NOT LISTED FOR SALE

517 N Racine Ave Unit 4 Chicago, IL 60642

West Town Neighborhood

Estimated Value: $669,000 - $832,000

3 Beds
2 Baths
1,800 Sq Ft
$457/mo HOA Fee

Last Sold June 03, 2021

Last sale price $650,000 $361 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,337/month

Highlights

  • Penthouse
  • Wood Flooring
  • Stainless Steel Appliances
  • Rooftop Deck
  • Whirlpool Bathtub
  • 2-minute walk to Mineral Wells City Park

About This Home

As of June 2021

Three bedroom/two bathroom top floor condo with a JAW-DROPPING rooftop deck!! Sellers went above and beyond with this gorgeous rooftop space. Featuring a custom pergola with fire pit, landscaping with built in irrigation system, outdoor kitchen with a sink, built-in grill and beverage cooler looking onto the Chicago skyline. Looks even more spectacular at night with custom lighting throughout. An entertainer's dream!! As for the unit, it's width is impressive and allows for a sizable dining table. Living room features a gas fireplace. Lengthy terrace off the living space is perfect for an additional grill and enjoying a glass of vino. Open kitchen with tons of cabinet storage, great counter space, stainless steel appliances and a peninsula perfect for barstool seating. Three good sized bedrooms including the large master that has its own private balcony. The area is hot!! Conveniently located near Starbucks, dry cleaner and dining on grand. A skip to west loop, a hop to wicker park, and a jaunt to river north. Highway access from River West is super convenient off of Ogden Ave.

Last Agent to Sell the Property

Natalie Renna

Compass License #475168971 Listed on: 04/30/2021

Compass

Last Buyer's Agent

Carrie McCormick

@properties Christie's International Real Estate License #475123706

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,703

Year Built

  • Built in 2008

Lot Details

  • 3,093

HOA Fees

  • $457 Monthly HOA Fees

Home Design

  • Penthouse
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • 4-Story Property
  • Ventless Fireplace
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

  • 1 Parking Space
  • Off Alley Driveway
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony
  • Rooftop Deck

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 4 Units

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,703

Year Built

Built in 2008

Lot Details

0

HOA Fees

$457 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Penthouse
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Penthouse
  • Year Built: 2008
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 4
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Gas Starter, Ventless
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, 1st Floor Laundry, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1800
  • Other Equipment: Humidifier, Security System, Intercom, CO Detectors
  • Room Type: Deck
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Roof Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 650000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick,Limestone

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Number of Cars: 1
  • Driveway: Off Alley
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 457
  • Association Amenities: None
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: na
  • Management Contact Name: na
  • Management Phone: 000-000-0000

Fee Information

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

Schools

  • Middle/Junior School District: 299

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: 0

Tax Info

  • Tax Annual Amount: 5702.61
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
May 18, 2021
Sold by
Merritt Ryan and Merritt Angela
Bought by
Sapanaro Matthew
Seller's Agent
Natalie Renna
Compass
Buyer's Agent
Carrie McCormick
@properties Christie's International Real Estate
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$747,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,118
Avg. Annual Appreciation
3.23%
Original Mortgage
$520,000
Outstanding Balance
$472,341
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$274,777

Purchase Details

Listed on
Apr 7, 2016
Closed on
Jun 27, 2016
Sold by
Wellington Arthur Dwight and Finnigan Shelley C
Bought by
Merritt Ryan and Merritt Angela
Seller's Agent
Jeff Herbert
Urban Living Properties, LLC
Buyer's Agent
Angela Engelbrecht
Compass
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$79,715
Interest Rate
3.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 9, 2013
Closed on
Jan 13, 2014
Sold by
Old Town Ventures Llc
Bought by
Wellington Arthur Dwight and Finnigan Shelley C
Seller's Agent
Jim Murrin
Jameson Sotheby's Intl Realty
Buyer's Agent
Jim Murrin
Jameson Sotheby's Intl Realty
List Price
$449,900
Sold Price
$425,000
Premium/Discount to List
-$24,900
-5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%
Original Mortgage
$340,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2013
Sold by
Sanchez
Bought by
Old Town Ventures Llc

Purchase Details

Closed on
Sep 3, 2010
Sold by
Sanchez Jorge
Bought by
Bridgeview Bk Grp Tr and Bridgeview Bk Grp Tr 13344
Source: Public Records

Range of Values:

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Average Value
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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
Sapanaro Matthew $650,000 Proper Title
Merritt Ryan $535,000 Attorney
Wellington Arthur Dwight $425,000 Attorneys Title Guaranty Fun
Old Town Ventures Llc $600,000 None Available
Bridgeview Bk Grp Tr -- --
Bridgeview Bk Grp Tr -- --
Bridgeview Bk Grp Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sapanaro Matthew $520,000
Previous Owner Merritt Ryan $79,715
Previous Owner Wellington Arthur Dwight $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2021 06/03/21 Sold $650,000 0.0% $361 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $650,000 +21.5% $361 / Sq Ft
07/06/2016 07/06/16 Sold $535,000 -2.7% $297 / Sq Ft View Prior Sale
06/01/2016 06/01/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $550,000 +29.4% $306 / Sq Ft
01/13/2014 01/13/14 Sold $425,000 -5.5% $236 / Sq Ft View Prior Sale
12/16/2013 12/16/13 Pending -- -- --
10/09/2013 10/09/13 For Sale $449,900 -- $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 $11,549 $61,948 $6,548 $55,400
2023 $11,225 $54,577 $2,989 $51,588
2022 $11,225 $54,577 $2,989 $51,588
2021 $10,305 $54,575 $2,988 $51,587
2020 $7,795 $38,092 $2,988 $35,104
2019 $7,739 $41,949 $2,988 $38,961
2018 $7,608 $41,949 $2,988 $38,961
2017 $8,865 $44,555 $2,636 $41,919
2016 $8,424 $44,555 $2,636 $41,919
2015 $8,165 $44,555 $2,636 $41,919
2014 $5,896 $31,779 $2,241 $29,538
2013 $5,780 $31,779 $2,241 $29,538
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11055264

Midwest Real Estate Data (MRED)

APN: 17-08-237-048-1004