$874,375
SOLD AUG 15, 2022

201 W Grand Ave Unit PH6 Chicago, IL 60654

River North Neighborhood
2 Beds
2 Baths
1,750 Sq Ft
$1,086/mo HOA Fee

Recently Sold

$500 Per Sq Ft

5% Below List Price

41 Days on Market

Highlights

  • Penthouse
  • 3-minute walk to Merchandise Mart Station
  • Den
  • Wood Flooring
  • End Unit
  • Elevator

About This Home

As of August 2022

A highly upgraded 1750 sf split two-bedroom, two bath penthouse unit at the Contemporaine, a luxurious, award-winning and dramatic Boutique condo building. The building's chic contemporary design consists entirely of glass and concrete. Located in the trendy River North neighborhood, this modern loft-like unit offers the perfect blend of luxury and modern sophistication. Bright and airy with 9'6" ceilings and expansive urban views from the floor to ceiling windows. The larger living, dining and kitchen/great room offers lots of shared space for seating and entertaining. The kitchen features luxury Bulthaup cabinetry and SubZero/Miele appliances and was upgraded with Studio 41 fixtures, and a Bulthaup pantry and roll door that opens to reveal the appliance garage, with wine cooler. The large primary bedroom offers an extravagant spa bath and custom closets. Generous second bedroom. Two balconies. Heated garage parking included in the price. Easy walk to restaurants, bars, work and entertainment, as well as the East Bank Club and the Merchandise Mart. Convenient to the Loop, Expressways, Lake Shore Drive and both O'Hare and Midway. The Contemporaine was awarded five AIA honors for architecture and is a modern departure from other Chicago hi-rises. You won't be disappointed! Exclusions: the wall mounted furniture - Dining Buffet, Living Room Bookcase, and 2nd Bedroom/Office Desk.

Last Agent to Sell the Property

Elizabeth Ballis

Compass License #475081668 Listed on: 05/12/2022

Compass

Co-Listed By

Deborah Ballis

Compass License #475136564

Last Buyer's Agent

Kenneth Dooley

Compass License #475145943

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,682

Year Built

  • Built in 1999 | Remodeled in 2016

Lot Details

  • End Unit
  • Additional Parcels

HOA Fees

  • $1,086 Monthly HOA Fees

Parking

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

Home Design

  • Penthouse
  • Reinforced Caisson Foundation
  • Rubber Roof

Interior Spaces

  • 1,750 Sq Ft Home
  • Living Room
  • Formal Dining Room
  • Den
  • Wood Flooring

Kitchen

  • <<microwave>>
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, insurance, security, exterior maintenance, lawn care, scavenger, snow removal
  • 26 Units
  • Richard M. Holtzman Association, Phone Number (773) 878-3300
  • Property managed by PRAIRIE SHORES PROPERTY MANAGEMENT LLC
  • 11-Story Property

Amenities

  • Elevator
  • Package Room

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,682

Year Built

Built in 1999 | Remodeled in 2016

Lot Details

0

HOA Fees

$1,086 per month

Parking

1

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: 1999
  • Age: 21-25 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: 11
  • Rehab Year: 2016
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11
  • Year Renovated: 2016

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • LivingArea: 1750
  • Other Equipment: Humidifier, TV-Cable
  • Room Type: Den
  • Stories Total: 11
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony, End Unit
  • Foundation Details: Reinforced Caisson
  • List Price: 895000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 1086
  • Association Amenities: Elevator(s), Receiving Room
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: PRAIRIE SHORES PROPERTY MANAGEMENT LLC
  • Management Contact Name: Richard M. Holtzman
  • Management Phone: 773-878-3300
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: Yes
  • 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: 17681.59
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jul 29, 2022
Sold by
Nicholas Basil Foussianes and Nicholas Elisabeth
Bought by
Steven Dnaiel Lindsey Trust and Betsy Jo Gomberg Trust
Seller's Agent
Elizabeth Ballis
Compass
Buyer's Agent
Kenneth Dooley
Compass
List Price
$925,000
Sold Price
$874,375
Premium/Discount to List
-$50,625
-5.47%
Current Estimated Value
$832,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,977
Avg. Annual Appreciation
-2.35%
Original Mortgage
$437,187
Outstanding Balance
$420,735
Interest Rate
5.5%
Mortgage Type
Balloon
Estimated Equity
$395,018

Purchase Details

Listed on
Feb 13, 2016
Closed on
May 11, 2016
Sold by
Emanuel Robert
Bought by
The Nicholas Basil Fousslanes & Elisabet
Seller's Agent
Ivona Kutermankiewicz
Jameson Sotheby's Intl Realty
Buyer's Agent
Teresa Costantini Levin
Berkshire Hathaway HomeServices Chicago
List Price
$899,900
Sold Price
$899,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.46%
Original Mortgage
$719,920
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2013
Closed on
Jun 17, 2013
Sold by
Goodman Laura
Bought by
Emanuel Robert
Seller's Agent
Heather Gustafson
Compass
Buyer's Agent
Ivona Kutermankiewicz
Jameson Sotheby's Intl Realty
List Price
$799,900
Sold Price
$792,500
Premium/Discount to List
-$7,400
-0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%
Original Mortgage
$623,200
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 24, 2005
Sold by
520 N Wells Llc
Bought by
Goodman Laura and Goodman Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac
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 $874,500 Chicago Title
Warranty Deed $900,000 Stewart Title
Warranty Deed $792,500 1St American Title
Special Warranty Deed $742,000 Multiple
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $437,187 Balloon
Previous Owner $682,000 New Conventional
Previous Owner $703,000 New Conventional
Previous Owner $719,920 New Conventional
Previous Owner $35,000 Credit Line Revolving
Previous Owner $623,200 Adjustable Rate Mortgage/ARM
Previous Owner $400,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $874,375 -2.3% $500 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
05/22/2022 05/22/22 Price Changed $895,000 -3.2% $511 / Sq Ft
05/12/2022 05/12/22 For Sale $925,000 +2.8% $529 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $899,900 0.0% $514 / Sq Ft
05/13/2016 05/13/16 Sold $899,900 +13.6% $514 / Sq Ft
08/12/2013 08/12/13 Sold $792,500 -0.9% $453 / Sq Ft
06/15/2013 06/15/13 Pending -- -- --
06/15/2013 06/15/13 For Sale $799,900 -- $457 / 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 $16,457 $78,889 $6,118 $72,771
2023 $15,340 $78,000 $4,934 $73,066
2022 $15,340 $78,000 $4,934 $73,066
2021 $15,015 $77,999 $4,933 $73,066
2020 $16,765 $78,361 $3,806 $74,555
2019 $16,410 $85,108 $3,806 $81,302
2018 $16,133 $85,108 $3,806 $81,302
2017 $15,387 $74,852 $3,242 $71,610
2016 $14,492 $74,852 $3,242 $71,610
2015 $13,236 $74,852 $3,242 $71,610
2014 $10,322 $55,631 $2,537 $53,094
2013 $9,640 $55,631 $2,537 $53,094
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11391533

Midwest Real Estate Data (MRED)

APN: 17-09-244-018-1025