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September 2011

	09/29/11 A Timeless Manor in Wheaton List Price: $2.35 million The Property: At the end of a long private drive through an enclave of notable Wheaton homes stands this columned, ivy-covered manor. Although it looks as if it might have been picked up from some historical setting, it’s just 20 years old. It borrows, however, from the traditions of country homes in the United Kingdom and some of the grand Georgians in Virginia... Posted at 10:00 AM in On the Market | Permalink | Comments (0)
09/28/11 A Post-Peak Look at the Suburbs Last week, using data from our annual real-estate charts—the latest installment is featured in the October 2011 issue of Chicago, on newsstands now—I revealed which city neighborhoods have seen home values drop the most and the least since the peak of the real-estate market. This week, let’s look at the suburbs... Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (0)
	09/27/11 Rodkin Discusses Saving for a Home Versus Alternate Loans and PMI Readers ask questions, and our real estate expert answers. This week, Stephanie from the Northwest Side asks whether she should save for a down payment or opt for alternate loans and pay private mortgage interest. Posted at 10:38 AM in DEQ's | Permalink | Comments (1)
	09/26/11 Another Pricey Sale at the Park Tower List Price: $3.9 million Sale Price: $3.25 million The Property: A lavishly finished condo on the 47th floor of the Park Tower that was used only as an in-town residence by a family from the North Shore has been sold . . . to another North Shore family for use as their in-town residence, according to the selling agent, Chezi Rafaeli... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (1)
	09/22/11 Building on the Past—Wilmette List Price: $3.199 million The Property: In 1910, John A. Nourse, a Chicago lumberman and veteran of the Civil War—where he served with the Chicago Board of Trade Battery—moved his family to a big new residence on a large lot in Wilmette. A century later, the neighborhood still has brick-paved streets, and the house remains a stately presence on its corner. But the place has been expanded and updated to provide for a 21st-century family, while keeping much of its early 20th-century charm intact... Posted at 10:00 AM in On the Market | Permalink | Comments (1)
09/21/11 A Post-Peak Look at the City The S&P/Case-Shiller Home Price Index reported that home values in the Chicago region are down about 31 percent from their September 2006 peak. But what’s happened in your particular neighborhood or suburb?... Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (0)
	09/20/11 Rodkin on First-Time Homebuyer Resources Readers ask questions, and our real estate expert answers. This week, Vanessa from the South Loop asks for first-time homebuyers' resources in the Chicago area. Posted at 3:35 PM in DEQ's | Permalink | Comments (0)
	09/19/11 As Rosie O’Donnell Moves In, Another Passenger Hops on Oprah’s Brain-Drain Train List Price: $2.5 million Sale Price: not yet reported The Property: The five-bedroom 6,000-square-foot home of Erik Logan, president of the Oprah Winfrey Network, went under contract last week, making him the latest member of Winfrey’s former Chicago team to pull up stakes for California... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (2)
	09/15/11 Fielding Offers on Prairie Avenue List Price: $2.1 million The Property: There’s nothing junior about the Marshall Field Jr. mansion. Now containing six condominiums but once a 43-room house, the red-brick Queen Anne building looms large, both physically and metaphorically, over the most historic stretch of Prairie Avenue... Posted at 10:00 AM in On the Market | Permalink | Comments (0)
09/14/11 A Look at One Aspect of ‘Chicago’’s Annual Real-Estate Charts: Time on the Market In its October issue, on newsstands tomorrow, Chicago presents its annual real-estate charts, which look at home prices in nearly 300 neighborhoods and towns. To no one’s surprise, prices remain down—way down—but other data on the charts also point to weaknesses in the local market... Posted at 9:30 AM in Housing Bulletin | Permalink | Comments (0)
	09/12/11 Decrepit Lake Forest Mansion with Literary and Banking Ties Sells after Four Years List Price: $3.2 million Sale Price: $2.25 million The Property: First listed in 2007 for $6.5 million, this once-grand mansion on five acres in central Lake Forest sold on September 7 for $2.25 million—just 34 percent of the original asking price. Built in 1914, its architect was Arthur Heun, who designed many of the premier mansions in Chicago and Lake Forest... Posted at 9:45 AM in Sale of the Week | Permalink | Comments (1)
	09/08/11 It’s a Jungle in There—in Riverwoods List Price: $2.679 million The Property: It’s like a huge terrarium for humans, this 31-year-old home tucked away in a densely wooded part of Riverwoods. Two-story glass walls mark the boundary between indoors and out, though there is not much distinction between the two realms, with a gigantic rubber tree growing indoors and such outdoor denizens as deer and squirrels frequently wandering up to the windows... Posted at 10:00 AM in On the Market | Permalink | Comments (1)
	09/07/11 Celebrating 20 Years of Deal Estate with a New Online Feature In September 1991, the renaissance in affluent city living hadn’t yet picked up the momentum it would have a decade later, when a boom in condo- and mansion-building transformed large swaths of Chicago. That’s why one developer made the strategic decision to cut up a pair of derelict Gold Coast mansions into four residences... Posted at 9:56 AM in Housing Bulletin | Permalink | Comments (3)
	09/06/11 Two Gold Coast Mansion Sales List Price: $5.75 million Sale Price: $5.78 million List Price: $4.75 million Sale Price: $4.154 million The Properties: A 13-room mansion on an extra-large lot on North State Parkway sold August 23 for a little more than its asking price—and for nearly eight times what its sellers had paid for the place in 1994... Posted at 10:25 AM in Sale of the Week | Permalink | Comments (0)
	09/01/11 Shedding Light on Hawthorne Place List Price: $3.25 million The Property: With Belmont Harbor at one end and the shopping and dining options of Broadway at the other, the block-long Hawthorne Place is one of Lake View’s great urban streets. But it also feels quite suburban, with big homes built on extra-large lots, mostly in the 1890s and the early 20th century... Posted at 10:00 AM in On the Market | Permalink | Comments (0)

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