Seller's Agent in 2024
Peter Drossos
Peter Drossos Real Estate
(773) 593-5626
1 in this area
186 Total Sales
1722 Chesapeake Ln Unit 2 Schaumburg, IL 60193
South Schaumburg NeighborhoodEstimated Value: $276,000 - $309,000
2
Beds
2
Baths
1,000
Sq Ft
$236/mo
HOA Fee
Highlights
- Vaulted Ceiling
- Stainless Steel Appliances
- Skylights
- Robert Frost Junior High School Rated A-
- Balcony
- 1 Car Attached Garage
About This Home
As of January 2024Welcome home to a second floor, corner condominium unit in an excellent area! Follow the curves of the road off of Irving Park Road to a purely residential street on Chesapeake, which is dotted with similarly looking buildings flaunting pretty curb appeal on a wide planked street. But wait. There is so much more. The unit is stunning and intelligently designed. Walk into an inviting foyer area, and feel how the unit just opens up into your arms, and witness all that natural, crisp sunlight beam into your unit, and your heart. The airy living room serves as the nucleus of this unit; it connects the kitchen and both bedrooms. This sprawling living room spans about 25 feet and it boasts a stunning prefinished floor and an amazing balcony that also spans the length of the living room. Which, is, unheard of. Enjoy your meals on the balcony during those perfect spring and summer nights or place your holiday decorations on the balcony and light up your living from the inside looking out. Equally captivating, the living room opens up to a sprawling kitchen with an island that easily accommodates four persons, with its pretty quartz counter-tops, with its stainless steel appliances, with its movable kitchen island and with its pantry. The kitchen space is great. Then, there are two bedrooms. More like, two master bedrooms! Each bedroom is really spacious. But there is more. Each bedroom has excellent natural light exposure, has a surprising amount of closet space, has its own full bathroom and has its own door leading to the balcony. Wait, one more thing: each bedroom is also on the opposite end of the unit for that added sense of privacy. This unit also has a secret too! Each bedroom has a door leading to the balcony. Open up each bedroom door leading to the balcony. Then run laps around your unit like a track! Well...just think about it. This unit has it all: space, location, an in-unit washer and dryer, functionality, affordability, a balcony, highway accessibility, tons of nearby shopping and restaurant opportunities, parks, hospitals, malls and so much more. And, yes. You can rent out this unit - for a really good dollar too. A must see. A 10. You are guaranteed to love it.
Last Agent to Sell the Property
Peter Drossos Real Estate License #471010251 Listed on: 12/17/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,499
Year Built
- Built in 1991
Lot Details
- 16.13
HOA Fees
- $236 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,000 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Skylights
- Entrance Foyer
- Combination Dining and Living Room
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Outdoor Features
- Balcony
Schools
- Hanover Highlands Elementary Sch
- Robert Frost Junior High School
- Schaumburg High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- 100 Amp Service
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal
- 4 Units
- Peggy Association, Phone Number (630) 787-0305
- 2Nd Floor Condominium Unit
- Property managed by Williamson Management
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 17, 2023
Closed on
Jan 19, 2024
Sold by
Lopez Miriam D
Bought by
Waheed Saleem
Seller's Agent
Peter Drossos
Peter Drossos Real Estate
Buyer's Agent
Almas Malik
@properties Christie's International Real Estate
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%
Views
359
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
$28,134
Avg. Annual Appreciation
5.71%
Purchase Details
Listed on
Dec 17, 2023
Closed on
Dec 28, 2023
Sold by
Waheed Salem and Farah Zohra Khatoon
Bought by
Waheed
Seller's Agent
Peter Drossos
Peter Drossos Real Estate
Buyer's Agent
Almas Malik
@properties Christie's International Real Estate
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%
Views
359
Purchase Details
Closed on
Mar 23, 2005
Sold by
Morales Julio C and Morales Joya Lynn
Bought by
Lopez Miriam D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 2000
Sold by
Phillips Melvin F and Peete Phillips Illyasha
Bought by
Morales Julio C and Imperiale Joya Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,800
Interest Rate
8.56%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 18, 1998
Sold by
Bergren Craig L
Bought by
Phillips Melvin F and Peete Phillips Illyasha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,925
Interest Rate
6.68%
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 |
|---|---|---|---|
| Waheed Saleem | $260,000 | None Listed On Document | |
| Waheed | -- | None Listed On Document | |
| Lopez Miriam D | $205,000 | Git | |
| Morales Julio C | $129,500 | Professional National Title | |
| Phillips Melvin F | $119,500 | Professional National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lopez Miriam D | $85,000 | |
| Previous Owner | Morales Julio C | $125,800 | |
| Previous Owner | Phillips Melvin F | $115,925 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2024 01/19/24 | Sold | $260,000 | -1.9% | $260 / Sq Ft |
| 12/21/2023 12/21/23 | Pending | -- | -- | -- |
| 12/17/2023 12/17/23 | For Sale | $265,000 | -- | $265 / 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 | $3,661 | $19,038 | $2,460 | $16,578 |
| 2023 | $3,499 | $19,038 | $2,460 | $16,578 |
| 2022 | $3,499 | $19,038 | $2,460 | $16,578 |
| 2021 | $2,665 | $14,786 | $1,608 | $13,178 |
| 2020 | $2,741 | $14,786 | $1,608 | $13,178 |
| 2019 | $3,518 | $16,556 | $1,608 | $14,948 |
| 2018 | $2,364 | $11,311 | $1,324 | $9,987 |
| 2017 | $2,344 | $11,311 | $1,324 | $9,987 |
| 2016 | $2,435 | $11,311 | $1,324 | $9,987 |
| 2015 | $2,218 | $10,038 | $1,230 | $8,808 |
| 2014 | $2,210 | $10,038 | $1,230 | $8,808 |
| 2013 | $2,136 | $10,038 | $1,230 | $8,808 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Drossos
-
Almas Malik
Buyer's Agent in 2024
Almas Malik
@properties Christie's International Real Estate
(630) 873-0540
7 in this area
49 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11942425
APN: 07-32-100-041-1062
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