Foreclosure Snapped Up in a Split Second: 33 W. Ontario
On March 5, I saw a listing for a foreclosed unit come on the market in Millennium Centre, at 33 W. Ontario, in River North.
This building is one of the leading buildings for foreclosures in the city (along with, among others, The Sterling and River City.)
But before I could blink, it was already snapped up.
Here are the details that I know:
Unit #21B: 2 bedrooms, 2 baths
- Sold in December 2003 for $468,000
- Sold in March 2006 for $620,000
- Listed for $339,900
That’s about a 45% price reduction.
There are lots of different floorplans in that building and some of the two bedrooms are smaller. But the “B” tier seemed to sell for the high $400,000s and the $500,000s for the past few years, so I’m assuming it’s NOT one of the smaller tiers.
There are “deals” out there, if you’re fast enough to act on them.
But fear not, fellow bargain shoppers. There are several others that are short sales so there are plenty of “deals” to go around.
Unit #50D: 2 bedrooms, 2 baths, 1322 square feet
- Sold in November 2004 for $697,500
- Currently listed for $519,000 including the parking
- The listing states: “possible short sale”
- Assessments of $722 a month
- Koenig & Strey has the listing
Or there is this one a few floors above:
Unit #53D: 2 bedrooms, 2 baths, 1322 square feet
- Sold in July 2004 for $663,400
- Currently listed for $549,900 plus $25k for parking
- Listing states: “Deal of the Century! Pull the comps- This is the best deal ever for a high floor in this building”
- Assessments of $677 a month
- Prudential Sourceone Realty has the listing
- The listing states: “Agent owned”
“Deal of the Century! Pull the comps- This is the best deal ever for a high floor in this building”
For $55k more than 3 floors lower? Not even deal of the week!
that’s hardly a deal. its a 2 bed apartmen….er sorry “condo”
Can anybody recommend to me a good place to watch for new foreclosures, like this one, that are on the market?