Thursday, January 08, 2009

Off Market Property: Margate Park Three Bedroom Townhouse by the Lake

I have a client selling a three bedroom, two and one-half bath townhouse at 860 W Lakeside in Margate Park, Chicago. Located steps from the lake and minutes from the CTA Red Line in Uptown.

Asking $339,900.
It includes a garage parking space and a parking pad space. There is a true family room and huge utility room as well. Great place to start a family. Click below for more information.




This property is not listed on the MLS. Call or email for an appointment.

River North Views from 330 W Grand: The Grand Orleans



Views from the 19th floor of the Grand Orleans in River North. I was checking out this potential listing and realized what it's all about here. Imagine this at night.

The "07" tier affords you this vantage point.

Tuesday, January 06, 2009

Charm Intact on Lincoln Park Block




Although racing around Lincoln Park with my clients to view open houses last Sunday, I did manage to snap this photo. It struck me to see almost an entire city block just north of Armitage on North Sheffield without a crappy recent construction building stuck in the middle. These are all old school.

We viewed a two bedroom, one bath condo with garage parking at 2019 N Sheffield, Chicago IL 60614. All yours for $379,900. Wonderful block near retail, restaurants and the CTA Brown Line just east on Armitage.

Shopping Condos in Lincoln Park II: Style and Amenities for $385,000

Coffee talk... black toilets.


Talk amongst yourselves...






These toilets are included in another two bed, two bath and one half bath duplex with parking for $385K. Sounds like a good price.


Tennis anyone?




You could miss-hit right into the CTA Brown Line train.


Shopping Condos in Lincoln Park

This was a first for me.




Honest to God. The whole kitchen had em' in this Lincoln Park two bedroom, two and one-half bath duplex-up condo. Great space; not so great "spoon and fork" cabinet pulls.

Sunday, January 04, 2009

Ravenswood Chicago Good for Art and Eats at Angel Food Bakery

From the photos I didn't get to last year...


Public art outside of Angel Food Bakery at Montrose and Paulina in Ravenswood. The cafe has a good breakfast and brunch too in their small, but lively dining area.


I'll be highlighting more local businesses this year in and around Ravenswood, Lincoln Square and Andersonville. If you are a local business owner and read this blog, please contact me for a feature (if I like you). You'll get great Internet search results!!

www.YoChicago.com on Chicago Condo Market Decline

A rather sharp and to the point Chicago condo market analysis and the comments that follow are the stuff people here should be reading and evaluating... not a three minute story on Miami condos by ABC's abysmal Nightline program (bring back Ted Koppel).

Read the post, and many more, here.

A Chicago Contractor You Can Trust: Artistic Construction




One of the more important parts of my career is retaining excellent service referrals for my clients. I get to work with these folks on a regular basis and refer them to my clients with confidence. This year I plan on featuring them more on my blog.

I've been working with Jonathan Hill, owner Artistic Construction, for over 4 years. He offers remodeling, renovation and maintenance services... from two flat conversions to a single family home to a kitchen or bath remodel. He has a great eye for design and materials and will consult in your planning... a HUGE plus!


Jonathan and his company also do sale preparation for my listings in need of some help. I've personally hired his company for my condo buildings, my own homes and he has worked for many of my clients. If you have a remodeling job in the city and surrounding suburbs and need a contractor with integrity and reasonable prices, please email artisticconstruction@gmail.com or call Jonathan at 773.642.7836


Artistic Construction helps me prep my single family homes and condos for sale. Here's a bath that needed some life. They replaced the mirror and medicine cabinet, added a new light fixture, removed the old glass and metal siding door, reglazed the tub, fixed up the tile and painted. The owner didn't want to sell after this!




After:

Saturday, January 03, 2009

Chicago, National and International Relocation Services


One aspect of my real estate business I will pay more attention to this year is relocation. One of the benefits of working with Rubloff is we provide a turn-key relocation department for my clients and associates... no matter where they live and where they are moving.


Naturally, I'll work with someone moving to Chicago. However, for clients moving out of Chicago and for clients, friends and associates moving from entirely different locations (say California to New York), we can provide the right people in each location to help sell a current property and represent them on a new purchase. We are confident in the network of professionals, Leading Real Estate Companies of the World, because agents and brokerages have to meet regular standards to work with referral clients.



If you are moving from and to almost anywhwere and need relocation advice and services, please email or call my contact information in the right-hand side bar.

Mortgages: 4.5% Interest Rate in Chicago?

Guest blogger Brian Cumpton, Loan officer with Wells Fargo RWF Home Mortgage, sent me this synopsis early last week of the reality of the 4.5% interest rate for mortgage financing.





My Loan Toolbox information service provided me a great piece for where Mortgage Rates are going – which they have trended downward here in Chicago the past few weeks. Below is a snap shot of what is going on provided by Loan Toolbox:

"While the mortgage market continues to generate a lot of chatter in both the media and in Washington, interest rates are currently near or at all-time lows here in Chicago. Lately there has been talk about the 4.5% 30-year fixed rate mortgage. Will it become a reality though? Right now, no one really knows. Homeowners who could benefit from a lower interest rate need to know that even if 4.5% becomes a reality from Washington's actions, it would only be available to home buyers, not homeowners seeking to better their rate. If you need to refinance, you will be left out."

"You also may have heard about Hope for Homeowners, which is a program approved by legislators to help distressed homeowners. However, regardless of its best intentions, the program has not been embraced by investors, and it is not available to many it could help. The bottom line is, the Fed announced recently that they are going to buy up to $600 billion in mortgage-backed securities. This has already driven rates to historical lows. In January, the SEC is meeting and information may be released that could have a significant bearing on rates, potentially for the worse."

"Waiting to obtain the best rate is only possible for those with loan applications already in process. Interest rates are incredibly volatile and fluctuations that used to take months are now occurring in just days or even hours. If you don't have an application in process, you could lose out. We are already seeing lender backlog due to low interest rates. In 2003, with rates at these same low levels, we saw some lenders taking up to 90 days to close a loan. Home loan rates are currently in the mid- to low-5% range. Home values are currently at 2003-2004 levels, coming down significantly from their high point. "

With low rates, low prices and a first time home buyer tax credit of up to $7,500 from the federal government the conditions can be favorable and affordable to purchase a home.