Seller's Agent in 2024
Rafael Murillo
Compass
(312) 375-4199
1 in this area
121 Total Sales
50 E Chestnut St Unit 701 Chicago, IL 60611
Magnificent Mile Neighborhood
3
Beds
3.5
Baths
3,904
Sq Ft
$3,767/mo
HOA Fee
Highlights
- Doorman
- 4-minute walk to Chicago Avenue Station (Red Line)
- End Unit
- Fitness Center
- Heated Floors
- 1-minute walk to Connors Park
About This Home
As of December 2024The elevator opens directly into this full floor, 3900 sf home that has been designed to perfection and ready to move right in. Offered fully furnished (or not) - this home lives like a quiet oasis in a sea of possibilities. The finishes are extraordinary using textures, contrast, lighting and walls ready for your art collection. Ceilings are 10' with a glass curtain of south-facing windows spanning 64' all featuring Lutron blinds. The kitchen is right out of a magazine with gorgeous, rich alderwood cabinetry along with Subzero and Wolf appliances. Flooring includes a marble entry with hardwood throughout. This is not your typical floorplan for the building - it has been brilliantly reconfigured to create huge closets in the primary suite, an en-suite bedroom/den in the SW corner, office space and stunning steel and glass door entry. Located on the 7th floor, you feel connected to nature with treetop views while surrounded by urban architecture such as the steeple atop St. James Chapel. Large terraces facing both east and west allow quiet moments outdoors to greet and end your day! Wired for sound and including 1 parking space, this is a must-see home in the heart of it all. Additional parking steps away.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $55,430
Year Built
- Built in 2007 | Remodeled in 2019
Lot Details
- End Unit
- Dog Run
- Additional Parcels
HOA Fees
- $3,767 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Heated Garage
- Garage Door Opener
- Parking Included in Price
Interior Spaces
- 3,904 Sq Ft Home
- Built-In Features
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Den
- Storage
- Home Gym
- Home Security System
Kitchen
- Double Oven
- Cooktop with Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Heated Floors
- Marble
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
- Sink Near Laundry
Outdoor Features
- Balcony
- Terrace
Location
- Property is near a bus stop
Schools
- Ogden Elementary
- Wells Community Academy Senior H High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Lake Michigan Water
- Cable TV Available
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, parking, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, scavenger, snow removal, internet
- 34 Units
- Rebecca Davis Association, Phone Number (312) 475-0629
- Property managed by DK Condo
- 38-Story Property
Amenities
- Doorman
- Sundeck
- Service Elevator
- Lobby
- Package Room
- Community Storage Space
- Elevator
Recreation
- Fitness Center
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Security Service
- Resident Manager or Management On Site
- Storm Screens
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
Dec 27, 2024
Sold by
Bade Douglas and Bade Suzanne
Bought by
Bauer Michael P and Bauer Stephanie L
Seller's Agent
Rafael Murillo
Compass
Buyer's Agent
Eugene Fu
@properties Christie's International Real Estate
List Price
$2,400,000
Sold Price
$2,250,000
Premium/Discount to List
-$150,000
-6.25%
Views
36
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,975
Avg. Annual Appreciation
3.79%
Original Mortgage
$1,537,500
Outstanding Balance
$1,526,168
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$779,807
Purchase Details
Listed on
Mar 15, 2018
Closed on
Jun 25, 2018
Sold by
Kpln Holdings Llc 50 Chestnut Series
Bought by
Bade Douglas and Bade Suzanne
Seller's Agent
George Morgan
Compass
Buyer's Agent
Eudice Fogel
Compass
List Price
$2,850,000
Sold Price
$2,700,000
Premium/Discount to List
-$150,000
-5.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.76%
Original Mortgage
$2,000,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 1, 2016
Sold by
Butel Jean Lue and Butel Carol
Bought by
Kpln Holding Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,746,250
Interest Rate
4.75%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 7, 2013
Sold by
Rush/Chestnut Llc
Bought by
Butel Jean Luc and Butel Carole
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,404,000
Interest Rate
3.49%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Feb 26, 2013
Sold by
Ablan Gerald and Ablan Thelma
Bought by
Hayes Michael and Hayes Kathleen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,404,000
Interest Rate
3.49%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,137,500 | Fidelity National Title | |
| Warranty Deed | $2,700,000 | Chicago Title | |
| Warranty Deed | $4,550,000 | Chicago Title | |
| Special Warranty Deed | $4,053,500 | None Available | |
| Special Warranty Deed | $4,053,500 | None Available | |
| Warranty Deed | $2,425,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,537,500 | New Conventional | |
| Previous Owner | $2,410,000 | New Conventional | |
| Previous Owner | $2,420,000 | New Conventional | |
| Previous Owner | $2,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $430,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $3,746,250 | Construction | |
| Previous Owner | $2,404,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $2,500,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $2,250,000 | 0.0% | $576 / Sq Ft |
| 11/09/2024 11/09/24 | Pending | -- | -- | -- |
| 06/18/2024 06/18/24 | Price Changed | $2,250,000 | -6.3% | $576 / Sq Ft |
| 05/02/2024 05/02/24 | For Sale | $2,400,000 | -11.1% | $615 / Sq Ft |
| 06/25/2018 06/25/18 | Sold | $2,700,000 | -5.3% | $692 / Sq Ft |
| 05/12/2018 05/12/18 | Pending | -- | -- | -- |
| 03/15/2018 03/15/18 | For Sale | $2,850,000 | -- | $730 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $53,982 | $145,410 | $8,652 | $136,758 |
| 2023 | $52,624 | $255,854 | $6,966 | $248,888 |
| 2022 | $52,624 | $255,854 | $6,966 | $248,888 |
| 2021 | $51,450 | $255,853 | $6,965 | $248,888 |
| 2020 | $54,686 | $245,484 | $4,876 | $240,608 |
| 2019 | $53,525 | $266,412 | $4,876 | $261,536 |
| 2018 | $54,146 | $274,111 | $4,876 | $269,235 |
| 2017 | $43,054 | $200,000 | $3,900 | $196,100 |
| 2016 | $45,470 | $227,021 | $3,900 | $223,121 |
| 2015 | $41,601 | $227,021 | $3,900 | $223,121 |
| 2014 | $41,021 | $221,090 | $3,134 | $217,956 |
| 2013 | $40,211 | $221,090 | $3,134 | $217,956 |
Source: Public Records
Agents Affiliated with this Home
-
Rafael Murillo
-
Caryl Dillon
Seller Co-Listing Agent in 2024
Caryl Dillon
Compass
(773) 991-4422
1 in this area
63 Total Sales
-
Eugene Fu
Buyer's Agent in 2024
Eugene Fu
@ Properties
(312) 804-3738
8 in this area
388 Total Sales
-
G
Seller's Agent in 2018
George Morgan
Compass
-
M
Seller Co-Listing Agent in 2018
Meghan Credit
@properties
-
Eudice Fogel
Buyer's Agent in 2018
Eudice Fogel
Compass
(312) 576-1200
2 in this area
177 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12036442
APN: 17-03-217-018-1003
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