NOT LISTED FOR SALE

Estimated Value: $527,000 - $649,831

2 Beds
2.5 Baths
1,600 Sq Ft
$1,545/mo HOA Fee

Last Sold June 21, 2024

Last sale price $499,000 $312 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,821/month

80 Days on Market

Highlights

  • Doorman
  • 3-minute walk to Jackson Station (Red Line)
  • Walk-In Closet
  • Wood Flooring
  • 1 Car Attached Garage
  • 4-minute walk to Pritzker Park

About This Home

As of June 2024

Well maintained large 2bed/2bath home along Michigan Ave. Overlooking Lake Michigan, Millennium Park, Grant Park! Welcome to The Metropolitan Tower Residences. Typically a 3bedroom floor, but converted to a 2bed/2.5 bath. Approx 1600 square feet of stunning finishes, with 3 east facing windows over-looking lake michigan, grant park, and navy pier. Hardwood floors in common areas, new carpet in bedrooms, upgraded cabinets, stainless steel appliances, 2000 square foot fitness center, whirlpool, sauna, massage room. 1 parking spot is offered at an extra fee. Included with your HOA payment is gas heat, AC, water, trash, 24HR door staff and building maintenance. 310 S Michigan offers a large roof-top deck, and party room. 1 large storage cage (7/3/3) on same floor included with the home.

Last Agent to Sell the Property

Michael Gentile

@properties Christie's International Real Estate License #475152967 Listed on: 02/15/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Linda Longmeyer

Berkshire Hathaway HomeServices Starck Real Estate License #471018286

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,705

Year Built

  • Built in 1924 | Remodeled in 2008

Lot Details

  • Additional Parcels

HOA Fees

  • $1,545 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Parking Space is Owned

Home Design

  • Limestone

Interior Spaces

  • 1,600 Sq Ft Home
  • Gas Log Fireplace
  • Electric Fireplace
  • Blinds
  • Dining Room with Fireplace
  • Storage
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • Separate Shower

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, air conditioning, water, gas, parking, insurance, security, doorman, tv/cable, clubhouse, exercise facilities, snow removal, internet
  • 238 Units
  • Dick Parizek Association, Phone Number (312) 994-9111
  • Property managed by Habitat
  • 33-Story Property

Amenities

  • Doorman

Pet Policy

  • Pets up to 100 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,705

Year Built

Built in 1924 | Remodeled in 2008

Lot Details

0

HOA Fees

$1,545 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
  • Year Built: 1924
  • Age: 91-100 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: 16
  • Rehab Year: 2008
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 33
  • Year Renovated: 2008

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Electric, Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Laundry, Laundry Hook-Up in Unit, Storage, Walk-In Closet(s), Doorman, Drapes/Blinds
  • LivingArea: 1600
  • Room Type: No additional rooms
  • Stories Total: 33
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Dining Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 499000
  • Waterfront: No
  • Exterior Building Type: Limestone

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 1545
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Habitat
  • Management Contact Name: Dick Parizek
  • Management Phone: 312-994-9111
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Air Conditioning, Water, Gas, Parking, Insurance, Security, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels Description: 10100781040078
  • Additional Parcels: Yes
  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 100

Tax Info

  • Tax Annual Amount: 14705
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Jun 13, 2024
Sold by
Stearns Richard and Stearns Lori
Bought by
Sheshadri Vikram
Seller's Agent
Michael Gentile
@properties Christie's International Real Estate
Buyer's Agent
Linda Longmeyer
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$539,000
Sold Price
$499,000
Premium/Discount to List
-$40,000
-7.42%
Views
39
Current Estimated Value
$560,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,403
Avg. Annual Appreciation
10.82%

Purchase Details

Closed on
Feb 21, 2008
Sold by
310 South Michigan Avenue Llc
Bought by
Stearns Richard and Stearns Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$711,453
Interest Rate
6%
Mortgage Type
New Conventional
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
Sheshadri Vikram $499,000 Old Republic National Title
Stearns Richard $1,153,000 Near North National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stearns Richard $91,892
Previous Owner Stearns Richard $411,000
Previous Owner Stearns Richard $411,000
Previous Owner Stearns Richard $417,000
Previous Owner Stearns Richard $250,000
Previous Owner Stearns Richard $711,453
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $499,000 0.0% $312 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
03/15/2024 03/15/24 Price Changed $499,000 -7.4% $312 / Sq Ft
02/15/2024 02/15/24 For Sale $539,000 0.0% $337 / Sq Ft
06/23/2020 06/23/20 Under Contract -- -- --
06/19/2020 06/19/20 Rented $3,400 -2.2% --
05/18/2020 05/18/20 Price Changed $3,475 -2.8% $2 / Sq Ft
04/26/2020 04/26/20 For Rent $3,575 0.0% --
06/14/2019 06/14/19 Rented $3,575 -0.7% --
05/23/2019 05/23/19 For Rent $3,600 -- --
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 $14,492 $63,132 $3,994 $59,138
2023 $14,105 $72,000 $3,220 $68,780
2022 $14,105 $72,000 $3,220 $68,780
2021 $13,809 $71,999 $3,219 $68,780
2020 $14,774 $69,421 $2,917 $66,504
2019 $14,502 $75,608 $2,917 $72,691
2018 $14,257 $75,608 $2,917 $72,691
2017 $14,037 $68,581 $2,414 $66,167
2016 $13,236 $68,581 $2,414 $66,167
2015 $12,086 $68,581 $2,414 $66,167
2014 $8,544 $48,620 $3,420 $45,200
2013 $8,364 $48,620 $3,420 $45,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11981581

Midwest Real Estate Data (MRED)

APN: 17-15-107-078-1387