Rodkin on Losing Bids to Other Homebuyers
Readers ask questions, and our real estate expert answers. This week, a reader named Lois asks if it’s common for someone to repeatedly lose out to other potential homebuyers offering greater down payments.
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Cotswolds-Style Cottage Turned Mansion Sells in Lake Forest
PEBBLE BEACH: Once a coach house, the expanded, pebble-and-tile house sells at a small loss
September Deal Estate News: Home Sales and Trends
Sold: Appraise-Worthy LA GRANGE The unidentified buyers of this 16-room house paid 18 percent less than the residence was worth in its most recent appraisal. According to the Cook County Recorder of Deeds, June Massarella listed the house in September 2011, asking $1.15 million (Ed Hall of Coldwell Banker, who handled the sale, says that … Read more
Unfinished Business at the Former Elysian
List Price: $4.795 million
Sale Price: $4.3 million
The Property: A healthcare executive who never got around to finishing the 4,000-square-foot condo he bought in 2010 at the Elysian sold it last Thursday for $4.3 million…
Playwright Neil LaBute’s North Barrington “Sanctuary”
List Price: $835,000
The Property: For a man whose plays and movies often show the dark and ugly side of human nature, Neil LaBute sure has a light and pretty home…
Pieces of Historic Glencoe Mansion Hit Auction Block on Saturday
A historic mansion on Glencoe’s blufftop whose asking price was cut down by over $3 million is itself now getting ready to be taken down—and fans of architectural salvage will get a chance to haul home pieces of it this weekend…
Rodkin on the Practice of Stopping Mortgage Payments
Readers ask questions, and our real estate expert answers. This week, a reader named Joey from Beverly asks if he should stop paying the mortgage when he puts his house on the market in order to recover the home’s value.
A Shell Off the Shelf in Lincoln Park
List Price: $2.3 million
Sale Price: $1.73 million
The Property: In early August, buyers picked up a shell of a home left unfinished since early 2009. Situated in a quiet, pedestrian-only enclave of new, large homes…
Deal Estate Flash: Former Blackhawk Cam Barker Sells in Bucktown
Cam Barker, who spent several seasons with the Chicago Blackhawks before being traded to the Minnesota Wild in February 2010, has sold the Bucktown condo he bought three years ago…
Be It Ever So Humboldt
List Price: $879,000
The Property: Stately older homes line several blocks of Humboldt Boulevard, one strand of Chicago’s “emerald necklace.” Notable among them is this brick house…