Seller's Agent in 2023
Benjamin Turbow
Keller Williams ONEChicago
(248) 495-0993
5 in this area
113 Total Sales
Promenade 1201 W Adams St Unit 701 Chicago, IL 60607
West Loop NeighborhoodEstimated Value: $558,000 - $616,493
2
Beds
2
Baths
--
Sq Ft
$564/mo
HOA Fee
Highlights
- Doorman
- Lock-and-Leave Community
- Elevator
- Skinner Elementary School Rated A-
- End Unit
- 5-minute walk to Skinner Park
About This Home
As of August 2023STUNNING WEST LOOP TWO BEDROOM, TWO BATH CORNER UNIT WITH SPECTACULAR WEST AND NORTH VIEWS. Welcome to ideal urban living in this exceptional two-bedroom, two-bath condo in the vibrant West Loop. Huge windows offer panoramic views of Chicago. The kitchen is a delight, equipped with stainless steel appliances, gas range, and gleaming granite countertops. Whether you're preparing a gourmet meal or enjoying a quick bite, this space is both functional and stylish, and it has been recently updated with a new faucet and cabinet hardware. The open-concept living area provides flexibility for various furniture configurations and will truly be the heart of this home. Step outside onto your private north-facing balcony, where you can soak in the captivating views of downtown Chicago while unwinding after a long day. The king-sized primary bedroom is a tranquil retreat, featuring north-facing windows that flood the space with natural light, and never been lived on new carpeting! It also boasts a walk-in closet and a spacious bathroom with dual vanity, providing a luxurious touch to your daily routine. The generously sized second bedroom can accommodate a king-sized bed, while offering ample storage with its wall of closets. This unit features high ceilings throughout, adding a sense of spaciousness. 2023 updates include: painting throughout, carpeting in both bedrooms, new showerheads, hardware and towel bars in both bathrooms, and new light fixtures and LED bulbs in the foyer, hallway, and bathrooms. Washer & dryer in unit. With one garage parking space, convenience is at your doorstep. Situated in an unbeatable location, this property offers proximity to the Blue line, allowing for easy transportation when not commuting. You'll find yourself surrounded by an abundance of dining and entertainment options on Madison and Randolph streets, ensuring there is always something new to explore. Nearby shopping destinations such as Target, Mariano's and Whole Foods provide convenient access to everyday essentials, not to mention the boutique shopping to explore. UIC & the medical district are nearby, plus you are moments away from downtown Chicago.
Last Agent to Sell the Property
Keller Williams ONEChicago License #471019102 Listed on: 07/27/2023
Last Buyer's Agent
Monica McCarthy
Redfin Corporation License #475184898
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,782
Year Built
- Built in 2002
Lot Details
- End Unit
- Additional Parcels
HOA Fees
- $564 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
Interior Spaces
- Ceiling Fan
- Family Room
- Combination Dining and Living Room
- Storage
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
- Dual Sinks
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Outdoor Features
Schools
- Skinner Elementary School
- Wells Community Academy Senior H High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, parking, insurance, doorman, exterior maintenance, scavenger, snow removal, internet
- 83 Units
- Bryan Boudreau Association, Phone Number (877) 999-6491
- Property managed by First Service Residential
- Lock-and-Leave Community
- 10-Story Property
Amenities
- Doorman
- Elevator
- Package Room
Pet Policy
- Dogs and Cats Allowed
Security
- Storm Screens
- Carbon Monoxide Detectors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2023
Closed on
Aug 19, 2023
Sold by
Mummadi Srinivas and Mummadi Anusha
Bought by
Sing Rahul and Singh Shweta Rahul
Seller's Agent
Benjamin Turbow
Keller Williams ONEChicago
Buyer's Agent
Monica McCarthy
Redfin Corporation
List Price
$525,000
Sold Price
$510,000
Premium/Discount to List
-$15,000
-2.86%
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,623
Avg. Annual Appreciation
6.46%
Original Mortgage
$300,000
Outstanding Balance
$283,902
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$300,721
Purchase Details
Listed on
Jun 25, 2015
Closed on
Aug 24, 2015
Sold by
Tibrewala Jaideep and Tibrewala Chhavi
Bought by
Mummadi Srinivas and Kumbam Anusha
Seller's Agent
Douglas Stachowiak
Best Chicago Properties, LLC
Buyer's Agent
Rubina Bokhari
Jameson Sotheby's Intl Realty
List Price
$395,000
Sold Price
$407,000
Premium/Discount to List
$12,000
3.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.86%
Original Mortgage
$325,600
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 28, 2005
Sold by
Poynton Michael
Bought by
Tibrewala Jaideep and Tibrewala Chhavi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 5, 2003
Sold by
1520 Damen Partners Llp
Bought by
Poynton Michael
Purchase Details
Closed on
Nov 8, 2002
Sold by
Adams & Racine Llc
Bought by
1520 Damen Partners Llp
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sing Rahul | $510,000 | None Listed On Document | |
| Mummadi Srinivas | $407,000 | Acquest Title Services Llc | |
| Tibrewala Jaideep | $385,000 | First American | |
| Poynton Michael | $405,000 | Multiple | |
| 1520 Damen Partners Llp | $300,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sing Rahul | $300,000 | |
| Previous Owner | Mummadi Srinivas | $325,600 | |
| Previous Owner | Tibrewala Jaideep | $308,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/31/2023 08/31/23 | Sold | $510,000 | -2.9% | -- | |
| 08/02/2023 08/02/23 | Pending | -- | -- | -- | |
| 07/27/2023 07/27/23 | For Sale | $525,000 | +29.0% | -- | |
| 08/31/2015 08/31/15 | Sold | $407,000 | 0.0% | -- | View Prior Sale |
| 07/09/2015 07/09/15 | Pending | -- | -- | -- | |
| 07/06/2015 07/06/15 | Off Market | $407,000 | -- | -- | |
| 06/25/2015 06/25/15 | For Sale | $395,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,195 | $49,020 | $1,413 | $47,607 |
| 2023 | $8,941 | $46,747 | $775 | $45,972 |
| 2022 | $8,941 | $46,747 | $775 | $45,972 |
| 2021 | $8,759 | $46,745 | $774 | $45,971 |
| 2020 | $7,844 | $38,195 | $774 | $37,421 |
| 2019 | $7,735 | $41,802 | $774 | $41,028 |
| 2018 | $7,603 | $41,802 | $774 | $41,028 |
| 2017 | $6,480 | $33,373 | $683 | $32,690 |
| 2016 | $6,184 | $33,373 | $683 | $32,690 |
| 2015 | $5,635 | $33,373 | $683 | $32,690 |
| 2014 | $4,529 | $26,980 | $581 | $26,399 |
| 2013 | $4,429 | $26,980 | $581 | $26,399 |
Source: Public Records
Agents Affiliated with this Home
-
Benjamin Turbow
-
Monica McCarthy
M
Buyer's Agent in 2023
Monica McCarthy
Redfin Corporation
-
D
Seller's Agent in 2015
Douglas Stachowiak
Best Chicago Properties, LLC
-
Rubina Bokhari
Buyer's Agent in 2015
Rubina Bokhari
Compass
(847) 691-5055
30 in this area
172 Total Sales
About Promenade
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11801867
APN: 17-17-113-116-1039
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