$845,000
SOLD FEB 15, 2022

550 W Wellington Ave Unit 4E Chicago, IL 60657

Lakeview East Neighborhood
2 Beds
2 Baths
2,000 Sq Ft
$659/mo HOA Fee

Recently Sold

$422 Per Sq Ft

1% Below List Price

27 Days on Market

Highlights

  • Whirlpool Bathtub
  • Attached Garage
  • Combination Dining and Living Room
  • Nettelhorst Elementary School Rated A-
  • Resident Manager or Management On Site
  • Heated Garage

About This Home

As of February 2022

Well-known boutique, luxury elevator building in southeast Lakeview, the Brighton! Sunny and generously sized two bedroom, two bath, PLUS den (originally 3rd bedroom) with modernist bones and high-end finishes, with just two units per floor. Cast concrete exterior and oversized windows set the tone for modern lines and great flow with approx. 2000 sqft. of living space, PLUS two outdoor decks. Main living/dining offers enough space for 3 seating areas. Open kitchen features include: Bultaup cabinets, Miele and Sub-Zero appliances, luxury stone surfaces, modernist glass backsplash, and water filter system with instant-hot/cold option. Primary suite is truly a private oasis: large sleeping space, HUGE walk-in closet, private terrace and limestone spa bath with double bowl vanity and separate glass shower. Redesigned guest bath with nice storage and glass shower. Guest bedroom features a wall of closets and private outdoor deck. Additional highlights include walnut floors throughout, in-unit laundry AND trash chute, additional storage and common roof deck. Heated garage parking INCLUDED. Wonderful location - steps to Lincoln Park and lakefront, plus grocery, dining and shopping right around the corner! Located within highly regarded Nettlehorst Elementary district.

Last Agent to Sell the Property

Richard Neal

@properties Christie's International Real Estate License #471015122 Listed on: 12/06/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Ellen Webber

@properties Christie's International Real Estate License #475125064

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,326

Year Built

  • 2000

HOA Fees

  • $659 per month

Parking

  • Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Off Alley Driveway
  • Parking Included in Price

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 16 Units
  • Mickey Nikezic Association, Phone Number (773) 975-7234
  • High-Rise Condominium
  • Property managed by Kass

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,326

Year Built

2000

Lot Details

0

HOA Fees

$659 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo,High Rise (7+ Stories)
  • Property Sub Type: Condo,High Rise (7+ Stories)
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • New Construction Y/N: No
  • Directions: Broadway to Wellington, East to address
  • Lot Size: COMMON
  • New Construction: No
  • Ownership: Condo
  • Special Features: None
  • Year Built: 2000

Interior Features

  • Appliances: Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Cooktop, Built-In Oven, Range Hood, Water Purifier Owned
  • Has Basement: None
  • Estimated Total Finished Sq Ft: 0
  • Assessed 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
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Bar-Dry, Elevator, Hardwood Floors, Laundry Hook-Up in Unit, Storage, Built-in Features, Walk-In Closet(s)
  • Dining Room Type: Den, Walk In Closet, Deck
  • Stories: 9

Exterior Features

  • Exterior Features: Deck, Roof Deck
  • Exterior Building Type: Concrete
  • Waterfront: No

Garage/Parking

  • Number of Cars: 1
  • Driveway: Off Alley
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Unit, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Kass
  • Management Contact Name: Mickey Nikezic
  • Management Phone: 773-975-7234X205
  • Amenities: Bike Room/Bike Trails, Elevator(s), Storage, Sundeck, Security Door Lock(s)
  • Association Fee: 659
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Number Limit

Fee Information

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

Schools

  • Elementary School: Nettelhorst Elementary School
  • Junior High Dist: 299

Lot Info

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

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Multi Family

  • Units in Building: 16

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 13814.74
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2021
Closed on
Feb 28, 2022
Sold by
Block Christopher P and The Christopher P Block Trust
Bought by
Gould Ingrid and Hsiung Robert
Seller's Agent
Richard Neal
@properties Christie's International Real Estate
Buyer's Agent
Ellen Webber
@properties Christie's International Real Estate
List Price
$850,000
Sold Price
$845,000
Premium/Discount to List
-$5,000
-0.59%
Current Estimated Value
$936,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,804
Avg. Annual Appreciation
2.90%
Original Mortgage
$647,200
Outstanding Balance
$536,306
Interest Rate
2.93%
Estimated Equity
$397,673

Purchase Details

Listed on
Dec 6, 2021
Closed on
Feb 1, 2022
Sold by
Block Christopher P and The Christopher P Block Trust
Bought by
Gould Ingrid and Hsiung Robert
Seller's Agent
Richard Neal
@properties Christie's International Real Estate
Buyer's Agent
Ellen Webber
@properties Christie's International Real Estate
List Price
$850,000
Sold Price
$845,000
Premium/Discount to List
-$5,000
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,200
Outstanding Balance
$536,306
Interest Rate
2.93%
Estimated Equity
$397,673

Purchase Details

Closed on
Nov 11, 2014
Sold by
Block Christopher P and Block Margaret M
Bought by
Block Christopher P and Christopher P Block Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
3.26%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Trustee Deed $845,000 --
Trustee Deed $845,000 --
Interfamily Deed Transfer -- Ctt
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $647,200 No Value Available
Closed $647,200 No Value Available
Previous Owner $581,250 Adjustable Rate Mortgage/ARM
Previous Owner $581,250 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $845,000 -0.6% $423 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
12/06/2021 12/06/21 For Sale $850,000 -- $425 / 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 $17,326 $83,787 $6,057 $77,730
2023 $16,186 $82,118 $4,885 $77,233
2022 $16,186 $82,118 $4,885 $77,233
2021 $15,843 $82,117 $4,884 $77,233
2020 $13,815 $65,116 $3,223 $61,893
2019 $13,640 $71,320 $3,223 $68,097
2018 $13,409 $71,320 $3,223 $68,097
2017 $13,655 $66,809 $2,833 $63,976
2016 $13,381 $66,809 $2,833 $63,976
2015 $12,242 $66,809 $2,833 $63,976
2014 $10,689 $57,613 $2,320 $55,293
2013 $10,478 $57,613 $2,320 $55,293
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11264040

Midwest Real Estate Data (MRED)

APN: 14-28-108-031-1005