NOT LISTED FOR SALE

Platinum Tower 700 W Van Buren St Unit 1006 Chicago, IL 60607

West Loop Neighborhood

Estimated Value: $352,000 - $402,000

2 Beds
2 Baths
1,200 Sq Ft
0.25 Acres Lot

Sale Details

Date Sold: February 14, 2023

Last sale price $345,000 $288 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,155 / mo

20 Days on Market

Highlights

  • Lock-and-Leave Community
  • 4-minute walk to Clinton Station (Blue Line)
  • L-Shaped Dining Room
  • Skinner Elementary School Rated A
  • Vaulted Ceiling
  • 4-minute walk to The Green at 320

About This Home

As of February 2023

10TH FLOOR BEAUTIFUL 2 BED WITH NATURAL LIGHT FROM SOUTHWEST FACING VIEWS OF WEST LOOP! RARELY AVAILABLE, PREFERRED TIER HAS OPEN LAYOUT WITH LARGE WINDOWS AND PLENTY OF NATURAL LIGHT EVERYWHERE. HARDWOOD FLOORING THROUGHOUT. WALK-IN CLOSET IN MASTER SUITE WITH IN-UNIT WASHER DRYER. CABLE, INTERNET AND PARKING INCLUDED IN PRICE. 2ND SPACE AVAILABLE FOR ADD'L $25K. NOTHING TO DO BUT MOVE IN. A+ LOCATION WITH EASY ACCESS TO ALL THE BEST DINING AND SHOPPING IN WEST LOOP, HMART, TARGET, WHOLE FOODS, AND MARIANOS. CONVENIENT ACCESS TO BLUE LINE, BUS LINE, 90/94 AND 290.

Last Agent to Sell the Property

Peter Chrysanthou

Prime Real Estate Group Inc License #471012604 Listed on: 12/28/2022

Last Buyer's Agent

Jessica Macey

Real Broker LLC License #475193433

Real Broker LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,614

Year Built

  • Built in 2001

Lot Details

  • 0.25

HOA Fees

  • $573 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price
  • Deeded Parking Sold Separately

Home Design

  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,200 Sq Ft Home
  • Vaulted Ceiling
  • Living Room
  • L-Shaped Dining Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Outdoor Features

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, security, tv/cable, exterior maintenance, scavenger, snow removal
  • 97 Units
  • Karyn Beard Association, Phone Number (312) 202-9300
  • Condo
  • Property managed by FIRST SERVICE RESIDENTIAL
  • Lock-and-Leave Community
  • 16-Story Property

Pet Policy

  • Pets up to 99 lbs
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,614

Year Built

Built in 2001

Lot Details

0.25 Acres

HOA Fees

$573 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2001
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 10
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 16

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Elevator, Laundry Hook-Up in Unit
  • LivingArea: 1200
  • Other Equipment: Humidifier, TV-Cable, Security System, Intercom, Fire Sprinklers, CO Detectors
  • Room Type: No additional rooms
  • Stories Total: 16
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: L-shaped
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Glass,Concrete

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Deeded Sold Separately
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 573
  • Association Amenities: Elevator(s), Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: FIRST SERVICE RESIDENTIAL
  • Management Contact Name: KARYN BEARD
  • Management Phone: 312-202-9300
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Security, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 99

Tax Info

  • Tax Annual Amount: 6614
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 97

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2022
Closed on
Feb 13, 2023
Sold by
Npad Llc 700 Van Buren Series
Bought by
Patel Karan
Seller's Agent
Peter Chrysanthou
Prime Real Estate Group Inc
Buyer's Agent
Jessica Macey
Real Broker LLC
List Price
$325,000
Sold Price
$345,000
Premium/Discount to List
$20,000
6.15%
Views
16
Current Estimated Value
$381,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,231
Avg. Annual Appreciation
3.15%
Original Mortgage
$334,650
Outstanding Balance
$320,923
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$60,308

Purchase Details

Closed on
Jan 7, 2022
Sold by
Garbis Nickolas G and Gatsinos Peggy
Bought by
Npad Llc-700 Van Buren Series

Purchase Details

Listed on
May 26, 2021
Closed on
Jul 7, 2021
Sold by
Garbis Nickolas G and Gatsinos Peggy
Bought by
Npad Llc-700 Van Buren Series
Seller's Agent
Peter Chrysanthou
Prime Real Estate Group Inc
Buyer's Agent
Aaron Nowak
Fulton Grace Realty
Sold Price
$2,450

Purchase Details

Closed on
Nov 21, 2012
Sold by
Garbis Nickolas G
Bought by
Garbis Nickolas G and Gatsinos Peggy

Purchase Details

Closed on
Jun 18, 2007
Sold by
Kumar Rakesh and Singh Savita
Bought by
Garbis Nickolas G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,400
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2001
Sold by
700 W Van Buren Ii Llc
Bought by
Kumar Rakesh and Singh Savita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,410
Interest Rate
7.06%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patel Karan $345,000 Fidelity National Title
Npad Llc-700 Van Buren Series -- --
Npad Llc-700 Van Buren Series -- --
Npad Llc-700 Van Buren Series -- --
Garbis Nickolas G -- Ravenswood Title Company Llc
Garbis Nickolas G $293,000 Multiple
Kumar Rakesh $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Karan $334,650
Previous Owner Garbis Nickolas G $234,400
Previous Owner Kumar Rakesh $229,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2023 02/14/23 Sold $345,000 +6.2% $288 / Sq Ft
01/18/2023 01/18/23 Pending -- -- --
01/14/2023 01/14/23 For Sale $325,000 0.0% $271 / Sq Ft
01/05/2023 01/05/23 Pending -- -- --
12/28/2022 12/28/22 For Sale $325,000 0.0% $271 / Sq Ft
07/15/2021 07/15/21 Rented -- -- --
06/24/2021 06/24/21 Under Contract -- -- --
05/26/2021 05/26/21 For Rent $2,450 -- --
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 $6,731 $34,339 $750 $33,589
2024 $6,731 $34,339 $750 $33,589
2023 $6,561 $31,792 $411 $31,381
2022 $6,561 $31,792 $411 $31,381
2021 $6,414 $31,792 $411 $31,381
2020 $6,615 $29,594 $411 $29,183
2019 $6,529 $32,388 $411 $31,977
2018 $6,418 $32,388 $411 $31,977
2017 $5,348 $24,760 $363 $24,397
2016 $4,959 $24,760 $363 $24,397
2015 $4,537 $24,760 $363 $24,397
2014 $3,783 $20,391 $308 $20,083
2013 $3,709 $20,391 $308 $20,083
Source: Public Records

Agents Affiliated with this Home

  • Peter Chrysanthou

    Seller's Agent in 2023

    Peter Chrysanthou

    Prime Real Estate Group Inc

    (708) 252-9027

    2 in this area

    143 Total Sales

    Peter Chrysanthou
    Section Image
  • Jessica Macey

    Buyer's Agent in 2023

    Jessica Macey

    Real Broker LLC

    (312) 282-5652

    2 in this area

    135 Total Sales

    Jessica Macey
    Section Image

  • A

    Buyer's Agent in 2021

    Aaron Nowak

    Fulton Grace Realty

    (312) 859-0123

    1 Total Sale

    Aaron Nowak
    Section Image
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About Platinum Tower

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11692069

Midwest Real Estate Data (MRED)

APN: 17-16-117-040-1046

Illinois Cook County Chicago 60607 West Loop

700 W Van Buren St Unit 1006, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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