Sales (and list) prices on North Side luxury resales are trending upward again, so if you're an owner of a distinguished property in, say, the Gold Coast, why wouldn't you test your real estate acumen and list in brazen fashion? And if you're home's already listed and has absorbed price chops dating to the fall of 2010? Big deal. Just start upping it like nothing ever happened. That appears to be the strategy with this remarkable 1883 Niagara Sandstone rowhome at 67 E Bellevue Place. The tall and slender five-bed logs 4,000 square feet, oak floors with walnut borders, stone & marble fireplaces, and a troop of thousand-pound statues and vessels. There's not much for yard space, and the home backs up to the blank wall of the former Esquire Theater (in the midst of retail transformation). The kitchen also feels a little squat for its grandiose surroundings. A year ago, under different representation, a prior PriceUpper attempt was lodged. That one didn't succeed, and the ask reset to $1.599M when the home re-listed in February. A pair of hikes now has the price all the way up to $1.8M ($125K above its '05 boom-time sale price). Is someone gonna call the bluff, or should we get back to the business of building another bubble?
·Listing: 67 E Bellevue Place [RE/MAX]