Has the Oak Club Kept Its Prestige? A 3-Bedroom Townhouse at 123 W. Oak in the Gold Coast
This 3-bedroom townhouse in the Oak Club at 123 W. Oak in the Gold Coast came on the market in March 2017.
The Oak Club was built in 1995 and has 52 townhouses with an underground parking garage.
Some face the street and some face the inner courtyard.
This townhouse faces the street and has a private entrance.
The listing says it has a new gourmet designed open kitchen with Poggenpohl cabinets, granite counter tops and luxury appliances including a Subzero refrigerator, Miele dishwasher and a Wolf oven.
The master suite is on the second floor, has a walk-in closet and a master bath with double sinks.
According to the listing, all the full baths have been “completely redone.”
The family room is also on the second floor.
The other two bedrooms are on the third floor.
The listing also says there’s a new rooftop deck (but there are no pictures of it in the listing.)
There’s an interesting 2-car garage, with each car having its own private stall with a 6×6 private storage unit in between them. You get the security of the shared underground garage with the privacy of your own garage space so you never have to park next to another car.
The Oak Club has always been considered a luxury townhouse development.
The neighborhood used to be a bit more down on its luck but has grown around this development and is now considered prime Gold Coast.
3-bedroom units, either condos or townhouses, have been hot in 2016 and 2017.
This townhouse was listed in March and has been reduced $24,010 to $1,374,990.
Does Oak Club still have the prestige to command this price?
Chaz Walters at Coldwell Banker has the listing. See the pictures and floor plan here.
Unit C: 3 bedrooms, 3.5 baths, 3200 square feet, 2 car parking
- Sold in October 1996 for $575,000
- Sold in June 2006 for $1,017,000
- Originally listed in March 2017 for $1,399,000
- Reduced
- Currently listed for $1,374,900
- Assessments of $848 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $18,560
- Central Air
- Washer/Dryer
- 2-car separate stalls garage included (see pictures)
- Bedroom #1: 21×11 (second floor)
- Bedroom #2: 13×13 (third floor)
- Bedroom #3: 16×11 (third floor)
- Storage: 6×6 (in garage)
- Family room: 18×20 (second floor)
I like this location a lot. I always wondered what these places looked like inside.
I think the 2006 price is about right.
This place is priced at $400,00 less and has a normal looking garage and a little back yard:
https://www.redfin.com/IL/Chicago/55-W-Goethe-St-60610/unit-1229/home/143506517
It needs a bit of updating in the kitchen, but I dislike the kitchen of the unit featured today anyway. Does it look like they used office furniture in the kitchen of the place on Oak? Also, why aren’t all of the pulls aligned in the same way? Can you fix that without seeing damage on the cabinets?
I’m also tired of agents calling things “prestigious” or “luxurious.” If you have to use either of those two words in a listing, it is likely that neither is accurate.
Place seems nice enough, I don’t like the see through cabinets or the strangely placed crapper between two vanities
Also I have a question, is the back wall shared? so you technically have 3-5 neighbors adjoining you?
big fan of that garage though… niiiice
Assessments seems high for a townhome which does not include.
“This place is priced at $400,00 less”
But, assuming listed square feet are correct, it’s 700 s/f less. That’s about $280k on a price/sf basis. Add in the reno and they’re close.
Nice garage!
I used to live in this neighborhood and waited for the bus every morning at Clark in front of this development while it was being built. I remember thinking how upscale I thought it was and how expensive they were (hey, I was 25). I think they still look pretty good from the outside, and I do think the floorplans are decent (especially if you have an outside unit). But boy, is there a lot of drywall and Home Depot grade finishes inside. Yeah, I know the kitchen is Poggenpohl but it looks 2002 IKEA. I agree somewhere maybe just north of the 2006 price may be about right. Again will be interesting to see how it goes.
“I’m also tired of agents calling things “prestigious” or “luxurious.” If you have to use either of those two words in a listing, it is likely that neither is accurate. ”
— Totally agree. My version is anyone who uses the word “classy” generally isn’t. There are so many better words to convey luxe. Like… luxe (if it really is). But what’s luxe to me may be slumming for someone else.
good point. This would be slumming it for me. lol
“My version is anyone who uses the word “classy” generally isn’t.”
Anyone who uses it *earnestly*. I use it all the time, but never earnestly.
“The neighborhood used to be a bit more down on its luck”
Once Chestnut Station closed, it started getting a lot better. Right on the straight line from Cabrini to BoulMich.
“is the back wall shared?”
Yes. That’s one of the worst things about these–windows only on one side. Others: toilet locations in master and 3d floor; that there are apparently no doors into 3d floor bedrooms; monthly nut.
They’re nice and the location is (now) great.
Except Ogden is a problem. If people buy here to send their kids to some upscale international school, I hope they have enough money to transfer to private tout suite. Parents that know what is going on there transferred out. The merger with Jenner has already pitted parents against each other and if really happens, not good. Ogden has already lost its 1plus designation all on its own bad practices. Add Jenner into the mix, oh no.