Seller's Agent in 2021
Jason Rowland
Compass
(312) 927-1942
9 in this area
117 Total Sales
1228 W Melrose St Unit 3 Chicago, IL 60657
Lakeview NeighborhoodEstimated Value: $766,000 - $878,660
2
Beds
2
Baths
1,450
Sq Ft
$121/mo
HOA Fee
Highlights
- Penthouse
- Rooftop Deck
- Open Floorplan
- Augustus H. Burley Elementary School Rated A-
- Heated Floors
- 2-minute walk to Margaret Donahue Park
About This Home
As of September 2021Welcome to 1228 W Melrose completed in 2018 with top-of-the-line finishes and beautiful craftsmanship. Set amidst the trees this Southport Corridor duplex Penthouse includes an expansive 1400SF private, length of the building rooftop deck with a built-in grill station, shaded pergola lounge area, and unbeatable skyline views of the city. Open Living/Dining and Kitchen area include beautiful quartz countertops, refined finishes, pantry space, and high-end appliances. Custom built-ins flank each side of the gas fireplace in the large living room and a wet bar with lower storage offer a great drink/storage option. All of this connects to an outdoor balcony perfect for entertaining/cooking and outdoor family meals. The large master bedroom has plenty of natural light, a custom walk-in closet, and an adjacent master bathroom with heated floors, a steam shower, and dual vanity. The large second bedroom includes customized closet space and beautiful french doors. Additional coat closets, linen closets, and flexible storage spaces are found throughout the home. Interior stairs lead you up to the roof deck landing where a dry bar including a wine cooler and upper/lower storage greet you. Garage parking space included. Premier location walking distance to Chicago's lakefront, parks, grocery, boutique shops, CTA, Southport Corridor, and some of the city's best restaurants and bars. Custom Built Roofdeck Includes: Gas firepit, Electric heater, Grill/Cook Station, Sink and built-in buffet, Ceiling fan, Floating bar overlooking the amazing city and Sunset views, beverage center, and ice maker in the doghouse.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,031
Year Built
- Built in 2018
Lot Details
- 3,136
HOA Fees
- $121 Monthly HOA Fees
Parking
- 1 Car Detached Garage
- Garage Door Opener
- Off Alley Driveway
- Parking Included in Price
Home Design
- Penthouse
- Brick Exterior Construction
- Slab Foundation
- Rubber Roof
Interior Spaces
- 1,450 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Wet Bar
- Bookcases
- Bar Fridge
- Dry Bar
- Historic or Period Millwork
- Vaulted Ceiling
- Fireplace With Gas Starter
- Shades
- Blinds
- Living Room with Fireplace
- Combination Dining and Living Room
- Storage
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Heated Floors
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
- Steam Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Outdoor Features
- Rooftop Deck
- Pergola
- Outdoor Storage
Schools
- Burley Elementary School
- Lake View High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, parking, insurance, scavenger
- 3 Units
- Low-Rise Condominium
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 17, 2021
Closed on
Sep 22, 2021
Sold by
Brew Christopher R
Bought by
Koroleff Alexander
Seller's Agent
Jason Rowland
Compass
Buyer's Agent
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
List Price
$789,900
Sold Price
$750,000
Premium/Discount to List
-$39,900
-5.05%
Total Days on Market
58
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
$70,665
Avg. Annual Appreciation
2.47%
Original Mortgage
$375,000
Outstanding Balance
$342,758
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$483,241
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Koroleff Alexander | $750,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Koroleff Alexander | $375,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $750,000 | -5.1% | $517 / Sq Ft |
| 08/15/2021 08/15/21 | Pending | -- | -- | -- |
| 06/17/2021 06/17/21 | For Sale | $789,900 | -- | $545 / Sq Ft |
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 | $10,905 | $59,554 | $15,963 | $43,591 |
| 2023 | $10,609 | $55,000 | $12,874 | $42,126 |
| 2022 | $10,609 | $55,000 | $12,874 | $42,126 |
| 2021 | $10,390 | $54,999 | $12,873 | $42,126 |
| 2020 | $11,845 | $56,272 | $5,492 | $50,780 |
| 2019 | $13,721 | $68,291 | $5,492 | $62,799 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Rowland
-
Klopas Stratton Team
Buyer's Agent in 2021
Klopas Stratton Team
Jameson Sotheby's Int'l Realty
(312) 927-0334
17 in this area
614 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11125905
APN: 14-20-327-052-1003
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