NOT LISTED FOR SALE

5203 N Magnolia Ave Unit 2N Chicago, IL 60640

Edgewater Neighborhood

Estimated Value: $359,000 - $376,000

2 Beds
1.5 Baths
1,250 Sq Ft
$345/mo HOA Fee

Last Sold April 29, 2022

Last sale price $315,000 $252 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,704/month

6 Days on Market

Highlights

  • Lock-and-Leave Community
  • Sun or Florida Room
  • Formal Dining Room
  • Wood Flooring
  • End Unit
  • 4-minute walk to Carmen Park

About This Home

As of April 2022

Welcome home! Here's a rare chance to own in the highly coveted Lakewood Balmoral neighborhood of Chicago. Tree lined streets sprinkled with multi-million dollar homes. Adjacent to one of the most sought-after neighborhoods in the country, Andersonville. You'll find exceptional Arts and Crafts details in this updated vintage 2 bedroom, 1-1/2 bath condo. Original details include extra wide crown molding, glass faced built-ins located in both the living and formal dining rooms, and the focal point is the Art-Deco cast iron fireplace surround. Large rooms. Brand new hardwood floors in the living room, dining room, hallway and kitchen and fresh paint throughout make this unit move-in ready. Central Heat and AC. Additional storage and common laundry in the basement. Half bath could potentially be converted to in-unit laundry with condo board approval. Walk to all the shopping and excitement of Andersonville. Public transit, Lake Michigan, groceries and more are also within walking distance. Put this one at the top of your list! Showing Begin Immediately!!

Last Agent to Sell the Property

Bill Navarre

Berkshire Hathaway HomeServices Chicago License #475140300 Listed on: 04/01/2022

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Daniel Pogofsky

Fulton Grace Realty License #475157876

Fulton Grace Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,923

Year Built

  • Built in 1913

Lot Details

  • End Unit

HOA Fees

  • $345 Monthly HOA Fees

Parking

  • Uncovered Parking

Home Design

  • Brick Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,250 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Sun or Florida Room
  • Storage
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, scavenger
  • 6 Units
  • Low-Rise Condominium
  • Lakewood Balmoral Subdivision
  • Lock-and-Leave Community

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Park
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,923

Year Built

Built in 1913

Lot Details

0

HOA Fees

$345 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Flat,Low Rise (1-3 Stories),Vintage
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,Flat,Low Rise (1-3 Stories),Vintage
  • Subdivision Name: Lakewood Balmoral
  • Year Built: 1913
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Storage, Separate Dining Room
  • LivingArea: 1250
  • Other Equipment: Intercom, CO Detectors
  • Room Type: Sun Room
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Storms/Screens, End Unit
  • Foundation Details: Brick/Mortar
  • List Price: 319500
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Number of Cars: 0
  • Parking: Space/s
  • Parking On-Site: No
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Forced Air
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 345
  • Association Amenities: Bike Room/Bike Trails, Storage, Park, Security Door Lock(s), Laundry
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: SELF MANAGED
  • Management Contact Name: TBD
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Scavenger

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: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 4923.22
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
May 3, 2022
Sold by
Liu Lily
Bought by
Rossbach Nora and Blattner Sarah
Seller's Agent
Bill Navarre
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Daniel Pogofsky
Fulton Grace Realty
List Price
$319,500
Sold Price
$315,000
Premium/Discount to List
-$4,500
-1.41%
Current Estimated Value
$371,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,595
Avg. Annual Appreciation
5.69%
Original Mortgage
$120,000
Outstanding Balance
$115,179
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$262,557

Purchase Details

Listed on
Apr 1, 2022
Closed on
Apr 28, 2022
Sold by
Liu Lily
Bought by
Rossbach Nora and Blattner Sarah
Seller's Agent
Bill Navarre
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Daniel Pogofsky
Fulton Grace Realty
List Price
$319,500
Sold Price
$315,000
Premium/Discount to List
-$4,500
-1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$115,179
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$262,557

Purchase Details

Closed on
Jan 31, 2012
Sold by
Gordon David
Bought by
Liu Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3.91%
Mortgage Type
New Conventional
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
Rossbach Nora $315,000 --
Rossbach Nora $315,000 None Listed On Document
Liu Lily $215,000 Premier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossbach Nora Elizabeth $120,000
Previous Owner Liu Lily $172,000
Previous Owner Gordon David $50,000
Previous Owner Gordon David $104,575
Previous Owner Gordon David $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $315,000 -1.4% $252 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $319,500 -- $256 / 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 $4,009 $31,899 $8,068 $23,831
2023 $3,204 $19,000 $6,487 $12,513
2022 $3,204 $19,000 $6,487 $12,513
2021 $3,151 $18,999 $6,487 $12,512
2020 $4,923 $25,203 $3,892 $21,311
2019 $4,758 $27,110 $3,892 $23,218
2018 $4,677 $27,110 $3,892 $23,218
2017 $3,901 $21,499 $3,405 $18,094
2016 $3,806 $21,499 $3,405 $18,094
2015 $3,459 $21,499 $3,405 $18,094
2014 $4,188 $22,570 $2,615 $19,955
2013 $4,105 $22,570 $2,615 $19,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11359868

Midwest Real Estate Data (MRED)

APN: 14-08-128-027-1004