NOT LISTED FOR SALE

550 Ida St Unit 2NE Des Plaines, IL 60016

Estimated Value: $242,000 - $265,261

2 Beds
2 Baths
1,100 Sq Ft
0.35 Acres Lot

Sale Details

Date Sold: February 1, 2023

Last sale price $230,000 $209 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,880 / mo

2 Days on Market

Highlights

  • Balcony
  • 4-minute walk to Des Plaines Station
  • Resident Manager or Management On Site
  • Maine West High School Rated A-
  • Walk-In Closet
  • Laundry Room

About This Home

As of February 2023

Incredible value in the heart of downtown Des Plaines! Wonderful sun filled open floor plan/great room with balcony for grilling, gas fireplace, and remodeled kitchen with center island/eating bar. The cook's kitchen offers an additional pantry as well as in unit washer/dryer. There is a massive (10x5) extra walk in closet off the living room- big enough for an office if needed. Both bedrooms are large enough for king sized beds- each has mirrored closets with organized closet systems. There are two full baths- the primary bedroom has an en suite bath with jacuzzi style tub. New HVAC 2021. There is an assigned parking space in back (# 13) just outside the back door. Individually controlled heat and central air. There is a storage locker on the main floor as well as bike storage in two locations. Only a short walk to Metra Station,shopping and great restaurants- super convenient to all transportation. Pets and rentals are allowed with board approval. Wonderful association with ample reserves, low assessments and taxes! Smaller building with elevator, but unit is only one flight up for those who prefer stairs. Available for quick closing. Hurry!

Last Agent to Sell the Property

Lisa Gendel

Jameson Sotheby's International Realty License #475151585 Listed on: 01/10/2023

Jameson Sotheby's International Realty

Co-Listed By

Alan May

Jameson Sotheby's International Realty License #475126120

Last Buyer's Agent

Nicholas Rendleman

Real Broker LLC License #471021414

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,367

Year Built

  • Built in 1976 | Remodeled in 2016

Lot Details

  • 0.35

HOA Fees

  • $241 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,100 Sq Ft Home
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Laminate Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

  • Cumberland Elementary School
  • Chippewa Middle School
  • Maine East High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exterior maintenance, scavenger, snow removal
  • 19 Units
  • Hank Association, Phone Number (847) 296-1941
  • Property managed by Hanlin Management
  • 5-Story Property

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,367

Year Built

Built in 1976 | Remodeled in 2016

Lot Details

0.35 Acres

HOA Fees

$241 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 2
  • Rehab Year: 2016
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5
  • Year Renovated: 2016

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Elevator, Wood Laminate Floors, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1100
  • Room Type: Walk In Closet
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Wood Laminate
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Balcony
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit, In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 241
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Hanlin Management
  • Management Contact Name: Hank
  • Management Phone: 847-296-1941
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Cumberland Elementary School
  • High School: Maine East High School
  • Middle/Junior School: Chippewa Middle School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 00

Tax Info

  • Tax Annual Amount: 2367
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Jan 31, 2023
Sold by
Redman Davis
Bought by
Patel Kajal
Seller's Agent
Lisa Gendel
Jameson Sotheby's International Realty
Buyer's Agent
Nicholas Rendleman
Real Broker LLC
List Price
$200,000
Sold Price
$230,000
Premium/Discount to List
$30,000
15%
Views
38
Current Estimated Value
$248,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,815
Avg. Annual Appreciation
2.43%
Original Mortgage
$184,000
Outstanding Balance
$177,470
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$71,345

Purchase Details

Listed on
Apr 13, 2020
Closed on
Jun 4, 2020
Sold by
Annes Mark S
Bought by
Redman Davis
Seller's Agent
Dino Hasapis
Compass
Buyer's Agent
Elizabeth Charles
Real Broker, LLC
List Price
$179,900
Sold Price
$183,000
Premium/Discount to List
$3,100
1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$146,400
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2014
Sold by
Macinnis Joy L and Shallcross Carol
Bought by
Annes Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,925
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2001
Sold by
Shallcross Carol A and Shallcross Joy Lynn
Bought by
Shallcross Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.23%
Source: Public Records
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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
Patel Kajal $230,000 First American Title
Patel Kajal $230,000 First American Title
Redman Davis $183,000 Chicago Title
Redman Davis $183,000 Chicago Title
Annes Mark S $88,350 None Available
Annes Mark S $88,350 None Available
Shallcross Carol A -- Prairie Title
Shallcross Carol A -- Prairie Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Kajal $184,000
Previous Owner Redman Davis $146,400
Previous Owner Annes Mark S $83,925
Previous Owner Shallcross Carol A $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2023 02/01/23 Sold $230,000 +15.0% $209 / Sq Ft
01/12/2023 01/12/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $200,000 -13.0% $182 / Sq Ft
01/12/2023 01/12/23 Off Market $230,000 -- --
01/10/2023 01/10/23 For Sale $200,000 +9.3% $182 / Sq Ft
06/04/2020 06/04/20 Sold $183,000 +1.7% $159 / Sq Ft View Prior Sale
04/22/2020 04/22/20 Pending -- -- --
04/13/2020 04/13/20 For Sale $179,900 -- $156 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $3,735 $21,810 $692 $21,118
2024 $3,735 $17,481 $615 $16,866
2023 $3,618 $17,481 $615 $16,866
2022 $3,618 $17,481 $615 $16,866
2021 $2,367 $11,030 $499 $10,531
2020 $2,396 $11,030 $499 $10,531
2019 $2,385 $12,292 $499 $11,793
2018 $1,244 $7,594 $442 $7,152
2017 $1,239 $7,594 $442 $7,152
2016 $1,416 $7,594 $442 $7,152
2015 $1,102 $6,267 $384 $5,883
2014 $1,855 $6,267 $384 $5,883
2013 -- $6,267 $384 $5,883
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11698160

Midwest Real Estate Data (MRED)

APN: 09-17-409-023-1007

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