Monday, January 02, 2017

Sold! Clients win mutiple offer for Forest Glen double-lot house

Our clients closed 5039 W Berwyn in Forest Glen just before the Christmas holiday.  The wide lot features large side yard and spacious backyard! They will expand the existing small house with a second story.
Congrats to our buyer clients on their purchase of 5039 W Berwyn, Chicago IL 60630 in Forest Glen.  The nearly 60ft wide corner lot is nestled in a quiet neighborhood just steps from the Forest Glen Metra station.  A Mariano's grocery is couple blocks away. The home is in well regarded Beaubien School district and only steps to Forest Glen Woods for outdoor activities.

The hiking and bike trails along the North Branch of the Chicago River are a welcome amenity of this pocket of Forest Glen.

Bike or cross country ski the trails!
The price of the home dropped from $319,000 to $299,900 in the fall. Our clients moved quickly as this price point for such a large lot would attract much interest. We helped structure the purchase offer among the competing offers with an "escalation clause" and our clients came out on top with a $290,000 offer (without over-paying). Having their lender, attorney and aggressive closing date ready all helped secure the deal.

A big thank you to real estate attorney Patrick Loftus who worked on two relatively complex closings with our clients when selling their vacant land and helping purchase this home subject to court approval.

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