One of the fun things about being an appraiser is that you get to trample (with no shoes) through all different kinds of property. To this date the most memorable appraisal done in this company was very early on. The property was in Dundee, a delightful estate with a top floor ballroom overlooking the Fox River ....etc.
However the number one spot has now been taken by a legal condo that is detached, one story, vinyl sided and 20x 20 at the back of a lot. Yes this is garage! Only Chicago could approve something like that. No one dares to speculate!
The property is divided into three rooms all about 10 x 10 with 100 sq ft for whatever!
Ah it has deck! So everyone is saying that it is why it fetched $145,000 in July of 2007.
Who ever had the idea to buy that space must have had romantic ideals. It reminds me of a similar desperate purchase seen in London in the mid 80's. Then someone purchased a converted hall closet with flop down bed as a condo, about 200-250 sq ft. Forgot the sticker price but 50-60K (pounds of course) comes to mind.
Well at least someone is crazier! That's good....and it didn't happen in Chicago.
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