NOT LISTED FOR SALE

907 W Margate Terrace Unit 3 Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $368,000 - $523,300

2 Beds
2 Baths
1,450 Sq Ft
$491/mo HOA Fee

Last Sold April 27, 2021

Last sale price $410,000 $283 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,581/month

2 Days on Market

Highlights

  • Deck
  • Central Air
  • 2-minute walk to Buttercup Park

About This Home

As of April 2021

THIS IS THE ONE YOU WAITED FOR! One owner for 17 years! Offering 1 year home warranty for closings before 5/15/21. Beautifully updated Margate Park extra wide PENTHOUSE offering ability for a quick close. Well maintained & spacious 2 bed, 2 bath unit with large room sizes, in-unit laundry, deck, assigned parking space and extra storage. Freshly painted and refinished floors throughout. Beautiful kitchen with high end cabinetry, granite counters, built-in KitchenAid refrigerator and new-in-2020 slide-in range & microwave. Large master bath with tumbled marble and slate plus separate jetted Jacuzzi tub / shower. Beautiful vintage style second bath compliments the building's character. Excellent custom closets throughout including 2 hall closets & 2 walls in master. Access to deck thru hallway. New water heater and kitchen faucet in 2017. Gorgeous vintage building was converted to condos with a full building gut rehab in '04. Recent building improvements: Waterproofed west side of building (2020), Deck repairs (2019), Complete roof tear off of the flat tar roof & repair of parapet walls and rebuilding of retaining wall outside basement (2018). Lovely tree top views on a quiet, one-way, tree-lined street sandwiched between two great parks one block off of the lakefront. Only a few blocks to both the Argyle & Lawrence El stops & around the corner from LSD, Lake Michigan & Foster Beach Access, Express Buses 136 & 147, Dog Parks (Puptown & Montrose Beach), Mariano's, Margate Park and more! Floorplan uploaded under Additional Info. Video walkthroughs under media links. Furniture & accessories also available for sale.

Last Agent to Sell the Property

Janelle Jancaric

Rokfish Realty LLC License #471014523 Listed on: 03/20/2021

Last Buyer's Agent

Ellen Webber

@properties Christie's International Real Estate License #475125064

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,752

Year Built | Renovated

  • 1917 | 2004

Lot Details

  • 7,100

HOA Fees

  • $491 per month

Home Design

  • Brick Exterior Construction

Parking

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

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Primary Bathroom is a Full Bathroom
  • Partial Basement
  • Deck

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $3,150 Seller Concession

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,752

Year Built | Renovated

1917 | 2004

Lot Details

0

HOA Fees

$491 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: 3
  • Age: 100+ Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Rehab Year: 2004
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1917
  • Tax Exemptions: Homeowner
  • Type Attached: Condo, Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1917
  • Year Renovated: 2004

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 19X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Fireplace Location: Living Room
  • Basement: Partial
  • Basement: Unfinished
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 7X4, On Level: Main Level
  • Dining Room: Dimensions: 11X9, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Dimensions: 19X12, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: Deck
  • Master Bedroom: Dimensions: 17X16, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 1 Name: Deck, Dimensions: 17X7, On Level: Main Level
  • Bedroom 2: Dimensions: 16X10, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Estimated Sq Ft: 1450

Exterior Features

  • Exterior Building Type: Brick

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

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 491
  • Management Contact Name: Alisa Kolodizner
  • Management Phone: 773-430-3534

Fee Information

  • Management Company: Self Managed

Schools

  • School District: 299
  • Elementary School: Mccutcheon Elementary School
  • High School: Senn High School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: CONDO
  • Parcel Identification Number: 14084130491003

Multi Family

  • Total Number Unitsin Building: 7
  • Number Stories: 1

Tax Info

  • Taxes: 6450.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2021
Closed on
Apr 23, 2021
Sold by
Chapman Brian G and Norton Carolyn M
Bought by
Zupancic Sandy J
Seller's Agent
Janelle Jancaric
Rokfish Realty LLC
Buyer's Agent
Ellen Webber
@properties Christie's International Real Estate
List Price
$400,000
Sold Price
$410,000
Premium/Discount to List
$10,000
2.5%
Current Estimated Value
$464,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,575
Avg. Annual Appreciation
3.17%
Original Mortgage
$292,000
Outstanding Balance
$269,772
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$199,856

Purchase Details

Closed on
Jul 9, 2004
Sold by
Schaefer Building Corp
Bought by
Chapman Brian G and Norton Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,898
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving
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
Zupancic Sandy J $410,000 Proper Title
Chapman Brian G $375,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zupancic Sandy J $292,000
Previous Owner Norton Carolyn M $336,000
Previous Owner Norton Carolyn M $27,000
Previous Owner Chapman Brian G $56,898
Previous Owner Chapman Brian G $303,460
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Sold $410,000 +2.5% $283 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $400,000 -- $276 / 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 $6,752 $41,445 $9,807 $31,638
2023 $6,582 $32,000 $8,766 $23,234
2022 $6,582 $32,000 $8,766 $23,234
2021 $5,765 $31,999 $8,765 $23,234
2020 $6,491 $32,240 $5,478 $26,762
2019 $6,450 $35,533 $5,478 $30,055
2018 $6,340 $35,533 $5,478 $30,055
2017 $5,418 $28,546 $4,821 $23,725
2016 $5,217 $28,546 $4,821 $23,725
2015 $4,750 $28,546 $4,821 $23,725
2014 $4,858 $28,752 $3,725 $25,027
2013 $5,153 $30,960 $3,725 $27,235
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD11027388

Midwest Real Estate Data (MRED)

APN: 14-08-413-049-1003