The Chatterati Was Wrong Again As A “Little Piece of Paris” Sells For $790,000: 840 N. Lake Shore Drive
We chattered about this 1-bedroom which was then marketed as a 2-bedroom at 840 N. Lake Shore Drive in the Gold Coast several times.
See our May 2012 chatter here.
Originally listed just above $1 million, the 1800 square foot 1-bedroom was marketed as a “little piece of Paris.”
It was then withdrawn from the market and re-listed as a 2-bedroom (with the dining room, presumably, the area that would be converted into a bedroom.)
The listing also said piping was in place to convert the half bath into a full bath.
Most of you mocked the listing and said you’d rather buy in Trump if you were spending that much on a 1-bedroom.
But lo and behold, the unit recently sold for $790,000.
I can’t tell from the listing if parking was included. It looks like it might be (originally it was $80,000 extra.)
A couple of these luxury 1-bedrooms have sold for over $500,000 in the last few months.
Is the upper bracket recovering faster than the rest of the market?
Kathleen Malone at @Properties had the listing. You can still see the pictures here.
Unit #202: 2 bedrooms, 1.5 baths, 1800 square feet
- I couldn’t find a prior sales price- could still be developer owned
- Was listed in May 2011 for $995,000 (plus $80,000 for 2-car tandem parking)
- Reduced
- Was listed as a 2-bedroom in May 2012 for $899,900 (2-car tandem parking extra)
- Sold in July 2012 for $790,000 (I can’t tell if parking was included- but it looks like it might have been.)
- Assessments of $1501 a month (includes heat, air conditioning, doorman, parking)
- Taxes of $9244
- Central Air
- In-unit washer/dryer
- Bedroom: 13×12
- Living room: 22×19
- Kitchen: 14×13
- Old listing- Dining room: 14×13
- Current listing- Bedroom: 13×14
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Kudos to this owner who had the vision and understood the need to convert this into a two bed…
Kudos to the Realtor who convinced that owner to sell this place for $205k LESS than original asking price!
“I couldn’t find a prior sales price- could still be developer owned”
You’re mentally challenged, Shamalamadingdong.
Yes, the high end luxury market is improving faster than the rest of he market.
The “Chatterati” is comprised of bunch of middle class wannabes who will NEVER understand the high end market – so please don’t even try!!!!!
something tells me you enjoyed this part “The Chatterati Was Wrong Again”
Clio you may not know it yet but with your claimed income & spending habits you’re middle class, too. you just don’t know it because you’ve never been without that paycheck. but you’re much closer to the working class than you are the Gatsby class,.
And you’re an asshole Bob, so what?
Wow girls… pop a Xanax and calm down. Can’t we have a civilized conversation without the hair pulling and scratching?
i don’t know – if you really only need/want 1 bedroom, an 1800 sq ft 1 bedroom is pretty nice. plenty of room to live and entertain. and screw the overnight guests – let them get a hotel room. some famous architect once said “the best overnight guests are the one’s that leave after dinner”.
why does this need to be a 2 bed?
looking through the old comments tryng to figure out which chatterati was wrong
‘The “Chatterati” is comprised of bunch of middle class wannabes…’
Since this is a ‘little piece of Paris’, wouldn’t they be bourgeois?
“Is the upper bracket recovering faster than the rest of the market?”
An attempt to reinflate a bubble equals recovery? Shouldn’t the correction of a bubble be defined as the recovery?
OT to anon: Giant rat spotted in front of 9 W. Washington this morning.
outside atwood cafe hotel?
No, the Walgreen’s/Office Port next door.
I saw the rat in woodstock in front of the panera bread yesterday.
“Since this is a ‘little piece of Paris’, wouldn’t they be bourgeois?”
It’s sans-culottes to you.
“wouldn’t they be bourgeois?”
Petit (or, perhaps, petty) bourgeois, me thinks.
Thanks G; have to pop over there.
“OT to anon: Giant rat spotted in front of 9 W. Washington this morning.”
OT to icarus: This is the archetypal use case for the mail drop auto photo host and post.
‘It’s sans-culottes to you.’
LOL. I’m thinking they closed on this place last Saturday just to make a anti-revolutionary déclaration.
So which CC thread would you post in? Unless Sabrina opens her site up or creates a login account with sufficient rights, there’s little I could do.
“OT to icarus: This is the archetypal use case for the mail drop auto photo host and post.”
“So which CC thread would you post in? Unless Sabrina opens her site up or creates a login account with sufficient rights, there’s little I could do.”
Sorry, you’re right, I think we concluded before that a mail drop is not optimal. Need an application that allows a user to pick a thread (e.g., you could query for the list of threads with recent comments; could also offer a list of featured properties closest to current location, although I realize that’s not trivial). Sorry for the extra cross platform work. I suppose you could offer the interface on a web page, but I’d really prefer a dedicated application. I’d pay at least $2 for an iphone version.
What a strange humblebrag and frankly bizarre way to treat your readers. The seller took a MASSIVE bath (between $200K and $300K depending on the parking thing) yet somehow we were “wrong again.”
“seller took a MASSIVE bath (between $200K and $300K depending on the parking thing)”
What was the previous sale price? I thought it was developer owned. Sounds like the seller didn’t get the sun, moon and stars, but didn’t necessarily take a bath. They sold a 1.5 bath unit two floors above LSD for nearly $800k. Not too shabby.
last sale was 1.25.
correction. that is the redfin number. but it also says it was a part of a multiple prop sale
“bizarre way to treat your readers.”
Especially when Old Hickory *nailed it* in May-11:
“anyway, I’m sure there’s a buyer but I can’t see one at $995K or anywhere close. maybe in the $7s.”
What is funny is all the “urbanphiles” who dissmiss any listing without parking. Aren’t you all supposed to be ‘walking and biking everywhere’? Or riding CTA?
“Oh I never…” can be heard from River North to Lakeview
“I saw the rat in woodstock in front of the panera bread yesterday.” This Panera is basically brand spanking new. I highly doubt there are any rats by it! Not good to spread false rumors!
“Can’t we have a civilized conversation without the hair pulling and scratching?”
Sorry, but disagree with this.
I rather enjoy rolling around in the mud on Cribchatter!
“I rather enjoy rolling around in the mud on Cribchatter!”
Please. We all know you enjoy rolling around anywhere, anytime, mud or no. IYKWIM.
Bwahaha!
Funny you should say that because I was just rolling around on the floor in Zumba class
A tumble in the sheets ain’t bad either
We may be middle class, but you Clio will always be low class.