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Optima Old Orchard Woods | 9655 Woods Drive| Skokie Condos

 

Optima Old Orchard Woods Condos| Skokie Real Estate| Skokie Condos

The Optima Old Orchard Woods Condos are todays Skokie Real Estate Post Topic! In terms of Skokie Condos and Skokie real estate, The Optima Old Orchard Woods Condos  are truly a sight to be see!. It is one of the sharper looking condo buildings I have seen in a while, and it is in Skokie of all places!! 

There are 691 skokie condo units that make up the three seperate 20 story towers. The Optima company founded by David Hovey (real estate genius in my opinion) finished up construction on one of the phases of Optima Old Orchard in 2006 and started selling units in 2006.. There are 3 phases of construction for the Optima Old Orchard Woods:

Phase 1: Oak Tower
Phase 2: Elm Tower
Phase 3: Maple Tower

The Optima Old Orchard Woods Condos definetely put a positive light on the Skokie real estate and Skokie Condo market..Whether we are talking about downtown or suburban condos, the Optima Old Orchard Woods Condos have it all!

	One, two, three and four bedroom condominium residences, overlooking hundreds of acres of forest, the Chicago skyline and lake beyond.
•	Floor-to-ceiling vistas in every residence.
•	Private, recessed balconies and terraces.
•	Luxury standards include state-of-the-art baths and kitchens with stainless steel appliances, gas cooktops, designer cabinets, granite countertops, window treatments, and washer & dryer. Optional gas fireplaces are available.
•	Environmentally sensitive, green-roof system and sky garden.
•	A reflecting pool and fountain, serenely situated in the grand courtyard.
•	Formal gardens, flowering trees, deciduous shade and coniferous hedges.
•	An exterior color scheme in harmony with the bordering forest.
•	Professionally staffed design center with interior appointments and amenities of indisputable quality.
•	Two-story pool, spa, fitness center, tennis court and two-story party room with catering kitchen.
•	Minutes away from Old Orchard Shopping Center with exclusive shops, restaurants and entertainment.
•	Within walking distance to golf course, horseback riding, bike trail and jogging path.
•	Heated indoor parking is included; and there is plentiful guest parking.
•	Access to the Edens Expressway, as well as public transportation

Now while these Skokie Condos are a architectural masterpiece, areally cool building to look at and a spot where I would consider living, there are a few negative aspects:

1) You are paying downtown Chicago prices for Skokie... I have a big problem with suburban condo buildings charging downtown prices, it just doesnt make sense to me..
2) Plain and Boring interiors...Unless you pay top dollar for the upgrades from the developer you will be dissapointed
3) You really need a City View otherwise you arent looking at much
4) If you bought in 2006-2007 you Overpaid
5) High SHORT SALES and FORECLOSURE RATES
As of March 2011, there is about a 37% Short Sales and Foreclosure rate at the Optima Old Orchard Woods Condos 

Optima Old Orchard Woods Condos Data
(As of March 2011) 

Current Number Of Skokie Condos At Optima Old Orchard For Sale: 47 

Prices Range From $130,000 -- $1,125,000

Average Market Time: 182 days

Current Number Of Short Sales| Foreclosures At Old Orchard Woods: 15

Current Skokie Short Sales| Foreclosure Rate At Old Orchard Woods: 35%

Number Of Skokie Condos At Old Orchard Woods That Sold In Last 6 Months: 14

Prices Ranges From $131,000 -- $481,000 

Looking to Buy or Sell in the Optima Old Orchard Woods Building in Skokie? Please Contact Me today to set up a Free and Confidential listing appointment or to schedule a private tour of the Skokie Condos currently available in Optima Old Orchard Woods Building. 

Jim Kontos
President-Broker-Skokie Real Estate Expert-Skokie Condos Expert
RE/MAX 1st Class Skokie
RE/MAX Skokie
3947 Dempster Skokie,IL 60076
Cell 630 327 9136
Office 847 674 9797
jpkontos@gmail.com
www.skokiehomes4sale.com
www.mychicagoshortsalesite.com

 

 

 

 

 

 

 

Lincoln Ridge| 7450 Lincoln| Skokie Condos| Skokie Real Estate

 

Lincoln Ridge| 7450 Lincoln| Skokie Condos| Skokie Real Estate

The Skokie Condos at Lincoln Ridge at 7450 Lincoln in Skokie,IL is the topic of todays Skokie Real Estate post! The first half of the 2000's brought several new construction Skokie Condos to the Skokie Real Estate market. Lincoln Ridge located at the corner of Lincoln and Skokie Blv was another one of these projects.  The layouts and square footage for the units at Lincoln Ridge are above average. The layout of the 1bed/1.1bath + den "12" units is my favorite.. They are huge!!!  

The downside to this building is lack of ammenities, which is a common thing amongst Skokie Condo buildings..

Lincoln Ridge Condos| Skokie Condos
Built: 2000
Number Of Units: 60
Pet Friendly
Assessments Range From: $280-$400
Assessments Include: Heat, Water, Gas, Garbage/Snow Removal
1bed/1.1bath layout
2bed/1.1bath layout
2bed/2bath layout
3bed/2bath layout

The prices at Lincoln Ridge have been dropping heavily over the last two years, with no recent sales at Lincoln Ridge for almost 1 year.. Spending  in the very low $200,000's for a 2bed/2bath is about where you would want to be right now

Skokie Real Estate Data For
Lincoln Ridge| 7450 Lincoln
(as of March 2011)

Current Number Of Skokie Condos at Lincoln Ridge For Sale: 5

Prices Range From $199,000-$265,000

Avg Listing Time: 200 days 

Number Of Skokie Condos Sold At Lincoln Ridge In Last 6 Months: 0

Looking to Buy Or Sell at Lincoln Ridge at 7450 Lincoln in Skokie? Please contact me to set up a confidential listing appointment or a private showing for the Skokie Condos available at Lincoln Ridge.

Jim Kontos
President-Broker-Skokie Realtor-Skokie Condos Expert
RE/MAX 1st Class
RE/MAX Skokie
Cell 630 327 9136
Office 847 674 9797
jpkontos@gmail.com
www.skokiehomes4sale.com
www.mychicagoshortsalesite.com 

There are several Skokie Realtors out there to chose from, but only a few Skokie Realtors can get you the results than I can get you.


 

Madison Place| 5105 Madison| Skokie Condos| Skokie Real Estate

SKOKIE CONDOS| MADISON PLACE| 5101 MADISON

The Skokie Condos at Madison Place are todays post topic! The Skokie Real Estate Market has several skokie condos for buyers to choose from.  Madison Place at 5105 Madison is another recent condo project.  Norwood Builders  was the builder and developer behind Madison place.  The layouts and room sizes are all well done and spacious, but the building does lack in ammenities for the residents. If you are looking for a Skokie Condo building that has a pool or workout room, then Madison Place isnt for you.

Madison Place| 5105 Madison| Skokie Condos| Skokie Real Estate
Total Number of Units: 60
Pet Friendly: yes
Assessments Range From $200-$550
Assessments Include: H20,Gas,Heat,Air,Garbage and Snow Removal
1bed/1bath layout
2bed/2bath layout
3bed/2bath layout

The prices for some of the condos in this building are completely over priced and rival downtown condo prices and prices at the Optima Building In Skokie.  So before placing an offer on one of the Skokie Condos at Madison Place, make sure your realtor does his/her homework for you!

Skokie Real Estate Data For
Madison Place| 5105 Madison
(as of March 2011)

Current Number Of Skokie Condos For Sale at Madison Place: 2

Prices range from $249,000-$289,000

Number Of Skokie Condos That Have Sold At Madison Place In Last 6 Months: 0 

Looking to Buy or Sell at Madison Place at 5105 Madison place in Skokie? Please contact me to set up a Private and Confidential Listing Appointment or a Private Showing Of Skokie Condos available for sale

Jim Kontos
President-Broker-Skokie Real Estate Expert--Skokie Realtor
RE/MAX 1st Class
RE/MAX Skokie
Cell 630 327 9136
Office 847 674 9797
jpkontos@gmail.com
www.skokiehomes4sale.com

There are several Skokie Realtors out there to chose from, but only a few Skokie Realtors can get you the results that I can get you!

Siena At Old Orchard| 9360 Skokie Blvd| Skokie Condos

The Skokie real estate and Skokie condo market got a huge addition in 2006 with the Siena @ Old Orchard condo project developed by Lennar. This 6 story,110 unit complex is broken down into 2 buildings: 9360 and 9350 Skokie Boulevard.. Siena at Old Orchard is located a stones throw away from the Old Orchard Shopping center..

The building itself is an emposing sight when you are driving down Skokie Boulevard.. It is no where near as sharp and as cool looking as the Skokie Condos at the Optima Building, but not many buildings are.  Several of these units were fairly overpriced by Skokie Real Estate standards when they first came on the market in 2006-2007.. $535,000 for a 3bedroom condo and $430,000 for a 2bed/2bath condo in Skokie...Cmon lets be serious..For those who paid that much back then, my condolences. Several of the other 2bed/2bath skokie condos were selling in the high 200ks- to mid 300ks in 2006-2007

I would have loved to see these skokie condos built in downtown Skokie, but that is just me.. One of he big knocks against these Skokie Condos is lack of ammenities.. There is No Gym or No Pool.. What kind of modern day condo building doesnt offer at least one of the two? If you are fortunate enough to be on the 6th floor and facing towards the city, you can see the city skyline from your window. 

Total Number Of Units: 110
Total Number Of Buildings: 2
Pet Friendly
Assessments Range From $236-$500
Assessments Include: Heat, H20, Gas, Common Insurance, Parking, Cable, Snow/Garbage Removal
1bed/1.1bath layout
2bed/2bath layout
2bed/2.1bath layout..My Personal Favorite
3bed/2bath Layout 

Siena @ Old Orchard| 9350-9360 Skoke Blvd 

Number of Skokie Condos @ Siena Currently For Sale: 8
(As of Oct 2010) 

Average Market Time: 200 days

#620..2bed/2.2bath..$237,000..Short Sale
#616...2bed/2.2bath...$237,000...Short Sale
#602...1bed/1.1bath...$265,000
#419...1bed/1.1bath...$265,000
#507...2bed/2bath...$355,000...Short Sale
#306...3bed/2bath...$375,000...Short Sale
#618...3bed/2bath...$390,000...Short Sale
#301...2bed/2bath...$410,000

As you can see, 5 out of the 8 Skokie condos for sale at Siena are Short Sales.. Unfortunately, this is all to common in Skokie. The Skokie real estate market currently has about a 33% short sale and forclosure rate

Number of Skokie Condos Sold At Siena @ Old Orchard
in Last 6 Months: 0

Looking to buy or sell a Skokie home or condo, or just looking to talk to an experience Skokie realtor? If so, please CONTACT ME any time day or night for all of your Skokie Real Estate and Skokie Short Sales needs! Let my real estate experience work for you!

Jim Kontos
President--Broker--Skokie Realtor--Skokie Short Sales Expert
RE/MAX 1st Class
RE/MAX Skokie
3947 Dempster
Skokie IL
Direct 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jkontos@remax.net
www.skokiehomes4sale.com

There are several Skokie Realtors out there to chose from, but only a handful of these Skokie Realtors can get you the results I can get you!

 
 

 

The Metropolitan | 4953 Oakton| Skokie Condos

Skokie Condos For Sale: The Metropolitan @ 4953 Oakton

I love the location of these Skokie Condos!! Granted, Downtown Skokie isn't going to blow you away when compared to the downtown areas of other suburbs, but it is a great spot to call home and a nice piece of skokie real estate in my opinon..

Skokie Condos
4953 Oakton
These Skokie Condos were built  in 2006
Located in Downtown Skokie
61 Units
Ammenities: Elevators,Storage,Party Room
Pet Friendy Building
1 Bedroom Layouts
2 Bedroom Layouts
3 Bedroom Layouts
Assessments Range From" $350-$500
Assessments Include: Heat, Gas, H20, Air, Cable, Garbage/Snow Removal 

When you pull your car into the garage of these newer construction Skokie Condos, you really dont need to get into your car the rest of the day.. This buildings location is right in the heart of downtown Skokie.. You can walk to bars, restaurants, grocery stores, theater etc... I
The layouts are nice and the square footage of the units is above average when compared to other Skokie Condos and Skokie condo buildings.
My favorite layout is the 1bed/1bath + den..

Assessments are going to run you anywhere from $350 - $550 per month:
Assessments include: Heat, Gas, h2o, parking, cable, common insurance, garbage & snow removal

Skokie Real Estate Statistics for
The Metropolitan | 4953 Oakton
(As Of October 2010)

 Number of Skokie condos currently FOR SALE for sale: 7

Prices currently range from $170,000 -  $649,000

Number of Short Sales or Foreclosures in the building: 3

Number of condos that HAVE SOLD in last 6 months: 0

There have been no skokie condos that have sold at the Metropolitan in the last 6 or 12 months..If you are looking to purchase a 1bedroom skokie condo, you want to stay in the high 100ks...If you are looking to buy a 2bedroom skokie condo you want to stay in the mid 200k's and if you want to buy a 3bedroom, you want to stay in the high 200ks' or low 300k's...

Looking to Buy or Sell in the Metropolitan Building in Skokie? Please Call or EMAIL ME today to set up a confidential listing appointment or a private buyers tour of homes currently available in the Metropolitan.
Looking for other Skokie Condos? For all of your Skokie Real Estate, Skokie Condo and Skokie Short Sale needs, plese Call or EMAIL ME any time day or night! Let my real estate experience, education and knowledge that sets me apart from my competiton work for you!

Jim Kontos
Broker-President-Multi Million Dollar Producer-Skokie Real Estate Expert
RE/MAX 1st Class Skokie
RE/MAX Skokie
Cell 630 327 9136
Office 847 674 9797
jkontos@remax.net

Lincoln Towers| 7601 Lincoln| Skokie Condos| Skokie Real Estate

 

 

Skokie Condos| Lincoln Towers| 7601 Lincoln

The Skokie Condos at 7601 Lincoln is todays Skokie Real Estate Post Topic! The Lincoln Towers is a great example of Old vs New for Skokie Real Estate and Skokie Condos..The exterior of the Skokie Condos at 7601 Lincoln isn't a eye catching masterpiece, and the common ammenities are way outdated, but what you lack in Exterior appeal and Common areas ammenities you make up with SQUARE FOOTAGE!!  These Skokie Condos at 7601 Lincoln are HUGE and the prices are LOW!!!  The units in this skokie condo building have central air/heat, in unit washer dryers, outdoor pool and several of the units come with 2 indoor parking spots!! 

When you compare the Newer construction skokie condos, you are paying up to anywhere from 3x - 5x the amount and for much less square footage.. Sure you get the sharp looking exterior and modern ammenities with the newer buildings but you surely dont get the square footage

Skokie Real Estate| Lincoln Towers| 7601 Lincoln
Built in 1977
Total Number Of Units: 76
Pet Friendly: No
Common Ammenities: Outdoor Pool, Workout Room(very outdated), Party Room
Building is managed professionaly
1bed/1bath Layout
2bed/2bath Layout (1500sq ft -- 1900 sq ft )
3bed/2bath Layout (1700sq ft -- 1900 sq ft ) 

Now if you are in the market for skokie real estate and skokie condos and you are looking for a young, hip building with a state of the art work out room,media room etc.. then this isnt the building for you. But if you are looking for a solid and well run building with great square footage and units that are priced unbelievably low, then these Skokie Condos are for you!

Skokie Real Estate Data 
Lincoln Towers| 7601 Lincoln
(As Of March 2011)  

Current Number Of Skokie Condos For Sale At Lincoln Towers: 4

Prices Range From: $139,000 -- $165,000

Average Listing Time: 200 days 

  

Number Of Skokie Condos at Lincoln Towers That Sold In Last 6 Months: 2

#409...2bed/2bath...2 indoor parking spots..$160,000
#512...3bed/2bath...2 indoor parking spots...$169,000 

 

Looking to Buy or Sell in the Lincoln Towers Building in Skokie? Please Contact Me today to set up a confidential listing appointment or a private tour of the Skokie Condos currently available in the Lincoln Tower.

Not looking for a condo at Lincolwn Tower? For all of your Skokie Real Estate, Skokie Condos, and Skokie Short Sale needs, Contact Me any time day or night! Let my real estate experience, education and knowledge that sets me apart from my competiton work for you!

Jim Kontos
Broker-President-Skokie Real Estate Expert-Skokie Condos Expert
RE/MAX 1st Class Skokie
RE/MAX Skokie
Cell 630 327 9136
Office 847 674 9797
jpkontos@gmail.com
www.skokiehomes4sale.com
www.skokierealestate4sale.com
www.mychicagoshortsalesite.com