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1032 West Newport Avenue

1032 West Newport Avenue, Chicago, IL 60657
Property in Lakeview
Sold Apr 22, 2021
$616,000
$492,800 by Guaranteed Rate Inc
Mortgage Due Apr 01, 2051
Sold Jun 02, 2017
$585,000
$49,725,000 by Guaranteed Rate Inc
Mortgage Due Jun 01, 2047
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Local assessors in Chicago, IL have categorized 1032 West Newport Avenue as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 982 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse 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 are 2 full bathrooms. There are also 3 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1032 West Newport Avenue has a total of 1,681 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 attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 tar and gravel. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1032 West Newport Avenue sold most recently in Mar 12, 2021 for a total of $616,000. If you work out the math, that's approximately a cost of $366.45 per sqft. Before that, the property was also sold for $585,000 in May 26, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $11,448 in taxes each year. 1032 West Newport Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $59,082. If we break it down further, the land itself was valued at $14,730. Improvements to the property, however, were assessed at a total of $44,352. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Townhouse
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 5
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 982
  • Total Building Area: 1,681
  • Gross Building Area: 1,681
  • Building Area: 1,681
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,681
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ERNST J LEHMANNS SUBDIVISION
  • Land Acres: 0.023
  • Standard Land Use Code: Townhouse (residential)

Ownership

  • Current Owner : HAO LEI
  • Current Owner 2: STEFAN STASCHINSKI STEFAN
  • Previous Owner : SIPE TIMOTHY J
  • Previous Owner 2: SIPE BETH M
  • Owner Before Previous Owner: KELLER MICHAEL J
  • Owner Before Previous Owner 2: TIMPE LISA A
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 062200

Zoning

  • Zoning: RT-4

Geography

  • District: 73
  • Parcel: 14-20-409-042-0000
  • Municipality: LAKE VIEW
  • Latitude: 41.9447
  • Longitude: -87.6553

    Address

  • Full Address: 1032 W Newport Ave
  • Address - House Number: 1032
  • Street Direction: W
  • Address - Street Name: Newport
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C032
  • 4-Digit Zip Code: 1692
  • Zip Code: 60657

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,448
  • Tax Rate Code Area: 73105

    Appraisal Valuation

  • Standard Deviation: 0.2226
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 723,611
  • High Value: 884,698
  • Low Value: 562,523

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $492,800
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Apr 22, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $492,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $590,820
  • Market Land Value: $147,300
  • Market Improvement Value: $443,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,082
  • Assessed Land Value: $14,730
  • Assessed Improvements Value: $44,352

    Sales

  • Current Sale Contract Date: Mar 12, 2021
  • Current Sale Recording Date: Apr 22, 2021
  • Current Sale Transaction ID: 11832167164
  • Current Sale Price: $616,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2111201075
  • Previous Sale Recording Date: Jun 02, 2017
  • Previous Sale Contract Date: May 26, 2017
  • Previous Sale Amount: $585,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Apr 22, 2021
  • First Mortgage Loan Amount: $492,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Jun 02, 2017
  • Previous Mortgage Loan Amount: $49,725,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2047

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Frequently Asked Questions

What neighborhood is 1032 West Newport Avenue located in?
The 1032 West Newport Avenue is a located in the neighborhood of Lakeview in North Side, Chicago.
What is the average sales price for listings in 1032 West Newport Avenue?
The average sales price for units in 1032 West Newport Avenue is $0 currently.

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