Getting Real

Posts in category "Single Family Homes"

Please Buy This House

No, this is not one of our listings (I have a policy of not writing about our own listings) but I want you to buy this house and you need to pay at least $800K for it. Why? Because I’m experiencing a bit of buyer’s remorse this morning. This is EXACTLY the kind of house... Read more »

By Gary Lucido,
April 10, 2012 at 8:26 am

• 4 comments

A Closer Look At The Decline In Chicago Home Prices

In a few hours the Case Shiller home price index for February will be released and it will almost certainly show further significant price declines. I’m saying this because a) I don’t see how prices could have gone up and b) CoreLogic released their February home price data for the Chicago area a while ago... Read more »

By Gary Lucido,
April 25, 2011 at 11:29 pm

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16.4% Below 2004 Price - Another Bucktown Deal Or Not?

Here is another single family home that recently sold in Bucktown for what appears to have been a bargain basement price and this time there doesn’t appear to be any shady dealings going on. Or maybe it wasn’t such a bargain. You tell me. This home at 1932 N Hermitage last sold in January 2004... Read more »

By Gary Lucido,
March 12, 2011 at 11:34 am

• 2 comments

How Could This Bucktown Single Family Home Sell So Cheaply?

I was digging into the single family home market in Bucktown the other day and I came across a couple of recent sales that look like they were great deals. Yeah, that’s past tense. They didn’t last long. In fact, you never even had a chance to buy this first one I’m featuring. Frankly, this... Read more »

By Gary Lucido,
February 28, 2011 at 7:56 am

• 3 comments

Historic Victorian Landmark Mansion Back On The Market: $599,000

Back in early October I wrote about this historic victorian landmark mansion at 2801 S Prairie that was for sale for $599,000. Shortly after that, on October 23, it went under contract for an undisclosed amount. By November 11 it went PENDING, which usually means that all the contingencies have been met and the... Read more »

By Gary Lucido,
December 19, 2010 at 8:13 am

• 1 comment

Will Inflation Bail Out Underwater Homeowners?

Zillow just came out with their third quarter estimate of home values and according to their “Zestimates” about 1/3 of Chicago single family homes are underwater on their mortgages. A few caveats about this data. As I mention, it’s only for single family homes, which are a smaller part of the total housing market... Read more »

By Gary Lucido,
November 10, 2010 at 8:27 am

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Historic Victorian Landmark Mansion Now $599K

I see a lot of homes so it’s not often that I find a home that I get emotional about and can’t tear myself away from. But it happened on Saturday when I had the privilege of touring an historic landmark mansion that is for sale at 2801 S. Prairie in the Douglas neighborhood. It... Read more »

By Gary Lucido,
October 4, 2010 at 11:21 pm

• 6 comments

University Village's Most Expensive Home Closes At 27% Discount

After 893 days on the market, 1446 S Emerald in Chicago’s University Village just closed at $1,225,000 vs. a list price of $1,675,000, which is a 27% discount. I have to believe that this home is currently the most expensive home in University Village because it was the model home and originally listed at $1.7MM... Read more »

By Gary Lucido,
June 27, 2010 at 7:59 am

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Sunday Open House Gem In West Lakeview

First, let me be clear, West Lakeview is not in Lakeview. Just like only part of the South Loop is actually in the Loop. West Lakeview is in North Center. On Sunday I strolled into an open house at 1936 W. Oakdale. I was impressed. Listed by Jill Halpern from Park Place Real Estate Services... Read more »

By Gary Lucido,
March 10, 2010 at 8:13 pm

• 4 comments