NOT LISTED FOR SALE

2551 W Arthur Ave Unit 3W Chicago, IL 60645

West Ridge Neighborhood

Estimated Value: $277,000 - $401,000

3 Beds
2 Baths
1,500 Sq Ft
$200/mo HOA Fee

Last Sold December 10, 2021

Last sale price $279,900 $187 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,503/month

3 Days on Market

About This Home

As of December 2021

Luxury top-floor 3 bedroom, 2 bath in desirable West Ridge built in 2008; featuring high ceilings, crown molding, hardwood floors throughout, gas fireplace, garment kitchen, breakfast bar, granite countertops, stainless-steel appliances, open dinning area, private balcony, storage, full size washer and dryer, and on-site garage parking. Large master bedroom features ensuite bath with separate standing shower and jet tub. Conveniently located near parks, schools, shopping, public transportation, and more! USAGE RIGHTS TO ROOFTOP

Last Agent to Sell the Property

Alam Chunawala

Coldwell Banker Realty License #475167665 Listed on: 11/05/2021

Coldwell Banker Realty

Last Buyer's Agent

Clarissa Vega

Avenue Properties Chicago License #475190442

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,486

Year Built

  • 2008

Lot Details

  • 5,271

HOA Fees

  • $200 per month

Parking

  • Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Community Details

Overview

  • 5 Units

Pet Policy

  • Pets Allowed
  • Pets up to 25 lbs

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,486

Year Built

2008

Lot Details

0

HOA Fees

$200 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo
  • Property Sub Type: Condo
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • Directions: WEST ON ARTHUR, CORNER OF ARTHUR AND ROCKWELL
  • Lot Size: COMMON
  • New Construction: No
  • Ownership: Condo
  • Special Features: None
  • Year Built: 2008

Interior Features

  • Has Basement: None
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Dining Room Type: No additional rooms
  • Stories: 3

Exterior Features

  • Exterior Building Type: Brick
  • Lot Features: Corner Lot, Fenced Yard
  • Waterfront: No

Garage/Parking

  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Management Company: UNKNOWN
  • Management Contact Name: UNKNOWN
  • Management Phone: 999-999-9999
  • Amenities: Storage
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK

Fee Information

  • Association Fee Includes: Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Junior High Dist: 299

Lot Info

  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 25

Multi Family

  • Units in Building: 5

Tax Info

  • Tax Annual Amount: 4635
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 7, 2022
Sold by
Chunawala Alam
Bought by
Johnson Robert
Seller's Agent
Alam Chunawala
Coldwell Banker Realty
Buyer's Agent
Clarissa Vega
Avenue Properties Chicago
List Price
$279,900
Sold Price
$279,900
Current Estimated Value
$346,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,972
Avg. Annual Appreciation
5.76%
Original Mortgage
$251,910
Outstanding Balance
$231,285
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$115,587

Purchase Details

Listed on
Nov 5, 2021
Closed on
Dec 10, 2021
Sold by
Chunawala Alam
Bought by
Johnson Robert
Seller's Agent
Alam Chunawala
Coldwell Banker Realty
Buyer's Agent
Clarissa Vega
Avenue Properties Chicago
List Price
$279,900
Sold Price
$279,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,910
Outstanding Balance
$231,285
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$115,587

Purchase Details

Listed on
Jul 5, 2018
Closed on
Aug 27, 2018
Sold by
4463929396 Llc
Bought by
Chunawala Alam
Seller's Agent
Jane Lee
RE/MAX Top Performers
Buyer's Agent
Alam Chunawala
Coldwell Banker Realty
List Price
$239,900
Sold Price
$203,000
Premium/Discount to List
-$36,900
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.36%
Original Mortgage
$192,850
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2012
Closed on
Dec 14, 2012
Sold by
Li Yu and Bergeron Jean
Bought by
4463929396 Llc
Seller's Agent
Tsvetana Roussev
Keller Williams Success Realty
Buyer's Agent
Scott Siegel
Chicago Real Estate Authority
List Price
$164,900
Sold Price
$165,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.60%

Purchase Details

Listed on
Aug 6, 2012
Closed on
Sep 4, 2012
Sold by
Fannie Mae
Bought by
Li Yu and Bergeron Jean
Seller's Agent
Tsvetana Roussev
Keller Williams Success Realty
Buyer's Agent
Scott Siegel
Chicago Real Estate Authority
List Price
$164,900
Sold Price
$165,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2012
Sold by
Fruta
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 21, 2008
Sold by
Arthur Place Condominium Corp
Bought by
Fruta Stephanie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.17%
Mortgage Type
Unknown
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
Johnson Robert $280,000 --
Johnson Robert $280,000 --
Johnson Robert $280,000 --
Chunawala Alam $203,000 First American Title
4463929396 Llc -- First American Title Insuran
Li Yu $165,000 None Available
Federal National Mortgage Association -- None Available
Fruta Stephanie B $295,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Robert $251,910
Closed Johnson Robert $251,910
Previous Owner Chunawala Alam $192,850
Previous Owner Li Yu $132,000
Previous Owner Fruta Stephanie B $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/10/2021 12/10/21 Sold $279,900 0.0% $187 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $279,900 0.0% $187 / Sq Ft
07/15/2019 07/15/19 Rented $1,995 0.0% --
07/03/2019 07/03/19 For Rent $1,995 0.0% --
09/07/2018 09/07/18 Sold $203,000 -9.8% -- View Prior Sale
07/31/2018 07/31/18 Pending -- -- --
07/11/2018 07/11/18 Price Changed $225,000 -6.2% --
07/05/2018 07/05/18 For Sale $239,900 +45.4% --
10/29/2012 10/29/12 Sold $165,000 +0.1% -- View Prior Sale
08/24/2012 08/24/12 Pending -- -- --
08/06/2012 08/06/12 For Sale $164,900 -- --
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 $5,486 $30,400 $2,629 $27,771
2023 $5,348 $26,000 $2,103 $23,897
2022 $5,348 $26,000 $2,103 $23,897
2021 $5,228 $25,999 $2,103 $23,896
2020 $4,636 $20,810 $1,787 $19,023
2019 $4,680 $23,294 $1,787 $21,507
2018 $4,601 $23,294 $1,787 $21,507
2017 $4,605 $21,392 $1,577 $19,815
2016 $4,285 $21,392 $1,577 $19,815
2015 $3,920 $21,392 $1,577 $19,815
2014 $3,552 $19,145 $1,419 $17,726
2013 $3,482 $19,145 $1,419 $17,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11264281

Midwest Real Estate Data (MRED)

APN: 10-36-428-037-1005