3-Bedrooms For Under $600,000 in The Bristol: 57 E. Delaware in the Gold Coast
This 3-bedroom unit in The Bristol, at 57 E. Delaware in the Gold Coast, was recently reduced by $100,000.
The listing says it is a short sale.
The Bristol is a luxury highrise that was built in 2000. It has full service amenities such as an indoor swimming pool and doormen.
This unit has 9 foot ceilings and floor to ceiling windows. It has a north/west view.
It is also currently listed for $147,000 under its 2001 purchase price.
Is this a deal for 3-bedrooms in this location?
Ann Marie De Noble at Continental Real Estate Group has the listing. See the pictures here.
Unit #1505: 3 bedrooms, 2.5 baths, no square footage listed
- Sold in March 2000 for $553,000
- Sold in May 2001 for $745,000 (included the parking)
- Lis pendens foreclosure filed in January 2010
- Originally listed in August 2009
- Withdrawn
- Re-listed in November 2009 for $749,000
- Reduced several times
- Currently listed as a “short sale” for $598,000 (parking is extra)
- Assessments of $860 a month (doorman, cable, pool)
- Taxes of $7650
- Bedroom #1: 17×16
- Bedroom #2: 13×12
- Bedroom #3: 14×12
- Living room: 27×16
- Kitchen: 17×8
Great building in a top-notch location – under $600K, you could do a lot worse than this unit. This seems to be a price designed to generate attention, but I would be surprised if the bank would close at this price.
What happened between 2000 and 2001 that enabled this thing to sell for $192k higher? Did they do work or just make a killing in 14 months?
I’d guess a highly lucrative pre-con flip? This was a highly sought-after building when it went up – it generated substantial interest from people in nearby older buildings like the Hancock, 40 E Delaware, etc.
“What happened between 2000 and 2001 that enabled this thing to sell for $192k higher?”
Bet the 2000 closing was on an *early* pre-con contract. And $745 was prob consistent with the last few units sold near or after completion.
I’d rather live here and drive a new Bentley convertible than that new construction on the EL next to DePaul in lincoln park…
This building has gotten less desirable since 2000 because it’s lost views in almost every direction. Has anyone seen what’s happened to the south views?!!
the north views and east views are still unobstructed. the south and west views suck.
They have a strange idea of “floor to ceiling” windows, with them stopping ~1 foot short of each.
Redfin says:
“This home is flagged as a short sale. We’re sorry, we don’t tour or write offers on short sales because of the slim chance that you’ll get the home.”
sooboo: what about the Elysian? doesn’t that block views to the N?
Nice photos of the pool and terrace. Jagged blown up shots of a tiny web photo?
“Bet the 2000 closing was on an *early* pre-con contract. And $745 was prob consistent with the last few units sold near or after completion.”
I looked at 1bdrs in this building during the original sales process, don’t remember the timeframe exactly but not early. IIRC, the 1bdr were in the low $300K range, so $553K would make sense as an early price.
The views are much worse now.
“what about the Elysian? doesn’t that block views to the N?”
It does. I think that’s the Elysian in the right-side window of the living room shot.
Great building, but this unit’s views looking north are a parking garage… up higher looking north the views are great. The windows may not be full height, but units feel very open and light. The odd corner angle gives units a nice tension.
This is a nice building and that price is a value. But most of the original kitchens have white applicances and a leopard skin looking granite — probably why it’s not shown in the pics. By the way, the Garage in this building has wide, well marked, well lit spaces and is so clean you almost want to live in it!
used to be a johnny rockets here, now a penguine clothes store which is much less useful to tennants. though the tourists sometime line up to get in for some strange reason
johnny rockets is disgusting, don’t know anyone who ever stepped foot in that establishment. but back to the point: unbelieveable price for this condo and location, all things considered (like neighboring hi-rises aka: elysian).