NOT LISTED FOR SALE

507 W Briar Place Unit 2 Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $882,000 - $954,000

4 Beds
3 Baths
2,250 Sq Ft
$620/mo HOA Fee

Last Sold June 29, 2021

Last sale price $735,000 $327 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,346/month

6 Days on Market

Highlights

  • Wood Flooring
  • Gallery
  • 1 Car Detached Garage
  • Nettelhorst Elementary School Rated A-
  • Breakfast Room
  • Historic or Period Millwork

About This Home

As of June 2021

A Roaring 20's Masterpiece nestled among the tree lined serenity of Briar Place, just two blocks from the lakefront. Or a 4/3 w/ a garage! This boutique four unit building adorned with lavishly carved limestone trim features vintage details and unique touches throughout. Enter through this marvelous foyer complete with original dentil molding and period perfect door hardware, then turn to fully appreciate the building's enormous 32 feet of width. A trio of bright 16 pane windows frames the tree canopy of Briar while the ornate wood burning fireplace pulls you in. It's a space normally seen in the movies, never in person. Five layer crown molding adorns every room and serves as a pleasant reminder of the wonderful craftmanship that was a hallmark of classic luxury buildings. Dinner parties, Board meetings, or ad-hoc gatherings would all find comfort in the signature dining room highlighted with Deco wainscoting. The kitchen offers a unique style and layout that provides ample storage, full pantry & counterspace while still exhibiting a sense of character one expects of such a remarkable home. Adjoining the kitchen is the ideal place for a casual eating area, home learning studio, or mystery treasure nook. While the entertaining spaces occupy one half of the unit, a 40 foot long barrel vaulted gallery leads to the four bedrooms each with individual access to a bathroom, all of which were recently renovated in a classic manner consistent with the period of the building. Additional features & updates include in-unit laundry, abundant closet space, new kitchen appliances, refinished hardwood floors throughout the entire unit, and unique lighting fixtures. For comfort, the soothing warmth of radiator heat ensures you are never cold in winter, while the abundance of windows and proximity to the lake promises delightful breezes in the warmer months. Directly behind the property lies a private brick garage spot. The building is located in the highly coveted Nettlehorst school district, and is close walking distance to not only the Lake, but one of Chicago's most lively commercial districts, Broadway in East Lakeview, as well as a multitude of public transit options and LakeShoreDrive. Real estate jargon is sometimes misleading. This place is not. These units rarely come on the market. Deck/balcony and Central Air can be added. Select viewing times only.

Last Agent to Sell the Property

Seth Captain

Captain Realty LLC License #471005389 Listed on: 04/07/2021

Last Buyer's Agent

Brad Lippitz

Compass License #471014431

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,976

Year Built

  • Built in 1924

Lot Details

  • 5,358

HOA Fees

  • $620 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,250 Sq Ft Home
  • 4-Story Property
  • Bookcases
  • Dry Bar
  • Historic or Period Millwork
  • Ceiling height of 9 feet or more
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Gallery
  • Wood Flooring

Kitchen

  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Nettelhorst Elementary School
  • Lake View High School

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Heating System Uses Steam
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 4 Units
  • Property managed by Self-managed

Amenities

  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,976

Year Built

Built in 1924

Lot Details

0

HOA Fees

$620 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1924
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Range Hood
  • Basement: None
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Bar-Dry, Hardwood Floors, Laundry Hook-Up in Unit, Bookcases, 9' Ceilings, Historic/Period Mlwk
  • LivingArea: 2250
  • Room Type: Gallery, Foyer, Walk In Closet, Breakfast Room
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • List Price: 625000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: 3+ (Window/Wall Unit)
  • Heating: Steam, Radiators
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 620
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self-managed
  • Management Contact Name: .
  • Management Phone: 000-000-0000

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Nettelhorst Elementary School
  • High School: Lake View High School
  • Middle/Junior School: Nettelhorst Elementary School
  • Middle/Junior School District: 299
  • Junior High/Middle School #2: Northside College Preparatory Senior High School
  • Junior High/Middle School #2: Disney Elementary School Magnet School
  • Elementary School #2: Hawthorne Elementary Schololastic Academy

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 3976.49
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Jun 24, 2021
Sold by
Liu Christian Walter and Garcia Graziella
Bought by
Kinports Brandon
Seller's Agent
Seth Captain
Captain Realty LLC
Buyer's Agent
Brad Lippitz
Compass
List Price
$625,000
Sold Price
$735,000
Premium/Discount to List
$110,000
17.6%
Current Estimated Value
$903,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,702
Avg. Annual Appreciation
4.93%
Original Mortgage
$548,250
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 29, 2019
Closed on
Jun 26, 2019
Sold by
Carr Walter Stanley and Carr Mary B
Bought by
Liu Christian Walter and Garcia Graziella
Seller's Agent
Helen Beller
Baird & Warner
Buyer's Agent
Seth Captain
Captain Realty LLC
List Price
$563,000
Sold Price
$563,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.18%
Original Mortgage
$450,400
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2000
Sold by
Cole Taylor Bank
Bought by
Carr Walter Stanley
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
Kinports Brandon $735,000 Proper Title
Liu Christian Walter $563,000 Baird & Warner Ttl Svcs Inc
Carr Walter Stanley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kinports Brandon $548,250
Previous Owner Liu Christian Walter $450,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2021 06/29/21 Sold $735,000 +17.6% $327 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $625,000 +11.0% $278 / Sq Ft
06/27/2019 06/27/19 Sold $563,000 0.0% $250 / Sq Ft View Prior Sale
05/31/2019 05/31/19 Pending -- -- --
05/29/2019 05/29/19 For Sale $563,000 -- $250 / 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 $11,393 $73,501 $19,336 $54,165
2023 $11,107 $54,000 $15,593 $38,407
2022 $11,107 $54,000 $15,593 $38,407
2021 $9,653 $53,999 $15,593 $38,406
2020 $4,037 $23,706 $10,291 $13,415
2019 $3,976 $25,965 $10,291 $15,674
2018 $3,908 $25,965 $10,291 $15,674
2017 $3,555 $22,590 $9,044 $13,546
2016 $3,667 $22,590 $9,044 $13,546
2015 $3,315 $22,590 $9,044 $13,546
2014 $2,283 $16,709 $7,406 $9,303
2013 $2,219 $16,709 $7,406 $9,303
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11045008

Midwest Real Estate Data (MRED)

APN: 14-28-105-074-1002