Paper Place Lofts 801 S Wells St Unit 410 Chicago, IL 60607
Printers Row NeighborhoodEstimated Value: $332,000 - $372,000
2
Beds
1
Bath
1,530
Sq Ft
$570/mo
HOA Fee
Highlights
- Fitness Center
- Elevator
- Intercom
- Lock-and-Leave Community
- Formal Dining Room
- 5-minute walk to Southbank Riverwalk
About This Home
As of November 2022Now it's your chance! Buyer's financing fell through. Rarely available bright and spacious two bedroom and one bathroom corner unit in historic Paper Place Loft building designed by renowned architect Daniel Burnham. Built in 1912, Paper Place Lofts is located in the heart of Printer's Row. Over 1500 square feet, this amazing unit boasts a large open floor plan, 12 ft. concrete barrel vaulted ceilings, exposed brick walls and giant windows with North and East facing views. The kitchen features custom 42" Maple cabinetry and breakfast bar that opens to a large living room making it great for entertaining. Sun filled master bedroom with oversized windows offers a walk-in closet. Second bedroom with a good size closet. The bathroom includes dual vanities, extra lighting, a large mirror and a tub. Assessment includes water, heat, and air conditioning. A storage cage is included. The building amenities include an exercise room, laundry room (option for in the unit laundry), bike room, and spacious lobby, secured by a locked front door to the building. Close proximity to Riverwalk, Grant Park, Millennium Park, Lake Michigan, Museum Campus, Whole Foods, Target, Roosevelt Collection movie theatre, fabulous restaurants, British International School of Chicago and more. Transportation in the area is plentiful, including LaSalle Blue Line, the Harrison Red Line, and the Metra LaSalle Street Station. Easy access to major expressways (I-90/94/290) as well. Rental and permit parking available.
Last Agent to Sell the Property
Baird & Warner License #475173052 Listed on: 09/14/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,008
Year Built
- Built in 1912 | Remodeled in 1997
Lot Details
- 0.34
HOA Fees
- $570 Monthly HOA Fees
Parking
- 1 Car Garage
- No Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,530 Sq Ft Home
- Entrance Foyer
- Living Room
- Formal Dining Room
- Intercom
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
- Dual Sinks
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, air conditioning, water, insurance, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
- 107 Units
- Kim Association, Phone Number (773) 000-8000
- Property managed by Property Solutions
- Lock-and-Leave Community
- 10-Story Property
Amenities
- Coin Laundry
- Elevator
- Package Room
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 14, 2022
Closed on
Nov 11, 2022
Sold by
Mcneil Simone
Bought by
Lettman Nikesh and Lettman Usha
Seller's Agent
Claudiu Popescu
Baird & Warner
Buyer's Agent
Evan Reynolds
eXp Realty, LLC
List Price
$289,900
Sold Price
$265,000
Premium/Discount to List
-$24,900
-8.59%
Total Days on Market
11
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
$83,762
Avg. Annual Appreciation
11.42%
Original Mortgage
$238,500
Outstanding Balance
$232,489
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$116,273
Purchase Details
Closed on
Jan 7, 2005
Sold by
Mcneil Donald J
Bought by
Mcneil Simone
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
5.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 24, 1999
Sold by
Mcneil Simone
Bought by
Mcneil Donald J
Purchase Details
Closed on
Nov 6, 1997
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Mcneil Donald J and Mcneil Simone
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,465
Interest Rate
7.46%
Similar Homes in Chicago, IL
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lettman Nikesh | $265,000 | Greater Illinois Title | |
| Mcneil Simone | $289,000 | -- | |
| Mcneil Donald J | -- | -- | |
| Mcneil Donald J | $183,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lettman Nikesh | $238,500 | |
| Previous Owner | Mcneil Simone | $135,000 | |
| Previous Owner | Mcneil Simone | $230,400 | |
| Previous Owner | Mcneil Simone | $231,200 | |
| Previous Owner | Coddington Richard D | $36,000 | |
| Previous Owner | Mcneil Donald J | $50,000 | |
| Previous Owner | Mcneil Donald J | $155,465 | |
| Closed | Mcneil Simone | $43,350 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/16/2022 11/16/22 | Sold | $265,000 | -8.6% | $173 / Sq Ft |
| 09/26/2022 09/26/22 | Pending | -- | -- | -- |
| 09/14/2022 09/14/22 | For Sale | $289,900 | -- | $189 / 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 | $5,055 | $35,788 | $3,297 | $32,491 |
| 2023 | $5,055 | $28,001 | $2,663 | $25,338 |
| 2022 | $5,055 | $28,001 | $2,663 | $25,338 |
| 2021 | $4,961 | $27,999 | $2,662 | $25,337 |
| 2020 | $5,008 | $25,581 | $2,408 | $23,173 |
| 2019 | $4,909 | $27,861 | $2,408 | $25,453 |
| 2018 | $4,825 | $27,861 | $2,408 | $25,453 |
| 2017 | $4,808 | $25,712 | $1,992 | $23,720 |
| 2016 | $4,650 | $25,712 | $1,992 | $23,720 |
| 2015 | $4,507 | $27,221 | $1,992 | $25,229 |
| 2014 | $3,148 | $19,536 | $1,835 | $17,701 |
| 2013 | $3,075 | $19,536 | $1,835 | $17,701 |
Source: Public Records
Agents Affiliated with this Home
-
Claudiu Popescu
Seller's Agent in 2022
Claudiu Popescu
Baird Warner
(312) 912-5616
4 in this area
101 Total Sales
-
Evan Reynolds
Buyer's Agent in 2022
Evan Reynolds
eXp Realty, LLC
(847) 848-4647
2 in this area
261 Total Sales
About Paper Place Lofts
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11628968
APN: 17-16-410-022-1040
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