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Coldwell Banker

Wednesday, February 1, 2012

This Week’s “Wow House:” A $2.9 Million Gem With New England Charm

Can you smell the sea breeze? This 5,600 square-foot estate brings Nantucket design to the North Shore.

From elegant and stately mansions to modern, environmentally friendly abodes, The North Shore is chock-full of one-of-a-kind homes. Each week, Patch will feature one ‘Wow House’ that caught our attention. This week, a 5,600 square-foot Northbrook estate steals our hearts. Set on two acres down a private lane, the $2.9 million showstopper invokes New England with its cedar shake shingles, peaked rooflines, gables and expansive porches. Completed by builder Orren Pickell in 2005, 23 Bridlewood Road won a Crystal Key Award from the Home Builders Association of Greater Chicago for its architectural design. Last Week: Glenayre Mansion Makes This Week's 'Wow' House Inside this mansion, French doors lead through the foyer to an enormous family …

Thursday, January 12, 2012

Dealing With the Underwater Mortgage

Homeowners with no equity adjust to new real estate realities.

Can you imagine selling a home and bringing a check to the closing table rather than receiving money from the transaction?  With real estate values in Deerfield declining below the balance of the mortgage on many homes, walking away from the sale of a house with no funds or paying to sell is becoming a new normal for some.  Home values in Deerfield have dropped between 30 and 35 percent since 2007, according to Koenig & Strey Senior Vice President and Broker Manager Michael Mazzei. Carol Strauss, Coldwell Banker’s managing broker, agrees. “This is the most challenging market I’ve seen,” Straus said. “When I started (in 1979) interest rates were 17 percent and that was a challenge,” she added indicating today’s market is the hardest she has…

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RB

9:19 am on Thursday, January 12, 2012

The Government has no business taking on a guarantee of these bad real estate investments. The consumer and the bank made a bad bet. The market went down. Work it out. It's when the rest of us have to pay for their mistakes through Government guarantee's of mortgages that are currently on the back of the bank that we complicate this whole situation. It is unfortunate and hopefully the parties can…   more ›

Thursday, August 4, 2011

For Sale: ‘OMG’ House With Wright Ties

Patch tours $2.7 million Riverwoods home designed by famed architect's youngest apprentice.

When it came to designing her home, Joyce Marcus knew exactly what she wanted, she also knew precisely who she wanted to build it.  “You know how sometimes you meet someone and you’re symbiotic, that’s how it was with Dennis and I,” Marcus remembered of her first interaction with architect Arthur Dennis Stevens. Stevens happened to be one of Frank Lloyd Wright’s youngest apprentices and lived with the noted architect for several years. Marcus first met her dream architect when she moved her business to an office building in Des Plaines. Stevens not only designed the facility but was working there at the time. So it didn’t take Marcus very long to introduce herself.  “I walked in their office and I said, ‘This building is amazing,’ ” Marcus…

Linda S.

9:36 am on Friday, August 5, 2011

An Arthur Dennis Stevens home in Highland Park was Landmarked in 2010. Stevens designed that home when he was an Intern Architect with Don Erickson; many years later Stevens designed a small addtion to his original design. A "pagoda" home Stevens built for himself in Palatine is lovingly documented in the current owner's video. See: http://thesnoopster.com/2009/06/first-knock-knock-stop-palatine…   more ›

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