Chicago MLS Home SearchThe Dooley Reporthttp://www.kendooley.com/my-blog/2010-05-21T06:43:56ZSquarespace3105 N Wolcott: A stunning Roscoe Village Home.http://www.kendooley.com/my-blog/2010/5/20/3105-n-wolcott-a-stunning-roscoe-village-home.htmlKen Dooley2010-05-21T04:26:48Z2010-05-21T04:26:48Z
3105 N. Wolcott, Chicago, IL.
I had the privilege of touring the following Roscoe Village Designer owned home with 4 beds and 3.2 Baths on behalf of my buyer clients. This home truly has Unmatched finishes with an interior designed by Tracy Hickman of Hickman Design Associates. There's too much to list so please scroll down to view the photos and let the stunning pictures do the talking.
Outstanding 37.5 x 125 corner lot
Custom made Makore wood kitchen cabinetry.
Dual Wolf wall ovens
All Lighting by Holly Hunt & Donghia Window treatments by Holly Hunt
3 fireplaces with Isokern fire boxes with imported limestone mantels
Lower level features full mahogany bar with True professional beverage fridge & billiard room
Amazing entertaining space with media room.
Master bath with 3 zone radiant flooring, two showers, two walk in closets, two toilets, Water Works soaking tub & hammered nickel sinks
All water fixtures by Water Works & Kallista
If you have any questions or would like to view the property, please contact me,
]]>New Home Sales up 26.9%http://www.kendooley.com/my-blog/2010/4/24/new-home-sales-up-269.htmlKen Dooley2010-04-24T06:09:32Z2010-04-24T06:09:32Z
New Home sales posted an impressive increase of 26.9% in March over February. The increase represents 411,000 units on an annualized basis which is way ahead of Analysts estimates of 330,000 units. Inventoryof New Homes fell from a 9 months supply in February to a 6.7 month supply in March. Inventories are currently at levels not seen since the 1970's.
February's 308,000 units was revised upward to 324,000 units sold which shows an upward trend better than anticipated.
All this is good news for the economy. However, for a sustained economic recovery to go mainstream, new home sales need to continue to improve and unemployment levels need to drop.
]]>Existing Home Sales Risehttp://www.kendooley.com/my-blog/2010/4/22/existing-home-sales-rise.htmlKen Dooley2010-04-22T14:33:55Z2010-04-22T14:33:55Z
04/22/10: Existing Home Sales for the month of March showed an increase of 6.8% over the same period for the previous year. On an annualized basis this represents a sales level of 5.35 million units, an increase of 16.1% over 2009 levels. Inventories increased 1.5% and are currently running at an 8 month supply level.The Median price for homes sold was $170,700, an increase of 0.4% year over year.
The First Time Buyer accounted for 44% of all transactions. 19% of all transactions were by Investors with a further 27% being a Cash purchase. 35% of all slaes were classified as Distressed.
Finally, 75% of all transactions were below the $250,000 level which shows price and the first time buyer are the driving force behind the current numbers.
]]>LaSalle II LSC vote for Wicker Park CPS Schoolhttp://www.kendooley.com/my-blog/2010/4/20/lasalle-ii-lsc-vote-for-wicker-park-cps-school.htmlKen Dooley2010-04-20T18:09:04Z2010-04-20T18:09:04ZElection of the Local School Counsel (LSC) LaSalle II Magnet School.
In this election, any Chicago resident can vote.
The vote will be on April 21, 2010 at LaSalle II located at 1148 N. Honore, just east of Damen on Division across from Moonshine.
Voting takes place between 6:00AM and 7:00PM and you will need 2 forms of ID (a picture ID and utility bill/voters registration/library card, etc).
In Chicago, most public schools have a Local School Counsel (LSC). The LSC helps set policy, approve the budget and manage the school. Each LSC is made up of six parents, two teachers, two community members and the principal. The LSC gives parents and the community a strong voice in the management of local education. This is LaSalle II’s first LSC election. Twelve parent candidates are running and only the top six will serve.
Please mark in your calendar now that you will vote at LaSalle II on April 21st.
]]>Wired Magazine on the iPadhttp://www.kendooley.com/my-blog/2010/4/2/wired-magazine-on-the-ipad.htmlKen Dooley2010-04-02T08:39:36Z2010-04-02T08:39:36ZA look at the new digital version of Wired Magazine on the iPad.
Great to see how traditional print media can be adapted and applied to the new Apple iPad with content presented in a fun and flexible way. The iPad could become the delivery portal for all print media allowing them to focus on being content providers and not worry about traditional print distribution.
Adapting Real Estate websites and print material to appear on the iPad will allow for a richer experience for those shopping for a home. All elements of marketing can be tied into one location for the benefit of the home buyer while the seller can track online visitor traffic and market stastics easily.
I personally look forward to the introduction of the iPad and adapting it to meet my sellers needs. Tying the rich content we produce to the tools now available through the iPad will allow me to market my sellers property via another platform that is likely to be embraced by the public more so than the iPhone.
]]>First Time Buyers Seminar, Leland Crossing, 3201 W Leland.http://www.kendooley.com/my-blog/2010/3/30/first-time-buyers-seminar-leland-crossing-3201-w-leland.htmlKen Dooley2010-03-30T16:26:51Z2010-03-30T16:26:51Z
First Time Buyers seminar.
March 31 at 3201 W Leland, 6:00pm-7:30.
Please call Ken Dooley at 312 305 4919 to attend.
Prices range from $219,900 - $292,900 and $265,900 - $349,900. "CB2 style" Models! Photos of Models 201 & 203 & common areas. FHA approved and special developer financing of 95% with no PMI at 4.375%.
View Model Units & Hear from a Real Estate Attorney, a Lender, Local Realtors and the Developer of 3201 W Lleland, why this is a great time to buy (Low interest rates, $8,000 Tax Credit, Low Prices).
]]>FHA Approved, Leland Crossing, 3201 W Lelandhttp://www.kendooley.com/my-blog/2010/3/30/fha-approved-leland-crossing-3201-w-leland.htmlKen Dooley2010-03-30T16:22:05Z2010-03-30T16:22:05Z
Now FHA Approved.
Stunning "Leland Crossing" with sleek brick, glass & steel facade sets the new standard in style & function for new construction. condos.Dramatic lobby, elevator, wide designer hallways, attached heated garage, & huge terraces.
Urban, soft-loft with 10 foot exposed concrete ceilings & ductwork, floor to ceiling windows, Chef's kitchens & sumptuous master suites.
"95% Financing available, No PMI, Flex Cr guidlines".
I often have the Opportunity as An Accredited Buyers Representative (ABR) to view many different types of units on behalf of my Buyer Clients. During a recent search, this particular property in Lakeview/Lincoln Park stood out for a number of reasons but primarily because of floorplan and finishes. The entire upper level lives like a million dollar SFH while the lower level has 3 Comfortable Bedrooms and a home office area. Truly a great alternative to a Single Family Home that allows for New Construction at an affordable price. Why settle for a basic home that lacks finishes and space for today's family living when you have a great alternative in this Duplex Down.
Here's some additional information:
Stunning New Constuction 3 Bedroom & Office Duplex Down.Tremendous Living Space all on one Floor Includes Formal Living Room, Dining Room, Eat-In Kitchen Area, Gourmet Kitchen including Wolf Range and Vented Hood, Breakfast Bar, Large Family Room With Walk-out Deck and Additional Deck above Garage. Entire Lower Level with Radiant Heat throughout. 3 Bedrooms on one Floor. Large Master Suite with Lavish Bath including Steam Shower, Body Sprays, Rain & Hand-Held Shower Heads. Garage Parking.
If you would like more information on this home or a home similar to this, don't hesitate to contact me and I would be happy to assist you with your search.
For more information, call Ken Dooley, Conlon Real Estate at 312 305 4919 or Contact me via email
]]>Video: East Village, Contemporary V's Lakeview, Vintage Condohttp://www.kendooley.com/my-blog/2010/2/19/video-east-village-contemporary-vs-lakeview-vintage-condo.htmlKen Dooley2010-02-19T09:03:35Z2010-02-19T09:03:35ZHomebuyer Tax Credit: What you need to knowhttp://www.kendooley.com/my-blog/2010/1/26/homebuyer-tax-credit-what-you-need-to-know.htmlKen Dooley2010-01-26T15:01:49Z2010-01-26T15:01:49Z
Homebuyer Tax Credit: What You Need To Know
Article From HouseLogic.com
Published: November 25, 2009
Long-time homeowners and first-time homebuyers may benefit from a new federal tax credit when purchasing a home.
There's happy news for current homeowners: If you intend to sell your home and buy another in 2009 or 2010, you may be eligible for a federal tax credit of up to $6,500. The Extended Homebuyer Tax Credit legislation, passed in November 2009, also shares the wealth with first-time homebuyers-up to $8,000.
Are you eligible?
You're considered a current homeowner under IRS rules if you've used the home being sold or vacated as a principal residence for five consecutive years within the last eight. You're a first-time homebuyer if you or your spouse haven't owned a home for the three years before your purchase.
In both cases, keep in mind that the credit amount you're eligible for begins to decrease for joint filers if your modified adjusted gross income is $225,000 ($125,000 for individuals); it disappears at $245,000 ($145,000 for individuals).
The ultimate amount of your credit depends on the price of the home and your income.
To claim your benefit:
Close on a new principal residence between Nov. 7, 2009, and April 30, 2010. You can settle as late as June 30, 2010, as long as you have a binding contract by April 30.
Don't spend more than $800,000 on your new home.
When you submit your tax return, attach a copy of the settlement statement you received at closing. Check with the IRS or your tax adviser to confirm what additional documentation may be needed.
Decide whether to:
•Apply the credit to your 2009 tax return, filed on or before April 15, 2010, •File an amended 2009 return; or •Apply the credit on your 2010 return, filed on or before April 15, 2011.
First-timers who purchased a home between Jan. 1, 2009, and Nov. 6, 2009, may also be eligible for the $8,000. Keep in mind that the income limits in this case are tighter than for those who purchased after Nov. 6.
Apply the credit to your 2009 taxes
To claim the credit on your 2009 tax return:
•Complete IRS Form 5405 to determine the amount of your available credit. •Apply the credit when you file your 2009 tax return or file an amended return. •Attach documentation of purchase to your return or amended return.
Which properties are eligible?
You can apply the credit to primary residences, including single-family homes, condos, townhomes, and co-ops.
Do I need to repay the tax credit?
No, not if you occupy the purchased home for three years or more. However, if the property is sold during this three-year period, the full amount of the credit will be recouped on the sale.
This article provides general information about tax laws and consequences, but is not intended to be relied upon by readers as tax or legal advice applicable to particular transactions or circumstances. Readers should consult a tax professional for such advice, and are reminded that tax laws may vary by jurisdiction.
