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Real Estate Blog

1870NOrchard

East Lincoln Park Home on a Deep Lot Offers Country Setting 

Located among Lincoln Park’s most expensive homes, 1870 N Orchard offers a tranquil country setting from mature popular trees on a deep and wide yard. Whether enjoying summer cocktails on the terrace, a snow-bound day around the fire, or simply preparing breakfast, the peaceful landscape views from the kitchen and great room will be a welcome reprieve from your busy urban lifestyle. 

The understated elegance of the limestone façade is the theme throughout the 7,319  square-foot home, comprised of five floors accessible via a passenger elevator. There are five bedrooms, six bathrooms, a powder room, six fireplaces, four outdoor spaces, a great room, a media room, a recreation

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 ExpensiveChicagoPenthouses

They evoke visions of luxury and status. Find out why penthouses remain so popular, both in Chicago and across the country.

 Mention the word “penthouse” and you immediately think of prestige and exclusivity. A penthouse is commonly considered the most desirable part of any residential building, both because of its view and because of its unique layout and features. If you’re in the market for a Chicago penthouse -- or one in another in-town luxury market around the country -- it’s important to understand what you can expect and what you should consider

Your Guide to Chicago Penthouses

Life in a luxury building is already great; why choose a penthouse? A penthouse offers many advantages over even the most upgraded units in many residential

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While you are not required to provide a mortgage pre-approval letter in order to make an offer on a property, it vastly improves your chances of having your offer accepted. This is because a pre-approval assures the sellers and their broker that you are serious about buying their home, financially qualified to buy their home, and that there will not be extensive delays to closing since you have already begun the process of working with a lender.

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When you think about buying a new home, you probably think about square footage, fixtures and finishes, along with the right neighborhood or local schools. However, one of the most important things to consider early in the process is your mortgage application. When should you apply for a mortgage

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The term HOA  or Homeowner’s Associate Fee, refers to the monthly fee an owner pays for the use of a condo building's common amenities, including the exercise room, the pool and sun deck, the services of the building's staff, a professional  property management company, if the building has one, water (in Chicago), and, in most cases, the building’s common insurance

HOAfees

However, there is so much variability among condo buildings and townhome communities,  it s recommended that you become familiar with the various HOA fee structures before you begin your property search. Ask your realtor,  what is and isn’t included, so you can accurately determine whether or not a property is within your budget.

Types of HOA Association Fees

Townhome HOA Fees

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Your lender will look at scores from each of the three credit bureaus: Equifax, Experian, and TransUnion. Most lenders will then drop the highest and lowest and use the middle score in making their determination. Your credit score is affected by a number of different factors and plays different roles in different loan scenarios.  

creditscoretobuyahouse

 

How are credit scores calculated?

Credit or FICO scores are based on a combination of the following factors:

  •        Payment History (35%)
  •        Amount of Credit Used (30%)
  •        Age of Credit (15%)
  •        Mix of Credit Types (10%)
  •        New Credit Inquiries (10%)

Credit Scores for All Types of Mortgages

Your credit score is affected by a number of different factors and plays different

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Explore Chicago Luxury Condos with 5-Star Hotel Amenities     

Chicago luxury condos above 5-star hotels offer year-round pampering with state-of-the-art fitness centers and spas, an indoor pool, concierge service, in-room dining, and a fine restaurant just an elevator ride away. 

See Condos for Sale Above the Best Hotels

 

Chicago'sLuxuryCondos

 

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The iconic Michigan Avenue building will be home to 162 luxury condos and five-star amenities

Chicago Tribune Condos for Sale

 Scheduled for occupancy the fourth quarter of 2020, the Tribune Tower Condos are already the talk-of-the-town. First of its kind to offer Chicago’s luxury real estate market the high-end interior finishes and world-class amenities it demands, clad in a 1920s Neo-Gothic exterior dripping with local history. When the Chicago Tribune vacated its headquarters in 2018, the iconic Tribune Tower was bought by Chicago developers Golub & Co and Los Angeles-based CIM Group to be promptly redeveloped into luxury condos worthy of a Gotham City movie set. Units range from $700,000 to more than $7 million for dramatic penthouses. 

 The location at 435 N Michigan

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Where the Most Expensive Chicago Condos are Selling

Year-to-date, more than half of the 46 most expensive Chicago condos that sold over $3 million were in new buildings - Renelle on the River, One Bennett Park, No. 9 Walton, and 4 E Elm. Considering the number of high-profile developments coming to market in Chicago over the next year, the trend will likely continue, putting pressure on sellers of luxury resale condos to either renovate and upgrade before listing, or price aggressively. 

NewLuxuryChicagoCondos

 New construction condos offer lifestyle amenities

Aside from the obvious appeal of everything being brand new, today’s luxury buildings are offering more than beautiful interiors, they’re suggesting a pampered lifestyle, similar to the exceptional

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The Millennial Influence on the Luxury Real Estate Market

 

Millennials Influence on the Luxury Real Estate Market

As we study the country's buying trends, we can't overlook the millennial influence on the luxury real estate market. 

Millennials are categorized as individuals born between the years of 1981-1996. Most are out of college at this point, and many are well established in their careers. Due to a period of economic hardship, many millennials chose to rent for the majority of their 20s, as opposed to securing a loan. As a result, this generation is choosing to bypass the starter home and have set their eyes on something more advanced—the luxury home.

Bloomburg reported that in 2017, 23% of a luxury home building company’s customers were under the age of 35. As millennials grow older,

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Top Chicago Neighborhoods Ready for More Luxury Condos

 Chicago Luxury Condos

Luxury homebuyers are experienced when it comes to navigating the real estate market, and they know what to look for. The current projects listed here offer the newest—and therefore most polished—amenities and designs on the market. Read on to learn about our picks for some of the most exciting new condo developments in Chicago.

Three Sixty West

There are many attractive River North luxury apartments and condos on the market, with Three Sixty West being one of the most exciting new options. With these homes, you aren’t merely looking at the future—you’re living in it. The building features 38 homes that use open floor plans to maximize the space. Large rooms are enhanced with natural

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