4112 Lowell – Great Chicago Real Estate Bargain

4112 N Lowell

Don’t rent when owning a home is cheaper!

Get the Details

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Financing Sheet

It’s Cheaper than Rent!!!

See all the home loan options – including the IHDA loan –

Less than $2000 – monthly payments

Less than $4000 (net)  – down payment

See your Options

Anne Rossley

For all your real estate needs…

Contact Anne

Diane Pyshos

For all your home loan needs…

Contact Diane

Top 10 Bungalows for Sale- Chicago’s North Side

Best Bargain in Old Irving! Dramatically reduced to sell right away! Deep lot on cul de sac $ 299,000
North Mayfair beauty — this is a value with a remodeled kitchen, hardwood floors, and enclosed rear porch. $325,000
Absolutely charming – light and bright 3 bedroom  – sparkles! Near Lawrence/Elston for quick access to transportation routes! $389,000
North Side- 38′ wide lot with 4 bedrooms and many upgrades. $397,000
Gorgeous Mayfair bungalow with lovely finished basement. $450,000
Stunning renovation – gorgeous in and out, with amazing 4 BR/3 BA and enclosed rear sunroom. $454,900

Probably the prettiest exterior-  checkerboard brick with lovely trim in Historic West Ridge. $ 465,000

Ravenswood Manor 2 BR 2 BA in Waters School District! $525,000

Roscoe Village 3 BR 2 BA in Audubon School District. $699,000

Architecturally significant 5,000sf 4 BR/3 BA jumbo bungalow in Historic West Ridge District built by the contractor of Chicago’s Buckingham Fountain. $749,500

Looking to buy a bungalow? Search for your own home today! Click on the photo to the left to see homes for sale TODAY! For appointments, contact Anne Rossley (773) 620-5333.

Chicago Real Estate Market Update

How’s the Chicago Real Estate Market?

This info is generated using the MRED Multiple Listing Service data for
Anne’s Primary Market Area*

Anne Rossley Primary Market Area

Here’s all you need to know in 3 FACTS:

Median Sales Price

The median sales price for all property types (SF, condo, 2-4flats)

is just over 9/2008 levels!

chicago real estate median sales price

Market Time

It’s taking 74 days to sell homes today – down from the 6/11 high of 177.

Chicago Real Estate - Market Time

 

Inventory (Months Supply)

There are 3.7 months worth of housing on the market today-

6 months is a “stable” market, and the highest level was

15.1 months worth in January, 2010

Chicago Real Estate - Months Supply/Inventory

Of course,

these numbers vary by neighborhood.

To find out what your home’s worth,

get a Pinpoint Market Analysis today!

Select this link for your automated market analysis

For all your Chicago Real Estate questions,

call

Anne Rossley

773-620-5333

Chicago Real Estate – What’s really going on

Keeping Current Matters, one of the many real estate news services to which I subscribe, just published its recent real estate sales figures.

I wanted to dig deeper, though, to understand what’s happening in the north side Chicago real estate market.*

Here’s what I found…

Homes Sold

The number of homes closed in the last 12 months was over 12,000 – well above the low in 2011 of 7779.

Chicago Real Estate Sales

Market Time

Homes are selling quickly – on average, homes sold in 75 days this year.

Days on Market

 

Median Sales Price

The median sales price of homes sold this year was $376,000 – up 2.1% from 2008.

Median Sales Price

By Neighborhood

To better understand which neighborhoods are contributing to this increase, check out the map below.

Median Sales Prices are compared – numbers quoted are % gains – 2015 over 2012 (ending 5/31).

Chicago Real Estate Median Sales

———————-

Chicago is a series of neighborhoods and micro-neighborhoods.

To find out what’s going on in your neighborhood,

and to get an updated value for your home,

contact

Anne Rossley

Baird & Warner

773-620-5333

Anne@Rossley.com

Search Homes for Sale – Select this link!

Proximity Search – Find Homes Nearby

Download my free mobile app!

Anne Rossley mobile app QR

Other facts worth noting:

Home Price Changes – Nationally by State

Year over Year Real Estate Prices

National Home Price Apprection

projected real estate appreciation

Yin and Yang of Chicago Real Estate

Yin and Yang of Chicago Real Estate

Tuesday is Chicago real estate tour day. Agents hold open houses of their new listings and Realtors tour these properties for potential clients.

With today’s internet/virtual tour options, fewer and fewer agents go out on these tours, which is a shame. I love to go on tours – I get a chance to visit with colleagues, see gorgeous properties, and stay abreast of home values throughout the area.

Today, I got to see the Yin and Yang of Chicago Real Estate- polar opposites- NEW and VINTAGE. I have to say, I loved them both!

CONTEMPORARY – MODERN

Claremont House

3909 N Claremont

$1,995,000

My iPhone photo doesn’t do it justice- the home is open, sleek, chic, and easy to live in! Some of my favorite details:

  • When you walk in, there’s a metal floor that’s actually a grid- underneath is a drain so dirt and water from your shoes and boots are immediately taken away.
  • The open staircases (up and down) are made of thick blond wood treads.
  • The front and rear windows are HUGE spans of glass- this brings the outside in, and it’s incredibly dramatic!
  • The lower level has terrazo floors with radiant heat, and the family room is separated from the garden by a sheet of glass- gorgeous!
  • The kitchen is slick and sleek – with stainless steel table, cabinets and appliances, offset by blond wood upper cabinets, it’s a chef’s dream!

Find Contemporary Homes for Sale-

Select this link!

HISTORIC – VINTAGE

905 W Castlewood Terrace

905 Castlewood Terrace

$1,500,000

You know I’m in love with historic homes, and the old houses on Castlewood are amazing! This home was built in 1911, and it sits on a 90 x 115 lot.

Some of my favorite things about this house:

  • Huge side yard!!  There’s a lovely fountain, gorgeous plantings, wrought iron fence, and side deck.
  • This street is a cul de sac – no through traffic!
  • Gorgeous vintage details inside – wood floors, moldings, curved staircase, and more.
  • A solarium — a wall AND CEILING of windows that just make me smile!
  • It’s big – 4900 square feet inside with 5 bedrooms, 3 full and 2 half baths

Find Vintage Homes for Sale-

Select one of these links:

Vintage Co-op Buildings

Historic Districts of Chicago

Historic Home Search by Price

– – – – – – – – – – – –

And – to help guide you in your home search,

Contact

Anne Rossley

773-620-5333

AnneRossley.com

Top 10 Chicago Bungalows for Sale

Top 10 Chicago Bungalows for Sale

Annes Top 10

Here are Anne’s Top 10 Bungalows for sale on Chicago’s north side*

4431 N Richmond

4431 N Richmond

– – – – – – – – – –

Top 10 Bungalows for Sale

Top 10 Bungalows for Sale

– – – – – – – – – –

To take a virtual tour of these homes,

Select this link:

Top 10 Bungalows – See Them Here!

– – – – – – – – – –

  List PriceASFMTRmsBRBAYr BltLot Dim
6111Rockwell$270,000929293731192130 X 125
4042Argyle$340,000186222832.1UNK31 X 159
5030Bernard$349,000240041151.1191330X125
6033Talman$349,90014452931.1192430X125
2848Estes$409,7703557741243192732 X 123
2709Lunt$469,000Unk52942.1192337X124
2451Hutchinson$475,000Unk50721.1192225X125
4431Richmond$525,000Unk3751022191630 X 125
3815Avers$610,000Unk23842192137.5 X 125
3107Damen$675,000Unk16733191325 X 125

3815 N Avers

3815 N Avers

– – – – – – – – – –

Ready to shop for a Chicago Bungalow of your very own?

Contact Anne Rossley

Baird & Warner

773-620-5333

Anne@Rossley.com

– – – – – – – – – –

5030 bernard

5030 N Bernard

 

 

* This is my list of favorites- they may not be the finest photographs, and they’re NOT my listings. I do NOT represent that they’re the best values, either.  These are my favorites – based on location, price, historic details, and amenities.

 

Chicago Real Estate Market Update

In a nutshell, where is the Chicago real estate market today?

Statistics about the real estate marekt are bandied about everywhere, but when my clients ask, they really want to know what’s going on LOCALLY.

The statistics I’m quoting here are based on my selling area- part of Chicago, which is a segment of the Midwest Real Estate Data MLS System.

 Anne’s Market Area

Anne Rossley's Market Area

 

Median Sales Price

Over Time

98.5% of the Market High

$347,325 (April, 2015) vs. $352,500 (October, 2008)

 

 

Market Time (Days)

All properties

Market time doesn’t significantly differ between price points or property types (condo vs. house)

73 DAYS

Chicago (total): 84 days

 

 

Property Units Closed

# Units Closed is Very Strong but not at the 2008 “frenzy” level

15,795 closed in March, 2015

18,427 closed in January, 2008

 

Month’s Supply – Inventory

At current sales pace, how long will it take to sell all properties on the market?

Stable Market:  6 months

Today:  3.8 months

February, 2010:  15.1 months

Chicago Total (March, 2015): 4.6 Months

 

 

Sales Price

As % of FINAL List Price

Buyers are NOT throwing lowball offers at sellers.

They’re waiting until the price is right, and then they’re paying close to list price.

98%  !!

Chicago Market: 97.9%

If you have a question about the Chicago Real Estate Market, email me today!  Anne@Rossley.com

Reach out to me on LinkedIn!  Anne Rossley on LinkedIn

Slideshare version:

 

Pet-Friendly Condos- How much does Fido weigh?

what size dog

Question:

What size dog should I get

if I want to buy a condo in the city?

Answer:

It depends!

One of my favorite clients asked me this question.

Her dear family dog just died, and while she’s planning on moving to the city next year, she also wants to bring a new dog into the family.

She’s smart to ask —

There are so many dogs to love.

She wants to fall in love with the right dog now rather than limiting her condo choices later on!

 My answer…

“35 Pounds!” (or so I thought)

Off the top of my head I told her to get a dog that’s under 35 pounds. But then that gnawing worry attacked – where did I get 35 pounds?

So – I did my research…

I pulled up all condos that were currently for sale or recently sold in highrises (7+ stories) inthe Loop (8032), Near North (8008) and Lincoln Park (8007) census tract zones. If a bulding hasn’t had activity in over 6 months, it wasn’t part of this quick study.

I was astonished!

Here’s what I found…

I.  INCONSISTENT DATA IN MLS

Of the141 buildings that came up in the search, 97 buildings had 2 or more listings. With 2 (or more) anaswers to the pet weight question, I could compare the agents’ responses to this query.  NOTE: I had no ACCURATE way of determining the veracity of the agents’ reports. Only if the answers were DIFFERENT was it readily apparent that something was awry.

Consistent Reporting (2 or more agents reporting the SAME weight):  37

Inconsistent Reporting (at least one agent providing a different response to the other listing): 60

62% of listings had inconsistent data!

II. INSUFFICIENT DATA IN MLS

Some buildings have a COMBINED pet weight requirement. For example, you may be able to have 2 pets, but the combined weight must not exceed XX pounds (e.g. 80 pounds together).

III. NON-SENSICAL DATA IN MLS

Some buildings reported 20 and 25 pound limits. Inconsistent, but close.

Others, however, reported 999 pound limit for a listing in the building, a 50 pound limit for another condo in the SAME building, and 0 pounds for yet a third listing at the same address.

In fact, several agents report dog weight limits of ZERO pounds in buildings that they themselves report as dog-friendly.

Huh?????

IV. ONLINE SEARCH ENGINES DON’T ADDRESS THIS

When looking on Realtor.com, Zillow, and Redfin, I couldn’t find a way to find buildings that allow dogs, let alone what size dog might be permitted by the Rules and Regulations.

So, how is a buyer supposed to find a home he can live in?

1.  Work with a real estate agent – onine searches are NOT going to work

2.  Work with an agent who calls property managers IN ADVANCE of showings, so you don’t fall in love with a property you can’t have!

3. Identify a few buildings that could work, and do searches for THOSE buildings.

dewey

Dewey- my 10 year old Labradoodle at Montrose Beach

By the way, here are some more statistics:

34 buildings require dogs to weigh 30 pounds or less

18 more allow dogs between 35 and 60 pounds

89 buildings allow dogs that weigh more than 60 pounds, but again – these could be reporting a “combined” weight restriction!

As a pet owner for most of my life, I empathize with clients trying to find a home that welcomes their canine family members.

Perhaps in the near future, this search dilemma will be solved.

In the near term, please call me so I can help you find your new home as efficiently as possible!

Call Anne Rossley

773-620-5333

Send me your question – 

I may include it in a future “Anne Answers” post!

9 Walton- Proposed Gold Coast Luxury High Rise

9 Walton- Proposed Gold Coast Luxury High Rise

 

You may have heard the rumors about a Gold Coast high-rise at 9 Walton.  Wondering what’s going on?

As of March 26, 2015, no permits had been pulled (Anne's AnswersChicago Architecture Blog), but soil sample tests were being done.

The plan calls for a 34 story building with just 67 residences – ultra luxury, indeed!

Walton on the Park is certainly going to despise living in the shadow of this building!

9 W Walton-Chicago

Interested in seeing Floor Plans of 9 Walton?  9 Walton Rendering

Send me an email and I’ll forward the newly released residence and building plans!

COMMON AMENITIES:

• Elegant fully staffed lobby

• Valet Parking

• Granite paver, landscaped, covered drive court

• Indoor lap pool

• Hot tub, steam room and sauna

• State of the art workout room – including Pilates and Gyrotonic machines

(Personal training service available)

• Private dining room with professional kitchen and outdoor deck

• Indoor dog run

• Two story conditioned wine cellar with private storage available

• App based management and communication system

• House car/driver

• Dry Cleaning Service

• Electric car charging

• Guest apartment suite

BUILDING SPECIFICATIONS:

• Classic precast, granite and limestone exterior

• Bronze and glass entry doors

• Post tension concrete frame

• High performance exterior windows and

• Spray foam insulation at all exterior walls

• 1 Gig internet service

• 3 high speed elevators – two passenger and one freight

• 4 pipe heating and cooling system with humidification and electronic filters

• Ten to twelve foot clear ceiling height

• Expansive private outdoor space with heaters

UNIT SPECIFICATIONS:

• Custom designed O’Brien and Harris or Bultup cabinetry

• Sub-zero and Wolf appliance package including a 48-60” range)(LaCornueFe

110 range also available as standard), separate refrigerator/ freezer, dishwasher,

under-counter wine cooler (half and full floor units include a full size wine

cooler)

• A selection of Kallista or Dornbracht plumbing fixtures

• Toto toilets (Washlet series in all master baths)

• ó frameless glass shower enclosures

• Custom built marble slab master shower with steam

• Heated bathroom floors

• Exquisitely detailed marble bathrooms

• 3cm stone countertops (multiple edges available)

• Walnut or Quarter Sawn White Oak hardwood flooring (solid hardwood or

engineered is available – choice of width)

• A selection of hardwood flooring or Stark wool carpeting in all bedrooms

• Fireplace with custom carved marble mantel

• In unit lighting controls

• Pre wired for audio visual and motorized window treatments

• Multiple piece crown moldings

• Wainscoting in gallery and hallways

• Applied moldings on ceilings (per plan)

• 8” decorative wood base trim throughout

• Built in safe

• Custom master bedroom closet build-out

• Gas, electric and water at the terraces

• Recessed lighting throughout

Have a Real Estate Question?

Email me today and get your ANSWER!

Anne's Answers

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