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3724 South Wolcott Avenue

3724 South Wolcott Avenue, Chicago, IL 60609
Property in McKinley Park
Sold Dec 08, 2006
$319,000
$255,200 by New Century Mortgage Corp
Mortgage Due Dec 01, 2036
Sold Apr 16, 1998
$131,000
$130,215 by Preferred Mtg Associates Ltd
Mortgage Due Apr 01, 2028
3724 South Wolcott Avenue has been categorized by the local assessors in Chicago, IL as a residential type of property. The building on the property was first built in 1895 and is 129 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3724 South Wolcott Avenue has 1,534 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 3,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a no garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 3724 South Wolcott Avenue was last sold in Nov 16, 2006 for $319,000. According to our calculations, that's $207.95 per sqft. Prior to that sales transaction, the property was sold for $131,000 in Mar 28, 1998. Current property owners are expected to pay $4,257 in taxes per year. The property on 3724 South Wolcott Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $24,000. To break that down further, the land itself was valued at $7,500. While improvements to the property were assessed at a total of $16,500. 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: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,534
  • Gross Building Area: 1,534
  • Building Area: 1,534
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,534
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CANAL TRUSTEES SUB
  • Land Acres: 0.069
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF BLK31 IN CANAL TRUSTEES SUB OF EH SEC 31-39-14

Ownership

  • Current Owner : GAYTAN RICARDO
  • Previous Owner : CABRAL AMALIA
  • Owner Before Previous Owner: ESPINOZA GRACIELA
  • Owner Before Previous Owner 2: PACHECO SYLVIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 590600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-31-418-034-0000
  • Block: 31
  • Lot: 58
  • Meridian: SEC 31 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.826
  • Longitude: -87.6719

    Address

  • Full Address: 3724 S Honore St
  • Address - House Number: 3724
  • Street Direction: S
  • Address - Street Name: Honore
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 2035
  • Zip Code: 60609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,257
  • Tax Rate Code Area: 76007

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 378,271
  • High Value: 474,926
  • Low Value: 281,615

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $255,200
  • First Open Lien Mortgage Lender: NEW CENTURY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 21, 2007
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $255,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2036

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $75,000
  • Market Improvement Value: $165,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $16,500

    Sales

  • Current Sale Contract Date: Nov 16, 2006
  • Current Sale Recording Date: Dec 08, 2006
  • Current Sale Transaction ID: 1084192289
  • Current Sale Price: $319,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0634205238
  • Previous Sale Recording Date: Apr 16, 1998
  • Previous Sale Contract Date: Mar 28, 1998
  • Previous Sale Amount: $131,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW CENTURY MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 08, 2006
  • First Mortgage Loan Amount: $63,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: PREFERRED MTG ASSOCIATES LTD
  • Previous Mortgage Transaction Date: Apr 16, 1998
  • Previous Mortgage Loan Amount: $130,215
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2028

About Southwest Side



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Frequently Asked Questions

What neighborhood is 3724 South Wolcott Avenue located in?
The 3724 South Wolcott Avenue is a located in the neighborhood of McKinley Park in Southwest Side, Chicago.
What is the average sales price for listings in 3724 South Wolcott Avenue?
The average sales price for units in 3724 South Wolcott Avenue is $0 currently.

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