Seller's Agent in 2023
Earick Rayburn
Rayburn Realty Group INC
(773) 968-6263
3 in this area
192 Total Sales
7337 S South Shore Dr Unit 628 Chicago, IL 60649
South Shore NeighborhoodEstimated Value: $64,504 - $68,000
1
Bed
1
Bath
716
Sq Ft
$575/mo
HOA Fee
Highlights
- Doorman
- Rooftop Deck
- Home Gym
- Fitness Center
- Waterfront
- 2-minute walk to Ashe Beach Park
About This Home
As of March 2023Welcome to the Lake Terrace Condominiums! This spacious 1Bed/1Bath condo within very close proximity to Lake Michigan is not your average unit. Featuring New floors, some New bath fixtures, and being freshly painted, this unit will appeal to that owner occupant looking for a quality unit on the south lakefront or that investor searching for a unit that is rent-ready. On top of that, this full amenity building is an easy win with door staff, fitness center, common laundry, grocery store, beauty salon, cleaners and sun deck to enjoy the lake views; all within minutes to the beach, tennis courts at Arthur Ashe park and public transportation bus stops. Investor friendly building, seller has rented this for years and the last lease was $1150/month.
Last Agent to Sell the Property
Rayburn Realty Group INC License #471014672 Listed on: 01/04/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $301
Year Built
- Built in 1962
Lot Details
- 2.5
HOA Fees
- $575 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 716 Sq Ft Home
- Ceiling Fan
- Living Room
- Formal Dining Room
- Home Gym
- Range
- Laminate Flooring
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Home Security
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Baseboard Heating
- Heating System Uses Steam
Additional Features
- Rooftop Deck
- Waterfront
Community Details
Overview
- Association fees include heat, water, insurance, security, doorman, exercise facilities, exterior maintenance, scavenger
- 364 Units
- Dale Davis Association, Phone Number (773) 768-2470
- High-Rise Condominium
- Property managed by First Residential Services
- 14-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Shops
- Coin Laundry
- Service Elevator
- Lobby
- Community Storage Space
- Elevator
Recreation
- Fitness Center
Pet Policy
- Pets up to 15 lbs
- Limit on the number of pets
- Pet Size Limit
- Pet Deposit Required
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Carbon Monoxide Detectors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 4, 2023
Closed on
Feb 15, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Diaz Gerardo
Seller's Agent
Earick Rayburn
Rayburn Realty Group INC
Buyer's Agent
Paris Jackson
NextHome Dream Big Realty
List Price
$60,000
Sold Price
$58,000
Premium/Discount to List
-$2,000
-3.33%
Views
135
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,626
Avg. Annual Appreciation
5.15%
Purchase Details
Closed on
Mar 22, 2012
Sold by
Baker Loretta L
Bought by
Chicago Title Land Trust Company and Trust #60601
Purchase Details
Closed on
Aug 18, 2005
Sold by
Baker Harold T
Bought by
Baker Harold T and Baker Loretta L
Purchase Details
Closed on
Apr 11, 2000
Sold by
Baker Harold T and Baker Loretta L
Bought by
Baker Harold T
Purchase Details
Closed on
Jul 16, 1999
Sold by
Williamson Rudolph A
Bought by
Baker Harold and Baker Loretta L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
6.87%
Purchase Details
Closed on
Apr 5, 1996
Sold by
Oci Mtg Corp
Bought by
Williamson Rudolph A
Purchase Details
Closed on
Aug 29, 1994
Sold by
Citicorp Mtg Inc
Bought by
Oci Mtg Corp
Purchase Details
Closed on
Aug 17, 1993
Sold by
Sheahan Michael
Bought by
Citibank Fsb
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Diaz Gerardo | $58,000 | Chicago Title | |
| Chicago Title Land Trust Company | -- | Chicago Title Land Trust Co | |
| Baker Harold T | -- | -- | |
| Baker Harold T | -- | -- | |
| Baker Harold | $40,000 | -- | |
| Williamson Rudolph A | -- | -- | |
| Oci Mtg Corp | -- | -- | |
| Citibank Fsb | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Baker Harold T | $29,038 | |
| Previous Owner | Baker Harold | $32,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/07/2023 03/07/23 | Sold | $58,000 | -3.3% | $81 / Sq Ft |
| 01/25/2023 01/25/23 | Pending | -- | -- | -- |
| 01/04/2023 01/04/23 | For Sale | $60,000 | -- | $84 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $317 | $5,367 | $217 | $5,150 |
| 2023 | $308 | $1,500 | $361 | $1,139 |
| 2022 | $308 | $1,500 | $361 | $1,139 |
| 2021 | $301 | $1,499 | $361 | $1,138 |
| 2020 | $390 | $1,751 | $260 | $1,491 |
| 2019 | $389 | $1,937 | $260 | $1,677 |
| 2018 | $383 | $1,937 | $260 | $1,677 |
| 2017 | $354 | $1,646 | $231 | $1,415 |
| 2016 | $330 | $1,646 | $231 | $1,415 |
| 2015 | $366 | $1,996 | $231 | $1,765 |
| 2014 | $385 | $2,076 | $195 | $1,881 |
| 2013 | $459 | $2,522 | $195 | $2,327 |
Source: Public Records
Agents Affiliated with this Home
-
Earick Rayburn
-
Paris Jackson
Buyer's Agent in 2023
Paris Jackson
NextHome Dream Big Realty
(708) 577-0718
1 in this area
3 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11695327
APN: 21-30-114-029-1315
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