$535,000
SOLD MAR 7, 2016

1242 S Federal St Unit C Chicago, IL 60605

Dearborn Park Neighborhood
2 Beds
2 Baths
1,800 Sq Ft
$275/mo HOA Fee

Recently Sold

$297 Per Sq Ft

3% Below List Price

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Stainless Steel Appliances
  • Property is near a park
  • Whirlpool Bathtub
  • 2-minute walk to Mary Richardson Jones Park

About This Home

As of May 2021

Renovated 1800 SF DP II townhome across from Park. Tons of light, open floor plan and upgraded kitchens & baths. Deck off kitchen & large landscaped yard. Home has been extensively rehabbed: kitchens/baths, HDWD flooring on 1st & 2nd level & stairs, custom cabinetry & more. Open living/dining room overlooks park & features marble surround fireplace with built-in cabinetry enclosing & mounted flat-screen TV. Custom designed & built chef's kitchen features an abundance of cabinets, SS appliances, granite counters & under mount sink. Washer/dryer also conveniently located in kitchen. Kitchen opened to living/dining room during remodel, creating a roomy feel for the entire 2nd floor. Skylights on third level allow for extra light in this well designed home. Garage includes additional storage space plus parking for one car. Tranquil setting yet walking distance to Loop, CTA, lakefront, fine dining & shopping. Close to museums & top ranked South Loop Elementary School. Fantastic Park View.

Last Agent to Sell the Property

William Wenthen

WDW Properties License #471011236 Listed on: 01/14/2016

Last Buyer's Agent

Mark Kowalik

Baird & Warner License #475164941

Baird & Warner

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,066

Year Built

  • 1992

Lot Details

  • East or West Exposure
  • Fenced Yard

HOA Fees

  • $275 per month

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Skylights
  • Wood Burning Fireplace
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near a park

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $3,500 Seller Concession

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,066

Year Built

1992

Lot Details

0

HOA Fees

$275 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Recent Rehab: Yes
  • Unit Floor Level: 1
  • Age: 21-25 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple w/ HO Assn.
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1992
  • Tax Exemptions: Homeowner
  • Type Attached: T3-Townhouse 3+ Stories
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3
  • Year Built: 1992

Interior Features

  • Interior Property Features: Skylight(s), Hardwood Floors, Laundry Hook-Up in Unit
  • Number Of Rooms: 6
  • Living Room: Dimensions: 10X14, On Level: 2nd Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
  • Equipment: Humidifier, TV-Cable, Security System, Ceiling Fan
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 13X12, On Level: 2nd Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 13X9, On Level: 2nd Level, Flooring: Hardwood
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 14X11, On Level: 3rd Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 14X9, On Level: 3rd Level, Flooring: Carpet
  • Estimated Sq Ft: 1800
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 14X16, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Exterior Property Features: Deck, Patio, Storms/Screens
  • Exposure: E (East), W (West), Park

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • 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: 99
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 275
  • Management Contact Name: Linda Ivery
  • Management Phone: 312-944-2611

Fee Information

  • Management Company: Legume & Norman

Schools

  • School District: 299
  • Elementary School: South Loop Elementary School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Fenced Yard, Park Adjacent
  • Parcel Identification Number: 17212112550000

Multi Family

  • Total Number Unitsin Building: 114
  • Number Stories: 3

Tax Info

  • Taxes: 6506.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2021
Closed on
May 4, 2021
Sold by
Glover Jonathan and Glover Robin
Bought by
Beh Jeremy
Seller's Agent
Mark Kowalik
Baird & Warner
Buyer's Agent
Tony Hanas
Coldwell Banker Realty
List Price
$609,900
Sold Price
$600,000
Premium/Discount to List
-$9,900
-1.62%
Current Estimated Value
$696,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,519
Avg. Annual Appreciation
2.74%
Original Mortgage
$480,000
Outstanding Balance
$439,717
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$233,400

Purchase Details

Listed on
Jan 14, 2016
Closed on
Mar 4, 2016
Sold by
Parrish Priya and Parrish Rebecca
Bought by
Glover Robin and Glover Jonathan
Seller's Agent
William Wenthen
WDW Properties
Buyer's Agent
Mark Kowalik
Baird & Warner
List Price
$549,000
Sold Price
$535,000
Premium/Discount to List
-$14,000
-2.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.24%
Original Mortgage
$508,250
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 25, 2011
Sold by
Staudacher Edward and Staudacher Cassandra
Bought by
Parrish Priya and Parrish Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2003
Sold by
Gaffney Noelle M
Bought by
Staudacher Edward and Staudacher Cassandra

Purchase Details

Closed on
Mar 9, 1994
Sold by
First Chicago Trust Company Of Illinois
Bought by
Gaffney Noelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $600,000 Baird & Warner Ttl Svcs Inc
Warranty Deed $535,000 Attorney
Warranty Deed $435,000 Chicago Title Insurance Co
Deed $395,000 Cti
Trustee Deed $116,333 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $480,000 New Conventional
Previous Owner $508,250 Adjustable Rate Mortgage/ARM
Previous Owner $336,000 New Conventional
Previous Owner $348,000 New Conventional
Previous Owner $348,000 New Conventional
Previous Owner $230,500 Unknown
Previous Owner $198,900 Unknown
Previous Owner $35,000 Credit Line Revolving
Previous Owner $80,000 Credit Line Revolving
Previous Owner $160,100 Unknown
Previous Owner $170,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $600,000 -1.6% $333 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $609,900 +14.0% $339 / Sq Ft
03/07/2016 03/07/16 Sold $535,000 -2.6% $297 / Sq Ft
01/20/2016 01/20/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $549,000 -- $305 / 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 $12,066 $59,029 $21,785 $37,244
2023 $11,761 $57,000 $17,528 $39,472
2022 $11,761 $57,000 $17,528 $39,472
2021 $10,825 $57,000 $17,528 $39,472
2020 $9,446 $45,504 $14,398 $31,106
2019 $9,248 $49,461 $14,398 $35,063
2018 $9,092 $49,461 $14,398 $35,063
2017 $9,621 $48,066 $11,894 $36,172
2016 $9,127 $48,066 $11,894 $36,172
2015 $8,327 $48,066 $11,894 $36,172
2014 $6,506 $37,636 $10,642 $26,994
2013 $6,367 $37,636 $10,642 $26,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09116524

Midwest Real Estate Data (MRED)

APN: 17-21-211-255-0000