November 27, 2009 – Sheldon Good and Company isn’t taking much of a break from the recent Motor Row Lofts auction or the upcoming one day sale at the same Chicago real estate development. On Wednesday, December 16th there will be a “phase II auction – developer closeout” sale of 18 luxury condos located at the Seven Bridges Condominiums in Woodridge. Another auction too place back in July of this year when some 40 units went up for bid at this development.

The auction itself will be held at the Lisle Hyatt on 1400 Corporetum Drive in Lisle, Illinois. You need to be there by 6PM to register and the actual bidding starts at 7PM. All of the condos are to be sold, with minimum bids from $125,000. As what the auctioneer is calling a quick closing incentive, there will be a 2% discount on the high bid price to anyone who wins one of the auctions and can close on the unit within ten days of the signing contract to buy. Also, a 5% buyer’s premium is going to be tacked onto the winning high bid on each of these condos.

These condos have from one to three bedrooms and have from 1,200 to 1,760 square feet of living space. Some of the condos up for bid are already finished out and some aren’t, so buyers will be able to still pick out what finishes they want. The condos are located near the Seven Bridges Golf Club. Residents also have close, easy access to all of the restaurants, shops and entertainment on Main Street at Seven Bridges.

The open house dates for viewing these condos are on November 29th from noon to 3PM. You can look again on December 5th, 6th, 12th and 13th from noon to 3PM. And two last open houses will be held on December 9th and 15th from 3PM to 6PM.

And if you are in the market for Chicago Condos that are in the downtown section of the city, there are plenty of them available at reduced prices right now.

[tags]Seven Bridges Condominiums, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Friday, November 27th, 2009 at 6:26 pm and is filed under Mortgage Information.