NOT LISTED FOR SALE

1283 W Lake St Unit 305 Addison, IL 60101

Estimated Value: $324,000 - $370,000

3 Beds
2.5 Baths
1,876 Sq Ft
$402/mo HOA Fee

Last Sold August 01, 2022

Last sale price $300,000 $160 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,736/month

3 Days on Market

Highlights

  • Penthouse
  • Lock-and-Leave Community
  • Loft
  • Waterfront
  • Main Floor Bedroom
  • Covered patio or porch

About This Home

As of August 2022

Enormous 2-story PRESTIGIOUS PENTHOUSE CONDO! This 1,800 Plus square foot Home Sparkles w/an Open Floor Plan! Gourmet Kitchen w/42" Brazilian Cherry Cabinets, Breakfast Bar & Pantry, quiet Dishwasher, microwave oven, under cabinet lighting and more extra to see. Huge 3 Bedroom and 2 1/2 Baths. Perfect for Anyone: Singles, Retirees or Couples. Extra Quiet and Safe Large unit at 1800 SF Plus. Remodeled Luxury! 1st Floor Open Floor Plan with lovely feeling of space with Tall Ceilings, elegant Hardwood floors throughout with best sound proofing of premium underlay, Ceramic flooring Foyer, and Baths room, Custom window Cellular Shades Top Down to Bottom Up style throughout. Closets with large walk-in and professionally updated. 2nd Floor is a Quiet Private Third Bedroom Suite, Bedroom and Sitting or Home Office area and 3rd Bath. Multiple ceiling fans, 2 remotes. Large 3rd Floor Deck, Enjoy the best Balcony views of gorgeous trees and lush quiet greenery. A welcoming gazebo, walkway also conveniently located and have pond lighted fountains. Elevator access to unit. Private laundry area within unit professional shelving. Other Amenities: Sprinkler system for extra safety, Master Bedroom Org Closets, Underground heated parking with storage area. Professionally Colored Paint throughout. Condo shares few walls with neighbors, so very quiet. Location Location Location, close to movie theater and restaurants !!! Easy access to expressways. Come take a look!!

Last Agent to Sell the Property

Alan Lau

Baird & Warner License #475133948 Listed on: 07/01/2022

Baird & Warner

Last Buyer's Agent

Joyce Fedele

@properties Christie's International Real Estate License #475169598

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,480

Year Built

  • Built in 2004

Lot Details

  • Waterfront

HOA Fees

  • $402 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Penthouse

Interior Spaces

  • 1,876 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Living Room
  • Formal Dining Room
  • Loft
  • Intercom

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • Soaking Tub

Laundry

  • Laundry Room
  • Laundry on main level
  • Laundry in Bathroom
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony
  • Covered patio or porch

Schools

  • Stone Elementary School
  • Indian Trail Junior High School
  • Addison Trail High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include parking, insurance, tv/cable, exterior maintenance, lawn care, scavenger, snow removal
  • 18 Units
  • Michelle Association, Phone Number (630) 351-5600
  • Lakeview Place Subdivision
  • Property managed by Dandre
  • Lock-and-Leave Community

Amenities

  • Laundry Facilities
  • Community Storage Space
  • Elevator

Pet Policy

  • Pets up to 30 lbs
  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,480

Year Built

Built in 2004

Lot Details

0

HOA Fees

$402 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Penthouse
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: Condo,Penthouse
  • Subdivision Name: Lakeview Place
  • Year Built: 2004
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Range Hood, Intercom
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Elevator, First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 1876
  • Other Equipment: Intercom, Fire Sprinklers, Ceiling Fan(s)
  • Room Type: Loft
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Door Features: Sliding Doors
  • Window Features: Blinds,Curtains/Drapes,Window Treatments

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 325000
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Unassigned
  • ParkingTotal: 10
  • Number of Cars: 11
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit, In Bathroom, Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 402
  • Association Amenities: Elevator(s), Storage, On Site Manager/Engineer, Security Door Lock(s), Ceiling Fan, Laundry, Covered Porch, Elevator(s), Private Laundry Hkup
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Dandre
  • Management Contact Name: Michelle
  • Management Phone: 630-351-5600
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Parking, Insurance, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Stone Elementary School
  • High School: Addison Trail High School
  • Middle/Junior School: Indian Trail Junior High School
  • Middle/Junior School District: 4

Lot Info

  • Lot Dimensions: 1
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 30

Tax Info

  • Tax Annual Amount: 4479.5
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Jul 29, 2022
Sold by
Declaration Of Trust
Bought by
Sas Living Trust
Seller's Agent
Alan Lau
Baird & Warner
Buyer's Agent
Joyce Fedele
@properties Christie's International Real Estate
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Total Days on Market
3
Current Estimated Value
$352,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,957
Avg. Annual Appreciation
5.53%

Purchase Details

Listed on
Mar 30, 2016
Closed on
Jun 2, 2016
Sold by
Liberio Frank D
Bought by
Sunich Mary A and Trust #101
Seller's Agent
Angie Corcione
Fulton Grace Realty
Buyer's Agent
Mary Bremer
RE/MAX Suburban
List Price
$209,000
Sold Price
$199,500
Premium/Discount to List
-$9,500
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%

Purchase Details

Closed on
Oct 16, 2008
Sold by
Liberio Frank
Bought by
Liberio Frank D and Frank D Liberio Trust

Purchase Details

Closed on
Dec 27, 2006
Sold by
Heick Steven and Heick Ariana
Bought by
Liberio Frank

Purchase Details

Closed on
Jul 19, 2004
Sold by
Lake Lombard Llc
Bought by
Heick Steven and Heick Ariana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Sas Living Trust $300,000 First American Title
Sunich Mary A $199,500 Old Republic Title
Liberio Frank D -- None Available
Liberio Frank $247,000 C T I C Dupage
Heick Steven $232,500 Ctic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heick Steven $174,000
Closed Heick Steven $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Sold $300,000 -7.7% $160 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $325,000 +62.9% $173 / Sq Ft
06/03/2016 06/03/16 Sold $199,500 -4.5% $111 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $209,000 -- $116 / 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
2023 $4,505 $77,200 $3,730 $73,470
2022 $4,683 $69,580 $3,360 $66,220
2021 $4,312 $66,650 $3,220 $63,430
2020 $4,350 $63,840 $3,080 $60,760
2019 $4,312 $61,380 $2,960 $58,420
2018 $4,144 $57,050 $2,960 $54,090
2017 $4,028 $54,530 $2,830 $51,700
2016 $2,215 $50,340 $2,610 $47,730
2015 $4,347 $46,500 $2,410 $44,090
2014 $3,811 $46,500 $2,410 $44,090
2013 $3,738 $47,450 $2,460 $44,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11451964

Midwest Real Estate Data (MRED)

APN: 03-19-214-161