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All Blog Entries by Linda Shaughnessy

Found 55 blog entries published by Linda Shaughnessy.

 

"The worst solitude is to be destitute of sincere friendship" 

                                                        Francis Bacon  

condo

 

The wellbeing of our dear friends and clients is upper-most on our minds, and we are grateful that we can still be connected virtually.  We pray that you will stay safe and healthy as we chart unknown waters                                                                            Linda, Tanya, and Michele 

 

 

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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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1500 N Lake Shore Drive

1500 N Lake Shore Drive is the only Chicago co-op designed by Rosario Candela, the master architect of the most coveted Manhattan co-ops

1500 N Lake Shore Drive Co-op

The Building

Standing 25 stories on the corner of Burton Place and the lakefront, 1500 N Lake Shore Drive houses 57 apartments on full and private floors, as well as several duplexes, with 11-room layouts spanning 6,000 square feet. True to Candela’s design aesthetic that featured terraced setbacks on high floors, 1500’s crown jewel was the 18- room penthouse, often referred to as “the bungalow,” with its own reflecting pool and gardens. However, the two maisonetttes with private entrances on street level, are equally significant considering that one was offered for sale in 2011 for

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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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