Seller's Agent in 2023
Rafay Qamar
Real Broker LLC
(773) 232-5871
1 in this area
1,094 Total Sales
The Opera Lofts 2545 S Dearborn St Unit 318 Chicago, IL 60616
Dearborn NeighborhoodEstimated Value: $266,000 - $319,000
1
Bed
1
Bath
893
Sq Ft
$290/mo
HOA Fee
Highlights
- Fitness Center
- Vaulted Ceiling
- Loft
- Lock-and-Leave Community
- Wood Flooring
- 5-minute walk to Williams Park
About This Home
As of November 2023Excellent one bedroom + loft. Enjoy classic architectural detailing complemented by modern upscale finishes and an abundance of textures. This unit has soaring ceilings heights and floor to ceiling windows. Building amenities include heated garage, fitness center and roof deck. Concrete between floors eliminates any sounds from surrounding units. The Opera Lofts building served as the design work shop and storage home for the world-famous Lyric Opera of Chicago. Today this unique space has been reinvented as dramatic and inspired loft residences with pieces from past operas displayed throughout the building. Own a piece of Chicago theatrical history today!
Last Agent to Sell the Property
Real Broker LLC License #475158420 Listed on: 09/01/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,808
Year Built
- Built in 1909 | Remodeled in 2006
Lot Details
- 0.89
HOA Fees
- $290 Monthly HOA Fees
Parking
- Attached Garage
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 893 Sq Ft Home
- Vaulted Ceiling
- Combination Dining and Living Room
- Loft
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Balcony
Schools
- Disney Elementary School Magnet
- Big Picture High School-Back Of
Utilities
- Central Air
- Heating System Uses Natural Gas
- 100 Amp Service
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, exercise facilities, exterior maintenance, scavenger, snow removal
- 93 Units
- Omar Association, Phone Number (800) 888-4444
- Mid-Rise Condominium
- Opera Lofts Subdivision
- Property managed by Connected Management Services
- Lock-and-Leave Community
- 7-Story Property
Amenities
- Sundeck
- Elevator
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2023
Closed on
Nov 17, 2023
Sold by
Zanger Michaela
Bought by
Perez Victor
Seller's Agent
Rafay Qamar
Real Broker LLC
Buyer's Agent
Darren Allen
Real Broker LLC
List Price
$269,000
Sold Price
$265,000
Premium/Discount to List
-$4,000
-1.49%
Views
63
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
$30,979
Avg. Annual Appreciation
6.23%
Original Mortgage
$265,000
Outstanding Balance
$260,406
Interest Rate
7%
Mortgage Type
VA
Estimated Equity
$35,573
Purchase Details
Closed on
Nov 13, 2017
Sold by
Hp Ventures Group Llc Dearborn Project
Bought by
Zanger Michaela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,893
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 |
|---|---|---|---|
| Perez Victor | $265,000 | Fortress Title | |
| Zanger Michaela | $212,500 | Stewart Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Perez Victor | $265,000 | |
| Previous Owner | Zanger Michaela | $187,500 | |
| Previous Owner | Zanger Michaela | $190,893 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2023 11/21/23 | Sold | $265,000 | 0.0% | $297 / Sq Ft |
| 10/25/2023 10/25/23 | Pending | -- | -- | -- |
| 09/16/2023 09/16/23 | Price Changed | $265,000 | -1.5% | $297 / Sq Ft |
| 09/01/2023 09/01/23 | For Sale | $269,000 | -- | $301 / 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 |
|---|---|---|---|---|
| 2024 | $5,050 | $26,633 | $1,609 | $25,024 |
| 2023 | $4,900 | $27,172 | $1,302 | $25,870 |
| 2022 | $4,900 | $27,172 | $1,302 | $25,870 |
| 2021 | $4,808 | $27,170 | $1,301 | $25,869 |
| 2020 | $3,433 | $15,409 | $2,213 | $13,196 |
| 2019 | $3,096 | $15,409 | $2,213 | $13,196 |
| 2018 | $3,044 | $15,409 | $2,213 | $13,196 |
| 2017 | $1,747 | $8,116 | $1,032 | $7,084 |
| 2016 | $1,626 | $8,116 | $1,032 | $7,084 |
| 2015 | $1,487 | $8,116 | $1,032 | $7,084 |
Source: Public Records
Agents Affiliated with this Home
-
Rafay Qamar
-
Darren Allen
Buyer's Agent in 2023
Darren Allen
Real Broker LLC
(224) 707-2500
1 in this area
247 Total Sales
About The Opera Lofts
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11874981
APN: 17-28-237-039-1075
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