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Old 05-26-2017, 10:07 AM
 
1,851 posts, read 2,168,747 times
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Quote:
Originally Posted by damba View Post
Interesting. In your experience is that mostly in the City of Chicago in certain areas, or suburban Cook county listings too? I don't remember seeing many suburban Cook listings that added in the sq footage of a finished basement. New construction by Lincoln Park, definitely

cheers
Lincoln Park new construction will probably include the basement it's finished. A bungalow in Jefferson Park? Probably not.

I am 150% positive that suburbs don't include the basement.
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Old 05-26-2017, 10:25 AM
 
1,302 posts, read 1,949,581 times
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Quote:
Originally Posted by IrishIllini View Post
Lincoln Park new construction will probably include the basement it's finished. A bungalow in Jefferson Park? Probably not.

I am 150% positive that suburbs don't include the basement.
Again, in the city of Chicago, it is perfectly legal to include basement square footage in total square footage when listing a home on the MLS. Not sure why you think a new construction home in LP would, but a bungalow in Jefferson Park would not? Your increasing sq footage in the listing and lowering cost/sq foot. I just looked at ten listings in Jefferson park, and all 10 had basement included in listing. Not sure about the suburbs, but it's definitely possible certain communities don't allow it (example: in NYC you cannot list Basement sq footage).

As for cost of living (Chicago vs. Dallas); I just ran a report in Zillow on 6 neighborhoods of fairly equal stature (though the Chicago neighborhoods had like 7x the number of sales)

Dallas:
Preston Hollow
University Park
Lakewood
Northeast Dallas
Northwood
Greenway Parks
Average Sale Price/Sq Ft of above neighborhoods: $224/sq ft.

Chicago:
Gold Coast
Lincoln Park
Lakeview
Northcenter
Lincoln Square
Wicker Park
Average Sale Price/Sq Ft of above neighborhoods: $386/sq ft.

The link doesn't show the stats of all the hoods combined, but you can easily find them by entering each hood:
https://www.zillow.com/preston-hollo...x/home-values/
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Old 05-26-2017, 10:28 AM
 
1,851 posts, read 2,168,747 times
Reputation: 1283
Quote:
Originally Posted by FAReastcoast View Post
Again, in the city of Chicago, it is perfectly legal to include basement square footage in total square footage when listing a home on the MLS. Not sure why you think a new construction home in LP would, but a bungalow in Jefferson Park would not? Your increasing sq footage in the listing and lowering cost/sq foot. I just looked at ten listings in Jefferson park, and all 10 had basement included in listing. Not sure about the suburbs, but it's definitely possible certain communities don't allow it (example: in NYC you cannot list Basement sq footage).

As for cost of living (Chicago vs. Dallas); I just ran a report in Zillow on 6 neighborhoods of fairly equal stature (though the Chicago neighborhoods had like 7x the number of sales)

Dallas:
Preston Hollow
University Park
Lakewood
Northeast Dallas
Northwood
Greenway Parks
Average Sale Price/Sq Ft of above neighborhoods: $224/sq ft.

Chicago:
Gold Coast
Lincoln Park
Lakeview
Northcenter
Lincoln Square
Wicker Park
Average Sale Price/Sq Ft of above neighborhoods: $386/sq ft.

The link doesn't show the stats of all the hoods combined, but you can easily find them by entering each hood:
https://www.zillow.com/preston-hollo...x/home-values/
https://www.redfin.com/blog/2013/08/...your-home.html

First off, start by referring to your city’s building department records. Many city and county records are now available online, which makes getting this info much easier than it used to be. Some updates – like unpermitted remodeling – may not be reflected in the records, but it will still provide a good baseline.

Then, familiarize yourself with basic ANSI guidelines for calculating square footage for single family homes. Practices can vary slightly from market to market, but these rules apply to most areas in the country:

Below grade spaces (basements, dens, etc.) do not usually count toward a home’s square footage. Even a finished basement can’t be counted toward a home’s Gross Living Area (GLA) but it can be noted separately in the listing.

The ANSI method specifies measuring from the exterior of the house, but wall width is not usually subtracted to account for actual living space.

Stairways and closet areas are included.

Finished attic square footage is included if an area has at least seven minimum feet of clearance.

Covered, enclosed porches can only be included if they are heated using the same system as the rest of the house.

Garages, pool houses, guest houses or any rooms that require you to leave the finished area of the main house to gain access are not counted.
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Old 05-26-2017, 10:47 AM
 
Location: Chicago
6,160 posts, read 5,705,622 times
Reputation: 6193
Quote:
Originally Posted by pete6032 View Post
Where do you live, Garfield Park or Englewood?
Nope, Bridgeport. It's one of the safest neighborhoods in the city.



And to those saying that "you can get the same home in Chicago for Dallas prices", just compare these two homes.

Chicago: https://www.trulia.com/property/3262...icago-IL-60616
Dallas: https://www.trulia.com/property/3074...allas-TX-75249

I think we all know which one is nicer.
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Old 05-26-2017, 11:23 AM
 
28,455 posts, read 85,339,930 times
Reputation: 18728
Default Exactly...

Quote:
Originally Posted by lepoisson View Post
Nope, Bridgeport. It's one of the safest neighborhoods in the city.



And to those saying that "you can get the same home in Chicago for Dallas prices", just compare these two homes.

Chicago: https://www.trulia.com/property/3262...icago-IL-60616
Dallas: https://www.trulia.com/property/3074...allas-TX-75249

I think we all know which one is nicer.
The relative "livability" for the newer home in Dallas is orders of magnitude greater for MOST families than the the Chicago home. To be sure THAT is precisely why DALLAS is still growing! The experience of IrishIllini's ONE friend is in NO WAY representative of the broader trends that continue to favor places with nearly UNLIMITED ability for expansion. It is just silly to try go against the VOLUMINOUS data and say there is parity. Many very acceptable newer developments are actively being sold inside Dallas for MUCH LESS than inferior housing in Chicago.
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Old 05-26-2017, 11:49 AM
 
1,851 posts, read 2,168,747 times
Reputation: 1283
Quote:
Originally Posted by chet everett View Post
The relative "livability" for the newer home in Dallas is orders of magnitude greater for MOST families than the the Chicago home. To be sure THAT is precisely why DALLAS is still growing! The experience of IrishIllini's ONE friend is in NO WAY representative of the broader trends that continue to favor places with nearly UNLIMITED ability for expansion. It is just silly to try go against the VOLUMINOUS data and say there is parity. Many very acceptable newer developments are actively being sold inside Dallas for MUCH LESS than inferior housing in Chicago.
I've been saying housing in Dallas is typically more recent construction. That's a given as Dallas didn't experience its boom until after WWII. Chicago and essentially all of Cook County was built out by then. You can find comparable properties like that in Chicago, they're just further from the core. How well those McMansions are built in either Dallas or Chicago is up for debate. They're typically cheap finishes and of poor build quality, but that's an entirely different discussion.

https://www.redfin.com/IL/Geneva/372.../home/16917330
(better schools than the Dallas example)

https://www.redfin.com/IL/Geneva/101.../home/16979391
(right outside of DT Geneva. Within walking distance of Metra)

https://www.redfin.com/IL/Romeoville.../home/23250322
(schools a bit meh, but no different than Dallas example)

https://www.redfin.com/IL/Plainfield.../home/23277091
(nice home, good schools)

Also this guy with Hinsdale Central HS
https://www.redfin.com/IL/Clarendon-.../home/18022635

Point being is Dallas does not have a monopoly on low cost, low quality McMansions. They exist essentially everywhere in the United States.
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Old 05-26-2017, 11:57 AM
 
335 posts, read 333,998 times
Reputation: 258
Quote:
Originally Posted by IrishIllini View Post
I've been saying housing in Dallas is typically more recent construction. That's a given as Dallas didn't experience its boom until after WWII. Chicago and essentially all of Cook County was built out by then. You can find comparable properties like that in Chicago, they're just further from the core. How well those McMansions are built in either Dallas or Chicago is up for debate. They're typically cheap finishes and of poor build quality, but that's an entirely different discussion.

https://www.redfin.com/IL/Geneva/372.../home/16917330
(better schools than the Dallas example)

https://www.redfin.com/IL/Geneva/101.../home/16979391
(right outside of DT Geneva. Within walking distance of Metra)

https://www.redfin.com/IL/Romeoville.../home/23250322
(schools a bit meh, but no different than Dallas example)

https://www.redfin.com/IL/Plainfield.../home/23277091
(nice home, good schools)

Also this guy with Hinsdale Central HS
https://www.redfin.com/IL/Clarendon-.../home/18022635
Historic homes that are "charming" are full of problems too. The house we have rented for past year is currently listed for almost a million dollars. I've seen loads of problems with it over the past year despite it being "renovated" and looking extremely pretty from the outside (good luck to whoever buys it)! Certainly there are super cheap modern homes, but just because something has a good layout and isn't "old" doesn't mean it's garbage.
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Old 05-26-2017, 12:01 PM
 
4,011 posts, read 4,247,845 times
Reputation: 3118
Quote:
Originally Posted by IrishIllini View Post
https://www.redfin.com/IL/Romeoville.../home/23250322
(schools a bit meh, but no different than Dallas example)

https://www.redfin.com/IL/Plainfield.../home/23277091
(nice home, good schools)
Aren't Romeoville & Plainfield schools (202) about the same(?)
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Old 05-26-2017, 12:08 PM
 
1,851 posts, read 2,168,747 times
Reputation: 1283
Quote:
Originally Posted by damba View Post
Aren't Romeoville & Plainfield schools (202) about the same(?)
Looks like Plainfield North is ranked considerably higher than Plainfield East. I don't know why. Maybe a larger low income or ELL population that feeds into PEHS?
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Old 05-26-2017, 12:24 PM
 
28,455 posts, read 85,339,930 times
Reputation: 18728
Default Good grief, if I said you should have your eyes checked it would be insult to the blind people I know...

Quote:
Originally Posted by IrishIllini View Post
I've been saying housing in Dallas is typically more recent construction. That's a given as Dallas didn't experience its boom until after WWII. Chicago and essentially all of Cook County was built out by then. You can find comparable properties like that in Chicago, they're just further from the core. How well those McMansions are built in either Dallas or Chicago is up for debate. They're typically cheap finishes and of poor build quality, but that's an entirely different discussion.

https://www.redfin.com/IL/Geneva/372.../home/16917330
(better schools than the Dallas example)

https://www.redfin.com/IL/Geneva/101.../home/16979391
(right outside of DT Geneva. Within walking distance of Metra)

https://www.redfin.com/IL/Romeoville.../home/23250322
(schools a bit meh, but no different than Dallas example)

https://www.redfin.com/IL/Plainfield.../home/23277091
(nice home, good schools)

Also this guy with Hinsdale Central HS
https://www.redfin.com/IL/Clarendon-.../home/18022635

Point being is Dallas does not have a monopoly on low cost, low quality McMansions. They exist essentially everywhere in the United States.
The listing lePoisen shared was for a FIVE BEDROOM four bath nearly ALL BRICK home with granite counters SS appliance, crown molding / chairraile and over 3k sq ft for $250k. It was NOT a 3br 2.5ba townhome with just 1700 sq ft for $273k, nor was it a 1436 sq ft 3br 2ba farmhouse for $274.5K, nor a 4 br 2ba 2113 sq ft tract home (no crown moldings, no chair rail, no granite countertops, no SS appliances, mostly vinyl siding) for $269K, nor a 2108 sq ft 4br2.5 bath with 100% vinyl siding laminate counters, bottom of the line white appliance for $27k, nor a 3br 2 ba Cape Cod on the busiest street in CH with a tiny 1116 sq ft living area for $259,993... Even if any of those have basements they are giving up LOTS of livable finished space to the Dallas home.

The Dallas home has very nice interior finishes, you'd be hard pressed to find something similar at DOUBLE the price at a similar distance from the traditional employment centers of our region...

Last edited by chet everett; 05-26-2017 at 12:34 PM..
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