NOT LISTED FOR SALE

1340 W Melrose St Chicago, IL 60657

Lakeview Neighborhood

Estimated Value: $2,093,709 - $2,596,000

5 Beds
4 Baths
4,750 Sq Ft
$492/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $1,610,000 $339 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $14,990/month

17 Days on Market

Highlights

  • Rooftop Deck
  • 4-minute walk to Southport Station
  • Vaulted Ceiling
  • Augustus H. Burley Elementary School Rated A-
  • Recreation Room
  • 4-minute walk to Margaret Donahue Park

About This Home

As of September 2020

Massive four story south facing single family home in the heart of Southport Corridor! Set on a charmed tree-lined street in the Burley school district, this 5 bedroom, 3.5 bathroom has amazing ceiling height throughout, laundry on two floors, an oversized remodeled eat-in kitchen that has luxury touches such as new backsplash, Quartz counters, oversized island, touchless sink, touchless hot water faucet, luxury WOLF/SubZero appliances, & a wine fridge. The generously sized master bedroom includes a fireplace & two closets, one a walk-in & both with custom cabinetry. A recently renovated master bath offers custom cabinetry, heated flooring, & an oversize air-jetted soaking tub. The lower level includes a third living space/home theater with a new ultra projector & drop-down screen, wet bar, 2 bedrooms/full bath, mudroom, & utility rooms. The 32x18 fourth level oasis is such a rare find: an open lounge/recreational room with another wet bar completely bathed in natural light from 10'3" ceilings, vaulted skylights, & a deck with gorgeous Chicago views. Property includes a detached & heated 2.5 car garage. Front facade has new windows, newly grouted/painted limestone, 6' security fence, electronic gates, turf in front yard & on putting green in backyard. The roofdeck over the garage recently redone with all the finest materials, the home & garage new roof (2018), exterior has been sealed as well as a high end waterproofing membrane with a 10-15 year life expectancy. Built by acclaimed Paul Peterson in 2001. These owners updated this home as if it was their forever home but are now moving to be closer to family. Priced to sell so don't miss out!

Last Agent to Sell the Property

Tawnya McVicker

Keller Williams ONEChicago License #475119548 Listed on: 07/23/2020

Keller Williams ONEChicago

Last Buyer's Agent

Paul Gorney

eXp Realty License #475153053

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,426

Year Built

  • 2001

Lot Details

  • Southern Exposure
  • East or West Exposure

Parking

  • Detached Garage
  • Garage ceiling height seven feet or more
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Rubber Roof
  • Block Exterior
  • Limestone

Interior Spaces

  • Wet Bar
  • Bar Fridge
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Mud Room
  • Breakfast Room
  • Recreation Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Cooktop
  • Microwave
  • High End Refrigerator
  • Bar Refrigerator
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

  • Exterior Basement Entry
  • Finished Basement Bathroom

Utilities

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

Additional Features

  • North or South Exposure
  • Rooftop Deck
  • Property is near a bus stop

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,426

Year Built

2001

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • General Information: Commuter Bus, Commuter Train
  • Age: 16-20 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 4
  • Ownership: Fee Simple
  • Square Footage Comments: Buyer to confirm square footage
  • Total Full or Half Bathrooms: 3.1
  • Type Detached: 3 Stories
  • Estimated Year Built: 2001
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2001

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Wet, Hardwood Floors, 2nd Floor Laundry
  • Number Of Rooms: 11
  • Living Room: Dimensions: 19X12, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Microwave, Dishwasher, High End Refrigerator, Refrigerator-Bar, Freezer, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Wine Cooler/Refrigerator, Cooktop
  • Equipment: Humidifier, Security System, CO Detectors, Ceiling Fan, Sump Pump
  • Fireplace Details: Wood Burning, Gas Logs, Gas Starter
  • Fireplace Location: Family Room, Living Room, Master Bedroom, Basement
  • Basement: Finished, Exterior Access
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Below Grade Bedrooms: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Steam Shower, Double Sink
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 6X3, On Level: 2nd Level, Flooring: Ceramic Tile
  • Dining Room: Dimensions: 15X12, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 16X9, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Pantry-Closet
  • Additional Rooms: Breakfast Room, 5th Bedroom, Recreation Room, Deck, Mud Room, Deck, Walk In Closet
  • Master Bedroom: Dimensions: 19X17, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Breakfast Rm, Dimensions: 14X6, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: 5th Bdrm, Dimensions: 14X11, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 19X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 3 Name: Recreation Rm, Dimensions: 32X18, On Level: 3rd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 12X11, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 4 Name: Recreation Rm, Dimensions: 24X18, On Level: Basement, Flooring: Carpet
  • Bedroom 4: Dimensions: 11X11, On Level: Basement, Flooring: Carpet
  • Additional Room 5 Name: Deck, Dimensions: 23X11, On Level: Main Level
  • Additional Room 6 Name: Mud, Dimensions: 7X4, On Level: Basement, Flooring: Ceramic Tile
  • Additional Room 9 Name: Deck, Dimensions: 19X17, On Level: 3rd Level
  • Additional Room 10 Name: Walk in Closet, Dimensions: 8X6, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 4750
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 15X14, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: Standard Chicago Lot
  • Exterior Building Type: Brick, Block, Limestone
  • Roof Type: Asphalt/Glass (Shingles), Rubber
  • Exterior Property Features: Deck, Roof Deck
  • Exposure: N (North), S (South), E (East), W (West)
  • Acreage: 0.0729

Garage/Parking

  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s), Heated, 7 Foot or more high garage door
  • Garage On Site: Yes
  • Number Garage Spaces: 2.5
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air, Zoned
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air, Zoned

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25 X 126.5
  • Parcel Identification Number: 14203260240000

Tax Info

  • Taxes: 27229.07

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Sep 9, 2020
Sold by
Bostic Julian and Bostic Genevieve
Bought by
Eversley Marc and Delvecchio Jennifer
Seller's Agent
Tawnya McVicker
Keller Williams ONEChicago
Buyer's Agent
Paul Gorney
eXp Realty
List Price
$1,639,900
Sold Price
$1,610,000
Premium/Discount to List
-$29,900
-1.82%
Current Estimated Value
$2,335,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$725,927
Avg. Annual Appreciation
7.56%
Original Mortgage
$1,207,500
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2017
Sold by
Bakal Edward and Bakal Ellen Andrea
Bought by
Bostic Julian and Bostic Genevieve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2001
Sold by
Chameleon Properties Llc
Bought by
Mcfarland John and Paul Petersen Inc

Purchase Details

Closed on
Sep 25, 2000
Sold by
Ohara Terrence M
Bought by
Chameleon Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,432,848
Interest Rate
10.5%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 20, 2000
Sold by
Ohara Terrence M and Ohara Sally B
Bought by
Ohara Terrence M and Terrence M Ohara Declaration Of Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,432,848
Interest Rate
10.5%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Eversley Marc $1,610,000 Chicago Title
Bostic Julian $1,500,000 First American Title Insuran
Mcfarland John -- Chicago Title Insurance Co
Chameleon Properties Llc $410,000 --
Ohara Terrence M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eversley Marc $1,207,500
Previous Owner Bostic Julian $200,000
Previous Owner Chameleon Properties Llc $1,432,848
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2020 09/17/20 Sold $1,610,000 -1.8% $339 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $1,639,900 -- $345 / 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 $32,426 $181,000 $59,055 $121,945
2023 $31,589 $157,000 $47,625 $109,375
2022 $31,589 $157,000 $47,625 $109,375
2021 $31,571 $157,000 $47,625 $109,375
2020 $27,776 $124,684 $20,320 $104,364
2019 $27,229 $135,527 $20,320 $115,207
2018 $29,630 $150,000 $20,320 $129,680
2017 $24,418 $116,806 $17,780 $99,026
2016 $22,895 $116,806 $17,780 $99,026
2015 $20,924 $116,806 $17,780 $99,026
2014 $20,103 $110,918 $14,605 $96,313
2013 $19,695 $110,918 $14,605 $96,313
Source: Public Records

Agents Affiliated with this Home

  • Tawnya McVicker

    Seller's Agent in 2020

    Tawnya McVicker

    Keller Williams ONEChicago

    (312) 498-8822

    61 Total Sales

    Tawnya McVicker
    Section Image
  • Paul Gorney

    Buyer's Agent in 2020

    Paul Gorney

    eXp Realty

    (773) 914-0023

    1 in this area

    109 Total Sales

    Paul Gorney
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10793085

Midwest Real Estate Data (MRED)

APN: 14-20-326-024-0000

Illinois Cook County Chicago 60657 Lakeview

1340 W Melrose St, Chicago, IL

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