Under Contract: 1445 N. Wells in Old Town

We chattered about Unit #2 in 1445 N. Wells in January 2008. Old Town, especially on Wells Street, was “hot” last winter.

It has had several price reductions since then. But it’s now under contract.

Maybe things have cooled in Old Town?

1445-n-wells.jpg

Mary Robbins at Baird & Warner has the listing.

The building only has 3 units and the elevator opens privately right into each unit.

1445-n-wells-_2-livingroom-_2.jpg

Unit #2: 2 bedrooms, 2 baths, 1700 square feet

  • Sold in June 2006 for $602,500
  • Originally listed in November 2007 for $699,900
  • Reduced
  • Was listed in January 2008 for $659,900
  • Reduced
  • Currently listed for $624,900
  • Under Contract
  • Assessments of $200 a month
  • Taxes are “New”
  • Listing states one car parking but I don’t know if this is deeded and/or included

11 Responses to “Under Contract: 1445 N. Wells in Old Town”

  1. Streeterville Realtor on July 28th, 2008 at 1:20 pm

    Great location and I love the private elevator opening into the unit. Very unique for this price point.

    0
    0
  2. That elevator is pretty neat.

    0
    0
  3. I love the private elevator, too. Its something you only see on rare high-end properties in NYC mostly. And those go for >1.3MM.

    At this pricepoint its the first I’ve seen of this amenity and it looks nice! Well done.

    0
    0
  4. Elevator is great but it should open into a foyer, not into the middle of the living room!!

    0
    0
  5. I like the elevator opening to the living room. It is no different than a front door.

    0
    0
  6. Bob. NYC may have more of these private elevators, but many older buildings on LSD and newer, high-end condos have them, especially the “boutique” buildings.

    0
    0
  7. I agree with Paul. Elevator should open into a foyer. So should the front door, in response to Looper. Very cool feature, regardless.

    0
    0
  8. I, too, agree with paul. As it is, I wouldn’t want to share the elevator with anyone I don’t know (e.g., neighbors’ guests) as they could walk directly into my house AND I’d have a non-private part of my home, b/c one of my neighbors might be on the elevator when it opened on my floor.

    0
    0
  9. I’m guessing you have to have a key for the elevator to get it to stop on the floor you live on.

    0
    0
  10. “I’m guessing you have to have a key for the elevator to get it to stop on the floor you live on.”

    Yeah, but does that key create a magical field that prevents anyone else who may be on the elevator from stepping off? Or makes it so it doesn’t stop on my (second, say) floor when the upstairs neighbor is already on it and I push the call button? Because that would be one cool elevator key.

    0
    0
  11. What happens if the elevator malfunctions? Are the owners stuck inside their homes or is there also a stairway?

    0
    0

Leave a Reply