NOT LISTED FOR SALE

4550 N Drake Ave Unit 1F Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $137,000 - $211,000

2 Beds
1 Bath
-- Sq Ft
4,704 Sq Ft Lot

Last Sold October 25, 2013

Last sale price $45,000

Est. 294% increase in value since last sale

Current estimated payment $1,147/month

230 Days on Market

About This Home

As of October 2013

Beautiful first floor vintage unit with hardwood floors, wood trim, lovely windows, updated kitchen with 42" cabinets, granite counters and SS appliances, spacious master with walk-in closet, updated bath, in-unit washer and dryer! Near parks and brown line! Must occupy for 2 years prior to renting. This is a Fannie Mae Homepath property. This property is now under auction terms.

Last Agent to Sell the Property

Patti Furman

Coldwell Banker Realty License #475144230 Listed on: 02/14/2013

Coldwell Banker Realty

Last Buyer's Agent

Paul Johnson

Century 21 Circle

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $992

Year Built

  • 1920

Lot Details

  • 4,704

HOA Fees

  • $130 per month

Home Design

  • Brick Exterior Construction

Utilities

  • Central Air
  • Lake Michigan Water

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Est. Annual Taxes

$992

Year Built

1920

Lot Details

0

HOA Fees

$130 per month

Listing Details

  • Unit Floor Number: 1
  • Special Features: 20
  • Stories: 4
  • Year Built: 1920

Interior Features

  • Total # Of Rooms: 4
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 18X13
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 14X10
  • Living Room Level: Main Level
  • Living Room Size: 16X13
  • Kitchen Type: Eating Area-Breakfast Bar
  • Kitchen Level: Main Level
  • Kitchen Size: 10X08

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Heat/Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 0
  • Pets Allowed: Yes
  • Units in Building: 10
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment/Association Fees: 130

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2013
Closed on
Oct 4, 2013
Sold by
Federal National Mortgage Association
Bought by
Morgan Diane
Seller's Agent
Patti Furman
Coldwell Banker Realty
Buyer's Agent
Paul Johnson
Century 21 Circle
List Price
$76,900
Sold Price
$45,000
Premium/Discount to List
-$31,900
-41.48%
Current Estimated Value
$177,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,523
Avg. Annual Appreciation
12.10%

Purchase Details

Closed on
Sep 28, 2012
Sold by
Palma Mery S and Rosado Mery S
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 12, 2007
Sold by
Palma Mery S
Bought by
Rosado Mery S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2006
Sold by
4450-52 N Drake Llc
Bought by
Kantor Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.42%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 31, 2006
Sold by
4550-52 N Drake Llc
Bought by
Palma Mery S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Morgan Diane $45,000 Servicelink
Federal National Mortgage Association -- None Available
Rosado Mery S -- Chicago Title Insurance Comp
Kantor Carl $204,000 Heritage Title Company
Palma Mery S $205,000 Heritage Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosado Mery S $202,000
Previous Owner Kantor Carl $204,000
Previous Owner Palma Mery S $164,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2013 10/25/13 Sold $45,000 -36.5% --
10/02/2013 10/02/13 Pending -- -- --
10/02/2013 10/02/13 Price Changed $70,900 +57.6% --
09/11/2013 09/11/13 Off Market $45,000 -- --
09/03/2013 09/03/13 Price Changed $70,900 -7.8% --
07/30/2013 07/30/13 For Sale $76,900 0.0% --
07/03/2013 07/03/13 Pending -- -- --
06/13/2013 06/13/13 Price Changed $76,900 -4.9% --
05/17/2013 05/17/13 For Sale $80,900 0.0% --
05/17/2013 05/17/13 Pending -- -- --
05/01/2013 05/01/13 Price Changed $80,900 -4.7% --
03/26/2013 03/26/13 Price Changed $84,900 -8.6% --
02/14/2013 02/14/13 For Sale $92,900 -- --
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 $992 $16,003 $1,706 $14,297
2023 $945 $8,000 $1,365 $6,635
2022 $945 $8,000 $1,365 $6,635
2021 $942 $7,999 $1,364 $6,635
2020 $602 $5,797 $706 $5,091
2019 $618 $6,497 $706 $5,791
2018 $607 $6,497 $706 $5,791
2017 $578 $6,053 $633 $5,420
2016 $715 $6,053 $633 $5,420
2015 $631 $6,053 $633 $5,420
2014 $1,348 $9,808 $584 $9,224
2013 $1,310 $9,808 $584 $9,224
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08270589

Midwest Real Estate Data (MRED)

APN: 13-14-213-034-1002