Rodkin on Sellers’ Unrealistic Prices
Readers ask questions, and our real estate expert answers. This week, a reader named Bradley asks why some North Shore home sellers aren’t pricing their homes realistically for the 2012 market.
Readers ask questions, and our real estate expert answers. This week, a reader named Bradley asks why some North Shore home sellers aren’t pricing their homes realistically for the 2012 market.
List Price: $4.995 million
Sale Price: $4.4 million
The Property: A grand manor home on two acres in Winnetka’s Indian Hill Club was sold February 17 for $4.4 million—just 46 percent of what its sellers were asking when they first put it on the market nearly six years ago…
BROBDINGNAGIAN BIG: Even for the neighborhood, the estimated $5-$10 million house is big
A developer steps in and keeps prices real for the neighborhood
List Price: $1.149 million
The Property: Facing Promontory Point across Lake Shore Drive stands an 11-story co-op building with a façade so lovely it can only be called “cinematic.” That’s fitting, since the architects of what was originally called the Jackson Shores Apartments were Rapp and Rapp, the renowned designers of grand movie palaces, including the Chicago Theatre and Aurora’s Paramount Theatre…
With an increasing share of homebuyers putting energy efficiency and other green features at or near the top of their wish list, the Chicago-area multiple listing service is giving environmentally friendly features more prominence. Last week, Midwest Real Estate Data (MRED) added a Walk Score; it’s a measure of how many services can be accessed from a home without driving…
Readers ask questions, and our real estate expert answers. This week, a reader named Rich from Glencoe asks about the specifics of turning his home into a rental in order to buy a new home.
INSIDER’S GUIDE: From classic cinema to fried chicken, this neighborhood dials up the charm in time for the holidays
INSIDER’S GUIDE: Springtime on the Southwest Side promises more than shamrocks and green beer
List Price (house on the right in photo): $990,000
Sale Price: $959,000
The Property: These mirror-image twins in Wicker Park share more than their contemporary brick-and-glass style…