NOT LISTED FOR SALE

The Palmolive Condos 159 E Walton Place Unit 16A Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $1,801,000 - $2,269,000

3 Beds
4 Baths
3,259 Sq Ft
0.57 Acre Lot

Sale Details

Date Sold: March 4, 2020

Last sale price $2,750,000 $844 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $19,020 / mo

146 Days on Market

Highlights

  • Lake Front
  • Whirlpool Bathtub
  • Attached Garage
  • Wood Flooring
  • Sitting Room
  • 1-minute walk to Lakefront Park

About This Home

As of March 2020

Enjoy outstanding lake and beachfront views from this premier one-of-a-kind home at the Palmolive. Originally a four bedroom, this home is configured as a three bedroom with a truly luxurious master suite that offers a separate sitting room/dressing area, huge walk-in closet, and a spa bath. Two additional bedroom suites offer luxe living w attached baths and ample closets. The grand foyer has a fireplace and sensational lake views. The expansive living room has three sides of windows, and offers space for multiple seating areas plus a separate dining room overlooking Michigan Ave. The well appointed and updated kitchen offers Wolf, Sub Zero, and Miele appliances as well as a wine fridge, DeGuilio sink, and a hidden pull out table for an eat-in space. Fabulous storage, designer powder room, and a true laundry room complete this outstanding home. The Palmolive is a full service, concierge building with a spa, fitness center, beautiful community room, and a wonderful staff. Valet parking for two cars included! Sensational views!

Last Agent to Sell the Property

Emily Sachs Wong

@properties Christie's International Real Estate License #475104005 Listed on: 09/03/2019

@properties Christie's International Real Estate

Last Buyer's Agent

Thomas Gorman

Jameson Sotheby's Intl Realty License #475148416

Jameson Sotheby's Intl Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built | Renovated

  • 1929 | 2003

Lot Details

  • Lake Front
  • East or West Exposure

HOA Fees

  • $3,535 per month

Parking

  • Attached Garage
  • Heated Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Marble or Granite Building Materials
  • Limestone

Interior Spaces

  • Built-In Features
  • Entrance Foyer
  • Sitting Room
  • Storage
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • North or South Exposure

Utilities

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

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Year Built | Renovated

1929 | 2003

Lot Details

0.57 Acres

HOA Fees

$3,535 per month

Parking

2

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: 16
  • Age: 81-90 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 2
  • Ownership: Condo
  • Rehab Year: 2003
  • Total Full or Half Bathrooms: 3.1
  • Estimated Year Built: 1929
  • Tax Exemptions: Homeowner
  • Type Attached: Condo, Vintage
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 37
  • Year Built: 1929
  • Year Renovated: 2003

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Built-in Features, Walk-In Closet(s)
  • Number Of Rooms: 7
  • Living Room: Dimensions: 14X33, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Fireplace Location: Family Room
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Double Sink
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 7X9, On Level: Main Level
  • Dining Room: Dimensions: 17X11, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 13X10, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: Sitting Room, Foyer, Walk In Closet
  • Master Bedroom: Dimensions: 15X19, On Level: Main Level, Flooring: Carpet
  • Additional Room 2 Name: Sitting, Dimensions: 14X15, On Level: Main Level
  • Bedroom 2: Dimensions: 14X15, On Level: Main Level, Flooring: Carpet
  • Additional Room 3 Name: Foyer, Dimensions: 22X7, On Level: Main Level, Flooring: Stone
  • Bedroom 3: Dimensions: 19X13, On Level: Main Level, Flooring: Carpet
  • Additional Room 4 Name: Walk in Closet, Dimensions: 7X21, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 3259
  • Dining Room Type: Separate

Exterior Features

  • Exterior Building Type: Marble/Granite, Limestone
  • Exposure: N (North), E (East), W (West), Lake/Water

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Forced Air, 2+ Sep Heating Systems, Zoned

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager On-site, Monday through Friday
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Door Person, Elevator, Exercise Room, Storage, On Site Manager/Engineer, Party Room, Security Door Locks, Service Elevator, Steam Room, Whirlpool
  • Assessment Includes: Water, Gas, Parking, Common Insurance, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Scavenger, Snow Removal, Internet Access
  • Assessment Association Fees: 3535
  • Management Contact Name: Lynn Stephens
  • Management Phone: 312-255-0159

Fee Information

  • Management Company: Sudler

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 17032130201026

Multi Family

  • Total Number Unitsin Building: 102
  • Number Stories: 37

Tax Info

  • Taxes: 48410.17

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2019
Closed on
Feb 18, 2020
Sold by
Lenny Richard H and Lenny Susan M
Bought by
Seller's Agent
Emily Sachs Wong
@properties Christie's International Real Estate
Buyer's Agent
Thomas Gorman
Jameson Sotheby's Intl Realty
List Price
$2,850,000
Sold Price
$2,750,000
Premium/Discount to List
-$100,000
-3.51%
Current Estimated Value
$2,198,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$551,442
Avg. Annual Appreciation
-3.97%

Purchase Details

Listed on
Nov 11, 2013
Closed on
Apr 21, 2014
Sold by
Germont Joy
Bought by
Lenny Susan M and Lenny Richard H
Seller's Agent
Emily Sachs Wong
@properties Christie's International Real Estate
Buyer's Agent
Janet Owen
Berkshire Hathaway HomeServices Chicago
List Price
$2,995,000
Sold Price
$2,785,000
Premium/Discount to List
-$210,000
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.22%

Purchase Details

Closed on
Dec 4, 2006
Sold by
Palmolive Tower Condominiums Llc
Bought by
Germont Joy
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Magnificent Mile, IL

  • Crystal Banks Real Estate Agent - Landstar Realty Group, Inc.

    Crystal Banks

    Landstar Realty Group, Inc.

    (224) 458-2653

    58 Total Sales

    1 in Magnificent Mile

    $235,000 Price

    Crystal Banks
     Section Image
  • Chloé Ifergan Real Estate Agent - Jameson Sotheby's Intl Realty

    Chloé Ifergan

    Jameson Sotheby's Intl Realty

    (855) 232-0459

    92 Total Sales

    13 in Magnificent Mile

    $25K - $1.6M Price Range

    Chloé Ifergan
     Section Image
  • Timothy Rhoten Real Estate Agent - Reserve RE

    Timothy Rhoten

    Reserve RE

    (855) 510-0218

    110 Total Sales

    2 in Magnificent Mile

    $570K - $1.1M Price Range

    Timothy Rhoten
     Section Image
  • Nick Framularo Real Estate Agent - RE/MAX Premier

    Nick Framularo

    Responds Quickly

    RE/MAX Premier

    (773) 985-1816

    95 Total Sales

    2 in Magnificent Mile

    $195K - $210K Price Range

    Nick Framularo
     Section Image
  • Jeanne Keating Real Estate Agent - Compass

    Jeanne Keating

    Compass

    (855) 211-8768

    131 Total Sales

    1 in Magnificent Mile

    $1,650,000 Price

    Jeanne Keating
     Section Image
  • Kenneth Sabino Real Estate Agent - Baird & Warner

    Kenneth Sabino

    Baird & Warner

    (773) 906-4690

    47 Total Sales

    1 in Magnificent Mile

    $737,500 Price

    Kenneth Sabino
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,750,000 Premier Title
Lenny Susan M $2,785,000 None Available
Germont Joy $2,815,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/04/2020 03/04/20 Sold $2,750,000 -3.5% $844 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
09/03/2019 09/03/19 For Sale $2,850,000 -- $875 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $39,549 $185,383 $9,081 $176,302
2024 $39,549 $185,383 $9,081 $176,302
2023 $43,126 $187,447 $7,316 $180,131
2022 $43,126 $209,673 $7,316 $202,357
2021 $42,163 $209,671 $7,315 $202,356
2020 $49,410 $221,801 $5,118 $216,683
2019 $48,358 $240,690 $5,118 $235,572
2018 $48,410 $245,073 $5,118 $239,955
2017 $47,797 $222,033 $3,290 $218,743
2016 $44,471 $222,033 $3,290 $218,743
2015 $40,687 $222,033 $3,290 $218,743
2014 $10,181 $57,442 $3,290 $54,152
2013 $9,969 $57,442 $3,290 $54,152
Source: Public Records

Agents Affiliated with this Home

  • Emily Sachs Wong Real Estate Agent - @ Properties

    Seller's Agent in 2020

    Emily Sachs Wong

    @ Properties

    (312) 613-0022

    21 in this area

    764 Total Sales

    Emily Sachs Wong
    Section Image

  • TG

    Buyer's Agent in 2020

    Thomas Gorman

    Jameson Sotheby's Intl Realty

    Section Image
  • Janet Owen Real Estate Agent - Berkshire Hathaway HomeServices Chicago

    Buyer's Agent in 2014

    Janet Owen

    Berkshire Hathaway HomeServices Chicago

    (312) 268-0700

    2 in this area

    7 Total Sales

    Janet Owen
    Section Image
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About The Palmolive Condos

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10504068

Midwest Real Estate Data (MRED)

APN: 17-03-213-020-1026

Illinois Cook County Chicago 60611 Magnificent Mile

159 E Walton Place Unit 16A, Chicago, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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