Did the Price of this Silver Tower 3-Bedroom Double in 6 Years? 303 W. Ohio in River North

303 w ohio approved

This 3-bedroom duplex in the Silver Tower at 303 W. Ohio in River North just came on the market.

It is on the 12th floor which has some unique features for the building including 13 foot ceilings on the main level of this unit and a 900 square foot lighted and covered terrace with a 30 foot high ceiling and city views.

The outdoor furniture, Weber grill and outdoor television are included in the sale.

There’s also a deeded storage corridor on that level.

The main floor of this unit includes the living/dining room and kitchen along with 2 of the 3 bedrooms.

The master bedroom is on the second floor.

The unit has a smart home upgraded thermostat and Bluetooth lighting system.

The kitchen has dark wood cabinets, granite counter tops and stainless steel appliances.

There’s central air, washer/dryer in the unit and 2 side-by-side deeded parking spaces are available for $70,000.

If you include the parking, this unit is listed for $1,469,999 which is more than double the 2010 purchase price of $720,500, which did include the parking.

It’s also listed for $654,999 more than the 2014 sale- which was just 19 months ago- and also included both parking spaces.

Is a doubling of prices in 6 years the new reality facing buyers in River North?

Will the sellers get the premium?

Weston Harding at X PWS Real Estate has the listing. See the pictures here.

Unit #1201: 3 bedrooms, 2.5 baths, 1800 square feet, duplex

  • Sold in January 2010 for $720,500 (included 2 parking spaces)
  • Sold in July 2014 for $815,000 (included 2 parking spaces)
  • Currently listed for $1,399,999 (2 parking spaces are $70,000 extra) = $1,469,999
  • Assessments of $927 a month (includes doorman, cable, exercise room, lawn care, scavenger, snow removal)
  • Taxes of $8890
  • Central Air
  • Washer/Dryer in the unit
  • Outdoor furniture, Weber grill and outdoor television included in sale
  • Bedroom #1: 13×16 (second floor)
  • Bedroom #2: 12×10 (main level)
  • Bedroom #3: 9×9 (main level)
  • Covered terrace: 22×23

 

 

25 Responses to “Did the Price of this Silver Tower 3-Bedroom Double in 6 Years? 303 W. Ohio in River North”

  1. RIDICULOUS! GOOD LUCK!

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    Rating: +12 (from 14 votes)
  2. Unit looks pretty basic as it relates to materials, and tight when it comes to living space. The only opulent things about it are the location and large terrace, which probably sees less year-round action.

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    Rating: +1 (from 3 votes)
  3. Hmmm “Too many upgrades to mention.” Looking at the 2014 listing (https://www.redfin.com/IL/Chicago/303-W-Ohio-St-60654/unit-1201/home/21490489/mred-08592363) I don’t see any changes except staining the floors darker. Greedy much?

    BTW, the choice of furniture and the custom paint, despite being an improvement over the last ones, is abysmal. It makes the place look dark and small. If you want to get 50% return at least try some professional staging. Although I still doubt that it would work.

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    Rating: +9 (from 13 votes)
  4. They call it a “pocket listing” in the MLS description. How’s that going to work when it sits a while due to the price…

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    Rating: +6 (from 8 votes)
  5. Wow, I just did the math-in an era defined by whimsical, greedy, pie in the sky pricing, this one may set the standard.

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    Rating: +8 (from 12 votes)
  6. The Outdoor area is the bomb but not worth the ask

    Not sure why they are wasing 2 pics on the common outdoor area where the Plebe’s hang

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    Rating: +5 (from 7 votes)
  7. Wow. This place is terrible. The only redeeming quality is the outdoor space.

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    Rating: +7 (from 9 votes)
  8. If there’s even been a time in my life where the trite phrase “buy now or be priced out forever” has been more appropriate or true.

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    Rating: 0 (from 6 votes)
  9. Yeah I think that $5k in patio gear definitely justifies the price increase… LOL!

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    Rating: +2 (from 6 votes)
  10. Luis_Carruthers on April 26th, 2016 at 10:56 am

    I’m as big of a sucker as there is for a nice terrace/outdoor space. However, this is worth nowhere close to $1.4mm.

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    Rating: +4 (from 6 votes)
  11. This just might be the listing of the year… It tells a lot about how far we have come in this market (or fallen, depending on your perspective).

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    Rating: +2 (from 4 votes)
  12. This just might be the listing of the year… It tells a lot about how far we have come in this market (or fallen, depending on your perspective).

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    Rating: +2 (from 6 votes)
  13. The blurry photo looking south from the balcony is the best part of this listing.

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    Rating: +6 (from 8 votes)
  14. or maybe it is looking east or west. Regardless. It’s blurry.

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    Rating: +4 (from 6 votes)
  15. PARKING NOT INCLUDED LOL!!!

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    Rating: +12 (from 14 votes)
  16. Terrace is awesome but that kitchen is embarrassing for a place listed at this price.

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    Rating: +3 (from 5 votes)
  17. The whole kitchen / living / dining area is embarrassing for a unit listed at this price!! It looked nicer with the lighter stain on the floors and white walls. As someone pointed out, the paint job and floor stain serve only to show how small this place is.

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    Rating: +4 (from 6 votes)
  18. I know that commenting on personal effects is verboten here so I will try to keep this very generalized: I really believe family photos should be removed before the photo shoot. If the current owner wants, they can re-hang them after after however they should also come down before showings. I think it prevents people from seeing themselves in the space and there are other potential issues with it.

    Also, part of me thinks the listing agent fat-fingered something and this price is a mistake that will be corrected tomorrow 😉

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    Rating: +3 (from 7 votes)
  19. So if it’s a pocket listing why is in MLS?

    And Sonies you gotta get to the patio furniture sore. That stuff, outdoor tv, and high end Weber are way more than $5k but surely not $500k.

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    Rating: +1 (from 3 votes)
  20. “patio furniture store” sounds like a great place to get ripped off

    fine maybe not 5k but 10k MAX

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    Rating: 0 (from 0 votes)
  21. “That stuff, outdoor tv, and high end Weber are way more than $5k”

    But it’s used–I’ll give you $1,500 for it, if you deliver it. $1,000 and I’ll pick it up. Which is why they’re throwing it in.

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    Rating: +1 (from 1 vote)
  22. This place is depressing, especially the 2nd and 3rd bedrooms

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    Rating: +1 (from 1 vote)
  23. I don’t see why somebody with kids would buy this unit. A toddler could crawl over to the gigantic planter on the terrace and just launch themselves over the edge. How tall is the barrier? It doesn’t seem very tall at all.

    I’m also laughing at the pic of the thermostat. My place is worth less than half of what this place is listed for, and I can’t picture posting a pic of the thermostat/bluetooth-enabled light switch thingy.

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    Rating: +1 (from 1 vote)
  24. You wouldn’t want your toddler crawling around on this anyway, I can’t even imagine how dirty it gets with the el tracks literally right below the terrace. I used to live right across the way and we’d get that horrible soot/rail dust way inside the parking garage

    And then there’s the noise, the el comes flying through this part, I can’t imagine how loud it is since there’s a ceiling above and would reflect the sound right back at ya

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    Rating: +1 (from 1 vote)
  25. On it’s surface this seems like a pie in the sky listing. But you never know if someone will pull the trigger and buy this property for 1.4M. Some people just get house horny and they gotta have it. There are some house listings and I think “who the hell would buy a house at the 1900 block of North Monticello” and yet there are a lot of brand new homes being built between Central Park and Pulaski and North Avenue and Palmer which is 2200 North. The houses are being listed for 400K to 600K and yes Virginia, people are buying in that hood. Because buyers think this is going to be the next hot neighborhood because of the 606 trail.

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    Rating: -3 (from 3 votes)

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