Is $900,000 a Fair Price for This Chicago Home?

Emmy-winning entertainment reporter Dean Richards, known for his film reviews on WGN-Channel 9, has listed his North Side home for just over $900,000. Richards, who has been with the station since 1991, is clearly ready for a change. But is this asking price reasonable for the Chicago real estate market? The home boasts some nice features, including granite countertops, stainless steel appliances, and a primary bedroom suite with a walk-in closet and en-suite bath. There's even a three-car garage – a major plus in a city known for its parking woes. However,it's important to consider the location, size, and condition of the home in relation to other properties on the market. What are comparable homes selling for in the area? Is this price reflective of the current market trends? Richards declined to comment on the listing, which begs the question: Is there something he's not telling us? Perhaps there are hidden issues or renovations needed that could affect the home's value. It's also worth noting that Richards has owned the home since 2010. Has the neighborhood changed significantly during that time? Perhaps property values have risen, or perhaps there are new developments nearby that could impact the desirability of the home. Ultimately,only time will tell if Richards' asking price will be met. But this listing raises important questions about the real estate market and the factors that influence property values that influence property values.