Saturday, April 28, 2007

2040 Belmont in Roscoe Village... hot building

Just a quick note (this is not my listing, just my observation)... the 2040 W Belmont condo building has been hot. These two bedroom, two bath units feature huge master suites, great closet space, one and two car garage parking, attractive kitchens and great layouts. Homes in this building have sold at much better than average market times over the past two years.

I have many buyer clients in the $350-$400K price point. This has become a favorite building to show when units are available. This spring a second floor model listed at $374,900 with one garage space went under contract in under 30 days. I showed this with a client and predicted as much when it first hit the market. He passed to make his way east for a higher price-point.

Recently, I just completed a negotiation for my client on a top floor model with two-car garage parking. This one made it only 10 days. There was another last season of this same model on the third floor that sold in 3 days. This is rare in the eyes of the buying public. However, the condos feature a terrific balance of equitable bedroom sizes, ample dining area, smart kitchens and a Roscoe Village address. Two car parking is rare, and with many other two bedroom condos selling for $400K in Roscoe Village, Lincoln Square... and of course Lakeview with one parking space... why not get two garage spaces?

I'm showing another unit on the second floor that just hit the market for the same price as the one under contract. In this spring market, and with an apparently popular building, I don't expect it to make three weeks. I feel the condos are very nice looking and a great value compared to the handful of competing models in the area.

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