NOT LISTED FOR SALE

4723 N Drake Ave Unit 1 Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $319,000 - $354,000

2 Beds
2 Baths
1,450 Sq Ft
$185/mo HOA Fee

Last Sold October 28, 2022

Last sale price $285,000 $197 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,245/month

7 Days on Market

Highlights

  • Lock-and-Leave Community
  • Wood Flooring
  • 1 Car Detached Garage
  • Deck
  • Formal Dining Room
  • 2-minute walk to Drake Gardens

About This Home

As of October 2022

Enjoy the best of both worlds in this exceptionally large condo, which features charming original details along with modern updated conveniences. This home is conveniently situated on a high first floor in a beautiful brick building. The living room is anchored by a stunning fireplace flanked by built-in stained oak bookcases. The sunroom off the living room is the perfect home office or reading nook and floods the room with sunlight. Enjoy a cook's kitchen featuring 42" maple cabinetry, stainless appliances and an island. The spacious dining room is made for entertaining and flows out to the generous private deck and shared back yard for indoor/outdoor living. The primary bedroom with ensuite, newly-remodeled bath is large enough for a king-sized bed and features his and hers walk-in closets. Includes hardwood floors throughout, in-unit washer/dryer, a garage parking space and a roomy private, lockable storage room in the basement (approx. 8'x8'). On a tree-lined residential street but near everything- walk to parks, Drake Community Garden, the Brown Line Kimball stop, and restaurants and retail on Kedzie, Montrose or Lawrence.

Last Agent to Sell the Property

Michael McCallum

Baird & Warner License #471020532 Listed on: 09/14/2022

Baird & Warner

Co-Listed By

Becky Mccallum

Baird & Warner License #475186210

Last Buyer's Agent

Iwona Szandecki

Chicagoland Brokers Inc. License #475134863

Chicagoland Brokers Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,366

Year Built

  • Built in 1925

Lot Details

  • 7,231

HOA Fees

  • $185 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,450 Sq Ft Home
  • 3-Story Property
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, lawn care, scavenger
  • 6 Units
  • Self Managed Association
  • Low-Rise Condominium
  • Property managed by self-managed
  • Lock-and-Leave Community

Amenities

  • Community Storage Space

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,366

Year Built

Built in 1925

Lot Details

0

HOA Fees

$185 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Low Rise (1-3 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Low Rise (1-3 Stories)
  • Year Built: 1925
  • 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): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit
  • LivingArea: 1450
  • Room Type: Deck, Foyer
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 185
  • Association Amenities: Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: self-managed
  • Management Contact Name: self-managed
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Lawn Care, Scavenger

Lot Info

  • 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: 0

Tax Info

  • Tax Annual Amount: 3366.46
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Oct 25, 2022
Sold by
Bostrom Daniel and Bostrom Anne
Bought by
King Meeae Song
Seller's Agent
Michael McCallum
Baird & Warner
Buyer's Agent
Iwona Szandecki
Chicagoland Brokers Inc.
List Price
$285,000
Sold Price
$285,000
Views
2
Current Estimated Value
$333,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,146
Avg. Annual Appreciation
5.34%
Original Mortgage
$228,000
Outstanding Balance
$220,601
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$112,546

Purchase Details

Listed on
Jun 2, 2016
Closed on
Aug 5, 2016
Sold by
Spreen Chad J and Spreen Nicole
Bought by
Bostrom Daniel and Bostrom Anne
Seller's Agent
Eva Lakomiec
@properties Christie's International Real Estate
Buyer's Agent
Joseph Marconi
Baird & Warner
List Price
$225,000
Sold Price
$218,500
Premium/Discount to List
-$6,500
-2.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%
Original Mortgage
$185,725
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2000
Sold by
4719 N Drake Llc
Bought by
Bloom Michael F and Bloom Diane M W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,900
Interest Rate
7.91%
Source: Public Records

Range of Values:

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Average Value
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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
King Meeae Song $285,000 Stewart Title Guaranty Company
Bostrom Daniel $218,500 Fidelity National Title
Bloom Michael F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Meeae Song $228,000
Previous Owner Bostrom Daniel $185,725
Previous Owner Bloom Michael F $145,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2022 10/28/22 Sold $285,000 0.0% $197 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $285,000 +30.4% $197 / Sq Ft
08/05/2016 08/05/16 Sold $218,500 -2.9% $151 / Sq Ft View Prior Sale
06/08/2016 06/08/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $225,000 -- $155 / 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 $3,744 $26,898 $3,976 $22,922
2023 $3,628 $21,000 $3,180 $17,820
2022 $3,628 $21,000 $3,180 $17,820
2021 $3,565 $20,999 $3,180 $17,819
2020 $3,366 $18,162 $1,646 $16,516
2019 $3,412 $20,353 $1,646 $18,707
2018 $3,353 $20,353 $1,646 $18,707
2017 $2,619 $15,503 $1,476 $14,027
2016 $2,614 $15,503 $1,476 $14,027
2015 $2,368 $15,503 $1,476 $14,027
2014 $2,799 $17,600 $1,363 $16,237
2013 $3,696 $22,876 $1,363 $21,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11629321

Midwest Real Estate Data (MRED)

APN: 13-14-201-034-1004