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2350 N Orchard Street
Chicago, IL 60614
$2,900,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3356
Property Description
Only 2 Residences with this exceptional floor plan remain! The Orchard Private Residences, a plush and comfortable new construction boutique building featuring 32 true highly designed homes by internationally acclaimed design firm, Soucie Horner. Conceptualized with thoughtful attention to quality detail at every moment, richly appointed well beyond Chicago's typical New Construction developer offerings. A wealth of on-site amenities to enjoy and steps away from new shopping, and eateries; within a new neighborhood center. The Orchard fulfills a highly sought after Luxury niche market, finally a development so perfectly executed in heart of Lincoln Park. Interiors offer: Private Elevator entrances serving 1 & 2 units per floor, elegant foyers, transitional & distinguished 10' ceilings, mount crown, 8" baseboards, Cased Openings through out, 7' wide planked white oak hardwood floors throughout, 42" Fireplaces w/limestone surround, 10' ceilings, 1 3/4" thick Solid 8' two paneled doors, Hamilton Sinkler hardware, Drapery Pockets, Powder Rooms, Extremely well-thought floor plans complement single family living on one level, generous lighting packages, Bespoke hand painted Christopher Peacock Kitchens with choice of custom artisan paint colors, offer 60" upper cabinets, glass doors, walnut cabinet interiors, interior accessories of cutlery, flatware, spice drawer, rubbish sort. Massive Walnut Islands with overhang balance the 60-84" custom metal hoods w/exterior ventilation, under-cabinet lighting. Subzero/Wolf appliances incl. freestanding 48", 6 burner stove w/griddle & second oven, integrated 30" refrigerator AND 30" freezer, dishwasher, & drop down door microwave oven. The Galley integrated sprayer faucet, The Galley 44" sink & built in chef accessories (cutting board, colander, drying rack, etc.), Quartzite Counters & Full Coverage Backsplash. Large Private Terraces w/flush ceiling mount heaters, porcelain pavers, gas, electric, & water. Owner's suite w/Spa-Inspired baths: Waterworks fixtures, Freestanding Tub, Large Custom Vanities, luxurious Separate Showers, & heated marble floors. Secondary bedrooms include en-suite baths of equally appropriate distinctions! Laundry Rooms offer LG appliances, utility sink, storage cabinetry & back-of-house exit. Secure Garage with direct entrance off of Orchard St., wide parking spaces w/Bike racks, secure storage & direct elevator access to home. Zoned heating owner-controlled, year-round heating and cooling, Outward Open Casement Windows throughout, above market interior/exterior insulation provides sound control and demonstrates high-quality execution by developers. Elegantly designed Lobby & Common areas with custom furniture, plaster details, & refined art collection, 24- hour door staff, Concierge Services: Valet Dry Cleaning & Laundry service, Dog Walking, Pet Grooming, Cat sitting, package & grocery delivery, on-demand house keeping, on-site fitness includes Techno Gym Equipment, Pilates Reformer, Virtual Trainer Bike, yoga, on-demand virtual workouts. Rooftop Deck and conservancy rivals five-star hotel quality, boasting stunning mature garden installations, Water Fall, built in Subzero/Wolf kitchen & grill stations, dining & lounge spaces, Designer furniture & lovely east and downtown views. Owners also enjoy outside amenities of The Towers Collection: Rooftop Pool, Hot tub, Sundeck, Sky Lounge, Game Room, Cyber Lounge, Dog Run, Pet Spa & Owner's lounge, guest suite available for reservation as well as gorgeous gardens on the Common. Antunovich & Associates designed an appropriately inspired building by Chicago's classic architecture of Fullerton, a beautiful bookend to Lincoln Park's historic boulevard and a gateway to Lincoln Park's new vibrant community center! HOA includes most. Delivery available now! LEED Certified. *Photos for this listing are from model unit 303.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2020
MLS Number
11767908
Location
Address
2350 N Orchard Street
City
Chicago
State
IL
Zip Code
60614
County
COOK (NORTHEAST CHICAGO)
Listing
Provider
Jameson Real Estate LLC, original listing
Name
Jameson Real Estate LLC
Phone
(312) 335-3291
Office Name
Jameson Sotheby's Intl Realty
Office Phone
(312) 751-0300
Agent Name
Cadey O'Leary

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.