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861 West 107th Street

861 West 107th Street, Chicago, IL 60643
House in Morgan Park
Sold Apr 05, 2023
$204,000
$200,305 by Plains Commerce Bank
Mortgage Due Apr 01, 2053
Sold Jun 14, 2018
$70,000
$101,500 by Finance Of America Commercial
Mortgage Due Jul 01, 2019
Local assessors in Chicago, IL have categorized 861 West 107th Street as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 5,360 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 861 West 107th Street has a total of 1,204 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 861 West 107th Street was last sold in Mar 28, 2023 for $204,000. According to our calculations, that's $169.44 per sqft. Prior to that sales transaction, the property was sold for $70,000 in Apr 26, 2018. Current property owners are expected to pay $2,476 in taxes per year. The property on 861 West 107th Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $12,000. To break that down further, the land itself was valued at $4,020. While improvements to the property were assessed at a total of $7,980. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,360
  • Total Building Area: 1,204
  • Gross Building Area: 1,204
  • Building Area: 1,204
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,204
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHELDON HEIGHTS NORTHWEST THIRD
  • Land Acres: 0.123
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SHELDON) HEIGHTS (NORTHWEST) (THIRD) ADD A SUB OF W5 /8 OF EH SE SEC17 EX S174FT EH SE SEC 17-37-14

Ownership

  • Current Owner : RICKETTES TAINESHA
  • Previous Owner : MN LEGACY LLC
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 750100

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 25-17-424-022-0000
  • Lot: 4
  • Meridian: SEC 17 TWN 37N RNG 14E
  • Municipality: LAKE
  • Latitude: 41.6994
  • Longitude: -87.6449

    Address

  • Full Address: 861 W 107th St
  • Address - House Number: 861
  • Street Direction: W
  • Address - Street Name: 107th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C051
  • 4-Digit Zip Code: 3843
  • Zip Code: 60643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,476
  • Tax Rate Code Area: 72193

    Appraisal Valuation

  • Standard Deviation: 0.2523
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 64
  • Final Value: 196,505
  • High Value: 246,101
  • Low Value: 146,909

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,305
  • First Open Lien Mortgage Lender: PLAINS COMMERCE BANK
  • First Open Lien Mortgage Recording Date: Apr 05, 2023
  • First Open Lien Mortgage Loan Amount: $200,305
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2053

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $40,200
  • Market Improvement Value: $79,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,000
  • Assessed Land Value: $4,020
  • Assessed Improvements Value: $7,980

    Sales

  • Current Sale Contract Date: Mar 28, 2023
  • Current Sale Recording Date: Apr 05, 2023
  • Current Sale Transaction ID: 11904617757
  • Current Sale Price: $204,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 47106
  • Previous Sale Recording Date: Jun 14, 2018
  • Previous Sale Contract Date: Apr 26, 2018
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLAINS COMMERCE BANK
  • First Mortgage Transaction Date: Apr 05, 2023
  • First Mortgage Loan Amount: $200,305
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: FINANCE OF AMERICA COMMERCIAL
  • Previous Mortgage Transaction Date: Jun 14, 2018
  • Previous Mortgage Loan Amount: $101,500
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 01, 2019

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Frequently Asked Questions

What neighborhood is 861 West 107th Street located in?
The 861 West 107th Street is a house located in the neighborhood of Morgan Park in Far South Chicago, Chicago.
What is the average sales price for listings in 861 West 107th Street?
The average sales price for units in 861 West 107th Street is $0 currently.

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