NOT LISTED FOR SALE

850 W Ainslie St Unit 3W Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $455,000 - $511,000

2 Beds
2.5 Baths
1,500 Sq Ft
$247/mo HOA Fee

Last Sold September 24, 2021

Last sale price $407,500 $272 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,358/month

8 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Granite Countertops
  • Deck
  • Sun or Florida Room
  • 3-minute walk to Bill Hersh Playground

About This Home

As of September 2021

Welcome home to this amazing 2 Bedroom 2 1/2 Bath Condo in Beautiful Margate Park. This Condo will check all the boxes located on a quiet tree lined one way street and has had many recent updates. Very large living room with a brick gas fireplace and limestone slab hearth is flanked by beautiful built-ins and an adjoining sunroom with tons of windows. Chefs kitchen with island, stainless steel appliances and granite has a slider out to a huge deck that is great for entertaining. Primary bedroom suite has brand new and stylish spa like bath with huge walk-in shower a double vanity and tons of storage all done in beautiful high end finishes. Guest bedroom has its own private full bath and there is a half bath off hallway. Hardwood floors throughout - lots of closets and storage - in unit laundry - and parking included. Steps to lake - beach and CTA. Walk to Marianos and two dog parks - Wonderful Location!!

Last Agent to Sell the Property

Thomas Secson

Dream Town Real Estate License #475135313 Listed on: 07/15/2021

Last Buyer's Agent

Meta Rose Torchia

@properties Christie's International Real Estate License #475119861

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,737

Year Renovated

  • 2002

Lot Details

  • 7,013

HOA Fees

  • $247 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Bookcases
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Dual Sinks

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, parking, insurance, scavenger
  • 8 Units

Amenities

  • Community Storage Space

Pet Policy

  • Pets up to 199 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,737

Year Renovated

2002

Lot Details

0

HOA Fees

$247 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 3
  • Rehab Year: 2002
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Renovated: 2002

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Gas Cooktop, Gas Oven
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Laundry Hook-Up in Unit, Bookcases, Open Floorplan, Granite Counters
  • LivingArea: 1500
  • Other Equipment: Security System, Intercom, Ceiling Fan(s)
  • Room Type: Foyer, Sun Room
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Bedroom 2 Flooring: Hardwood
  • Kitchen Flooring: Hardwood
  • Kitchen: Eating Area-Breakfast Bar,Island,Granite Counters,Updated Kitchen
  • Living Room Flooring: Hardwood
  • MRD_MBB: Full,Double Sink
  • Master Bedroom Flooring: Hardwood
  • Master Bedroom Dimensions: 14X13
  • Living Room Windows: None

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 409000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 247
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: Self Managed
  • Management Phone: 555-555-5555

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Scavenger

Schools

  • Middle/Junior School District: 299

Lot Info

  • 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: 199

Tax Info

  • Tax Annual Amount: 6736.56
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Sep 14, 2021
Sold by
Mills Richard L and Mills Amy M
Bought by
Black Cassandra
Seller's Agent
Thomas Secson
Dream Town Real Estate
Buyer's Agent
Meta Rose Torchia
@properties Christie's International Real Estate
List Price
$409,000
Sold Price
$407,500
Premium/Discount to List
-$1,500
-0.37%
Current Estimated Value
$482,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,118
Avg. Annual Appreciation
2.94%
Original Mortgage
$366,750
Outstanding Balance
$337,472
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$118,540

Purchase Details

Listed on
Jul 7, 2016
Closed on
Sep 9, 2016
Sold by
Heideman Joseph T and Sweet Dianna L
Bought by
Mills Amy M and Mills Richard L
Seller's Agent
Molly Boyd
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Thomas Secson
Dream Town Real Estate
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.29%
Original Mortgage
$313,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 26, 2012
Closed on
Apr 1, 2013
Sold by
Chicago Title Land Trust Co
Bought by
Heideman Joseph T and Sweet Dianna L
Seller's Agent
Christina Carmody
Fulton Grace Realty
Buyer's Agent
Steven Acoba
Keller Williams Preferred Realty
List Price
$299,900
Sold Price
$292,500
Premium/Discount to List
-$7,400
-2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$277,875
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2010
Sold by
Lotus Thomas J and Sirchio Lotus Gina Marie
Bought by
Chicago Title Land Trust Company and Trust #8002354382

Purchase Details

Closed on
Dec 26, 2008
Sold by
Lotus Thomas J and Lotus Marie Gina
Bought by
Lotus Thomas J and Sirchio Lotus Gina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2007
Sold by
Mcnamara Thomas A and Prosser Kelley E
Bought by
Lotus Thomas J and Sirchio Lotus Gina Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Black Cassandra $407,500 Truly Title
Mills Amy M $330,000 First American Title Insuran
Heideman Joseph T $292,500 None Available
Chicago Title Land Trust Company -- Chicago Title Land Trust Co
Lotus Thomas J -- None Available
Lotus Thomas J $390,000 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Cassandra $366,750
Previous Owner Mills Amy M $292,000
Previous Owner Mills Amy M $313,500
Previous Owner Heideman Joseph T $277,875
Previous Owner Lotus Thomas J $313,000
Previous Owner Lotus Thomas J $312,000
Previous Owner Mcnamara Thomas A $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $407,500 -0.4% $272 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $409,000 +23.9% $273 / Sq Ft
09/16/2016 09/16/16 Sold $330,000 +1.5% $220 / Sq Ft
07/10/2016 07/10/16 Pending -- -- --
07/07/2016 07/07/16 For Sale $325,000 +11.1% $217 / Sq Ft
04/16/2013 04/16/13 Sold $292,500 -2.5% $195 / Sq Ft
02/03/2013 02/03/13 Pending -- -- --
11/26/2012 11/26/12 For Sale $299,900 -- $200 / 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 $5,630 $43,379 $8,140 $35,239
2023 $5,467 $30,000 $7,276 $22,724
2022 $5,467 $30,000 $7,276 $22,724
2021 $6,033 $29,999 $7,275 $22,724
2020 $6,777 $30,423 $4,547 $25,876
2019 $6,737 $33,530 $4,547 $28,983
2018 $6,623 $33,530 $4,547 $28,983
2017 $6,027 $27,998 $4,001 $23,997
2016 $5,608 $27,998 $4,001 $23,997
2015 $5,131 $27,998 $4,001 $23,997
2014 $5,312 $28,631 $3,092 $25,539
2013 $4,729 $28,631 $3,092 $25,539
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11157625

Midwest Real Estate Data (MRED)

APN: 14-08-413-047-1003