Seniors – Finding a Home Care Agency

senior real estate - Anne RossleyHome 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

Call Anne Rossley

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Get your Pinpoint Market Analysis

via Email today (Select this link)

Chicago Bungalows for Sale

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.

Chicago Bungalows for Sale

Ready to shop for a new home?

Contact Anne Rossley of Baird & Warner  –

your historic home specialist!

Email Anne RossleyCall Anne Rossley

773-620-5333

2543 Fargo chicago bungalow

2600 coyle bungalow

 

2613 w lunt chicago bungalows for sale 2910 wilson chicago bungalows for sale 4850 avers chicago bungalows for sale

4919 Bell chicago bungalows for sale

5130 lowell chicago bungalows for sale

5812 sacramento chicago bungalow for sale

6419 mozart

For all your real estate needs, contact Anne Rossley of Baird & Warner today!

More taxes for distressed borrowers?

distressed homeowner reliefIf 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)

See also:

Mortgage Tax Relief will be Taxable in 2014 (Chicago Tribune)

Villa Historic District – 3634 N Avers

3634 N Avers

3634 N Avers

$600,000

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!

3634 N Avers The VIlla Historic DIstrict

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 Kitchen

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

3634 N. Avers Avenue, Chicago, Illinois

Villa Historic District – Homes Sold

Click on the picture below to view homes that have sold in the Villa Historic District (Ipad optimized)
 

villa historic district chicago homes sold tour

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

The Villa Historic District Photo Tour

Street #Str NameListedSold# RmsBedsDate SoldYr BltLot DimRecent Rehab?
3734Harding$174,900$166,000635/2/11190850 X 137No
3731Pulaski$166,900$190,000733/2/11191550X125No
3723Pulaski$319,500$264,000625/16/08190350 X 125No
3655Avers$350,000$290,00012710/5/11191650 X 114No
3643Harding$350,000$320,0007312/28/11190850 X 103Yes
3731Pulaski$385,000$350,000932/5/07191550X125
3632Harding$375,000$350,0006310/3/11190750X136No
3616Avers$375,000$361,500834/16/10192050 X 114Yes
3614Hamlin$389,900$379,000638/25/08191933X125Yes
3601Harding$399,000$387,0001645/10/10192058X103Yes
3723Pulaski$439,900$397,000946/5/09190350X125Yes
3712Harding$399,000$399,000838/24/10192650X137Yes
3633Springfield$475,000$408,0001248/23/11190875 X 125No
3615Harding$450,000$409,5001051/2/08192050X103
3723Pulaski$439,000$410,000833/31/10190350 X 125Yes
3647Harding$450,000$465,0007312/11/12190950 X 120Yes
3732Springfield$499,000$472,50010412/30/08192150X105Yes
3648Avers$599,950$597,500736/11/07190550X113
3637Avers$699,900$670,0001348/5/12190850X113Yes
3663Avers$725,000$695,0001036/29/071900133X133X145X43Yes
3625Springfield$825,000$775,0001158/1/131916105X120No
 
 

Luxury Homes now more Affordable than Ever

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.

diane pyshos

 

Article written by terrific lender and friend, Diane Pyshos.

For more information about luxury home loans, contact Diane Pyshos at A&N Mortgage

 

 

Old Town Single Family Home for Sale – $2.8 MM

 

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.

1740 N Wells Roof Garden over Garage1740 N Wells Garage Roof Deck

 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.

1740 N Wells brick patio

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.

1740 N Wells 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.

1740 N Wells Old Town Chicago

1740 N wells - front gate

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.

777 N Michigan Ave # 2401 – Best Value Condo for Sale on Magnificent Mile

It’s a race! Who will put an offer together first to win this BEST VALUE condominium?!

777 N Michigan Ave 2401

777 N N Michigan Ave #2401

$725,000

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 Ave 2401Master Bedroom

777NMichiganAve2401_viewer_177Kitchen

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)

777 N Michigan ViewsViews from the Living Room

777 N Michigan Ave Floor Plan

777 N Michigan Floor Plan

For more information, to view the property, or to learn more about condominiums along the Magnificent Mile, contact

Anne Rossley

Baird & Warner

773-620-5333

East Ravenswood Historic District – June 2013

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.

East Ravenswood

Homes Currently For Sale and Recently Sold

Select this Link for an East Ravenswood Home Tour

(Optimized for mobile)

Select this Link for East Ravenswood Home Tour and Market Analysis

(Optimized for Computer Viewing)

Contact Anne Rossley to make an appointment to view homes for sale in East Ravenswood/Graceland West.

   ListedSoldDateDaysRMSBRBAASFLot
NEW1443Pensacola$825,0002943.10125.25 X 25
ACTV4523Greenview$749,00016843025X160
NEW1460Hutchinson$1,095,00026942.2030X125
ACTV4307Hermitage$2,650,000661365.173006725 SF
Pending1438Hutchinson$1,195,000521143.1435030X125
Pending1700Wilson$699,0002471151.2045 X 108
Pending4417Paulina$479,9007773215104727
Pending4011Greenview$1,450,0002071164.2025 X 161
Pending4134Hermitage$995,000431053.2025 X 163
Pending4226Greenview$1,350,000791153.1023X155
Pending4050Paulina$519,000706834350025X140
Pending1468Cullom$1,599,9902981053.1450025X125
Pending4223Greenview$3,850,0001491564.2014,814
CLSD1412Belle Plaine$1,199,000$1,130,0006/5/132593.13.1025X125
CLSD1440Pensacola$1,189,000$1,124,5005/28/132851253.1405025 X 121.75
CLSD4431Hermitage$2,850,000$2,850,00012/14/1211366050 X 165
CLSD4647Paulina$749,000$700,0002/28/13103843.1025X165
CLSD4307Greenview$795,000$765,0005/9/1318931.1025X120
CLSD4013Greenview$1,450,000$1,425,0005/3/13171164.2420025 X 161
CLSD4606Paulina$515,000$505,00012/14/12187942.1270035X100
CLSD1502Sunnyside$439,000$413,0003/5/13305941.1026X101
CLSD1725Belle Plaine$1,282,500$1,200,0006/11/138081265.1800046X125
CLSD1446Belle Plaine$1,495,000$1,495,0003/22/13791144.2452025 X 125
CLSD4348Greenview$918,000$885,0003/22/13316943.1035 X 75
CLSD4148Hermitage$989,000$975,00012/14/121632046 X 165
CLSD4335Greenview$789,000$769,0005/31/1315832.1025 X 120

1460 w hutchinson - chicago

1460 W Hutchinson

$1,095,000

Listed 6/10/13, this lovely Graceland West Foursquare home has been lovingly updated and includes 3 decks and a 2 car garage.

4223 Greenview

4223 N Greenview

$3,850,000

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
773-620-5333
Anne@Rossley.com

 

Chicago Vintage Condos – Grand Historic Homes for Sale

 

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:

Chicago Vintage Condominiums for Sale

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

1200 N Lake Shore Drive #804

$549,000

3314 N Lake ShoreDr

3314 N Lake Shore Drive 7A

$595,000

2608 N Lakeview

2608 N Lakeview 8A

The Marlborough

$1,495,000

20 E Cedar

20 E Cedar 4A

$1,999,000

159 Walton Palmolive

159 E Walton 11F

The Palmolive

$1,450,000

Find your Chicago Historic Dream Home

Search Chicago Real Estate Properties for saleTo 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
773.620.5333
Anne@Rossley.com

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