NOT LISTED FOR SALE

The Palmolive Condos 159 E Walton Place Unit 7A Chicago, IL 60611

Magnificent Mile Neighborhood

Estimated Value: $1,005,000 - $1,160,615

2 Beds
2.5 Baths
2,482 Sq Ft
$2,540/mo HOA Fee

Last Sold August 08, 2024

Last sale price $958,250 $386 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $10,389/month

191 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Whirlpool Bathtub
  • Steam Room
  • Wood Flooring
  • 1-minute walk to Lakefront Park

About This Home

As of August 2024

Amazing Northwest corner unit that has been freshly painted and ready to sell. Incredible price for 2400 plus sq ft in this 2 bed 2.5bath unit. Expansive LR and DR off amazing foyer that greets you upon entering this fantastic unit. Terrific wall space for art. Chef's kitchen with Subzero, Wolf and MIele appliances. Hardwood floors throughout and this all within the white glove services of The Palmolive! ! parking space included in the price.

Last Agent to Sell the Property

Brian Loomis

Jameson Sotheby's Intl Realty License #475147942 Listed on: 01/09/2024

Jameson Sotheby's Intl Realty

Last Buyer's Agent

Nicole Bokich

@properties Christie's International Real Estate License #475164281

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,415

Year Built

  • Built in 1929

Lot Details

  • 0.57

HOA Fees

  • $2,540 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Interior Spaces

  • 2,482 Sq Ft Home
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Home Security

Utilities

  • Forced Air Zoned Heating and Cooling System
  • 200+ Amp Service
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, parking, insurance, security, doorman, tv/cable, clubhouse, exercise facilities, scavenger, snow removal, internet
  • 98 Units
  • Lynn Stephens Association, Phone Number (312) 255-0159
  • High-Rise Condominium
  • Property managed by Sudler
  • 57-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Steam Room
  • Sauna
  • Party Room
  • Elevator
  • Service Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Community Spa

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,415

Year Built

Built in 1929

Lot Details

0

HOA Fees

$2,540 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Unit Floor Level: 7
  • Rebuilt Year: 2006
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 57

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors
  • LivingArea: 2482
  • Other Equipment: TV-Cable, Fire Sprinklers, CO Detectors
  • Room Type: Foyer
  • Stories Total: 57
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 1100000
  • Waterfront: No
  • Exterior Building Type: Marble/Granite,Limestone

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air, Zoned
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Forced Air, Sep Heating Systems - 2+, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 2540
  • Association Amenities: Door Person, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Receiving Room, Sauna, Service Elevator(s), Steam Room, Valet/Cleaner, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Sudler
  • Management Contact Name: Lynn Stephens
  • Management Phone: 312-255-0159
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Parking, Insurance, Security, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 26414.66
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Aug 1, 2024
Sold by
Barry Robert and Barry Marcella
Bought by
Khan Brian
Seller's Agent
Brian Loomis
Jameson Sotheby's Intl Realty
Buyer's Agent
Nicole Bokich
@properties Christie's International Real Estate
List Price
$1,350,000
Sold Price
$958,250
Premium/Discount to List
-$391,750
-29.02%
Views
30
Current Estimated Value
$1,060,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,904
Avg. Annual Appreciation
9.62%
Original Mortgage
$366,600
Outstanding Balance
$358,605
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$701,549

Purchase Details

Closed on
Oct 13, 2006
Sold by
Palmolive Tower Condominiums Llc
Bought by
Barry Robert and Barry Marcella
Source: Public Records

Range of Values:

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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
Khan Brian $958,500 First American Title
Barry Robert $1,676,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Brian $366,600
Open Khan Brian $766,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $958,250 -12.9% $386 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
03/27/2024 03/27/24 Price Changed $1,100,000 -12.0% $443 / Sq Ft
02/15/2024 02/15/24 Price Changed $1,250,000 -7.4% $504 / Sq Ft
01/09/2024 01/09/24 For Sale $1,350,000 0.0% $544 / Sq Ft
12/26/2018 12/26/18 Rented $8,000 0.0% --
12/13/2018 12/13/18 Under Contract -- -- --
11/26/2018 11/26/18 Price Changed $8,000 -15.8% $3 / Sq Ft
11/21/2018 11/21/18 For Rent $9,500 -- --
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 $26,415 $127,095 $6,226 $120,869
2023 $28,862 $128,510 $5,016 $123,494
2022 $28,862 $143,748 $5,016 $138,732
2021 $28,236 $143,746 $5,015 $138,731
2020 $33,183 $152,061 $3,508 $148,553
2019 $32,464 $165,010 $3,508 $161,502
2018 $32,510 $168,015 $3,508 $164,507
2017 $32,177 $149,472 $2,255 $147,217
2016 $18,912 $94,426 $2,255 $92,171
2015 $9,020 $49,224 $2,255 $46,969
2014 $7,306 $39,380 $2,255 $37,125
2013 $7,162 $39,380 $2,255 $37,125
Source: Public Records

Agents Affiliated with this Home

  • Brian Loomis

    Seller's Agent in 2024

    Brian Loomis

    Jameson Sotheby's Intl Realty

    (312) 867-8130

    19 in this area

    52 Total Sales

    Brian Loomis
    Section Image
  • Nicole Bokich

    Buyer's Agent in 2024

    Nicole Bokich

    @ Properties

    (847) 302-7192

    1 in this area

    75 Total Sales

    Nicole Bokich
    Section Image
  • Mary O'Connor

    Seller's Agent in 2018

    Mary O'Connor

    Baird Warner

    (312) 640-7010

    3 in this area

    6 Total Sales

    Mary O'Connor
    Section Image
  • Kimberly Gleeson

    Buyer's Agent in 2018

    Kimberly Gleeson

    Baird Warner

    (312) 961-7576

    4 in this area

    33 Total Sales

    Kimberly Gleeson
    Section Image
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About The Palmolive Condos

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11954823

Midwest Real Estate Data (MRED)

APN: 17-03-213-020-1079

Illinois Cook County Chicago 60611 Magnificent Mile

159 E Walton Place Unit 7A, Chicago, IL

This home is located at 159 E Walton Place Unit 7A, Chicago, IL 60611 since 09 January 2024 and is currently estimated at $1,060,154, approximately $427 per square foot. This property was built in 1929. 159 E Walton Place Unit 7A is a home located in Cook County with nearby schools including Ogden Elementary School, Wells Community Academy High School, and Frances Xavier Warde School.

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