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January 2011

	01/31/11 A Lake View Developer Capitalizes on a Sagging Market List Price: $2.99 million Sale Price: $2.7 million The Property: This new English-accented home in Lake View’s esteemed Blaine School district is the first project sold by a developer who came into the struggling residential real-estate market with a strategy of capitalizing on sagging prices... Posted at 11:59 AM in Sale of the Week | Permalink | Comments (8)
	01/27/11 Frank Lloyd Wright’s Gold Coast Love Nest Slated for Demolition The buyers of the red brick house at 25 East Cedar Street where Frank Lloyd Wright lived during one of the most tumultuous chapters of his life will tear it down and build a new residence on the site, according to the real-estate agent for the home’s sellers... Posted at 2:11 PM in Housing Bulletin | Permalink | Comments (8)
	01/27/11 Merry Olde Evanston List Price: $2.59 million The Property: From its large turret to its leaded-glass windows and beamed ceilings, this well-kept home from 1893 (with a 1930s addition) contains many attractive Tudor details... Posted at 9:57 AM in On the Market | Permalink | Comments (2)
01/26/11 Realtors’ 2011 Forecast: “Ho-Hum” On Tuesday, the latest data from the Case Shiller Index showed that among the country’s 20 largest cities, Chicago-area home values for November 2010 took the second-largest fall from the year before. Prices were down 7.6 percent from November 2009; only Atlanta, at 7.9 percent, fell further... Posted at 10:14 AM in Housing Bulletin | Permalink | Comments (0)
	01/24/11 Winnetka Manor Sells for 43 Times Its 1952 Purchase Price List Price: $4.9 million Sale Price: $4.625 million The Property: The sellers of this English country home in Winnetka got only 88 percent of the $5.2 million that they had originally asked for the place—but that’s still at least 43 times what their parents had paid for it in 1952... Posted at 9:19 AM in Sale of the Week | Permalink | Comments (0)
	01/20/11 Bienvenue to the South Loop List Price: $1,499,900 The Property: This 4,300-square-foot condo on the 19th floor of a century-old building on South Michigan Avenue has expansive views of Grant Park, the skyline, and Lake Michigan—but it is laid out with the convenience of suburban ranch house... Posted at 10:16 AM in On the Market | Permalink | Comments (4)
	01/19/11 Marketing a Vintage House Sellers of vintage homes may be at a greater disadvantage now than during a healthy real-estate market. Homebuyers today are getting such great deals on new or recent construction—sometimes at rock-bottom foreclosure prices—that they don’t have to bother with taking on a house that needs some updating just to get a better price... Posted at 10:23 AM in Housing Bulletin | Permalink | Comments (0)
	01/17/11 This Sale Kilt a Two-Year Orren Pickell Dry Spell List Price: $3.618 million Sale Price: $3.1 million The Property: A 13-room house built in 2008 by Orren Pickell Designers & Builders as the model home in what was to be an enclave of country mansions in Bannockburn has been sold—but for only 64 percent of what the company had initially asked for it. Posted at 9:20 AM in On the Market | Permalink | Comments (1)
	01/13/11 Tudor Fantasy in Winnetka List Price: $4.185 million The Property: One in a string of three prominent lakefront homes in Winnetka that are often called “the storybook houses” for their fanciful architecture, this Tudor house has a remarkable living room that seems to have sprung more from a stately English country home than a fairy tale... Posted at 9:54 AM in On the Market | Permalink | Comments (1)
	01/12/11 News About the Spire Developer, Bozo, and a Bears Wide Receiver Garrett Kelleher, the head of the development firm behind the now-defunct Chicago Spire, has quietly put his Astor Street mansion on the market. The asking price is $16 million, according to his agent, Janet Murphy of Baird & Warner... Posted at 12:27 PM in Housing Bulletin | Permalink | Comments (0)
	01/10/11 Nobody Move List Price: $2.5 million Sale Price: $2.5 million The Property: A 40th-floor penthouse at the 600 North Fairbanks condo tower has sold, but nobody’s moving... Posted at 9:30 AM in Sale of the Week | Permalink | Comments (0)
	01/06/11 Gut Check, in West Andersonville List Price: $739,000 The Property: In March 2010, the developer Sa Schloff bought somebody else’s botched attempt to turn a two-flat into a single-family home. The first floor had been gutted, the second was a mess, and the work needed to make the place habitable would be extensive... Posted at 11:53 AM in On the Market | Permalink | Comments (0)
	01/05/11 Winnetka’s Row of Woe The December 21st sale of a bank-owned 18-room home in Winnetka for $2.375 million wrapped up the four-year saga of a row of four newly built mansions that all went at big discounts. If sold at their original asking prices, the four would have gone for a combined total of $18.49 million; instead, they were sold for 43 percent of that: $8.025 million... Posted at 10:50 AM in Housing Bulletin | Permalink | Comments (0)
	01/03/11 Sale of Fixed-Up Lake View Foreclosure Is a Win-Win List Price: $1.175 million Sale Price: $1 million The Property: Situated on a great block in Lake View, this four-bedroom house was foreclosed in May 2010 and then got a thorough cleanup, including a new kitchen... Posted at 11:15 AM in Sale of the Week | Permalink | Comments (0)

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