Seller's Agent in 2023
Eugene Fu
@ Properties
(312) 804-3738
28 in this area
388 Total Sales
Lakeview Park Place 508 W Melrose St Unit 4A Chicago, IL 60657
Lakeview East NeighborhoodEstimated Value: $484,000 - $834,000
2
Beds
2
Baths
1,500
Sq Ft
$473/mo
HOA Fee
Highlights
- Fitness Center
- Newly Remodeled
- End Unit
- Nettelhorst Elementary School Rated A-
- Wood Flooring
- Balcony
About This Home
As of August 2023Step into the MOST UPGRADED HOME in the neighborhood, a refined and ELEGANT MASTERPIECE with a timeless design. Kitchen and primary bath GUTTED to boast DESIGNER finishes that will LEAVE YOU BREATHLESS. Relax in your MASSIVE PRIVATE outdoor SPACE and enjoy the SERENE LUSH TREETOP VIEWS steps from your living room. SPACIOUS 2-bedroom layout that offers the SAME LIVING SPACE as a 3-BEDROOM with CUSTOM-BUILT pocket OFFICE. Every inch has been thoughtfully designed, HUGE CLOSETS, and CUSTOMIZED throughout. Set in an intimate BOUTIQUE ground-up NEW CONSTRUCTION building (2003), this home is the pinnacle of luxury and comfort. Don't wait! Seize the opportunity to make this exceptional home your own.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475133483 Listed on: 06/02/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,284
Year Built
- Built in 2003 | Newly Remodeled
Lot Details
- 10,106
HOA Fees
- $473 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Parking Included in Price
- Deeded Parking Sold Separately
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 1,500 Sq Ft Home
- Gas Log Fireplace
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
- Dual Sinks
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Nettelhorst Elementary School
- Lake View High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Balcony
- End Unit
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, tv/cable, lawn care, scavenger
- 22 Units
- Upon Request Association
- Mid-Rise Condominium
- Property managed by Upon Request
- 6-Story Property
Amenities
- Community Storage Space
- Elevator
Recreation
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2023
Closed on
Aug 12, 2023
Sold by
Walega David R
Bought by
Powers Joseph James and Rhoda Adam Lawrence
Seller's Agent
Eugene Fu
@properties Christie's International Real Estate
Buyer's Agent
Leigh Marcus
@properties Christie's International Real Estate
List Price
$700,000
Sold Price
$700,000
Views
2
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
-$96,694
Avg. Annual Appreciation
-2.00%
Original Mortgage
$595,000
Outstanding Balance
$583,066
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$88,611
Purchase Details
Closed on
Dec 1, 2003
Sold by
Belmont Harbor Home Development Llc
Bought by
Walega David R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,801
Interest Rate
5.25%
Mortgage Type
Unknown
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 |
|---|---|---|---|
| Powers Joseph James | $700,000 | Stewart Title | |
| Walega David R | $541,500 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Powers Joseph James | $595,000 | |
| Previous Owner | Walega David R | $266,450 | |
| Previous Owner | Walega David R | $50,000 | |
| Previous Owner | Walega David R | $393,000 | |
| Previous Owner | Walega David R | $417,000 | |
| Previous Owner | Walega David R | $488,000 | |
| Previous Owner | Walega David R | $61,000 | |
| Previous Owner | Walega David R | $150,000 | |
| Previous Owner | Walega David R | $405,801 | |
| Closed | Walega David R | $81,160 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2023 08/17/23 | Sold | $700,000 | +2.2% | $467 / Sq Ft |
| 07/10/2023 07/10/23 | Pending | -- | -- | -- |
| 07/07/2023 07/07/23 | Price Changed | $685,000 | -2.1% | $457 / Sq Ft |
| 06/02/2023 06/02/23 | For Sale | $700,000 | -- | $467 / 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 | $9,744 | $47,280 | $3,638 | $43,642 |
| 2023 | $9,478 | $49,500 | $2,934 | $46,566 |
| 2022 | $9,478 | $49,500 | $2,934 | $46,566 |
| 2021 | $9,284 | $49,499 | $2,933 | $46,566 |
| 2020 | $8,292 | $40,323 | $1,936 | $38,387 |
| 2019 | $8,184 | $44,165 | $1,936 | $42,229 |
| 2018 | $8,045 | $44,165 | $1,936 | $42,229 |
| 2017 | $7,457 | $38,015 | $1,701 | $36,314 |
| 2016 | $7,114 | $38,015 | $1,701 | $36,314 |
| 2015 | $6,485 | $38,015 | $1,701 | $36,314 |
| 2014 | $5,618 | $32,848 | $1,393 | $31,455 |
| 2013 | $5,496 | $32,848 | $1,393 | $31,455 |
Source: Public Records
Agents Affiliated with this Home
-
Eugene Fu
-
Leigh Marcus
Buyer's Agent in 2023
Leigh Marcus
@ Properties
(773) 645-0686
74 in this area
1,185 Total Sales
About Lakeview Park Place
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11774246
APN: 14-21-312-055-1008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 461 W Melrose St
- 509 W Aldine Ave Unit 2D
- 468 W Belmont Ave Unit 468
- 421 W Melrose St Unit 18BC
- 421 W Melrose St Unit 21AD
- 421 W Melrose St Unit 17D
- 421 W Melrose St Unit 10B
- 420 W Aldine Ave Unit 406
- 3300 N Lake Shore Dr Unit 9D
- 3300 N Lake Shore Dr Unit 4E
- 3200 N Lake Shore Dr Unit 2106
- 3200 N Lake Shore Dr Unit 502
- 3200 N Lake Shore Dr Unit 2905
- 606 W Aldine Ave Unit 2E
- 450 W Briar Place Unit 11H
- 450 W Briar Place Unit 3J
- 3180 N Lake Shore Dr Unit 3B
- 525 W Hawthorne Place Unit 502
- 525 W Hawthorne Place Unit 203
- 3150 N Sheridan Rd Unit 2C
- 508 W Melrose St Unit LL5
- 508 W Melrose St Unit 3C
- 508 W Melrose St Unit L2
- 508 W Melrose St Unit LL13
- 508 W Melrose St Unit L7
- 508 W Melrose St Unit LL12
- 508 W Melrose St Unit LL11
- 508 W Melrose St Unit LL10
- 508 W Melrose St Unit LL8
- 508 W Melrose St Unit LL7
- 508 W Melrose St Unit LL1
- 508 W Melrose St Unit 2C
- 508 W Melrose St Unit LL16
- 508 W Melrose St Unit LL2
- 508 W Melrose St Unit L17
- 508 W Melrose St Unit L12
- 508 W Melrose St Unit 6A
- 508 W Melrose St Unit PHE
- 508 W Melrose St Unit 6D
- 508 W Melrose St Unit 6C