The Perfect Loop Home? A 3-Bedroom With a Private Terrace at 310 S. Michigan
This 3-bedroom in the Metropolitan Tower at 310 S. Michigan in the Loop came on the market in July 2014.
While it is not a penthouse unit, it still has some unique features starting with 14-foot vaulted ceilings in the living and dining room.
It has a custom Christopher Peacock kitchen with white cabinets, white marble countertops and stainless steel appliances.
There’s a matching Butler’s pantry as well.
There are dark Asian walnut hardwood floors in the living/dining room.
The master suite has suede walls and a luxury bathroom with walk-in shower.
The listing says there are 3 storage rooms included and deeded garage parking is available for $50,000.
The living/dining area as well as the master suite overlook the extensive north facing terrace which measures 405 square feet and has city views.
Originally listed at $2.65 million, it has been reduced $651,000 to $1.999 million.
Is this the perfect Loop home?
Millie Rosenbloom at Baird & Warner has the listing. See the pictures here.
Unit #2209: 3 bedrooms, 2.5 baths, 2482 square feet
- Sold in January 2009 but no price was listed in the public record
- Originally listed in July 2014 for $2.65 million
- Reduced several times
- Currently listed at $1.999 million
- Parking is extra at $50,000
- Assessments of $1447 a month (includes heat, a/c, gas, water, cable, internet, doorman, exercise room, exterior maintenance, scavenger, and snow removal)
- Taxes of $11332
- Central Air
- Washer/dryer in the unit
- Terrace: 45×9
- Bedroom #1: 21×15
- Bedroom #2: 18×15
- Bedroom #3/Den: 12×12
wow super nice, although it should be for that kind of price
“Taxes of $11332”
AV up 70%. I’m sure there will be an appeal, but if they do not prevail, that will mean next year the taxes are more like $22k.
This unit is a blue-eyed bargain relative to other things I’ve seen offered at a comparable price. It really is a great unit, in a beautiful building and perfect location.
And the taxes will STILL be reasonable at $22,000, which is, after all, only slightly more than 1% of the CMV. The current taxes are a gift.
“the CMV”
I hadn’t noticed that this was under contract at $2m.
At this price, it is a buy. It is on freaking Michigan Avenue. I have to wonder, why did they decrease the price so much so quickly? The buyer could have decreased it by 100K every month and they probably could have found a buyer.
“The buyer could have decreased it by 100K every month and they probably could have found a buyer”
Yes, I agree that if they had reduced it by $100k every month since they listed it, they would have found a buyer by now, as the most recent reduction would have been the 15th, and they’d have been asking $1.15m.
Even if they’d have started dropping it $100k a month after they reduced to $1.999 in March, and it were at $1.299, that’d probably work, too.
Very nice place. Perhaps cash can be paid on the side with a lower purchase price to help keep the taxes low.
I guess I am in minority here, but I don’t like the place too much. It does not seem to get much light and I don’t care for the levels going up and down much.
Finishes are not cheap, but not my taste again. Just too much a like an admiral club in my opinion.
Nimesh, are you HD’s alter ego? Or just another lawyer that cannot compute?
Peacock kitchen – overdone
Too much fold for my tastes
Terrace is a separated but also somewhat shared strip
View on terace was taken at an extreme angle
Pass
Closed on 10/14/16 for $1,810,000