Archive for Buying a Home
“Summer in the City”
Posted by: | CommentsSpring is finally officially here! Every year as soon as I see Buckingham Fountain has been turned on I know it is official, the reason I put up with the harsh winters – ”summer in the city”. I honestly feel that Chicago ids the best city to be in during the summer. The festivals, the beautiful lake, the boats, the outdoor restaurants all make the long cold winters worthwhile. If you are lucky enough to live close enough to walk to the lake, or ride your bike you will discover a whole different city that you cannot see from your car. I was surprised to see one of my favorite restaurants, Friendship Restaurant, opened a new location right on the bike path. We love this city! If you or anyone you know is your thinking of moving to a downtown chicago condo, give us a call. We would love to show you around!
Some photos I took while riding my bike today…
A Perfect #10 in the West Loop!
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No. 10 Lofts
Urban Courtyard Lofts with Terra Cotta appointed brick façade No. 10 lofts is located at 1040 W. Adams between Morgan St. and Aberdeen Ave
The West Loop has an abundance of timber lofts. This neighborhood should be your 1st choice if you are passionate about loft living. Since there was so much industry and manufacturing in this area, there are now many choices for loft living.
You will pretty much find all of the usual suspects at No. 10 lofts, high ceilings, timber beams or concrete columns, sandblasted exposed brick, stainless steel or black appliances, oak hardwood flooring, gas fireplaces, balconies and in some cases private patios, in-unit laundry, party room and garage parking.
But No. 10 Lofts doesn’t stop there, they offers some pretty amazing extra amenities. Starting with an elegant lobby, they also feature a yoga and pilates studio, private big screen DVD theater, party room with full kitchen, pool table, fitness center with state of the art equipment, 24 hour doorman and a business center.
You also get ample square footage in this building, the one bedroom homes start at 840 o 1250 sq. ft., two bedrooms range from 1200- 1500 sq. ft. and 3 bedrooms 1380 – 1840 sq. ft.
There are 259 homes in the building and currently 21 are for sale, 11 one bedrooms, 9 two bedrooms and 1 three bedroom. Priced from $237k – $425k. For more info on sales and rentals available in the building go to:
http://www.no10lofts.chicagoloftsandcondos.com
Even in this challenging real estate market the sales have remained strong at 1040 W. Adams, with 9 units being sold in the last 6 months alone & 20 in the last 12 months.
The market times ranged from 18 days to 305 days with the average days on market at 165. With most buildings in the West Loop have minimum market times of 6 month’s, No. 10 lofts is selling faster than the average of other buildings in the West Loop.
Ideally located for anyone working in the loop, on a nice day you can walk the 10 minutes to downtown or catch a bus right outside your door. Union and Metra stations are 5 minutes away. You are also only 3 blocks from hopping on the Eisenhower, Dan Ryan or Kennedy Expressway.
The T&C Real Estate Team
Staging for The WOW Factor
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This is a great video about how staging can make your home stand out to buyers.
Rates Going Up?
Posted by: | Comments There are only 2 months left to go (i.e., February and March) in the Fed’s program to purchase $1.25 trillion of the mortgage backed securities. The program originally started with Fed purchases in March 2009 will stop by the end of next month. Eric Rosengren, the president of the Federal Reserve Bank of Boston, predicted last month that mortgage interest rates will rise by as much as 0.75% when the purchase program ends. (source: Federal Reserve)
·Fannie Mae Mortgage backed securities are down 28 basis points on the day, leading towards higher interest rates for today and tomorrow
·15 year fixed interest rates are now as low as 4.500% with -0- points, while 20 and 30 year fixed interest rates are as low as 5.000% and 5.125% respectively.
·5/1 and 7/1 ARM rates are still very attractive and are now as low as 4.000% with -0- points and 4.375% with -0- points respectively.
·Interest rates for jumbo loan programs remain very attractive at 4.000% for a 5/1 ARM, 4.375% for a 7/1 ARM, and 5.250% for a 10/1
ARM, all with -0- points.
New Listing 500 S. Clinton Chicago, Il 60607
Posted by: | CommentsBright, open east facing corner 2 Bedroom/2 Bath home at Clinton Complex. Both bedrooms are fully enclosed & have windows! Beautiful diagonal hardwood floors, Uba Tuba Granite in kitchen, 42″ cabinets, marble master bath, track lighting, 10′6″ ceilings, fireplace in living room, balcony & in unit washer/dryer. 1 block to union station, station/blue line. FHA approved. Full amenity building with a 24 hour doorman.
More Info: www.500sclinton604.com
$290,000 including gated secured parking
Call 312-296-9300 for a showing
Visit our website:www.getanewhome.net
To view all properties fro sale at this location click here
Featured Chicago Open Houses
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Haberdasher Square Lofts
Open House: Sunday, August 16
Time: 12 – 2pm
Address: Haberdasher Square Lofts
Neighborhood: Loop/West Loop
728 W. Jackson Blvd. Units 610 & 823
#610 1 Bedroom/1 bath Concrete Loft $249,900 (Assts. $281 and include Heat/Air)
Urban living at it’s finest. Beautiful 1 bedroom concrete loft in the west loop. Completely remodeled kitchen with granite counters, stainless steel appliances and custom stone back splash. Unique original maple floors, fireplace, 12′ concrete ceilings, full size side by side washer/dryer, large bathroom w/linen closet, must see! Garage parking options available in building. FHA Spot Approval Available. View Photos
#823 2Bedroom/2bath Timber Loft $324,000 (Assts. $480 and include Heat/Air)
Top floor, Penthouse level Timber Loft with both bedrooms fully enclosed! Master Suite w/huge walk-in closet, Split bedroom floor plan, in-unit laundry, Island Kitchen, 11 ft. ceilings, hardwood floors, gas fireplace, North exposure for beautiful city skyline views. Full amenity building. Parking available $32K. All this in a true walk to work location. View Photos
Chicago Loop, 5 Minutes from the Financial District, Union Station & all Chicago’s major Law Firms.
The Expanded First-Time Home Buyer Tax Credit: 10 Common Questions (and Answers)
Posted by: | CommentsTax Credit Can Be Used on Closing Costs
Posted by: | CommentsThis is a great article on the $8000 Tax Credit to buy your home:
http://www.realtor.org/RMODaily.nsf/pages/News2009052901?OpenDocument
Great Article from Sam Zell on the Housing Market
Posted by: | Commentshttp://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=34086
Huge New York Style True Concrete Loft $479,900
Posted by: | Comments[youtube=http://www.youtube.com/watch?v=Q2QvlNXCGzs]
To view all homes available at 728 W. Jackson Blvd. Chicago, Il 60661 please click here
For more information about Haberdasher Square Lofts, please contact Christine Hancock or Tim Duquette at 312-296-9300 or chancock@rubloff.com.
