NOT LISTED FOR SALE

1429 N Wells St Unit 405 Chicago, IL 60610

Old Town Neighborhood

Estimated Value: $611,087 - $769,000

2 Beds
2 Baths
1,319 Sq Ft
$579/mo HOA Fee

Last Sold June 28, 2024

Last sale price $717,500 $544 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,269/month

8 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Stainless Steel Appliances
  • Lincoln Park High School Rated A
  • Elevator
  • Balcony

About This Home

As of June 2024

Welcome home to this rarely available TURN KEY 2 bed/2 bath haven in a boutique elevator building nestled in the heart of Old Town! Meticulously updated and maintained, this home boasts a true foyer, a sunlit open concept floor plan with 9' ceilings, and gleaming hardwood floors throughout. The chef's kitchen is a dream with its white shaker cabinets, quartz countertops and backsplash, and a generously sized breakfast bar. Enjoy the convenience of a built-in beverage center complete with a wine fridge and wine rack perfectly situated next to the designated dining space. Unwind in the cozy living room with electric blinds, centered around a gas fireplace surrounded by built-ins. Private balcony right off of the living room perfect for grilling or savoring a morning coffee. The primary suite is a retreat with two custom-built out closets and a newly remodeled ensuite bath featuring a stunning stand-up shower, double sinks, marble tile, and a built-in makeup vanity. Spacious second bedroom with custom closets and updated second bath with a shower/tub combo, new vanity, tile, and fixtures, cater to comfort and style. Added conveniences include a stackable washer/dryer and two expansive front-entry storage closets. Parking is a breeze with an attached heated garage spot along with a storage cage, and the building has the Butterfly Intercom system for added security. This condo offers the ultimate blend of luxury, comfort, and convenience in the most sought-after location in Old Town just steps to the park, North Ave. Beach, boutiques, restaurants, nightlife, Second City, 24-hr. Starbucks, farmer's market, zoo, CTA buses, train, and more!

Last Agent to Sell the Property

Ashley Leavitt

Compass License #475164626 Listed on: 05/15/2024

Compass

Last Buyer's Agent

Eugene Fu

@properties Christie's International Real Estate License #475133483

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,508

Year Built

  • Built in 2001

Lot Details

  • 0.3

HOA Fees

  • $579 Monthly HOA Fees

Parking

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

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,319 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring
  • Intercom

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Dryer
  • Washer

Schools

  • Manierre Elementary School
  • Lincoln Park High School

Utilities

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

Additional Features

  • Balcony
  • Additional Parcels

Community Details

Overview

  • Association fees include water, parking, insurance, security, exterior maintenance, scavenger, snow removal
  • 30 Units
  • Jonathan Poremba Association, Phone Number (312) 335-1950
  • Property managed by First Service Residential
  • 7-Story Property

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,508

Year Built

Built in 2001

Lot Details

0

HOA Fees

$579 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2001
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Built-in Features, Ceiling - 9 Foot, Open Floorplan
  • LivingArea: 1319
  • Other Equipment: Humidifier, Intercom, CO Detectors
  • Room Type: No additional rooms
  • Stories Total: 7
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens
  • List Price: 724900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 579
  • Association Amenities: Elevator(s), Storage
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Service Residential
  • Management Contact Name: JONATHAN POREMBA
  • Management Phone: 312-335-1950
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Security, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Elementary School: Manierre Elementary School
  • High School: Lincoln Park High School
  • Middle/Junior School: Manierre Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels Description: 17042050681042
  • Additional Parcels: Yes
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: NO

Tax Info

  • Tax Annual Amount: 11507.8
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 27, 2024
Sold by
Schultz Lauren T
Bought by
Tutkovics Brian and Tutkovics Julie
Seller's Agent
Ashley Leavitt
Compass
Buyer's Agent
Eugene Fu
@properties Christie's International Real Estate
List Price
$724,900
Sold Price
$717,500
Premium/Discount to List
-$7,400
-1.02%
Views
2
Current Estimated Value
$685,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,914
Avg. Annual Appreciation
-3.95%

Purchase Details

Listed on
May 3, 2020
Closed on
Jun 9, 2020
Sold by
Hyde Tinka
Bought by
Schultz Lauren T
Seller's Agent
Monique Crossan
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Ashley Leavitt
Compass
List Price
$585,000
Sold Price
$580,000
Premium/Discount to List
-$5,000
-0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$464,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2014
Closed on
Mar 20, 2014
Sold by
Fath Lindsay C and Everest Robert
Bought by
Hyde Tinka S
Seller's Agent
Jeffrey Lowe
Compass
Buyer's Agent
Amy Andreas
RE/MAX Excels
List Price
$549,000
Sold Price
$552,500
Premium/Discount to List
$3,500
0.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.78%
Original Mortgage
$414,375
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2006
Sold by
Wellehan John T and Wellehan Lynn
Bought by
Fath Lindsay C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,485
Interest Rate
6.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2001
Sold by
1429 North Wells Llc
Bought by
Wellehan John T and Pappas Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.75%
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
Tutkovics Brian $717,500 None Listed On Document
Schultz Lauren T $580,000 Chicago Title
Hyde Tinka S $552,500 --
Fath Lindsay C $523,000 Ctic
Wellehan John T $389,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schultz Lauren T $464,000
Previous Owner Hyde Tinka S $414,375
Previous Owner Fath Lindsay C $304,485
Previous Owner Wellehan John T $250,000
Previous Owner Wellehan John T $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $717,500 -1.0% $544 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $724,900 +25.0% $550 / Sq Ft
06/15/2020 06/15/20 Sold $580,000 -0.9% $446 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
05/03/2020 05/03/20 For Sale $585,000 +5.9% $450 / Sq Ft
03/20/2014 03/20/14 Sold $552,500 +0.6% --
01/25/2014 01/25/14 Pending -- -- --
01/08/2014 01/08/14 For Sale $549,000 -- --
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 $11,226 $58,771 $11,056 $47,715
2023 $10,935 $51,881 $9,003 $42,878
2022 $10,935 $51,881 $9,003 $42,878
2021 $10,719 $51,879 $9,002 $42,877
2020 $10,068 $46,849 $6,231 $40,618
2019 $9,855 $50,849 $6,231 $44,618
2018 $9,694 $50,849 $6,231 $44,618
2017 $9,047 $43,868 $4,984 $38,884
2016 $8,602 $43,868 $4,984 $38,884
2015 $7,858 $43,868 $4,984 $38,884
2014 $7,304 $40,383 $4,005 $36,378
2013 $7,157 $40,383 $4,005 $36,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12055073

Midwest Real Estate Data (MRED)

APN: 17-04-205-068-1015