NOT LISTED FOR SALE

5518 S Merrimac Ave Chicago, IL 60638

Garfield Ridge Neighborhood

Estimated Value: $278,000 - $363,000

3 Beds
1 Bath
987 Sq Ft
$325/Sq Ft Est. Value

Last Sold September 08, 2016

Last sale price $159,900 $162 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $2,092/month

75 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Breakfast Bar
  • Kinzie Elementary School Rated 9+
  • Detached Garage
  • 2-minute walk to Wentworth (John) Park

About This Home

As of September 2016

3 bedroom brick Chicago bungalow. Full attic and basement unfinished. Eat in kitchen. Some newer windows, newer roof, 2 car sided garage, fenced in yard. Quick possession. 13 month home warranty. Make your appointment now.

Last Agent to Sell the Property

Mary Ann Dybala

In Realty License #471008071 Listed on: 04/18/2016

Last Buyer's Agent

Joseph Escobedo

Realmart Realty Inc License #475124693

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,879

Lot Details

  • 3,746

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Wood Shingle Roof

Kitchen

  • Breakfast Bar
  • Oven or Range

Utilities

  • Radiator
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Fenced Yard
  • Property is near a bus stop

Listing and Financial Details

  • $4,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,879

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Recent Rehab: Yes
  • Age: Unknown
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Style Of House: Bungalow
  • Type Detached: 1.5 Story
  • Estimated Year Built: U
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Property Features: Hardwood Floors
  • Number Of Rooms: 5
  • Living Room: Dimensions: 12X21, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Appliances: Oven/Range, Refrigerator
  • Attic: Full, Unfinished
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 12X14, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 7X13, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Bedroom 2: Dimensions: 9X9, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Bedroom 3: Dimensions: 9X8, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Estimated Sq Ft: 987

Exterior Features

  • Foundation: Concrete
  • Lot Size: Standard Chicago Lot
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles), Wood Shakes/Shingles
  • Exterior Property Features: Storms/Screens

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Radiators

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 30X 125
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 19171020370000

Tax Info

  • Taxes: 2721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2016
Closed on
Sep 8, 2016
Sold by
Marquette Bank
Bought by
Vargas Fabian and Vargas Nancy A
Seller's Agent
Mary Ann Dybala
In Realty
Buyer's Agent
Joseph Escobedo
Realmart Realty Inc
List Price
$179,000
Sold Price
$159,900
Premium/Discount to List
-$19,100
-10.67%
Current Estimated Value
$320,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,404
Avg. Annual Appreciation
7.90%
Original Mortgage
$151,050
Outstanding Balance
$121,384
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$198,920

Purchase Details

Closed on
Jul 23, 2002
Sold by
Bobel Genevieve Ann
Bought by
Marquette Bank and Trust #16298
Source: Public Records

Range of Values:

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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
Vargas Fabian $159,000 First American Title
Marquette Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Fabian $151,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2016 09/08/16 Sold $159,900 -5.9% $162 / Sq Ft
07/02/2016 07/02/16 Pending -- -- --
06/17/2016 06/17/16 Price Changed $169,900 -5.1% $172 / Sq Ft
04/18/2016 04/18/16 For Sale $179,000 -- $181 / 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 $4,879 $25,000 $5,250 $19,750
2023 $4,757 $23,001 $4,688 $18,313
2022 $4,757 $23,001 $4,688 $18,313
2021 $4,625 $22,999 $4,687 $18,312
2020 $3,975 $17,728 $3,750 $13,978
2019 $3,983 $19,698 $3,750 $15,948
2018 $3,916 $19,698 $3,750 $15,948
2017 $3,322 $15,329 $3,375 $11,954
2016 $3,090 $15,329 $3,375 $11,954
2015 $326 $15,329 $3,375 $11,954
2014 $2,721 $14,552 $3,187 $11,365
2013 $325 $14,552 $3,187 $11,365
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mary Ann Dybala

    In Realty

    (312) 315-5269

    15 in this area

    23 Total Sales

    Mary Ann Dybala
    Section Image

  • J

    Buyer's Agent in 2016

    Joseph Escobedo

    Realmart Realty Inc

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09199781

Midwest Real Estate Data (MRED)

APN: 19-17-102-037-0000

Illinois Cook County Chicago 60638 Garfield Ridge

5518 S Merrimac Ave, Chicago, IL

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