Home care for seniors is becoming more and more popular –
1. aging in place – some seniors wish to stay in their homes and have someone come in to help;
2. independent living – if a seniors in an independent living facility, but needs a bit of a hand, in-home care can postpone moving into the assisted-living residential facility.
If in-home care is sought, it’s critical to find the best possible agency/person to care for our loved ones.
How do we do that?
Retirement Homes offers this article on how to choose a Home Care Agency:
Article – How to Choose a Home Care Agency
Do you have a parent who needs help in downsizing?
Are you considering a move to smaller space?
Ready to take advantage of the home equity in your home?
Contact Anne Rossley of Baird & Warner –
your Senior Real Estate Specialist
Call Anne today: 773-620-5333
Get your Pinpoint Market Analysis
via Email today (Select this link)
Chicago Bungalows offer a great real estate bargain for house hunters on the city’s north side. Here are a few of this week’s offerings – click on the photos to learn more about the properties.
Also – you can click on the Map Below to get a virtual home tour of these properties.
Ready to shop for a new home?
Contact Anne Rossley of Baird & Warner –
your historic home specialist!
For all your real estate needs, contact Anne Rossley of Baird & Warner today!
If Congress doesn’t act on the Mortgage Forgiveness Debt Relief Act, which expires at the end of this year, it could leave distressed borrowers with an additional financial burden in 2014.
The measure was designed to keep underwater homeowners from having to pay income taxes on the portion of their mortgage debt that was wiped out in a short sale or other mitigation tactic.
“What you’re looking at is people who have lost their house,” says Marceline White of the Maryland Consumer Rights Coalition. “And then to have them hit with this [tax] just boggles the mind.”
Maryland legislators plan to renew a measure exempting residents from state taxes even if the federal law sunsets, but few other states have similar protections in place. There are three bills on Capitol Hill seeking extension of the federal law, but it is uncertain how much of a priority the issue will be in Congress next year.
“We’re far from out of the foreclosure crisis,” White warned. “We hope that policymakers look at longer-term solutions.”
Source: “Underwater Homeowners Could Face Extra Tax Burden in 2014,” The Washington Post (Dec. 26, 2013)
Mortgage Tax Relief will be Taxable in 2014 (Chicago Tribune)
Please check out this very short slide show that demonstrates why every day matters in your quest to make a good real estate investment.
3634 N Avers
This gorgeous Craftsman Bungalow home is for sale in The Villa Historic District – located in Chicago’s Irving Park neighborhood.
Just as the The Villa Historic District Neighborhood is nestled near the Addison exit on the Kennedy Expy, the home’s tucked behind lush landscaping – people driving by won’t imagine the vintage architectural treasure that lies within!
Like many homes in The Villa, 3634 N Avers sits on a double lot – 50′ wide. The home itself is a larger footprint than a typical bungalow floor plan (see brochure for details). The birch and oak woodwork is original, and where previously painted, it’s been restored to its former glory by the current owners (the 4th stewards of the property since being built in 1907). The original bookcase spans the Living Room’s width, and flanks a center fireplace. The original vintage stained glass with tulip motif completes this stunning focal point. Two original 12 light-panel French Doors lead to the sun room which overlooks the front yard, parkway, and idyllic neighborhood vistas.
3634 N Avers has a newer chef’s kitchen – top of the line appliances, granite, slate, and custom cabinets. There are still cosmetic upgrades that could be done to the home, and the new owners could use home improvement expenditures to qualify for the property tax freeze, available to qualifying homes in historic districts such as The Villa. (Contact Anne Rossley for more information)
3634 N Avers Brochure
click on the photo below to see the 15 page brochure describing this property
Villa Historic District – Homes Sold
Click on the picture below to view homes that have sold in the Villa Historic District (Ipad optimized)
Select this link to view the tour as optimized for computer screens
The Villa Historic District – Photos on Flickr
Click on this link or the photo below to view homes in The Villa Historic District
|Street #||Str Name||Listed||Sold||# Rms||Beds||Date Sold||Yr Blt||Lot Dim||Recent Rehab?
|3734||Harding||$174,900||$166,000||6||3||5/2/11||1908||50 X 137||No
|3723||Pulaski||$319,500||$264,000||6||2||5/16/08||1903||50 X 125||No
|3655||Avers||$350,000||$290,000||12||7||10/5/11||1916||50 X 114||No
|3643||Harding||$350,000||$320,000||7||3||12/28/11||1908||50 X 103||Yes
|3616||Avers||$375,000||$361,500||8||3||4/16/10||1920||50 X 114||Yes
|3633||Springfield||$475,000||$408,000||12||4||8/23/11||1908||75 X 125||No
|3723||Pulaski||$439,000||$410,000||8||3||3/31/10||1903||50 X 125||Yes
|3647||Harding||$450,000||$465,000||7||3||12/11/12||1909||50 X 120||Yes
Jumbo mortgage rates are inching closer to conforming mortgage rates; what does this mean for purchasers?
With lenders’ renewed confidence in luxury home values, “jumbo” rates have come down dramatically and are nearly the same as “conforming” rate loans.
During 2008 and 2009, when lenders were nervous about the luxury home market, the interest rate spread between a jumbo loan (>$417,000) and a conforming loan (=/< $417,000) was 1.5%. The higher jumbo rate, coupled with stricter down payment and underwriting guidelines, paralyzed the luxury home market.
During 2012, the differential was .5%. Today, we are seeing only a 1/8% rate difference in 30 year fixed rates between jumbo and conforming loan amounts.
The reasons for the shrinking interest rate spread are:
– Higher fees charged by Fannie Mae and Freddie Mac are increasing the rates of conforming loans
– Demand for luxury homes are on the rise resulting in more stable luxury home prices; lenders are more comfortable with luxury home collateral
– Lenders are seeking to build a customer base or cement established relationships with high net worth client
Although the jumbo market we have now is very conservatively underwritten, it is the best it has been in the past years. Some lenders allow up to 85% loan to value with most offering up to 80%.
The lenders are looking at the client in the jumbo loan sector and they see clients with liquidity, strong earnings, and ability to withstand financial shock. Lenders are trying to find ways to cater to these clients.
And, that’s a good thing for jumbo borrowers right now.
Article written by terrific lender and friend, Diane Pyshos.
For more information about luxury home loans, contact Diane Pyshos at A&N Mortgage
This home is newly available for sale, but you WILL NOT find it in the Multiple Listing Service.
The brick single family home, near the Menomonee Club and Old Town Triangle building, was previously a 2-flat, and has been rehabbed by the current owners. Now it’s ready for buyers who crave grand spaces (7000 square feet!), privacy (brick walls enclose the compound), and fabulous entertaining spaces (both inside and out) in a location near everything Chicagoans love!
Do you Love to Entertain?
Outside, there are 3 entertaining spaces. Over the 2 car garage is a lushly landscaped deck overlooking Crilly Court.
Do you Love to Garden?
Between the house and the garage roof deck, a paved patio with landscaped planting beds provides privacy and and escape from the convenient city nearby.
Do you Love Flexible Spaces?
Bring the outdoors in to the house by opening the sliding glass doors which separate the 1st floor den from the front patio.
Do you Love Custom Design Details unlike anywhere else?
A detail photo (below) shows the custom iron work that the owner had specially manufactured to add grandeur to the home – this delightful design detail is used to great advantage, highlighting key areas throughout the home’s exterior and gardens.
The interior photos will be posted in the next few days, but if you want to view the property right away, please contact Anne Rossley at Baird & Warner.
It’s a race! Who will put an offer together first to win this BEST VALUE condominium?!
The sellers didn’t expect to sell, so their finest-quality upgrades will be enjoyed by the new residents for a fraction of the value!
Here are just of few of the many upgrades included in 777 N Michigan #2401:
- Solid Brazilian cherry floors throughout
- Luxury Kitchen with Fischer & Paykel dishwasher, Subzero, drawer microwave, Dacor cooktop…
- Matching custom cabinet with Subzero refrigerator/freezer drawers
- Solid custom doors and hardware, as well as custom HVAC cabinets
- Top-of-the-line ventless Bosch washer-dryer
- Built-in den/library with brand new Uline beverage refrigerator
- Every bathroom (3.5 of them!) has been upgraded
777 N Michigan Amenities
The building is topnotch! Located next to Nieman Marcus, the building offers
- luxurious rooftop pool with comfy gazebos and grilling area,
- new fitness center (currently under construction and opening in November)
- soon-to-be-added hallway updates
- 24 – hour door service
- Valet Parking ($150/month)
- Receiving Room
- Party Room
- Premium Cable/Wifi in assessments (as well as heat and air)
Views from the Living Room
777 N Michigan Floor Plan
For more information, to view the property, or to learn more about condominiums along the Magnificent Mile, contact
Baird & Warner
There are always lovely homes to be found in the East Ravenswood Historic District – the area known as Graceland West and the East Ravenswood area between Ashland and Ravenswood – Irving Park to Lawrence Avenues.
Homes Currently For Sale and Recently Sold
(Optimized for mobile)
(Optimized for Computer Viewing)
Contact Anne Rossley to make an appointment to view homes for sale in East Ravenswood/Graceland West.
| || || ||Listed||Sold||Date||Days||RMS||BR||BA||ASF||Lot
|NEW||1443||Pensacola||$825,000||2||9||4||3.1||0||125.25 X 25
|Pending||1700||Wilson||$699,000||247||11||5||1.2||0||45 X 108
|Pending||4011||Greenview||$1,450,000||207||11||6||4.2||0||25 X 161
|Pending||4134||Hermitage||$995,000||43||10||5||3.2||0||25 X 163
|CLSD||1440||Pensacola||$1,189,000||$1,124,500||5/28/13||285||12||5||3.1||4050||25 X 121.75
|CLSD||4431||Hermitage||$2,850,000||$2,850,000||12/14/12||1||13||6||6||0||50 X 165
|CLSD||4013||Greenview||$1,450,000||$1,425,000||5/3/13||17||11||6||4.2||4200||25 X 161
|CLSD||1446||Belle Plaine||$1,495,000||$1,495,000||3/22/13||79||11||4||4.2||4520||25 X 125
|CLSD||4348||Greenview||$918,000||$885,000||3/22/13||316||9||4||3.1||0||35 X 75
|CLSD||4148||Hermitage||$989,000||$975,000||12/14/12||1||6||3||2||0||46 X 165
|CLSD||4335||Greenview||$789,000||$769,000||5/31/13||15||8||3||2.1||0||25 X 120
1460 W Hutchinson
Listed 6/10/13, this lovely Graceland West Foursquare home has been lovingly updated and includes 3 decks and a 2 car garage.
4223 N Greenview
This landmark home went under contract in March, but it has not closed as of this posting. The 6 bedroom 4+ bath Victorian home is a one-of-a-kind beauty!
More Historic Home Information
For more information on East Ravenswood Historic District,
see Anne’s website pages.
To find homes currently For Sale in East Ravenswood,
select East Ravenswood and Graceland West Links from Anne’s website.
Contact Anne Rossley
Baird & Warner
Your Historic Homes Specialist
Anne Rossley, CRB, CRS, SRES
Gracious vintage condominiums – there are some lovely historic buildings with grand homes for sale in Chicago – from the Gold Coast to Lincoln Park and Lakeview, here are just a few of the properties for sale throughout the city:
These properties range in price from $ 549,000 to $ 1,875,000. Co-operative apartments are not included in this tour – that will be published next week.
For today, check out listings such as…
1200 N Lake Shore Drive #804
3314 N Lake Shore Drive 7A
2608 N Lakeview 8A
20 E Cedar 4A
159 E Walton 11F
Find your Chicago Historic Dream Home
To make an appointment to see these or other Chicago vintage condos
or co-ops for sale,
contact Anne Rossley – your historic home specialist.
Anne Rossley, CRB, CRS, SRES
Baird & Warner