North Harbor Drive

Observations and insights into real estate happenings along N. Harbor Dr. in downtown Chicago

East Randolph Street, Chicago

Harbor Point short sale two bedroom unit

April 8th, 2010 · No Comments · Uncategorized

There is a two bedrooms facing the lake with unobstructed lake view and the south shore view listed for short sale at the Harbor Point, the 155 N Harbor Dr. This unit was listed for short sale last year and was under contract for a long time. I noticed that on 3/26/10, this unit came back to the market again as short sale. I have been reading materials about short sale and noticed that the waiting time for the bank to approve is getting shorter, can be as short as a couple of months as the bank do want to get as much as funds back too. This unit is listed for $539,000, and normally this kink of unit can sold for around $600,000, maybe the difference is not that big, that’s why it is still available now.

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