The Shore Times - May Issue

may 2019

issue two

the

PRESORTED STANDARD U.S. POSTAGE PAID PERMIT NO. 1096 CAROL STREAM, IL

shore times

what to look for in a vacation home page 2

5 updates to consider before selling a home

212 E. Ohio Street, Suite 200 Chicago, IL 60611

page 3

featured developments page 7

If your property is currently listed with another broker, this mailer is not a solicitation for business.

north shore market update With the peak season for real estate in full swing, it’s an

opportune time for North Shore buyers and sellers to make a move.

Following is an overview of local market trends.

95%

825

132 days

homes sold on the

average days

list price for homes

north shore ytd

on market

with no price

sold price

4 sales

/original

over $4 million

changes

BrokerMetrics LLC, 1-1-19 to 4-4-19, Evanston, Wilmette, Winnetka, Kenilworth, Glencoe, Highland Park, Lake Forest, Lake Bluff, Northfield, Deerfield, Glenview, Northbrook

we’re local. we’re global.

In today’s competitive marketplace, a global marketing strategy is essential for luxury properties.

That’s why @properties is an exclusive member of Luxury Portfolio International®, the luxury marketing division of Leading Real Estate Companies of the World®.

Know all the rules Recently many vacation areas have changed the local rules on short-term rentals. Some homes can’t be used as rental properties. Other communities may ban pets or certain activities; each of these could potentially lessen your pool of renters. If you plan to rent out the home at any point you need to know the rules. Again, a local real estate pro can help familiarize you with the relevant ordinances, the homeowners’ association rules and other changes that may be under consideration. Knowing the nuances will help you find a place you can use to its full potential.

what to look for in a vacation home.

written by don shea

With summer just around the corner, some North Shore homeowners may

be thinking about purchasing a vacation property.

Luckily, we happen to be just a short drive from some of the best vacation destinations in the region – from Lake Geneva and the surrounding lake areas of Southeast Wisconsin to Harbor Country and St. Joseph, Michigan.

Owning a second home is a big decision. As with any major purchase, there are a number of things to take into consideration beforehand. If you are thinking about taking the plunge, here are a few starters to help you find the right home.

Choose the destination carefully This seems obvious, but it’s one of the most important things to take into account. If your goal is to find a place your family and friends can visit frequently, without the headaches of traffic and long delays, the destination needs to be within an easy driving distance. On the other hand, if your goal is to generate rental income, distance may not be an issue but you need to know that the area has strong rental demand. Both options are good. Find a local real estate broker who knows the ins and outs of the community and can give you good insights.

Also be sure to spend enough time there yourself, as a visitor, so you know it’s the right fit.

Luxury Portfolio is a unified collection of the world’s most experienced, visible and highly-regarded experts in luxury real estate. Founded in 2005 as the premium division of Leading Real Estate Companies of the World, Luxury Portfolio markets a selection of the network’s extraordinary homes.

Find a property that will suit your lifestyle long term Your personal tastes and lifestyle will dictate the location and, of course, the type of home you purchase. If you live an active lifestyle when you’re on vacation, a home with easy access to recreational activities is definitely in order. If you prefer low maintenance, a condo could be your best bet. A great exercise that can help you decide is to list all your needs and wants. Keep in mind that over time your interests will evolve, and your family and groups of friends may grow. A second home is a decision with long-term implications. You will have the chance to enjoy your vacation property for years to come, so take into consideration how the home can accommodate an evolving lifestyle.

Calculate all the costs There are far more costs to consider than the purchase price alone, from taxes and management fees to routine maintenance, insurance, and utilities. Knowing all the expenses is crucial when it comes to owning a property that isn’t your full-time home. Make sure you are aware of all the costs that come with the property so you aren’t in for any surprises down the road.

Have a maintenance plan How will the property be managed when you return home? If your goal is a vacation rental property, you may want to find a local property manager. Not only can they help with maintenance, but some will help find renters and handle tenant requests.

These are just a few things to think about during your search. Buying a vacation home is an exciting endeavor, and the more prepared you are, the more seamless and enjoyable the process will be.

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insights of homes. “Greige,” a tone that can give the appearance of either light grey or beige, is a great choice.

5 updates to consider

2

before you sell your home

Kitchen improvements. You don’t have to completely gut your kitchen to give it a move-in ready look. For a minor remodel, consider refacing or repainting outdated cabinets and drawers or installing new hardware with a modern design. Cabinets are one of the first things people notice when they walk into a kitchen, and this is a simple way to change their appearance without replacing them entirely.

While everyone has different preferences, converting cabinets to white tends to yield the most positive reaction.

You can also give your kitchen a facelift by upgrading the light fixtures and appliances, replacing the countertops, or adding a new backsplash.

written by natasha o’connor

One common theme among today’s

homebuyers is that many are looking for a home that’s move-in ready. If you’re planning to sell, here are a few updates that can help give your home an updated look and make it more attractive to buyers: 1

Paint your home. A fresh coat of paint can instantly enhance the appearance of your home and is one of the most cost-effective things you

Lynn Sage lost her battle with breast cancer at age 39. Her daughters, Laura and Halee, established The Lynn Sage Foundation to fund innovative research in her honor. The Lynn Sage Foundation exclusively funds The Lynn Sage Scholars Program at Northwestern and Rush Universities. @properties is proud to partner with the Lynn Sage Foundation as our 2019 beneficiary of @gives back. atproperties.com/atgivesback

can do. Start by focusing on high-traffic areas like main hallways, kitchens and bathrooms. In terms of color, go for something more neutral to ensure your home appeals to the largest number of potential buyers.

Light grey or light beige tones are popular among brokers and stagers when they work with sellers to neutralize and update the look

3

Bathroom modifications. While plumbing and electrical upgrades can be costly, smaller bathroom upgrades can still make an impact.

If a quick makeover is in order, consider new paint or shelving. Other common upgrades include replacing the vanity, tile, light fixtures and countertops.

4

Flooring. Hardwood floors top many buyers’ wish lists due to their appearance and durability.

If you already have hardwood floors, refinishing them can quickly elevate the look and feel of your home. Homeowners who want to replace their carpeting have a variety of options, from real hardwood to less expensive alternatives like laminate or engineered wood flooring.

5

Exterior improvements. Curb appeal can have a significant impact on how many buyers will be enticed to take a closer look at your home.

Attractive landscaping enhances curb appeal and makes a lasting first impression on potential buyers. After all, it’s the first thing buyers will see in person and probably in photos, too.

According to Remodeling’s 2018 Cost vs. Value Report, other updates to the exterior of the home such as replacing garage doors and front entry doors can offer the greatest return on investment.

It is important to start the conversation with your broker before you are ready to list your home so you can get their advice and ensure that you are making the best first impression when entering the market. For other selling tips, read more on our blog at atproperties.com/blog, and if you’re considering making a move, contact a broker.

hot on the market pages 4-6 >>

atproperties.com · 3

1034 WESTMOOR ROAD, WINNETKA · $1,349,000 Leslie Maguire · 847.899.9420 · 1034WestmoorRd.info

27104 SOUTHWOODS LANE, METTAWA $2,500,000 · 27104Southwoods.info

13675 LUCKY LAKE, LAKE FOREST $1,590,000 · 13675LuckyLake.info

1260 FIORE DRIVE, LAKE FOREST $1,000,000 · 1260Fiore.info

45 S WYNSTONE DRIVE, NORTH BARRINGTON $739,000 · 45SWynstone.info

621 WARWICK ROAD, KENILWORTH · $1,195,000 Barbara Mawicke · 847.881.0200

Joanna Koperski · 847.668.0096

375 STERLING ROAD, KENILWORTH · $1,199,000 Barbara Mawicke · 847.881.0200 · 375SterlingRoad.info

568 EARLSTON ROAD, KENILWORTH · $1,299,000 Barbara Mawicke · 847.881.0200 · 568EarlstonRd.info

1153 PINE STREET, WINNETKA · $1,650,000 Louise Eichelberger · 847.612.3347 · 1153PineSt.info

463 PROVIDENT AVENUE, WINNETKA · $1,597,000 Susan Davis · 847.736.2443 · 463Provident.info

999 N LAKE SHORE DRIVE #2C, CHICAGO · $1,399,000 Barbara Mawicke · 847.881.0200 · 999LakeShoreDr2C.info

212 RALEIGH ROAD, KENILWORTH · $1,499,000 Barbara Mawicke · 847.881.0200 · 212RaleighRoad.info

321 RALEIGH ROAD, KENILWORTH · $1,674,000 Barbara Mawicke · 847.881.0200 · 321RaleighRoad.info

211 ESSEX ROAD, KENILWORTH · $1,725,000 Barbara Mawicke · 847.881.0200 · 211EssexRoad.info

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opportunities

115 ROBSART ROAD, KENILWORTH · $1,785,000 Barbara Mawicke · 847.881.0200 · 115RobsartRoad.info

305 KENILWORTH AVENUE, KENILWORTH · $1,725,000 Barbara Mawicke · 847.881.0200 · 305KenilworthAvenue.info

1521 N STATE PARKWAY, CHICAGO $10,300,000

1358 N DEARBORN STREET, CHICAGO $4,900,000

1521NStateParkway.info

1358NDearbornStreet.info

Doug Smith · 773.531.0794

NEW CONSTRUCTION 1240 ASBURY AVENUE, WINNETKA · $2,599,000 Jena Radnay · 312.925.9899 · 1240AsburyAvenue.info

930 HUNTER ROAD, WILMETTE · $499,999 Carin Frucci · 708.207.2201 · 930Hunter.info

1200 SPRUCE STREET, WINNETKA $1,850,000 · 1200Spruce.info

531 LINDEN AVENUE, WILMETTE $1,499,000 · 531Linden.info

4403 ROBERTS ROAD, ISLAND LAKE · $1,425,000 Lisa Buncic · 847.275.0424 · 4403Roberts.info

1208 FOREST AVENUE, WILMETTE $1,575,000 · 1208ForestAvenue.info

159 E WALTON PLACE #19B, CHICAGO · $3,900,000 Beth Wexner · 312.296.3223 · 159Walton19B.info

2120 BEECHWOOD AVENUE, WILMETTE $1,075,000 · 2120Beechwood.info

Annika Valdiserri · 312.504.5020 720 THORNMEADOW ROAD, RIVERWOODS · $1,550,000 Barbara Gould/Beth Duffy · 847.561.4422 · 720ThornMeadowRd.info

atproperties.com · 5

opportunities

665 SYCAMORE LANE, GLENCOE $899,000 · 665Sycamore.info

853 GROVE STREET, GLENCOE $1,665,000 · 853Grove.info

195 OLD GREEN BAY ROAD, GLENCOE $1,819,900 · 195OldGreenBay.info

553 WASHINGTON AVENUE, GLENCOE $1,315,000 · 553WashingtonAvenue.info

377 SUNSET ROAD, WINNETKA · $1,495,000 Leslie Maguire · 847.899.9420 · 377SunsetRoad.info

Elise Rinaldi · 847.946.8444 326 ESSEX ROAD, KENILWORTH Barbara Mawicke · 847.881.0200 · 326EssexRoad.info

278 RIDGEWAY STREET, ST. JOSEPH, MI $3,750,000 · 278Ridgeway.info

1744 N M-63, BENTON HARBOR, MI $2,999,000 · 1744NM-63.info

1090 EDGEWOOD ROAD, LAKE FOREST · $2,395,000 Andra O’Neill · 847.650.9093 · 1090Edgewood.info

14092 LAKESHORE ROAD, LAKESIDE, MI $1,390,000 · 14092Lakeshore.info

17170 RIVER BLUFF, NEW BUFFALO, MI $1,000,000 · 17170RiverBluff.info

Will Schauble · 312.860.4192 123 KENILWORTH AVENUE, KENILWORTH · $3,295,000 Barbara Mawicke · 847.881.0200 · 123KenilworthAve.info

6

Introducing the International Collection at 1000M featuring luxuriously efficient condominium residences with interiors by renowned Chicago-based designer Kara Mann.

Starting on Level 41, the International Collection includes studio, 1-, 2- and 3-bedroom floor plans ranging from 305 to 870 square feet, and offering full access to 1000M’s 40,000 square feet of amenities and resident services.

International Collection from $300,000 & Signature Collection from $600,000.

Kelmscott Park offers maintenance-free single family homes and spacious condominiums steps from downtown Lake Forest. Interiors feature upscale finishes and amenities like hardwood floors, a Sub-Zero Wolf appliance package and private outdoor space.

Residents also have access to the KP Club featuring a fitness center, catering kitchen and lounge areas. Single family homes from $1.4 million & condos from $680,000.

Model now open at 1155 Kelmscott Way. Immediate availability.

847.234.1800 · kelmscottpark.com

312.781.7510 · 1000southmichigan.com

The maintenance-free townhomes at Gateway Northbrook offer unprecedented access to in-town amenities like Village Green Park, Sunset Foods, Kamehachi and more. Staying in?

Gateway’s gracious 3-bedroom floor plans with designer finishes turn even the most low-key night into a celebration of relaxed luxury. Starting from the low $600,000s.

Model home opening this summer.

Now under construction in Chicago’s hot River North neighborhood, Superior House offers expansive interiors by acclaimed designer Gary Lee Partners. The 34 limited-edition homes feature floor-to-ceiling windows, private corner terraces with built-in grilling station, Sub-Zero, Wolf & Miele appliances and custom Armazem cabinetry. The long list of amenities includes 24-hr door staff, fitness & yoga center, lounge with chef’s kitchen, sundeck, outdoor bar, fenced dog run and more. 2-, 3-, and 4-bedroom condos from $999,500. Delivering Spring 2020.

224.326.0378 · gatewaynorthbrook.com

312.626.0366 · superiorhouse.com

atproperties.com · 7

KITCHEN • CABINETRY • BATH • DECORATIVE HARDWARE CHICAGO, NORTH SHORE & SUBURBS 8 SHOPSTUDIO41.COM