NOT LISTED FOR SALE

Estimated Value: $325,000 - $378,000

2 Beds
2 Baths
1,460 Sq Ft
$751/mo HOA Fee

Last Sold April 21, 2023

Last sale price $325,000 $223 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,071/month

34 Days on Market

Highlights

  • Doorman
  • Waterfront
  • Community Pool
  • Fitness Center
  • Sauna
  • 2-minute walk to Park 517

About This Home

As of April 2023

Highly desirable "E" TIER with unobstructed Lake Michigan and City Views! Begin and end every day in a serene state of mind with destination vistas found from every room of this large, sunny, lakefront / beachfront property featuring TWO balconies! Enjoy magnificent sunrises and sunsets from the south-facing rooms. Romantic evenings watching sailboats glide by on the silvery blue shimmer of the water at dusk. This meticulously cared-for energy-efficient home offers dual heating options - central HVAC plus modern high-efficiency baseboards. Unit can be zone heated to adjust for comfort and provide energy savings. Windows have been refurbished with 80% of glass replaced and new weather stripping. Living room features brand new retractable screen to maximize phenomenal view of lake and skyline. The primary bedroom features a large walk-in "California Closet" type setup. Lie in bed and enjoy views of the lake while listening to the waves crash on the shore below. The primary bathroom features custom-made Bertch vanity, Kohler pinstripe fixtures and valves, French shower, Extra-deep Hydrosystems custom jet tub with special back jet feature - perfect for relaxing and removing aches and pains. Thomas O'Brien sconces, Duravit toilet, and Robern medicine cabinet with dual internal electrical outlets. Lighting is all dimmable to create the perfect spa atmosphere. 95% of plumbing in both bathrooms was replaced with new copper pipes. Kitchen features Kitchen-Aid range with dual self-cleaning ovens; Kitchen-Aid convection microwave hood; Kitchen-Aid dishwasher and Samsung refrigerator. One of the best-managed buildings in Chicago, the Malibu has NEVER had a special assessment. As of 12/31/2022 reserves are $3,450,865 and major capital projects are budgeted. 2023 projects include new gym facing the lake and new locker rooms and saunas. Everything is steps away: Mariano's, Whole Foods, multiple bus lines including express bus to downtown, CTA train, Lake Michigan beaches, running, walking and bike paths, and numerous unique restaurants! Beach living at its best!

Last Agent to Sell the Property

Ada Belson

@properties Christie's International Real Estate License #475171290 Listed on: 02/01/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Michael Saladino

Keller Williams ONEChicago License #471019865

Keller Williams ONEChicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,415

Year Built

  • Built in 1969

Lot Details

  • 1.19

HOA Fees

  • $751 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Leased Parking

Interior Spaces

  • 1,460 Sq Ft Home
  • Entrance Foyer
  • Living Room
  • Dining Room

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

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

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Additional Features

  • Waterfront

Community Details

Overview

  • Association fees include water, insurance, security, doorman, tv/cable, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 356 Units
  • Lynn Winters Association, Phone Number (773) 334-3313
  • High-Rise Condominium
  • Malibu Subdivision
  • Property managed by Malibu Condo Assn.
  • 39-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sundeck
  • Sauna
  • Party Room
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Package Room
  • Convenience Store
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,415

Year Built

Built in 1969

Lot Details

0

HOA Fees

$751 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Subdivision Name: Malibu
  • Year Built: 1969
  • Age: 51-60 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): No
  • Unit Floor Level: 12
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 39

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Walk-In Closet(s)
  • LivingArea: 1460
  • Room Type: Balcony/Porch/Lanai, Foyer, Walk In Closet
  • Stories Total: 39
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Plans

Exterior Features

  • List Price: 329900
  • Waterfront: Yes
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 751
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Sauna, Service Elevator(s), Valet/Cleaner, Water View
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Malibu Condo Assn.
  • Management Contact Name: Lynn Winters
  • Management Phone: 773-334-3313
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Security, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

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

Rental Info

  • Lease Amount: 150
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 4414.73
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 356

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
Apr 17, 2023
Sold by
Hussey Jens M
Bought by
Morgan Chester and Morgan Nicole Ewing
Seller's Agent
Ada Belson
@properties Christie's International Real Estate
Buyer's Agent
Michael Saladino
Keller Williams ONEChicago
List Price
$339,900
Sold Price
$325,000
Premium/Discount to List
-$14,900
-4.38%
Total Days on Market
34
Views
48
Current Estimated Value
$358,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,799
Avg. Annual Appreciation
5.72%
Original Mortgage
$330,000
Interest Rate
7.13%
Mortgage Type
VA

Purchase Details

Closed on
May 21, 2015
Sold by
Hussey Jens Michael and Hussie Michael
Bought by
Hussey Jens M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2012
Closed on
May 21, 2012
Sold by
Loge Gilbert T
Bought by
Hussey Jens Michael and Hussie Michael
Seller's Agent
Anne Rossley
Baird & Warner
Buyer's Agent
Edward Hester
@properties Christie's International Real Estate
List Price
$189,000
Sold Price
$172,500
Premium/Discount to List
-$16,500
-8.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$163,875
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2004
Sold by
Loge Gilbert T and Loge May C
Bought by
Loge Gilbert T and Loge May C
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
Morgan Chester $330,000 Proper Title
Hussey Jens M -- Ravenswood Title Company Llc
Hussey Jens Michael $172,500 Stewart Title Company
Loge Gilbert T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Chester $336,389
Closed Morgan Chester $330,000
Previous Owner Hussey Jens M $142,400
Previous Owner Hussey Jens M $42,891
Previous Owner Hussey Jens M $157,000
Previous Owner Hussey Jens Michael $163,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $325,000 -1.5% $223 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
03/03/2023 03/03/23 Price Changed $329,900 -2.9% $226 / Sq Ft
02/01/2023 02/01/23 For Sale $339,900 +97.0% $233 / Sq Ft
06/05/2012 06/05/12 Sold $172,500 -8.7% $117 / Sq Ft
04/18/2012 04/18/12 Pending -- -- --
03/16/2012 03/16/12 For Sale $189,000 -- $128 / 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 $3,933 $26,878 $1,342 $25,536
2023 $3,812 $21,957 $733 $21,224
2022 $3,812 $21,957 $733 $21,224
2021 $4,415 $21,954 $731 $21,223
2020 $3,726 $16,727 $619 $16,108
2019 $3,718 $18,508 $619 $17,889
2018 $3,656 $18,508 $619 $17,889
2017 $3,406 $15,823 $539 $15,284
2016 $3,169 $15,823 $539 $15,284
2015 $2,900 $15,823 $539 $15,284
2014 $2,688 $14,490 $410 $14,080
2013 -- $14,490 $410 $14,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11710913

Midwest Real Estate Data (MRED)

APN: 14-05-215-015-1081