A Private Rooftop Oasis in the Middle of the Gold Coast: 34 E. Elm
This top floor 2-bedroom vintage unit at 34 E. Elm in the Gold Coast may not appear to be anything special from the street, but behind the building lurks a new rooftop terrace with views of the surrounding buildings and trees.
The listing says the deck is private to the unit.
There is also a new deeded parking space attached with the building (which you can see if you click on the virtual tour if you’re on Redfin.)
The unit has some of its vintage features intact including 10 foot ceilings, a wood burning fireplace, and crown molding.
The kitchen is a custom-built in-eat kitchen with Dacor and Miele appliances and a SubZero refrigerator.
It has central air and a washer/dryer in the unit.
This property seems to be pretty unique with the large deck and even has all the bells and whistles including attached secure parking.
Will buyers pay a premium for the big private deck and quiet Gold Coast location?
Carol Browne has the listing. See the pictures here.
Unit #4: 2 bedrooms, 2 baths, no square footage listed
- Sold in February 1993 for $220,000
- Sold in March 2000 for $400,000
- Sold in July 2001 for $546,000
- Currently listed for $899,000 (includes the parking)
- Assessments of $225 a month
- Taxes of $6233
- Central Air
- Washer/Dryer in the unit
- Bedroom #1: 15×13
- Bedroom #2: 13×10
- Living room: 23×12
- Dining room (is this a combo?): 17×12
- Kitchen: 16×14
- Private rooftop terrace
Can anyone do the math on 1993’s price in 2010 dollars?
also – I believe the link is broken.
You’re looking at about $330k in todays dollars based on CPI inflation.
Here’s the calculator, which is pretty useful:
http://www.measuringworth.com/uscompare/
the link just had a space in it. Here is the corrected link: http://www.bairdwarner.com/07534935
oh, and I love outdoor space.
Link is ok once you delete extra space in it
“Can anyone do the math on 1993’s price in 2010 dollars?”
$332,170, using CPI. Linky to calc is: http://data.bls.gov/cgi-bin/cpicalc.pl
The ’01 price, inflated, is $672k.
But the unit was *clearly* not in its current condition in ’93.
Why is it $350,000 more than in 2001? I know stuff has been done, but is it really worth that much?
The current owners really love them some beige…
Great outdoor space, though.
That kitchen is awful… it has less countertop space than most studio apartments
$900k? Get real
Reminds me of those old Miller High Life commercials where everything on the plate is an unappetizing oatmeal color. Nice potential. Pretty hideous execution. 900k draws chuckles here.
This is a truly beautiful place. Love it and wish I could afford it.
But the kitchen needs help, mainly in the form of a big island to supply missing counter and cabinet space, no big deal.
The roof deck is great.
It might be worth $650K. $900K I rather doubt.
Laura,
RP condos have warped your brain…$650K??? Surely you are kidding?
I see nothing whatsoever wrong with the space…BEAUTIFUL SPACE with awesome location to match. I recall walking down this street with snow on a nice day and it was SO quiet I forgot I was in a high density area.
It has all extras (a 2nd garage would be nice tho) with a lot of the vintage characteristics intact. And that outdoor space alone could command one of the extra $100ks to the price.
I get it about the kitchen, a $50k renovation/relocation of appliances and a usable island are def required…I would salvage as much of the cabs and def would keep appliances, which at this level would save a pretty penny from the small redo.
I too question the pricing strategy esp if I am going to redo the oddly shaped and arranged kitchen so would offer $825,000. and it would probably be accepted. Yes I would do it…beautiful place!!
I dig the cheap assessments.
I am assuming this is on the 3rd floor. Dumb question but is it a walkup?
Most likely a walk-up. I don’t think there is anything over 4 floors on E. Elm. Plus the low assessments indicate there’s no elevator with the accompanying expenses.
I think the place is gorgeous and E. Elm is surprisingly quiet given that Rush/State/Division is just a few blocks away.