NOT LISTED FOR SALE

5531 S Melvina Ave Chicago, IL 60638

Garfield Ridge Neighborhood

Estimated Value: $354,309 - $376,000

4 Beds
2 Baths
1,068 Sq Ft
$342/Sq Ft Est. Value

Last Sold May 13, 2019

Last sale price $267,000 $250 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,240/month

131 Days on Market

Highlights

  • Detached Garage
  • Bungalow
  • Central Air
  • Kinzie Elementary School Rated 9+
  • Property is near a bus stop
  • 4-minute walk to Wentworth (John) Park

About This Home

As of May 2019

Nicely updated property on a quiet street. You will enjoy the fully finished basement with full 2nd kitchen, bedroom, and bath in basement. Nice yard for entertaining. Detached 2 garage off the alley. Newer roof, windows, and hot water tank. This property is great for a first time home buyer or investor looking for a rental property.

Last Agent to Sell the Property

Michael Collins

Coldwell Banker The Real Estate Group Listed on: 11/21/2018

Coldwell Banker The Real Estate Group

Last Buyer's Agent

Jessica Madrid

Ruiz Realty, Inc. License #475166274

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,964

Year Built

  • 1953

Lot Details

  • 3,485

Parking

  • Detached Garage
  • Off Alley Driveway
  • Garage Is Owned

Home Design

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

Finished Basement

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

Location

  • Property is near a bus stop

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,964

Year Built

1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Square Footage Comments: SF does not include the finished basement below grade
  • Total Full or Half Bathrooms: 2
  • Style Of House: Bungalow
  • Type Detached: Raised Ranch
  • Estimated Year Built: 1953
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Number Of Rooms: 6
  • Living Room: Dimensions: 11X16, On Level: Main Level
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Below Grade Bedrooms: 1
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 12X17, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 10X13, On Level: Main Level
  • Bedroom 2: Dimensions: 10X11, On Level: Main Level
  • Bedroom 3: Dimensions: 9X12, On Level: Main Level
  • Bedroom 4: Dimensions: 13X10, On Level: Basement
  • Estimated Sq Ft: 1068

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Acreage: 0.0861

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Off Alley
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public, Sewer-Storm
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Assessed Sq Ft: 1068

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 30 X 125
  • Parcel Identification Number: 19171040150000

Tax Info

  • Taxes: 2821

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2018
Closed on
May 13, 2019
Sold by
Ramotowski Waldemar and Ramotowski Genowefa
Bought by
Diaz Alfonso and Ramirez Maria Elena
Seller's Agent
Michael Collins
Coldwell Banker The Real Estate Group
Buyer's Agent
Jessica Madrid
Ruiz Realty, Inc.
List Price
$275,000
Sold Price
$267,000
Premium/Discount to List
-$8,000
-2.91%
Current Estimated Value
$364,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,827
Avg. Annual Appreciation
4.94%
Original Mortgage
$214,617
Outstanding Balance
$188,882
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$175,945

Purchase Details

Closed on
Dec 19, 1994
Sold by
Mcdevitt Daniel J and Mcdevitt Margaret
Bought by
Ramotowski Waldemar and Ramotowski Genowefa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
9.19%
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
Diaz Alfonso $267,000 Old Republic Title
Ramotowski Waldemar $137,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Alfonso $214,617
Previous Owner Ramotowski Waldemar $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2019 05/13/19 Sold $267,000 -1.1% $250 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/06/2019 03/06/19 Price Changed $270,000 -1.8% $253 / Sq Ft
11/21/2018 11/21/18 For Sale $275,000 -- $257 / 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 $3,964 $28,000 $5,250 $22,750
2023 $3,843 $22,001 $4,688 $17,313
2022 $3,843 $22,001 $4,688 $17,313
2021 $3,754 $21,999 $4,687 $17,312
2020 $3,653 $19,396 $3,750 $15,646
2019 $3,664 $21,552 $3,750 $17,802
2018 $3,602 $21,552 $3,750 $17,802
2017 $2,821 $16,394 $3,375 $13,019
2016 $3,048 $18,330 $3,375 $14,955
2015 $2,761 $18,330 $3,375 $14,955
2014 $2,486 $16,600 $3,187 $13,413
2013 $2,424 $16,600 $3,187 $13,413
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael Collins

    Coldwell Banker The Real Estate Group

    Section Image
  • Jessica Madrid

    Buyer's Agent in 2019

    Jessica Madrid

    Ruiz Realty, Inc.

    (773) 306-3498

    4 Total Sales

    Jessica Madrid
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10142387

Midwest Real Estate Data (MRED)

APN: 19-17-104-015-0000

Illinois Cook County Chicago 60638 Garfield Ridge

5531 S Melvina Ave, Chicago, IL

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