NOT LISTED FOR SALE

925 W Margate Terrace Unit 2E Chicago, IL 60640

Margate Park Neighborhood

Estimated Value: $141,000 - $569,000

3 Beds
2 Baths
2,000 Sq Ft
$330/mo HOA Fee

Last Sold July 19, 2019

Last sale price $435,000 $218 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,299/month

6 Days on Market

Highlights

  • Deck
  • Sun or Florida Room
  • Stainless Steel Appliances
  • Wood Flooring
  • Formal Dining Room
  • 1-minute walk to Buttercup Park

About This Home

As of July 2019

Modern vintage at its' best! Elegant spacious 3BD, 2BA home with a wonderful floorplan. Gracious entry, formal LR and DR have cove ceilings and are separated by french doors. Both rooms open to a charming sunroom. Renovated KIT w granite counters, ample cabs, Viking stove, Bosch DW and LG fridge leads to a small deck perfect for grilling! King-sized Master suite with professionally organized closets and large full bath. WBFP in LR, in-unit laundry, hdwd flrs, central air, thermopane windows and NEW HVAC. Beautiful well-run bldg. EZ walk to Red Line, 146/151/136/147 buses and access to LSD. EZ walk to Mariano's, Tweet, Asia on Argyle, the Green Mill, Andersonville and more. Puptown, Wilson Dog beach, Foster and Montrose beaches, Montrose Harbor, The Dock, the Bird Sanctuary, jogging/biking/walking lakefront paths at your feet. Quiet residential area of a dynamic neighborhood with the many entertainment, dining and shopping options! Exterior pkg space and storage included.

Last Agent to Sell the Property

Sandra Black

RE/MAX 10 Lincoln Park License #475138021 Listed on: 05/16/2019

RE/MAX 10 Lincoln Park

Last Buyer's Agent

Christopher Helland

Redfin Corporation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,751

Year Built

  • Built in 1925

Lot Details

  • 7,100

HOA Fees

  • $330 Monthly HOA Fees

Home Design

  • Cedar

Interior Spaces

  • 2,000 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Sun or Florida Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 100 Amp Service

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, scavenger, snow removal
  • 7 Units
  • Property managed by SELF MGD

Amenities

  • Community Storage Space

Pet Policy

  • Pets up to 99 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,751

Year Built

Built in 1925

Lot Details

0

HOA Fees

$330 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1925
  • 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): No
  • Unit Floor Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Laundry, Storage, Walk-In Closet(s)
  • LivingArea: 2000
  • Room Type: Sun Room
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 2000
  • Assessed Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2000
  • Fireplace Location: Living Room
  • Total Sq Ft: 2000
  • Main Level Sq Ft: 2000

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 454900
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 1
  • Number of Cars: 1
  • Driveway: Off Alley
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 330
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Management Company: SELF MGD
  • Management Contact Name: XXX
  • Management Phone: 555-555-5555
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: PER SURVERY
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 99

Tax Info

  • Tax Annual Amount: 3751
  • Tax Year: 2017
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Jul 8, 2019
Sold by
Hanak Micheal and Hanak Neive
Bought by
Sheehan Kevin T and Dunne Nora L
Seller's Agent
Sandra Black
RE/MAX 10 Lincoln Park
Buyer's Agent
Christopher Helland
Redfin Corporation
List Price
$454,900
Sold Price
$435,000
Premium/Discount to List
-$19,900
-4.37%
Current Estimated Value
$446,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,183
Avg. Annual Appreciation
1.20%
Original Mortgage
$326,250
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2016
Closed on
May 25, 2016
Sold by
Johnson Melinda K
Bought by
Hanak Michael and Hanak Neive
Seller's Agent
Sandra Black
RE/MAX 10 Lincoln Park
Buyer's Agent
Gary Quateman
Near North Realty
List Price
$419,900
Sold Price
$415,000
Premium/Discount to List
-$4,900
-1.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.52%
Original Mortgage
$394,250
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2006
Sold by
George Jane A and Fiesel Alfred B
Bought by
Johnson Melinda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 14, 1996
Sold by
Suomi Michael P and Schultz Amy C
Bought by
Fiesel Alfred B and Fiesel George Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,400
Interest Rate
7.44%
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
Sheehan Kevin T $435,000 Citywide Title Corporation
Hanak Michael $415,000 Attorney
Johnson Melinda K $410,000 Chicago Title Insurance Co
Fiesel Alfred B $158,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheehan Kevin T $320,000
Closed Sheehan Kevin T $326,250
Previous Owner Hanak Michael $394,250
Previous Owner Johnson Melinda K $290,120
Previous Owner Johnson Melinda K $306,000
Previous Owner Johnson Melinda K $310,000
Previous Owner George Jane A $110,500
Previous Owner Fiesel Alfred B $126,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $435,000 -4.4% $218 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $454,900 +9.6% $227 / Sq Ft
05/31/2016 05/31/16 Sold $415,000 -1.2% $208 / Sq Ft
04/09/2016 04/09/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $419,900 -- $210 / 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 $7,107 $34,939 $8,494 $26,445
2023 $6,907 $37,000 $7,593 $29,407
2022 $6,907 $37,000 $7,593 $29,407
2021 $6,770 $36,999 $7,592 $29,407
2020 $7,305 $32,792 $4,745 $28,047
2019 $6,572 $36,140 $4,745 $31,395
2018 $6,460 $36,140 $4,745 $31,395
2017 $3,751 $20,800 $4,175 $16,625
2016 $3,666 $20,800 $4,175 $16,625
2015 $3,331 $20,800 $4,175 $16,625
2014 $5,641 $32,973 $3,226 $29,747
2013 $5,519 $32,973 $3,226 $29,747
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10381523

Midwest Real Estate Data (MRED)

APN: 14-08-413-037-1003