NOT LISTED FOR SALE

Estimated Value: $1,380,000 - $1,690,000

3 Beds
5 Baths
3,057 Sq Ft
$2,203/mo HOA Fee

Last Sold August 21, 2015

Last sale price $2,500,000 $818 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $12,322/month

9 Days on Market

Highlights

  • Lake Front
  • Deck
  • Wood Flooring
  • Lincoln Park High School Rated A
  • Double Shower
  • 2-minute walk to Lakefront Park

About This Home

As of August 2015

Stunning gut renovation of 3057 SQFT unit w/breathtaking lake views at Carlyle. LR: lake view, custom built-in w/TV & fplc. Kit w/top-of-the-line appl, gran counters, butler's pan. Spacious master suite w/custom closets & his/her separate BAs. His: steam shower. Hers: vanity, dbl shower, storage. 2nd BR w/BA ensuite. 3rd BR currently a family rm w/built-ins, entertainment center, desk. 2 165' balconies. No pet bldg.

Last Agent to Sell the Property

Katherine Malkin

Compass Listed on: 04/08/2015

Compass

Last Buyer's Agent

Carol Ann Edwards-Nasser

@properties Christie's International Real Estate License #475129694

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,291

Year Built

  • 1964

Lot Details

  • Lake Front
  • East or West Exposure

HOA Fees

  • $2,203 per month

Parking

  • Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Electric Fireplace
  • Entrance Foyer
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Double Oven
  • Microwave
  • High End Refrigerator
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Double Shower
  • Steam Shower
  • Shower Body Spray

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Location

  • Property is near a bus stop
  • City Lot

Utilities

  • Central Air
  • Radiant Heating System
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,291

Year Built

1964

Lot Details

0

HOA Fees

$2,203 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Recent Rehab: Yes
  • Unit Floor Level: 26
  • Age: 51-60 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 3.2
  • Estimated Year Built: 1964
  • Tax Exemptions: Homeowner, Senior
  • Type Attached: Condo, High Rise (7+ Stories)
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 39
  • Year Built: 1964

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit
  • Number Of Rooms: 6
  • Living Room: Dimensions: 17X25, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Oven/Range, Microwave, Dishwasher, High End Refrigerator, Freezer, Washer, Dryer, Disposal, Wine Cooler/Refrigerator
  • Fireplace Details: Electric
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Steam Shower, Full Body Spray Shower, Double Shower
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 13X14, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 9X20, On Level: Main Level, Flooring: Other
  • Kitchen Type: Eating Area-Table Space, Pantry-Butler
  • Additional Rooms: Balcony, Deck, Foyer, Pantry
  • Master Bedroom: Dimensions: 18X16, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Foyer, Dimensions: 7X14, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Balcony, Dimensions: 33X5, On Level: Main Level
  • Bedroom 2: Dimensions: 11X15, On Level: Main Level
  • Additional Room 3 Name: Deck, Dimensions: 33X5, On Level: Main Level
  • Bedroom 3: Dimensions: 17X15, On Level: Main Level, Flooring: Carpet
  • Additional Room 4 Name: Pantry, Dimensions: 6X6, On Level: Main Level, Flooring: Other
  • Estimated Sq Ft: 3057
  • Dining Room Type: Separate

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Balcony
  • Exposure: E (East), W (West), City, Lake/Water

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Garage Ownership: Fee/Leased

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Electric, Radiant

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Management: Manager On-site, Monday through Friday
  • Pet Information: No Pets
  • Common Area Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator, Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool-Indoors, Receiving Room, Security Door Locks, Service Elevator
  • Assessment Includes: Common Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal, Internet Access
  • Assessment Association Fees: 2203
  • Management Contact Name: SUSAN
  • Management Phone: 312-944-3484

Fee Information

  • Management Company: DRAPER & KRAMER
  • Lease Amount: 135

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17032020611087

Multi Family

  • Total Number Unitsin Building: 130
  • Number Stories: 39

Tax Info

  • Taxes: 20799.61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2015
Closed on
Jul 29, 2015
Sold by
Gerstman George H
Bought by
1040 Lake Shore Drive Llc
Seller's Agent
Katherine Malkin
Compass
Buyer's Agent
Carol Ann Edwards-Nasser
@properties Christie's International Real Estate
List Price
$2,575,000
Sold Price
$2,500,000
Premium/Discount to List
-$75,000
-2.91%
Current Estimated Value
$1,535,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$965,000
Avg. Annual Appreciation
-5.30%

Purchase Details

Closed on
Jul 16, 2009
Sold by
Gerstman Dorann
Bought by
Gerstman Dorann and The Dorann Gerstman Living Trust

Purchase Details

Closed on
Sep 9, 2008
Sold by
Spirrison James C and Spirrison Pandora S
Bought by
The George H Gerstman Revocable Trust and The Dorann Cohn Living Trust

Purchase Details

Closed on
Sep 22, 1994
Sold by
Bresler Rhoda
Bought by
Spirrison James C and Spirrison Pandora S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
8.5%
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
1040 Lake Shore Drive Llc $2,500,000 Fidelity National Title
Gerstman Dorann -- None Available
The George H Gerstman Revocable Trust $2,175,000 Stewart Title Of Illinois
Spirrison James C $760,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spirrison James C $346,000
Previous Owner Spirrison James C $608,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2015 08/21/15 Sold $2,500,000 -2.9% $818 / Sq Ft
04/17/2015 04/17/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $2,575,000 -- $842 / 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 $23,291 $132,184 $6,641 $125,543
2023 $22,666 $116,358 $5,347 $111,011
2022 $22,666 $116,358 $5,347 $111,011
2021 $29,769 $148,036 $5,346 $142,690
2020 $26,155 $117,407 $3,742 $113,665
2019 $25,597 $127,406 $3,742 $123,664
2018 $25,167 $127,406 $3,742 $123,664
2017 $28,092 $130,498 $2,994 $127,504
2016 $26,137 $130,498 $2,994 $127,504
2015 $23,913 $130,498 $2,994 $127,504
2014 $20,153 $113,020 $2,406 $110,614
2013 $20,800 $118,870 $2,406 $116,464
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08884783

Midwest Real Estate Data (MRED)

APN: 17-03-202-061-1087