NOT LISTED FOR SALE

1602 N New England Ave Unit 1 Chicago, IL 60707

Galewood Neighborhood

Estimated Value: $271,439 - $300,000

2 Beds
2 Baths
1,375 Sq Ft
$207/mo HOA Fee

Last Sold October 07, 2021

Last sale price $242,500 $176 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,947/month

11 Days on Market

Highlights

  • Living Room with Fireplace
  • Soaking Tub
  • Resident Manager or Management On Site
  • Formal Dining Room

About This Home

As of October 2021

This bright and beautiful 2 bedroom, 2 bathroom condo has the feel of a townhome! Special features include, hardwood floors, fresh paint through out, brand new carpet, roomy kitchen with 42" cabinets, granite counters, washer dryer, private entrance, patio, but best of all, the only unit with high ceiling! Very spacious and private master suite has a separate shower & jacuzzi tub, double sink, and walk in closet. Gated subdivision, secured gated parking space #14 included. Chicago Galewood neighborhood location bordering Oak Park, Elmwood Park and Melrose Park. Close to Metra, the green line & bus. Excellent shopping nearby, Costco, the famous Johnny's, Amarind's, Onion Roll, and Starbucks among other great restaurants! Truly a very convenient location. Come take a look!

Last Agent to Sell the Property

Tracy Lee

Berkshire Hathaway HomeServices Starck Real Estate License #475136032 Listed on: 08/07/2021

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Irving Castro

RE/MAX Suburban License #475172016

RE/MAX Suburban

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,708

Year Built

  • 2004

Lot Details

  • 0.38

HOA Fees

  • $207 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Living Room with Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • Soaking Tub
  • Separate Shower

Parking

  • Uncovered Parking
  • On-Site Parking
  • Parking Included in Price

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 20 Units
  • Jonathan Zivojnovic Association, Phone Number (708) 456-9200

Pet Policy

  • Pets Allowed
  • Pets up to 99 lbs

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,708

Year Built

2004

Lot Details

0

HOA Fees

$207 per month

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo
  • Property Sub Type: Condo
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Directions: 2 Blocks W OF Oak Park Ave. N/W Corner of North Ave. & New England Ave.
  • Lot Size: COMMON
  • New Construction: No
  • Ownership: Condo
  • Special Features: None
  • Year Built: 2004

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: None
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Dining Room Type: No additional rooms
  • Stories: 3

Exterior Features

  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: HOA
  • Management Contact Name: Jonathan Zivojnovic
  • Management Phone: 708-456-9200
  • Association Fee: 207
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK

Fee Information

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

Schools

  • Junior High Dist: 299

Lot Info

  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 99

Multi Family

  • Units in Building: 20

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 2098.69
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2021
Closed on
Oct 6, 2021
Sold by
Chae Jee Hoon and Chae Jung
Bought by
Paez Christian Ramiro
Seller's Agent
Tracy Lee
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Irving Castro
RE/MAX Suburban
List Price
$249,900
Sold Price
$242,500
Premium/Discount to List
-$7,400
-2.96%
Current Estimated Value
$288,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,110
Avg. Annual Appreciation
4.38%
Original Mortgage
$192,000
Outstanding Balance
$175,264
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$113,346

Purchase Details

Closed on
Mar 14, 2007
Sold by
Grandy Patrick M and Grandy Megan L
Bought by
Chae Jee Hoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 19, 2005
Sold by
Gandy Patrick
Bought by
Grandy Patrick and Platt Megan

Purchase Details

Closed on
Jul 2, 2004
Sold by
Grandy Patrick
Bought by
Grandy Patrick and Platt Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,900
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 18, 2004
Sold by
Prairie Bank & Trust Co
Bought by
Grandy Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,900
Interest Rate
5.75%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Paez Christian Ramiro $242,500 Attorney
Chae Jee Hoon $250,000 Chicago Title Insurance Co
Grandy Patrick -- Chicago Title Insurance Comp
Grandy Patrick -- --
Grandy Patrick $230,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paez Christian Ramiro $192,000
Previous Owner Chae Jee Hoon $225,000
Previous Owner Grandy Patrick $183,900
Closed Grandy Patrick $46,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold $242,500 -3.0% $176 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/07/2021 08/07/21 For Sale $249,900 -- $182 / 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 $2,708 $20,204 $2,197 $18,007
2023 $3,322 $16,150 $1,855 $14,295
2022 $3,322 $16,150 $1,855 $14,295
2021 $2,578 $16,149 $1,855 $14,294
2020 $2,059 $12,344 $885 $11,459
2019 $2,099 $13,875 $885 $12,990
2018 $2,062 $13,875 $885 $12,990
2017 $1,224 $9,063 $779 $8,284
2016 $1,315 $9,063 $779 $8,284
2015 $1,180 $9,063 $779 $8,284
2014 $1,076 $8,366 $744 $7,622
2013 $1,043 $8,366 $744 $7,622
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11182289

Midwest Real Estate Data (MRED)

APN: 13-31-325-035-1005