Seller's Agent in 2019
Stuart Schwartz
Compass
(773) 988-8839
1 in this area
29 Total Sales
Lake Point Tower 505 N Lake Shore Dr Unit 5002-03 Chicago, IL 60611
Streeterville NeighborhoodEstimated Value: $700,000 - $1,047,886
3
Beds
3
Baths
3,000
Sq Ft
$2,133/mo
HOA Fee
Highlights
- Lake Front
- Landscaped Professionally
- Pond
- Second Kitchen
- Property is near a park
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
As of May 20193000 ft of unparalleled north, east, and west views in magnificent, world class Lake Point Tower! This high floor, double corner gem has amazing living space with floor to ceiling windows. A dramatic renovation has begun with new floors and walls throughout. Ready for your finishing touches. Originally configured as a four bedroom, 5002-03 currently lays out with 3 bedrooms and 3 bath. Two storage lockers on the same floor included. Two premium garage parking spaces available. Best amenities and green space in the city. Investor friendly. Strong reserves. Being sold 'as-is'.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $12,870
Year Built
- 1968
Lot Details
- East or West Exposure
- Landscaped Professionally
HOA Fees
- $2,133 per month
Parking
- Attached Garage
Interior Spaces
- Primary Bathroom is a Full Bathroom
- Entrance Foyer
- Second Kitchen
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Heating Available
Additional Features
- North or South Exposure
- Pond
- Property is near a park
Community Details
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 11, 2017
Closed on
May 21, 2019
Sold by
Szilagyi Gregg
Bought by
The Phjelph Collective Llc
Seller's Agent
Stuart Schwartz
Compass
Buyer's Agent
Kyle Harvey
Baird & Warner
List Price
$1,200,000
Sold Price
$1,050,000
Premium/Discount to List
-$150,000
-12.5%
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
-$189,528
Avg. Annual Appreciation
-3.13%
Purchase Details
Closed on
Nov 8, 2017
Sold by
Chicago Title Land Trust Company
Bought by
Szilagyi Gregg
Purchase Details
Listed on
Feb 15, 2015
Closed on
Jun 11, 2015
Sold by
First Midwest Bank
Bought by
State Bank Of Countryside and Trust Agreement #14 3287
Seller's Agent
Jean Ward
@properties Christie's International Real Estate
Buyer's Agent
Raj Patel
Kale Realty
List Price
$1,295,000
Sold Price
$1,225,000
Premium/Discount to List
-$70,000
-5.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.39%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| The Phjelph Collective Llc | $1,050,000 | Attorney | |
| Szilagyi Gregg | -- | Chicago Title Land Trust Com | |
| State Bank Of Countryside | $1,225,000 | Git |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | First Midwest Bank | $91,593 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2019 05/29/19 | Sold | $1,050,000 | 0.0% | $350 / Sq Ft |
| 04/03/2019 04/03/19 | Pending | -- | -- | -- |
| 03/21/2019 03/21/19 | Off Market | $1,050,000 | -- | -- |
| 03/14/2019 03/14/19 | Price Changed | $1,100,000 | -8.3% | $367 / Sq Ft |
| 02/19/2019 02/19/19 | For Sale | $1,200,000 | 0.0% | $400 / Sq Ft |
| 12/04/2018 12/04/18 | Pending | -- | -- | -- |
| 09/24/2018 09/24/18 | For Sale | $1,200,000 | +14.3% | $400 / Sq Ft |
| 08/13/2018 08/13/18 | Pending | -- | -- | -- |
| 08/04/2018 08/04/18 | Off Market | $1,050,000 | -- | -- |
| 03/07/2018 03/07/18 | Price Changed | $1,200,000 | -4.0% | $400 / Sq Ft |
| 02/14/2018 02/14/18 | Price Changed | $1,250,000 | -3.8% | $417 / Sq Ft |
| 01/09/2018 01/09/18 | Price Changed | $1,300,000 | -13.3% | $433 / Sq Ft |
| 12/11/2017 12/11/17 | For Sale | $1,500,000 | +22.4% | $500 / Sq Ft |
| 06/11/2015 06/11/15 | Sold | $1,225,000 | +2.5% | $408 / Sq Ft |
| 05/26/2015 05/26/15 | Pending | -- | -- | -- |
| 04/02/2015 04/02/15 | Price Changed | $1,195,000 | -7.7% | $398 / Sq Ft |
| 02/15/2015 02/15/15 | For Sale | $1,295,000 | -- | $432 / 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 | $12,870 | $71,024 | $4,082 | $66,942 |
| 2023 | $12,546 | $61,000 | $3,295 | $57,705 |
| 2022 | $12,546 | $61,000 | $3,295 | $57,705 |
| 2021 | $12,266 | $60,999 | $3,295 | $57,704 |
| 2020 | $13,286 | $59,640 | $2,539 | $57,101 |
| 2019 | $13,009 | $64,751 | $2,539 | $62,212 |
| 2018 | $12,791 | $64,751 | $2,539 | $62,212 |
| 2017 | $12,435 | $57,763 | $2,163 | $55,600 |
| 2016 | $11,569 | $57,763 | $2,163 | $55,600 |
| 2015 | $10,585 | $57,763 | $2,163 | $55,600 |
| 2014 | $10,727 | $57,813 | $1,692 | $56,121 |
| 2013 | -- | $57,813 | $1,692 | $56,121 |
Source: Public Records
Agents Affiliated with this Home
-
Stuart Schwartz
-
Kyle Harvey
Buyer's Agent in 2019
Kyle Harvey
Baird Warner
(312) 560-1032
5 in this area
45 Total Sales
-
J
Seller's Agent in 2015
Jean Ward
@ Properties
-
Robert Mack
Seller Co-Listing Agent in 2015
Robert Mack
@ Properties
(312) 545-6880
22 in this area
22 Total Sales
-
Raj Patel
R
Buyer's Agent in 2015
Raj Patel
Kale Realty
(312) 451-4944
3 Total Sales
About Lake Point Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09815648
APN: 17-10-214-016-1209
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