Seller Under Stress in The Royalle: 744 N. Clark in River North
Short sales continue in every neighborhood. This 2-bedroom is in short sale at The Royalle, a 2002 mid-rise building at 744 N. Clark in River North.
Here’s the listing:
SHORT SALE SUBJECT TO LENDER/BANK APPROVAL, RIVER NORTH, THE ROYALLE, INTIMATE BUILDING WITH 40 UNITS TOTAL, CONTEMPORARY DESIGN, OPEN FLOOR PLAN,
BRIGHT, EAST/SOUTH EXPOSURES, DEN CAN BE USED AS 3RD BEDROOM OR OFFICE, HARDWOOD FLOORS THRUOUT, STAINLESS STEEL APPLIANCES, GRANITE, LAUNDRY IN UNIT, WHIRLPOOL TUB, GARAGE PARKING $35,000.
Eric Hochstadter at Coldwell Banker has the listing. See more pictures here.
Unit #601: 2 bedrooms, 2 baths, den, 1450 square feet
- Sold in November 2004 for $489,000
- Currently listed for $399,000 plus $35,000 for parking
- Assessments of $502 a month
- Taxes of $5,925
Open floor plan or not, that living room looks tiny and rather oppressive.
Agreed spertia, I’m surprised they didn’t doctor/stretch the photo to make it look expansive.
On a positive note, you have Clark Street Ale on one side and superior liquors on the other… so you will never go thirsty.
These “intimate” buildings with full service amenities (doorman, elevators, etc) and only 40 or so units will be among the most expensive to maintain.
They have much of the same expenses of larger buildings (staff, facade maintenance, mechanicals, etc) but far fewer owners to share in the costs. These assessments are nowhere near what they will have to be some day.
Add a few foreclosures to the mix and it spells financial suicide for owners in these buildings.
Can’t go wrong w/a liquor store right next door.
No way in hell that is 1,450 square feet. I lived in a legit 1,550 SF apartment and each of the five rooms was LARGE.
Clark Street Ale House is awesome! Maybe the owner can afford to live here.
Great location in river north, the rest of this place stinks. Not too bad of a current asking price though.
Aww the big bad foreclosure monster has popped up in this building. Unit 503 is an 800sqft 1/1 listed as a foreclosure for 230k. No word on parking.
Err 900sqft.