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1021 E 46th St Unit 2N

$199,000

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Address:	1021 E 46th St
City/ST:	Chicago,IL
Zip Code:	60653
Property Type:	Condo
New or Resale:	Resale
Bedrooms:	3
Bathrooms:	2
MLS#	08242616
Last Updated:	5/2/2013 8:05:42 PM
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A total and complete gut rehabbed building, modern layout, airy, bright and spacious condo with unobstructed views of trees and gardens .Comfortable and quiet. Plenty of storage including 13x6 master bedroom closet outfitted with California closets. Washer and dryer in unit. Big balcony faces East overlooking beautiful yard. Well run condominium association. Great block.

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About Appraisals >Fair Market Value

What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the property and neither is under any time pressure to buy or sell". Sounds great, but how is this price determined?

The starting point for determining a fair price may be an opinion of the value or "comparative market analysis". Such an analysis uses information on similar properties which are: 1) currently for sale, 2) already sold, or 3) expired properties (those which did not sell). Local, national and international trends and market conditions must also be evaluated.

By comparing similar properties in each of the three categories and the market conditions, appraisers, lenders and agents come very close to the maximum price that buyers would be willing to pay for a house.

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Q	What famous American monument is also the world's heaviest statue?
A	The Statue of Liberty, officially named "Liberty Enlightening the World", weighs 54.31 million pounds.
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Madelaine Gerbaulet-Vanasse, REALTOR�, real estate agent and broker for Chicago, Bronzeville and Hyde Park, Illinois home listings, property and land for sale

Madelaine Gerbaulet-Vanasse
Metro Pro Realty
1613 E 55th Street
Chicago, IL 60615
773-667-1000
Fax: 773-667-0000
thePros@metroprorealty.com
MetroPro Realty is a full service brokeage that is equipped to help in buyer, renter or seller.

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