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5550 South New England Avenue

5550 South New England Avenue, Chicago, IL 60638
Property in Garfield Ridge
Sold Aug 09, 2021
$345,000
$338,751 by Fairway Independent Mortgage C
Mortgage Due Aug 01, 2051
Sold Aug 15, 1994
$192,000
$105,000 by Standard Federal Bank For Svgs
Mortgage Due Sep 01, 2024
5550 South New England Avenue in Chicago, IL was first built in 1947 and is 77 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. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 5550 South New England Avenue has 1,164 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 400 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 5,040 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 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. The property was last sold in Jul 21, 2021 for $345,000. That's $296.39 per sqft. Prior to that sales transaction, the property was also sold in Aug 11, 1994 for $192,000. 5550 South New England Avenue was last assessed in 2023. The total value of the property was assessed at $23,000. Specifically, the land the property is located on was valued at $6,300. While improvements on the property were assessed at a total of $16,700. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,758. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,040
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,164
  • Gross Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,164
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BARTLETTS CHICAGO HIGHLANDS
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FREDK (BARTLETTS)(CHICAGO)(HIGHLANDS) SUB IN SECS 19 & 20 & SEC 18-38-13

Ownership

  • Current Owner : HOWARD VIRGINIA L
  • Previous Owner : DZIEDZIC WILLIAM M
  • Previous Owner 2: DZIEDZIC BRIDGET A
  • Owner Before Previous Owner: WILDMAN JOHN R
  • Owner Before Previous Owner 2: KRALY JANET L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 561000

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: 00E-53-03
  • District: 72
  • Parcel: 19-18-105-033-0000
  • Block: 42
  • Lot: 33
  • Meridian: SEC 18 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7906
  • Longitude: -87.7943

    Address

  • Full Address: 5550 S New England Ave
  • Address - House Number: 5550
  • Street Direction: S
  • Address - Street Name: New England
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C059
  • 4-Digit Zip Code: 2316
  • Zip Code: 60638

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,758
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2319
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 346,600
  • High Value: 426,989
  • Low Value: 266,210

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $338,751
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Aug 09, 2021
  • First Open Lien Mortgage Loan Amount: $338,751
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $63,000
  • Market Improvement Value: $167,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $6,300
  • Assessed Improvements Value: $16,700

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Aug 09, 2021
  • Current Sale Transaction ID: 11848033855
  • Current Sale Price: $345,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2122146110
  • Previous Sale Recording Date: Aug 15, 1994
  • Previous Sale Contract Date: Aug 11, 1994
  • Previous Sale Amount: $192,000
  • Previous Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Aug 09, 2021
  • First Mortgage Loan Amount: $338,751
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: STANDARD FEDERAL BANK FOR SVGS
  • Previous Mortgage Transaction Date: Aug 15, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $105,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2024

About Southwest Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5550 South New England Avenue located in?
The 5550 South New England Avenue is a located in the neighborhood of Garfield Ridge in Southwest Side, Chicago.
What is the average sales price for listings in 5550 South New England Avenue?
The average sales price for units in 5550 South New England Avenue is $0 currently.

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