Seller's Agent in 2020
Margaret Wilczek
Berkshire Hathaway HomeServices Chicago
(312) 560-9095
2 Total Sales
The Fairbanks at Cityfront Plaza 240 E Illinois St Unit 3004 Chicago, IL 60611
Streeterville NeighborhoodEstimated Value: $608,939 - $695,000
2
Beds
2
Baths
1,293
Sq Ft
$1,002/mo
HOA Fee
Highlights
- Lake Front
- Wood Flooring
- Stainless Steel Appliances
- Double Shower
- Den
- Balcony
About This Home
As of October 2020Modern penthouse home with desirable split 2BR/2Bth + Den floor-plan. City and lake views from 10' high floor-to-ceilings windows. Hardwood floors through add to spaciousness & airiness of the house. Comfortable, roomy living room accommodates dining table if needed. SS Kitchen with quality appliances and abundance of cabinets offers adequate granite counter & storage space. Big island seats 4. MBr suite with relaxing views fits kingsize bed, nightstands and dresser. Upgraded marble bath with double in size shower, double vanity and linen closet. The 2nd br adjacent to marble bath and the 2nd large linen closet is across. There is total of 6 closets. The condo is used as in-town property and den as an additional bedroom. Balcony out of the living area adds to enjoyment and Washer/Dryer to the comfort. Storage locker is included. Assessments include All except electric bill. The building is perfectly located one block E of Michigan Ave nestled on a quiet cul-de-sac behind the Chicago Tribune building. The City Front Plaza is a well run full amenity building with over $2.5M in reserves and no special assessments. It has 24 h doorman, 2 fitness centers, outdoor plunge pool, theater room, the community yard + party room, guests garage parking and Whole Foods. Garage space $35,000.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Chicago License #475141913 Listed on: 09/09/2020
Last Buyer's Agent
Steve Otwell
@properties Christie's International Real Estate License #475173407
Property Details
Home Type
- Condominium
Year Built
- 2008
Lot Details
- 2.32
HOA Fees
- $1,002 per month
Parking
- Attached Garage
- Parking Included in Price
Home Design
- Stone Siding
Interior Spaces
- Entrance Foyer
- Den
- Storage Room
- Wood Flooring
Kitchen
- Oven or Range
- Range Hood
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- Primary Bathroom is a Full Bathroom
- Dual Sinks
- Double Shower
- Separate Shower
Laundry
- Dryer
- Washer
Additional Features
- North or South Exposure
- Lake Front
- City Lot
- Forced Air Heating and Cooling System
Community Details
Amenities
- Common Area
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2020
Closed on
Oct 23, 2020
Sold by
Zielinski Thomas J and Zielinski Angella
Bought by
Lee Byung Joo and Lee Mary J
Seller's Agent
Margaret Wilczek
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Steve Otwell
@properties Christie's International Real Estate
List Price
$610,000
Sold Price
$590,000
Premium/Discount to List
-$20,000
-3.28%
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
$53,345
Avg. Annual Appreciation
1.97%
Original Mortgage
$300,000
Outstanding Balance
$264,254
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$389,726
Purchase Details
Closed on
Apr 29, 2008
Sold by
Cfp Garage Llc
Bought by
Zielinski Thomas J and Zielinski Angella
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving
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 |
|---|---|---|---|
| Lee Byung Joo | $590,000 | Cambridge Title Company | |
| Zielinski Thomas J | -- | Multiple | |
| Zielinski Thomas J | $716,500 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lee Byung Joo | $300,000 | |
| Previous Owner | Zielinski Thomas J | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2020 10/23/20 | Sold | $590,000 | +6.3% | $456 / Sq Ft |
| 09/18/2020 09/18/20 | Pending | -- | -- | -- |
| 09/16/2020 09/16/20 | Price Changed | $555,000 | -5.9% | $429 / Sq Ft |
| 09/15/2020 09/15/20 | Price Changed | $590,000 | +6.3% | $456 / Sq Ft |
| 09/15/2020 09/15/20 | Price Changed | $555,000 | -9.0% | $429 / Sq Ft |
| 09/09/2020 09/09/20 | For Sale | $610,000 | -- | $472 / 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 |
|---|---|---|---|---|
| 2025 | $12,078 | $58,518 | $9,597 | $48,921 |
| 2024 | $12,078 | $58,518 | $9,597 | $48,921 |
| 2023 | $11,774 | $57,247 | $7,740 | $49,507 |
| 2022 | $11,774 | $57,247 | $7,740 | $49,507 |
| 2021 | $11,512 | $57,246 | $7,739 | $49,507 |
| 2020 | $12,750 | $57,234 | $5,970 | $51,264 |
| 2019 | $12,484 | $62,137 | $5,970 | $56,167 |
| 2018 | $12,274 | $62,137 | $5,970 | $56,167 |
| 2017 | $11,525 | $53,539 | $2,416 | $51,123 |
| 2016 | $10,723 | $53,539 | $2,416 | $51,123 |
| 2015 | $9,811 | $53,539 | $2,416 | $51,123 |
| 2014 | $7,734 | $41,685 | $1,879 | $39,806 |
| 2013 | $7,581 | $41,685 | $1,879 | $39,806 |
Source: Public Records
Agents Affiliated with this Home
-
Margaret Wilczek
-
Steve Otwell
Buyer's Agent in 2020
Steve Otwell
@ Properties
(312) 402-8976
4 in this area
123 Total Sales
About The Fairbanks at Cityfront Plaza
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10852071
APN: 17-10-212-040-1225
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