950 N Michigan Ave #5402, Chicago IL 60611
2 br 2 ½ ba Condo| $2,050,000 |
Price reduced by $150,000
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Description provided by Realty Trac.
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Listing Details
| Status | For Sale |
| Listing Type | Resale |
| MLS/Source ID | 07117665 |
| Total views (as of 7/11/09) |
182 |
| Full bathrooms | 2 |
| Partial bathrooms | 1 |
| Year built | 1984 |
| Days on Trulia | 168 |
| ZIP code | 60611 |
| Neighborhood | Near North Side |
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 06/13/2009 | Price change | $2,050,000 | coldwellbankeronline.com |
| 01/26/2009 | Price change | $2,200,000 | coldwellbankeronline.com |
Contact info
Provided by: coldwellbankeronline.com
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$1,681,333
$1,681,333
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Average listing price is $1,681,333
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Average sales price is $1,881,583
| This home | ||
|---|---|---|
| Listing price: | $2,050,000 | |
| Compared to similar homes | ||
|---|---|---|
| Avg. listing price: | $1,681,333 | +22% |
| Avg. sales price: | $1,881,583 | +9% |
| Compared to Near North Side | ||
|---|---|---|
| Avg. listing price: | $824,934 | +149% |
| Avg. sales price: | $497,359 | +312% |
| Avg. price/sqft: | $328 | |
Comparisons are relative to similar homes on Trulia and are intended as a
guide only. Home values are affected by many factors—find out more
| This home | ||
|---|---|---|
| Listing price: | $2,050,000 | |
| Compared to Chicago | ||
|---|---|---|
| Avg. listing price: | $463,831 | +342% |
| Avg. sales price: | $277,543 | +639% |
| Avg. price/sqft: | $121 | |
Elementary
Middle
High
| SCHOOL NAME | SCHOOL TYPE | PARENT RATING | DISTANCE (mi) | TEST RATING |
|---|---|---|---|---|
|
Ogden Elementary School
Chicago Public School District 299 |
Public | 0.22 | ||
| My son started in this school in the sixth grade after not doing so well in his other school and now he is excellent Im really excited for Ogden international | ||||
|
Ruben Salazar Bilingual Center
Chicago Public School District 299 |
Public | 0.46 | ||
| I have had all 4 of my kids attend Ruben Salazr 2 of which have already gratuated from salazar and are in highschool. Salazar offered my kids the opportunity… | ||||
|
Metro Preparatory School
|
Private | 0.63 | ||
|
Franklin Fine Arts Center
Chicago Public School District 299 |
Public | 0.69 | ||
| I love this school. My son graduated and is attending a selective enrollment high school. The teachers work really hard, are dedicated and love the school.… | ||||
|
Latin School Of Chicago
|
Private | 0.76 | ||
View all schools in:
Chicago Public School District 299
Proximity to this address does not guarantee enrollment eligibility. Please contact a local real estate pro for more info
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Open house times for:950 N Michigan Ave #5402, Chicago IL 60611 |
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Recent Q&A in Near North Side, Chicago, IL
| Communities near 950 N Michigan Ave #5402, Chicago | ||||||||||||||
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This Condo located at 950 N Michigan Ave, Chicago IL, 60611 is currently for sale and has been listed on Trulia for 168 days. This property is listed by coldwellbankeronline.com for $2,050,000. 950 N Michigan Ave #5402 has has 2 beds and 2 ½ baths. The property was built in 1984. 950 N Michigan Ave is in the Near North Side neighborhood in Chicago and in ZIP Code 60611. The list price of $2,050,000 is 149% higher than the average list price of $824,934 for Near North Side real estate, 116% higher than the average list price of $949,954 for 60611 real estate, and 342% higher than the average list price of $463,831 for Chicago, IL real estate. The price for this property is 312% higher than the average sales price of $497,359 for Near North Side, 253% higher than the average sales price of $581,113 for 60611, and 639% higher than the average sales price of $277,543 for Chicago.
School information provided by OnBoard Informatics Copyright (c) 2008. Information is deemed reliable but not guaranteed.
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Pre-Foreclosure (Notice of Default or Lis Pendens)
The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. Auction (Notice of Trustee Sale or Notice of Foreclosure Sale) If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of dealing directly with the borrower/owner. Bank-owned (Real Estate Owned) If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction property. |
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Home price comparisons are relative to similar homes on Trulia (a close match to the home you're looking at based on how close it is, property type, size, number of bedrooms and bathrooms). Home buyers should note that property value estimates are affected by many factors and should only be used as a guide. Factors affecting home values include things like:
For further advice when evaluating a home, contact a local real estate professional. |
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A similar home is a close match to the home you're looking at based on property type, number of bedrooms and bathrooms, property age, and of course how close it is. Comparing similar homes (either for sale or sold) with the home you're looking at can help you establish a context for the listing price. Simply put, it's price comparison for houses!
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