$418,000
SOLD SEP 9, 2024
1 Bed
1.5 Baths
1,146 Sq Ft
$1,042/mo HOA Fee

Recently Sold

$365 Per Sq Ft

2% Above List Price

17 Days on Market

Highlights

  • Waterfront
  • Lock-and-Leave Community
  • Party Room
  • Central Elementary School Rated A
  • Community Pool
  • 4-minute walk to Langdon Park

About This Home

As of September 2024

Fabulous lake views and an oversized balcony overlooking the beach make this a very special place to call home. This huge one plus bedroom condo features new LVT flooring, new custom window blinds, in-unit washer dryer, and 1.5 baths. The terrific loft-style floor plan features a generous living/dining space perfect for entertaining. Kitchen has good storage and counter space. 1616 Sheridan is the hot building on the Sheridan Road strip having recently undergone millions of dollars in recent improvements, including a stunning lobby and stylish hallways, all new windows and sliding glass doors throughout building, and newer elevators & mechanical improvements. 1616 has excellent reserves and a full list of building updates available. This full amenity building offers 24-hour valet garage parking, a large outdoor swimming pool with waterfall and terraced dining area, a rare generous sandy private beach with a big pier, party room with kitchen off the pool for entertaining, a guest suite that can be rented for $85/night, and excellent on-site management & building engineer. Professional landscaping by Chalet. Listen to the waves and enjoy the gorgeous sun rises every morning here, overlooking the sandy private beach area and pier. Walk across the street to all that Plaza del Lago offers including Starbucks, great restaurants & fresh seafood, Jewel, CVS, dry cleaner, and shopping. Langdon Park is just down the block. A carefree beach lifestyle awaits you! Indoor heated garage parking is available at $135/ month per car, reserved exterior space $60 per month.

Last Agent to Sell the Property

Chris Veech

@properties Christie's International Real Estate License #475144331 Listed on: 08/01/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Anne DuBray

Coldwell Banker Realty License #475128276

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,146

Year Built

  • Built in 1967

HOA Fees

  • $1,042 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,146 Sq Ft Home
  • Ceiling Fan
  • Entrance Foyer
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Schools

  • Central Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Additional Features

  • Balcony

Community Details

Overview

  • Association fees include heat, air conditioning, water, insurance, security, tv/cable, pool, exterior maintenance, lawn care, scavenger, snow removal, lake rights, internet
  • 82 Units
  • Lyn Dee Association, Phone Number (847) 256-2550
  • Property managed by Chicago Management
  • Lock-and-Leave Community
  • 10-Story Property

Amenities

  • Sundeck
  • Building Patio
  • Party Room
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Package Room
  • Community Storage Space

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,146

Year Built

Built in 1967

Lot Details

0

HOA Fees

$1,042 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: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 8
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • LivingArea: 1146
  • Room Type: Balcony/Porch/Lanai, Foyer
  • Stories Total: 10
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Square Footage Comments: Floor Plans
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Plans

Exterior Features

  • List Price: 410000
  • Waterfront: Yes
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Electric Dryer Hookup, In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 1042
  • Association Amenities: Coin Laundry, Elevator(s), Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Security Door Lock(s), Service Elevator(s), Ceiling Fan, Laundry, In Ground Pool, Patio, Water View
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Chicago Management
  • Management Contact Name: Lyn Dee
  • Management Phone: 847-256-2550
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Central Elementary School
  • Middle/Junior School District: 39

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 4146
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Aug 9, 2024
Sold by
Donald J Blyth Jr Revocable Trust and Blyth Donald J
Bought by
Selzer John M
Seller's Agent
Chris Veech
@properties Christie's International Real Estate
Buyer's Agent
Anne DuBray
Coldwell Banker Realty
List Price
$410,000
Sold Price
$418,000
Premium/Discount to List
$8,000
1.95%
Views
18
Current Estimated Value
$429,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,688
Avg. Annual Appreciation
1.68%

Purchase Details

Listed on
Mar 30, 2022
Closed on
May 9, 2022
Sold by
Worelaw Cynthea
Bought by
Donald J Blyth Jr Revocable Trust
Seller's Agent
Elizabeth Van Horn
@properties Christie's International Real Estate
Buyer's Agent
Erin Doubleday
@properties Christie's International Real Estate
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.15%

Purchase Details

Listed on
Dec 21, 2015
Closed on
Apr 13, 2016
Sold by
Gilbert Vera B and Vera B Gilbert Trust
Bought by
Wardlaw Cynthia
Seller's Agent
Jacqueline Black
Coldwell Banker Residential
Buyer's Agent
Michael Boyer
Strauss Realty Ltd
List Price
$170,000
Sold Price
$155,000
Premium/Discount to List
-$15,000
-8.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.80%
Original Mortgage
$100,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2003
Sold by
Warren Bret and Ballarini Warren Donna
Bought by
Gilbert Vera B and Vera B Gilbert Trust

Purchase Details

Closed on
Jan 22, 2001
Sold by
Ballarini Mary and Warren Bret
Bought by
Warren Bret and Ballarini Warren Donna

Purchase Details

Closed on
Jul 14, 2000
Sold by
Amalgamated Bank Of Chicago
Bought by
Ballarini Mary and Warren Bret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
8.31%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $418,000 None Listed On Document
Warranty Deed $320,000 Chicago Title
Trustee Deed $155,000 Fidelity National Title
Warranty Deed $245,000 Multiple
Interfamily Deed Transfer -- --
Deed $170,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 New Conventional
Previous Owner $136,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 Sold $418,000 +2.0% $365 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
07/20/2024 07/20/24 For Sale $410,000 +28.1% $358 / Sq Ft
05/12/2022 05/12/22 Sold $320,000 -1.5% $320 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $325,000 +109.7% $325 / Sq Ft
05/04/2016 05/04/16 Sold $155,000 -6.1% $155 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
02/03/2016 02/03/16 Price Changed $165,000 -2.9% $165 / Sq Ft
12/21/2015 12/21/15 For Sale $170,000 -- $170 / 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 $4,146 $18,273 $2,814 $15,459
2023 $2,602 $18,273 $2,814 $15,459
2022 $2,602 $18,273 $2,814 $15,459
2021 $3,706 $14,264 $3,684 $10,580
2020 $2,218 $14,264 $3,684 $10,580
2019 $2,127 $15,495 $3,684 $11,811
2018 $1,060 $10,639 $2,947 $7,692
2017 $2,461 $10,639 $2,947 $7,692
2016 $2,312 $10,639 $2,947 $7,692
2015 $2,152 $8,670 $2,679 $5,991
2014 $2,118 $8,670 $2,679 $5,991
2013 $2,408 $10,321 $2,679 $7,642
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12116734

Midwest Real Estate Data (MRED)

APN: 05-27-200-060-1083