Seller's Agent in 2022
DeMarcus Hunter
Compass
(773) 531-6163
1 in this area
64 Total Sales
Michaels Terrace 1309 N Wells St Unit 1301 Chicago, IL 60610
Old Town NeighborhoodEstimated Value: $437,000 - $592,000
2
Beds
2
Baths
--
Sq Ft
$594/mo
HOA Fee
Highlights
- Doorman
- 5-minute walk to Clark/Division Station
- Party Room
- Lincoln Park High School Rated A
- Wood Flooring
- Sundeck
About This Home
As of August 2022Buyer got cold feet. Let his loss be your fortune! Welcome home to Michael Terrace Condominiums and this rarely available 2-bedroom / 2-bathroom home with jaw-dropping views in the heart of Wells St in Old Town!!! This stunning condo features diagonal hardwood floors throughout, floor-to-ceiling windows, soft close shaker-style cabinets, washer/dryer combo unit, modern stainless-steel kitchen with breakfast bar, and a balcony with unobstructed views. Relax in the master bathroom's built in steam shower after a long day at work! Prime garage parking spot included in price that ensures no snow removal from the car for the new owner is needed. New furnace and a/c installed in 2018. Blocks away from the restaurants, bars, boutiques, gyms, and schools. Relax in the master bathroom's built in steam shower after a long day at work! The building boasts 24 hour door staff, common roof top deck with panoramic city view, party room, bike room and separate private storage. This building is well managed and has healthy reserves with a very reasonable monthly assessment. No rental cap! Steps to the best shops, restaurants, bars, nightlife and studios/gyms Old Town has to offer. Stones through to the lake, parks and grocery stores as well. This property is truly one of a kind!
Last Buyer's Agent
Jacob Estell
Baird & Warner License #475196995
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,653
Year Built
- Built in 1990 | Remodeled in 2021
Lot Details
- 0.28
HOA Fees
- $594 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Parking Included in Price
Interior Spaces
- Living Room
- Dining Room
- Storage
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- Accessibility Features
- No Interior Steps
Outdoor Features
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- Association fees include water, parking, insurance, doorman, tv/cable, exterior maintenance, scavenger, snow removal, internet
- 80 Units
- Matthew Dorsch Association, Phone Number (773) 572-0880
- High-Rise Condominium
- Property managed by Westward360
- 14-Story Property
Amenities
- Doorman
- Sundeck
- Party Room
- Elevator
- Package Room
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Pet Size Limit
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 7, 2017
Sold by
Gatlinburg Guru Llc
Bought by
Ma Qiao and Zhu Meimeizi
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Outstanding Balance
$260,407
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$237,200
Purchase Details
Listed on
Nov 3, 2016
Closed on
Feb 2, 2017
Sold by
Dma Group Holdings Llc
Bought by
Gatlinburg Guru Llc
Seller's Agent
Rubina Bokhari
Compass
Buyer's Agent
Jeffrey Proctor
@properties Christie's International Real Estate
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.73%
Purchase Details
Closed on
Feb 21, 2012
Sold by
Chicago Title Land Trust Company
Bought by
Dma Group Holdings Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ma Qiao | $425,000 | Proper Title Llc | |
| Gatlinburg Guru Llc | $250,000 | Fidelity National Title | |
| Dma Group Holdings Llc | -- | Chicago Title Land Trust Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ma Qiao | $318,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/26/2022 08/26/22 | Sold | $435,000 | 0.0% | -- | |
| 08/12/2022 08/12/22 | Pending | -- | -- | -- | |
| 08/07/2022 08/07/22 | For Sale | $435,000 | 0.0% | -- | |
| 08/03/2022 08/03/22 | For Sale | $435,000 | 0.0% | -- | |
| 08/01/2022 08/01/22 | Pending | -- | -- | -- | |
| 07/20/2022 07/20/22 | For Sale | $435,000 | -56.5% | -- | |
| 02/06/2017 02/06/17 | Sold | $1,000,000 | -13.0% | $238 / Sq Ft | View Prior Sale |
| 01/07/2017 01/07/17 | Pending | -- | -- | -- | |
| 01/03/2017 01/03/17 | Price Changed | $1,150,000 | -8.0% | $274 / Sq Ft | |
| 11/03/2016 11/03/16 | For Sale | $1,250,000 | -- | $298 / 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 | $8,371 | $42,714 | $4,941 | $37,773 |
| 2023 | $8,131 | $42,000 | $3,978 | $38,022 |
| 2022 | $8,131 | $42,000 | $3,978 | $38,022 |
| 2021 | $7,990 | $41,999 | $3,978 | $38,021 |
| 2020 | $7,653 | $36,356 | $2,784 | $33,572 |
| 2019 | $7,486 | $39,451 | $2,784 | $36,667 |
| 2018 | $8,066 | $39,451 | $2,784 | $36,667 |
| 2017 | $6,933 | $32,204 | $2,227 | $29,977 |
| 2016 | $6,450 | $32,204 | $2,227 | $29,977 |
| 2015 | $5,901 | $32,204 | $2,227 | $29,977 |
| 2014 | $5,449 | $29,367 | $1,790 | $27,577 |
| 2013 | $5,341 | $29,367 | $1,790 | $27,577 |
Source: Public Records
Agents Affiliated with this Home
-
DeMarcus Hunter
-
Michael Kang
Seller Co-Listing Agent in 2022
Michael Kang
Coldwell Banker Realty
(773) 344-0738
1 in this area
100 Total Sales
-
J
Buyer's Agent in 2022
Jacob Estell
Baird Warner
-
Rubina Bokhari
Seller's Agent in 2017
Rubina Bokhari
Compass
(847) 691-5055
5 in this area
172 Total Sales
-
Jeffrey Proctor
Buyer's Agent in 2017
Jeffrey Proctor
@ Properties
(773) 517-6026
6 in this area
203 Total Sales
About Michaels Terrace
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11463413
APN: 17-04-215-072-1066
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