Full Floor With 360 Degree Views of the Lake Still on the Market in the Gold Coast: 1555 N. Astor
We last chattered about this 4-bedroom at 1555 N. Astor in the Gold Coast in January 2012.
See our prior chatter here.
The unit was apparently two units that were combined so now it’s a full floor unit with 360 degree views of the lake and city skyline.
The discussion centered around the low taxes, which at that time were apparently only for one of the units. That appears to have been rectified in the new listing because the taxes are nearly double.
At 6,000 square feet it has updated modern finishes in the kitchen and baths, including stainless steel kitchen counter tops.
The building was constructed in 1974 and has an indoor pool and an outdoor tennis court.
There is no deeded parking but there is unlimited fee parking and free guest parking.
The unit has an in-unit washer/dryer but there is no central air- only wall units.
It has reduced $950,000 to $4.45 million.
Will the upper bracket having its best year since the Recession, will this unit sell in 2013?
Jennifer Ames at Coldwell Banker now has the listing. See the pictures here.
Unit #41EW: 4 bedrooms, 4 baths, 2 half baths, 6000 square feet
- Sold in December 2004 for $5.325 million
- Was listed in January 2012 for $5.4 million
- Reduced
- Currently listed at $4.45 million
- Assessments of $4619 a month (includes doorman, cable, pool, tennis courts)
- Taxes of $18,688
- No central air- wall units
- In-unit washer/dryer
- Unlimited fee parking
- Free guest parking
- Bedroom #1: 21×15
- Bedroom #2: 12×12
- Bedroom #3: 21×12
- Bedroom #4: 12×12
- Family room: 27×17
An even $5mm sounds about right.
Lovely, wish I could afford something like this, but probably not likely in my lifetime unless I get real lucky or something
Ze, no like.
6,000 sq ft and yet all the areas, with the exception of the bathroom, feels compressed. at $5 their are no shortage of MUCH better options. I’d be in and out the door on this one.
Take your 4.5 million and buy an amazing remodeled mansion on Bellevue or Cedar. Then hire a live-in(basement apartment or coach house) maintenance man/package receiver/security. After that, stroll your butt to equinox gym at 900 n Michigan, join, and you would still be cheaper than this place. I know some people love condo living but when your assessment is this much(such a high floor and 6k square feet) you’re basically funding other people’s condo experience
I’m a “view” person, so this is a dream unit for me. I’ve seldom seen better views in any condo. The current price doesn’t seem too high.
i’m with Dan.
you’d be hard pressed to find better N/S/E/W views of the city from any one apartment.
and i find ~40th floor to be the perfect height for city views.
dream place for me.
jmho
“An even $5mm sounds about right.”
So you think it’ll sell for more than $500k over asking? More likely an even $4mm at the current asking price.
It is a neat place, but seems like a lot of open space that would be tough to fill (for instance a 46′ long kitchen?!?) and then one of the bedrooms in this 4/5 bedroom place with 6,000 sq. ft. is only 9’x11′ according to the floor plan. Kinda odd. Pretty nice though….
“you’d be hard pressed to find better N/S/E/W views of the city from any one apartment”
I looked into renting a studio/convertible at eugenie terrace once. Had pretty much the same views (minus the W view).
Based on the dimensions in the floorplan, it appears to be about 70×70, but google earth it looks to be closer to 80×80. So the rrom sizes are probably a bit conservative.
Do elevator shafts and the fire stairs count as part of your square footage?
“Do elevator shafts and the fire stairs count as part of your square footage?”
Sure, some agents even count them double! Not Amesy, though.
Sabrina, the “Currently listed for” still has the previous price. In any event, yes, I think it’s worth upwards of $5mm (and, yeah, blah blah, if it were, it would of sold, blah). If someone can close it at $4mm, I’d say they’re getting one of the better deals on a highrise, full service unit in this city. Ze, I’d be curious to see all of those other listings you feel would trump this unit’s combo of size/views/location.
“Do elevator shafts and the fire stairs count as part of your square footage?”
Sure, why not! Its just a number! And you at least use them unlike most basement spaces
“Ze, I’d be curious to see all of those other listings you feel would trump this unit’s combo of size/views/location.”
Size on paper = awesome
Views = For Chicago excellent! I agree with ol’ Hickory.. 40th floor is PERFECT height. When you get too high views of everyones rooftops, I kinda think suck.
Location = 4 out of 5 stars.. not my favorite spot in the city.
My problem is it looks claustrophobic. The lesser dimension in my Family Room is 36ft, so to me 17 ft just feels VERY cramped despite its 6,000 ft. Only the bathroom and Kitchen look about right. (I like long kitchens- gladly sacrifice width for tons and tons of cabinets).
Love it. This would be on my short list if I won the lottery. You just can’t beat those views.
I’d add that the building amenities (pool, gym, deck) all look great as well.
Interesting. If this unit could be split into two 2Brs, they’d be each over 2mils which seems a lot to me so is having the whole floor and the all around views really worth so much to warrant a 4+ mil. price tag?
“Sabrina, the “Currently listed for” still has the previous price.”
Thanks anonny. It’s been fixed.
How much will our market be affected by the problems with our schools now reaching even greater lows ( or highs if you go be debt) then ever?
and the pension issue wont go away of course
the mayor might want to but the council wont keep going for deeper cuts no matter how much they are needed
I am afraid my taxes are going to go up and up or crime will or just the school system problems ( I think the gang problem might already be built in) and the value of my place a long with others will plummet
and yes , I am thinking about Detroit, but I dont think we are like them
monica,
here’s a bucket of cold water to start your day.
no amount of taxes is going to solve crime. taxes are going to go up. and so will crime. and then one day it’s all going to snap.
because the cause of crime is the downfall of the family. and rise of the state. the War on Poverty was a ruse. The War on the Family is what it actually is.
the system that is about to celebrate its 100th anniversary is a system that was designed for one purpose and one purpose only — failure. failure that will bring about a further consolidation of power. power that will remove you, me, and everyone else you know further away from any shred of self-determination.
the truth is out there if you choose to look for it.
we’re many decades into the welfare state and so many still believe the heartless sociopaths in charge that claim it is meant to help people.
get ready for system failure. that’s about all you can do at this point. the silent mass of responsible, God fearing people of all colors are not going to take this shit for much longer. they’re out there. and they’re sick of being lied to. they’re tired of being marched on by the Republocrats’ boots.
and those in charge know it. and they’re preparing for the fight. and it’s not going to be a fair one.
happy friday! =)
old hickory
I agree
so as an investor, and love of my city, I think I will not invest my money into this welfare state
Chicago is a great city
but the chickens have come home to roost
Sure explains why they don’t want us owning guns…