NOT LISTED FOR SALE

501 W Briar Place Unit 2E Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $639,000 - $841,000

3 Beds
3 Baths
1,850 Sq Ft
$495/mo HOA Fee

Last Sold March 01, 2018

Last sale price $497,000 $269 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,208/month

71 Days on Market

Highlights

  • Wood Flooring
  • Detached Garage
  • Entrance Foyer
  • Nettelhorst Elementary School Rated A-
  • Galley Kitchen
  • Storage

About This Home

As of March 2018

Stunning three-bedroom vintage condo perfectly located in the heart of East Lakeview. Steps to the serenity of Lake Michigan and nearby parks, and half a block to Michelin-rated restaurants, independent bookstores, Mariano's and top-rated schools. Spacious sun-filled home with expansive living room, dining room, and top of the line kitchen featuring Wolf, Bosch, and Kitchen-Aid appliances, plus in-unit laundry. Three en-suite bedrooms off hallway provide privacy in a condo that lives like a single-family home. High ceilings, crown moldings, hardwood floors, and beautiful vintage details throughout. Building is meticulously managed with shared backyard and extra storage in basement. Lake Michigan breezes come through the living room bay window, but seller would consider air conditioning credit. Parking available next door at $220 / month.

Last Agent to Sell the Property

Carole Burstein

Baird & Warner Real Estate - Algonquin Listed on: 10/12/2017

Baird & Warner Real Estate - Algonquin

Last Buyer's Agent

Krystal Correa

Real People Realty Inc License #475167990

Real People Realty Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,990

Year Built

  • 1927

Lot Details

  • 6,752

HOA Fees

  • $495 per month

Parking

  • Detached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Entrance Foyer
  • Storage
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Galley Kitchen
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Lake Michigan Water

Additional Features

  • North or South Exposure
  • Southern Exposure
  • Property is near a bus stop

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,990

Year Built

1927

Lot Details

0

HOA Fees

$495 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Unit Floor Level: 2
  • Age: 81-90 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2.1
  • Estimated Year Built: 1927
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1927

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 6
  • Living Room: Dimensions: 23X18, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 17X13, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Kitchen Type: Dimensions: 20X8, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Galley
  • Additional Rooms: Foyer
  • Master Bedroom: Dimensions: 17X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Foyer, Dimensions: 12X5, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Bedroom 3: Dimensions: 13X8, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Estimated Sq Ft: 1850
  • Dining Room Type: Separate

Exterior Features

  • Exterior Building Type: Brick
  • Exposure: N (North), S (South)

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s)
  • Number Garage Spaces: 1
  • Garage Ownership: Fee/Leased

Utilities

  • Air Conditioner: 3+ (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Radiators

Condo/Co-op/Association

  • Max Pet Weight: 000
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Storage
  • Assessment Includes: Heat, Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 495
  • Management Phone: 000-000-0000

Fee Information

  • Lease Amount: 220

Schools

  • School District: 299
  • Elementary School: NETTELHORST ELEMENTARY SCHOOL
  • High School: LAKE VIEW HIGH SCHOOL
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 14281050731003

Multi Family

  • Total Number Unitsin Building: 6
  • Number Stories: 3

Tax Info

  • Taxes: 8931.25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2017
Closed on
Feb 27, 2018
Sold by
Burstein Rachel B and Parks Bradford Michael
Bought by
Heideman Elizabeth and Bleb Michael
Seller's Agent
Carole Burstein
Baird & Warner Real Estate - Algonquin
Buyer's Agent
Krystal Correa
Real People Realty Inc
List Price
$525,000
Sold Price
$497,000
Premium/Discount to List
-$28,000
-5.33%
Current Estimated Value
$733,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,873
Avg. Annual Appreciation
5.23%
Original Mortgage
$453,100
Outstanding Balance
$390,451
Interest Rate
4.62%
Mortgage Type
New Conventional
Estimated Equity
$343,422

Purchase Details

Listed on
Jul 17, 2012
Closed on
Aug 10, 2012
Sold by
Bryniarski Laura A and Johnson David D
Bought by
Burstein Rachel B
Seller's Agent
Danny Glick
@properties Christie's International Real Estate
Buyer's Agent
Carole Burstein
Baird & Warner Real Estate - Algonquin
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.06%
Original Mortgage
$320,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2004
Sold by
Woolwine David
Bought by
Bryniarski Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,250
Interest Rate
5.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 27, 2002
Sold by
Verellen Virgile and Calzoni Verellen Claudia
Bought by
Woolwine David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
4.62%

Purchase Details

Closed on
Jul 31, 1998
Sold by
Kapp Anthony R and Kapp Maria Lina Delton
Bought by
Verellen Virgile and Calzoni Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,100
Interest Rate
6%

Purchase Details

Closed on
Aug 30, 1996
Sold by
Morley Barbara
Bought by
Kapp Anthony Russell and Kapp Delton Maria Lina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
8.15%
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
Heideman Elizabeth $497,500 Baird & Warner Title Service
Burstein Rachel B $400,000 None Available
Bryniarski Laura A $455,000 Ctic
Woolwine David E $385,000 --
Verellen Virgile $309,000 --
Kapp Anthony Russell $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heideman Elizabeth $453,100
Previous Owner Burstein Rachel B $320,000
Previous Owner Bryniarski Laura A $432,250
Previous Owner Woolwine David E $300,700
Previous Owner Verellen Virgile $278,100
Previous Owner Kapp Anthony Russell $180,500
Closed Woolwine David E $48,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2018 03/01/18 Sold $497,000 -3.5% $269 / Sq Ft
12/22/2017 12/22/17 Pending -- -- --
11/26/2017 11/26/17 Price Changed $515,000 -1.9% $278 / Sq Ft
10/12/2017 10/12/17 For Sale $525,000 +31.3% $284 / Sq Ft
09/20/2012 09/20/12 Sold $400,000 0.0% $216 / Sq Ft View Prior Sale
07/22/2012 07/22/12 Pending -- -- --
07/17/2012 07/17/12 For Sale $400,000 -- $216 / 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 $9,990 $80,981 $13,950 $67,031
2023 $9,717 $50,663 $11,250 $39,413
2022 $9,717 $50,663 $11,250 $39,413
2021 $9,518 $50,662 $11,250 $39,412
2020 $9,734 $46,797 $7,425 $39,372
2019 $9,609 $51,255 $7,425 $43,830
2018 $9,446 $51,255 $7,425 $43,830
2017 $8,873 $44,592 $6,525 $38,067
2016 $8,931 $44,592 $6,525 $38,067
2015 $8,171 $44,592 $6,525 $38,067
2014 $7,486 $40,345 $5,343 $35,002
2013 $7,338 $40,345 $5,343 $35,002
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09777270

Midwest Real Estate Data (MRED)

APN: 14-28-105-073-1003