NOT LISTED FOR SALE

907 W Margate Terrace Unit 2 Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $354,000 - $541,000

2 Beds
2 Baths
1,495 Sq Ft
$241/mo HOA Fee

Last Sold October 01, 2015

Last sale price $343,750 $230 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,176/month

14 Days on Market

Highlights

  • Deck
  • Whirlpool Bathtub
  • Stainless Steel Appliances
  • Wood Flooring
  • Walk-In Pantry
  • 2-minute walk to Buttercup Park

About This Home

As of October 2015

Margate Park was forged as a turn-of-the-century summer playground for wealthy Chicagoans due to its proximity to the train & shore.Vintage enthusiasts have preserved "907" as an architectural gem! This unique blk is like none other! A one-way tree-lined quiet st is bordered by two pks & easy Marine Dr access to LK SH Dr. This hm is a lovingly restored walkup w/ unparalleled quality. Open LR/DR/KIT are perfect for entertaining. The KIT has exquisitely furnished cabs-built-in pantry-SS appls-granite counters & island bar seating. A FIREPL unifies the balance of the LR & window-bayed DR area. Bull's-eye millwork-crown mlds-raised height baseboards & oak flrs thruout make this hm so special. 2nd BR/guests use a full hall BTH dressed in tumbled stone. Oversized mas suite features 2-walls of orgnzd clts & a palatial BTH w/ jetted steeping tub-sep shower-tumbled stone surrounds & dbl vanity. Bk exit leads to a 16'x 7' pri dk. Pkg spot is incld behind the bldg. This beauty is waiting for YOU!

Last Agent to Sell the Property

Terry Philips

Compass License #475129573 Listed on: 08/13/2015

Compass

Last Buyer's Agent

Nick Powers

Baird & Warner License #475122366

Baird & Warner

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,630

Year Built

  • 1917

Lot Details

  • 7,100

HOA Fees

  • $241 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Gas Log Fireplace
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Parking Available
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • North or South Exposure
  • Deck
  • East or West Exposure

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,630

Year Built

1917

Lot Details

0

HOA Fees

$241 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: 2
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1917
  • Tax Exemptions: Homeowner
  • Type Attached: Condo, Low Rise (1-3 Stories), Vintage
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1917

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Laundry, Laundry Hook-Up in Unit
  • Number Of Rooms: 5
  • Living Room: Dimensions: 14X19, On Level: 2nd Level, Flooring: Hardwood, Windows: Shades
  • Appliances: Oven/Range, Microwave, Dishwasher, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
  • Fireplace Details: Gas Logs, Gas Starter
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Unfinished, Exterior Access
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Double Sink
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 09X11, On Level: 2nd Level, Flooring: Hardwood, Windows: Shades
  • Kitchen Type: Dimensions: 11X15, On Level: 2nd Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Eating Area-Breakfast Bar, Pantry-Closet
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X16, On Level: 2nd Level, Flooring: Hardwood, Windows: Shades
  • Bedroom 2: Dimensions: 10X13, On Level: 2nd Level, Flooring: Hardwood, Windows: Shades
  • Estimated Sq Ft: 1495
  • Dining Room Type: Separate

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Deck
  • Exposure: N (North), E (East)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Alley
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Self-Management
  • Pet Information: Cats OK, Dogs OK, Pet Count Limitation
  • Common Area Amenities: Storage
  • Assessment Includes: Water, Common Insurance, Scavenger, Snow Removal
  • Assessment Association Fees: 241
  • Management Contact Name: JOHN WINOGROCKI
  • Management Phone: 999-999-9999

Fee Information

  • Management Company: SELF MANAGED

Schools

  • School District: 299
  • Elementary School: MCCUTCHEON ELEMENTARY SCHOOL
  • Middle School: MCCUTCHEON ELEMENTARY SCHOOL
  • High School: SENN HIGH SCHOOL
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 14084130491002

Multi Family

  • Total Number Unitsin Building: 7
  • Number Stories: 3

Tax Info

  • Taxes: 4650.20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2015
Closed on
Sep 28, 2015
Sold by
The Chicago Trust Company Na
Bought by
Kolodizner Alisa
Seller's Agent
Terry Philips
Compass
Buyer's Agent
Nick Powers
Baird & Warner
List Price
$358,000
Sold Price
$343,750
Premium/Discount to List
-$14,250
-3.98%
Current Estimated Value
$453,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,588
Avg. Annual Appreciation
2.71%
Original Mortgage
$275,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2015
Sold by
Chapman Dianne D
Bought by
The Chicago Trust Company Na and Trust #Sbl 3957

Purchase Details

Closed on
Sep 14, 2004
Sold by
Schaefer Building Corp
Bought by
Chapman Dianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.37%
Mortgage Type
Unknown
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
Kolodizner Alisa $344,000 First American
The Chicago Trust Company Na -- None Available
Chapman Dianne $363,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolodizner Alisa $5,000,000
Closed Kolodizner Alisa $5,000,000
Closed Kolodizner Alisa $307,500
Closed Kolodizner Alisa $275,000
Previous Owner Chapman Dianne $235,000
Previous Owner Chapman Dianne $262,000
Previous Owner Chapman Dianne D $15,000
Previous Owner Chapman Dianne $265,000
Previous Owner Chapman Dianne $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2015 10/01/15 Sold $343,750 -4.0% $230 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $358,000 -- $239 / 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 $39,830 $9,425 $30,405
2023 $5,467 $30,000 $8,424 $21,576
2022 $5,467 $30,000 $8,424 $21,576
2021 $5,363 $29,999 $8,424 $21,575
2020 $6,067 $30,985 $5,265 $25,720
2019 $6,172 $34,149 $5,265 $28,884
2018 $6,067 $34,149 $5,265 $28,884
2017 $5,179 $27,434 $4,633 $22,801
2016 $4,995 $27,434 $4,633 $22,801
2015 $4,547 $27,434 $4,633 $22,801
2014 $4,650 $27,632 $3,580 $24,052
2013 $4,933 $29,754 $3,580 $26,174
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09011274

Midwest Real Estate Data (MRED)

APN: 14-08-413-049-1002