Seller's Agent in 2020
Jennifer Ames
Engel & Voelkers Chicago
(773) 908-3632
9 in this area
252 Total Sales
Tower Lofts 1601 W School St Unit 714 Chicago, IL 60657
Southport Corridor NeighborhoodEstimated Value: $922,000 - $1,001,000
3
Beds
2
Baths
3,000
Sq Ft
$833/mo
HOA Fee
Highlights
- Deck
- 2-minute walk to Paulina Station
- Main Floor Bedroom
- Hamilton Elementary School Rated A-
- Wood Flooring
- Stainless Steel Appliances
About This Home
As of April 2020The premier unit in Tower Lofts! Combined by the developer when the building was converted to luxury condos, this penthouse-level extra-wide 3,000 sqft, 3 bedroom soft loft offers dramatic, renovated living space, private outdoor space, and two heated garage spaces. You enter this home into a foyer with generously sized closets. Ideal for entertaining, the combination living/dining room has a 16-foot cement ceiling and contemporary fireplace. Oversized windows face north offering unobstructed views of the city's north side and the lights of Wrigley Field. The living area is open to a chic, newly renovated kitchen. There are three, fully enclosed bedrooms including a large master with dual walk-in closets and a spa bath. The second bath doubles as a powder room. Stairs lead up to a lofted family room, and again to a top-level entertainment room with wet bar and rooftop deck with panoramic city skyline views. This home offers an ideal lifestyle as everything you need is within a couple of blocks. Commuting is easy with the Paulina Brown Line station close by. On your way home, pick up dinner at the mega Whole Foods at Ashland and Belmont, and you'll never miss a workout with X-Sport Fitness in the same building. Tower Lofts is pet-friendly. Amenities include a secure lobby with key fob access, a passenger elevator, and storage.
Last Agent to Sell the Property
Engel & Voelkers Chicago License #475150488 Listed on: 02/10/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,803
Year Built | Renovated
- 1915 | 2013
Lot Details
- 0.34
HOA Fees
- $833 per month
Parking
- Attached Garage
- Heated Garage
- Parking Included in Price
- Garage Is Owned
Home Design
- Brick Exterior Construction
Interior Spaces
- Wet Bar
- Skylights
- Gas Log Fireplace
- Entrance Foyer
- Storage
- Wood Flooring
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- Main Floor Bedroom
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- Dual Sinks
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Eco-Friendly Details
- North or South Exposure
Outdoor Features
- Deck
- Outdoor Grill
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Lake Michigan Water
Community Details
- Pets Allowed
Listing and Financial Details
- Homeowner Tax Exemptions
- $500 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2020
Closed on
Mar 25, 2020
Sold by
Svoboda Christopher
Bought by
Radtke Jeffrey and Radtke Tracie
Seller's Agent
Jennifer Ames
Engel & Voelkers Chicago
Buyer's Agent
Jennifer Ames
Engel & Voelkers Chicago
List Price
$869,000
Sold Price
$852,000
Premium/Discount to List
-$17,000
-1.96%
Total Days on Market
9
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
$110,817
Avg. Annual Appreciation
2.91%
Original Mortgage
$681,600
Outstanding Balance
$610,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$384,031
Purchase Details
Closed on
Jun 20, 2011
Sold by
Chicago Title Land Trust Company
Bought by
Svoboda Christopher
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,000
Interest Rate
4.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 15, 1999
Sold by
Cho Joanne
Bought by
American National Bank
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,600
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 31, 1998
Sold by
Ottinetti Luca
Bought by
Cho Joanne
Purchase Details
Closed on
May 16, 1997
Sold by
Crumbaugh Joanne and Cho Joanne M
Bought by
Cho Joanne M and Ottinetti Luca
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
8.24%
Mortgage Type
Balloon
Purchase Details
Closed on
Dec 18, 1996
Sold by
Crumbaugh Stephen
Bought by
Crumbaugh Joanne M
Purchase Details
Closed on
Feb 9, 1996
Sold by
Lab Lofts Llc
Bought by
Crumbaugh Joanne and Crumbaugh Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,300
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Radtke Jeffrey | $852,000 | Attorneys Ttl Guaranty Fund | |
| Svoboda Christopher | $629,000 | Chicago Title Land Trust Co | |
| American National Bank | $544,000 | -- | |
| Cho Joanne | $202,500 | -- | |
| Cho Joanne M | -- | Chicago Title Insurance Co | |
| Crumbaugh Joanne M | -- | -- | |
| Crumbaugh Joanne | $298,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Radtke Jeffrey | $681,600 | |
| Previous Owner | Svoboda Christopher | $334,000 | |
| Previous Owner | Svoboda Christopher | $339,000 | |
| Previous Owner | Svoboda Christopher | $339,000 | |
| Previous Owner | Lasalle Bank | $478,000 | |
| Previous Owner | American National Bank | $489,600 | |
| Previous Owner | Cho Joanne M | $236,000 | |
| Previous Owner | Crumbaugh Joanne | $298,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/06/2020 04/06/20 | Sold | $852,000 | -2.0% | $284 / Sq Ft |
| 02/19/2020 02/19/20 | Pending | -- | -- | -- |
| 02/10/2020 02/10/20 | For Sale | $869,000 | -- | $290 / 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 | $13,803 | $72,203 | $4,922 | $67,281 |
| 2023 | $13,426 | $66,920 | $3,972 | $62,948 |
| 2022 | $13,426 | $66,920 | $3,972 | $62,948 |
| 2021 | $13,137 | $66,919 | $3,972 | $62,947 |
| 2020 | $12,846 | $59,247 | $1,778 | $57,469 |
| 2019 | $12,634 | $64,567 | $1,778 | $62,789 |
| 2018 | $12,421 | $64,567 | $1,778 | $62,789 |
| 2017 | $10,961 | $52,835 | $1,587 | $51,248 |
| 2016 | $10,395 | $52,835 | $1,587 | $51,248 |
| 2015 | $9,507 | $52,835 | $1,587 | $51,248 |
| 2014 | $9,057 | $49,694 | $1,293 | $48,401 |
| 2013 | $8,873 | $49,694 | $1,293 | $48,401 |
Source: Public Records
Agents Affiliated with this Home
About Tower Lofts
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10633808
APN: 14-19-426-042-1079
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