NOT LISTED FOR SALE
Studio
1 Bath
15,000 Sq Ft
10,019 Sq Ft Lot

Last Sold December 12, 2024

Last sale price $4,300,000 $287 Per Sq Ft

Highlights

  • 0.23 Acre Lot
  • Wood Flooring
  • Brick or Stone Mason
  • Lincoln Elementary School Rated 9+
  • No HOA
  • 4-minute walk to Jack London Square Marina Lawn

About This Home

As of December 2024

Historic freestanding mixed-use building with full floor penthouse loft. Designed by prominent architect Leonard Thomas (of Thomas Brothers Map fame) in 1917, this heavy brick and timber building is emblematic of early 20th century industrial buildings of that era. Thomas was at the forefront of mixing elements to beautify traditional utilitarian architecture with arched windows, patterned brick, & deep corbeled cornices. Used as The American Bag Company and Union Hide Co. from 1917 through the late 1980’s (known for making, mending and guaranteeing burlap bags), the building was purchased by the current owner and completely renovated 1994-1999 before joining the National Register of Historic Places. The building consists of 3 stories currently demised into four separately metered spaces with the second and third floors being single-tenant full floors (3rd floor is a live/work loft).

Last Agent to Sell the Property

Andy Read

Corcoran Icon Properties License #01356611 Listed on: 08/15/2024

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1916

Lot Details

  • 10,019

Home Design

  • Loft
  • Brick or Stone Mason

Interior Spaces

  • 15,000 Sq Ft Home
  • Window Treatments
  • Finished Basement
  • Basement Storage

Flooring

  • Wood
  • Carpet
  • Concrete
  • Tile

Laundry

  • Dryer
  • Washer

Parking

  • 9 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling Available
  • Zoned Heating
  • Wall Furnace

Community Details

  • No Home Owners Association
  • Bridge Aor Association

Property Details

Home Type

Condominium

Year Built

Built in 1916

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Sub Type: Loft
  • Property Type: Residential Income
  • LotSizeAcres: 0.23
  • Has HOA?: No
  • Co List Office Mls Id: OBOPCRO 04
  • Special Conditions: Standard
  • Directions: Harrison to 3rd
  • Basement: Finished, Storage Space
  • Has Basement?: Yes
  • Has Cooling?: Yes
  • Living Area: 15000
  • Year Built: 1916
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Washer
  • Flooring: Concrete, Tile, Carpet, Wood
  • Interior Amenities: Elevator
  • Window Features: Window Coverings

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Has Attached Garage?: No
  • Has Carport?: No
  • Has Attached Garage?: No
  • Parking Features: Off Street
  • Total Parking Spaces: 9

Utilities

  • Heating: Zoned, Wall Furnace, MultiUnits
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR

Lot Info

  • Lot Size Sq Ft: 10000
  • Zoning: C-45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Nov 22, 2024
Sold by
Abb Third Street Llc
Bought by
One Renaissant Day Llc
Seller's Agent
Andy Read
Corcoran Icon Properties
List Price
$4,995,000
Sold Price
$4,300,000
Premium/Discount to List
-$695,000
-13.91%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,970,000
Outstanding Balance
$2,935,415
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2010
Sold by
Dreisbach Ronald T and Dreisbach Marianne L
Bought by
Abb Third Street Llc

Purchase Details

Closed on
Dec 28, 2009
Sold by
Dreisbach Ronald T and Dreisbach Marianne L
Bought by
Dreisbach Sarah M and Sarah M Dreisbach Living Trust

Purchase Details

Closed on
Jun 9, 1995
Sold by
Dreisbach Ronald T and Dreisbach Marianne L
Bought by
Dreisbach Ronald T and Dreisbach Marianne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.92%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 2, 1993
Sold by
H & S Harrison Property Inc
Bought by
Dreisbach Ronald T and Dreisbach Marianne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.89%
Source: Public Records
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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
One Renaissant Day Llc $4,300,000 Chicago Title
Abb Third Street Llc -- None Available
Kidspart Llc -- None Available
Dreisbach Sarah M -- None Available
Dreisbach Jason W -- None Available
Menezes Linda P -- None Available
Dreisbach Ronald T -- None Available
Dreisbach Ronald T -- Chicago Title Company
Dreisbach Ronald T $493,500 Chicago Title Company
Brown Edmund G $493,500 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open One Renaissant Day Llc $2,970,000
Previous Owner Dreisbach Ronald T $800,000
Previous Owner Dreisbach Ronald T $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2024 12/12/24 Sold $4,300,000 -13.9% $287 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $4,995,000 -- $333 / Sq Ft
Source: bridgeMLS

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
2025 $14,130 $1,200,000 $400,000 $800,000
2024 $14,130 $820,988 $55,538 $765,450
2023 $14,786 $804,891 $54,449 $750,442
2022 $13,553 $789,112 $53,381 $735,731
2021 $13,020 $773,642 $52,335 $721,307
2020 $12,888 $765,711 $51,798 $713,913
2019 $12,440 $750,700 $50,783 $699,917
2018 $12,161 $735,984 $49,787 $686,197
2017 $11,744 $721,556 $48,811 $672,745
2016 $11,387 $707,411 $47,854 $659,557
2015 $11,300 $696,790 $47,136 $649,654
2014 $11,474 $683,144 $46,213 $636,931
Source: Public Records

Agents Affiliated with this Home

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Source: bridgeMLS

MLS Number: 41069906

bridgeMLS

APN: 001-0151-046-00

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