I’ve said before that, despite the volatility in real estate markets across the country, luxury real estate in Chicago has done relatively well holding its own. And despite the ups and downs, high-end buyers seem to be driven to the same features in luxury properties: lots of square footage, large lot sizes and great neighborhoods.
Last month, 34 luxury homes (those starting at $1 million) sold, totaling $61 million in sales. The five most expensive homes ranged in price from $2.9 million up to $6.2 million. It’s a great idea for buyers to review these sales, as it can give you great insight into what’s selling at what price and how that fits into your own situation.
If you would like to take a closer look at past sales or what is currently on the market, call me or email me at firstname.lastname@example.org and indicate the price range of homes you’d like to see. I can send you links for the photos and descriptions of the properties you can review, as well as information as to why certain properties sold at the price that they did—no cost or obligation on your part.
In the meantime, here is a more detailed look at the five most expensive Chicago home sales during December, in ascending order:
4431 N Hermitage Ave.
Original list price: $2.85 million
Sold price: $2.85 million
This 6 bedroom/6 bath Chicago home in southeast Ravenswood sold as quickly as it was listed. Built in 2003, this home sits on a huge lot spanning 50 x 165 feet.
3743 N Greenview Ave.
Original list price: $3.25 million
Sold price: $3.05 million
Located in Lakeview in the Southport corridor, this 6,481-square foot home was built in 2010 and features over $500,000 in upgrades, including custom decorating, custom finishes, fine millwork and cabinetry throughout. A breezeway attached to the 3-car garage overlooks a private courtyard. This home also features a penthouse rec room, two green roofs, amazing outdoor space and five fireplaces.
632 W Belden Ave.
Original list price: $2.75 million
Sold price: $3.05 million
Also located on an extra-wide lot of 50 by 135 feet, this East Lincoln Park home boasts five bedrooms with a wrap-around porch, greenhouse kitchen, beautifully landscaped grounds and a 2-car garage with a coach house adjacent to an additional 2-car garage.
461 W Superior St.
Original list price: $3.945 million
Sold price: $3.6 million
Spanning a whopping 11,000 square feet of a 34 by 109-foot lot, this huge Chicago home is found in the coveted Kingsbury Estates. Custom built with dramatic rooms and architectural features, this Chicago home features a grand staircase, a custom kitchen, three terraces and a 1,700 square foot rooftop garden with south city views.
1525 N State Pkwy
Original list price: $6.995 million
Sold price: $6.225 million
Chicago’s Gold Coast is one of the most desirable neighborhoods for luxury real estate, and this elegant and timeless home is right in the heart of it. With more than 8,000 square feet and 6 bedrooms, this home has everything from a paneled library to a landscaped terrace, to an media room and 6 fireplaces. With 40 windows facing the Cardinal’s mansion, this home received abundant light and offers fantastic views of this coveted neighborhood.
If you’re looking to purchase a luxury Chicago home, reviewing last month’s sales is a great start to give you an idea of what’s out there. To see more of what sold last month or see what is on the market now, give me a call at (312) 498-5080 or email me at email@example.com.