NOT LISTED FOR SALE

Optima Towers 1580 Sherman Ave Unit 507 Evanston, IL 60201

Downtown Evanston Neighborhood

Estimated Value: $472,000 - $505,122

2 Beds
2 Baths
1,573 Sq Ft
$897/mo HOA Fee

Last Sold July 19, 2024

Last sale price $459,900 $292 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,315/month

17 Days on Market

Highlights

  • Central Air
  • 3-minute walk to Davis Station
  • 1-minute walk to Fountain Square
  • Dewey Elementary School Rated A

About This Home

As of July 2024

Best Building in the heart of downtown Evanston! Steps to Target and restaurants. Completely redone and move-in ready. Monthly includes cable, heat, gas, and access to building amenities. Spacious completely redone jumbo two bedroom, two bath residence in the heart of downtown Evanston! Beautiful new kitchen featuring KitchenAid & Bosch stainless appliances and spectacular quartz countertops and new cabinets. Primary suite with beautiful newly redone bath offering double bowl vanity, quartz countertop and walk in closet. Second bedroom also offers plenty of closet space and updated bath. Floor to ceiling windows look out on a large private patio (21x10) with landscaped area that is perfect for entertaining. Beautiful new Kahrs Beech flooring, new window treatments and paint throughout. In unit laundry room with new side by side washer and dryer with a large well located parking space. Building amenities include indoor pool, hot tub, and gym. Perfect location close to Target, restaurants, and all that Downtown Evanston has to offer including Fountain Square, Metra, CTA, Northwestern University, and entertainment venues, with close proximity to the lake and parks. Move-In ready! Buyers agents compensated. Call for details.

Last Agent to Sell the Property

Tamara Verdin

Prello Realty License #475196270 Listed on: 05/31/2024

Co-Listed By

Nayibe Garces

Prello Realty License #471022542

Last Buyer's Agent

Scott Fishman

Worth Clark Realty License #471022526

Worth Clark Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,955

Year Built

  • Built in 2002

Lot Details

  • 0.61

HOA Fees

  • $897 Monthly HOA Fees

Home Design

  • 1,573 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Included in Price

Schools

  • Evanston Twp High School

Utilities

  • Central Air
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 103 Units
  • 10-Story Property

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,955

Year Built

Built in 2002

Lot Details

0

HOA Fees

$897 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2002
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 5
  • ResoPropertyType: Residential
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1573
  • Room Type: No additional rooms
  • Stories Total: 10
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 459900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 1
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Other
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee: 897
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • High School: Evanston Twp High School
  • Middle/Junior School District: 65

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 100X100
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8954.97
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jul 18, 2024
Sold by
Chicago Title Land Trust Company
Bought by
Martha A Trueheart Trust and Trueheart
Seller's Agent
Tamara Verdin
Prello Realty
Buyer's Agent
Scott Fishman
Worth Clark Realty
List Price
$465,000
Sold Price
$459,900
Premium/Discount to List
-$5,100
-1.1%
Views
36
Current Estimated Value
$486,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,881
Avg. Annual Appreciation
5.84%

Purchase Details

Closed on
Jul 27, 2011
Sold by
Rotary International
Bought by
Chicago Title Land Trust Company and Trust #8002357575

Purchase Details

Closed on
Apr 25, 2002
Sold by
Optima Center Evanston Ltd Partnership
Bought by
Rotary International
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Martha A Trueheart Trust $460,000 Chicago Title
Chicago Title Land Trust Company $278,000 Chicago Title Insurance Co
Rotary International $361,000 First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $459,900 0.0% $292 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/16/2024 06/16/24 Price Changed $459,900 -1.1% $292 / Sq Ft
05/31/2024 05/31/24 For Sale $465,000 -- $296 / 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 $8,661 $35,777 $722 $35,055
2023 $8,955 $35,777 $722 $35,055
2022 $8,955 $38,553 $722 $37,831
2021 $9,310 $35,081 $476 $34,605
2020 $9,185 $35,081 $476 $34,605
2019 $8,989 $38,365 $476 $37,889
2018 $9,381 $34,241 $404 $33,837
2017 $9,136 $34,241 $404 $33,837
2016 $8,665 $34,241 $404 $33,837
2015 $7,838 $29,232 $325 $28,907
2014 $7,937 $29,232 $325 $28,907
2013 $7,761 $29,232 $325 $28,907
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tamara Verdin

    Prello Realty

    (773) 805-5325

    1 in this area

    210 Total Sales

    Tamara Verdin
    Section Image

  • N

    Seller Co-Listing Agent in 2024

    Nayibe Garces

    Prello Realty

    (773) 574-4904

    1 in this area

    150 Total Sales

    Nayibe Garces
    Section Image
  • Scott Fishman

    Buyer's Agent in 2024

    Scott Fishman

    Worth Clark Realty

    (773) 316-5409

    1 in this area

    183 Total Sales

    Scott Fishman
    Section Image
See All Agents

About Optima Towers

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12071636

Midwest Real Estate Data (MRED)

APN: 11-18-311-043-1022

Illinois Cook County Evanston 60201 Downtown Evanston

1580 Sherman Ave Unit 507, Evanston, IL

This home is located at 1580 Sherman Ave Unit 507, Evanston, IL 60201 since 31 May 2024 and is currently estimated at $486,781, approximately $309 per square foot. This property was built in 2002. 1580 Sherman Ave Unit 507 is a home located in Cook County with nearby schools including Dewey Elementary School, Washington Elementary School, and Nichols Middle School.

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