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1840 South 55th Avenue

1840 South 55th Avenue, Cicero, IL 60804
Property in Cicero
Sold Mar 20, 2014
$63,000
$46,000 by Self Help Fcu
Mortgage Due Mar 01, 2044
Sold Mar 19, 2008
$220,000
$220,000 by Southport Bank
Mortgage Due Apr 01, 2038
Local assessors in Cicero, IL have categorized 1840 South 55th Avenue as a residential type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 3,780 square feet. The linear feet between the front and back of the lot was measured at 1,260 ft and the front of the lot was measured at 300 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 1840 South 55th Avenue has a total of 960 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 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 asphalt. 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 hot water 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, 1840 South 55th Avenue was last sold in Dec 31, 2013 for $63,000. According to our calculations, that's $65.63 per sqft. Prior to that sales transaction, the property was sold for $220,000 in Mar 7, 2008. Current property owners are expected to pay $4,332 in taxes per year. The property on 1840 South 55th Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $18,001. To break that down further, the land itself was valued at $4,064. While improvements to the property were assessed at a total of $13,937. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Unknown
  • 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: 2

    Dimensions

  • Lot Size Square Feet: 3,780
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 300
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 960
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION OF W PT LT 3 & EX S 921 FT
  • Land Acres: 0.087
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SUBDIVISION) OF W PT LT 3 & EX S 921 FT W PT LT 6 OF GRANT LAND ASSOCIATION RESUB SEC 21-39-13

Ownership

  • Current Owner : VELASQUEZ SERAFIN
  • Current Owner 2: GARCIA MA LUISA
  • Previous Owner : VARGAS JOSE A
  • Owner Before Previous Owner: CEBALLOS MIGUEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cicero School District 99
  • Census Tract: 813600

Geography

  • District: 15
  • Parcel: 16-21-303-046-0000
  • Block: 5
  • Lot: 3,6
  • Meridian: SEC 21 TWN 39N RNG 13E
  • Municipality: CICERO
  • Latitude: 41.8547
  • Longitude: -87.7619

    Address

  • Full Address: 1840 S 55th Ave
  • Address - House Number: 1840
  • Street Direction: S
  • Address - Street Name: 55th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Cicero
  • Carrier Code: C043
  • 4-Digit Zip Code: 1818
  • Zip Code: 60804

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,332
  • Tax Rate Code Area: 15001

    Appraisal Valuation

  • Standard Deviation: 0.2616
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 228,454
  • High Value: 288,219
  • Low Value: 168,688

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $61,000
  • First Open Lien Mortgage Lender: SELF HELP FCU
  • First Open Lien Mortgage Recording Date: Mar 20, 2014
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $46,000
  • 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: Mar 01, 2044
  • Second Open Lien Mortgage Lender: NEIGHBORHOOD LENDING SERVICES
  • Second Open Lien Mortgage Recording Date: Mar 20, 2014
  • Second Open Lien Mortgage Loan Amount: $15,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Negative Amortization
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2044

    Market Valuation

  • Market Total Value: $180,010
  • Market Land Value: $40,640
  • Market Improvement Value: $139,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,001
  • Assessed Land Value: $4,064
  • Assessed Improvements Value: $13,937

    Sales

  • Current Sale Contract Date: Dec 31, 2013
  • Current Sale Recording Date: Mar 20, 2014
  • Current Sale Transaction ID: 1079350128
  • Current Sale Price: $63,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1407926012
  • Previous Sale Recording Date: Mar 19, 2008
  • Previous Sale Contract Date: Mar 07, 2008
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SELF HELP FCU
  • First Mortgage Transaction Date: Mar 20, 2014
  • First Mortgage Loan Amount: $46,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2044
  • Second Mortgage Lender: NEIGHBORHOOD LENDING SERVICES
  • Second Mortgage Transaction Date: Mar 20, 2014
  • Second Mortgage Loan Amount: $15,000
  • Second Mortgage Terms: 60
  • Second Mortgage Loan Type: Negative Amortization
  • Second Mortgage Loan Due Date: Feb 21, 2019

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHPORT BANK
  • Previous Mortgage Transaction Date: Mar 19, 2008
  • Previous Mortgage Loan Amount: $220,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Apr 01, 2038

About Cicero



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Frequently Asked Questions

What neighborhood is 1840 South 55th Avenue located in?
The 1840 South 55th Avenue is a located in the neighborhood of Cicero in Cicero, Cicero.
What is the average sales price for listings in 1840 South 55th Avenue?
The average sales price for units in 1840 South 55th Avenue is $0 currently.

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