Follow on Google News News By Tag * Chicago Real Estate * Homes For Sale * Luxury Homes * Chicago Luxury Listings * Home Selling * Chicago Real Estate Agent * More Tags... News By Place Country(s) Industry News
Follow on Google News | Dream Town Lands Most Expensive '09 Home Sale in Chicago Real EstateA 12,000 sq. ft. mansion in Lincoln Park sold for $5.6 million in August, the highest price paid for a home in Chicago so far this year. Dream Town Realty's Christine Carr was the selling agent for the property.
The Howe Street residence was listed in May for $5,999,000 and went under contract by mid-July. According to data from the Multiple Listing Service of Northern Illinois (MLSNI), the 6-bedroom, 5.5-bath house sold in a short sale on August 25th for $399,000 below the asking price. "The home has a lot of great selling points that helped move it off the market in less than three months," said Christine Carr, who represented the buyer of the property. "And it was built on an oversized lot, which adds substantial value in a neighborhood like Lincoln Park." Other highlights of the 17-room elevator-equipped house are a home theater, entry gallery, library, bar and gaming room, multi-level wine cellar, 36 x 24 sq. ft. family room, and rooftop putting green. Chicago's most expensive home sold this year also has a four-car attached garage and laundry on both the first and second floors. The penthouse deck features an outdoor fireplace, kitchen, bar and lounge, and unobstructed views of the cityscape. The custom floor plan is outfitted with top-of-the-line finishes and it has a state-of-the- After the $5.6 million paid for Howe Street, the next closet purchase price in Chicago for 2009 is another single-family home located two blocks away on the 1800 block of N. Orchard Street. It sold for $5.1 million in March and in April a house on the 1900 block of N. Mohawk Street (also in the same neighborhood) "The luxury home market in Chicago is quite active," Carr said referring to residential real estate listed for $750,000 and up. "Dream Town has developed a separate Luxury Sales division to handle all of the high-end property listings we're getting this year." The August edition of Dream Town's luxury listing report even includes an original Keck House, designed in 1946 by the famous architect duo Keck + Keck. The company's website DreamTown.com also has a Chicago Luxury Home Search that specifically targets upmarket properties within city limits (http://www.dreamtown.com/ According to MLSNI market statistics for purchase prices $750,000 and above, the City of Chicago had almost 600 luxury sales in the last nine months. Since the beginning of January there were 263 closings on detached homes and 330 closings for attached properties (condos and townhomes). Average sale price for detached luxury homes sold in Chicago this year is $1,434,655 and attached properties averaged $1,185,268. There are currently around 2,000 luxury listings on the Chicago residential real estate market (properties priced $750,000+). Carr is one of the area agents that specialize in luxury home sales and purchases. She has been with Dream Town Realty since 2005 (http://www.dreamtown.com/ # # # About Dream Town Realty Dream Town is largely recognized as the leader in online Chicago real estate. Their top-ranked website (www.DreamTown.com) End
Account Email Address Disclaimer Report Abuse
|
|