Our Favorite 6000 Square Foot West Town Penthouse Returns: 1715 W. Ohio
Why didn’t anyone tell me that our favorite 6000 square foot West Town penthouse at 1715 W. Ohio had returned to the market?
Back in 2009, we had several fun chatters about this penthouse as it was then listed at $2 million.
See our November 2009 chatter here. (ah- the good ole days)
Some of you thought the list price was crazy and that it wouldn’t sell for anything over $1 million.
Others thought it would sell closer to ask.
The penthouse was reduced to $1.799 million by November 2009 wherein it then went under contract.
Many of those who thought it would sell closer to the ask felt vindicated that it was under contract.
But wait!
It never sold.
The listing was withdrawn.
A few months ago, it returned to the market, reduced to $1.73 million.
If you recall, the unit is no ordinary penthouse.
The 3-bedroom duplex has 14 to 17 foot high ceilings and a private high speed elevator to take you to your unit.
The 30×20 master suite is on the second floor and has a fireplace.
The other two main floor bedrooms aren’t too shabby on space either at 29×21 and 20×13.
The unit also has a 1700 square foot cedar rooftop deck with gas fire pit and views of the city.
The kitchen is “gourmet” with an oversized Brazilian granite island and SubZero and Miele appliances.
With the upper bracket market seeing some life, will 2011 finally see the sale of this penthouse?
And at what price?
Chaz Walters at Coldwell Banker has the listing once again. You can see the pictures here.
Unit #PH: 3 bedrooms, 3.5 baths, 6000 square feet, 2 car garage, duplex
- Sold in August 2004 for $1.2 million
- Was listed in May 2009 for $1,999,000
- Reduced
- Was listed in November 2009 at $1.799 million
- Under contract
- Withdrawn
- Re-listed in May 2011 at $1.73 million
- Currently still listed at $1.73 million
- Assessments are $900 a month
- Taxes aren’t listed (but in the prior listing they were $8000)
- Central Air
- Washer/Dryer in the unit
- 1700 square foot deck
- Bedroom #1: 30×20 (second floor)
- Bedroom #2: 29×21 (main floor)
- Bedroom #3: 20×13 (main floor)
- Media room: 15×16 (main floor)
A floorplan would be useful. I see all sorts of floor to ceiling windows from the outside, but I don’t see many in the interior pictures nor can I get a sense of what is where from the pictures.
While the place is beautiful, why do you need a high speed elevator to go up so few floors, and who is shopping with this kind of money in this neighborhood?
Swwet!
me like. price is high for the hood but that is a sweet pad.
lot to like at first glance.
price will be interesting though…$1.7MM would buy you a lot of great places with views in West Loop/West Town/River West, etc.
such a massive space though…$1.5?
Chaz? Really? Chaz???
cool pad, i’d say 1.5 would be more realistic. Personally I love it.
” (ah- the good ole days)”
yes I shall refer to them as BC or the Before-clio era of CC
Jim, what’s wrong with Chaz? He has done a remarkable job marketing himself and should be given a lot of credit.
“Chaz? Really? Chaz???”
Selling Real Estate Takes Chaz!
Nice place! Maintaining that deck would be a nightmare though.
“clio on August 23rd, 2011 at 11:43 am
Jim, what’s wrong with Chaz? He has done a remarkable job marketing himself and should be given a lot of credit.”
HOT PROPERTY!
Clownbait. No wonder you bit.
$290/sf.
Ummmmm, no.
There are buyers, albeit fewer, who want the high end luxury of this unit wiht the anonymity that accompanies it. Some rich don’t like all of the fuss and obvious weath that comes with a LP, GC or RN address. This is how Tribeca in NY became so popular with the rich….it began as a haven for celebrity and later became the neighborhood for bankers,etc.. Initially, it was the anonymity that drew residents b/c people did not expect these types of residences there.
except the exposed duct which is so out of place, this is very nice. How is the hood?
Those pictures don’t look like 6000 sqf. Pretty awesome place, though.
This would be perfect for the Groupon President or an NBA star. Nouveau Rich folks.
I am going to do an anon style post:
BB it is Nouveau Riche with an “e” .
MM:
Remember, she lived in Antibes–if you know where that is–so I’d just assume a typo.
[also, I really try to only point out the funny typos, when the meaning of the whole thing changes, so don’t blame me]
>>>Bradford on August 23rd, 2011 at 11:58 am
“$290/sf.
Ummmmm, no.”
latest comp in that hood for large luxury: 6bl west (nice block though), built 2007, 6bdrm/4.5ba, 5300 sq ft, full rooftop / garage decks… sold $950k. $180/sq ft.
http://www.redfin.com/IL/Chicago/2340-W-Ohio-St-60612/home/14105274
this place at $180/sq ft is $1080k.
She is a navy wife so she perhaps stayed shortly in Antibes. I am not sure she speaks French. Many English speakers use French words de temps en temps : )
2 years if I recall. Although she didn’t visit l’hypermarché in that time.
“This would be perfect for the Groupon President or an NBA star. Nouveau Rich folks.”
You mean people who don’t masturbate over vintage shitholes?
“muimui – the exposed duct which is so out of place, this is very nice.” I agree but it would cost 100K to bury the ducts in the floors, which then cc’ers would be complaining that this unit really costs too much.
Personally, I think the expense is in details like this which is why I get frustrated when some cc’ers…just compare, location, sq foot, and granite/appliances. At the luxury level, details like this matter…but cost a lot.
I suspect that it is going to be tricky to get an appraisal for this price point. Perhaps that is a contributing factor to the cancelled contract.
Appraisers are easily influenced. Anyone who knows anything about real estate can easily bypass a lousy appraisal.
How do you buy off a bank appraiser that will not “hit the right price”
Good to hear back from you Jennifer. We missed you. Were you on vacation?
Bob 2, you can be harsh (have been on the receiving end…lol) and a bit x rated in your vocab, but I like the way you think : )
Local – Yeah, Tribeca, that’s where John-John lived, right?
Putting it in the repeat, too:
This “SICK” place finally sold for $1,125,000 in Oct-12.