NOT LISTED FOR SALE

4550 N Drake Ave Unit 3F Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $207,000 - $248,180

2 Beds
1 Bath
-- Sq Ft
$213/mo HOA Fee

Last Sold April 07, 2022

Last sale price $210,900

Est. 11% increase in value since last sale

Current estimated payment $1,584/month

6 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Bedroom
  • Living Room
  • Wood Flooring
  • Granite Countertops
  • 3-minute walk to Drake Gardens

About This Home

As of April 2022

Turn key, top-floor, and beautifully updated condo in a well-maintained building on a quiet tree-lined residential street in Albany Park. This 2 bed 1 bath unit offers an abundance of natural light and an open concept kitchen/living space. Massive primary bedroom can easily fit a California King size bedroom set plus a desk by the large bay windows that overlook this lovely tree-lined street. Large second bedroom can also fit a king size bedroom set or is perfect for an office/den/workout room. Relax outside on your sunny west and south facing deck shared with only 1 other unit. Recent updates include: all new kitchen appliances, new lighting fixtures throughout, new furnace, ducts professionally cleaned, new plumbing in kitchen and bathroom, and fresh paint throughout including ceiling and trim. The unit has well-maintained hardwood floors throughout, and a nice tile in the kitchen. In-unit washer/dryer and additional storage closet in basement! A+ location only a short distance to the Kimball brown line, and all the restaurants, stores, and entertainment that Wilson and Montrose have to offer! Permitted street parking only.

Last Agent to Sell the Property

James D'Astice

Compass License #475152334 Listed on: 03/02/2022

Compass

Last Buyer's Agent

Rebecca Martinez

Berkshire Hathaway HomeServices Chicago License #475163148

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $602

Year Built

  • Built in 1930 | Remodeled in 2005

Lot Details

  • 4,704

HOA Fees

  • $213 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4-Story Property
  • Open Floorplan
  • Blinds
  • Entrance Foyer
  • Living Room
  • Family or Dining Combination
  • Wood Flooring
  • Granite Countertops
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Home Security

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, scavenger, snow removal
  • 10 Units
  • Ruth Broder Association, Phone Number (773) 401-4720
  • Property managed by 4550-52 N Drake Ave Condo Association

Pet Policy

  • Pets up to 50 lbs
  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$602

Year Built

Built in 1930 | Remodeled in 2005

Lot Details

0

HOA Fees

$213 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1930
  • 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: 4
  • Rehab Year: 2005
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Renovated: 2005

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, Open Floorplan, Dining Combo, Granite Counters
  • Other Equipment: CO Detectors
  • Room Type: Foyer
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Window Features: Blinds

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 213
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee Frequency: Not Required
  • Management Company: 4550-52 N Drake Ave Condo Association
  • Management Contact Name: Ruth Broder
  • Management Phone: 773-401-4720
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Scavenger, Snow Removal

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 50

Tax Info

  • Tax Annual Amount: 602.17
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Apr 7, 2022
Sold by
Matthew M Raftery Revocable Trust and Matthew M Raftery Revocable Trust
Bought by
Candelaria Luz N
Seller's Agent
James D'Astice
Compass
Buyer's Agent
Rebecca Martinez
Berkshire Hathaway HomeServices Chicago
List Price
$204,900
Sold Price
$210,900
Premium/Discount to List
$6,000
2.93%
Current Estimated Value
$233,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,895
Avg. Annual Appreciation
2.94%
Original Mortgage
$200,355
Outstanding Balance
$189,598
Interest Rate
4.99%
Mortgage Type
Balloon
Estimated Equity
$44,197

Purchase Details

Closed on
Dec 20, 2018
Sold by
Raftery Matthew M
Bought by
Raftery Matthew M

Purchase Details

Closed on
Sep 12, 2005
Sold by
4550 & 52 N Drake Llc
Bought by
Raftery Matthew M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 9, 2005
Sold by
Palladinetti Carl P
Bought by
4550-52 N Drake Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Candelaria Luz N $211,000 None Listed On Document
Raftery Matthew M -- Attorney
Raftery Matthew M $213,000 Heritage Title Company
4550-52 N Drake Llc -- Heritage Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Candelaria Luz N $200,355
Previous Owner Raftery Matthew M $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2022 04/07/22 Sold $210,900 +2.9% --
03/09/2022 03/09/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $204,900 -- --
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 $1,694 $16,001 $1,706 $14,295
2023 $945 $8,000 $1,364 $6,636
2022 $945 $8,000 $1,364 $6,636
2021 $942 $7,999 $1,364 $6,635
2020 $602 $5,796 $706 $5,090
2019 $618 $6,496 $706 $5,790
2018 $607 $6,496 $706 $5,790
2017 $578 $6,052 $633 $5,419
2016 $714 $6,052 $633 $5,419
2015 $631 $6,052 $633 $5,419
2014 $1,348 $9,807 $584 $9,223
2013 $1,310 $9,807 $584 $9,223
Source: Public Records

Agents Affiliated with this Home

  • James D'Astice

    Seller's Agent in 2022

    James D'Astice

    Compass

    (773) 425-0706

    8 in this area

    442 Total Sales

    James D'Astice
    Section Image
  • Rebecca Martinez

    Buyer's Agent in 2022

    Rebecca Martinez

    Berkshire Hathaway HomeServices Chicago

    (773) 595-6466

    2 in this area

    28 Total Sales

    Rebecca Martinez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11336587

Midwest Real Estate Data (MRED)

APN: 13-14-213-034-1008

Illinois Cook County Chicago 60625 Albany Park

4550 N Drake Ave Unit 3F, Chicago, IL

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