NOT LISTED FOR SALE

3048 N Spaulding Ave Chicago, IL 60618

Avondale Neighborhood

Estimated Value: $574,000 - $1,244,000

0.07 Acre
$13,270,043 Price per Acre
3,006 Sq Ft Lot

Last Sold May 17, 2023

Last sale price $568,000 $379 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,264/month

158 Days on Market

About This Lot

As of May 2023

SOLD AND CLOSED UNDER 3048 AND 3050 SPAULING

Last Agent to Sell the Property

Pasquale Recchia

@properties Christie's International Real Estate License #475119562 Listed on: 12/09/2022

@properties Christie's International Real Estate

Co-Listed By

Richard Anselmo

@properties Christie's International Real Estate License #475138991

Last Buyer's Agent

Jason O'Beirne

Jameson Sotheby's Intl Realty License #475145213

Jameson Sotheby's Intl Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,995

Lot Details

  • Lot Dimensions are 49x123
  • Additional Parcels
  • Property is zoned SINGL

Basement

  • Crawl Space

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$6,995

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural, Multi-Family
  • Road Surface Type: Concrete
  • General Information: None
  • Actual Status: Closed
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Description: Crawl
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 49X123
  • Zoning: SINGL
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 6995.08
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2024
Sold by
3048-50 N Spaulding Llc
Bought by
Millar Christine and Millar Matthew
Current Estimated Value
$915,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,139,050
Outstanding Balance
$1,120,347
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
-$204,714

Purchase Details

Listed on
Dec 9, 2022
Closed on
May 10, 2023
Sold by
Thornton Patrick H
Bought by
3048-50 N Spaulding Llc
Seller's Agent
Pasquale Recchia
@properties Christie's International Real Estate
Buyer's Agent
Jason O'Beirne
Jameson Sotheby's Intl Realty
List Price
$624,000
Sold Price
$568,000
Premium/Discount to List
-$56,000
-8.97%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.27%
Original Mortgage
$667,125
Interest Rate
8.25%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 2, 2002
Sold by
Vargo John M
Bought by
Thornton Patrick H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2002
Sold by
Bovyn Paul L
Bought by
Vargo John M
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Millar Christine $1,199,000 None Listed On Document
3048-50 N Spaulding Llc $308,000 Proper Title
Thornton Patrick H -- Proper Title
Thornton Patrick H $183,000 --
Vargo John M $138,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Millar Christine $1,139,050
Previous Owner 3048-50 N Spaulding Llc $667,125
Previous Owner Thornton Patrick H $146,400
Closed Vargo John M $0
Closed Thornton Patrick H $27,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2023 05/17/23 Sold $568,000 +84.4% $379 / Sq Ft
05/10/2023 05/10/23 Sold $308,000 -45.8% $206 / Sq Ft View Prior Sale
03/02/2023 03/02/23 Off Market $568,000 -- --
03/01/2023 03/01/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $325,000 -47.9% $217 / Sq Ft
12/09/2022 12/09/22 For Sale $624,000 -- $417 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,004 $117,500 $13,107 $104,393
2024 $6,004 $74,595 $13,107 $61,488
2023 $7,137 $30,801 $10,549 $20,252
2022 $7,137 $38,001 $10,546 $27,455
2021 $6,995 $38,002 $10,548 $27,454
2020 $6,135 $30,544 $4,820 $25,724
2019 $6,388 $35,108 $4,820 $30,288
2018 $6,256 $35,108 $4,820 $30,288
2017 $4,854 $25,924 $4,218 $21,706
2016 $4,692 $25,924 $4,218 $21,706
2015 $4,270 $25,924 $4,218 $21,706
2014 $3,350 $20,624 $3,615 $17,009
2013 $3,273 $20,624 $3,615 $17,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11685840

Midwest Real Estate Data (MRED)

APN: 13-26-211-026-0000