Seller's Agent in 2023
Leigh Marcus
@ Properties
(773) 645-0686
17 in this area
1,199 Total Sales
Lake Point Tower 505 N Lake Shore Dr Unit 6103 Chicago, IL 60611
Streeterville NeighborhoodEstimated Value: $741,256 - $871,000
2
Beds
2.5
Baths
1,800
Sq Ft
$1,598/mo
HOA Fee
Highlights
- Doorman
- In Ground Pool
- Open Floorplan
- Fitness Center
- Waterfront
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
As of March 2023Enjoy spectacular lake and city views from this 6th-floor 2 bedroom/2.1-bathroom condo in the luxury amenity Lake Point Tower within the bustling Streeterville neighborhood. Enter the open concept foyer and take in the captivating lake views on a curve from floor to ceiling windows overlooking Lake Michigan. The tiled flooring flows throughout allowing for various furniture configurations - perfect for entertaining, with a large kitchen island providing ample additional seating. The open kitchen boasts a tiled mosaic backsplash, expansive countertops, stainless steel appliances including a range hood, and ample cabinet space with frosted glass windows. The primary bedroom overlooks the iconic navy pier through wall-to-wall windows and boasts a luxurious ensuite bathroom with a deep soaking tub, separate walk-in shower, dual vanity, and closet space. The second bedroom provides a large new closet and is serviced by an adjacent bathroom offering a standup shower, and linen closet. A convenient half bath and in-unit laundry closet with stacked washer/dryer and sink round out this beautiful unit. This full amenity building delivers Skyline Park, a private, 2.5-acre paradise, a playground, indoor and outdoor pools, fitness center, sauna & steam room, racquetball & handball court, business center, recreation room, library, onsite parking garage (a separate association), cleaners, day spa, dental office, and shops. GREAT LOCATION: Proximity to Lake Shore Drive and highway 90 / 94 Kennedy expressway via Ontario St. Grand & Streeter bus stop at the door offers access to the Grand Red Line CTA station with connections to the Blue, Brown, Orange and Green Line El Trains. Minutes from the Magnificent Mile and its historic Chicago Water Tower, Museum of Contemporary Art, world-class shopping at Water Tower Place. ACCESS TO GREEN AND NATURAL SPACES: Lake Michigan, its beaches, & lakefront running and biking path. Jane Addams Memorial Park and Milton Green Olive Park boasting skyline views and leading to Ohio Street Beach. Recreational opportunities abound at the adjacent Navy Pier with its iconic Centennial Wheel, carnival rides, Shakespeare Theater, Museum, parks, restaurants, shops, boat tour access and fireworks. The Lakefront Trail provides access to the Chicago Riverwalk with its restaurants and access to Chicago's architectural and cultural icons. Shop Target, Whole Foods, Bockwinkel's. ENJOY NEIGHBORHOOD FAVORITES: Pinched on the River, Chef Art Smith's Reunion, Curfew Chicago. Beatrix, Gyu-Kaku Japanese BBQ, Ramen-San, Star of Siam, Doc B's, Siena tavern, Timothy O'Toole's, The Purple Pig, Yolk, Wildberry Pancakes and Cafe, Eataly, Kanela Breakfast Club, D-Rite Donuts & Chicken, Labriola Chicago, & Cupitol. Pet Friendly. This home lives well. Must See.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475125223 Listed on: 11/28/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $14,478
Year Built
- Built in 1968 | Remodeled in 2007
Lot Details
- End Unit
HOA Fees
- $1,598 Monthly HOA Fees
Parking
- 1 Car Detached Garage
- Leased Parking
- Heated Garage
- Garage Door Opener
- Parking Included in Price
Interior Spaces
- 1,800 Sq Ft Home
- Open Floorplan
- Wet Bar
- Bar Fridge
- Blinds
- Living Room
- Dining Room
- Storage
- Home Gym
Kitchen
- Range
- Dishwasher
- Granite Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Main Floor Bedroom
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Brick Porch or Patio
- Outdoor Grill
Schools
- Ogden Elementary School
- Wells Community Academy Senior H High School
Utilities
- 3+ Cooling Systems Mounted To A Wall/Window
- Heating Available
- Lake Michigan Water
Community Details
Overview
- Association fees include water, insurance, security, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
- 879 Units
- Jim Stecko Association, Phone Number (312) 645-8802
- High-Rise Condominium
- Property managed by FSResidential
- 70-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Restaurant
- Business Center
- Service Elevator
- Package Room
- Community Storage Space
- Elevator
Recreation
- Park
- Bike Trail
Pet Policy
- Pets up to 55 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 28, 2022
Closed on
Mar 7, 2023
Sold by
Foreey Properties Inc
Bought by
Furlong Denise M
Seller's Agent
Leigh Marcus
@properties Christie's International Real Estate
Buyer's Agent
Robert Mack
@properties Christie's International Real Estate
List Price
$699,900
Sold Price
$665,000
Premium/Discount to List
-$34,900
-4.99%
Views
8
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
$137,845
Avg. Annual Appreciation
7.16%
Original Mortgage
$498,750
Outstanding Balance
$486,714
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$298,383
Purchase Details
Closed on
Mar 27, 2007
Sold by
Stankevych George and Stankevych Lydia
Bought by
Forcey Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.18%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 4, 2003
Sold by
Lydia Stankevych Trust Agreement
Bought by
Stankevych George and Stankevych Lydia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Oct 4, 2001
Sold by
Stankevych George and Stankevych Lydia
Bought by
Lydia S Stankevych Trust
Purchase Details
Closed on
Jan 4, 2000
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Stankevych George and Stankevych Lydia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.37%
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 |
|---|---|---|---|
| Furlong Denise M | $665,000 | Proper Title | |
| Forcey Properties Inc | $800,000 | First American Title | |
| Stankevych George | -- | Stewart Title Guaranty Compa | |
| Lydia S Stankevych Trust | -- | -- | |
| Stankevych George | $610,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Furlong Denise M | $498,750 | |
| Previous Owner | Forcey Properties Inc | $700,000 | |
| Previous Owner | Forcey Properties Inc | $700,000 | |
| Previous Owner | Stankevych George | $150,000 | |
| Previous Owner | Stankevych George | $202,750 | |
| Previous Owner | Stankevych George | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2023 03/15/23 | Sold | $665,000 | -5.0% | $369 / Sq Ft |
| 12/23/2022 12/23/22 | Pending | -- | -- | -- |
| 11/28/2022 11/28/22 | For Sale | $699,900 | -- | $389 / 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 | $15,191 | $83,140 | $4,778 | $78,362 |
| 2023 | $14,809 | $72,000 | $3,857 | $68,143 |
| 2022 | $14,809 | $72,000 | $3,857 | $68,143 |
| 2021 | $14,478 | $71,999 | $3,857 | $68,142 |
| 2020 | $15,552 | $69,814 | $2,972 | $66,842 |
| 2019 | $15,229 | $75,797 | $2,972 | $72,825 |
| 2018 | $14,972 | $75,797 | $2,972 | $72,825 |
| 2017 | $14,556 | $67,617 | $2,532 | $65,085 |
| 2016 | $13,543 | $67,617 | $2,532 | $65,085 |
| 2015 | $12,391 | $67,617 | $2,532 | $65,085 |
| 2014 | $12,556 | $67,676 | $1,981 | $65,695 |
| 2013 | $12,309 | $67,676 | $1,981 | $65,695 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Robert Mack
@ Properties
(312) 545-6880
21 in this area
21 Total Sales
About Lake Point Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11666091
APN: 17-10-214-016-1076
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