NOT LISTED FOR SALE

340 On The Park 340 E Randolph St Unit 5106 Chicago, IL 60601

New East Side Neighborhood

Estimated Value: $1,681,847 - $1,982,000

3 Beds
2.5 Baths
2,354 Sq Ft
34,848 Sq Ft Lot

Last Sold August 24, 2022

Last sale price $2,350,000 $998 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $13,418/month

76 Days on Market

Highlights

  • Water Views
  • Fitness Center
  • Whirlpool Bathtub
  • Steam Room
  • Wood Flooring
  • 1-minute walk to Lakeshore East Park

About This Home

As of August 2022

Magnificence on 51, in Lakeshore East's Prized 340 on the Park, at the feet of an uninterrupted and forever sweeping view of Lake Michigan, Maggie Daley, Grant and Millennium Parks, South Michigan Avenue's age-old architectural wall of high significance, the Art Institute, Buckingham Fountain and so much more. Residence 5106 features floor to ceiling windows or glass curtain walls, three true bedrooms, two and one half bathrooms, 5" white oak floors, foyer opens to a large great room composed of three seating arrangements, living room with beautiful and rich built in for large plasma and books/sculpture, Bose surround sound speakers, complete dining set and an area for after dinner. Open kitchen with near 10' extended island with raised bar for four chairs on the end, rich Snaidero cabinetry with finest wood, waterfall edge underneath 1.25" straight edge grey granite with flecks of cranberry. All upgraded appliances include Thermador high output five burner cooktop, Viking, high efficiency vented culinary hood, SubZero with incognito wood panels, pull out recycle and trash cabinet combined, top of the line Miele dishwasher, recessed professional series Thermador built in oven and microwave with convection oven component. 1"x 1" square glass mosaic backsplash, Kohler single sink, disposal, open shelving, GE Monogram under counter wine refrigerator. 12' x 10' semi-recessed terrace accommodates table, 4-6 chairs and full size Weber Grill. Convenient powder room with a simply white sink on dark wood open shelf base. Third, fully enclosed bedroom can double as a home office. Second bathroom ensuite with large shower, tiled basin in natural stone, frameless glass, open shelving, single vanity and dressed in floor to ceiling stone. Primary suite offers breathtaking north skyline city views with a nighttime light show. One of the largest walk in closets out of any of the three bedroom plans plus a second closet. Spa bathroom with windows and roller shades allowing natural sunlight to filter, dressed in al natural stone, substantial, dual raised vanity, linen closet, separate soaking tub with air jets, frameless glass, all plumbing fixtures in brushed nickel, small bench and additional cabinetry above the vanity mirror to the ceiling. Full amenity building offers 24 hour doorstaff, onsite management and maintenance, dry cleaners, pedway access, pet relief area, Winter Garden, private conference and dining room, caterer's kitchen, 4000 square foot gym, 75' indoor two lane lap pool, sun terrace, gas grills and outdoor furniture. Never been offered before by any unit in the history of re-selling: two oversized, side by side heated garage parking spaces (P4-42, P4-43) with each having its own Urban Basement. Two parking space and urban basement included in list price.

Last Agent to Sell the Property

Nicholas Colagiovanni

Baird & Warner License #475132688 Listed on: 05/25/2022

Baird & Warner

Last Buyer's Agent

Michael Rago

Atlas Realty Corp. License #471012784

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,363

Year Built

  • Built in 2007

Lot Details

  • End Unit
  • Additional Parcels

HOA Fees

  • $1,605 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Parking Included in Price

Home Design

  • Reinforced Caisson Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,354 Sq Ft Home
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony

Schools

  • Ogden Elementary

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Individual Controls for Heating
  • Baseboard Heating
  • Lake Michigan Water
  • Satellite Dish

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, gas, parking, insurance, security, doorman, tv/cable, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 344 Units
  • Amy Eikoff Association, Phone Number (312) 938-3576
  • High-Rise Condominium
  • 340 On The Park Subdivision
  • Property managed by FIRST SERVICE RESIDENTIAL
  • 62-Story Property

Amenities

  • Sundeck
  • Steam Room
  • Party Room
  • Service Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Community Spa

Pet Policy

  • Pets up to 150 lbs
  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,363

Year Built

Built in 2007

Lot Details

0.8 Acres

HOA Fees

$1,605 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Subdivision Name: 340 on the Park
  • Year Built: 2007
  • 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: 51
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 62

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Laundry, Laundry Hook-Up in Unit
  • LivingArea: 2354
  • Other Equipment: TV-Dish, Fire Sprinklers, CO Detectors
  • Room Type: Walk In Closet, Balcony/Porch/Lanai
  • Stories Total: 62
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Balcony, End Unit
  • Foundation Details: Concrete Perimeter, Reinforced Caisson
  • Lot Features: Water View
  • Waterfront: No
  • Exterior Building Type: Glass,Other

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Other
  • Cooling: Central Air, Zoned
  • Electric: Circuit Breakers
  • Heating: Electric, Baseboard, Indv Controls, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 1605
  • Association Amenities: None, Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Indoor Pool, Receiving Room, Sauna, Service Elevator(s), Steam Room, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: FIRST SERVICE RESIDENTIAL
  • Management Contact Name: Amy Eikoff
  • Management Phone: 312-938-3576
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Gas, Parking, Insurance, Security, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Other, Internet

Schools

  • Elementary School: Ogden Elementary
  • Middle/Junior School: Ogden Elementary

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 150

Tax Info

  • Tax Annual Amount: 31363.4
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 344

MLS Schools

  • Other Public Sch Dist: 299
  • Othr Public Sch: 299

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Aug 17, 2022
Sold by
Olson Dennis and Olson Mary Ann
Bought by
Rago Michael
Seller's Agent
Nicholas Colagiovanni
Baird & Warner
Buyer's Agent
Michael Rago
Atlas Realty Corp.
List Price
$2,400,000
Sold Price
$2,350,000
Premium/Discount to List
-$50,000
-2.08%
Current Estimated Value
$1,862,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$487,384
Avg. Annual Appreciation
-6.29%

Purchase Details

Closed on
Jan 8, 2008
Sold by
340 East Randolph Llc
Bought by
Olson Dennis and Olson Mary Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rago Michael $2,350,000 Chicago Title
Olson Dennis $1,399,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2022 08/24/22 Sold $2,350,000 -2.1% $998 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $2,400,000 -- $1,020 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $24,182 $103,151 $2,152 $100,999
2024 $24,182 $103,151 $2,152 $100,999
2023 $27,669 $114,613 $1,736 $112,877
2022 $27,669 $134,522 $1,736 $132,786
2021 $27,051 $134,522 $1,736 $132,786
2020 $28,201 $126,593 $1,571 $125,022
2019 $27,701 $137,875 $1,571 $136,304
2018 $26,556 $137,875 $1,571 $136,304
2017 $22,902 $109,762 $1,300 $108,462
2016 $21,484 $109,762 $1,300 $108,462
2015 $19,633 $109,762 $1,300 $108,462
2014 $19,422 $107,249 $1,197 $106,052
2013 $19,028 $107,249 $1,197 $106,052
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Colagiovanni

    Seller's Agent in 2022

    Nicholas Colagiovanni

    Baird Warner

    (312) 501-5151

    58 in this area

    201 Total Sales

    Nicholas Colagiovanni
    Section Image

  • M

    Buyer's Agent in 2022

    Michael Rago

    Atlas Realty Corp.

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About 340 On The Park

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11414895

Midwest Real Estate Data (MRED)

APN: 17-10-318-058-1301

Illinois Cook County Chicago 60601 New East Side

340 E Randolph St Unit 5106, Chicago, IL

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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