Tuesday, September 07, 2010

Top floor two bed, two bath condo sales in Lake View

We have a great home sale listing at 3231 N Clifton unit 3N in the Lake View neighborhood. It's really all a Realtor and buyer can ask for... perfect condition, shows beautiful, garage parking, location, location, location and priced at $425,000.

Looking at top floor units in small buildings (3-8 units), the available and closed comparable units are hard to come by under or just over $400,000. Most comparable condos that close for under $400,000 are second floor units... not top floor. Top floors allow more light and less neighbor noise. Let's take a look at the past 6 months:

When searching closed top floor, 2 beds, 2 baths for the past 6 months, 3-8 unit building, garage parking (a must), deck, built after the year 2000 we get 17 closed comparable for a median price of $475K. This includes homes on busy commercial streets on the lower end (Lincoln, Ashland, Belmont, Halsted) and units with roof top decks on the highest end.

Only 6 homes closed at $405,000 or less. Of those, the bottom three sales were immediately adjacent or backed up to the CTA elevated train.

Our sellers are reasonable at 3231 N Clifton and they are looking to deal. This home is in a top Lake View location without traffic, commercial or train noise. Please contact us if your interested in purchasing a like new Lake View home with upgrades in the lower end of the market.

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