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5016 North Newcastle Avenue

5016 North Newcastle Avenue, Chicago, IL 60656
Property in Big Oaks
Sold May 27, 2015
$326,000
$309,700 by Jpmorgan Chase Bank Na
Mortgage Due Jun 01, 2045
Sold Oct 16, 2003
$280,000
$224,000 by Bank One Na
Mortgage Due Oct 01, 2033
5016 North Newcastle Avenue in Chicago, IL was first built in 1958 and is 66 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. 5016 North Newcastle Avenue has 1,184 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 4,800 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 detached garage. There is one available parking space. 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 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, 5016 North Newcastle Avenue sold most recently in Feb 9, 2015 for a total of $326,000. If you work out the math, that's approximately a cost of $275.34 per sqft. Before that, the property was also sold for $280,000 in Sep 8, 2003. 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 $5,677 in taxes each year. 5016 North Newcastle Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $31,000. If we break it down further, the land itself was valued at $9,600. Improvements to the property, however, were assessed at a total of $21,400. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • 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: 1

    Dimensions

  • Lot Size Square Feet: 4,800
  • Total Building Area: 1,184
  • Gross Building Area: 1,184
  • Building Area: 1,184
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,184
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CALLERO & CATINOS RESUB OF LT 10 EX
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SABO TIMOTHY M
  • Current Owner 2: SABO SARAH J
  • Previous Owner : TANG XUEHUI
  • Previous Owner 2: JIN GUOPING
  • Owner Before Previous Owner: BOWERS PAUL G
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 100700

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 71
  • Parcel: 13-07-318-028-0000
  • Lot: 3
  • Meridian: SEC 07 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.9725
  • Longitude: -87.7979

    Address

  • Full Address: 5016 N Newcastle Ave
  • Address - House Number: 5016
  • Street Direction: N
  • Address - Street Name: Newcastle
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C035
  • 4-Digit Zip Code: 3732
  • Zip Code: 60656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,677
  • Tax Rate Code Area: 71033

    Appraisal Valuation

  • Standard Deviation: 0.2288
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 415,515
  • High Value: 510,600
  • Low Value: 320,431

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $309,700
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: May 27, 2015
  • First Open Lien Mortgage Loan Amount: $309,700
  • 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: Jun 01, 2045

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $96,000
  • Market Improvement Value: $214,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $9,600
  • Assessed Improvements Value: $21,400

    Sales

  • Current Sale Contract Date: Feb 09, 2015
  • Current Sale Recording Date: May 27, 2015
  • Current Sale Transaction ID: 1211768798
  • Current Sale Price: $326,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1514704082
  • Previous Sale Recording Date: Oct 16, 2003
  • Previous Sale Contract Date: Sep 08, 2003
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: May 27, 2015
  • First Mortgage Loan Amount: $309,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: BANK ONE NA
  • Previous Mortgage Transaction Date: Oct 16, 2003
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $224,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Oct 01, 2033

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Frequently Asked Questions

What neighborhood is 5016 North Newcastle Avenue located in?
The 5016 North Newcastle Avenue is a located in the neighborhood of Big Oaks in Northwest Side, Chicago.
What is the average sales price for listings in 5016 North Newcastle Avenue?
The average sales price for units in 5016 North Newcastle Avenue is $0 currently.

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