Seller's Agent in 2024
Tim Sheahan
Compass
(312) 733-7201
5 in this area
590 Total Sales
1516 S Wabash Ave Unit 607 Chicago, IL 60605
South Loop NeighborhoodEstimated Value: $241,000 - $287,000
1
Bed
1
Bath
--
Sq Ft
$461/mo
HOA Fee
Highlights
- Lock-and-Leave Community
- Wood Flooring
- Elevator
- South Loop Elementary School Rated 9+
- End Unit
- 1-minute walk to Coliseum Park
About This Home
As of June 2024Charming and sun-lit 1BR/1BA loft in the heart of the South Loop. This spacious unit features 11ft ceilings, huge windows, and a balcony overlooking Coliseum Park. Character filled with hardwood floors, exposed brick walls, fireplace, and balcony w/ city views. Additional storage, in home W/D, brand new kitchen appliances. Building features storage lockers, bike storage, fitness room, pet friendly. Close proximity to lakefront, Museum Campus, Northerly Island, city parks, public transit, neighborhood dining and shopping. Exterior parking space included in price.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,405
Year Built
- Built in 1999
Lot Details
- 0.39
HOA Fees
- $461 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- Living Room with Fireplace
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Parking Space
- Uncovered Parking
- Parking Included in Price
Schools
- South Loop Elementary School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
- Cable TV Available
Additional Features
- Balcony
- End Unit
Community Details
Overview
- Association fees include water, tv/cable, exercise facilities, exterior maintenance, scavenger, snow removal
- 76 Units
- Info@Halesinc.Com Association, Phone Number (312) 666-0149
- Property managed by Hales Management
- Lock-and-Leave Community
- 11-Story Property
Amenities
- Elevator
- Package Room
- Community Storage Space
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 29, 2024
Closed on
Jun 1, 2024
Sold by
Venema Rachel M and Venema Cornelis P
Bought by
Molnar-Johnston Samantha
Seller's Agent
Tim Sheahan
Compass
Buyer's Agent
Leila Keene
Baird & Warner
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%
Views
54
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
$3,222
Avg. Annual Appreciation
0.97%
Original Mortgage
$238,500
Outstanding Balance
$235,374
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$32,848
Purchase Details
Closed on
Feb 25, 2008
Sold by
Venema Rachel M
Bought by
Venema Rachel M and Venema Cornelis P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
5.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 5, 2007
Sold by
Vetter Sheila and Hemker Bradd
Bought by
Venema Rachel M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
6.72%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 7, 2005
Sold by
Broyer Marsha
Bought by
Vetter Sheila and Hemker Bradd
Purchase Details
Closed on
Aug 21, 2001
Sold by
Wilcox Jonathan R and Zechiel Dennis G
Bought by
Broyer Marsha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,650
Interest Rate
7.03%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 27, 1999
Sold by
1516 Wabash Associates Inc
Bought by
Wilcox Jonathan R and Zechiel Dennis G
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 |
|---|---|---|---|
| Molnar-Johnston Samantha | $265,000 | Old Republic Title | |
| Venema Rachel M | -- | Ticor | |
| Venema Rachel M | $232,000 | None Available | |
| Vetter Sheila | $237,000 | Cti | |
| Broyer Marsha | $177,000 | -- | |
| Wilcox Jonathan R | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Molnar-Johnston Samantha | $238,500 | |
| Previous Owner | Venema Rachel M | $183,300 | |
| Previous Owner | Venema Rachel M | $185,600 | |
| Previous Owner | Venema Rachel M | $185,600 | |
| Previous Owner | Broyer Marsha | $29,000 | |
| Previous Owner | Boyer Marsha | $175,000 | |
| Previous Owner | Broyer Marsha | $15,000 | |
| Previous Owner | Broyer Marsha | $171,650 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2024 06/07/24 | Sold | $265,000 | -3.6% | -- |
| 03/22/2024 03/22/24 | Pending | -- | -- | -- |
| 02/29/2024 02/29/24 | For Sale | $275,000 | -- | -- |
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 | $4,519 | $20,871 | $2,627 | $18,244 |
| 2023 | $4,405 | $21,349 | $2,114 | $19,235 |
| 2022 | $4,405 | $21,349 | $2,114 | $19,235 |
| 2021 | $4,306 | $21,348 | $2,113 | $19,235 |
| 2020 | $3,907 | $17,537 | $1,736 | $15,801 |
| 2019 | $3,836 | $19,095 | $1,736 | $17,359 |
| 2018 | $3,772 | $19,095 | $1,736 | $17,359 |
| 2017 | $3,423 | $15,902 | $1,434 | $14,468 |
| 2016 | $3,185 | $15,902 | $1,434 | $14,468 |
| 2015 | $2,914 | $15,902 | $1,434 | $14,468 |
| 2014 | $2,553 | $13,759 | $1,283 | $12,476 |
| 2013 | $2,502 | $13,759 | $1,283 | $12,476 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Sheahan
-
Kevin Carey
Seller Co-Listing Agent in 2024
Kevin Carey
Compass
(708) 218-2754
2 in this area
39 Total Sales
-
Leila Keene
Buyer's Agent in 2024
Leila Keene
Baird Warner
(312) 953-6161
1 in this area
52 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11991965
APN: 17-22-106-074-1041
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