NOT LISTED FOR SALE

Estimated Value: $480,822

2 Beds
2 Baths
1,419 Sq Ft
$1,580/mo HOA Fee

Last Sold July 31, 2023

Last sale price $405,000 $285 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,655/month

16 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • Landscaped Professionally
  • Central Elementary School Rated A
  • In Ground Pool
  • 4-minute walk to Langdon Park

About This Home

As of July 2023

Glorious views of Lake Michigan can be appreciated in this delightful lakeside condominium. The open floor plan contains open sunlit windows and is in pristine condition. Enjoy summer leisure on your enclosed balcony. Extensive custom built-ins throughout the unit. This irresistible unit is in a sought after building. Amenities include a private beach, a picturesque swimming pool along with a terraced waterfall and dining area complete with the dramatic backdrop of the lake. Just steps from Plaza del Lago shopping and restaurants. Additionally the building offers 24 hour valet parking, a guest suite and party room. Many extensive recent improvements have been made including new windows throughout the building, tastefully redecorated halls and lobby which reflects the mid-century architecture. 1616 Sheridan Rd. has strong reserves, is well managed and fastidiously maintained by an experienced staff. Buyer pays Wilmette transfer tax $3/$1,000. Enjoy a relaxing lifestyle in the lakeside paradise! Stove is in As Is condition.

Last Listed By

Marion Wulff

Compass License #475102927 Listed on: 06/01/2023

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,341

Year Built

  • Built in 1961

Lot Details

  • Landscaped Professionally

HOA Fees

  • $1,580 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Leased Parking

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,419 Sq Ft Home
  • Family Room
  • Living Room
  • L-Shaped Dining Room
  • Storage
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Balcony

Schools

  • Central Elementary School
  • Wilmette Junior High School
  • New Trier Twp High School Northfield/Wi

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, air conditioning, water, insurance, tv/cable, pool, exterior maintenance, lawn care, scavenger, snow removal, lake rights, internet
  • 83 Units
  • Lynn Dee Association, Phone Number (847) 256-2550
  • Property managed by 1616 Condo Association
  • 10-Story Property

Amenities

  • Party Room
  • Coin Laundry
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,341

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,580 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 6
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Elevator, Hardwood Floors, First Floor Bedroom, First Floor Full Bath, Storage
  • LivingArea: 1419
  • Room Type: No additional rooms
  • Stories Total: 10
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: L-shaped
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Balcony, In Ground Pool, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 415000
  • Lot Features: Beach, Lake Front, Landscaped, Water View
  • Waterfront: Yes
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Asphalt,Circular
  • Garage Details: 7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage
  • Highest Parking Fee: 135
  • Lowest Parking Fee: 60

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Electric
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 1580
  • Association Amenities: Coin Laundry, Elevator(s), Party Room, Pool
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 1616 Condo Association
  • Management Contact Name: Lynn Dee
  • Management Phone: 847-256-2550
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Insurance, TV/Cable, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Lake Rights, Internet

Schools

  • Elementary School: Central Elementary School
  • High School: New Trier Twp H.S. Northfield/Wi
  • Middle/Junior School: Wilmette Junior High School
  • Middle/Junior School District: 39

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Lease Amount: 135
  • Board Number: 2
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 4341
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Jul 27, 2023
Sold by
Caroline G Barker Declaration Of Trust
Bought by
Jacqueline Specr Trust and Jacqueline Spector Trust
Seller's Agent
Marion Wulff
Compass
Buyer's Agent
Stacy Rosenberg
Baird & Warner
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%
Total Days on Market
16
Views
175
Current Estimated Value
$480,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,822
Avg. Annual Appreciation
8.74%

Purchase Details

Closed on
Oct 23, 2012
Sold by
Barker William T and Barker Caroline G
Bought by
Barker Caroline G Trust and Caroline G Barker Trust

Purchase Details

Closed on
Sep 14, 2006
Sold by
Hoffman Mary F and Florence K Hoffman Trust
Bought by
Barker William T and Barker Caroline C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 1997
Sold by
Vilas Faith Lehman
Bought by
Vilas Faith Lehman and Faith Lehman Vilas Trust

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
Jacqueline Specr Trust $405,000 None Listed On Document
Barker Caroline G Trust -- --
Barker Caroline G Trust -- --
Caroline G Barker Trust -- --
Barker William T $410,000 Multiple
Vilas Faith Lehman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barry A Spector Trust $250,000
Previous Owner Barker Caroline G $280,000
Previous Owner Barker William T $294,356
Previous Owner Barker William T $293,000
Previous Owner Barker William T $89,500
Previous Owner Barker William T $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $405,000 -2.4% $285 / Sq Ft
06/18/2023 06/18/23 Pending -- -- --
06/17/2023 06/17/23 Price Changed $415,000 -2.4% $292 / Sq Ft
06/01/2023 06/01/23 For Sale $425,000 -- $300 / 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 $4,924 $29,083 $4,479 $24,604
2023 $4,924 $29,083 $4,479 $24,604
2022 $4,924 $29,083 $4,479 $24,604
2021 $4,341 $22,703 $5,864 $16,839
2020 $4,375 $22,703 $5,864 $16,839
2019 $4,218 $24,662 $5,864 $18,798
2018 $2,557 $16,933 $4,691 $12,242
2017 $2,512 $16,933 $4,691 $12,242
2016 $2,750 $16,933 $4,691 $12,242
2015 $2,309 $13,800 $4,265 $9,535
2014 $2,296 $13,800 $4,265 $9,535
2013 $2,781 $16,429 $4,265 $12,164
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11797172

Midwest Real Estate Data (MRED)

APN: 05-27-200-060-1042