Seller's Agent in 2020
Jamarber Luzaj
Area606 Properties, LLC
(312) 296-7719
8 in this area
43 Total Sales
1601 S Indiana Ave Unit 501 Chicago, IL 60616
Central Station NeighborhoodEstimated Value: $400,000 - $960,000
3
Beds
3
Baths
2,600
Sq Ft
$836/mo
HOA Fee
Highlights
- Property is near a park
- Mud Room
- Balcony
- Corner Lot
- Stainless Steel Appliances
- 3-minute walk to Chicago Women's Park and Gardens
About This Home
As of October 2020EXTRAORDINARY 2600 sq ft timber and brick penthouse loft home in SOUTH LOOP with an abundance of outdoor space! ONE OF A KIND find given its sophisticated modern design and spacious floor plan that includes 3 bedrooms, 3 baths, mudroom, wine cellar, and plenty of closet space. The open 14ft ceiling kitchen-dining-living area is the main attraction as it is encased by windows looking out to an unobstructed spectacular Chicago skyline, Lake Michigan, and historical Soldier Field.-a truly amazing view. This home underwent a complete rehab and has all new and upscale finishes-no details were spared! Upscale features include a high efficiency wood burning fireplace, top of the line stainless steel appliances, Italian cabinets, custom 12' waterfall island, dark grey hardwood floors throughout, custom lighting and a coveted wine cellar. Huge master suite with XL walk in closet, large bathroom with large steam shower, stand alone modern tub and heated floors. Large second suite with double bowl vanity, stone top, porcelain floor, tub and heated floors. Very nice size third bedroom and a third bathroom with all natural stone and heated floors. Top floor and corner unit creates privacy and no neighboring noise. Why move to the suburbs when you can live in the city and enjoy two balconies overlooking a private park and spectacular city view and an amazing outdoor oasis of 730 sq ft rooftop deck-perfect for entertaining or family fun! Additional roof top deck with 169 sq ft enclosed space- blueprints have a city permit and ready for buildout! Two deeded parking spots available for a $50k purchase. One parking is in heated garage and the second is outdoor gated and secured. Walk to the lake, Field Museum, Adler Planetarium, Soldier Field, parks, restaurants, nightlife and all that the beautiful South Loop has to offer! Owner is a licensed broker.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $15,090
Year Built | Renovated
- 1911 | 1995
Lot Details
- 0.87
HOA Fees
- $836 per month
Home Design
- Brick Exterior Construction
- Stone Siding
Interior Spaces
- Primary Bathroom is a Full Bathroom
- Bar Fridge
- Wood Burning Fireplace
- Mud Room
- Entrance Foyer
- Storage
Kitchen
- Galley Kitchen
- Breakfast Bar
- Oven or Range
- Range Hood
- Microwave
- High End Refrigerator
- Bar Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Disposal
Laundry
- Dryer
- Washer
Parking
- Parking Available
- Parking Included in Price
Location
- Property is near a park
- Property is near a bus stop
- City Lot
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Lake Michigan Water
Additional Features
- North or South Exposure
- Balcony
- East or West Exposure
Community Details
- Pets Allowed
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2020
Closed on
Oct 28, 2020
Sold by
Luzaj Jamarber and Yepez Elizabeth
Bought by
Lederhausen Rosanna and Castle Johnny
Seller's Agent
Jamarber Luzaj
Area606 Properties, LLC
Buyer's Agent
Greg Zavitz
Coldwell Banker The Real Estate Group
List Price
$1,290,000
Sold Price
$1,170,000
Premium/Discount to List
-$120,000
-9.3%
Total Days on Market
58
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
-$455,200
Avg. Annual Appreciation
-10.39%
Original Mortgage
$1,170,000
Outstanding Balance
$1,054,591
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
-$339,791
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lederhausen Rosanna | $1,170,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lederhausen Rosanna | $1,170,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $1,170,000 | -9.3% | $450 / Sq Ft |
| 09/25/2020 09/25/20 | Pending | -- | -- | -- |
| 07/29/2020 07/29/20 | For Sale | $1,290,000 | -- | $496 / 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 | $15,090 | $69,985 | $20,731 | $49,254 |
| 2023 | $15,090 | $73,140 | $16,680 | $56,460 |
| 2022 | $15,090 | $73,140 | $16,680 | $56,460 |
| 2021 | $14,751 | $73,139 | $16,680 | $56,459 |
| 2020 | $12,396 | $58,745 | $13,701 | $45,044 |
| 2019 | $12,171 | $64,006 | $13,701 | $50,305 |
| 2018 | $12,643 | $64,006 | $13,701 | $50,305 |
| 2017 | $9,306 | $43,231 | $11,318 | $31,913 |
Source: Public Records
Agents Affiliated with this Home
-
Jamarber Luzaj
-
Asia Babbington
A
Seller Co-Listing Agent in 2020
Asia Babbington
Area606 Properties, LLC
(312) 296-7719
2 in this area
7 Total Sales
-
G
Buyer's Agent in 2020
Greg Zavitz
Coldwell Banker The Real Estate Group
Map
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10798542
APN: 17-22-303-031-1187
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