The Terraces at 801 S Plymouth Court sits at the entrance of Dearborn Park in the heart of the South Loop. The Condominium/Townhome complex gets it's name from it's distinct stair-stepped terraces on the corner units of the condominium tower. Built in 1983, the complex is comprised of the 11-story, 198 unit high-rise condominium building attached to and built above 22 townhomes. The condos and townhomes sit above a 2 level parking garage.
Condominium floor plans include 1, 2 and 3 bedroom units. Condo assessments cover common insurance, basic cable service, Internet, removal of snow and leaves, exterior maintenance and trash pick-up. Amenities in this pet friendly building include an evening doorman, package receiving, coin laundry, a bike room* and a hospitality room*. Management is on-site Monday-Friday.
Townhomes have a two level, 2 bedroom floor plan and feature front patio spaces. Townhome assessments cover water, basic cable service, Internet, removal of snow and leaves, and trash pick-up. Townhome owners also have access to the condominium's bike room* and hospitality room*. Undeliverable packages can be held in the condominium building's receiving room for later pick-up.
Photo of townhomes.
Tower in background is 899 S Plymouth Ct
which is not attached to or a part of The Terraces.
2015 sales included nine condo units and one townhome. Sales price-to-list price ratios averaged 96% of list price and 94% of the original list price. Days on market averaged 65 days.
Condominium sales:
Six 1-bedroom units
Average sold price - $183,417
Average market time - 41 days
Three 2-bedroom units
Average sold price - $314,725
Average market time - 45 days
Townhome sale:
2-bedroom unit
Sold price - $420,000
Market time - 7 days
*Fees:
Bike Room--paid annually
-condo owners-$25
-townhome owners-$50
Hospitality Room--paid per use
-$50 + $100 refundable deposit
(same fee for both condo and townhome owners)
For current information about condos and townhomes at The Terraces or other
South Loop buildings, please visit my website at ChicagolandCondosandHomes.com.
Information in this market report is from the local Multiple Listing Service, Midwest Real Estate Data LLC, (MRED), and is deemed reliable but not guaranteed. It does not include properties sold For-Sale-By-Owner, (FSBO), or any other private sales not reported to MRED.
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