NOT LISTED FOR SALE

4906 N Drake Ave Unit 2 Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $228,000 - $263,000

2 Beds
1 Bath
-- Sq Ft
$266/mo HOA Fee

Last Sold May 04, 2020

Last sale price $178,000

Est. 37% increase in value since last sale

Current estimated payment $1,779/month

13 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Storage
  • Stainless Steel Appliances
  • Breakfast Bar
  • Forced Air Heating and Cooling System

About This Home

As of May 2020

Magnificent 2nd Floor Unit Features 2-Bedrooms, 1-Bath, Eat In Kitchen, Granite Counter Tops, SS Appliances, Cherry Cabinets, Hardwood Floors, Jacuzzi Tub, East Facing Balcony overlooking Courtyard, Washer and Dryer in Unit, Storage in Basement, Professionally Managed. Walking Distance to Restaurants, Shopping, and Transportation. Short walk to Brown Line!

Last Agent to Sell the Property

Roger Guzzi

RE/MAX At Home License #475140202 Listed on: 02/25/2020

Last Buyer's Agent

Stephen Hnatow

Keller Williams ONEChicago License #475123863

Keller Williams ONEChicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,804

Lot Details

  • 0.34

HOA Fees

  • $266 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Storage
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

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

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,804

Lot Details

0

HOA Fees

$266 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 2
  • Age: 91-100 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: U
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 5
  • Living Room: Dimensions: 16X13, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Equipment: Ceiling Fan
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 13X9, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Balcony
  • Master Bedroom: Dimensions: 12X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Balcony, Dimensions: 9X5, On Level: Main Level
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 99
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Storage
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 266
  • Management Contact Name: Manager
  • Management Phone: 312-829-8900

Fee Information

  • Management Company: First Community Management

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 13114160331023

Multi Family

  • Total Number Unitsin Building: 30
  • Number Stories: 3

Tax Info

  • Taxes: 2751.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2020
Closed on
Apr 23, 2020
Sold by
Terpening Bernard G and Terpening Linda M
Bought by
Singer Alec
Seller's Agent
Roger Guzzi
RE/MAX At Home
Buyer's Agent
Stephen Hnatow
Keller Williams ONEChicago
List Price
$179,900
Sold Price
$178,000
Premium/Discount to List
-$1,900
-1.06%
Current Estimated Value
$244,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,017
Avg. Annual Appreciation
5.93%
Original Mortgage
$142,400
Outstanding Balance
$126,668
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$117,349

Purchase Details

Closed on
Aug 25, 2016
Sold by
Terpening Bernard G and Terpening Linda M
Bought by
Terpening Bernard G and Terpening Linda M

Purchase Details

Closed on
Sep 28, 2006
Sold by
4900 Drake Llc
Bought by
Terpening Bernard and Terpening Linda N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
6.49%
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
Singer Alec $178,000 First American Title
Terpening Bernard G -- Attorney
Terpening Bernard $225,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singer Alec $142,400
Previous Owner Terpening Bernard $22,500
Previous Owner Terpening Bernard $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2020 05/04/20 Sold $178,000 -1.1% --
03/09/2020 03/09/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $179,900 -- --
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 $2,804 $20,389 $1,825 $18,564
2023 $2,712 $16,560 $1,460 $15,100
2022 $2,712 $16,560 $1,460 $15,100
2021 $2,669 $16,558 $1,459 $15,099
2020 $2,770 $12,391 $755 $11,636
2019 $2,799 $13,885 $755 $13,130
2018 $2,752 $13,885 $755 $13,130
2017 $1,972 $9,132 $677 $8,455
2016 $1,835 $9,132 $677 $8,455
2015 $1,679 $9,132 $677 $8,455
2014 $1,419 $7,621 $625 $6,996
2013 $1,391 $7,621 $625 $6,996
Source: Public Records

Agents Affiliated with this Home

  • Roger Guzzi

    Seller's Agent in 2020

    Roger Guzzi

    RE/MAX

    (708) 267-5662

    39 Total Sales

    Roger Guzzi
    Section Image
  • Stephen Hnatow

    Buyer's Agent in 2020

    Stephen Hnatow

    Keller Williams ONEChicago

    (773) 456-4745

    3 in this area

    110 Total Sales

    Stephen Hnatow
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10647351

Midwest Real Estate Data (MRED)

APN: 13-11-416-033-1023

Illinois Cook County Chicago 60625 Albany Park

4906 N Drake Ave Unit 2, Chicago, IL

This home is located at 4906 N Drake Ave Unit 2, Chicago, IL 60625 since 25 February 2020 and is currently estimated at $244,017. 4906 N Drake Ave Unit 2 is a home located in Cook County with nearby schools including Volta Elementary School, Roosevelt High School, and ASPIRA Haugan Middle School.

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