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1268 North Wood Street

1268 North Wood Street, Chicago, IL 60622
Property in Wicker Park
Sold Oct 20, 2015
$1,256,500
Sold Mar 27, 2014
$442,500
$309,750 by First Eagle Bank
Mortgage Due Mar 21, 2015
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1268 North Wood Street in Chicago, IL was first built in 2016 and is 8 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1268 North Wood Street has 2,322 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 2,710 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 1268 North Wood Street sold most recently in Mar 19, 2014 for a total of $1,256,500. If you work out the math, that's approximately a cost of $541.13 per sqft. Before that, the property was also sold for $442,500 in Mar 19, 2014. 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 $22,183 in taxes each year. 1268 North Wood Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $107,849. If we break it down further, the land itself was valued at $21,680. Improvements to the property, however, were assessed at a total of $86,169. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,710
  • Total Building Area: 2,322
  • Gross Building Area: 2,322
  • Building Area: 2,322
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,322
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HAMILTON SUBDIVISION
  • Land Acres: 0.062
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KARELITZ JONATHAN
  • Current Owner 2: KARELITZ SARAH
  • Previous Owner : 1268 N MARION LLC
  • Owner Before Previous Owner: STEINBACK ERIC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 241400

Zoning

  • Zoning: RS-3

Geography

  • District: 77
  • Parcel: 17-06-227-081-0000
  • Municipality: WEST CHICAGO
  • Latitude: 41.9053
  • Longitude: -87.6742

    Address

  • Full Address: 1268 N Marion Ct
  • Address - House Number: 1268
  • Street Direction: N
  • Address - Street Name: Marion
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Chicago
  • Carrier Code: C016
  • 4-Digit Zip Code: 3121
  • Zip Code: 60622

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,183
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 1,198,072
  • High Value: 1,466,006
  • Low Value: 930,138

    Market Valuation

  • Market Total Value: $1,078,490
  • Market Land Value: $216,800
  • Market Improvement Value: $861,690

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $107,849
  • Assessed Land Value: $21,680
  • Assessed Improvements Value: $86,169

    Sales

  • Current Sale Contract Date: Mar 19, 2014
  • Current Sale Recording Date: Oct 20, 2015
  • Current Sale Transaction ID: 1333681170
  • Current Sale Price: $1,256,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1529329031
  • Previous Sale Recording Date: Mar 27, 2014
  • Previous Sale Contract Date: Mar 19, 2014
  • Previous Sale Amount: $442,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PHH HOME LOANS LLC
  • First Mortgage Transaction Date: Oct 20, 2015
  • First Mortgage Loan Amount: $800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Nov 01, 2045

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST EAGLE BANK
  • Previous Mortgage Transaction Date: Mar 27, 2014
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $309,750
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Mar 21, 2015

About Northwest Side



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Frequently Asked Questions

What neighborhood is 1268 North Wood Street located in?
The 1268 North Wood Street is a located in the neighborhood of Wicker Park in Northwest Side, Chicago.
What is the average sales price for listings in 1268 North Wood Street?
The average sales price for units in 1268 North Wood Street is $0 currently.

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