July 4, 2009 – You may recall that Emerald has been offering their current residents up to $5,000 in upgrades or one year of free assessments for a buyer referral that results in the sale of one of the Chicago condos in the high-rise. According to the developer, this incentive is good through July 15th. And another July 15th deadline is for registration for their F.H.A. & V.A. Informational Presentation seminar to be held on July 18th at noon with lunch provided free.

The seminar will be held at the Emerald sales center in the tower at 123 South Green Street and is presented by Lincoln Mortgage and Funding Corporation, which is this Chicago real estate’s preferred lender. Some of the topics covered in the seminar include FHA loans and how to get pre-approved for one on site by Lincoln Mortgage. The seminar will also cover veterans loans and rehab loans plus explain the entire mortgage process and the $8,000 first-time home buyer tax credit. Emerald’s developer, Senco Properties, is also offering to pay the closing costs for anyone who purchases a condo within 48 hours of participating in the seminar.

The 212 units in Emerald are about 60% sold. The prices listed by the developer are between $270,000 and $326,000 for one bedroom, one bath condos with 765 to 794 square feet. A one bedroom, one bath plus den with 900 square feet is $312,000 to $385,000. The two bedroom, two bath units with from 1,250 to 1,297 square feet are priced between $394,000 and $629,000. Assessments run from around $225 to $345 with parking an additional $35,000 and $25 assessment.

You can find other eco-friendly developments like Emerald in the Chicago New Construction Condos section.

[tags]Emerald, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Saturday, July 4th, 2009 at 9:03 pm and is filed under Mortgage Information.