NOT LISTED FOR SALE

4902 N Drake Ave Unit 3 Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $201,000 - $238,000

2 Beds
1 Bath
900 Sq Ft
$259/mo HOA Fee

Last Sold September 26, 2022

Last sale price $175,000 $194 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,703/month

4 Days on Market

Highlights

  • Spa
  • Wood Flooring
  • Formal Dining Room
  • Open Floorplan
  • Whirlpool Bathtub
  • Stainless Steel Appliances

About This Home

As of September 2022

Beautiful Open Concept, Spacious Top Floor, 2 Bedroom Condo drenched in light. This is the one that will check all of your boxes. Let's start with the UNBELIEVEABLE PRICE! -Newer Furnace and AC. -All Stainless Kitchen with Newer Dishwasher and Microwave -Granite Countertops -42" Cabinets -Plenty of Counter Space -Central Air Conditioning. -In unit Washer and Dryer --Dining room has enough space for a large table. -Crown Molding throughout the Main Living area. - STORAGE Galore with a Double Closet in the Dining room, along with good size closets in the Bedrooms. -Hardwood Floors throughout -Front Balcony -Space on Back Porch -HUGE 9'x5' Storage Room on ground level can hold many bikes and more. -Entire home just freshly painted in a neutral color. Windows in every Room. Close to Parks, Transportation, Shopping and Restaurants. FHA approved. --Rentals allowed. You are going to love it!!

Last Agent to Sell the Property

Jane Viola

HomeSmart Connect LLC License #471008401 Listed on: 08/26/2022

HomeSmart Connect LLC

Last Buyer's Agent

Debra Dobbs

Compass License #475094099

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,708

Year Built

  • Built in 1920 | Remodeled in 2004

Lot Details

  • Fenced Yard
  • Zero Lot Line

HOA Fees

  • $259 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Blinds
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Wood Flooring
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Balcony

Utilities

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

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 30 Units
  • Caitlyn White Association, Phone Number (312) 829-8900
  • Drake Commons Subdivision
  • Property managed by Drake Commons Condo Managment

Amenities

  • Lobby
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,708

Year Built

Built in 1920 | Remodeled in 2004

Lot Details

0

HOA Fees

$259 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Drake Commons
  • Year Built: 1920
  • Age: 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: 3
  • Rehab Year: 2004
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Renovated: 2004

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Intercom
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Open Floorplan, Drapes/Blinds, Lobby
  • LivingArea: 900
  • Other Equipment: TV-Cable, Intercom, CO Detectors
  • Room Type: Balcony/Porch/Lanai, Storage
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Balcony, Hot Tub
  • List Price: 175000
  • Lot Features: Fenced Yard
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

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
  • Association Fee: 259
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Drake Commons Condo Managment
  • Management Contact Name: Caitlyn White
  • Management Phone: 312-829-8900
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N
  • Zero Lot Line: Yes

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2707.77
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Sep 13, 2022
Sold by
Yurik Deborah
Bought by
Manderfeld Ellie Mary
Seller's Agent
Jane Viola
HomeSmart Connect LLC
Buyer's Agent
Debra Dobbs
Compass
List Price
$175,000
Sold Price
$175,000
Views
15
Current Estimated Value
$219,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,640
Avg. Annual Appreciation
7.66%
Original Mortgage
$163,000
Outstanding Balance
$156,331
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$63,309

Purchase Details

Closed on
Oct 26, 2005
Sold by
4900 Drake Llc
Bought by
Yurik Deborah Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
5.98%
Mortgage Type
Stand Alone Second
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
Manderfeld Ellie Mary $175,000 Chicago Title
Yurik Deborah Ann $230,000 Mgr Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manderfeld Ellie Mary $163,000
Previous Owner Yurik Deborah Ann $34,500
Previous Owner Yurik Deborah Ann $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2022 09/26/22 Sold $175,000 0.0% $194 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $175,000 -- $194 / 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 $3,506 $19,931 $1,784 $18,147
2023 $3,418 $16,560 $1,427 $15,133
2022 $3,418 $16,560 $1,427 $15,133
2021 $3,341 $16,558 $1,426 $15,132
2020 $2,708 $12,113 $738 $11,375
2019 $2,736 $13,573 $738 $12,835
2018 $2,690 $13,573 $738 $12,835
2017 $1,928 $8,927 $662 $8,265
2016 $1,794 $8,927 $662 $8,265
2015 $1,642 $8,927 $662 $8,265
2014 $1,387 $7,450 $611 $6,839
2013 $1,360 $7,450 $611 $6,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11614257

Midwest Real Estate Data (MRED)

APN: 13-11-416-033-1014