$250,000
SOLD OCT 14, 2021

417 S Jefferson St Unit 513B Chicago, IL 60607

West Loop Neighborhood
2 Beds
1 Bath
926 Sq Ft
$441/mo HOA Fee

Recently Sold

$270 Per Sq Ft

4% Below List Price

29 Days on Market

Highlights

  • Living Room with Fireplace
  • 2-minute walk to Clinton Station (Blue Line)
  • Accessibility Features
  • Skinner Elementary School Rated A-
  • Resident Manager or Management On Site
  • 3-minute walk to The Green at 320

About This Home

As of October 2021

Gotham Lofts. Outstanding opportunity to own a true timber loft in the West Loop. This penthouse unit is flooded with natural southern light. Hardwood floors in main living area lead to a nice sized balcony, and there is brand new carpet in both bedrooms. Great open kitchen with stainless appliances and breakfast bar. In unit washer and dryer, central air conditioning and the added ambiance from the gas fire place makes this a super cozy unit. The space has soaring 14' feet high ceilings and brick walls giving the unit a wonderfully open feel. Renovated in 2006 the building offers a fitness room, roof top deck, deeded gated parking, bike room and storage. 1 exterior parking space is included in the price. Ideally located in desirable West Loop just moments from I-90, I-290, CTA Blue Line, multiple bus lines, schools, and all of the world-class restaurants, bars, and shopping West Loop and Greektown have to offer! Pet Friendly! Please note the owner previously removed the second bedroom door so it lives like a 1/1 plus office, but can always be added back.

Last Agent to Sell the Property

Ian Halpin

Baird & Warner License #475113080 Listed on: 08/11/2021

Baird & Warner

Last Buyer's Agent

Sriranjani Venkatesh

United Realty Partners LTD License #475188611

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,762

HOA Fees

  • $441 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Living Room with Fireplace
  • Combination Dining and Living Room

Parking

  • Driveway
  • Uncovered Parking
  • On-Site Parking
  • Parking Included in Price

Accessible Home Design

  • Accessibility Features

Community Details

Overview

  • 188 Units
  • David Association, Phone Number (800) 901-5431
  • Property managed by Westward

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,762

Lot Details

0

HOA Fees

$441 per month

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo
  • Property Sub Type: Condo
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • Directions: Jefferson is a north bound 1 way street.
  • Lot Size: COMMON
  • New Construction: No
  • Ownership: Condo
  • Special Features: None

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: None
  • Fireplace Features: Gas Log
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Accessibility Features: Ramp - Main Level
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Other Equipment: Humidifier, Intercom
  • Dining Room Type: No additional rooms
  • Stories: 5

Exterior Features

  • Roof: Rubber
  • Exterior Features: Roof Deck, Storms/Screens
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: None
  • Number of Cars: 1
  • Driveway: Concrete
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Westward
  • Management Contact Name: David
  • Management Phone: 800-901-5431
  • Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, Sundeck
  • Association Fee: 441
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Number Limit

Fee Information

  • Association Fee Includes: Water, Insurance, Exercise Facilities, 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: 999

Multi Family

  • Units in Building: 188

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 4196
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2021
Closed on
Oct 7, 2021
Sold by
Chae Donald B and Chae Svetlana
Bought by
Udayaprakash Ashwin
Seller's Agent
Ian Halpin
Baird & Warner
Buyer's Agent
Sriranjani Venkatesh
United Realty Partners LTD
List Price
$259,555
Sold Price
$250,000
Premium/Discount to List
-$9,555
-3.68%
Current Estimated Value
$302,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,183
Avg. Annual Appreciation
5.17%
Original Mortgage
$198,400
Outstanding Balance
$182,874
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$119,309

Purchase Details

Closed on
Aug 8, 2002
Sold by
Smego Brian and Lee Melanie
Bought by
Chae Donald B and Chae Svetlana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.64%

Purchase Details

Closed on
Jul 13, 2000
Sold by
Cutter Daniel and Cutter Heather
Bought by
Lee Melanie and Smego Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
8.31%

Purchase Details

Closed on
Apr 24, 2000
Sold by
Clinton/Van Buren Llc
Bought by
Cutter Daniel and Cutter Heather
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 Chicago Title
Warranty Deed $245,000 --
Warranty Deed $195,000 First American Title
Condominium Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $198,400 New Conventional
Previous Owner $198,000 Unknown
Previous Owner $198,700 Unknown
Previous Owner $199,500 Unknown
Previous Owner $200,000 Unknown
Previous Owner $200,000 Unknown
Previous Owner $25,000 Credit Line Revolving
Previous Owner $223,650 Unknown
Previous Owner $220,500 No Value Available
Previous Owner $15,000 Stand Alone Second
Previous Owner $185,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2021 10/14/21 Sold $250,000 -3.7% $270 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $259,555 -- $280 / Sq Ft
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 $5,762 $26,461 $3,014 $23,447
2023 $5,616 $27,221 $1,653 $25,568
2022 $5,616 $27,221 $1,653 $25,568
2021 $4,818 $27,220 $1,652 $25,568
2020 $4,259 $22,220 $1,652 $20,568
2019 $4,197 $24,319 $1,652 $22,667
2018 $4,125 $24,319 $1,652 $22,667
2017 $4,092 $22,384 $1,458 $20,926
2016 $3,983 $22,384 $1,458 $20,926
2015 $3,621 $22,384 $1,458 $20,926
2014 $3,088 $19,214 $1,239 $17,975
2013 $3,016 $19,214 $1,239 $17,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11186379

Midwest Real Estate Data (MRED)

APN: 17-16-127-011-1188