Shared Flashcard Set

Details

Silver Tower
Specifics on Development - Preparation for Sales
56
Real Estate & Planning
Professional
03/26/2010

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Number of Sold Units
Definition
33% or 73
Term
Total # of Units
Definition
233
Term
# of Remaining Units
Definition
160
Term
The Receiver
Definition
Rally Capital - pre-foreclosure
Term
The Property Manager
Definition
Wolin-Levin
Term
Property Management Hours
Definition
Mon-Fri 8-5
Term
Open House Units
Definition
3001-3004, 3006-3009, 3101, 3105, 1404, 1908, 1507
Term
Developer
Definition
Stone Gate and Evans Construction
Term
Parking
Definition
$30,000

Levels 4-11
Term
Assessments
Definition
Include: water, basic cable, 24 hr doorman, fitness center, sundeck, common insurance, snow removal, on-site manager, and engineer
Term
Utilities
Definition
Responsibility of the Unit Owners
Term
Financing - 5%
Definition
MB-Financial
no PMI at interest you qualify for on a 30yr fixed
Term
PMI
Definition
PMI is extra insurance that lenders require for homebuyers with LTV of more than 80%
Term
MB Financial
Definition
Charie Santos - 847.653.2363
CSantos@mbfinancial.com

Applications in the lobby.
Term
Unit Warranties
Definition
Sold AS-IS

Home warranties at around $300/yr
Term
Punch Lists
Definition
Each unit will be available for punch list. Large issues will be brought to the receiver for review.
Term
Earnest Money
Definition
$1000 w/contract

Balance due after Atty. Review & Inspection - 7 Days

Held by Jameson Real Estate
Term
Contracts
Definition
Held by Lindsey and Ami
Must use our contract.
Must sign receiving prop report and lenders app.
Term
Building Amenities
Definition
- Glass Tower w/amazing views
- 1st floor entry w/ 24hr. doorman
- Sky lobby w/common area terrace & community room
- Fitness Center!
- Storage Lockers (4x4)
- Pet Friendly w/dog run
Term
Residence Features
Definition
- Floor to ceiling windows
- Painted Solid core wood doors
- Painted millwork throughout
- Pre-finished oak hardwood flooring
- Wall-wall carpeting in br's (luxury)
- Spacious oversized private balconies & terraces
Term
Kitchen Appliances
Definition
- KitchenAid stainless steel
- Fridge w/auto icemaker
- Multi-cycle dishwasher
- Self-cleaning gas oven/range w/sealed burners
- Over the range microwave
Term
Kitchen Amenities
Definition
- Granite Countertops
- Stainless steel double bowl sink
- Grohe Eurostyle faucet
- Pre-finished oak flooring
- Contemporary maple/cherry cabinets
Term
Bathroom Amenities
Definition
-12"x12" crema marfil marble floor tile & shower/tub surround tile
- Crema marfil marble countertop
- Grohe single lever faucets & tub/shower fixtures
- Framed Glass shower doors in Master bath (unit specific)
Term
Unit 01
Definition
1 Br; 1Ba
820 sqft int; 50 sqft balcony
Balcony off living room
Kitchen counter perp. to windows
Term
Unit 02
Definition
1 Br / 1 Ba + office
947 sqft int/85 sqft balcony
Balcony off living room
Kitchen counter parallel to windows
Term
Unit 03
Definition
2 Br/ 2 Ba
1,138 sqft int./76 sqft balcony
Balcony off living
Split-Brs
Kitchen counter parallel to windows
In-suite master bath
Term
Unit 04
Definition
1 Br/1 Ba
728 sqft int./55 sqft balcony
Balcony off of living
Kitchen counter parallel to windows
Bath rt of entryway
Term
Unit 05
Definition
1 Br/ 2 Ba + office
930 sqft int/55 sqft balcony
Office left of entry
In-suite master bath
Kitchen counter parallel to windows
Term
Unit 06
Definition
2 Br/2 Ba
1,080 sqft int/133 sqft Balcony
Split bedrooms
in-suite Master bath
Counters parallel to windows
26+' balcony length of living+kitchen
Term
Unit 07
Definition
2 Br/2 Ba + office
1,190 sqft int/120 sqft balcony
Split Bedrooms - Master Bath in-suite
Balcony off of office - south facing
Master north facing
counters parallel to windows
Term
Unit 08
Definition
1 Br/ 1 Ba
783 sqft int/68 sqft balcony
Kitchen counters perp. to windows
Separate bath and master
Term
Unit 09
Definition
1 Br/ 1 Ba
813 sqft int/52 sqft balcony
Split bath and master
Kitchen counters perp. to windows
Term
Unit 01/02
Definition
3 Br/ 2.5 Ba
1,810 sqft int./135 sqft balconies (2)
Split Bedrooms - in-suite master Ba.
Open Kitchen
approx. 525 sqft living
Term
Number of 1 Bedrooms
Definition
Term
Number of 2 Bedrooms
Definition
Term
Number of 3 Bedrooms
Definition
Term
Financing 20%+
Definition
3.875% on a 30 yr. fixed
Term
Closest Grocery
Definition
Jewel-Osco (Ohio & State) - .4m
Whole Foods (bw DB/St & Huron) - .4m
Orlean's Market(Ill & Franklin) - .1m
Trader Joes (Wabash & Ontario) - .5m
Term
Closest Gym
Definition
East Bank Club - .2m
Escape 2 Fitness - .2m
Symmetry Center - .2m
YMCA - .4m
Term
Closest Coffee Shop
Definition
Cyrano's Cafe & Wine - Wells & Ohio
Starbucks (Franklin & Sup.) - .2m
Caribou (KingsBurry & Ontario) - .3m
Term
Rental Parking Options
Definition
Term
Closest Bar
Definition
Sound Bar & Y Lounge - Ontario & Franklin
Rhino & Coyote Ugly - Erie & Orleans
Term
Closest Sushi
Definition
SushiSamba - Wells & Illinois
Sushi Naniwa - On Wells b/w Ohio & Ont
Ai Japanese - Orleans & Ontario
Term
Closest Food
Definition
Ed Debevics & Gino' East - .1m on Wells
Carson Ribs - around corner
Term
Closest Music
Definition
Catfish Music & Particle - just west
House of Blues - .4m (corncob)
Term
Alan Koppel Gallery
Definition
1 mile - on Mich & Chestnut
Famous - Contemporary International Artists
Term
ZG Gallery
Definition
.2m - Sup. & Orleans
variety of themes
Famous - worth a visit
Term
Art Chicago
Definition
Great Gallary - cannot miss
Merch Mart Plaza - B/W wells & orleans
Term
One Bedroom Pricing
Definition
Term
Two Bedroom Pricing
Definition
Term
Three Bedroom Pricing
Definition
Term
Closing Time
Definition
Term
Assessment Amounts
Definition
Term
Building Costs
Definition
Term
Comparable Buildings
Definition
Term
Flooring
Definition
Supporting users have an ad free experience!