NOT LISTED FOR SALE

505 N Hermitage Ave Unit 4N Chicago, IL 60622

West Town Neighborhood

Estimated Value: $615,000 - $704,215

2 Beds
2 Baths
-- Sq Ft
$230/mo HOA Fee

Last Sold January 31, 2022

Last sale price $574,000

Est. 14% increase in value since last sale

Current estimated payment $4,783/month

11 Days on Market

Highlights

  • Penthouse
  • Detached Garage
  • Combination Dining and Living Room
  • Steam Shower

About This Home

As of January 2022

Welcome to 505 Hermitage. This Penthouse unit in a luxury, new construction boutique elevator building with only six residences - only two homes per floor! Units are separate and apart from each other with no shared walls with neighbors! Stepping off the elevator and through your front door; you will immediately notice and be refreshed by the width of the home! At over 30' wide, this is definitely not the typical! No long, narrow spaces but broad, useable, breathable plans making furniture placement a joy! Bathed in natural light from the floor-to-ceiling corner windows! Outdoor space-lover's dream! This unit has a gorgeous front balcony perfectly located off living area, back deck and a huge 27x22' private portion of the roofdeck! Take the elevator up to the roof and enjoy amazing skyline views! Carefully, custom-curated Design palate, each finish hand selected. Stunning magazine-caliber kitchen featuring two-toned Copat cabinetry with woodgrain base and peninsula and crisp, white uppers! Spacious primary suite features walk-in closet and steam shower! Each home includes garage parking. The Hermitage Collection provides almost a full city block of new construction in an ideal WestTown location in the booming Grand Ave corridor on the cusp of Fulton Market and River West. Delivering end of December 2021.

Last Agent to Sell the Property

Karen Biazar

North Clybourn Group, Inc. License #471003309 Listed on: 05/22/2021

Co-Listed By

Staci Slattery

North Clybourn Group, Inc. License #471017646

Last Buyer's Agent

Joel Holland

Keller Williams ONEChicago License #471003611

Keller Williams ONEChicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,401

Year Built

  • 2021

Lot Details

  • 5,837

HOA Fees

  • $230 per month

Parking

  • Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Penthouse

Interior Spaces

  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • Dual Sinks
  • Steam Shower

Community Details

Overview

  • 6 Units
  • Mid-Rise Condominium

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,401

Year Built

2021

Lot Details

0

HOA Fees

$230 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo,Mid Rise (4-6 Stories),Penthouse
  • Property Sub Type: Condo,Mid Rise (4-6 Stories),Penthouse
  • Age: NEW Under Construction
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • Co List Office Mls Id: MRD12604
  • Co List Office Phone: (773) 252-0600
  • Directions: Corner of Hermitage (1 Block W of Ashland) and Grand
  • Lot Size: COMMON
  • New Construction: Yes
  • Ownership: Condo
  • Special Features: NewHome
  • Year Built: 2021

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood, Range Hood
  • Has Basement: None
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Steam Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Sauna/Steam Room, Elevator, Hardwood Floors, Heated Floors, Laundry Hook-Up in Unit, Walk-In Closet(s), Open Floorplan
  • Other Equipment: TV-Cable, Intercom, CO Detectors
  • Dining Room Type: Balcony/Porch/Lanai, Deck
  • Stories: 4

Exterior Features

  • Roof: Other
  • Exterior Features: Balcony, Deck, Roof Deck, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick,Block
  • Waterfront: No

Garage/Parking

  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Electric: Circuit Breakers
  • Laundry Features: Gas Dryer Hookup, In Unit, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Management: Developer Controls
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: Self Managed
  • Management Phone: 999-999-9999
  • Amenities: Elevator(s), Security Door Lock(s), Intercom
  • Association Fee: 230
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK

Fee Information

  • Association Fee Includes: Water, Insurance, Scavenger, Other

Schools

  • Elementary School: Talcott Elementary School
  • High School: Wells Community Academy Senior H
  • Junior High Dist: 299

Lot Info

  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Multi Family

  • Units in Building: 6

Tax Info

  • Tax Exemptions: None
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2021
Closed on
Jan 26, 2022
Sold by
Volo Holdings Llc-505 Hermitage Series
Bought by
Cohen Paulette
Seller's Agent
Karen Biazar
North Clybourn Group, Inc.
Buyer's Agent
Joel Holland
Keller Williams ONEChicago
List Price
$574,000
Sold Price
$574,000
Current Estimated Value
$652,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,385
Avg. Annual Appreciation
2.38%
Source: Public Records

Range of Values:

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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
Cohen Paulette $574,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $574,000 0.0% --
06/01/2021 06/01/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $574,000 -- --
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 $11,401 $57,683 $7,489 $50,194
2023 $11,059 $57,190 $6,031 $51,159
2022 $11,059 $57,190 $6,031 $51,159
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11097036

Midwest Real Estate Data (MRED)

APN: 17-07-222-037-1005