NOT LISTED FOR SALE

550 W Wellington Ave Unit 9W Chicago, IL 60657

Lakeview East Neighborhood

Estimated Value: $882,000 - $1,045,629

2 Beds
2 Baths
2,000 Sq Ft
$595/mo HOA Fee

Last Sold December 02, 2013

Last sale price $965,000 $482 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,366/month

9 Days on Market

Highlights

  • Deck
  • Whirlpool Bathtub
  • Terrace
  • Nettelhorst Elementary School Rated A-
  • End Unit
  • Den

About This Home

As of December 2013

Walking into this breathtaking customized one-of-a-kind modern penthouse is a guarenteed jaw-dropping experience! Enjoy dazzling views from full-height 12-ft wrap-around walls of glass overlooking the city!No expense spared:Bulthaup kitchn w/Miele,Sub-Zero;Master w/ to-die-for Poliform closet+Bath w/heated flrs,Dornbracht, Zuma tub.Custom elec shades,low volt lighting,sound.Garage incl. 3 terraces incl priv roof ter!

Last Agent to Sell the Property

Brad Lippitz

Compass License #471014431 Listed on: 10/08/2013

Compass

Last Buyer's Agent

Jeanine Wheeler

@properties Christie's International Real Estate License #475124879

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,898

Year Built

  • 2005

Lot Details

  • End Unit
  • Southern Exposure
  • East or West Exposure

HOA Fees

  • $595 per month

Parking

  • Attached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Concrete Siding

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Terrace

Location

  • Property is near a bus stop
  • City Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Den
  • North or South Exposure

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,898

Year Built

2005

Lot Details

0

HOA Fees

$595 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • General Information: Commuter Bus
  • Unit Floor Level: 9
  • Age: 6-10 Years
  • Full Bathrooms: 2
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 2005
  • Tax Exemptions: Homeowner
  • Type Attached: Condo, Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 9
  • Year Built: 2005

Interior Features

  • Interior Property Features: Laundry Hook-Up in Unit
  • Number Of Rooms: 6
  • Living Room: Dimensions: 24X15, On Level: Main Level
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Equipment: Humidifier, TV-Cable, Security System, Intercom, Fire Sprinklers, CO Detectors
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 6X8, On Level: Main Level
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 15X12, On Level: Main Level, Flooring: Other
  • Kitchen Type: Eating Area-Breakfast Bar, Island
  • Additional Rooms: Balcony, Den, Deck, Terrace
  • Master Bedroom: Dimensions: 17X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Terrace, Dimensions: 12X9, On Level: Main Level
  • Additional Room 2 Name: Den, Dimensions: 14X10, On Level: Main Level
  • Bedroom 2: Dimensions: 12X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 3 Name: Deck, Dimensions: 34X13, On Level: 2nd Level
  • Additional Room 4 Name: Balcony, Dimensions: 12X4, On Level: Main Level
  • Estimated Sq Ft: 2000
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Glass, Concrete
  • Exterior Property Features: Balcony, Deck, End Unit
  • Exposure: N (North), S (South), W (West), City

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 80
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK, Pet Count Limitation, Pet Weight Limitation
  • Common Area Amenities: Bike Room/Bike Trails, Elevator, Storage, Sundeck, Security Door Locks
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Scavenger, Snow Removal
  • Assessment Association Fees: 595
  • Management Contact Name: Rich Betzink
  • Management Phone: 773-975-7234X249

Fee Information

  • Management Company: Kass Management

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 14281080311016

Multi Family

  • Total Number Unitsin Building: 16
  • Number Stories: 9

Tax Info

  • Taxes: 12440.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2020
Sold by
Siddiqui Joyce and Siddiqui Javed
Bought by
Siddiqui Saleem
Current Estimated Value
$958,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,208
Outstanding Balance
$642,320
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$316,556

Purchase Details

Listed on
Oct 8, 2013
Closed on
Nov 25, 2013
Sold by
Saltzberg Glen
Bought by
Swanson Kent A and Swanson Lora L
Seller's Agent
Brad Lippitz
Compass
Buyer's Agent
Jeanine Wheeler
@properties Christie's International Real Estate
List Price
$949,000
Sold Price
$965,000
Premium/Discount to List
$16,000
1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.05%
Original Mortgage
$772,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 29, 2005
Sold by
550 W Wellington Llc
Bought by
Connole James M and Peck Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,500
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 15, 2005
Sold by
550 W Wellington Llc
Bought by
Saltzberg Glen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,500
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Siddiqui Saleem -- None Available
Siddiqui Saleem -- Acquest Title Services Llc
Swanson Kent A $965,000 Stewart Title Company
Connole James M -- Chicago Title Insurance Comp
Saltzberg Glen $995,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siddiqui Saleem $729,208
Closed Swanson Kent A $772,000
Previous Owner Saltzberg Glen $696,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2013 12/02/13 Sold $965,000 +1.7% $483 / Sq Ft
10/17/2013 10/17/13 Pending -- -- --
10/08/2013 10/08/13 For Sale $949,000 -- $475 / 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 $20,898 $104,448 $7,550 $96,898
2023 $20,351 $102,364 $6,089 $96,275
2022 $20,351 $102,364 $6,089 $96,275
2021 $19,915 $102,364 $6,089 $96,275
2020 $17,392 $81,173 $4,018 $77,155
2019 $17,174 $88,907 $4,018 $84,889
2018 $16,884 $88,907 $4,018 $84,889
2017 $17,202 $83,283 $3,531 $79,752
2016 $16,181 $83,283 $3,531 $79,752
2015 $14,781 $83,283 $3,531 $79,752
2014 $12,849 $71,821 $2,892 $68,929
2013 $12,584 $71,821 $2,892 $68,929
Source: Public Records

Agents Affiliated with this Home

  • Brad Lippitz

    Seller's Agent in 2013

    Brad Lippitz

    Compass

    (847) 778-6207

    128 in this area

    526 Total Sales

    Brad Lippitz
    Section Image
  • Jeanine Wheeler

    Buyer's Agent in 2013

    Jeanine Wheeler

    @ Properties

    (312) 961-7783

    10 in this area

    77 Total Sales

    Jeanine Wheeler
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08462986

Midwest Real Estate Data (MRED)

APN: 14-28-108-031-1016

Illinois Cook County Chicago 60657 Lakeview East

550 W Wellington Ave Unit 9W, Chicago, IL

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