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…
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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…
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…
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…
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…
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.
Forty Units Still Left at Northlake’s Wolf Ridge Condos
ECONOMIC SLOWDOWN PUTS BRAKES ON PLAN: Forty units remain from city’s effort to attract new condo developers
Distinctive Condos at a Discount at West Diversey Parkway in Lake View
MAKING A MARKDOWN: Distinctive condos, inside and out, are now available at a discount
No “Vanilla Box Condos” at North Sheffield Building in Lincoln Park
BEHIND THE FAÇADE: Makeover of gutted building eschewed “vanilla box condos”
Monthly Payments Down Along with Home Prices, Mortgage Rate
» The monthly payment on a median-priced home in the Chicago area in mid-2010 was 35 percent below the payment for that same house five years earlier, according to research by the National Association of Realtors (NAR). Combine a 23 percent drop in home prices with record low mortgage rates, and the average monthly mortgage … Read more