List Price: $3.199 million
The Property: This new 8,500-square-foot house with a deep lot is nearing completion on a curving street in Clarendon Hills. Built by Double Diamond Developers, the house has 16 rooms, including a 3,000-bottle wine room and, off the kitchen, a small "chef's office" that the listing agent, Bryan Bomba, says "would be a good time-out room for one of the kids."...
" />List Price: $3.199 million
The Property: This new 8,500-square-foot house with a deep lot is nearing completion on a curving street in Clarendon Hills. Built by Double Diamond Developers, the house has 16 rooms, including a 3,000-bottle wine room and, off the kitchen, a small "chef's office" that the listing agent, Bryan Bomba, says "would be a good time-out room for one of the kids."...
" />List Price: $3.199 million
The Property: This new 8,500-square-foot house with a deep lot is nearing completion on a curving street in Clarendon Hills. Built by Double Diamond Developers, the house has 16 rooms, including a 3,000-bottle wine room and, off the kitchen, a small "chef's office" that the listing agent, Bryan Bomba, says "would be a good time-out room for one of the kids."...
" />
List Price: $3.199 million
The Property: This new 8,500-square-foot house with a deep lot is nearing completion on a curving street in Clarendon Hills. Built by Double Diamond Developers, the house has 16 rooms, including a 3,000-bottle wine room and, off the kitchen, a small “chef’s office” that the listing agent, Bryan Bomba, says “would be a good time-out room for one of the kids.”…
On Saturday, October 6th, I happened to travel around much of the North Shore. As I went, I counted the for-sale signs in front of houses that had added language touting “Reduced Price” or something similar. In all, I counted 18 advertised reductions out of the 48 for-sale signs I had passed. That’s 37.5 percent.
It turns out my casual count was a little sunnier than reality. Last week, California-based ZipRealty released figures showing that in the Chicago area, 40.8 percent of all homes listed in September had markdowns from their original asking price. Not all houses whose prices have been cut will have a sign out front saying so…
List Price: $4.59 million
Sale Price: $3.9 million
The Property: This elongated 12-room colonial built in the 1960s on a secluded site in Kenilworth has 125 feet of private Lake Michigan beach. The house has six bedrooms (all on the second floor), lots of custom millwork, and a comfortable family room on its east side, overlooking the lake. Situated on a six-home cul-de-sac off Sheridan Road, it is close to the Joseph Sears School and New Trier High School…
The Property: This 15-room Gold Coast townhouse has an ornate limestone façade, though not much vintage detail left inside. But what the interior lacks in period finishes, it makes up for with lots of room (8,100 square feet) and natural light—the latter courtesy of the driveway-wide private space that separates this place from its neighbor to the immediate south. There are also lovely old plaster moldings (now painted over), high ceilings, five fireplaces—and, half a block away, the lawns and gardens at the south end of Lincoln Park…
Dennis Rodkin appears regularly on WGN’s Spike O’Dell Radio Program sometimes discussing properties not mentioned in the Deal Estate blog. Check back here each week to find links and information for those listings.
From the 10/10/07 show:
Glencoe – $364,900
MLS # 06672448
Agent: Valeria Levitin, New Century Realty
847 920 9000
No online contact given
Lake Forest – $399,000
MLS # 06516836
Agent: Liz Bulf, Prairie Shore Properties, 847 733 2826; lizbulf@prairieshore.com
http://www.prairieshoreproperties.com/search/search.cfm
Type in listing #06516836
In the midst of all the recent fretting over subprime mortgage failures, some real-estate analysts have been warning of another wave of mortgage trouble on its way: the massive reset of Adjustable Rate Mortgages (ARMs) to higher rates than what prevailed when the loans were made three to five years ago. According to many industry observers, the new, higher payments on those loans could force another round of borrowers out of their homes.
People who used lower-cost ARMs to buy more house than they would otherwise have been able to afford may have been counting on their own income going up before the inevitable reset to a higher rate. Or they might…
List Price: $2.48 million Sale Price: $2.31 million The Property: This four-year-old, 21-room house resides within the Glen, the development that replaced the old Glenview Naval Air Station. Where once were runways and ramshackle military buildings, there are now winding boulevards lined with large, high-priced homes, retail shops, parks, and a junior high school. This … Read more
List Price: $10.999 million The Property: A lakefront house designed by David Adler and Henry Dangler, this 90-year-old, 21-room mansion evokes the elegance of an Italian villa. Because its first owners—the Chicago banker and attorney Charles Pike and his wife, Frances—often arrived here by boat, the house originally had its main entrance on the east, … Read more
As a real-estate agent in a family of real-estate agents, state representative Karen Yarbrough (D-Maywood) knows all about the close connection between house values and school quality. “When I work with [homebuyers],” she says, “the single most important thing they always ask is, ‘How are the schools?’ You could show them a Frank Lloyd Wright house with all kinds of architectural amenities, but if the community’s schools aren’t good, they will pass it by. There are two basic building blocks of healthy communities: good schools and good housing.”
That’s why Yarbrough took the lead with state senator Iris Martinez (D-Chicago) in sponsoring the Good Housing Good Schools bill (SB 220) that both houses of the state legislature passed last spring and that…
As Chicago’s real-estate market began to experience the big chill, homeowners worried that this was the beginning of the next ice age. But as our annual house survey demonstrates, there were a few bright spots in a year that was more frustrating than desperate.
