NOT LISTED FOR SALE

3540 N Panama Ave Chicago, IL 60634

Belmont Terrace Neighborhood

Estimated Value: $338,000 - $364,641

4 Beds
2 Baths
1,300 Sq Ft
$273/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $270,000 $208 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,255/month

2 Days on Market

Highlights

  • 2 Car Attached Garage
  • Senior Tax Exemptions
  • 5-minute walk to Hiawatha Park

About This Home

As of September 2021

GOOD LOCATION. SOLID 4 BEDROOMS HOUSE. GOOD ROOM SIZES. GREAT BUY FOR THE MONEY.

Last Agent to Sell the Property

Adam Smolen

Waclaw Smolen License #471022644 Listed on: 08/04/2021

Waclaw Smolen

Last Buyer's Agent

Tatiana Burgos

Keller Williams ONEChicago License #475190782

Keller Williams ONEChicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $202

Year Built

  • Built in 1930

Lot Details

  • 3,703 Sq Ft Lot
  • Lot Dimensions are 25x30

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • 1.5-Story Property
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$202

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • LivingArea: 1300
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 968
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • MRD_MBB: None
  • Master Bedroom Dimensions: 14X17

Exterior Features

  • List Price: 249500
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 (Window/Wall Unit)
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.085
  • Lot Dimensions: 25X30
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 202.14
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Sep 9, 2021
Sold by
Blackburn Joseph and Alfonso Blackburn Declaration
Bought by
Blackburn Joseph
Seller's Agent
Adam Smolen
Waclaw Smolen
Buyer's Agent
Tatiana Burgos
Keller Williams ONEChicago
List Price
$249,500
Sold Price
$270,000
Premium/Discount to List
$20,500
8.22%
Current Estimated Value
$354,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,910
Avg. Annual Appreciation
6.59%
Original Mortgage
$327,600
Outstanding Balance
$303,078
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$45,665

Purchase Details

Closed on
Dec 19, 2014
Sold by
Blackburn Alfonso J
Bought by
The Alfonso Blackburn Declaration Of Liv

Purchase Details

Closed on
Aug 30, 2011
Sold by
Blackburn Alfonso J
Bought by
Blackburn Alfonso J and Blackburn Joseph

Purchase Details

Closed on
Jul 13, 2011
Sold by
Blackburn Alfonso J and Blackburn Lorraine
Bought by
Blackburn Alfonso J
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Blackburn Joseph $270,000 Chicago Title
The Alfonso Blackburn Declaration Of Liv -- None Available
Blackburn Alfonso J -- None Available
Blackburn Alfonso J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blackburn Joseph $327,600
Previous Owner Blackburn Alfonso J $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $270,000 +8.2% $208 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $249,500 -- $192 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $4,367 $21,410 $9,300 $12,110
2023 $4,236 $24,000 $7,440 $16,560
2022 $4,236 $24,000 $7,440 $16,560
2021 $357 $24,003 $7,443 $16,560
2020 $369 $18,717 $4,650 $14,067
2019 $368 $20,797 $4,650 $16,147
2018 $362 $20,797 $4,650 $16,147
2017 $388 $22,116 $4,092 $18,024
2016 $810 $22,116 $4,092 $18,024
2015 $779 $22,116 $4,092 $18,024
2014 $772 $20,533 $3,720 $16,813
2013 $775 $20,533 $3,720 $16,813
Source: Public Records

Agents Affiliated with this Home

  • Adam Smolen

    Seller's Agent in 2021

    Adam Smolen

    Waclaw Smolen

    (847) 962-8756

    1 in this area

    153 Total Sales

    Adam Smolen
    Section Image
  • Tatiana Burgos

    Buyer's Agent in 2021

    Tatiana Burgos

    Keller Williams ONEChicago

    (773) 627-3578

    1 in this area

    64 Total Sales

    Tatiana Burgos
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11178238

Midwest Real Estate Data (MRED)

APN: 12-23-405-020-0000

Illinois Cook County Chicago 60634 Belmont Terrace

3540 N Panama Ave, Chicago, IL

This home is located at 3540 N Panama Ave, Chicago, IL 60634 since 04 August 2021 and is currently estimated at $354,910, approximately $273 per square foot. This property was built in 1930. 3540 N Panama Ave is a home located in Cook County with nearby schools including Canty Elementary School, Steinmetz College Prep, and St. Francis Borgia School.

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