1601 S Michigan Ave #103, Chicago IL 60616
2 br 2 ba 1,200 sqft Apt/Condo/Twnhm| $299,000 |
Price reduced by $10,000
Description provided by Trulia.
Description provided by Realty Trac.
Listing Details
| Status | For Sale |
| Listing Type | Resale |
| MLS/Source ID | 07156027 |
| Price/sqft | $249 |
| Total views (as of 7/10/09) |
143 |
| Full bathrooms | 2 |
| Days on Trulia | 119 |
| ZIP code | 60616 |
| Neighborhood | Near South Side |
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 06/08/2009 | Price change | $299,000 | century21.com |
| 05/28/2009 | Price change | $309,000 | century21.com |
| 05/27/2009 | Price change | $314,000 | century21.com |
Contact info
Jay Elder
CENTURY 21 S.G.R., Inc.
Provided by: century21.com
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Average listing price is $365,500
Recently sold homes
Average sales price is $285,000
| This home | ||
|---|---|---|
| Listing price: | $299,000 | |
| Compared to similar homes | ||
|---|---|---|
| Avg. listing price: | $365,500 | -18% |
| Avg. sales price: | $285,000 | +5% |
| Compared to Near South Side | ||
|---|---|---|
| Avg. listing price: | $591,566 | -49% |
| Avg. sales price: | $465,566 | -36% |
| Avg. price/sqft: | $224 | +11% |
Comparisons are relative to similar homes on Trulia and are intended as a
guide only. Home values are affected by many factors—find out more
| This home | ||
|---|---|---|
| Listing price: | $299,000 | |
| Compared to Chicago | ||
|---|---|---|
| Avg. listing price: | $463,831 | -36% |
| Avg. sales price: | $277,543 | +8% |
| Avg. price/sqft: | $121 | +106% |
Elementary
Middle
High
| SCHOOL NAME | SCHOOL TYPE | PARENT RATING | DISTANCE (mi) | TEST RATING |
|---|---|---|---|---|
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South Loop Elementary School
Chicago Public School District 299 |
Public | 0.54 | ||
| I would not recommend this school unless you have no other options. The 'gifted' program is no more advanced than any other middle-class school. There… | ||||
|
National Teachers Academy
Chicago Public School District 299 |
Public | 0.62 | ||
| Outstanding opportunities for students that have parents who motivate their children to do their very best. | ||||
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St Therese School
|
Catholic | 0.81 | ||
| Can't find any better than this. Children learn Cantonese and Mandarin (writing and reading) starting in preschool til 8th grade as well as conversational… | ||||
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Haines Elementary School
Chicago Public School District 299 |
Public | 0.85 | ||
| This school provide verygood quality teaching method. Student are giving varieties activity to participate in school and outside of school. I would like… | ||||
|
Daystar School
|
Private | 0.95 | ||
| five star its a wonderful school | ||||
View all schools in:
Chicago Public School District 299
Proximity to this address does not guarantee enrollment eligibility. Please contact a local real estate pro for more info
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Open house times for:1601 S Michigan Ave #103, Chicago IL 60616 |
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Recent Q&A in Near South Side, Chicago, IL
| Communities near 1601 S Michigan Ave #103, Chicago | ||||||||||||||
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This Apt/Condo/Twnhm located at 1601 S Michigan Ave, Chicago IL, 60616 is currently for sale and has been listed on Trulia for 119 days. This property is listed by century21.com for $299,000. 1601 S Michigan Ave #103 has has 2 beds, 2 baths, and approximately 1,200 square feet. 1601 S Michigan Ave is in the Near South Side neighborhood in Chicago and in ZIP Code 60616. The list price of $299,000 is 49% lower than the average list price of $591,566 for Near South Side real estate, 31% lower than the average list price of $432,386 for 60616 real estate, and 36% lower than the average list price of $463,831 for Chicago, IL real estate. The price for this property is 36% lower than the average sales price of $465,566 for Near South Side, 10% lower than the average sales price of $332,222 for 60616, and 8% higher than the average sales price of $277,543 for Chicago. The price per square foot for this property is $249, which is 11% higher than the average of $224 for Near South Side, 47% higher than the average of $169 for 60616 and 106% higher than the average of $121 for Chicago.
School information provided by OnBoard Informatics Copyright (c) 2008. Information is deemed reliable but not guaranteed.
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Pre-Foreclosure (Notice of Default or Lis Pendens)
The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. Auction (Notice of Trustee Sale or Notice of Foreclosure Sale) If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of dealing directly with the borrower/owner. Bank-owned (Real Estate Owned) If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction property. |
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Home price comparisons are relative to similar homes on Trulia (a close match to the home you're looking at based on how close it is, property type, size, number of bedrooms and bathrooms). Home buyers should note that property value estimates are affected by many factors and should only be used as a guide. Factors affecting home values include things like:
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A similar home is a close match to the home you're looking at based on property type, number of bedrooms and bathrooms, property age, and of course how close it is. Comparing similar homes (either for sale or sold) with the home you're looking at can help you establish a context for the listing price. Simply put, it's price comparison for houses!
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