Monthly ArchiveAugust 2010
August 24, 2010 - Fresh produce and Chicago condos may not be two things you usually think of together, but next weekend you can shop for both if you like. According to a recent press release, Trump Tower is hosting a farmer’s market on the rooftop of the high-rise September 2nd from 7am to 11am. The Sixteen restaurant, on floor 16 of course, is serving brunch and is the organizer for the farmer’s market.
The restaurant has been serving themed meals and this week is Prairie Produce week according to the press release. The produce used to create the meals this week will be vegetables, fruits, cheese and meats grown on nearby Chicago farms. Representatives from those farms will be the vendors at the farmer’s market. The public is invited so you will be able to enjoy the market even if you don’t attend the brunch.
The 92 story Trump Tower also made news not long ago by being named the number one large city hotel in the United States and Canada for 2010 by Travel and Leisure Magazine. According to a Crain’s article, this ‘best of’ award is the first time the Chicago real estate project has been ranked by the magazine.
And while you’re sampling cheese or buying fresh corn, remember that there is still a good selection of Chicago condos for sale
in this tower both from the developer and investors..
August 23, 2010 - Once again Chcago real estate developer Draper & Kramer are advertising the recent price cuts that they implemented on the last unsold Chicago condos at Lake Park Crescent. A Tribune profile states that the reductions at this Chicago real estate development reach as high as 40% off original list prices.
The sales manager for Lake Park Crescent is Robbi Davis who was quoted in the article as saying that, “You can now buy a three-bedroom CityHome for as little as $289,800, down from up to $498,000.”
There are 68 total Chicago condos and row homes at this development which is located on 4060 South Oakenwalk Avenue. Prices on the remaining unsold two and three bedroom with den residences are now listed from $369,800. The previous prices were as high as $613,000. These units also come with a sky terrace that is almost 400 square feet. There are only two one bedroom condos left and those are priced from $169,800.
The remaining four bedroom row homes come with a family room and are priced from $479,800 which is considerably less than the old price of about $786,000.
Parking is included with most units. Condos get one indoor space and outdoor space with the row homes come with a two car garage. All of the units also have either a deck, terrace or private yard.
If you qualify for an FHA mortgage, your down payment could be as low as $1,000 because of the Partnership for New Communities grant that is still available.
Unit features include granite counter tops and stainless steel appliances in the kitchens, hardwood floors in the common areas and carpeted bedrooms plus marble vanity tops and floors in the baths.
You can check out the Lake Park Crescent sales center on Mondays, Saturdays or Sundays from 12pm to 4pm. You might want to visit a few more sales centers at developments with new Chicago condos for sale just to compare perks and prices.
August 16, 2010 - “Buy Lennar, buy now.” That is the latest sales pitch that the Chicago real estate developer is using to advertise price cuts at Library Tower. Lennar had been offering a free washer and dryer plus some cash back at closing for a limited time, with the sale ending in late July. But even though they’ve pulled the plug on the washer and dryer, buyers can still get cash in on their current incentives.
Right now buyers can get either 4.25% (4.87% APR) financing through Lennar’s prefered lender, Universal Mortgage Company or closing costs included up to $5,000. Library Tower, located on 520 South State Street, is also FHA approved, so keep that in mind as well.
There are only a limited number of Chicago condos left for sale from the developer at Library Tower. Prices on the remaining one bedroom condos start at $259,990. There were only three of the one bedroom units available. The two units left with two bedrooms start at $339,990. The last three bedroom condos are priced from $499,990.
Common building amenities at the 18 story tower include a 24 hour doorman, rooftop sun deck, fitness center, party room, theater room, business center, bike storage room and private resident park.
Buyers in the market for Chicago condos should check the Chicago real estate listings daily for updates about price reductions and developer incentives.