NOT LISTED FOR SALE

Optima Towers 1580 Sherman Ave Unit 503 Evanston, IL 60201

Downtown Evanston Neighborhood

Estimated Value: $313,143 - $407,000

1 Bed
1 Bath
-- Sq Ft
$476/mo HOA Fee

Last Sold September 05, 2018

Last sale price $252,500

Est. 38% increase in value since last sale

Current estimated payment $2,709/month

67 Days on Market

Highlights

  • Landscaped Professionally
  • 3-minute walk to Davis Station
  • Terrace
  • Dewey Elementary School Rated A
  • Corner Lot
  • 1-minute walk to Fountain Square

About This Home

As of September 2018

Heart of Evanston with bird's eye view of Fountain Square from your own private landscaped terrace! Featured upgrades: brand new carpet, Miele washer/dryer, Elfa closet systems, European soaking tub, and stainless kitchen appliances. Generous master bedroom and great storage. Radiant floor heat & two sliders to the outdoor area make this an entertainer/gardener's delight! Be the only 1 bedroom w/ this feature. Pool, high security bldg, jacuzzi, exercise room. Parking space 22 and storage locker 7 included.

Last Agent to Sell the Property

Stacy Karel

@properties Christie's International Real Estate License #475131043 Listed on: 05/31/2018

@properties Christie's International Real Estate

Last Buyer's Agent

Karla Thomas

Urb & Burb Realty License #471018127

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,824

Year Built

  • 2001

Lot Details

  • East or West Exposure
  • Landscaped Professionally

HOA Fees

  • $476 per month

Parking

  • Attached Garage
  • Parking Included in Price

Home Design

  • Slab Foundation
  • Concrete Siding

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Patio
  • Terrace

Location

  • Property is near a bus stop
  • City Lot

Utilities

  • Central Air
  • Heating System Uses Gas
  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • Storage
  • North or South Exposure

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,824

Year Built

2001

Lot Details

0

HOA Fees

$476 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • General Information: Commuter Bus, Commuter Train
  • Unit Floor Level: 5
  • Age: 16-20 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 2001
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 13
  • Year Built: 2001

Interior Features

  • Interior Property Features: Elevator, Storage
  • Number Of Rooms: 4
  • Living Room: Dimensions: 15X12, On Level: Main Level, Flooring: Carpet
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Equipment: TV-Cable, Security System, Intercom
  • Bedrooms All Levels: 1
  • Above Grade Bedrooms: 1
  • Dining Room: Dimensions: 10X10, On Level: Main Level, Flooring: Carpet, Windows: None
  • Kitchen Type: Dimensions: 14X09, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Terrace
  • Master Bedroom: Dimensions: 16X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Terrace, Dimensions: 29X22, On Level: Main Level, Flooring: Other, Windows: None
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Glass, Concrete
  • Exterior Property Features: Patio, Storms/Screens
  • Exposure: N (North), E (East), City

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes

Utilities

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

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Elevator, Exercise Room, Storage, Pool-Indoors, Security Door Locks
  • Assessment Includes: Heat, Water, Parking, Common Insurance, Security, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 476
  • Management Contact Name: Jennifer Armistead
  • Management Phone: 999-999-9999

Fee Information

  • Management Company: The Building Group

Schools

  • School District: 202
  • Elementary School: DEWEY ELEMENTARY SCHOOL
  • Middle School: NICHOLS MIDDLE SCHOOL
  • High School: EVANSTON TWP HIGH SCHOOL
  • Junior High Dist: 65

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Corner, Landscaped Professionally
  • Parcel Identification Number: 11183110431018

Multi Family

  • Total Number Unitsin Building: 105
  • Number Stories: 13

Tax Info

  • Taxes: 4933.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2018
Closed on
Aug 22, 2018
Sold by
Sultan Eric and Sultan Bradley
Bought by
Walstad Gunilla
Seller's Agent
Stacy Karel
@properties Christie's International Real Estate
Buyer's Agent
Karla Thomas
Urb & Burb Realty
List Price
$299,000
Sold Price
$252,500
Premium/Discount to List
-$46,500
-15.55%
Current Estimated Value
$349,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,176
Avg. Annual Appreciation
4.49%

Purchase Details

Closed on
Jul 5, 2016
Sold by
Berstein Shellie H
Bought by
Declaration Berstein Shellie R and Declaration Shellie R Berstein

Purchase Details

Closed on
Jun 22, 2007
Sold by
Lee Wang
Bought by
Bernstein Shellie R

Purchase Details

Closed on
Mar 9, 2005
Sold by
Hermann Nancy S and Alford H Hermann Family Trust
Bought by
Lee Wang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,250
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2002
Sold by
Optima Center Evanston Ltd Partnership
Bought by
Zechmeister Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,962
Interest Rate
7.13%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walstad Gunilla $252,500 Saturn Title Llc
Declaration Berstein Shellie R -- None Available
Bernstein Shellie R $285,000 Cti
Lee Wang $251,000 Atg Search
Zechmeister Daniel $196,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Wang $26,000
Previous Owner Lee Wang $188,250
Previous Owner Zechmeister Daniel $182,962
Closed Lee Wang $50,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2018 09/05/18 Sold $252,500 +1.0% --
08/06/2018 08/06/18 Pending -- -- --
07/24/2018 07/24/18 Price Changed $250,000 -9.1% --
06/25/2018 06/25/18 Price Changed $274,900 -8.1% --
05/31/2018 05/31/18 For Sale $299,000 -- --
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 $3,824 $22,976 $463 $22,513
2023 $3,944 $22,976 $463 $22,513
2022 $3,944 $24,758 $463 $24,295
2021 $4,388 $22,528 $305 $22,223
2020 $4,437 $22,528 $305 $22,223
2019 $5,773 $24,638 $305 $24,333
2018 $5,083 $21,989 $259 $21,730
2017 $4,967 $21,989 $259 $21,730
2016 $4,933 $21,989 $259 $21,730
2015 $4,330 $18,772 $208 $18,564
2014 $4,400 $18,772 $208 $18,564
2013 $4,286 $18,772 $208 $18,564
Source: Public Records

Agents Affiliated with this Home

  • Stacy Karel

    Seller's Agent in 2018

    Stacy Karel

    @ Properties

    (312) 933-5819

    34 Total Sales

    Section Image
  • Karla Thomas

    Buyer's Agent in 2018

    Karla Thomas

    Urb & Burb Realty

    (773) 505-1121

    61 Total Sales

    Section Image
See All Agents

About Optima Towers

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09968671

Midwest Real Estate Data (MRED)

APN: 11-18-311-043-1018

Illinois Cook County Evanston 60201 Downtown Evanston

1580 Sherman Ave Unit 503, Evanston, IL

This home is located at 1580 Sherman Ave Unit 503, Evanston, IL 60201 since 31 May 2018 and is currently estimated at $356,036. This property was built in 2001. 1580 Sherman Ave Unit 503 is a home located in Cook County with nearby schools including Dewey Elementary School, Washington Elementary School, and Nichols Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes