NOT LISTED FOR SALE

4908 N Drake Ave Unit 1 Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $233,196 - $270,000

2 Beds
1 Bath
1,000 Sq Ft
$262/mo HOA Fee

Last Sold October 21, 2021

Last sale price $185,000 $185 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,870/month

97 Days on Market

Highlights

  • Detached Garage
  • Courtyard
  • Resident Manager or Management On Site

About This Home

As of October 2021

Manicured courtyard. Crisp & Clean split 2 bedroom with great light and Balcony right off kitchen! In unit laundry, central ac, hardwood floors throughout, solid panel doors. Near Brown Line / Public Trans. All updated plumbing and electrical. Healthy association and FHA approved. Rental parking near rear entrance.

Last Agent to Sell the Property

Trevor Engelhardt

Kale Realty License #475126569 Listed on: 06/30/2021

Kale Realty

Last Buyer's Agent

Manuela Papazisi

Coldwell Banker Realty License #475121735

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,311

Year Renovated

  • 2006

Lot Details

  • 0.34

HOA Fees

  • $262 per month

Parking

  • Detached Garage
  • Leased Parking
  • Garage Door Opener

Home Design

  • Brick Exterior Construction

Additional Features

  • Panel Doors
  • Courtyard

Community Details

Overview

  • 30 Units
  • Manager Association, Phone Number (312) 829-8900
  • Property managed by First Community Management

Pet Policy

  • Pets Allowed
  • Pets up to 99 lbs

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,311

Year Renovated

2006

Lot Details

0

HOA Fees

$262 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo,Courtyard
  • Property Sub Type: Condo,Courtyard
  • Age: Unknown
  • 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: 2006
  • Directions: From Lawrence go North on Drake to 4908
  • Lot Size: COMMON
  • New Construction: No
  • Ownership: Condo
  • Special Features: None
  • Year Renovated: 2006

Interior Features

  • Has Basement: None
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Door Features: Panel Door(s)
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Storage, Ceilings - 9 Foot
  • Other Equipment: Ceiling Fan(s)
  • Dining Room Type: Balcony/Porch/Lanai
  • Stories: 3

Exterior Features

  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: No
  • Garage Ownership: Fee/Leased
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Electric: Circuit Breakers, 100 Amp Service
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Community Management
  • Management Contact Name: Manager
  • Management Phone: 312-829-8900
  • Amenities: Storage
  • Association Fee: 262
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK

Fee Information

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

Schools

  • Elementary School: Volta Elementary School
  • High School: Roosevelt High School
  • Junior High/Middle School #2: Northside College Preparatory Senior High School
  • Junior High Dist: 299
  • Middle Or Junior School: Roosevelt High School

Lot Info

  • Rural (Y/N): N
  • Special Assessments: N
  • Additional Parcels: No

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 99
  • Land Lease Amount: 160

Multi Family

  • Units in Building: 30

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 2649
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Oct 18, 2021
Sold by
Kim Asther H and Samuels Gregory
Bought by
Pashaj Luan
Seller's Agent
Trevor Engelhardt
Kale Realty
Buyer's Agent
Manuela Papazisi
Coldwell Banker Realty
List Price
$206,900
Sold Price
$185,000
Premium/Discount to List
-$21,900
-10.58%
Current Estimated Value
$252,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,049
Avg. Annual Appreciation
8.02%

Purchase Details

Closed on
Jan 9, 2006
Sold by
4900 Drake Llc
Bought by
Kim Asther H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
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
Pashaj Luan $185,000 Chicago Title Insurance Co
Kim Asther H $215,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Asther H $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2021 10/21/21 Sold $185,000 -10.6% $185 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $206,900 -- $207 / 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 $3,311 $19,301 $1,727 $17,574
2023 $3,228 $15,640 $1,382 $14,258
2022 $3,228 $15,640 $1,382 $14,258
2021 $3,155 $15,638 $1,381 $14,257
2020 $2,622 $11,730 $715 $11,015
2019 $2,650 $13,144 $715 $12,429
2018 $2,605 $13,144 $715 $12,429
2017 $1,867 $8,644 $641 $8,003
2016 $1,737 $8,644 $641 $8,003
2015 $1,590 $8,644 $641 $8,003
2014 $1,344 $7,215 $592 $6,623
2013 $1,317 $7,215 $592 $6,623
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11141163

Midwest Real Estate Data (MRED)

APN: 13-11-416-033-1025