NOT LISTED FOR SALE

Estimated Value: $273,000 - $422,000

2 Beds
1 Bath
-- Sq Ft
0.48 Acres Lot

Sale Details

Date Sold: July 25, 2022

Last sale price $320,000

Est. 8% increase in value since last sale

Current estimated payment $3,367 / mo

65 Days on Market

Highlights

  • Doorman
  • Party Room
  • Elevator
  • Fitness Center
  • Sundeck
  • 1-minute walk to Lake Shore Park

About This Home

As of July 2022

A Premier Streeterville location- Pearson on the Park! Just steps from the Lake, The Magnificent Mile and adjacent to the Museum of Contemporary Art, Water Tower Square, Broadway Playhouse and John Hancock Center. This recently renovated, corner unit, 2 bed/1 bath offers southern exposure, newly refinished hardwood floors, new lighting and new (neutral) paint throughout. The kitchen boasts white cabinetry, granite counters with a matching backsplash, new hardware, new tile flooring, stainless appliances and a separate dining area. The spacious primary bedroom offers new carpet and ample closet space. The lovely balcony off of the living overlooks Lakeshore Park & the MCA with expansive lake and city views. In unit washer and dryer, additional storage locker, and a valet heated parking space included. Full service building offers a beautiful lobby, gym, party room, rooftop deck overlooking the park and Navy Pier with new furniture and grills in 2021. 24 hours door staff, building maintenance and a cleaners within the building.

Last Agent to Sell the Property

Maureen Chwarzynski

Baird & Warner License #475173472 Listed on: 05/04/2022

Baird & Warner

Last Buyer's Agent

Veronica Miklusicak

@properties Christie's International Real Estate License #475139463

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,804

Year Built

  • Built in 1963 | Remodeled in 2019

Lot Details

  • 0.48

HOA Fees

  • $924 Monthly HOA Fees

Parking

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

Interior Spaces

  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Outdoor Features

Schools

  • Ogden International Elementary School
  • Wells Community Academy Senior H High School

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, air conditioning, water, parking, insurance, security, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger
  • 219 Units
  • Elizabeth Sarthy Association, Phone Number (312) 440-1922
  • Pearson On The Park Subdivision
  • Property managed by First residential
  • 28-Story Property

Amenities

  • Doorman
  • Sundeck
  • Party Room
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Package Room

Recreation

  • Bike Trail

Pet Policy

  • Pets up to 75 lbs
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,804

Year Built

Built in 1963 | Remodeled in 2019

Lot Details

0.48 Acres

HOA Fees

$924 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
  • Subdivision Name: Pearson on the Park
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 19
  • Rehab Year: 2019
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 28
  • Year Renovated: 2019

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 28
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick,Concrete

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 924
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Receiving Room, Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee Frequency: Not Required
  • Management Company: First residential
  • Management Contact Name: Elizabeth Sarthy
  • Management Phone: 312-440-1922
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Parking, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger

Schools

  • Elementary School: Ogden International
  • High School: Wells Community Academy Senior H

Lot Info

  • 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: 75

Tax Info

  • Tax Annual Amount: 6804.02
  • Tax Year: 2020

Multi Family

  • Units in Building: 219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Jul 23, 2022
Sold by
Babu Lekha
Bought by
Schafer James Guy and Schafer Jolene Debra
Seller's Agent
Maureen Chwarzynski
Baird & Warner
Buyer's Agent
Veronica Miklusicak
@properties Christie's International Real Estate
List Price
$359,500
Sold Price
$320,000
Premium/Discount to List
-$39,500
-10.99%
Current Estimated Value
$345,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,886
Avg. Annual Appreciation
2.07%
Original Mortgage
$235,000
Outstanding Balance
$224,622
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$121,264

Purchase Details

Closed on
Dec 17, 2010
Sold by
Babu Lekha
Bought by
Babu Lekha and Babu Kamalesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2010
Sold by
Babu Kamalesh
Bought by
Babu Lekha and Lekha Babu Declaration Of Trust

Purchase Details

Closed on
May 21, 2008
Sold by
Babu Kamalesh and Babu Lekha
Bought by
Babu Kamalesh and Kamalesh Babu Declaration Of Trust

Purchase Details

Closed on
Jan 4, 2007
Sold by
222 East Pearson Reo Llc
Bought by
Babu Kamalesh and Babu Lekha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,024
Interest Rate
6.24%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Schafer James Guy $345,000 Carrington Title Partners
Babu Lekha -- Fidelity Natl Title Ins Co
Babu Lekha -- Cti
Babu Kamalesh -- Cti
Babu Kamalesh $447,500 Lawyers
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Schafer James Guy $235,000
Previous Owner Babu Lekha $125,000
Previous Owner Babu Kamalesh $389,024
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2022 07/25/22 Sold $320,000 -11.0% --
07/09/2022 07/09/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $359,500 0.0% --
03/24/2020 03/24/20 Rented $2,600 -1.9% --
02/04/2020 02/04/20 For Rent $2,650 +8.2% --
04/15/2018 04/15/18 Rented $2,450 -2.0% --
03/23/2018 03/23/18 Under Contract -- -- --
03/02/2018 03/02/18 Price Changed $2,500 0.0% --
03/02/2018 03/02/18 For Rent $2,500 -2.0% --
02/28/2018 02/28/18 Off Market $2,550 -- --
10/14/2017 10/14/17 For Rent $2,550 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $7,173 $34,216 $3,337 $30,879
2024 $7,173 $34,216 $3,337 $30,879
2023 $6,993 $34,000 $2,698 $31,302
2022 $6,993 $34,000 $2,698 $31,302
2021 $6,837 $33,999 $2,698 $31,301
2020 $6,804 $30,543 $1,881 $28,662
2019 $6,660 $33,147 $1,881 $31,266
2018 $6,548 $33,147 $1,881 $31,266
2017 $6,640 $30,844 $1,504 $29,340
2016 $6,178 $30,844 $1,504 $29,340
2015 $5,652 $30,844 $1,504 $29,340
2014 $4,652 $25,071 $1,209 $23,862
2013 $4,560 $25,071 $1,209 $23,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11393712

Midwest Real Estate Data (MRED)

APN: 17-03-227-024-1152

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