Shark bites: Three bedrooms at River City for 43 percent off the original price

Posted 1/4/2010 by Joseph Askins

The CondoShark normally checks in on Fridays, but we gave him some time off for the New Year. He's back to the grind today and has already found a treat downriver: a 1,550 square-foot three-bedroom at River City, 800 S Wells St, selling for 39 percent less than its 2006 sale price and almost 43 percent off its peak list price.

Unit #528 is a short sale currently priced at $199,900. Agent Bret Derrickson's listing describes the home as having granite countertops, stainless-steel appliances, and tile bath finishes. The buyer will have access to amenities like a boat marina, a 1-acre park, a 10,000 square-foot sundeck, and an on-site grocery.

Monthly assessments covering heat and A/C, water, common insurance, security, door staff, exercise facilities, pool, exterior maintenance, lawn care, scavenger, and snow removal are estimated at $951.

Unit #528 is just one of 10 units listed as short sales at River City. The other nine range from a 1,000 square-foot two-bedroom priced in the $140s all the way down to an 800 square-foot one-bedroom priced below $90,000.

Visit CondoShark.com for more information on the biggest discounts on homes in select Chicago neighborhoods and North Shore villages.