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1348 North Wolcott Avenue

1348 North Wolcott Avenue, Chicago, IL 60622
Property in Wicker Park
Sold Aug 13, 2020
$765,000
$510,400 by Guaranteed Rate Inc
Mortgage Due Aug 01, 2050
Sold May 10, 2016
$745,000
$558,750 by Bank Of America Na
Mortgage Due Jun 01, 2046
1348 North Wolcott Avenue in Chicago, IL was first built in 1894 and is 130 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 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1348 North Wolcott Avenue has 1,946 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. The linear feet across the front of the lot is 1,320 ft and the linear feet between the front and back of the lot is 250. In total, the area measurement of the land is 3,300 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 no garage. 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 masonry 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 masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. 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, 1348 North Wolcott Avenue sold most recently in Jul 27, 2020 for a total of $765,000. If you work out the math, that's approximately a cost of $393.11 per sqft. Before that, the property was also sold for $745,000 in Apr 1, 2016. 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 $16,866 in taxes each year. 1348 North Wolcott Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $82,000. If we break it down further, the land itself was valued at $26,400. Improvements to the property, however, were assessed at a total of $55,600. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1894
  • Effective Year Built: 1894
  • 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: Tar and gravel
  • 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: 3,300
  • Lot Size Depth Feet: 250
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,946
  • Gross Building Area: 1,946
  • Building Area: 1,946
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 1,946
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PICKETS ADD TO CHICAGO
  • Land Acres: 0.076
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (PICKETS) ADD TO (CHICAGO) BEING LTS3&8 OF ASSESSORS DIV OF UNSUBDIVIDED LANDS IN EH NW & NE SEC 06-39-14

Ownership

  • Current Owner : PURPURA ANDREA G
  • Current Owner 2: PURPURA JULIE
  • Previous Owner : THIES RICHARD C
  • Previous Owner 2: THIES MAURA
  • Owner Before Previous Owner: MERLO MICHAEL G
  • Owner Before Previous Owner 2: CAPLIN NOW KNOWN AS LISA MERLO LISA N
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

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

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-06-216-058-0000
  • Block: 2
  • Lot: 3,8
  • Meridian: SEC 06 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9064
  • Longitude: -87.6743

    Address

  • Full Address: 1348 N Wolcott Ave
  • Address - House Number: 1348
  • Street Direction: N
  • Address - Street Name: Wolcott
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C078
  • 4-Digit Zip Code: 3110
  • Zip Code: 60622

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,866
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 663,273
  • High Value: 832,752
  • Low Value: 493,793

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $610,400
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Aug 13, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $510,400
  • 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: Aug 01, 2050
  • Second Open Lien Mortgage Lender: EVERGREEN BANK GROUP
  • Second Open Lien Mortgage Recording Date: Aug 13, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 30, 2040

    Market Valuation

  • Market Total Value: $820,000
  • Market Land Value: $264,000
  • Market Improvement Value: $556,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,000
  • Assessed Land Value: $26,400
  • Assessed Improvements Value: $55,600

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Aug 13, 2020
  • Current Sale Transaction ID: 11779740416
  • Current Sale Price: $765,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022634037
  • Previous Sale Recording Date: May 10, 2016
  • Previous Sale Contract Date: Apr 01, 2016
  • Previous Sale Amount: $745,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Aug 13, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: May 10, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $558,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2046

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Frequently Asked Questions

What neighborhood is 1348 North Wolcott Avenue located in?
The 1348 North Wolcott Avenue is a located in the neighborhood of Wicker Park in Northwest Side, Chicago.
What is the average sales price for listings in 1348 North Wolcott Avenue?
The average sales price for units in 1348 North Wolcott Avenue is $0 currently.

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