NOT LISTED FOR SALE

1951 W Melrose St Unit 3 Chicago, IL 60657

Roscoe Village Neighborhood

Estimated Value: $457,704 - $650,000

2 Beds
2 Baths
-- Sq Ft
$200/mo HOA Fee

Last Sold August 22, 2019

Last sale price $427,000

Est. 30% increase in value since last sale

Current estimated payment $3,625/month

2 Days on Market

Highlights

  • Penthouse
  • Vaulted Ceiling
  • End Unit
  • Deck
  • Wood Flooring
  • 1-minute walk to Charles Fellger Park

About This Home

As of August 2019

STUNNING PENTHOUSE UNIT WITH 2 BED/ 2 BATH ON QUIET TREE LINED STREET IN HEART OF ROSCOE VILLAGE. PRIVATE STAIRCASE ENTRANCE LEADS TO SUNLIGHT-FILLED LAYOUT WITH SKYLIGHTS, CATHEDRAL CEILINGS AND LIGHT POURING IN FROM ALL SIDES. KITCHEN HAS GRANITE COUNTERTOPS WITH BREAKFAST BAR, SS APPLIANCES, MOSAIC TILE BACKSPLASH, AND CHERRY CABINETS. HARDWOOD FLOORS AND CROWN MOULDING THROUGHOUT. NEW MASTERBATH WITH MARBLE TILE AND WALK-IN SHOWER (2018). NEWER SOUTH-FACING DECK (2017) PERFECT FOR ENTERTAINING AND JULIET BALCONY OFF LIVING ROOM. GAS STARTING WOOD BURNING FIREPLACE, IN-UNIT LAUNDRY, AND TWO-CAR EXTERIOR TANDEM PARKING SPACE. JUST STEPS FROM RESTAURANTS, NIGHTLIFE, SHOPS, AND PAULINA BROWN LINE STOP. GREAT ASSOCIATION WITH STRONG RESERVES. NEW HIGH EFFICIENCY FURNACE (2018) AND A/C CONDESNER (2018), 50 GAL HOT WATER TANK (2015). FOR SALE BY OWNER

Last Agent to Sell the Property

Rick Ofman

Kiser Group Realty Inc License #475172869 Listed on: 06/24/2019

Last Buyer's Agent

Katie Mischka-Cibulsky

@properties Christie's International Real Estate License #475115441

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,516

Year Built

  • Built in 2000 | Remodeled in 2018

Lot Details

  • End Unit
  • Fenced Yard

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Penthouse
  • Brick or Stone Mason
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

  • 2 Parking Spaces
  • Off Alley Driveway
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • 100 Amp Service
  • Lake Michigan Water
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, security, exterior maintenance, lawn care, scavenger, snow removal
  • 3 Units
  • Property managed by self-managed

Amenities

  • Common Area
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,516

Year Built

Built in 2000 | Remodeled in 2018

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Penthouse
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Penthouse
  • Year Built: 2000
  • 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): Yes
  • Unit Floor Level: 3
  • Rehab Year: 2018
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2018

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Other Equipment: Humidifier, TV-Cable, TV-Dish, Security System, Intercom, CO Detectors, Ceiling Fan(s)
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Storms/Screens, Outdoor Grill, End Unit
  • Foundation Details: Concrete Perimeter
  • List Price: 424900
  • Lot Features: Common Grounds, Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Off Alley
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 200
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Management Company: self-managed
  • Management Contact Name: none
  • Management Phone: 555-555-5555
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Middle/Junior School District: 299

Lot Info

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

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 5515.98
  • Tax Year: 2017
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2019
Closed on
Aug 14, 2019
Sold by
Ofman Eric J and Ofman Jenny B
Bought by
Helms Eric L
Seller's Agent
Rick Ofman
Kiser Group Realty Inc
Buyer's Agent
Katie Mischka-Cibulsky
@properties Christie's International Real Estate
List Price
$424,900
Sold Price
$427,000
Premium/Discount to List
$2,100
0.49%
Current Estimated Value
$553,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,176
Avg. Annual Appreciation
4.29%
Original Mortgage
$362,950
Outstanding Balance
$319,811
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$233,366

Purchase Details

Listed on
Mar 17, 2014
Closed on
Jun 12, 2014
Sold by
Greco Jennifer L and Hastings Christopher M
Bought by
Ofman Eric J and Ofman Jenny B
Seller's Agent
Elizabeth LaTour
Baird & Warner
Buyer's Agent
Masha Block
Baird & Warner
List Price
$385,000
Sold Price
$380,000
Premium/Discount to List
-$5,000
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.28%

Purchase Details

Closed on
Feb 28, 2007
Sold by
Ronstadt Alexander and Ronstadt Zaida S
Bought by
Hastings Christopher M and Greco Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,600
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 29, 2005
Sold by
Ronstadt Alexander and Rondstadt Zaida S
Bought by
Ronstadt Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 29, 2004
Sold by
Forsberg Donna
Bought by
Ronstadt Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 17, 2004
Sold by
Ruiz Marcello
Bought by
Forsberg Donna

Purchase Details

Closed on
Sep 25, 2002
Sold by
Brown & Stasinski Inc
Bought by
Ruiz Marcello
Source: Public Records

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
Helms Eric L $427,000 Ata Gmt Title Agency
Ofman Eric J $380,000 Fidelity National Title
Hastings Christopher M $397,500 Git
Ronstadt Alexander -- Transtar National Title
Ronstadt Alexander $365,000 Multiple
Forsberg Donna $339,000 --
Ruiz Marcello $349,000 Ctic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Helms Eric L $362,950
Previous Owner Hastings Christopher M $317,600
Previous Owner Ronstadt Alexander $65,000
Previous Owner Ronstadt Alexander $292,000
Closed Ronstadt Alexander $54,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2019 11/20/19 Off Market $427,000 -- --
08/22/2019 08/22/19 Sold $427,000 +0.5% --
06/26/2019 06/26/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $424,900 +11.8% --
06/18/2014 06/18/14 Sold $380,000 -1.3% -- View Prior Sale
03/22/2014 03/22/14 Pending -- -- --
03/17/2014 03/17/14 For Sale $385,000 -- --
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 $5,998 $34,602 $12,090 $22,512
2023 $7,318 $31,741 $9,750 $21,991
2022 $7,318 $39,000 $9,750 $29,250
2021 $7,173 $39,000 $9,750 $29,250
2020 $5,458 $27,605 $4,056 $23,549
2019 $5,400 $30,308 $4,056 $26,252
2018 $5,308 $30,308 $4,056 $26,252
2017 $5,516 $28,999 $3,588 $25,411
2016 $5,808 $28,999 $3,588 $25,411
2015 $5,314 $28,999 $3,588 $25,411
2014 $4,366 $26,100 $2,769 $23,331
2013 $4,588 $27,854 $2,769 $25,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10428094

Midwest Real Estate Data (MRED)

APN: 14-19-432-054-1003