Metrolofts

Arlington Heights is home to many excellent luxury condominium and loft developments in the heart of a renewed downtown. If you’re in the market for a condominium, but don’t want to trade in a suburban lifestyle, these condominiums are the answer for you.

One of the newest developments on the market today is Metrolofts, a seven-story building located at 10 South Dunton Avenue in the heart of downtown Arlington Heights. Construction on Metrolofts was completed in 2006, and there are still units available.

Buyers can choose from several different floor plans at Metrolofts. One to four-bedroom layouts are available. There are currently several properties listed on the market. A one bedroom and one bath unit at Metrolofts is selling for $288,300.

A two-bedroom and two bath unit is listed at $379,900. The unit offers 1,219 square feet of total living space. A two-bedroom penthouse offers a number of upgrades and excellent views for $425,000.

All units at Metrolofts come with an excellent array of amenities. The luxury building offers a modern gourmet kitchen with a stainless steel appliance package, granite countertops, and custom cabinets. Buyers can also upgrade to a Subzero fridge, Bosch oven and dishwasher, and Corian countertops.

Each unit also comes with hardwood floors in the main living areas, private balconies, and an in-unit washer and dryer.

The building offers residents a modern health club, extra storage, and indoor heated parking.

Residents of Metrolofts will enjoy a prime location in the heart of downtown Arlington Heights. As more new luxury condominium developments rejuvenate the area, many new businesses are opening every day.

Commuters will love the quick and easy connections to downtown Chicago via the Metra station located just a block away from home.

Residents can also leave the car at home and enjoy a night out on the town. Downtown Arlington Heights offers both casual and fine dining, theatres, bars, and cultural events held throughout the year. All of this is found within blocks of Metrolofts.

There are also several parks in the area that offer a welcome respite from the summer heat. Recreation Park and Cronin Park are both excellent options for kids to get out and enjoy a warm day.

If you’re looking for a condo in downtown Arlington Heights, keep up with the latest news coming out of the real estate market in the area to make the right decision for you and your family.

Problems in the mortgage market and steadily increasing prices have taken a toll on condo sales in Arlington Heights. According to the Chicago Association of Realtors, a total of 128 condos were sold in the area during the third quarter, a six percent drop from last year and the lowest total sales for the quarter since 1998.

Condo owners and developers are facing one of the most difficult markets in recent memory. It now takes an average of 126 days to find a buyer in Arlington Heights, a 75 percent jump from last year.

The drop in demand for condos in the area has led many sellers to offer a reduced price. The average sales price dropped by six percent during the third quarter, and could continue to drop if there aren’t any signs of improvement in demand in the area.

Be on the lookout for excellent deals in the short term in Arlington Heights.

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