NOT LISTED FOR SALE

5550 S Newcastle Ave Chicago, IL 60638

Garfield Ridge Neighborhood

Estimated Value: $307,000 - $368,000

3 Beds
1 Bath
1,122 Sq Ft
$306/Sq Ft Est. Value

About This Home

This home is located at 5550 S Newcastle Ave, Chicago, IL 60638 and is currently estimated at $343,644, approximately $306 per square foot. 5550 S Newcastle Ave is a home located in Cook County with nearby schools including Byrne Elementary School, Kennedy High School, and St Daniel The Prophet School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2005
Sold by
Burns Timothy
Bought by
Burns Timothy and Burns Marybeth
Current Estimated Value
$343,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Outstanding Balance
$80,440
Interest Rate
5.87%
Mortgage Type
New Conventional
Estimated Equity
$263,204

Purchase Details

Closed on
Mar 31, 2002
Sold by
Revers Robert and Revers Madeline
Bought by
Burns Timothy

Purchase Details

Closed on
Aug 4, 1999
Sold by
Standard Bank & Trust Company
Bought by
Revers Robert W and Revers Madeline A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.77%

Purchase Details

Closed on
Nov 1, 1994
Sold by
Krizka Sophie
Bought by
Standard Bank & Trust Company
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Burns Timothy -- Cti
Burns Timothy $200,000 Chicago Title Insurance Co
Revers Robert W $95,000 --
Standard Bank & Trust Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Timothy $153,000
Previous Owner Revers Robert W $76,000
Source: Public Records

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 $4,176 $28,000 $6,350 $21,650
2023 $4,050 $23,000 $5,670 $17,330
2022 $4,050 $23,000 $5,670 $17,330
2021 $3,955 $23,000 $5,670 $17,330
2020 $3,866 $20,346 $4,536 $15,810
2019 $3,878 $22,607 $4,536 $18,071
2018 $3,812 $22,607 $4,536 $18,071
2017 $3,134 $17,836 $4,082 $13,754
2016 $3,092 $17,836 $4,082 $13,754
2015 $2,808 $17,836 $4,082 $13,754
2014 $2,562 $16,268 $3,855 $12,413
2013 $2,500 $16,268 $3,855 $12,413
Source: Public Records

Map

Illinois Cook County Chicago 60638 Garfield Ridge

5550 S Newcastle Ave, Chicago, IL

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