June 7, 2023

Exploring the Allure of the 3 Bedroom at Lancaster

June 7, 2023

Exploring the Allure of the 3 Bedroom at Lancaster

Exploring the Allure of the 3 Bedroom at The Lancaster

Step into the world of luxury living in Lakeshore East, where the 01 tier at the Lancaster (201 N Westshore Dr.) reigns supreme as one of the most sought-after 3-bedroom floor plans in the neighborhood.
The combination of desirable features, spacious layout, panoramic views, and lower price point makes the 01 tier at the Lancaster an appealing choice for prospective buyers in Lakeshore East. Below are 6 key features of this 3 bedroom floor plan. 

1.  Master Suite: The master suite is located separately from the second and third bedrooms, providing privacy. It includes a walk-in closet and a window with a picturesque view of the lake and Monroe Harbor (applicable to floors 12-29).

2.  Ample Closet Space: The floor plan offers ample closet space, including a walk-in closet off the master bedroom and the third bedroom. This is a valuable feature for storage and organization.

3.  Floor-to-Ceiling Windows: One of two curtain walls in the building allows for floor-to-ceiling windows across the entire west side of the unit. This provides abundant natural light and panoramic views in the living room, kitchen, second bedroom, and third bedroom.

4.  Separate Dining Space: The living area includes a separate dining space, which is ideal for hosting and entertaining guests. This layout adds to the appeal of the floor plan.

5.  Kitchen and Breakfast Nook: The kitchen opens to the living space and features a separate breakfast nook overlooking the Lakeshore East Park. This setup combines functionality and aesthetics.

6.  Forever Views and Sunlight: The unit offers stunning views of the park and city, along with ample sunlight. These features contribute to the overall desirability of the tier.

Additionally, it's worth noting that the price point for the 01 tier is lower compared to other three-bedroom units in the neighborhood, averaging $474 per square foot. This includes one parking space, making it a relatively attractive option in terms of pricing.
Ten year sales history for the 01 tier at 201 N Westshore
1801
Sold on 1/13/23
Closed at $775,000.00
List price: $859,000.00
Original list price: $859,000.00
Sale price as a percentage of list price: 90%
Price per square foot: $433.93
Days on market: 37
Parking: 1 Park
View: Southwest

2601
Sold on 8/5/20
Closed at $890,000.00
List price: $950,000.00
Original list price: $950,000.00
Sale price as a percentage of list price: 94%
Price per square foot: $498.32
Days on market: 19
Parking: 1 Park
View: SouthWest


2301 (f)
Sold on 1/18/19
Closed at $837,500.00
List price: $849,900.00
Original list price: $849,900.00
Sale price as a percentage of list price: 99%
Price per square foot: $468.92
Days on market: 16
Parking: 0 Park
View: South West

1901
Sold on 5/8/17
Closed at $880,000.00
List price: $895,000.00
Original list price: $895,000.00
Sale price as a percentage of list price: 98%
Price per square foot: $492.72
Days on market: 1
Parking: 1 Park
View: West

1401
Sold on 4/6/16
Closed at $840,000.00
List price: $895,000.00
Original list price: $895,000.00
Sale price as a percentage of list price: 94%
Price per square foot: $470.32
Parking: 1 Park
View: Southwest
901
Sold on 8/31/21
Closed at $843,500.00
List price: $935,000.00
Original list price: $910,000.00
Sale price as a percentage of list price: 90%
Price per square foot: $472.28
Days on market: 53
Parking: 2 Park
View: Southwest

601
Sold on 6/4/19
Closed at $847,500.00
List price: $870,000.00
Original list price: $870,000.00
Sale price as a percentage of list price: 97%
Price per square foot: $474.52
Days on market: 6
Parking: 1 Park
View: South West

801
Sold on 7/1/16
Closed at $855,000.00
List price: $904,000.00
Original list price: $904,000.00
Sale price as a percentage of list price: 95%
Price per square foot: $478.72
Days on market: Not specified
Parking: 1 Park
View: Southwest

1101
Sold on 12/6/19
Closed at $844,000.00
List price: $885,000.00
Original list price: $850,000.00
Sale price as a percentage of list price: 95%
Price per square foot: $472.56
Days on market: 88
Parking: 1 Park
View: South West


The average sale price for the 01 tier at 201 N Westshore is $847,500.00, and the average price per square foot is $474.52.
It is important to note the south lake and harbor view are only visible by floors 12-29.  Floors 5-11 do not clear the Parkhomes to the south of the Lancaster therefore those floors will sell at a lower price per square foot. 

Living Room View from 901

Bedroom view from 901

Living Room View from 2301

Bedroom View from 2601

Photos of 1601 Renovated in 2019

It's important to note that pricing can vary based on several factors. Unit condition plays a significant role in determining the price, as well as market conditions at the time of sale. Upgrades, renovations, and overall maintenance can influence the value of a unit. Additionally, market fluctuations and demand can impact pricing, making it essential for buyers and sellers to stay informed about current trends.

Whether you're drawn to the spacious floor plan, captivating views, or the attractive pricing, the 01 tier at the Lancaster presents an exceptional opportunity to experience the best of Lakeshore East living.

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New Eastside Living

Ginger Menne
737 N. Michigan Ave, Suite 1800
Chicago, IL 60611

ginger@gingermenne.com
Tel (312) 927-0852
Off (312) 216-5887
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