$190,000
SOLD AUG 26, 2024
2 Beds
1 Bath
1,150 Sq Ft
$724/mo HOA Fee

Recently Sold

$165 Per Sq Ft

5% Below List Price

35 Days on Market

Highlights

  • Rooftop Deck
  • Sundeck
  • Stainless Steel Appliances
  • Wood Flooring
  • Elevator
  • 2-minute walk to Bill Hersh Playground

About This Home

As of August 2024

Very Spacious 2 bedroom with west facing views right off the lake. Building offers heated garage parking spaces that can be leased (Waitlist )and plenty of street parking!!! Open concept unit with living room and dining room combo allowing space to entertain GORGEOUS wood floors,Kitchen features Stainless Steel appliances, The primary bedroom includes a second closet and is slightly bigger than the second bedroom and has somewhat of a lake view, updated bathroom Gorgeous views from the Rooftop deck of the lake & City, enjoy BBQ Grills, Beautiful furniture and gardens for all to enjoy!!! a great place to entertain, work, Relax!!Other building features: Coin Laundry, car washing station, service elevator, keyless entry option, & more. Investor and pet friendly building. Steps from the lake, easy access to the beach, Downtown and all the city has to offer.Easy transportation right outside the door, Close to the Red line, bus stop, LSD, shopping and nightlife, street parking. Assessment Includes Water, Heat, Gas, Basic Cable, Internet, and Garbage.

Last Agent to Sell the Property

Terry Max

Compass License #471005317 Listed on: 07/11/2024

Compass

Last Buyer's Agent

Timothy Gallagher

@properties Christie's International Real Estate License #475123638

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,381

Year Built

  • Built in 1955

HOA Fees

  • $724 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,150 Sq Ft Home
  • Built-In Features
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring
  • Video Cameras

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom
  • Soaking Tub

Outdoor Features

  • Rooftop Deck

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Steam
  • Lake Michigan Water
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, insurance, security, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 82 Units
  • Pier Bell Association, Phone Number (312) 335-1950
  • Mid-Rise Condominium
  • Margate Park Subdivision
  • Property managed by First Service Residential
  • 8-Story Property

Amenities

  • Sundeck
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

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

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,381

Year Built

Built in 1955

Lot Details

0

HOA Fees

$724 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Mid Rise (4-6 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Mid Rise (4-6 Stories)
  • Subdivision Name: Margate Park
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Built-in Features, Drapes/Blinds
  • LivingArea: 1150
  • Other Equipment: TV-Cable, CO Detectors, Security Cameras, Internet-Fiber
  • Room Type: Foyer
  • Stories Total: 8
  • Estimated Total Finished Sq Ft: 1150
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 1150
  • Total Sq Ft: 1150
  • Main Level Sq Ft: 1150

Exterior Features

  • ExteriorFeatures: Roof Deck
  • List Price: 199900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Electric: Circuit Breakers
  • Heating: Steam
  • Laundry Features: Common Area
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 724
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Storage, Sundeck, Service Elevator(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Service Residential
  • Management Contact Name: Pier Bell
  • Management Phone: 312-335-1950
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Insurance, Security, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2381
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Aug 19, 2024
Sold by
Stacey E Field Revocable Trust and Field Stacey E
Bought by
Smith Denver M
Seller's Agent
Terry Max
Compass
Buyer's Agent
Timothy Gallagher
@properties Christie's International Real Estate
List Price
$199,900
Sold Price
$190,000
Premium/Discount to List
-$9,900
-4.95%
Views
45
Current Estimated Value
$211,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,513
Avg. Annual Appreciation
11.71%
Original Mortgage
$171,000
Outstanding Balance
$169,927
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$40,442

Purchase Details

Closed on
Aug 8, 2023
Sold by
Field Stacey E
Bought by
Stacey E Field Revocable Trust and Field
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
Deed $190,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $171,000 New Conventional
Previous Owner $40,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2024 08/26/24 Sold $190,000 -5.0% $165 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
06/20/2024 06/20/24 For Sale $199,900 -- $174 / 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 $2,465 $19,375 $5,424 $13,951
2023 $2,381 $15,000 $4,839 $10,161
2022 $2,381 $15,000 $4,839 $10,161
2021 $2,346 $14,998 $4,838 $10,160
2020 $1,926 $11,749 $3,030 $8,719
2019 $1,913 $12,949 $3,030 $9,919
2018 $1,879 $12,949 $3,030 $9,919
2017 $2,066 $12,971 $2,666 $10,305
2016 $2,098 $12,971 $2,666 $10,305
2015 $1,896 $12,971 $2,666 $10,305
2014 $2,352 $15,244 $2,060 $13,184
2013 $2,294 $15,244 $2,060 $13,184
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12089602

Midwest Real Estate Data (MRED)

APN: 14-08-413-040-1081