Lake Point Tower 505 N Lake Shore Dr Unit 5006 Chicago, IL 60611
Streeterville Neighborhood
2
Beds
2
Baths
--
Sq Ft
$1,088/mo
HOA Fee
Highlights
- Lake Front
- Landscaped Professionally
- Circular Driveway
- In Ground Pool
- Pond
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
As of August 2024Priced 100k lower than the comps! Highly sought after lakefront corner unit condo (2BR/2BA 1450 sqft) located on the 50th floor! See the best Chicago has to offer, as you'll have a direct and unobstructed view of Lake Michigan and Navy Pier. Enjoy spectacular sunrises, sunsets, and seasonal firework shows through every window, all with the backdrop of Chicago's majestic architectural skyline. The condo's interior features include a wide-open living space, which makes it ideal for entertaining and day-to-day life. Additionally, the kitchen offers ample counter and cabinet space. Finally, the expansive master bedroom suite comes with an en-suite bath, while the second bedroom is spacious in its own respect. Extra perks include in-unit washer and dryer and dedicated same-floor locker storage. Deeded parking is available. Quality of life around the condo is just as robust, as its prime location offers easy access to Michigan Avenue, running trails, and beaches! As if the stunning views and spectacular living potential were not enough, the apartment complex comes equipped with a host of 5-star amenities, which include 24hr door staff, indoor and outdoor pools, hot tubs, steam and sauna, racquetball/basketball court, bike room, exercise studio, business center, conference room, beautifully landscaped 2.5 acre private park with grilling area, and so much more! Want a closer look? Take a 3D Tour by clicking on the 3D button! Still not satisfied? Watch a custom drone video tour by clicking on the video button!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,182
Year Built
- 1968
Lot Details
- Southern Exposure
- East or West Exposure
- Landscaped Professionally
HOA Fees
- $1,088 per month
Parking
- Attached Garage
- Heated Garage
- Garage Door Opener
- Circular Driveway
Home Design
- Pillar, Post or Pier Foundation
- Reinforced Caisson Foundation
- Slab Foundation
- Clad Trim
Interior Spaces
- Primary Bathroom is a Full Bathroom
- Entrance Foyer
- Storage
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- In Ground Pool
- Pond
- Outdoor Grill
Location
- Property is near a bus stop
Utilities
- Zoned Cooling
- 3+ Cooling Systems Mounted To A Wall/Window
- Heating Available
- Lake Michigan Water
- Cable TV Available
Community Details
Pet Policy
- Pets Allowed
Additional Features
- Common Area
- Storm Screens
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2024
Closed on
Aug 2, 2024
Sold by
Kaplan Sherwin and Sullivan Patricia
Bought by
Moll Randall
Seller's Agent
Mike Frank
Keller Williams Preferred Realty
Buyer's Agent
Mary Nack
Compass
List Price
$675,000
Sold Price
$675,000
Views
97
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
$19,769
Avg. Annual Appreciation
2.79%
Purchase Details
Listed on
Dec 30, 2019
Closed on
Feb 24, 2020
Sold by
Chen Sarah J
Bought by
Kaplan Sherwin and Sullivan Patricia
Seller's Agent
Matt Laricy
Americorp, Ltd
Buyer's Agent
Robert Mack
@properties Christie's International Real Estate
List Price
$615,000
Sold Price
$603,000
Premium/Discount to List
-$12,000
-1.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.57%
Purchase Details
Closed on
Aug 26, 1999
Sold by
Shah Satish K and Shah Nayna S
Bought by
Chen Sarah J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.25%
Purchase Details
Closed on
Feb 7, 1997
Sold by
Siegrist Alan F and Siegrist Susan J
Bought by
Shah Satish K and Shah Nayna S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,600
Interest Rate
7.74%
Similar Homes in Chicago, IL
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 | $675,000 | Chicago Title | |
| Warranty Deed | $603,000 | City Wide Title Corporation | |
| Warranty Deed | $379,500 | -- | |
| Warranty Deed | $300,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $180,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $292,000 | Unknown | |
| Previous Owner | $292,000 | Unknown | |
| Previous Owner | $292,000 | Unknown | |
| Previous Owner | $300,000 | No Value Available | |
| Previous Owner | $214,600 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Sold | $675,000 | 0.0% | $466 / Sq Ft |
| 07/12/2024 07/12/24 | Pending | -- | -- | -- |
| 04/24/2024 04/24/24 | For Sale | $675,000 | 0.0% | $466 / Sq Ft |
| 08/14/2020 08/14/20 | Rented | $3,350 | -4.3% | -- |
| 03/10/2020 03/10/20 | For Rent | $3,500 | 0.0% | -- |
| 02/28/2020 02/28/20 | Sold | $603,000 | -2.0% | -- |
| 01/06/2020 01/06/20 | Pending | -- | -- | -- |
| 12/30/2019 12/30/19 | For Sale | $615,000 | -- | -- |
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 | $11,182 | $61,904 | $3,558 | $58,346 |
| 2023 | $10,901 | $53,000 | $2,872 | $50,128 |
| 2022 | $10,901 | $53,000 | $2,872 | $50,128 |
| 2021 | $10,657 | $52,998 | $2,871 | $50,127 |
| 2020 | $10,889 | $51,982 | $2,213 | $49,769 |
| 2019 | $10,650 | $56,437 | $2,213 | $54,224 |
| 2018 | $10,470 | $56,437 | $2,213 | $54,224 |
| 2017 | $10,111 | $50,346 | $1,885 | $48,461 |
| 2016 | $9,584 | $50,346 | $1,885 | $48,461 |
| 2015 | $8,745 | $50,346 | $1,885 | $48,461 |
| 2014 | $8,873 | $50,389 | $1,475 | $48,914 |
| 2013 | $8,686 | $50,389 | $1,475 | $48,914 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Frank
Seller's Agent in 2024
Mike Frank
Keller Williams Preferred Realty
(773) 251-8963
8 in this area
198 Total Sales
-
James Frank
Seller Co-Listing Agent in 2024
James Frank
Keller Williams Preferred Realty
(630) 212-8322
4 in this area
138 Total Sales
-
Mary Nack
Buyer's Agent in 2024
Mary Nack
Compass
(773) 837-7008
2 in this area
51 Total Sales
-
Robert Mack
Seller's Agent in 2020
Robert Mack
@ Properties
(312) 545-6880
22 in this area
22 Total Sales
-
Matt Laricy
Seller's Agent in 2020
Matt Laricy
Americorp, Ltd
(708) 250-2696
150 in this area
2,505 Total Sales
-
N
Buyer's Agent in 2020
Non Member
NON MEMBER
About Lake Point Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10598774
APN: 17-10-214-016-1205
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