NOT LISTED FOR SALE

1226 S Federal St Unit A Chicago, IL 60605

Dearborn Park Neighborhood

Estimated Value: $478,955 - $649,000

2 Beds
2 Baths
1,243 Sq Ft
$457/Sq Ft Est. Value

Last Sold September 24, 2018

Last sale price $490,000 $394 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,952/month

5 Days on Market

Highlights

  • Wood Flooring
  • Walk-In Pantry
  • Attached Garage
  • South Loop Elementary School Rated 9+
  • Skylights
  • 3-minute walk to Mary Richardson Jones Park

About This Home

As of September 2018

Surrounded by a lushly landscaped environment, is this beautiful corner 2 bedroom town home, with attached garage parking. This home has been freshly painted, has newly installed carpeting and has refinished hardwood floors. Enter home to a hallway that leads to a family room and powder room . The attached garage enters directly into the family room. The second floor is an open layout floor plan including living room, dining room, and kitchen ,with access to the deck for outdoor entertaining. The kitchen includes stainless steel appliances, pantry and large counter for informal dining. The living room has a fireplace to set the mood and warm up those cold winter nights. The 3rd floor includes 2 spacious bedrooms, laundry and bath. Walk to South Loop School in 2 minutes. Lake, loop and nightlife. Convenient to public and private transportation. Come see this jewel in the middle of this secret urban garden!

Last Agent to Sell the Property

Terri Buseman

RE/MAX Premier License #475117355 Listed on: 08/23/2018

RE/MAX Premier

Last Buyer's Agent

Susan Dickman

Berkshire Hathaway HomeServices Chicago License #475140648

Berkshire Hathaway HomeServices Chicago

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,401

Year Built

  • 1991

Lot Details

  • 871

HOA Fees

  • $275 per month

Parking

  • Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Skylights
  • Wood Flooring
  • Washer and Dryer Hookup

Kitchen

  • Walk-In Pantry
  • Kitchen Island

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,401

Year Built

1991

Lot Details

0

HOA Fees

$275 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 1
  • Age: 26-30 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple w/ HO Assn.
  • Total Full or Half Bathrooms: 1.1
  • Estimated Year Built: 1991
  • Tax Exemptions: Homeowner
  • Type Attached: T3-Townhouse 3+ Stories
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3
  • Year Built: 1991

Interior Features

  • Interior Property Features: Skylight(s), Hardwood Floors, Laundry Hook-Up in Unit
  • Number Of Rooms: 6
  • Living Room: Dimensions: 15X12, On Level: 2nd Level, Flooring: Hardwood
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 10X9, On Level: 2nd Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 9X8, On Level: 2nd Level
  • Kitchen Type: Island, Pantry-Closet
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 14X12, On Level: 3rd Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 12X9, On Level: 3rd Level, Flooring: Carpet
  • Estimated Sq Ft: 1243
  • Dining Room Type: Separate
  • Family Room: Dimensions: 19X8, On Level: Main Level, Flooring: Carpet

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • 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: Manager Off-site
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Water, Common Insurance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 275
  • Management Contact Name: Linda King
  • Management Phone: 312-944-2611

Fee Information

  • Management Company: Associa Chicago

Schools

  • School District: 299
  • Elementary School: SOUTH LOOP ELEMENTARY SCHOOL
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: CONDO
  • Parcel Identification Number: 17212113220000

Multi Family

  • Total Number Unitsin Building: 117
  • Number Stories: 3

Tax Info

  • Taxes: 6385

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2018
Closed on
Sep 19, 2018
Sold by
Gamino Ariel and Gamino Christina
Bought by
Albertus Michael and Stewart Allyson
Seller's Agent
Terri Buseman
RE/MAX Premier
Buyer's Agent
Susan Dickman
Berkshire Hathaway HomeServices Chicago
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Current Estimated Value
$567,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,489
Avg. Annual Appreciation
2.10%
Original Mortgage
$267,500
Outstanding Balance
$164,720
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$402,769

Purchase Details

Closed on
Jan 3, 2007
Sold by
Edwards Camille D
Bought by
Gamino Ariel and Gamino Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 23, 1996
Sold by
Gaines James H and Gaines Allyson Ray
Bought by
Edwards Camille D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
8.1%

Purchase Details

Closed on
Nov 16, 1994
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Gaines James H and Gaines Allyson Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,750
Interest Rate
8.91%
Source: Public Records

Range of Values:

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Average Value
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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
Albertus Michael $490,000 Chicago Title
Gamino Ariel $390,000 Residential Title Services
Edwards Camille D $204,000 Attorneys Natl Title Network
Gaines James H $159,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Albertus Michael $267,500
Previous Owner Gamino Ariel $58,500
Previous Owner Edwards Camille D $183,600
Previous Owner Gaines James H $169,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2018 09/24/18 Sold $490,000 -1.8% $394 / Sq Ft
08/29/2018 08/29/18 For Sale $499,000 +1.8% $401 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
08/26/2018 08/26/18 Off Market $490,000 -- --
08/23/2018 08/23/18 For Sale $499,000 -- $401 / 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 $8,401 $47,490 $14,929 $32,561
2023 $8,166 $43,000 $12,012 $30,988
2022 $8,166 $43,000 $12,012 $30,988
2021 $8,001 $43,000 $12,012 $30,988
2020 $8,207 $39,942 $9,867 $30,075
2019 $8,723 $43,416 $9,867 $33,549
2018 $7,898 $43,416 $9,867 $33,549
2017 $6,674 $34,378 $8,151 $26,227
2016 $6,385 $34,378 $8,151 $26,227
2015 $5,819 $34,378 $8,151 $26,227
2014 $5,654 $33,040 $7,293 $25,747
2013 $5,531 $33,040 $7,293 $25,747
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10060421

Midwest Real Estate Data (MRED)

APN: 17-21-211-322-0000