March 12, 2010 – If you’ve been thinking about visiting Astoria Tower and checking out the furnished models, this weekend would be a good time to do so. An open house is scheduled for this Saturday and Sunday, March 13th and 14th, from 12pm to 5pm at the tower, which is located on 8 East 9th Street. Another reason is that Chicago real estate developer Frankel&Giles have lowered prices on the remaining unsold units in the 30 story South Loop high-rise and immediate occupancy is available on all of the floor plans.

According to the developer’s site, studios with 565 to 823 square feet are now priced from $164,800 while the one bedroom Chicago condos with 852 to square feet start at $199,800. For a one bedroom plus den with 993 square feet you can expect to pay from $245,800 and the two bedroom units with 1,063 to 1,803 square feet now start from $328,800.

Right now if you qualify, you can get a 30 year and 15 year balloon mortgage with 5% down, interest rates of 5.162% and 5.123% APR plus no mortgage insurance required. With 30% down you can lock in a single mortgage with a 4.178%APR.

Finishes include large windows, hardwood flooring and carpet in the bedrooms, granite counter tops, a stainless steel kitchen appliance package, 42 inch wood cabinets, washer/dryer hook-up, oversized bath tubs and pre-wiring for high-speed Internet, cable and phones. Residents of Astoria Tower get to enjoy the 10th floor, 12,261 square foot spa with sauna indoor swimming pool, massage room and whirlpool. Other building amenities include a 24 hour doorman, fitness center, sun deck, theather room, business center, billiards room and golf simulator.

With developer deals on interest rates, reduced prices and other incentives, it’s certainly still a good time to buy Chicago Condos.

[tags]Astoria Tower, Chicago Condos, Chicago Real Estate[/tags]

This entry was posted on Saturday, March 13th, 2010 at 1:12 am and is filed under Mortgage Information.