NOT LISTED FOR SALE

5005 W Potomac Ave Chicago, IL 60651

Austin Neighborhood

Estimated Value: $262,000 - $279,000

2 Beds
2 Baths
910 Sq Ft
$297/Sq Ft Est. Value

Last Sold April 17, 2013

Last sale price $43,500 $48 Per Sq Ft

Est. 522% increase in value since last sale

Current estimated payment $1,791/month

24 Days on Market

About This Home

As of April 2013

CHARMING 2 STORIES SINGLE FAMILY LOCATED IN NORWOOD PARK, FEATURES 2BED/2BATH, FULL BSMT & ATTIC, 2 CAR GARAGE AND MORE. ELIGIBLE UNDER FREDDIE MAC FIRST LOOK INITIATIVE THROUGH 03/13/12. GREAT FORECLOSURE OPPORTUNITY! SELLING IN AS-IS CONDITION. OFFERS MUST HAVE COPY OF CERTIFIED EM, PRE-APPROVAL ATTACHED AND/OR PROOF OF FUNDS WITH CASH OFFERS. ALL DOCS UNDER ADDITIONAL DOCS MUST BE COMPLETED.

Last Agent to Sell the Property

Tiffany Webb

Pearson Realty Group License #475147802 Listed on: 02/26/2013

Pearson Realty Group

Last Buyer's Agent

Colin Hebson

Baird & Warner License #475143865

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $3,798

Year Built

  • 1922

Lot Details

  • 3,703

Parking

  • 2

Home Design

  • Stucco Exterior

Unfinished Basement

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

Utilities

  • No Cooling
  • Lake Michigan Water

Property Details

Home Type

Other

Est. Annual Taxes

$3,798

Year Built

1922

Lot Details

0

Parking

2

Interior Features

  • Total # Of Rooms: 5
  • Basement: Full
  • Basement: Unfinished
  • Basement Bathrooms: Yes
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 11X10
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 12X10
  • Living Room Level: Main Level
  • Living Room Size: 15X12
  • Dining Room Level: Main Level
  • Dining Room Size: 15X12
  • Kitchen Level: Main Level
  • Kitchen Size: 13X11

Exterior Features

  • Lot Size: Standard Chicago Lot
  • Exterior Building Type: Stucco

Garage/Parking

  • Number of Cars: 2
  • Parking Type: Garage

Utilities

  • Air Conditioner: None
  • Water: Lake Michigan
  • Heat/Fuel: Gas

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2013
Closed on
Apr 5, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Velazquez Fernando and Maratalla Maria Guadalupe
Seller's Agent
Tiffany Webb
Pearson Realty Group
Buyer's Agent
Colin Hebson
Baird & Warner
List Price
$44,900
Sold Price
$43,500
Premium/Discount to List
-$1,400
-3.12%
Current Estimated Value
$270,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,962
Avg. Annual Appreciation
15.65%

Purchase Details

Closed on
Nov 27, 2012
Sold by
Owens Charles
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 8, 2008
Sold by
Rei Series One Llc
Bought by
Owens Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.95%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 10, 2006
Sold by
Brown Tevester
Bought by
Rei Series One Llc 5005 Potomac

Purchase Details

Closed on
Jul 30, 1997
Sold by
Brown Debra Ann
Bought by
Brown Tevester
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
Velazquez Fernando $43,500 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corporation -- None Available
Owens Charles $240,000 Cti
Rei Series One Llc 5005 Potomac $125,000 Cti
Brown Tevester -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Owens Charles $216,000
Previous Owner Brown Tevester $24,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2013 04/17/13 Sold $43,500 -3.1% $48 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
02/26/2013 02/26/13 For Sale $44,900 -- $49 / 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 $3,798 $17,100 $4,650 $12,450
2023 $3,702 $18,000 $3,720 $14,280
2022 $3,702 $18,000 $3,720 $14,280
2021 $3,620 $18,000 $3,720 $14,280
2020 $2,420 $10,862 $3,627 $7,235
2019 $2,425 $12,069 $3,627 $8,442
2018 $2,384 $12,069 $3,627 $8,442
2017 $2,763 $12,833 $3,162 $9,671
2016 $2,570 $12,833 $3,162 $9,671
2015 $2,352 $12,833 $3,162 $9,671
2014 $2,091 $11,268 $2,976 $8,292
2013 $1,571 $11,268 $2,976 $8,292
Source: Public Records

Agents Affiliated with this Home

  • Tiffany Webb

    Seller's Agent in 2013

    Tiffany Webb

    Pearson Realty Group

    (773) 510-5301

    40 Total Sales

    Tiffany Webb
    Section Image
  • Colin Hebson

    Buyer's Agent in 2013

    Colin Hebson

    Baird & Warner

    (773) 326-6530

    408 Total Sales

    Colin Hebson
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08279124

Midwest Real Estate Data (MRED)

APN: 16-04-219-017-0000

Illinois Cook County Chicago 60651 Austin

5005 W Potomac Ave, Chicago, IL

This home is located at 5005 W Potomac Ave, Chicago, IL 60651 since 26 February 2013 and is currently estimated at $270,462, approximately $297 per square foot. This property was built in 1922. 5005 W Potomac Ave is a home located in Cook County with nearby schools including Lewis Elementary School, Orr Academy High School, and Christ Lutheran School.

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