Selling for a Loss at 600 N. Kingsbury
I last chattered about Park Place at 600 N. Kingsbury in River North in January.
At the time, two sellers were aggressively marketing their two bedroom units including one that said “bring all offers.”
One sold.
The other is still on the market. It has been reduced again.
Unit #1410: 2 bedroom, 2 bath, 1200 square feet
- Sold in September 2006 for $415,000
- Was listed in January 2008 for $380,000 plus $30,000 for parking
- Currently listed for $358,000 plus $30,000 for parking
- Assessment of $552 a month
- Coldwell Banker has the listing
This listing said to “Bring all offers!” and apparently the seller was serious.
Unit #1712: 2 bedroom, 2 bath, 1025 square feet
- Sold in May 2004 for $354,500
- Was listed in January 2008 for $379,000 including the parking
- Assessment of $486 a month
- It sold in February 2008 for $353,000
Actually this looks not bad at all. What’s the floor plan like? How’s the building? Does anyone know? Comments on view, location, building?
Exposure is key. I really want to have the highway feeder ramps just below me on the south side…
Beware of the special assessment!
i haven’t been in the building. The finishes seem okay but these units look TINY. I am not believing that the pictured unit actually contains 1,200 SF. Isn’t there someone named Laura who has magical room dimension powers?
I once rented a one-bedroom apartment that contained 1,000 SF (i measured myself) and all of the rooms were decent sized, unlike this unit where there is no room for actual furniture.
The whole living-dining-kitchen combo looks to be about 20’X15′. That’s 300 sq ft. Then you have the beds, which I can’t guess at because no photo is provided. So, to fill out the space, you’d need ample bedrooms with walk-in closets, and lots of other closets, and a big bath, because a typical bedroom is about 150 sq ft.
All I can say is that closets and bathrooms must now be included in calculations of square footage, because I can’t see how else some developers can claim the spaces they have. These spaces were never included in such calculations before, but perhaps it is only right to include them, since the amount of closet space you have and the size of the bath both make a material difference in the level of comfort and livability a place has. I’d rather have a one bed with ample closets than a two bed with closets just big enough to hang 3 dresses in.
They’ve made the place look very good. The great-looking wall unit helps, and so do the colors and furnishings.
Yeah – it is furnished nicely.
I think square footage should include all interior space, including halls, walls, closets, etc. Exterior walls should not be included.
the building is decent, imo. the units are generally small and the crud from the Ontario Street entrance ramp (I-94) makes the balconies facing it very dirty all the time. Also, the parking is NOT heated…very dirty air in there as it actually is right up to the entrance ramp.
Laura:
Look at the prior post–there are pics of a bedroom (prob 9×13 or 14) and a bath (maybe 100 sq ft)–they are NOT large. So, unless there’s a 75′ hallway someplace, or a closet the size of a small garage, 1200 sq ft has to involve some serious rounding-up.
Everything inside (baths, closets, pantries, etc.; NOT balconies) should get counted b/c that makes it easier to compare units w/o actually being inside them–sure, you need to figure out if the rooms are large or small, but as Laura notes, not all 1000 sq ft apartments (excluding baths, closets, etc.) are really the same.
Yes, anon, you must be correct. I hope it has great closets. If so, they should be displayed in the photos so people can see.
Really large walk-in closets make up for a lot, because you are spared buying clutzy storage furniture and lots of clutter in your rooms. You can also use one for an office nook.
John,
So what would you have to say about a building you didn’t like? Because you’re so generous in singing the praises of this “decent” building 🙂
Which unit is available?