Currenty For Sale

The renovation of this house was completed in October, 2006.  At that time a construction cost summary complete with detailed photographs, itemized material lists, fixtures, and included furniture items  was compiled.  This summary is available for qualified buyers and can be reviewed in detail at your preview of the house.

Construction Costs:  $ 1,539,300

Although the owners built this high-end home for themselves with the intention of living in it forever, they have since retired to Arizona.  They no longer desire to maintain two residences and have arbitrarily reduced the market price in accord with their upfront decision in "overbuilding for the neighborhood."  This value analysis resulted in a 20% reduction of - $ 307,800 when originally placed on the market in October 2006.

Original Asking Price:  $ 1,231,500

Given the collapse of the housing market, and the crisis in the real estate and mortgage industry, an adjustment in price based on the publication of the Case-Shiller Home Price Index has been recently applied.  As of 07.29.08 the Midwest (Chicago) index of -9.4% has reduced the price by - $ 115,500.  This adjustment may change up or down with the future swings in the index.

Current Asking Price:  $ 1,116,000