Seller's Agent in 2021
Ryan Preuett
Jameson Sotheby's Intl Realty
(312) 371-5951
7 in this area
194 Total Sales
The Palmolive Condos 159 E Walton Place Unit 19B Chicago, IL 60611
Magnificent Mile NeighborhoodEstimated Value: $2,032,000 - $2,636,000
2
Beds
2.5
Baths
3,100
Sq Ft
$4,340/mo
HOA Fee
Highlights
- Doorman
- Fitness Center
- Deck
- Steam Room
- Lock-and-Leave Community
- 1-minute walk to Lakefront Park
About This Home
As of June 2021There are few buildings in Chicago as iconic as the Palmolive Building-and none can compete with its premier Gold Coast location between the Mag Mile and Oak Street Beach. And then there's its striking Art Deco architecture and cooler-than-cool history... (the 37-story skyscraper was the Playboy Building from 1965-1989.) As all Chicagoans can attest, these posh Palmolive residences are rarely attainable, especially a unit like 19B that boasts an 800-square-foot private outdoor terrace with unrivaled views of Lake Michigan. One of only two residences on the 19th floor, 19B reads like a sophisticated pied-a-terre thanks to an effortless floor plan that encompasses 3,100 interior square feet of easy living and elevated entertaining. Capitalizing on the captivating lake views at every turn, this 2-bedroom/2.1-bath home makes a sophisticated first impression courtesy of first-class millwork, 10-foot-high ceilings and herringbone hardwood floors. The dining room overlooks the famous dogleg curve on Lake Shore Drive and leads to a gorgeous eat-in chef's kitchen with custom cabinetry and a mix of Sub-Zero, Miele and Wolf appliances. While the formal living room links to the terrace, there's also a handsome mahogany paneled den with custom built-ins for lounging with a good book or coming together on family movie nights (option to convert into a 3rd bedroom). The master bedroom with spa-like ensuite (think marble accents and a colossal soaking tub) also connects to the terrace and flaunts eye-catching crown molding and a pair of walk-in closets. A built-in bar with wine fridge, integrated surround sound, inherited statement lighting, a standalone laundry room and two parking spots round out the plush perks. (White glove building amenities include a 24-hour doorman, on-site concierge services, valet parking, and a professional gym and whirlpool within the Beacon Club.) Welcome to the good life.
Last Agent to Sell the Property
Jameson Sotheby's Intl Realty License #475145699 Listed on: 05/19/2021
Last Buyer's Agent
@properties Christie's International Real Estate License #475125650
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $58,187
Year Built
- Built in 1929 | Remodeled in 2006
Lot Details
- 0.57
HOA Fees
- $4,340 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Heated Garage
- Parking Included in Price
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 3,100 Sq Ft Home
- Built-In Features
- Entrance Foyer
- Living Room with Fireplace
- Formal Dining Room
- Den
- Storage
- Wood Flooring
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- Soaking Tub
- Separate Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Outdoor Features
- Deck
- Terrace
Utilities
- Forced Air Zoned Heating and Cooling System
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, clubhouse, exercise facilities, scavenger, snow removal, internet
- 98 Units
- Lynn Stephens Association, Phone Number (312) 255-0429
- High-Rise Condominium
- Palmolive Building Landmark Subdivision
- Property managed by Sudler Property Management
- Lock-and-Leave Community
- 37-Story Property
Amenities
- Doorman
- Valet Parking
- Steam Room
- Sauna
- Party Room
- Elevator
- Service Elevator
- Package Room
- Community Storage Space
Recreation
- Community Spa
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2021
Closed on
Jun 14, 2021
Sold by
Simon Marcy and Marcy Simon Revocable Trust
Bought by
Gall Thomas and The Living Trust Of Thomas A G
Seller's Agent
Ryan Preuett
Jameson Sotheby's Intl Realty
Buyer's Agent
Margaret Baczkowski
@properties Christie's International Real Estate
List Price
$2,850,000
Sold Price
$2,675,000
Premium/Discount to List
-$175,000
-6.14%
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
-$318,818
Avg. Annual Appreciation
-2.94%
Purchase Details
Closed on
Jan 17, 2006
Sold by
Palmolive Tower Condominiums Llc
Bought by
Simon Marcy and The Marcy Simon Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
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 |
|---|---|---|---|
| Gall Thomas | $2,675,000 | Chicago Title | |
| Simon Marcy | $3,113,000 | Ctic |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Simon Marcy | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2021 06/21/21 | Pending | -- | -- | -- |
| 06/21/2021 06/21/21 | For Sale | $2,850,000 | +6.5% | $919 / Sq Ft |
| 06/18/2021 06/18/21 | Sold | $2,675,000 | -- | $863 / Sq Ft |
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 | $48,153 | $225,710 | $11,057 | $214,653 |
| 2023 | $52,507 | $228,223 | $8,907 | $219,316 |
| 2022 | $52,507 | $255,283 | $8,907 | $246,376 |
| 2021 | $50,665 | $255,283 | $8,907 | $246,376 |
| 2020 | $59,468 | $270,050 | $6,231 | $263,819 |
| 2019 | $58,188 | $293,047 | $6,231 | $286,816 |
| 2018 | $58,262 | $298,384 | $6,231 | $292,153 |
| 2017 | $56,417 | $265,452 | $4,006 | $261,446 |
| 2016 | $42,877 | $216,573 | $4,006 | $212,567 |
| 2015 | $18,743 | $104,906 | $4,006 | $100,900 |
| 2014 | $15,744 | $87,422 | $4,006 | $83,416 |
| 2013 | $12,242 | $69,937 | $4,006 | $65,931 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Preuett
-
Margaret Baczkowski
Buyer's Agent in 2021
Margaret Baczkowski
@ Properties
(312) 371-8379
30 in this area
213 Total Sales
About The Palmolive Condos
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11130783
APN: 17-03-213-020-1021
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.
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
- 159 E Walton Place Unit 11F
- 159 E Walton Place Unit 31A
- 159 E Walton Place Unit 11E
- 159 E Walton Place Unit 18A
- 159 E Walton Place Unit 22A
- 159 E Walton Place Unit 6B
- 159 E Walton Place Unit 5C
- 159 E Walton Place Unit 8C
- 159 E Walton Place Unit 5G
- 159 E Walton Place Unit 15A
- 159 E Walton Place Unit PH
- 77 E Walton Place Unit 24E
- 175 E Delaware Place Unit 5903
- 175 E Delaware Place Unit 7910
- 175 E Delaware Place Unit 4503
- 175 E Delaware Place Unit 8903
- 175 E Delaware Place Unit 4914
- 175 E Delaware Place Unit 7505-06
- 175 E Delaware Place Unit 6021
- 175 E Delaware Place Unit 4625
- 159 E Walton Place Unit 7A
- 159 E Walton Place Unit 15CD
- 159 E Walton Place Unit 5A
- 159 E Walton Place Unit 32A
- 159 E Walton Place Unit 9B
- 159 E Walton Place Unit 21B
- 159 E Walton Place Unit 16A
- 159 E Walton Place Unit 27A
- 159 E Walton Place Unit 13E
- 159 E Walton Place Unit 8F
- 159 E Walton Place Unit 16B
- 159 E Walton Place Unit 12E
- 159 E Walton Place Unit 6G
- 159 E Walton Place Unit 6E
- 159 E Walton Place Unit 25A
- 159 E Walton Place Unit 25-A
- 159 E Walton Place Unit 19A
- 159 E Walton Place Unit 14F
- 159 E Walton Place Unit 13B
- 159 E Walton Place Unit 12F