NOT LISTED FOR SALE

Estimated Value: $335,000 - $387,000

2 Beds
2 Baths
1,646 Sq Ft
$923/mo HOA Fee

Last Sold March 28, 2023

Last sale price $270,000 $164 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,281/month

4 Days on Market

Highlights

  • Doorman
  • 5-minute walk to Thorndale Station
  • In Ground Pool
  • Lake Front
  • Fitness Center
  • 2-minute walk to Park 517

About This Home

As of March 2023

Penthouse in a well-known Malibu building, on the shores of Lake Michigan! This corner 2 bedroom, 2 bath condo has breathtaking views of the city and Lake Michigan. The 1646 sf oversized floor plan feels open and airy with plenty of room for a large sectional, a dining room table plus the perfect nook for a sitting area, bar or office. Cook and watch the sunset from the updated white kitchen with new or newer stainless-steel appliances. The property has 3 private balconies and plenty of storage. AC unit, furnace, and water heater are also newer. Balcony doors were refurbished with new glass and screens. There is more: Recently installed Levelor blinds and custom Elfa closets from Container Store throughout. The primary bedroom suite is spacious enough for your king size bed and features a huge walk-in closet. Malibu is a well-managed lakefront building that never had a special assessment. A 24/7 doorman provides around the clock security. There is an outdoor swimming pool, sundeck, sauna, party room, dry cleaners, bike room, exercise room, 24/7 valet parking is $150 a month. Brand-new gym, locker rooms and saunas in the future plan. Everything is a few steps away: Mariano's, Whole Foods, public transportation (busses and the L-train), Lake Michigan beaches, running path, dog park and numerous restaurants!!

Last Agent to Sell the Property

Ada Belson

@properties Christie's International Real Estate License #475171290 Listed on: 03/09/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Aida Roman Rojas

HomeSmart Connect LLC License #475125260

HomeSmart Connect LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,848

Year Built

  • Built in 1969

Lot Details

  • Lake Front
  • End Unit

HOA Fees

  • $923 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Leased Parking

Interior Spaces

  • 1,646 Sq Ft Home
  • Entrance Foyer
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

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

Outdoor Features

  • In Ground Pool

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, doorman, tv/cable, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 356 Units
  • Atica Kalamperovic Association, Phone Number (773) 334-0878
  • High-Rise Condominium
  • Malibu Subdivision
  • Property managed by Malibu Condo Association
  • 39-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sundeck
  • Sauna
  • Party Room
  • Laundry Facilities
  • Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Pets up to 99 lbs
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,848

Year Built

Built in 1969

Lot Details

0

HOA Fees

$923 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: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 39
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 39

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1646
  • Room Type: Foyer, Walk In Closet, Balcony/Porch/Lanai
  • Stories Total: 39
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony, In Ground Pool, End Unit, Cable Access
  • Lot Features: Lake Front
  • 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
  • Electric: Circuit Breakers
  • Heating: Electric, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 923
  • Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Sauna, Valet/Cleaner, Clubhouse, Laundry
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Malibu Condo Association
  • Management Contact Name: Atica Kalamperovic
  • Management Phone: 773-334-0878X1
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Lot Dimensions: COMMON
  • 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: 99

Tax Info

  • Tax Annual Amount: 4848.43
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 356

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
Mar 23, 2023
Sold by
Storm Gene and Storm John
Bought by
Divakar Sriram and Malali Vandana
Seller's Agent
Ada Belson
@properties Christie's International Real Estate
Buyer's Agent
Aida Roman Rojas
HomeSmart Connect LLC
List Price
$274,900
Sold Price
$270,000
Premium/Discount to List
-$4,900
-1.78%
Views
46
Current Estimated Value
$369,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,490
Avg. Annual Appreciation
12.88%

Purchase Details

Closed on
Oct 25, 2001
Sold by
Maderer Joel A
Bought by
Storm Gene and Storm John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
6.8%

Purchase Details

Closed on
Jan 23, 1997
Sold by
Benson Nels and Benson Sonia
Bought by
Maderer Joel Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.66%
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
Divakar Sriram $270,000 None Listed On Document
Storm Gene $228,500 --
Maderer Joel Alan $118,000 Mercury Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Storm Gene $182,400
Previous Owner Maderer Joel Alan $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2023 03/28/23 Sold $270,000 -1.8% $164 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $274,900 -- $167 / 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 $5,090 $33,022 $1,648 $31,374
2023 $4,941 $27,444 $901 $26,543
2022 $4,941 $27,444 $901 $26,543
2021 $4,848 $27,441 $899 $26,542
2020 $3,887 $20,551 $761 $19,790
2019 $3,880 $22,740 $761 $21,979
2018 $3,813 $22,740 $761 $21,979
2017 $3,458 $19,439 $661 $18,778
2016 $3,393 $19,439 $661 $18,778
2015 $3,081 $19,439 $661 $18,778
2014 $2,827 $17,803 $504 $17,299
2013 $2,760 $17,803 $504 $17,299
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11734240

Midwest Real Estate Data (MRED)

APN: 14-05-215-015-1356