Seller's Agent in 2024
Eva Loseth
@ Properties
(312) 768-3952
1 in this area
39 Total Sales
Michaels Terrace 1309 N Wells St Unit 1407 Chicago, IL 60610
Old Town NeighborhoodEstimated Value: $449,000 - $482,000
2
Beds
2
Baths
1,100
Sq Ft
$598/mo
HOA Fee
Highlights
- Wood Flooring
- 5-minute walk to Clark/Division Station
- 1 Car Attached Garage
- Lincoln Park High School Rated A
- Balcony
- Resident Manager or Management On Site
About This Home
As of January 2024This wonderfully bright top floor corner unit 2-bed, 2-bath condo in a highly desirable Old Town location has just been painted, the floors newly refinished, new stainless steel appliances installed, and is move-in ready. The living room features a gas fireplace, floor-to-ceiling windows, and a balcony. There is also an in-unit laundry as a added convenience . It faces north east and has city-wide eastern Chicago stunning skyline views. The property includes it's own parking spot (included in purchase price), a rooftop deck with 360-degree views, full service amenities, a storage locker, and bike room. Come home and enjoy your weekends in the neighborhood in Old Town's superb cafes, dining options, nightlife, grocery stores, and boutiques, are all close by. Public transport and DIVY bikes just minutes away. Welcome home.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475144910 Listed on: 11/14/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,264
Year Built
- Built in 1989
Lot Details
- 0.28
HOA Fees
- $598 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Driveway
- Parking Included in Price
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 1,100 Sq Ft Home
- Gas Log Fireplace
- Entrance Foyer
- Living Room with Fireplace
- Combination Dining and Living Room
- Storage
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, parking, insurance, security, doorman, tv/cable, exterior maintenance, lawn care, scavenger, snow removal
- 80 Units
- Cora Association, Phone Number (773) 572-0880
- Property managed by Westward
- 14-Story Property
Pet Policy
- Pets up to 99 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Storm Screens
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 14, 2023
Closed on
Jan 5, 2024
Sold by
Chicago Trust Company Na
Bought by
Townsend Todd W and Townsend Victoria H
Seller's Agent
Eva Loseth
@properties Christie's International Real Estate
Buyer's Agent
Sherine Azzam
Baird & Warner
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%
Views
142
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
$79,448
Avg. Annual Appreciation
11.46%
Purchase Details
Closed on
Jul 27, 2022
Sold by
Guerrero Herminia
Bought by
Guerrero Herminia
Purchase Details
Closed on
Dec 21, 1994
Sold by
Cosmopolitan Bank & Trust
Bought by
Guerrero Herminia C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
9.24%
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 |
|---|---|---|---|
| Townsend Todd W | $380,000 | Chicago Title | |
| Guerrero Herminia | -- | None Listed On Document | |
| Guerrero Herminia C | $157,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Guerrero Herminia C | $126,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2024 01/12/24 | Sold | $380,000 | -5.0% | $345 / Sq Ft |
| 12/13/2023 12/13/23 | Pending | -- | -- | -- |
| 11/14/2023 11/14/23 | For Sale | $399,900 | -- | $364 / 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 | $8,587 | $43,914 | $5,080 | $38,834 |
| 2023 | $8,342 | $43,000 | $4,090 | $38,910 |
| 2022 | $8,342 | $43,000 | $4,090 | $38,910 |
| 2021 | $8,196 | $42,998 | $4,089 | $38,909 |
| 2020 | $7,888 | $37,377 | $2,862 | $34,515 |
| 2019 | $7,717 | $40,560 | $2,862 | $37,698 |
| 2018 | $7,591 | $40,560 | $2,862 | $37,698 |
| 2017 | $6,401 | $33,109 | $2,290 | $30,819 |
| 2016 | $6,131 | $33,109 | $2,290 | $30,819 |
| 2015 | $5,586 | $33,109 | $2,290 | $30,819 |
| 2014 | $5,125 | $30,192 | $1,840 | $28,352 |
| 2013 | $5,013 | $30,192 | $1,840 | $28,352 |
Source: Public Records
Agents Affiliated with this Home
-
Eva Loseth
-
Sherine Azzam
Buyer's Agent in 2024
Sherine Azzam
Baird Warner
(312) 640-7010
3 in this area
46 Total Sales
About Michaels Terrace
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11928984
APN: 17-04-215-072-1080
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