NOT LISTED FOR SALE

Towne Center 1600 E Thacker St Unit 403 Des Plaines, IL 60016

Estimated Value: $272,031 - $304,000

2 Beds
2 Baths
1,389 Sq Ft
$362/mo HOA Fee

Last Sold May 09, 2023

Last sale price $237,500 $171 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,299/month

2 Days on Market

Highlights

  • Heated Floors
  • End Unit
  • Formal Dining Room
  • Central Elementary School Rated A
  • Elevator
  • 4-minute walk to Central Park

About This Home

As of May 2023

A WELL-KEPT END-UNIT SOUTH & EAST EXPOSURES CONDO IN THE 4th FLOOR. UPDATED KITCHEN WITH GRANITE COUNTER TOPS, OAK CABINETS, STAINLESS STEEL APPLIANCES, AND EATING ROOM AREA. NEWER WASHER AND DRYER IN THE UNIT. LIVING ROOM WITH SLIDING GLASS DOOR OPEN TO A BALCONY. MASTER BEDROOM WITH MASTER BATHROOM. STORAGE ROOM ON THE SAME FLOOR. GARAGE SPACE #25 AND ADDITIONAL UNASSIGNED PARKING IN THE REAR LOT. GOOD LOCATION CLOSE TO METRA TRAIN, DOWNTOWN DES PLAINES, RESTAURANTS, LIBRARY, SHOPPING.

Last Listed By

Gene Villamiel

Villa Miel Realty, Inc. License #471010999 Listed on: 04/02/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,933

Year Built

  • Built in 1994

Lot Details

  • 1.45

HOA Fees

  • $362 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof
  • Flexicore

Interior Spaces

  • 1,389 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage
  • Intercom

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Heated Floors
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Central Elementary School
  • Chippewa Middle School
  • Maine West High School

Utilities

  • Central Air
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Individual Controls for Heating
  • 100 Amp Service
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • End Unit

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 78 Units
  • Hank Kolak Association, Phone Number (847) 296-1941
  • High-Rise Condominium
  • Towne Centre Subdivision, Cambridge Floorplan
  • Property managed by HANLIN MANAGEMENT
  • 7-Story Property

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • Limit on the number of pets
  • Cats Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,933

Year Built

Built in 1994

Lot Details

0

HOA Fees

$362 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Corridor,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Corridor,High Rise (7+ Stories)
  • Subdivision Name: Towne Centre
  • Year Built: 1994
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Wood Laminate Floors, Heated Floors, Storage, Flexicore
  • LivingArea: 1389
  • Other Equipment: TV-Cable, Intercom, Fire Sprinklers, CO Detectors, Ceiling Fan(s)
  • Room Type: Eating Area
  • Stories Total: 7
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Wood Laminate
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Balcony, End Unit, Cable Access
  • Foundation Details: Brick/Mortar
  • List Price: 230000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Steam, Radiant, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Number Limit
  • Association Fee: 362
  • Association Amenities: Elevator(s), Storage
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: HANLIN MANAGEMENT
  • Management Contact Name: HANK KOLAK
  • Management Phone: 847-296-1941
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Central Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Chippewa Middle School
  • Middle/Junior School District: 62

Lot Info

  • Lot Dimensions: INTEGRAL
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 3932.65
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2023
Closed on
May 9, 2023
Sold by
Rodriguez Ricardo G and Luan Jorge
Bought by
Joseph J Bressler Living Trust
Seller's Agent
Gene Villamiel
Villa Miel Realty, Inc.
Buyer's Agent
Ralph Milito
@properties Christie's International Real Estate
List Price
$230,000
Sold Price
$237,500
Premium/Discount to List
$7,500
3.26%
Total Days on Market
2
Views
89
Current Estimated Value
$281,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,008
Avg. Annual Appreciation
8.92%

Purchase Details

Listed on
Nov 27, 2017
Closed on
Mar 15, 2018
Sold by
Pilafas Andrew S and Pilafas Mary E
Bought by
Rodriguez Ricardo G
Seller's Agent
Chris Pilafas
Troy Realty Ltd
Buyer's Agent
Eugenia Canepa
Coldwell Banker Realty
List Price
$189,000
Sold Price
$183,300
Premium/Discount to List
-$5,700
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%
Original Mortgage
$179,550
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 21, 2012
Closed on
Feb 28, 2013
Sold by
Fleigel Jason H
Bought by
Pilafas Andrew S and Pilafas Mary E
Seller's Agent
Scot Kent
Supreme Realty, Inc.
Buyer's Agent
Chris Pilafas
Troy Realty Ltd
List Price
$159,900
Sold Price
$147,000
Premium/Discount to List
-$12,900
-8.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Original Mortgage
$139,650
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2008
Sold by
Gmac Global Relocation Services Llc
Bought by
Fleigel Jason H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
5.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 4, 2008
Sold by
Hwang Song Ki Bok and Hwang Song Joanne Jeehyun
Bought by
Gmac Global Relocation Services Llc

Purchase Details

Closed on
Nov 3, 2003
Sold by
Pak Chong Chi
Bought by
Song Ki Bok and Hwang Joanne Jeehyun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.07%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 25, 2002
Sold by
Panganiban Adeluisa C and Panganiban Marcelo Criselda
Bought by
Pak Chong Chi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,700
Interest Rate
6.62%

Purchase Details

Closed on
May 26, 1994
Sold by
Norwood Builders Inc
Bought by
Panganiban Adeluisa C and Panganiban Marcelo Criselda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,550
Interest Rate
8.34%
Mortgage Type
FHA

Range of Values:

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Average Value
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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
Joseph J Bressler Living Trust $237,500 Gmt Title
Rodriguez Ricardo G $189,000 Saturn Title Llc
Pilafas Andrew S $147,000 None Available
Fleigel Jason H $196,500 First American Title
Gmac Global Relocation Services Llc $197,500 First American Title
Song Ki Bok -- --
Pak Chong Chi $203,000 Chicago Title Insurance Co
Panganiban Adeluisa C $138,500 Intercounty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Ricardo G $182,000
Previous Owner Rodriguez Ricardo G $179,550
Previous Owner Rodriguez Ricardo G $7,500
Previous Owner Pilafas Andrew S $139,650
Previous Owner Fleigel Jason H $146,000
Previous Owner Song Ki Bok $184,000
Previous Owner Pak Chong Chi $182,700
Previous Owner Panganiban Adeluisa C $124,000
Previous Owner Panganiban Adeluisa C $131,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2023 05/09/23 Sold $237,500 +3.3% $171 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
04/02/2023 04/02/23 For Sale $230,000 +25.5% $166 / Sq Ft
04/03/2018 04/03/18 Sold $183,300 -3.0% $132 / Sq Ft
01/10/2018 01/10/18 Pending -- -- --
11/27/2017 11/27/17 For Sale $189,000 +28.6% $136 / Sq Ft
03/05/2013 03/05/13 Sold $147,000 -1.9% $100 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
10/20/2012 10/20/12 Price Changed $149,900 -3.2% $102 / Sq Ft
09/24/2012 09/24/12 Price Changed $154,900 -3.1% $106 / Sq Ft
07/21/2012 07/21/12 For Sale $159,900 -- $109 / 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 $4,512 $20,958 $654 $20,304
2023 $4,512 $20,958 $654 $20,304
2022 $4,512 $20,958 $654 $20,304
2021 $3,933 $16,124 $531 $15,593
2020 $3,935 $16,124 $531 $15,593
2019 $4,836 $17,969 $531 $17,438
2018 $3,920 $13,107 $469 $12,638
2017 $3,851 $13,107 $469 $12,638
2016 $3,642 $13,107 $469 $12,638
2015 $3,453 $11,423 $408 $11,015
2014 $3,381 $11,423 $408 $11,015
2013 $2,538 $11,423 $408 $11,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11750161

Midwest Real Estate Data (MRED)

APN: 09-20-202-042-1029