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The “2nd Bedroom Is A Den/Office” Sells For $50K More Than 2010 Price In The Gold Coast: 10 E. Delaware

We last chattered about this 2-bedroom (which was really a 1-bedroom) in 10 E. Delaware in October 2012.

See our prior chatter here.

The listing agent had called it a 2-bedroom but then confessed in the listing that the second bedroom was really a den/office.

We had a spirited debate about what the definition of a “bedroom” was in real estate terms.

However, not many had an opinion on the saleability of a 1 bedroom plus den with 1023 square feet being listed at $740,000.

The unit recently sold for $665,000 (including the parking) – which was $50,000 over the 2010 price.

If you recall, this was a luxury unit.

The kitchen was Poggenpohl and had SubZero, Miele and Wolf appliances.

The master bath was marble.

Is this sale, after the unit was on and off the market for nearly 2 years, another indication of an improving market?

Timothy Salm at Jameson Sotheby’s had the listing. You can still see the pictures here.

Unit #11A: 2 bedrooms, 1.5 baths, 1023 square feet

  • Sold in January 2010 for $615,000 (included the parking)
  • Originally listed in January 2010 for $699,900
  • Reduced
  • Was listed as low as $649,000 in February 2011
  • Withdrawn
  • Was listed in October 2012 for $675,000 (parking $65,000 extra)
  • Sold in December 2012 for $665,000 (parking included)
  • Assessments of $481 a month (includes pool, doorman, a/c)
  • Taxes of $8392
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 12×12
  • Bedroom #2 (den????): 9×9

 

This entry was posted on Wednesday, December 12th, 2012 at 2:03 pm and is filed under Gold Coast. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “The “2nd Bedroom Is A Den/Office” Sells For $50K More Than 2010 Price In The Gold Coast: 10 E. Delaware”

  1. nice balcony, rooftop pool better than one above a garage or retail platform, open views, you get hotel amenities and room service…pretty cool place. Great location. Not enough counter space in kitchen.

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  2. Better than the other Near North Side condo on CC today. Better views, better building, better location. Still wouldn’t want to pay this much, however.

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  3. Yet more proof that the lamest of Realtor tricks (list the parking separate) does not work, unless a parking space was truly separate from the unit.

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