Back to the 2004 Price in River North? A 3-Bedroom at 630 N. State
This 3-bedroom at 630 N. State in River North came on the market in May 2018.
630 N. State was built in 2000-2001 and has 171 units and a parking garage.
This is a Northeast corner unit with 2 balconies on the 23rd floor.
It has cherry hardwood floors in the main living areas.
The listing says the configuration is currently being used as a 2 bedroom plus den.
The den doesn’t have a closet but does have a decorative fireplace.
There’s a master suite with a walk-in closet.
The kitchen has white cabinets, stainless steel appliances and granite counter tops along with a breakfast bar.
The unit has the features buyers look for including central air and side-by-side washer/dryer.
Originally listed at $799,500 in May 2018, it has been reduced to $674,500 plus $50,000 for 2 garage parking spaces which is what it last sold for in 2004.
Is this a deal?
Mario Greco at Berkshire Hathaway KoenigRubloff has the listing. See the pictures and floor plan here.
Unit #2301: 3 bedrooms, 2 baths, 1900 square feet
- Sold in February 2001 for $445,000 (doesn’t list the parking as being included)
- Sold in June 2004 for $725,000 (includes 2 parking spots)
- Originally listed in May 2018 for $799,500
- Reduced
- Currently listed at $674,500 (plus $50,000 for 2 garage parking spaces)
- Assessments of $1343 a month (includes heat, a/c, gas, doorman, cable, exercise room, exterior maintenance, lawn care, scavenger and snow removal)
- Taxes of $11,873
- Central Air
- Washer/dryer in the unit
- Decorative fireplace
- Bedroom #1: 18×12
- Bedroom #2: 13×13
- Bedroom #3: 16×11
- Walk-in-closet: 10×9
- Laundry room: 7×4
On one hand, it is a lot of place for the money and I like the layout and dual balconies. On the other hand the low ceilings, lack of a venthood and high assessments would wear on me, and it could use some updating. Could do worse, but far from ideal. I think it will sell soon enough.
What a dull place. Looks like one of those apartments where they put up executives on an out-of-town work assignment. Maybe it’s just the decor.
“1900 square feet”
hahahahaha!
Like 1600, per the floorplan. Can’t get to 1900 even adding in the 150 sf of balconies.
Calculated thus: main rectangle is ~50×24 = 1200. 2d bed rectangle is ~30 x 13 = 390. Call it 1650, all in. Disingenuously add the 150 sf of balcony, 1800 is semi-justifiable.
Writing “NEARLY 2000SQFT” is just goofy.
But it’s “just a number”. So’s the price.
Oh, I figured it out—counting the balconies AND the private storage.
Why not count the the parking spots, too, and call it “nearly 2500 sf”?? Since it’s just a number.
Here’s the condo dec: http://www.630nstate.com/630nstate/document/declaration.pdf
It includes the developer’s floorplans; this unit is a combo of an Astonia studio unit and a Bismarck 2 bed unit. The developer had them stated as combined with 1715 sf. There seems to be a bit of hallway picked up, too, so maybe as much as 1750.
But no way 1900.
the square footage inflation is crazy these days… jeesh
and my god this place looks like a cramped rental… terrible
“the square footage inflation is crazy these days”
MG has been doing it all along. Shameless.
““the square footage inflation is crazy these days”
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MG has been doing it all along. Shameless.”
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Kinda like the neighborhood border inflation r.e. agents have been doing. Like extending Bucktown South of Armitage. Shameless. And doubling Bucktown’s size overnight in the process!
AND THEN TRYING TO DEFEND DOING SO!!!!!! S-H-A-M-E-L-E-S-S.
Aww, c’mom. Anon(Tfo) got a 1 thumbs up rating on one vote and he called a real estate ageent’s actions “shameless.” I note the parallels between footage inflation and boundary inflation and I get 1 thumbs down rating?
FICKLE! I say! This audience is biased and fickle!
“Kinda like the neighborhood border inflation r.e. agents have been doing. Like extending Bucktown South of Armitage.”
Stop it. Bucktown extends to North Avenue. Sorry you are living in 1985. The rest of us live in 2019.
Sorry you are living in 1985. The rest of us live in 2019.
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And other than real estate agents’ greed ( and shamelessness) what changed between 1985 and 2019?
“And other than real estate agents’ greed ( and shamelessness) what changed between 1985 and 2019?”
The neighborhood.
“It includes the developer’s floorplans; this unit is a combo of an Astonia studio unit and a Bismarck 2 bed unit. The developer had them stated as combined with 1715 sf. There seems to be a bit of hallway picked up, too, so maybe as much as 1750.”
I owned this exact combo unit a few floors above. Anon is correct that there was square footage added to the joining of the two units which constituted a nice little square foyer. The resulting unit came out to 1,780 s.f. When I was selling it, the realtor pointed out to me that every other same combo unit that had been on the market had inflated the square footage to 1,900 s.f., so if I listed it with the correct sf of 1,780, there would confusion as to whether there was a difference in my unit to the others. So I was forced to list it also as 1,900 s.f. knowing that this was an inflated figure.
Having said that, I have to say that an inflation from 1,780 sf to 1,900 sf is nowhere near the kind of inflation I have seen in many other listings. In vintage buildings that do not have a builder’s floor plan available for public viewing, I find 25% inflation of size not uncommon. I also find that even in cases were floor plans are available, the realtor will not make them available to potential buyers as it would make it too easy to verify the square footage. I have learned to take a measuring tape with me any time I ever go to view real estate. The result is that at least 75% of the time, I find the room sizes and square footage in the listing has been inflated.