Should You Rush To See 1366 N. Dearborn?
I ran across this new listing for a unit at 1366 N. Dearborn, a vintage mid-rise built in 1926 in the Gold Coast that appears to have the key ingredients needed for vintage success: washer/dryer in the unit and parking available.
The listing indicates that buyers should book their appointments next week or else they’ll miss out:
SCHEDULED SHOWINGS WILL BEGIN TUESDAY, MARCH 4TH AT 1PM! BROKER AGENT TOUR MARCH 4TH 11AM-1PM.
EXTREMELY RARE OPPORTUNITY, THIS EXQUISITE HOME IS LOCATED IN ONE OF THE GOLD COAST’S MOST COVETED BUILDINGS. 2BR ENSUITE/DEN OR OPTIONAL 3BR W/POWDER ROOM/FORMAL LIVING/FORMAL DINING/ OFFICE/KITCHEN W/BUTLER PANTRY/WB FIREPLACE/LAUNDRY IN UNIT/ 2 STORAGE SPACES/PKG AVAIL. N/S/E/W EXPOSURE/ELEVATOR W/…
In the last three years these units sold in the building:
- 4 units in 2007
- 3 units in 2006
- 3 units in 2005
This particular unit was on the market only 2 years ago.
Unit #6A: 3 bedrooms, 2.5 baths
- Sold in March 2006 for $835,000
- Currently listed for $979,000
- Assessments of $1510 a month
- Sudler Sotheby’s has the listing
It’s gorgeous. I wish I could afford it.
No
Seems reasonable for a 3 bed in Gold Coast
How many s.f.?
You can guess the size of the rooms fron the scale of the furnishings and cabinetry. Looks like a 22’X 15′ living room, a 20’X 12″ kitchen, a 18’X 12′ dining room. I would, based on the type of building this is and the period in which it was built, figure a master bed of about 16’X12′, and smaller beds of 13’X10′. Maybe one is really tiny. Looks like a generous entry foyer, maybe 12′ X 5′.
All in all, probably 2000 sq ft.
But this is really just a guess, based on the size of the rooms chose.
Is this a co-op? That would make the monthly assessment seem alot more reasonable (it seems high even for a vintage building).
It is a condo building, built in 1926 converted who knows when. There is no parking on site – but apparently rental parking is nearby (whooppee).
The other A-tier units listed in this building reported a size of 1,950 square feet, although this unit seems like it has an extra bedroom it must have stolen from another unit.
this listing has LR at 15 x 21; DR 18 x 14; kitchen 8×15; master 12 x 15; 2nd bed 15 x 11; 3rd 13 x 13 and “office” 5 x 12, plus butlers pantry and foyer. This unit . my guess is office is a former maid’s room, a portino of which was used to add half bath or laundry.
gracious, but not huge unit.
Laura – i’m pretty impressed with your party trick, guestimating rooms sizes /square footage from a realtor’s fotos. There’s gotta be a way you can get paid to do that!!!!! what’s your secret???
bubbleboi, I just figured from the scale of the furniture, like a queen-sized bed in the bedroom (slightly larger than a double), the fairly standard-sized chairs and sofa, and typical doorways, in the living room, and the largish dining table in the dining room.
The assessment most likely includes taxes if it is a co-op, but that’s not guaranteed. It’s nowhere near the worst co-op assessment I ever heard of, for the size of the place. The worst are at Edgewater Beach because you are paying for fantastic amenities there,and some units still owe for the massive rehab of the building a few years bac,. At 3500 N Lake Shore Drive, where there is a very beautiful unit, comparable to this one (or even better-looking), on the market for $289K. Sounds CHEAP, doesn’t it? But the monthly assessment is over $2600 and does NOT include taxes. The agent made very sure I knew that.
Also 3750 N. Lake Shore Drive, which has not only a pool but eleven elevator tiers, tends to have really steep assessments.