340 On The Park 340 E Randolph St Unit 4503 Chicago, IL 60601
New East Side Neighborhood
3
Beds
3
Baths
2,750
Sq Ft
$1,577/mo
HOA Fee
Highlights
- Doorman
- Steam Room
- LEED For Homes Silver Status
- Water Views
- Fitness Center
- 1-minute walk to Lakeshore East Park
About This Home
As of March 2022A rare opportunity to acquire a ready to move in luxury 3 bedroom, 3 full bath condo. Turn Key (furniture included) and recently renovated this luxury residence is ready for you to move in immediately and in style! No expense was spared on the renovation and furnishing of this property. Gutted-to-the-studs, this unit was completed just 3 years ago with only the best high end appliances, luxury finishes and custom furnishings. The reimagined floor plan is open and maximizes the permanently unobstructed views of Millennium Park, Buckingham fountain, Monroe harbor and the Chicago skyline. Highest quality finishes were used throughout including custom doors, solid walnut floors, quartz and marble counter tops, Graybill High Gloss cabinets and handmade hardwood built-ins. Furniture, artwork and floor coverings were all custom for the unit and are included for a fast and hassle free move in. Other notable items include 2 prime parking spaces located next to a private storage room (a second storage unit is also included), a full butlers pantry for extra storage and entertainment prep outside of the kitchen, and a custom walk in closet. All of this is in a full amenity building (4000 SF state of the art exercise facility, lap pool, steam room and sauna) just minutes walk from Mag Mile and Lakefront activities.
Last Agent to Sell the Property
Porter Group Real Estate License #471020630 Listed on: 02/02/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $39,695
Year Built
- Built in 2007
HOA Fees
- $1,577 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage ceiling height seven feet or more
- Heated Garage
- Garage Door Opener
- Circular Driveway
- Parking Included in Price
Home Design
- Reinforced Caisson Foundation
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,750 Sq Ft Home
- Wet Bar
- Bar
- Entrance Foyer
- Living Room
- Formal Dining Room
- First Floor Utility Room
- Wood Flooring
Kitchen
- Cooktop<<rangeHoodToken>>
- <<microwave>>
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Dual Sinks
- <<bathWithWhirlpoolToken>>
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Terrace
Utilities
- Forced Air Zoned Heating and Cooling System
- Individual Controls for Heating
- Baseboard Heating
- 100 Amp Service
- Lake Michigan Water
Additional Features
- LEED For Homes Silver Status
- Additional Parcels
- Property is near a park
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, gas, parking, insurance, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
- 344 Units
- Elizabeth Sarthy Association, Phone Number (312) 938-3576
- High-Rise Condominium
- Property managed by First Service Residential
- 62-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Steam Room
- Party Room
- Elevator
- Service Elevator
- Package Room
- Community Storage Space
Recreation
- Community Spa
- Bike Trail
Pet Policy
- Pets up to 150 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2022
Closed on
Apr 4, 2022
Sold by
Lachman Thomas C and Lachman Rhonda B
Bought by
Kinney Taylor
Seller's Agent
David Porter
Porter Group Real Estate
Buyer's Agent
Nicholas Colagiovanni
Baird & Warner
List Price
$2,999,000
Sold Price
$2,750,000
Premium/Discount to List
-$249,000
-8.3%
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
-$513,736
Avg. Annual Appreciation
-6.09%
Original Mortgage
$1,900,000
Outstanding Balance
$1,771,481
Interest Rate
2.7%
Estimated Equity
$464,783
Purchase Details
Listed on
Feb 2, 2022
Closed on
Mar 8, 2022
Sold by
Lachman Thomas C and Lachman Rhonda B
Bought by
Kinney Taylor
Seller's Agent
David Porter
Porter Group Real Estate
Buyer's Agent
Nicholas Colagiovanni
Baird & Warner
List Price
$2,999,000
Sold Price
$2,750,000
Premium/Discount to List
-$249,000
-8.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Outstanding Balance
$1,771,481
Interest Rate
2.7%
Estimated Equity
$464,783
Purchase Details
Closed on
Dec 21, 2017
Sold by
Gajek Marion and Gajek Sarah J
Bought by
Lachman Thomas C and Lachman Rhonda B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,184,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 13, 2007
Sold by
340 East Randolph Llc
Bought by
Gajek Marion and Gajek Sarah J
Similar Homes in Chicago, IL
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $2,750,000 | Proper Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $2,730,000 | Chicago Title | |
| Special Warranty Deed | $2,005,000 | Cti |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,900,000 | No Value Available | |
| Closed | $1,900,000 | No Value Available | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $2,184,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/11/2024 11/11/24 | Off Market | $3,300 | -- | -- |
| 10/02/2024 10/02/24 | For Rent | $3,300 | -80.0% | -- |
| 04/17/2023 04/17/23 | Rented | $16,500 | -8.3% | -- |
| 04/12/2023 04/12/23 | Under Contract | -- | -- | -- |
| 03/17/2023 03/17/23 | Price Changed | $18,000 | -10.0% | $7 / Sq Ft |
| 02/27/2023 02/27/23 | For Rent | $20,000 | 0.0% | -- |
| 03/28/2022 03/28/22 | Sold | $2,750,000 | -8.3% | $1,000 / Sq Ft |
| 02/11/2022 02/11/22 | Pending | -- | -- | -- |
| 02/02/2022 02/02/22 | For Sale | $2,999,000 | -- | $1,091 / 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 | $29,738 | $126,850 | $2,646 | $124,204 |
| 2023 | $33,322 | $140,946 | $2,135 | $138,811 |
| 2022 | $33,322 | $165,430 | $2,135 | $163,295 |
| 2021 | $32,597 | $165,429 | $2,135 | $163,294 |
| 2020 | $33,989 | $155,679 | $1,933 | $153,746 |
| 2019 | $33,376 | $169,554 | $1,933 | $167,621 |
| 2018 | $32,814 | $169,554 | $1,933 | $167,621 |
| 2017 | $27,749 | $134,981 | $1,599 | $133,382 |
| 2016 | $26,178 | $134,981 | $1,599 | $133,382 |
| 2015 | $23,911 | $134,981 | $1,599 | $133,382 |
| 2014 | $23,994 | $131,891 | $1,473 | $130,418 |
| 2013 | $23,509 | $131,891 | $1,473 | $130,418 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Colagiovanni
Seller's Agent in 2023
Nicholas Colagiovanni
Baird Warner
(312) 501-5151
53 in this area
193 Total Sales
-
Barbara Proctor
Buyer's Agent in 2023
Barbara Proctor
@ Properties
(312) 320-0863
1 in this area
55 Total Sales
-
David Porter
Seller's Agent in 2022
David Porter
Porter Group Real Estate
(312) 313-1447
11 in this area
48 Total Sales
About 340 On The Park
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11316318
APN: 17-10-318-058-1269
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