Is This the Perfect Pied-a-Terre? A 1-Bedroom at 100 E. Walton in the Gold Coast
This 1-bedroom on the 19th floor at the Walton Colannade at 100 E. Walton in the Gold Coast recently came on the market.
Built in 1972, the building has 240 units.
The south facing unit has been completely renovated with 4 inch oak hardwood floors throughout and solid core doors.
The kitchen has 42 inch white shaker cabinets, GE stainless steel appliances, granite counter tops and a tile backsplash.
The listing says there is designer lighting throughout.
It has a washer/dryer in the unit and central air.
There is rental parking in the building.
It’s a full service building with a doorman, an outdoor rooftop pool, a party room and an exercise room.
This appears to have it all.
Is it the perfect Gold Coast pied-a-terre?
Deborah Ryder at American International Realty has the listing. See the pictures here.
Unit #19E: 1 bedroom, 1 bath, 700 square feet
- Sold in April 1997 for $78,000
- Sold in July 2014 for $240,000
- Currently listed at $279,900
- Assessments of $696 a month (includes heat, a/c, doorman, cable, pool, exterior maintenance, scavenger, snow removal)
- Taxes of $3419
- Central Air
- Washer/Dryer in the unit
- Parking is rental in the building
- Bedroom: 12×10
I think it was the perfect pied-a-terre for the 2014 seller. Seems they made a good profit unless they used it as an ATM.
Showing as contingent.
“unless they used it as an ATM”
The rehab was certainly done by the ’14 seller, and it looks like they did “everything” (floors, doors, kitchen, bath)–perhaps only $40-50k, but without that, they’d likely have struggled to get $190k for it.
It isn’t often that someone is getting a good bang for their buck in the gold coast or in a high rise but not only did the ’14 seller do well, I think if the current buyer is under contract for close to ask then they are getting a good deal too. These assessments, while more than I would ever care to pay, are not egregious…considering heat and a/c, doorman and a pool are included….pretty good deal.
Much prefer DUMP TOWER, it has a much lower EnergyStar rating. I got money to burn people. YUGE amounts!!!
“The rehab was certainly done by the ’14 seller…but without that they’d likely have stuggled to get $190k for it.” says anon(tfo)
i disagree – rehab was most likely done by ‘2/14 purchaser’ who paid $162.5k to a stressed foreclosee. ‘2/14 purchaser’ resold 6 months later to ” ’14 seller” for $240k.
“i disagree”
You disagree that without the rehab it wouldn’t have fetched $190?
And, are you asserting that the seller who got $240k (ie, the ’14 Seller) did NOT do the rehab?
I nowhere assert that the ’97 buyer was the ’14 seller at $240k.
why not blow out that peakaboo kitchen wall? especially something this small. it would open it up so much more visually.
Contingent.
anon – If you look at the Redfin page, it lists 2 sales in 2014: 2/28/14 for $162,500 and 7/28/14 for $240,000. Southbound is saying the first 2014 buyer is the one that did the rehab. I don’t know why Sabrina didn’t list both sales in the post.
“rehab was most likely done by ‘2/14 purchaser’”
Is that person not the ’14 seller at $240k?
Is that not who I said did the rehab?