There are two units sold at the Buckingham building in the last three months, unit 603 which was for sale by owner ( you can tell from the listing agent ID) for $358K, the other one is a similar one bedroom unit 1202 sold for $445,000. So the difference is quite big for both remodeled with the same view to the grant park and the south shore line. That means if you want to sell, you should better use a good agent especially in the bad years like now, let’s say that unit 1202 has to pay 6% commission, that is $26,700, the net proceed is $418,300. Then for unit 603, although it is for sale by owner, they still has to pay the 2.5% to the selling agent, that is $8,950 plus the fees to Scott Berg which would be around $500, the total net would be $348,550, the difference between the two unit would be quite significant, which is $69,750. So that means yes you save some on the listing agent fees but what is the final result, you lost almost $70,000! As right now it is buyers’ market you need professionals to help you out to get your unit sold in the price range that you were thinking!
Sold in the last three months at the 360 Randolph, the Buckingham
October 28th, 2009 · Uncategorized
→ 1 CommentTags: 360 randolph·for sale by owner·the buckingham·unit 1202·unit 603
8 E Randolph, Joffrey Tower unit 2107 just rented
October 28th, 2009 · Uncategorized
This is large one bedroom unit with large balcony, never lived in, wood floor in the living room and kitchen, open kitchen with great cabinets and granite counter tops, rented for $1,550 per month. Currently there is one bedroom 1007 listed for $1,800.
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The last three months sold at the 155 N Harbor – Harbor Point
October 28th, 2009 · Uncategorized
There are totally 8 units sold at Harbor Point in the last three months, there are 3 one bedroom units, 4 two bedrooms unit and 1 three bedrooms unit, that means the marking is still moving pretty nice. Such as unit 5008, it has a contract within in 34 days, that is not bad for this market, and the sold price $537,500 is higher than the last year sold price which is $512,500. There are no short sale or foreclosure sale in this building.
MLS # Stat Street # CP Str Name Sfx Unit # LP/SP # Rms Beds
07214267 CLSD 155 N Harbor Dr 2404 $310,000 4
07100212 CLSD 155 N Harbor Dr 3307 $343,000 5 1
07186360 CLSD 155 N Harbor Dr 3913 $492,000 4 1
07005009 CLSD 155 N Harbor Dr 2002 $535,000 5 2
07255896 CLSD 155 N Harbor Dr 5008 $537,500 5 2
07041974 CLSD 155 N Harbor Dr 2808 $590,000 5 2
07186268 CLSD 155 N Harbor Dr 5408 $599,000 5 2
07208605 CLSD 155 N Harbor Dr 3012 $980,000 6 3
→ No CommentsTags: 155 N Harbor·harbor point·sold in the last three months
The last three months sold at the 195 N Harbor Dr – the parkshore
October 28th, 2009 · Uncategorized
There are four units sold in the last three months at the 195 N Harbor Dr – the Parkshore, there are three 2+dens and one 1+den which is a foreclosure sale. Unit 808 and unit 1108 both has a parking space, unit 2408 does not have a parking space, the unit 709 is a short sale with a cash purchase.
The most recently closed is the unit 808. That means the price did drop around 10% compare to the peak.
MLS # Stat Street # CP Str Name Sfx Unit # LP/SP # Rms
07301827 CLSD 195 N Harbor Dr 709 $270,000 (F) 5
07241029 CLSD 195 N Harbor Dr 2408 $430,000 6
07281129 CLSD 195 N Harbor Dr 808 $455,000 6
07152330 CLSD 195 N Harbor Dr 1108 $495,000 6
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3055 N Seminary 4S, very nice 2 units floor!
October 15th, 2009 · Uncategorized
Top floor condo with only 2 units per floor. This unit features 60K in remodeling including large windows with great natural light in every room, bay windows in living and master bath, Brazilian cherry hardwood floors, tumbled marble wood-burning fireplace, concrete countertops, stainless steel appliances, slate flooring in kitchen/dining/bath, air-bubble tub, separate dining, large bedrooms, living room nook for office space or second dining area, in-unit washer/dryer, and more.
Contact info for showing/questions 3055nseminary@gmail.com or 312-497-0854
Posted by owner.
130 Garland Ct.
October 15th, 2009 · Uncategorized
There are currently 53 listings on the market for this building. This building was built in 2003, we checked out this building around 3 years ago, now I think it is so good that we did not buy a unit here at that time, but right now it is a great time to buy since the market has dropped so much! There are some great units in this building with tons of upgrade in it!
→ No CommentsTags: 130 garland
6 N Michigan is having a great broker open house tonight
October 15th, 2009 · Uncategorized
Don’t miss tonight’s Broker Open at Six North Michigan from 5-8pm. This development has one of the most spectacular views in the city and offers boutique style luxury living directly across from the Bean and Millennium Park. Residences include top of the line finishes, great floor plans and views, an eight year historical tax freeze and more…
You get to eat free, drink free, plus there are great raffles! The best thing is you get to check out some units which are great!
Cheapest studio at the River East building 512 N McClurg Ct Unit 2103
October 15th, 2009 · Uncategorized
This studio has around 620 square feet with views to the lake in the unit, it has great kitchen, bathroom, the asking price is $209,900, which is a great price for this building at this location! This unit is going to go fast.
→ No CommentsTags: 512 mcclurg unit 2103·river east building
Showing request for 8 E Randolph unit 2107
October 15th, 2009 · Uncategorized
Since I have this unit listed, there are quite a few showing request and almost everyone loves the unit. We just got an application yesterday, so this is pretty fast considering the market is very slow. While the agent makes the appointment with me, I tried to sell them the one bedroom at the 155 N Harbor Dr unit 4711 or the convertible/ One bedroom at the 474 lakeshore dr unit 2306, but they are only interested in the 8 E Randolph location. This is a great unit and has never lived in. I noticed that the 3206 is under contract now, also there are a few other units under contract too, so that means people do love this building.
→ No CommentsTags: 155 N Harbor·474 lakeshore·8 e randolph·one bedroom for rent·unit 2107·unit 2306·unit 4711
Two showings at the 8 E Randolph unit 2107
October 6th, 2009 · Uncategorized
Today I had two showings for rent at the 8 E Randolph at unit 2107. This is a one bedroom unit with nice new kitchen, new bathroom, kitchen features gas stove, granite counter, nice cabinet and track lights. The bathroom has marble floor and it is so spacious, the bedroom has lots of closet space and the room size is very big. The balcony is very large and overlooking west with views to all the buildings but clear of the roof top as this is on the 21st floor.
The building features 24 hour doorman, management office on site, a nice and large gym. It is at the perfect location, right downtown with easy access to the EL, shops, stores and theaters. This rental listing is listed for $1,600 per month which is very reasonable as the other similar unit rented for $1,700- $1,800 per month. It has basic cable and Internet included in the rent too. These two people both showed interest in the unit, hope they would make their decision soon.
→ No CommentsTags: 8 e randolph·balcony·granite counter top·one bedroom·unit 2107
Mortgage guideline with renters to owners ratio
October 6th, 2009 · Uncategorized
Just want to clear some important mortgage guideline of the condo buildings, the FHA/VA /conventional guideline is the renter to owner ration in the building is less than 50% for existing buildings and 30% for new construction buildings. And there are less than 15% of the owner is short on payment to the associations. So that means if you are buying as an investment, the renter to owner ratio is a little over 30%, you need to put in 25% and then you could be able to get a loan. For the ratio is over 50%, you have to have cash or you have to find a portfolio manager to borrow.
→ No CommentsTags: mortgage guideline·new construction·renter to owner ratio
Just contracted – Two bedrooms at the 450 Waterside unit 908
October 6th, 2009 · Uncategorized
This unit is pending now, this is a great two bedrooms unit over looking the lake, facing south with a large balcony, the unit features new kitchen, new bathroom, with nice floor to ceiling windows. nice wood floor in the living room. The price has been reduced from $578,000 in Sep 2008 to $499,000 in May 2009. Parking is additional $45,000. This is a good deal!
→ No CommentsTags: 450 waterside·facing south·large balcony·new bathroom·new kitchen·woodfloor
U.S. Treasury set to finalize home “short sales” plan
October 6th, 2009 · Uncategorized
Not so many people understands “short sale”, when I ask my clients if they understand the meaning of the words and the process, very seldom could tell and for those who understand very well, they have specifically mentioned that they do not want to bid on any “short sale”. I do not blame them, I had some very bad experience with “short sale” myself, such as it took lots of energy to put down an offer amount, then it is sitting with the bank for a few months without any news. In the mean time, the buyer is obligated to the offer so that they could not bid on any other properties without having a formal written withdraw offer letter.
Now the US treasury is planning to give some incentives to the financial institution and the seller for the amount of $2,500 total, due to just 12 percent of homeowners eligible have had their loans reworked, leaving millions more foreclosures to come, the Treasury said on September 9. Hope this could help more “short sales” to close and to move faster, then the agents and the buyers would be interested in the “short sales” again.
→ No CommentsTags: "short sales" plan·12 percent close for "short sales"
Just closed foreclosure one bedroom at the 222 Columbus Dr – unit 2807
October 6th, 2009 · Uncategorized
This one bedroom has just closed yesterday, with the listing price of $199,000 and the closing price of $195,ooo. This price is about $100,000 lower than the people paid in 2007. I have showed this unit to a potential buyer, the unit looks nice, although it is a foreclosure, it has maintained very well, even cleaned it very well. This one bedroom has around 700 square feet, with new kitchen and new bathroom, washer and dryer in the unit. This buyer really got a good deal!
→ No CommentsTags: 222 columbus dr·foreclosure·just closed·new bath·new kitchen·one bedroom·unit 2807
Just closed foreclosure at the Parkshore, unit 709
September 26th, 2009 · Uncategorized
I just noticed that this sale is just closed and the sale price is unbelievable low, $270,ooo, I think the reason for the price is so low, must be it is a cash deal and the they could close faster. As the asking price is $267,400. I know there are offers higher than the sold price but I think the bank just want to get the cash and the deal done. This is a one bedroom with a large den unit facing the north with lots of lake view. Welcome to the parkshore, you got a good deal!
→ No CommentsTags: cash deal·foreclosure at the parkshore·just closed·unit 709
Just reduced new construction one bedroom for rent at the 8 E Randolph 2107
September 25th, 2009 · Uncategorized
This is a large one bedroom unit with around 834 square feet with a large balcony, lots of closet spaces, price has dropped to $1,600 per month. Great location in a great building. Very easy access to the stores, shops, trains, restauratants and theaters. Great new kitchen, new bath, washer and dryer in the unit! Detailed pictures and MLS info will be available upon request!
→ No CommentsTags: 8 e randolph·just reduced·large one bedroom·new construction·unit 2107·washer and dryer in the unit
Latest Sales in New Eastside and Lakeshore East
September 24th, 2009 · Uncategorized
• SEP 9, 2009 · 155 N Harbor Drive, Unit: 3307 · $343,000
• SEP 4, 2009 · 400 E Randolph Street, Unit: 2616 · $171,000
• SEP 1, 2009 · 155 N Harbor Drive, Unit: 3012 · $980,000
• AUG 31, 2009 · 420 E Waterside Drive, Unit: 2602 · $320,000
• AUG 28, 2009 · 400 E Randolph Street, Unit: 2502 · $187,000
• AUG 27, 2009 · 360 E Randolph Street, Unit: 603 · $358,000
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Work on the playgroud at the Daley Bicentennial Plaza
September 15th, 2009 · Uncategorized
Yesterday the playground has been circled out and no kids can play there. I heard there are two different says about the playgroud, one says that it was only cutting the trees, the other one says that it is not going to open until next year.
This is our major neighborhood park, hopefully they would put out some signs to let us know what is going on. Any comments or thoughts will be appreciated.
→ No CommentsTags: playground at the daley bicentennial plaza
