Sheffield Neighborhood News
January/February 2001
Real Estate Sales In Sheffield Up 10%
BY PAULA ARNETT
Residential real estate (condominiums, single family homes and multi-unit properties) continues to increase in value in Sheffield. The accompanying chart shows, by street, the total volume of closed sales* over the last four years.
*Data compiled from the Multiple Listing Service of Northern Illinois
| Street |
2000*
|
1999
|
1998
|
1997
|
| Armitage |
$7,509,400 |
$9,046,000 |
$4,546,450 |
$8,916,500 |
| Belden |
$6,118,499 |
$4,450,000 |
$4,371,900 |
$3,976,000 |
| Bissell |
$6,376,900 |
$5,730,330 |
$4,873,650 |
$1,045,500 |
| Bosworth |
$0 |
$673,500 |
$0 |
$1,179,100 |
| Chalmers |
$0 |
$0 |
$0 |
$0 |
| Clifton |
$6,980,000 |
$6,361,217 |
$5,766,020 |
$3,245,000 |
| Clybourn |
$280,000 |
$230,000 |
$967,500 |
$145,000 |
| Dayton |
$3,751,000 |
$6,823,050 |
$7,119,500 |
$5,273,071 |
| Dickens |
$981,500 |
$2,692,500 |
$1,696,500 |
$3,325,250 |
| Fremont |
$2,305,000 |
$5,482,500 |
$3,787,000 |
$2,040,500 |
| Fullerton |
$14,662,536 |
$5,626,100 |
$3,597,000 |
$3,277,650 |
| Greenview |
$1,338,500 |
$2,246,500 |
$3,567,300 |
$1,556,250 |
| Halsted |
$1,923,750 |
$1,710,000 |
$1,849,000 |
$806,500 |
| Janssen |
$3,821,853 |
$3,531,500 |
$3,435,117 |
$2,275,960 |
| Kenmore |
$6,588,500 |
$2,524,000 |
$4,797,500 |
$3,714,000 |
| Lakewood |
$6,912,900 |
$3,332,750 |
$4,409,250 |
$3,703,500 |
| Magnolia |
$6,898,500 |
$3,676,289 |
$2,519,500 |
$4,957,500 |
| Racine |
$8,044,509 |
$12,042,111 |
$6,957,925 |
$3,861,100 |
| Seminary |
$5,378,650 |
$5,528,800 |
$5,192,500 |
$4,311,000 |
| Sheffield |
$2,110,000 |
$3,554,000 |
$2,022,500 |
$2,956,300 |
| Southport |
$3,677,500 |
$3,687,000 |
$4,830,465 |
$2,030,875 |
| Wayne |
$6,420,000 |
$5,388,500 |
$4,799,000 |
$3,303,400 |
| Webster |
$7,692,500 |
$6,207,600 |
$6,234,100 |
$7,829,185 |
| Total |
$109,771,997 |
$100,544,247 |
$87,339,677 |
$73,729,141 |
*as of December 10,2000
|
|
Sheffield Neighborhood News
November/ December 2000
Sheffield Properties Values Up/Real Estate Taxes Up
BY PAULA ARNETT
By now you should have received your Notice of Proposed Assessed Valuation: For Taxes Payable in 2001 from the Cook County Assessor’s Office. You most likely saw a large increase in your assessed valuation which means your taxes will increase by approximately the same percentage.
The Assessor’s office has made it convenient to appeal the increase by providing the Residential Assessed Valuation Appeal form along with the Notice. The problem in getting your proposed assessed valuation reduced is in finding properties, comparable to yours, that have lower assessed valuations than your own. The Assessor’s office has also made it easy to find property comparisons by listing all of the proposed assessed valuations on their website: www.cookcountyassessor.com .
The deadline for filing an appeal to the Assessor’s office using the Residential Appeal Form is November 21, 2000.
|
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SheffieldNeighborhood News
July/August 2000
Sheffield’s property values continue
to rise
BY PAULA ARNETT
Have you wondered how much your property has
appreciated? The accompanying chart
gives the facts* of property transfers in Sheffield that
occurred between 1998 and June 1, 2000.
|
Type
|
Block
|
Street
|
Selling Price
|
Date
|
Selling Price
|
Date
|
Percent
Increase
|
# Days
|
| Condo |
1100 |
Armitage |
$530,000
|
04/16/99 |
$465,000
|
05/12/98 |
14
|
339 |
| Condo |
1100 |
Armitage |
$365,000
|
02/10/00 |
$337,500
|
06/02/99 |
8
|
253 |
| Condo |
2200 |
Bissell |
$555,000
|
02/28/00 |
$320,000
|
07/06/98 |
73
|
602 |
| Condo |
800 |
Belden |
$292,500
|
05/15/00 |
$229,000
|
07/22/98 |
28
|
663 |
| Condo |
1100 |
Belden |
$380,000
|
02/18/00 |
$285,000
|
02/25/98 |
33
|
723 |
| |
2000 |
Clifton |
$359,900
|
07/02/99 |
|
|
|
|
| Single Family |
2000 |
Clifton |
$364,817
|
06/29/99 |
$605,000
|
03/31/98 |
Various
|
|
| to 3 Condos |
2000 |
Clifton |
$470,000
|
03/17/00 |
|
|
|
|
| Condo |
2200 |
Clybourn |
$280,000
|
04/05/00 |
$197,500
|
07/17/98 |
42
|
628 |
| Single Family |
2000 |
Dayton |
$810,000
|
04/24/00 |
$748,000
|
06/15/99 |
8
|
314 |
| Single Family |
2100 |
Dayton |
$687,500
|
06/16/99 |
$625,000
|
04/16/98 |
10
|
426 |
| Single Family |
2100 |
Fremont |
$670,000
|
04/05/99 |
$625,000
|
01/08/98 |
7
|
452 |
| Condo |
900 |
Fullerton |
$293,500
|
01/31/00 |
$257,000
|
05/12/98 |
14
|
629 |
| Condo |
1100 |
Fullerton |
$274,000
|
08/30/99 |
$227,000
|
06/15/98 |
21
|
426 |
| Condo |
2100 |
Racine |
$337,000
|
10/28/99 |
$329,000
|
05/07/99 |
2
|
174 |
| Condo |
2200 |
Racine |
$267,500
|
08/02/99 |
$229,000
|
09/30/98 |
17
|
306 |
| Condo |
2100 |
Seminary |
$196,000
|
03/24/00 |
$146,500
|
05/21/99 |
34
|
307 |
| Condo |
2000 |
Sheffield |
$250,000
|
04/02/00 |
$217,000
|
05/28/98 |
15
|
675 |
| Condo |
2100 |
Sheffield |
$299,000
|
04/26/00 |
$238,000
|
10/29/98 |
26
|
545 |
| Condo |
2100 |
Sheffield |
$172,000
|
06/21/99 |
$140,000
|
08/24/98 |
23
|
301 |
| Condo |
2100 |
Wayne |
$336,500
|
11/29/99 |
$315,500
|
08/21/98 |
7
|
465 |
| Multi-Unit |
2200 |
Wayne |
$515,000
|
06/08/99 |
$429,000
|
06/02/98 |
20
|
371 |
| Single Family |
1100 |
Webster |
$1,000,000
|
08/21/99 |
$920,000
|
09/08/98 |
9
|
347 |
| Condo |
1200 |
Webster |
$270,000
|
07/21/99 |
$255,000
|
12/09/98 |
6
|
224 |
|
|
|
Sheffield Neighborhood News
May/June 2000
1st Quarter Sheffield Real Estate Market Report
BY PAULA ARNETT
During the first quarter of this year, sales volume for both single family homes and condominiums (including townhomes) has increased by 15.8% and 61.9% respectively over 1999. However, the average selling price for both single family homes and condominiums has remained fairly constant indicating that there are more transactions but prices are similar to those of last year.
The number of condominium sales has increased dramatically, from 30 to 49, or 63.3% from 1999 to 2000 while the average market time has remained stable, with 37 days in 2000 compared to 41 days in 1999. The number of single family homes sales has remained constant with 6 in 2000 and 5 in 1999 but the average market time has dropped 34%, down to 70 days in 2000 compared to 106 days in 1999.
Because there are so few multi-unit transactions in both 2000 and 1999, no significant comments can be made.
Please refer to the accompanying chart for more statistics.
|
Sheffield Neighborhood Real Estate Transactions*
|
| |
Single Family Homes
|
Condominiums (Includes Townhomes)
|
Multi-Units (2-4 Flats)
|
| |
2000 |
1999 |
2000 |
1999 |
2000 |
1999 |
| January through March |
| Sales Volume |
$4,340,496 |
$3,748,000 |
$14,799,100 |
$9,140,009 |
$700,000 |
$1,219,999 |
| % Change 99 to 00 |
15.8% |
|
61.9% |
|
-42.6% |
|
| Transactions |
6 |
5 |
49 |
30 |
1 |
2 |
| % Change 99 to 00 |
20.0% |
|
63.3% |
|
-50.0% |
|
| Average Market Time |
70 |
106 |
37 |
41 |
85 |
30 |
| % Change 99 to 00 |
-34.0% |
|
-9.8% |
|
283.3% |
|
| Average Selling Price |
$723,416 |
$749,600 |
$302,022 |
$304,667 |
$700,000 |
$610,000 |
| % Change 99 to 00 |
-3.5% |
|
-0.9% |
|
14.8% |
|
| Highest Selling Price |
$925,000 |
$880,000 |
$577,250 |
$782,500 |
$700,000 |
$620,000 |
| % Change 99 to 00 |
5.1% |
|
-26.2% |
|
12.9% |
|
| Lowest Selling Price |
$485,000 |
$514,000 |
$71,000 |
$110,000 |
$700,000 |
$599,999 |
| % Change 99 to 00 |
-5.6% |
|
-35.5% |
|
16.7% |
|
| * compiled from the Multiple Listing Service of Northern Illinois |
|
|
|
Sheffield Neighborhood News
March/April 2000
Sheffield real estate sales top $100 million
BY PAULA ARNETT
1999 saw real estate sales* of $100 million in the Sheffield neighborhood, an increase of 15.5% over 1998. This was an increase of 15.5% over 1998. The accompanying chart shows the breakdown by property type. My special year-end report that compares 1999 to 1998 is ready for you. This extensive report details list and sales prices, market times and closing dates for each street in the neighborhood.
Total Dollar Volume
| Single Family |
1999 |
$42,386,669 |
49 transactions |
| |
1998 |
$34,450,288 |
49 transactions |
| |
|
|
|
| Condominium |
1999 |
$39,710,774 |
154 transactions |
| |
1998 |
$39,710,774 |
154 transactions |
| |
|
|
|
| Multi-Unit |
1999 |
$12,591,499 |
20 transactions |
| |
1998 |
$12,878,725 |
22 transactions |
| |
|
|
|
| 1999 TOTAL |
|
$100,544,247 |
217 transactions |
| 1998 TOTAL |
|
$87,039,677 |
225 transactions |
*Data compiled from the Multiple Listing Service of Northern Illinois for single family, condominium and multi-unit (2-4 flat) properties in the Sheffield boundaries of Armitage on the south, Fullerton on the north, Halsted on the east and the Chicago River on the west.
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