NOT LISTED FOR SALE

7225 W Higgins Ave Unit 501 Chicago, IL 60656

Norwood Park Neighborhood

Estimated Value: $236,310 - $258,000

2 Beds
2 Baths
1,200 Sq Ft
$277/mo HOA Fee

Last Sold June 06, 2018

Last sale price $170,000 $142 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,827/month

23 Days on Market

Highlights

  • Heated Floors
  • 2-minute walk to Harlem Station (Blue Line - O'hare Branch)
  • Property is near a bus stop
  • William Howard Taft High School Rated A-
  • Balcony

About This Home

As of June 2018

What a location! Steps from CTA Blue line and the Kennedy. Rehabbed corner penthouse condo with expansive North and West 5th floor views. What a fantastic value for such a large 2 bed unit plus balcony! This condo has an extra half bath, tons of closet space in each bedroom, and a large newly renovated kitchen/bath. The entire unit has heated concrete floors for increased comfort and privacy. Unit has air conditioning. 1 parking spot AND storage cage included. Laundry in building. Building is 100% owner occupied - no rentals and no pets! Radiant heat is included in assessments!

Last Agent to Sell the Property

Mark Winkelman

Baird & Warner License #475146425 Listed on: 03/26/2018

Baird & Warner

Last Buyer's Agent

Erik Schwab

Corcoran Urban Real Estate License #471021496

Corcoran Urban Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,887

Year Built | Renovated

  • 1972 | 2016

Lot Details

  • 0.8

HOA Fees

  • $277 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Heated Floors

Parking

  • Parking Available
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • Common Area

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,887

Year Built | Renovated

1972 | 2016

Lot Details

0

HOA Fees

$277 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train, Interstate Access
  • Recent Rehab: Yes
  • Unit Floor Level: 5
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Condo
  • Rehab Year: 2016
  • Total Full or Half Bathrooms: 1.1
  • Estimated Year Built: 1972
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5
  • Year Built: 1972
  • Year Renovated: 2016

Interior Features

  • Interior Property Features: Elevator, Heated Floors
  • Number Of Rooms: 5
  • Living Room: Dimensions: 27X12, On Level: Main Level, Flooring: Wood Laminate
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 12X10, On Level: Main Level, Flooring: Carpet, Windows: None
  • Kitchen Type: Dimensions: 15X10, On Level: Main Level, Flooring: Ceramic Tile, Windows: Curtains/Drapes
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 15X12, On Level: Main Level, Flooring: Wood Laminate
  • Bedroom 2: Dimensions: 14X12, On Level: Main Level, Flooring: Wood Laminate
  • Estimated Sq Ft: 1200

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Balcony

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: 2 (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Radiant

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Management: Self-Management
  • Pet Information: No Pets
  • Common Area Amenities: Coin Laundry, Storage
  • Assessment Includes: Heat, Water, Gas, Parking, Common Insurance, Exterior Maintenance, Scavenger, Snow Removal
  • Assessment Association Fees: 277
  • Management Contact Name: Zlatko Nenadic
  • Management Phone: 773-592-3262

Fee Information

  • Management Company: Self managed

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds
  • Parcel Identification Number: 12122020841023

Multi Family

  • Total Number Unitsin Building: 28
  • Number Stories: 5

Tax Info

  • Taxes: 2108

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2018
Closed on
Jun 4, 2018
Sold by
Sandona Eugene
Bought by
Patel Sejalbahen and Deshpande Abhishek
Seller's Agent
Mark Winkelman
Baird & Warner
Buyer's Agent
Erik Schwab
Corcoran Urban Real Estate
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%
Current Estimated Value
$250,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,078
Avg. Annual Appreciation
5.35%
Original Mortgage
$127,500
Outstanding Balance
$110,266
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$139,812

Purchase Details

Listed on
Jan 27, 2014
Closed on
Mar 14, 2014
Sold by
Miller Gloria
Bought by
Sandona Eugene
Seller's Agent
Susan Bragg
Baird & Warner
Buyer's Agent
Mark Winkelman
Baird & Warner
List Price
$115,000
Sold Price
$109,000
Premium/Discount to List
-$6,000
-5.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.16%
Original Mortgage
$98,100
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 1996
Sold by
Midwest Trust Services Inc
Bought by
Chreptyk Anna Bernadette
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
Patel Sejalbahen $170,000 Chicago Title
Sandona Eugene $109,000 Chicago Title Insurance Co
Chreptyk Anna Bernadette -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Sejalbahen $127,500
Previous Owner Sandona Eugene $98,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2018 06/06/18 Sold $170,000 -2.9% $142 / Sq Ft
04/18/2018 04/18/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $175,000 +60.6% $146 / Sq Ft
03/25/2014 03/25/14 Sold $109,000 -5.2% $89 / Sq Ft View Prior Sale
02/07/2014 02/07/14 Pending -- -- --
01/27/2014 01/27/14 For Sale $115,000 -- $94 / 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 $2,887 $22,341 $3,293 $19,048
2023 $2,793 $17,000 $2,634 $14,366
2022 $2,793 $17,000 $2,634 $14,366
2021 $2,749 $16,999 $2,634 $14,365
2020 $2,329 $13,556 $1,646 $11,910
2019 $2,280 $14,779 $1,646 $13,133
2018 $2,919 $14,779 $1,646 $13,133
2017 $2,803 $13,022 $1,448 $11,574
2016 $2,108 $13,022 $1,448 $11,574
2015 $2,386 $13,022 $1,448 $11,574
2014 $2,769 $14,922 $1,382 $13,540
2013 $800 $14,922 $1,382 $13,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09896002

Midwest Real Estate Data (MRED)

APN: 12-12-202-084-1023