NOT LISTED FOR SALE

1218 W Melrose St Unit 2 Chicago, IL 60657

Lakeview Neighborhood

Estimated Value: $612,000 - $706,000

2 Beds
2 Baths
-- Sq Ft
$125/mo HOA Fee

Last Sold May 06, 2020

Last sale price $485,000

Est. 35% increase in value since last sale

Current estimated payment $4,702/month

10 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Steam Shower
  • Augustus H. Burley Elementary School Rated A-
  • Whirlpool Bathtub
  • 2-minute walk to Margaret Donahue Park

About This Home

As of May 2020

STUNNING, SUN-FILLED HIGHLY UPGRADED 2 BR/2 BTH CONDO ON SERENE TREE-LINED STREET IN HANDSOME 3-UNIT BRICK BUILDING IN FANTASTIC WALK-TO-EVERYTHING LOCATION IN THE HEART OF THE SOUTHPORT CORRIDOR! EXTRAORDINARY HIGH END FINISHES THROUGHOUT. LARGE SOUTH-FACING LIVING RM W/ WOOD BURNING FIREPLACE OPENS TO FRONT DECK & DINING RM. GOURMET GRANITE/STAINLESS KITCHEN FEATURES BREAKFAST BAR, WINE REFRIGERATOR & EXCELLENT CABINETS. LUXURIOUS MASTER HAS WALK-IN CLOSET & MARBLE SPA BTH W/ DOUBLE VANITY, JET TUB & STEAM SHOWER W/ BODY SPRAYS & BENCH. LARGE SECOND 2 BR W/ NATURAL STONE BTH. HARDWOOD FLOORS THROUGHOUT. SOLID CORE DOORS. CUSTOM MILLWORK, PAINT, WINDOW TREATMENTS & LIGHTING. IN UNIT WASHER/DRYER, CENTRAL AIR/GAS FORCED AIR HEAT, SEPARATE STORAGE CLOSET. LARGE PRIVATE DECK OFF REAR OF UNIT + RARE COMMON GARAGE ROOF DECK. ON-SITE GARAGE PARKING INCLUDED IN PRICE. BURLEY SCHOOL!

Last Agent to Sell the Property

Ian Schwartz

Coldwell Banker Realty License #475101307 Listed on: 03/12/2020

Coldwell Banker Realty

Last Buyer's Agent

Steve Otwell

@properties Christie's International Real Estate License #475173407

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,393

Year Built

  • 2005

Lot Details

  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $125 per month

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Storage
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • North or South Exposure

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,393

Year Built

2005

Lot Details

0

HOA Fees

$125 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 2
  • Age: 11-15 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 2005
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 2005

Interior Features

  • Interior Property Features: Hardwood Floors, Storage, Walk-In Closet(s)
  • Number Of Rooms: 5
  • Living Room: Dimensions: 18X17, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Wine Cooler/Refrigerator
  • Equipment: Security System, Intercom
  • Fireplace Details: Wood Burning, Gas Starter
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Steam Shower, Double Sink
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 11X9, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar
  • Additional Rooms: Walk In Closet, Balcony, Deck
  • Master Bedroom: Dimensions: 14X13, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Walk in Closet, Dimensions: 7X6, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Balcony, Dimensions: 9X4, On Level: Main Level, Flooring: Other
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Hardwood
  • Additional Room 3 Name: Deck, Dimensions: 11X11, On Level: Main Level, Flooring: Other
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Balcony, Deck
  • Exposure: N (North), S (South), E (East), W (West)

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Self-Management
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Storage
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger
  • Assessment Association Fees: 125
  • Management Phone: 999-999-9999

Schools

  • School District: 299
  • Elementary School: Burley Elementary School
  • Middle School: Burley Elementary School
  • High School: Lake View High School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 14203270471002

Multi Family

  • Total Number Unitsin Building: 3
  • Number Stories: 3

Tax Info

  • Taxes: 10269.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Apr 10, 2020
Sold by
Gutierrez Marco and Ayala Marcela Ruiz
Bought by
Knapp Emily
Seller's Agent
Ian Schwartz
Coldwell Banker Realty
Buyer's Agent
Steve Otwell
@properties Christie's International Real Estate
List Price
$499,000
Sold Price
$485,000
Premium/Discount to List
-$14,000
-2.81%
Current Estimated Value
$656,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,980
Avg. Annual Appreciation
6.11%
Original Mortgage
$388,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2017
Sold by
Wilson Shannon and Wilson Denise
Bought by
Gutierrez Marco and Ruiz Marcela

Purchase Details

Listed on
Sep 22, 2013
Closed on
Nov 8, 2013
Sold by
Walter Stevan J
Bought by
Wilson Shannon and Wilson Denise
Seller's Agent
Mario Greco
Compass
Buyer's Agent
Mary Haight Himes
Compass
List Price
$439,500
Sold Price
$433,000
Premium/Discount to List
-$6,500
-1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.69%
Original Mortgage
$346,400
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2005
Sold by
Thady Construction Llc
Bought by
Walter Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,200
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 5, 2005
Sold by
1218 West Melrose Llc
Bought by
Thady Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2004
Sold by
Lane Gardner C
Bought by
1218 West Melrose Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,750
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2000
Sold by
Oder Troy Anderson and Oder Kimberly Renee
Bought by
Lane Gardner C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
7.77%

Purchase Details

Closed on
Aug 7, 1998
Sold by
Glascott Timothy and Sandt Patricia
Bought by
Kircher Robert and Oder Troy Anderson
Source: Public Records

Range of Values:

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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
Knapp Emily $485,000 Chicago Title
Gutierrez Marco $462,000 Attorney
Wilson Shannon $433,000 Sterling Title Services Llc
Walter Steven J $464,000 Cti
Thady Construction Llc $650,000 Stewart Title Of Illinois
1218 West Melrose Llc $575,000 First American Title Ins Co
Lane Gardner C $494,000 --
Kircher Robert $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knapp Emily $388,000
Previous Owner Wilson Shannon $345,000
Previous Owner Wilson Shannon $346,400
Previous Owner Walter Steven J $310,400
Previous Owner Walter Steven J $353,702
Previous Owner Walter Steven J $367,200
Previous Owner Walter Steven J $42,800
Previous Owner Thady Construction Llc $1,020,000
Previous Owner Thady Construction Llc $520,000
Previous Owner 1218 West Melrose Llc $488,750
Previous Owner Lane Gardner C $420,000
Previous Owner Lane Gardner C $417,000
Previous Owner Lane Gardner C $416,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2020 05/06/20 Sold $485,000 -2.8% --
03/22/2020 03/22/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $499,000 +15.2% --
11/19/2013 11/19/13 Sold $433,000 -1.5% --
10/04/2013 10/04/13 Pending -- -- --
09/22/2013 09/22/13 For Sale $439,500 -- --
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 $11,393 $55,269 $17,811 $37,458
2023 $11,107 $54,000 $14,364 $39,636
2022 $11,107 $54,000 $14,364 $39,636
2021 $10,859 $54,000 $14,364 $39,636
2020 $10,643 $50,879 $6,128 $44,751
2019 $10,446 $55,424 $6,128 $49,296
2018 $10,270 $55,424 $6,128 $49,296
2017 $9,162 $45,937 $5,362 $40,575
2016 $8,701 $45,937 $5,362 $40,575
2015 $7,937 $45,937 $5,362 $40,575
2014 $7,214 $41,448 $4,381 $37,067
2013 $7,060 $41,448 $4,381 $37,067
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10664718

Midwest Real Estate Data (MRED)

APN: 14-20-327-047-1002