Seller's Agent in 2021
Cori Michael
Nest Equity Realty
(630) 464-7701
1 in this area
106 Total Sales
Tower Lofts 1601 W School St Unit 208 Chicago, IL 60657
Southport Corridor NeighborhoodEstimated Value: $523,000 - $656,000
2
Beds
2
Baths
1,400
Sq Ft
$470/mo
HOA Fee
Highlights
- Open Floorplan
- 2-minute walk to Paulina Station
- Wood Flooring
- Hamilton Elementary School Rated A-
- Vaulted Ceiling
- Main Floor Bedroom
About This Home
As of May 2021Here's your rare opportunity to own a beautiful, open concept Lakeview loft with brick walls and 14' concrete ceilings! As soon as you walk into this oversized loft, notice the original hardwood floors, large open kitchen, dining and living room concept gives you plenty of room to create what you'd like with the space. Kitchen features island with seating, pantry, white cabinets and stainless-steel appliances. Gigantic windows span to the ceiling in the living room and master bedroom allowing ample sunlight to fill the rooms. Huge master bedroom offers extra space for your in-home office and 2 closets including a large walk-in with custom shelving to the ceiling! NEWERS: A/C unit, fans in master and living room, microwave, garbage disposal, paint throughout, and carpet in bedrooms. In unit washer/dryer, storage locker on unit floor, bike room and garage parking for 2 vehicles (included in price)! The exceptionally well-maintained Tower Lofts were built in 1916 and fully rehabbed in 1998. New to the building are elevators just redone and the newly refinished rooftop deck. 1 minute to Paulina Brown Line stop and seconds from Target, Whole Foods, XSport Fitness, Starbucks, shopping and more!
Last Agent to Sell the Property
Nest Equity Realty License #471020969 Listed on: 03/23/2021
Property Details
Home Type
- Condominium
Year Built | Renovated
- 1998 | 1998
Lot Details
- East or West Exposure
HOA Fees
- $470 per month
Parking
- Attached Garage
- Garage ceiling height seven feet or more
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
- Garage Is Owned
Home Design
- Brick Exterior Construction
Interior Spaces
- Open Floorplan
- Historic or Period Millwork
- Vaulted Ceiling
- Blinds
- Storage Room
- Wood Flooring
- Property Views
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Oven or Range
- Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- Main Floor Bedroom
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- Bathroom on Main Level
Laundry
- Laundry on main level
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
Amenities
- Lobby
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2021
Closed on
May 11, 2021
Sold by
Martin Kevin and Polacek Jacqueline
Bought by
Peshek Greg
Seller's Agent
Cori Michael
Nest Equity Realty
Buyer's Agent
Mike McElroy
Kale Realty
List Price
$405,000
Sold Price
$390,000
Premium/Discount to List
-$15,000
-3.7%
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
$173,927
Avg. Annual Appreciation
8.38%
Original Mortgage
$331,500
Interest Rate
3.12%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 26, 2014
Closed on
Jul 14, 2014
Sold by
Richardson John P and Gimpert Bridgette
Bought by
Martin Kevin and Polacek Jacqueline
Seller's Agent
Michael Hall
Baird & Warner
Buyer's Agent
Chris Stefani
Keller Williams ONEChicago
List Price
$365,000
Sold Price
$359,000
Premium/Discount to List
-$6,000
-1.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.22%
Original Mortgage
$251,300
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 22, 2008
Sold by
Daly Brian A and Daly Mary
Bought by
Richardson John P and Richardson Bridgette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.1%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 5, 2003
Sold by
Fetsch Nancy A and Fetsch John M
Bought by
Daly Brian A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.84%
Mortgage Type
Balloon
Purchase Details
Closed on
Apr 16, 1996
Sold by
Lab Lofts Llc
Bought by
Drogosz Nancy A and Drogosz Richard J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,200
Interest Rate
7.86%
Mortgage Type
Balloon
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 |
|---|---|---|---|
| Peshek Greg | $390,000 | None Available | |
| Martin Kevin | $359,000 | Cti | |
| Richardson John P | $375,000 | Pntn | |
| Daly Brian A | $350,000 | Chicago Title Insurance Comp | |
| Drogosz Nancy A | $178,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Peshek Greg | $331,500 | |
| Previous Owner | Martin Kevin | $251,300 | |
| Previous Owner | Richardson John P | $230,000 | |
| Previous Owner | Daly Brian A | $280,000 | |
| Previous Owner | Drogosz Nancy A | $162,200 | |
| Closed | Daly Brian A | $52,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/12/2021 05/12/21 | Sold | $390,000 | -2.5% | $279 / Sq Ft | |
| 04/14/2021 04/14/21 | Pending | -- | -- | -- | |
| 04/07/2021 04/07/21 | Price Changed | $399,900 | -1.3% | $286 / Sq Ft | |
| 03/23/2021 03/23/21 | For Sale | $405,000 | +12.8% | $289 / Sq Ft | |
| 07/14/2014 07/14/14 | Sold | $359,000 | -1.6% | $239 / Sq Ft | View Prior Sale |
| 05/10/2014 05/10/14 | Pending | -- | -- | -- | |
| 04/26/2014 04/26/14 | For Sale | $365,000 | -- | $243 / 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 | $8,217 | $45,127 | $3,076 | $42,051 |
| 2023 | $8,707 | $41,180 | $2,483 | $38,697 |
| 2022 | $8,707 | $41,180 | $2,483 | $38,697 |
| 2021 | $8,507 | $41,179 | $2,482 | $38,697 |
| 2020 | $8,472 | $37,029 | $1,111 | $35,918 |
| 2019 | $8,339 | $40,354 | $1,111 | $39,243 |
| 2018 | $8,199 | $40,354 | $1,111 | $39,243 |
| 2017 | $7,318 | $33,022 | $992 | $32,030 |
| 2016 | $6,819 | $33,022 | $992 | $32,030 |
| 2015 | $6,252 | $33,022 | $992 | $32,030 |
| 2014 | $5,475 | $31,058 | $808 | $30,250 |
| 2013 | $5,360 | $31,058 | $808 | $30,250 |
Source: Public Records
Agents Affiliated with this Home
-
Cori Michael
-
Mike McElroy
Buyer's Agent in 2021
Mike McElroy
Kale Realty
(312) 561-4080
3 in this area
79 Total Sales
-
Michael Hall
Seller's Agent in 2014
Michael Hall
Baird Warner
(773) 398-4359
9 in this area
201 Total Sales
-
Chris Stefani
Buyer's Agent in 2014
Chris Stefani
Keller Williams ONEChicago
(312) 672-2250
3 in this area
46 Total Sales
About Tower Lofts
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD11030226
APN: 14-19-426-042-1004
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