Lakewood Balmoral Homes For Sale

An important home in historic Lakewood Balmoral just came on the market!

5438 N Lakewood

$1,850,000

5438 N Lakewood

Click on the Photo Above for the 5438 N Lakewood website!

This gorgeous renovation was done first in 1986, and then again recently. The new kitchens and baths are luxurious, and the nearly 6000 SF home offers the finest blend of vintage and contemporary finishes! There are 6 bedrooms , 4.5 baths PLUS a finished basement. The third floor could be used as a guest suite or family hangout, there’s a nanny suite in the basement, PLUS a separate office/artist’s den with separate guest access allows for privacy, creativity, yet proximity to the home’s activity centers!

Homes on this popular Lakewood Balmoral block don’t come on the market very often – and if they do, they aren’t usually already renovated to the discriminating taste of today’s home buyer. This is rare opportunity!

To see this magnificent property, contact

Anne Rossley

773-620-5333

Email Anne Rossley

For more information, read the brochure found below.

5438 N Lakewood Brochure

Or download the 5438 N Lakewood Brochure Here (on dropbox)

Select this link to see all homes for sale in Lakewood Balmoral

 

 

Chicago Real Estate Update – North Side

This is a bit of a macro view of the Chicago Real Estate Market, but I think it’s an interesting comparison to the chicago real estate, Illinois, and the nation.

What’s My

Chicago Real Estate Market?

anne rossley real estate market

Basically, from the South Loop/Near South Side to Devon, including areas just west of the Kennedy Expy, Forest Glen, and Irving Park.

Chicago Real Estate Market Trends

2008 to Today

The following market trend charts are for both single family and “attached” properties (condos, townhomes, co-ops).

Median Sales Price

Here is an interactive chart of what Chicago Real Estate median sales prices have done since 2008…

 

Market Times

Number of days on the market, from listing to contract…

 

Inventory Levels

How many months worth of housing stock is available at any point in time? Lenders use 6 months as the benchmark for a “stable market”. Under 6 months of inventory is considered a “sellers” market.

 

% Sales Price to LAST List Price

This may or may not be the ORIGINAL list price. Once the property reaches the RIGHT list price, it’s currently selling for 97.8% of that last price.

 

Units Closed

Since April, 2013, over 10,000 homes have been sold in the marketplace. This is a very strong number!

For information on your neighborhood, or to get a quick pinpoint market analysis,
contact Anne today!

Anne Rossley

Email Anne Rossley

Baird & Warner

773-620-5333

 

Chicago Parent “Shorts”

 

I came across this great article on helicopter parenting around the world – “A Cure for Hyper-Parenting”

Apparently, it’s not just Americans who are hyper parents!

helicopter parenting

In short, here’s what the NY Times article by Pamela Druckerman instructs us about good parenting:

1. Matthias Doepke and Fabrizio Zilibotti say intensive parenting springs from “rising inequality, because parents know there’s a bigger payoff for people with lots of education and skills.” Maybe – I haven’t done a lot of thinking on this. I read that this phenomenon is creating an even greater gap between the “haves” and “have nots” who can’t afford tutors, test prep, private sports coaches….

2.  People around the world are breeding later in life, when they’re richer and more grateful, so the whole parenting experience becomes “hallowed”. Makes sense – it also stands to reason that having kids after “achieving” in the workplace means there’s one more place to show off our “achievement-driven” sensibilities…

Advice

Here’s the advice Ms. Druckerman gives in the article- many of which are cited from other sources. She did a great job of putting gathering some useful nuggets:

  • Keep Calm and Parent On — expect more from your kids – even though it can be messy
  • Kid parties should be DROP-OFFS – use the time for yourself! Between the mid-1990s and 2008, college-educated American moms began spending more than nine additional hours per week on child care; this came directly out of their leisure time.
  • Enjoy the MOMENT- don’t always push for a Harvard degree. Said a better way: “total commitment to the process, total equanimity about the outcome.”
  • Most parenting crises are caused by exhaustion – try sleeping more and attacking issues when calm and rested.
  • Have less stuff-  the more you have, the more you have to organize, take care of, repair, and think about.
  • Work-life balance is nearly impossible to achieve- FORGIVE YOURSELF!
  • Teach emotional intelligence to your kids- and live it yourself- size up the other individual before you care what they think of you!
  • Enact the Mandela rule – “You can get what you want by showing people ordinary respect.”

Curling Parents

I love this:

Scandinavians complain of “curling parents,” a reference to the sport in which you frantically scrub the ice to let a stone glide across it.

curling parent

Maybe even a better analogy than a helicopter?!?!

 

 

Senior Move Managers – Professional Chicago real estate services

 

senior real estate specialistPerhaps the greatest obstacle in seniors taking the step to downsize, or “right-size” is being overwhelmed with the vision of organizing/moving their lifetime of treasures.

This week, the New York Times wrote an article about this problem, and the use of organizers and senior move managers was discussed.  (read entire article here).

Professional Organizers

There have been professional organizers around for a while. Using one can be a lifesaver! We hired one when we moved from the Gold Coast to Ravenswood (I was in Paraguay at the time- Tom was working his full time job AND managing the move AND our 1 year old Thomas!). She was terrific – we were very grateful for her help.

If you’re interested in finding a great home organizer, I can refer you to one, or you can look at the website for the National Association of Professional Organizers – NAPO (see website here).

 

Association of Senior Move Managers

use a senior move manager

The article also talked about the Association of Senior Move Managers. I knew very little about this group, but was immediately intrigued.

I read a terrific article (read it here) which described what they do and why you should hire one:

1. Eliminate the potential for exploitation of seniors.

2. Downsize your aging parent’s home in an organized and dignified manner.

3. The aging parent feels in control of the moving process.

4.  Move managers are often like a general contractor.

5. Eliminate stress on the family.

6. Move managers have useful tricks-of-the-trade up their sleeves.

Chicago Senior Move Managers

I immediately searched for a local Senior Move Manager, and behold! One lives just around the corner!

I met Marnie Dawson for coffee, and we had a great chat. I learned that she’s been in the business since 2006, and has helped many people with their moves.

Marnie’s business, Dawson Relocation, incorporates the best of home organization with tips and tricks for an efficient, well-priced move. Marnie helps with estate moves, as well as seniors who are “right-sizing”. She works with both the seniors AND their adult children, helping everyone make the move as stress-free as possible.

Marnie is delightful to be around, and she has a great command of this real estate niche. After spending an hour with Marnie, learning about her business, her mission, and her past experiences, I am going to recommend her to families looking for help with moving. She is a great asset to your Senior Moving Team!

First Steps in Moving

If you (or your parents) are considering downsizing, or “right-sizing”, the first step should be to call your Senior Real Estate Specialist, Anne Rossley. We’ll develop a plan for making the next step a stress-free and enjoyable transition!

Email Anne Rossley

Anne Rossley

773-620-5333

Chicago Bungalows for Sale

 

Chicago Bungalows are often the best way for new buyers to purchase a single family home in the city –

  • They’re affordably priced — often in the $350 – $450K price range,
  • They offer great incentives – historic and energy tax rebates, historic property tax freeze opportunities…, and
  • As a single family home, owners can enjoy privacy, a yard, and a basement/garage that isn’t available with condos.

There are many great Chicago Bungalows available for sale now – let me know if you’d like to begin searching for your Historic Chicago Bungalow Dream Home!

Select the link below if you want to see the best available homes for sale today, along with photos of the interiors*

Chicago Bungalow Homes for Sale-  Buyer Tour

Remember- these are NOT my listings- however, I would be delighted to represent you
as you consider purchasing a new home.

Here’s a quick look at some of my favorites…

Today’s “Best Rehab Option” Chicago Bungalow:

4917 kostner - chicago bungalow

4917 N Kostner

Estate Sale

$249,000

– – – – – – – – – – – – – – – – – – – –

“Best Value” Chicago Bungalow:

4901 kenneth-chicago bungalow

4901 N Kenneth

$249,900

– – – – – – – – – – – – – – – – – – – –

Best Retro Bathroom Chicago Bungalow:

2636 W Farwell chicago

2636 W Farwell

$319,000

Don’t you LOVE this pink bathroom?!?!

West Ridge Historic Bungalow District – Estate Sale

– – – – – – – – – – – – – – – – – – – –

“Won’t sell from the online photos” Award:

4827 lowell

4827 N Lowell

$339,000

It might be darling, but you wouldn’t know it from the pictures.

– – – – – – – – – – – – – – – – – – – –

“Doesn’t sound possible award” :

3622 artesian

 3622 N Artesian

4 Bedroom

Bell School District

$420,000

Sounds impossible, right?!

– – – – – – – – – – – – – – – – – – – –

Craftsman bungalow of the week:

3800 Lawndale

3800 N Lawndale

$629,000

– – – – – – – – – – – – – – – – – – – –

Highest Priced Bungalow:

2616 W Windsor

2616 W Windsor

$825,000

Ravenswood Gardens – Lincoln Square

– – – – – – – – – – – – – – – – – – – –

Let me know if you’d like email alerts when new bungalows become available!

Or, bookmark this link to see the current list of bungalows for sale on Chicago’s north side:

Bungalows for Sale Today

Email Anne Rossley

Anne Rossley

773-620-5333

Chicago Real Estate 60618 – Single Family Homes

Update on Chicago Home Sales

60618 Zip Code

chicago 60618 Zip code map

As of today’s post, 160 single family homes are for sale in Chicago’s 60618 zip code. They range in price from $159,000 to $ 2,599,000.

The following chart shows median sales prices for the 60618 zip code area – it’s interactive- feel free to explore!

Prices – 87.8% of Jan 2009 Levels 

As of this month, median sales prices of homes ($495,000) are 87.8% of the January, 2009 median price level of $ 565,000.

 

Market Times – Lowest in Over 5 Years

The average market time hit its peak in October, 2009, when it took 175 days to sell a house in 60618. Last month, the average market time of 54 days was the shortest in over 5 years!

 

Inventory – Extremely Low!

It’s a Sellers’ Market!

At the worst of the market (January, 2009), there was over a year’s worth of homes for sale. This has steadily declined, and since February, we’ve been hovering between 2.7 and 2.8 months of homes for sale.

Lenders consider 6 months a stable market, so you can see, we’re WELL BELOW that 6 months threshold!

Find homes for sale TODAY by selecting this link:

Homes for sale – Chicago’s 60618 zip code

To find out what your home’s worth,

contact

Anne Rossley

Baird & Warner

773-620-5333

Anne Rossley

Chicago High Schools – Selective Enrollment Process

Welcome back to school!

Welcome_back_kotter_1977

Everyone’s back in school now, and we’re all looking forward to a great year!

If you have an 8th grader in the CPS system, this is a big week. It’s time to get moving on the Chicago High Schools application process!

There’s a big change in the selective enrollment process this year – the ELIGIBILITY LETTER.  The CPS OAE site reports:

Eligibility Letters for CPS and charter school students will be distributed to students through their school counselors the first week of school.  Eligibility Letters for non-CPS students will be mailed to their homes after the student takes the NWEA MAP. 

I’ll be curious to hear if these letters went out last week, if it went smoothly, and how parents are feeling about this change. Add your comments to this post and let me know your experience!

For those who are eligible, they may now begin prepping for the Dec/Jan entrance exams, the 3rd piece of the entrance requirements.

I’ve never been a fan of this process – what stress! However, test prep CAN help some kids. Here are some class/tutoring options you might want to check out:

How are Chicago High Schools’ Selective Enrollment Students Chosen?

CPS tiers for selective enrollment   Selective Enrollment High Schools base their enrollment on a 900 point system (and their address – see the map)

1.  NWEA test scores  , previously the ISAT test scores (see article about the switch) – 300 points

2.  Grade point average – Core subjects- English, Math, Science, Social Studies (300 points)

3.  8th Grade Selective Enrollment Test Scores (300 points)

Here are the score results from last year’s 8th grade class, using the NWEA tests:

Mean/Minimum Test Scores for each Chicago Selective Enrollment High School

Select this link for a step by step accounting of how students can enroll in a Selective Enrollment High School.

How do you apply for Chicago Selective Enrollment High Schools?

This Week   If your child is eligible, he/she will receive a letter at school (if they currently go to a CPS elementary school).

Sept 19     You can open your CPS account (select this link)

Oct 1       Begin the application process – choose a test date

Oct 1 – 12/12  APPLY — you have to go BACK after you’ve scheduled the exam to make the formal application.

 

Visit the High Schools This Fall!

Many parents/students like to visit the schools before making their final preferences on the CPS high school application. See this list of fall open houses, and be sure to visit!

CPS Selective Enrollment High School Open Houses

 

Articles and links of note:

walter payton college prep

Is all this CPS HIgh School Stuff Stressing you Out?

Contact Anne Rossley

to find out how you an live in a

great CPS neighborhood high school

or,

get more information on the Chicago High School Options!

Anne Rossley

773-620-5333

Old and Sold – Chicago Historic Homes – Real Estate Update

What historic/vintage homes have sold this week?

Five historic (vintage) single family homes closed during the first week of September in Chicago*.

You can check them out, with interior photos, by selecting this link:

Old and Sold September 7, 2014

Here’s the snapshot:

1463 w sunnyside, chicago, il

1463 W Sunnyside

$ 654,000

99% list price – sold in 6 days

2102 n fremont chicago

2102 N Fremont

$1,880,000

99.4%  list price  —  sold in 6 days

5426 N Lakewood

5426 N Lakewood

$728,000

101% list price – sold in 14 days

Reported to be the oldest home in Lakewood Balmoral Historic District – it will be renovated by its new owners.

2131 N Sedgwick chicago

2131 N Sedgwick

#1,280,000

93.1% list price  –  sold in 12 days

5507 wayne lakewood balmoral historic district

5507 N Wayne

$ 1,350,000

96.5% FINAL list price

This property in the Lakewood Balmoral Historic District was originally listed for $ 1,590,000 in March.  After 2 price reductions, the home finally sold at 96.5% of the final list price.  In all, it was on the market for 147 days.

As you can see from the 4 previous homes, when a home is listed AT the right price, it will sell almost immediately.

If it’s priced too high, not only does it sit, but once the right list price is reached, it still takes longer to sell

Note to sellers:

Price your home at the right price from the start!

 

Remember  —  these are NOT my listings – I’m merely reporting what’s happening in the market.

My goal is to price every listing to sell FAST at the highest price possible – make sure to read recent client recommendations:

Anne’s Client Testimonials

 

Anne Rossley

What’s an “SRES” and why do you need one?


Happy Senior Citizens Day!

August 21

I became a Seniors Real Estate Specialist (SRES) several years ago, and I’m finding this designation to be very helpful in my real estate practice.

As I became older, and as my mother began making choices about where to live after age 75, I saw the importance of incorporating the specialized training and resources necessary to help clients of 50 and older with their real estate choices.

I’m finding the expertise beneficial all the time – for friends who are trying to help their aging parents. and as they, themselves, are beginning to plan for their retirement.

Whether aging in place, downsizing, or moving to an active senior community- an SRES Realtor is best equipped to help clients make a smooth and successful real estate transaction.

sres- Anne Rossley

The SRES Website describes the benefits this way:

A Seniors Real Estate Specialist® is experienced and knowledgeable in meeting your specific needs and that can make all the difference in the world.

As we age, we demand specialists in our health needs, so why not in our housing and equity needs as well? An SRES® brings:

  • A customized approach to your situation, working to fit your living situation in with your overall life plan
  • Expertise and patience throughout the transaction
  • An awareness of options and a network of solid, reliable referrals to help you in the process
  • A variety of choices to reduce out of pocket expenses, gain cash, or create or defer income streams to either stay independent or obtain financial assistance

A recent New York Times Article explains the specialty in their recent article, “Real Estate Agents for Older Adults are Part Broker, Part Therapist.” (an aside- I believe this is true for all real estate transactions, not just for older citizens!) Mentioned in the article are the following points:

  • The huge emotional experience of selling one’s lifetime home (this often creates an identity crisis of sorts),
  • The senior’s denial of the need for supervision/health care, due to illness, memory challenges, and/or frailty,
  • Today’s popular desire for “aging in place,” where seniors live in their own residences independently, and
  • Family relationship stresses – adult children wanting to help, often from miles away- with senior parents unwilling to take the “suggested” next steps.

 senior real estate specialist

 

I have helped several seniors as they sort through belongings, sell their lifetime home, and move into the next phase. It’s an honor to help my friends’ parents, my neighbors, and new senior clients as they navigate this transition.

If you have any questions about your own situation, or your parents’ future move, please call me and let’s talk!

Anne Rossley

773-620-5333

 

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