NOT LISTED FOR SALE

Estimated Value: $283,000 - $308,754

2 Beds
2 Baths
1,519 Sq Ft
$841/mo HOA Fee

Last Sold January 31, 2024

Last sale price $255,000 $168 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,645/month

84 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Tennis Courts
  • Lake Front
  • Community Pool
  • 2-minute walk to Park 517

About This Home

As of January 2024

WOW! THIS 2 BEDROOM, 2 BATHROOM CONDO IN THE MALIBU EAST BUILDING LOCATED IN EDGEWATER. MAGNIFICENT VIEWS OF THE LAKE AND CITY. THIS UNIT FEATURES CORIAN COUNTERTOPS, MAPLE CABINETS, AND NICE CARPET IN THE LIVING ROOM, AND BOTH BEDROOMS. THERE IS A LARGE WALK-IN CLOSET IN THE MASTER BEDROOM. THE FURNACE, COMPRESSOR AND HOT WATER HEATER ARE IN GREAT CONDITION. THERE IS A 40'BALCONY THAT IS ACCESSIBLE FROM EACH ROOM. THIS IS A FULL AMENITY BUILDING WITH AN ON-SITE MANAGER FROM MONDAY THRU FRIDAY, 24 HOUR DOOR PERSON, 2 POOLS, PING PONG ROOM, LIBRARY, BILLIARD ROOM, TENNIS COURT, FITNESS CENTER, SAUNAS, PARTY ROOM, CONVENIENT STORE AND A PARTY ROOM, CABLE AND INTERNET. ALL AMENITIES ARE INCLUDED IN THE MONTHLY ASSESSMENTS. THE VALET PARKING IS $170 AND SELF PARKING IS $195 PER MONTH.

Last Listed By

Percy Smith

A-Team Realty License #475126360 Listed on: 10/02/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,699

Year Built

  • Built in 1971

Lot Details

  • 1.62

HOA Fees

  • $841 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Leased Parking
  • Driveway

Interior Spaces

  • 1,519 Sq Ft Home
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water

Additional Features

  • Lake Front

Listing and Financial Details

  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, doorman, tv/cable, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 499 Units
  • Violette Deschamp Association, Phone Number (773) 271-1732
  • High-Rise Condominium
  • Malibu East Subdivision
  • Property managed by SUDLER
  • 45-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sundeck
  • Party Room
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Package Room
  • Convenience Store

Recreation

  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,699

Year Built

Built in 1971

Lot Details

0

HOA Fees

$841 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,High Rise (7+ Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Subdivision Name: Malibu East
  • Year Built: 1971
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 19
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 45

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1519
  • Room Type: No additional rooms
  • Stories Total: 45
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 279000
  • Lot Features: Lake Front, Water View
  • Waterfront: Yes
  • Exterior Building Type: Brick,Concrete

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Fee/Leased
  • Garage Type: Attached
  • Parking: Garage
  • Highest Parking Fee: 195
  • Lowest Parking Fee: 170

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 841
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Receiving Room, Service Elevator(s), Tennis Court(s), Valet/Cleaner
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: SUDLER
  • Management Contact Name: VIOLETTE DESCHAMP
  • Management Phone: 773-271-1732
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Lease Amount: 170
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 1699
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 499

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Jan 27, 2024
Sold by
Stodola Patricia A
Bought by
Burgess Charles and Burgess Diane
Seller's Agent
Percy Smith
A-Team Realty
Buyer's Agent
Kenneth Dooley
Compass
List Price
$279,000
Sold Price
$255,000
Premium/Discount to List
-$24,000
-8.6%
Total Days on Market
84
Views
414
Current Estimated Value
$296,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,439
Avg. Annual Appreciation
13.02%
Original Mortgage
$187,500
Outstanding Balance
$184,923
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$111,516

Purchase Details

Closed on
Jun 14, 2002
Sold by
Cundall Randy A
Bought by
Stodola Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage

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
Burgess Charles $250,000 Proper Title
Stodola Patricia A $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burgess Charles $187,500
Previous Owner Stodola Patricia A $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $255,000 -8.6% $168 / Sq Ft
12/26/2023 12/26/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $279,000 -- $184 / 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 $1,785 $27,914 $1,352 $26,562
2023 $1,785 $22,080 $1,102 $20,978
2022 $1,785 $22,080 $1,102 $20,978
2021 $1,699 $22,078 $1,101 $20,977
2020 $1,753 $19,299 $624 $18,675
2019 $1,748 $21,354 $624 $20,730
2018 $1,722 $21,354 $624 $20,730
2017 $1,843 $16,253 $543 $15,710
2016 $2,241 $16,253 $543 $15,710
2015 $2,154 $16,253 $543 $15,710
2014 $2,024 $15,314 $414 $14,900
2013 $2,307 $15,314 $414 $14,900
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11898393

Midwest Real Estate Data (MRED)

APN: 14-05-215-017-1183