2623 North Merrimac Avenue
2623 North Merrimac Avenue, Chicago, IL 60639
Property
in
Belmont Central
Sold Sep 02, 2022
$318,000
Buyer
Seller
$308,460
by Guaranteed Rate Inc
Mortgage Due Aug 01, 2052
Sold Nov 18, 2013
$130,000
Buyer
$127,645
by The Federal Savings Bank
Mortgage Due Nov 01, 2043
2623 North Merrimac Avenue in Chicago, IL was first built in 1928 and is 96 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 bungalow style.
It is a single story home.
There are a total of 5 rooms in the home, of which, 3 are bedrooms.
In terms of bathrooms, there is only one bathroom.
There is a 1 partial bathroom.
2623 North Merrimac Avenue has 1,116 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 4,340 square feet.
Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 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 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, 2623 North Merrimac Avenue sold most recently in Jul 26, 2022 for a total of $318,000. If you work out the math, that's approximately a cost of $284.95 per sqft. Before that, the property was also sold for $130,000 in Sep 24, 2013. 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 $3,206 in taxes each year. 2623 North Merrimac Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $19,000. If we break it down further, the land itself was valued at $6,510. Improvements to the property, however, were assessed at a total of $12,490. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.
Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 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 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, 2623 North Merrimac Avenue sold most recently in Jul 26, 2022 for a total of $318,000. If you work out the math, that's approximately a cost of $284.95 per sqft. Before that, the property was also sold for $130,000 in Sep 24, 2013. 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 $3,206 in taxes each year. 2623 North Merrimac Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $19,000. If we break it down further, the land itself was valued at $6,510. Improvements to the property, however, were assessed at a total of $12,490. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.