934Damen-RealEstateContract-01-13.pdf
934Damen-DisclosureLedPaint (1).pdf
| Today | Tax History | $ | ||
|---|---|---|---|---|
| Jan 8, 2021 | Sold (Public Records) | $230,000 | 2020 | $3719 |
| Nov 24, 2020 | Sold (MLS) (Closed Sale) | $230,000 | 2019 | $3707 |
| Oct 29, 2020 | Pending (Contingent) | 2018 | $3643 | |
| Oct 13, 2020 | Price Changed | $239,900 | 2017 | $3564 |
| Oct 7, 2020 | Listed (New) | $250,000 | 2016 | $3492 |
Master Bedroom: 12ft x 10ft = 120 sq ft Bedroom #2: 12ft x 10ft = 120 sq ft Kitchen: 15ft x 8ft = 120 sq ft Living: 14ft x 13ft = 182 sq ft Bathroom: 8ft x 5ft = 40 sq ft Foyer: 3ft x 10ft = 30 sq ft
Total size of the apartment is approximately 612 square feet.
https://www.redfin.com/IL/Chicago/934-N-Damen-Ave-60622/unit-2C/home/12768594
https://goo.gl/maps/R5nNZ2hwwbBPGNF68
Master Bedroom: 12x11 = 132sq ft
Bedroom #2: 11x10 = 110sqft
Livingroom: 15x11 = 165sqft
Kitchen: 12x11 = 132sqft
Foyer: 3x10 = 30sqft
Total size is: 612sqft
Bathroom: 8x5 = 40sqft
https://www.compass.com/listing/2004-west-walton-street-unit-1b-chicago-il-60622/25166990821921649/
https://www.homesbymarco.com/homes/1604709/2004_w_walton_st_1b_chicago_il_60622
https://www.numbeo.com/property-investment/in/Chicago
We’ve done some calculations to show the range of incomes that might get you approved for a $200,000 mortgage. These are only examples and your own financial situation will be different. But you can use the numbers as a general benchmark when evaluating real estate prices.
Note that these scenarios assume a 30-year fixed-rate mortgage and a 36% debt-to-income ratio. Many lenders will approve borrowers with a DTI as high as 43%. So if your salary is in the range below you might qualify for a mortgage amount that is higher than $200K.
You may afford a $200,000 mortgage on a $45,000 income if you have a 3% down payment, a 6% mortgage rate, a good credit score, and no other debts beyond your new housing costs. With that down payment, your $200K mortgage would fetch you a purchase price of just over $200,000
You might afford a $200,000 home loan on a slightly lower income — $35,000 per year — if you can put more money down. This example assumes a 20% down payment, a 6% interest rate, good credit, and still no other monthly debt obligations, aside from your new monthly mortgage payment. With that down payment, your $200,000 mortgage might buy you a home with a purchase price of up to $240,000
What’s changed to require a higher income? In this scenario, your existing monthly debts are $1,500 and your down payment is only 3%. We’re still assuming your credit score is good, and the rate is 6%. So you may need an even bigger income if you have a lot of existing debt before taking on a mortgage.
Hi Alex. The original. Sq footage is 632 sq ft. The added loft space is 180 sq ft So, 812 sq ft
Those 180’ on the loft are more like 140’ which would make the space 772ft² at $270ft² its $208K
