Elegant and spacious East Lincoln Park two bedroom, two bathroom home, just steps away from the Zoo and Lake Michigan! Ten unit elevator building with only two units per floor. Formal entry with a separate dining area with room to seat eight people comfortably. Bright living room with eleven foot ceilings and a wall of dramatic floor to ceiling windows for ample natural light, classic archways and a gas fireplace with a gorgeous hand carved marble surround. The kitchen offers ample workspace and storage, plus under cabinet lighting, a pantry, SubZero, Thermadore and Bosch appliances, granite countertops and a full height backsplash, plus imported Italian solid wood cabinetry throughout the home. The generous master suite with custom designed walk-in closets and a marble bath with dual vanities, steam shower and a separate whirlpool tub. Second bedroom shares access to the incredible private outdoor garden that runs the width of the unit. Heated, attached garage parking for one car, plus common guest parking. The building offers built-in sparklers and is professionally managed. Lightly lived in by one owner and never rented. Click here for the virtual tour!
The real estate market is gaining stability more and more. Instead of the traditional cycle of moving: sell your home, buy a new home and close both on the same day, we have a new model. Many would be sellers moved into rental properties when their needs changed, and rented out their homes. Money is still very affordable, and good inventory is not lasting long on the market. A lot of buyers are now making their way back into the real estate market, and the inventory isn’t keeping up with demand.
Due to the pace of the buying market, many sellers are making plans to sell well in advance of going on the market. They want to be prepared to put their home on the market, but they do not want to have to move out of their home before they have a new place to live. This creates a market of pocket listings; listings that are not yet actively on the market.
This year 60% of the buyers I worked with bought homes before they came to market. By consistently networking with other agents, I have been able to ‘first look’ for many of the buyers I helped find a new home.
Does this mean a pocket listing sells for less than market value? No. There has been a lot movement in the market which provides good data points for comparable sales. A savvy seller will not consider taking less than the open market would bear. In several instances, my clients have had to compete with other offers on homes that were not yet listed.
Call me to work with a well connected Realtor with strong relationships in the brokerage community!