Choice cuts: $6,000 to $310,000 off original prices at Walton on the Park

Walton on the Park, 2 W Delaware Pl, ChicagoHat tip to CribChatter for discovering a new round of price cuts at Walton on the Park, 2 W Delaware Pl.

The new prices, rolled out yesterday, are anywhere from $6,000 to $310,000 lower than their homes’ original amounts. Every unit on the MLS got a price cut; for many, these were the first price changes of any kind since marketing began back in February 2007.

Condos currently listed at Walton on the Park include:

One-bedrooms:

  • Two with 920 square feet, once priced in the $570s, now priced in the $460s and $470s.
  • Five with 945 square feet, once priced from the $550s to $600s, now priced from the $510s to $550s.
  • One with 965 square feet, once priced in the $490s, now priced in the $430s.
  • One with 1,000 square feet, once priced in the $540s, now priced in the $500s.

Two-bedrooms:

  • Five with 1,280 square feet, once priced from the $810s to $880s, now priced from the $670s to $700s.
  • One with 1,416 square feet, once priced in the $870s, now priced in the $760s.
  • One with 1,520 square feet, once priced at $1.1 million; now priced in the $850s.

Three-bedrooms:

  • Five with 1,920 square feet, once priced from $1.25 to $1.44 million, now priced from $1.14 to $1.24 million.
  • Three with 2,165 square feet, once priced from $1.36 to $1.43 million, now priced from $1.17 to $1.35 million.
  • Two with 2,335 square feet, once priced at $1.46 and $1.47 million, now priced at $1.35 and $1.36 million.

Four-bedrooms:

  • One with 3,435 square feet, once priced at $2.74 million, now priced at $2.43 million.

The cuts bring the average price per square foot in the building down from $650 to $568.

Since closings began in June, Cook County has recorded just 27 sales in the 198-unit high-rise, ranging from the $490s to $2.2 million. As many as 93 units were designated as “under contract” on the MLS prior to the building’s completion, but right now Redfin shows no homes under contract at the building.

(Visited 65 times, 1 visits today)