Lake Point Tower 505 N Lake Shore Dr Unit 4106-07 Chicago, IL 60611
Streeterville Neighborhood
2
Beds
2
Baths
3,200
Sq Ft
$2,391/mo
HOA Fee
Highlights
- Doorman
- Steam Room
- In Ground Pool
- Lake Front
- Fitness Center
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
As of September 2024Welcome to this immaculate, combined double end unit oasis nestled on the 41st floor of Lake Point Tower! Enjoy 3,200 square feet of luxury arranged in a custom, split floor plan with granite tile underneath the lush nylon fiber carpet! 36 floor-to-ceiling, wall-to-wall windows with motorized shades showcase unparalleled views of the distant horizon, Lake Michigan, and the downtown skyline. Utilize the windows for lovely cross-ventilation in the summer and raise the shades for passive heating in the winter. This home is a dream for hosting! It boasts seating for 60+ on the Sunbrella window seats and the floorplan flexibility for 80+ person dinner parties. High-end finishes and appliances abound, including custom storage solutions throughout, a gourmet chef's kitchen with quartz countertops, and the best of the best from the Kitchen and Bath Show, such as the 181-bottle customizable Miele wine refrigerator. Take your pick of two incredible primary suites! The eastern suite features a magnificent undermount tub open to expansive lake views, a spacious steam shower, 2 marble vanity areas, and a windowed walk-in closet with highly customized built-in storage. The western suite also features abundant customized storage, a private en-suite bathroom, and boasts the best city view in the home, looking directly over the Chicago River and downtown skyline. Lake Point Tower is one of Chicago's most iconic buildings and features spectacular amenities and staff. The 2.5-acre private park, lagoon with waterfalls, indoor and outdoor pools, impressive health club with fitness classes and steam room plus sauna, valet parking, multiple in-house engineers, self-checkout market, 2 storage cages that can be combined into 1 double height cage, and indoor pet care area are a small sampling of the elite amenities available to residents. Just steps from Lake Michigan, the lakefront trail, Navy Pier, the Chicago Riverwalk, and all the world-class dining, entertainment, and shopping that downtown Chicago has to offer. Unparalleled in its attention to detail and creature comforts, this home is a marvelous sanctuary in the heart of the city!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475125223 Listed on: 07/08/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $22,365
Year Built
- Built in 1968 | Remodeled in 2017
Lot Details
- End Unit
- Dog Run
- Landscaped Professionally
- Additional Parcels
HOA Fees
- $2,391 Monthly HOA Fees
Home Design
- Pillar, Post or Pier Foundation
- Reinforced Caisson Foundation
- Concrete Perimeter Foundation
Interior Spaces
- 3,200 Sq Ft Home
- Open Floorplan
- Wet Bar
- Built-In Features
- Blinds
- Entrance Foyer
- Family or Dining Combination
- Storage
- Sauna
- Home Gym
- Partially Carpeted
Kitchen
- Built-In Double Oven
- Electric Oven
- Electric Cooktop
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- 2 Full Bathrooms
- Dual Sinks
- Whirlpool Bathtub
- Steam Shower
- Garden Bath
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Home Security
Parking
- Attached Garage
- Heated Garage
- Garage Transmitter
- Garage Door Opener
Accessible Home Design
- Wheelchair Access
- Accessibility Features
- Doors are 32 inches wide or more
- Entry Slope Less Than 1 Foot
Eco-Friendly Details
- Air Exchanger
Pool
- In Ground Pool
- Spa
Outdoor Features
- Pond
- Stamped Concrete Patio
- Outdoor Grill
Location
- Property is near a park
- Property is near a bus stop
Utilities
- Zoned Heating and Cooling
- 3+ Cooling Systems Mounted To A Wall/Window
- 200+ Amp Service
- Lake Michigan Water
- Multiple Water Heaters
- Cable TV Available
Community Details
Overview
- Association fees include water, insurance, security, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
- 750 Units
- Seth Winnie Association, Phone Number (312) 467-0505
- High-Rise Condominium
- Lake Point Tower Subdivision
- Property managed by First Service Residential
- Lock-and-Leave Community
- 70-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Picnic Area
- Common Area
- Shops
- Restaurant
- Steam Room
- Business Center
- Party Room
- Coin Laundry
- Service Elevator
- Package Room
- Convenience Store
- Community Storage Space
- Elevator
Recreation
- Community Spa
- Park
- Bike Trail
Pet Policy
- Pets up to 55 lbs
- Limit on the number of pets
- Pet Size Limit
- 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
Jul 8, 2024
Closed on
Aug 28, 2024
Sold by
Draggoo Kevin L and Draggoo Lauri J
Bought by
Chicago Title Land Trust and Trust Number 9002346885
Seller's Agent
Leigh Marcus
@properties Christie's International Real Estate
Buyer's Agent
Chloe Ifergan
Jameson Sotheby's Intl Realty
List Price
$1,099,900
Sold Price
$990,000
Premium/Discount to List
-$109,900
-9.99%
Total Days on Market
36
Views
67
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
-$104,040
Avg. Annual Appreciation
-14.67%
Purchase Details
Listed on
Dec 1, 2014
Closed on
Mar 4, 2015
Sold by
Huff William A and Huff Susan C
Bought by
Draggoo Kevin L and Draggoo Lauri J
Seller's Agent
Melanie Savvas
ForSalebyOwner.com Referral Services, LLC
Buyer's Agent
Anne Mall
Chicago Real Estate Mall
List Price
$1,250,000
Sold Price
$1,199,500
Premium/Discount to List
-$50,500
-4.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.99%
Original Mortgage
$1,199,500
Interest Rate
1.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $990,000 | Proper Title | |
| Warranty Deed | $1,199,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $920,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,199,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $405,000 | Unknown | |
| Previous Owner | $92,396 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2024 09/23/24 | Sold | $990,000 | -10.0% | $309 / Sq Ft |
| 08/14/2024 08/14/24 | Pending | -- | -- | -- |
| 07/08/2024 07/08/24 | For Sale | $1,099,900 | -8.3% | $344 / Sq Ft |
| 03/13/2015 03/13/15 | Sold | $1,199,500 | -4.0% | $399 / Sq Ft |
| 02/25/2015 02/25/15 | Pending | -- | -- | -- |
| 02/13/2015 02/13/15 | For Sale | $1,250,000 | 0.0% | $416 / Sq Ft |
| 02/09/2015 02/09/15 | Pending | -- | -- | -- |
| 01/03/2015 01/03/15 | Price Changed | $1,250,000 | -7.4% | $416 / Sq Ft |
| 12/01/2014 12/01/14 | For Sale | $1,350,000 | -- | $450 / 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 | $10,284 | $58,066 | $3,337 | $54,729 |
| 2023 | $10,284 | $50,000 | $2,694 | $47,306 |
| 2022 | $10,284 | $50,000 | $2,694 | $47,306 |
| 2021 | $10,054 | $49,999 | $2,694 | $47,305 |
| 2020 | $10,862 | $48,760 | $2,076 | $46,684 |
| 2019 | $10,636 | $52,938 | $2,076 | $50,862 |
| 2018 | $10,457 | $52,938 | $2,076 | $50,862 |
| 2017 | $10,166 | $47,224 | $1,768 | $45,456 |
| 2016 | $9,458 | $47,224 | $1,768 | $45,456 |
| 2015 | $8,654 | $47,224 | $1,768 | $45,456 |
| 2014 | $8,770 | $47,266 | $1,384 | $45,882 |
| 2013 | $8,597 | $47,266 | $1,384 | $45,882 |
Source: Public Records
Agents Affiliated with this Home
-
Leigh Marcus
Seller's Agent in 2024
Leigh Marcus
@ Properties
(773) 645-0686
18 in this area
1,228 Total Sales
-
Chloe Ifergan
Buyer's Agent in 2024
Chloe Ifergan
Jameson Sotheby's Intl Realty
(312) 636-4994
5 in this area
108 Total Sales
-
M
Seller's Agent in 2015
Melanie Savvas
ForSalebyOwner.com Referral Services, LLC
-
Anne Mall
Buyer's Agent in 2015
Anne Mall
Chicago Real Estate Mall
(619) 895-1933
1 in this area
34 Total Sales
About Lake Point Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12104316
APN: 17-10-214-016-1308
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