Is the Gold Coast Pied-a-Terre Passé? A 1-Bedroom at 100 E. Walton
This 1-bedroom on the 19th floor at the Walton Colannade at 100 E. Walton in the Gold Coast came on the market in April 2019.
Built in 1972, the building has 240 units along with a rental parking garage. It’s a full service building with a doorman and a rooftop pool.
This is a corner 1-bedroom with the largest 1-bedroom floor plan in the building at 925 square feet.
This unit was renovated with, what an old listing says were “$70,000 in upgrades” before the 2012 sale.
Older listings said it has modern white cabinets with Ernestomedia white corian counter tops and Gaggenau & Liebherr appliances.
There are 4 inch plank hardwood floors throughout.
The bathroom also has modern finishes and a walk-in shower by Antoniolupi.
It has the features buyers look for including central air, washer/dryer in the unit and there’s rental parking in the building.
This will be the third sales transaction since the renovation.
Originally listed at $295,000 in April 2019, it went under contract once, but came back on the market and has been reduced to $278,800.
That’s well under the 2014 sales price of $325,000 and even under the 2012 sales price.
Are Gold Coast pied-a-terres a thing of the past?
Maryellen Joyce at Berkshire Hathaway KoenigRubloff has the listing. See the pictures and floor plan here.
Unit #19F: 1 bedroom, 1 bath, 925 square feet
- Sold in July 1994 for $87,000
- Sold in September 2005 for $125,000
- Sold in November 2008 for $222,500
- Sold in July 2012 for $282,500
- Sold in October 2014 for $325,000
- Originally listed in April 2019 for $295,000
- Reduced
- Currently listed at $278,800
- Assessments of $952 a month (includes heat, a/c, gas, doorman, cable, pool, exterior maintenance, scavenger, snow removal)
- Taxes of $5072
- Central Air
- Washer/dryer in the unit
- Parking available to rent in the building
- Bedroom: 14×13
- Living room: 19×16
- Dining room: 10×8
- Kitchen: 14×8
HOAs are high for a non top-tier building
240 units in a 1972 building, with a pool and 24/hr door people, means a staff of about 14 (door people, janitors, and maintenance staff). That, plus heat a/c, is why the HOA is nearly $1,000/month.
It’s fine for what it is, but the updates are now 7+ years old and look it both in style and condition–check out the cabinet doors in the kitchen!
And what’s with the tv in the bedroom, in line with the headboard? Do you drop a chair right in front of the doorway, and watch from there??
“check out the cabinet doors in the kitchen!”
Looks like somebody forgot to close the dishwasher before the photoshoot…
“And what’s with the tv in the bedroom, in line with the headboard?”
I wondered this too anon(tfo). How do they watch it?
Hey strangers.
Is it me or have the comment threads gotten a bit thin therse days?
I get the HOA. TBH, this isn’t a bad deal at all for location, size , and finishes.
anon – rly? Updates are more ‘updated’ than most places on the market.
“Is it me or have the comment threads gotten a bit thin therse days?”
Yes. The better the market, the less people care. This has been going on for years. Housing prices have soared in some neighborhoods. They are building a dozen luxury buildings. There are record number of properties selling over $3 million in the city. The city is booming.
People want to watch the car wreck.
If, or when, home values fall again, suddenly people will return and complain about how “expensive” everything is.
Lol.
I know for me that at some point this site completely lost the ability to persist my name and email, so I have to put them back in every single comment and sometimes it’s enough to make me refrain from commenting, especially when I am packed in on the el train as is often the case.
“Updates are more ‘updated’ than most places on the market.”
Are the gloss white cabinet more au courant than cherry or maple? Sure, but that’s a low bar.
Here’s the other F that’s for sale: https://www.redfin.com/IL/Chicago/100-E-Walton-St-60611/unit-14F/home/14121045
Is this one way, way (way!!) nicer? Yes. Is it enough to overcome the missing bedroom? Signs point to no.
Even if fully closed, the dishwasher appears to no longer be flush with the other cabinets. This is correctable however.
Sorry – This seems like a waaaay better deal than the one anon (tfo) posted.
The common laundry gets me though. This ain’t NYC. You don’t have to settle for that unless you have your heart set on an older high-rise in the gold coast.
This is definitely a good pied-a-terre option. Perfect for someone who has a weekend home or a kid in grad school a Loyola law or Northwestern law / medicine. Rents on new construction 1BRs far exceed the all in cost of ownership of this one.