NOT LISTED FOR SALE

2502 W Balmoral Ave Unit 1C Chicago, IL 60625

Lincoln Square Neighborhood

Estimated Value: $370,000 - $410,908

2 Beds
2 Baths
1,550 Sq Ft
$301/mo HOA Fee

Last Sold August 23, 2016

Last sale price $220,750 $142 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,837/month

12 Days on Market

Highlights

  • Wood Flooring
  • Kitchen Island
  • Southern Exposure
  • Storage
  • Forced Air Heating and Cooling System
  • Dining Area

About This Home

As of August 2016

Located just a few blocks north of Lincoln Square on quiet Balmoral Ave... come see what 1500+ sqft of updated living space looks like with out the Lincoln Square Prices! Check out the great layout of this duplex condo with 2 great levels of living space. You will love the owners recent updates... with new paint, carpet and refinished hardwood floors nothing to do but move in and call this place home. The bright lower level boasts 9 foot ceilings and 2 bedrooms featuring an oversized master with walk in closet and a beautiful marble master bath. With in unit washer dryer, additional storage, bike room, and desirable offstreet parking included in the price this unit has it all. Small assocation... only 12 units in the building. Don't miss this great new price!

Last Agent to Sell the Property

Daniel Marks

@properties Christie's International Real Estate License #471015768 Listed on: 06/30/2016

@properties Christie's International Real Estate

Last Buyer's Agent

Gerardo Garcia

@properties Christie's International Real Estate License #475159999

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,730

Year Built

  • 1940

Lot Details

  • Southern Exposure

HOA Fees

  • $301 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Dining Area
  • Storage
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Parking Available
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,730

Year Built

1940

Lot Details

0

HOA Fees

$301 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: 1
  • Age: 71-80 Years
  • Full Bathrooms: 2
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1940
  • Tax Exemptions: Homeowner
  • Type Attached: 1/2 Duplex, Condo, Condo-Duplex
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1940

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 6
  • Living Room: Dimensions: 19X11, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 18X9, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 11X10, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Island
  • Additional Rooms: Eating Area
  • Master Bedroom: Dimensions: 20X15, On Level: Lower, Flooring: Carpet
  • Additional Room 1 Name: Eating Area, Dimensions: 7X7, On Level: Main Level
  • Bedroom 2: Dimensions: 14X10, On Level: Lower, Flooring: Carpet
  • Estimated Sq Ft: 1550
  • Dining Room Type: Separate

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Storms/Screens
  • Exposure: S (South)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Street
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Storage
  • Assessment Includes: Water, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 301
  • Management Contact Name: Randy Rosen
  • Management Phone: 000-000-0000

Fee Information

  • Management Company: Rosen Management Company

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 13122160391003

Multi Family

  • Total Number Unitsin Building: 12
  • Number Stories: 3

Tax Info

  • Taxes: 3842

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2016
Closed on
Aug 17, 2016
Sold by
Voracek Matthew J and Castro Elizabeth C
Bought by
Schuster Scott A
Seller's Agent
Daniel Marks
@properties Christie's International Real Estate
Buyer's Agent
Gerardo Garcia
@properties Christie's International Real Estate
List Price
$229,000
Sold Price
$220,750
Premium/Discount to List
-$8,250
-3.6%
Current Estimated Value
$386,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,977
Avg. Annual Appreciation
6.33%
Original Mortgage
$214,127
Outstanding Balance
$172,322
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$214,405

Purchase Details

Closed on
Jun 24, 2002
Sold by
Reilly Michael J and Sachter Tina N
Bought by
Voracek Matthew J and Castro Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
6.82%

Purchase Details

Closed on
Jan 14, 1999
Sold by
Lincoln Ridge Development Llc
Bought by
Reilly Michael J and Sachter Tina N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,400
Interest Rate
6.81%
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
Schuster Scott A $221,000 Stewart Title
Voracek Matthew J $210,000 --
Reilly Michael J $144,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schuster Scott A $214,127
Previous Owner Voracek Matthew J $199,500
Previous Owner Reilly Michael J $104,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2016 08/23/16 Sold $220,750 -3.6% $142 / Sq Ft
07/12/2016 07/12/16 Pending -- -- --
06/30/2016 06/30/16 For Sale $229,000 -- $148 / 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 $5,730 $36,827 $3,336 $33,491
2023 $5,565 $30,477 $15,997 $14,480
2022 $5,565 $30,477 $15,997 $14,480
2021 $5,459 $30,475 $15,996 $14,479
2020 $4,622 $23,852 $16,098 $7,754
2019 $4,644 $26,546 $16,098 $10,448
2018 $4,565 $26,546 $16,098 $10,448
2017 $4,352 $23,593 $14,404 $9,189
2016 $4,225 $23,593 $14,404 $9,189
2015 $3,843 $23,593 $14,404 $9,189
2014 $5,013 $29,589 $12,709 $16,880
2013 $4,903 $29,589 $12,709 $16,880
Source: Public Records

Agents Affiliated with this Home

  • Daniel Marks

    Seller's Agent in 2016

    Daniel Marks

    @ Properties

    (312) 823-3982

    11 Total Sales

    Daniel Marks
    Section Image
  • Gerardo Garcia

    Buyer's Agent in 2016

    Gerardo Garcia

    @ Properties

    (773) 319-5007

    131 Total Sales

    Gerardo Garcia
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09273039

Midwest Real Estate Data (MRED)

APN: 13-12-216-039-1003

Illinois Cook County Chicago 60625 Lincoln Square

2502 W Balmoral Ave Unit 1C, Chicago, IL

This home is located at 2502 W Balmoral Ave Unit 1C, Chicago, IL 60625 since 30 June 2016 and is currently estimated at $386,727, approximately $249 per square foot. This property was built in 1940. 2502 W Balmoral Ave Unit 1C is a home located in Cook County with nearby schools including Jamieson Elementary School, Mather High School, and St. Philip Lutheran School.

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