New Elmhurst Modern Home Sells For $1.8M

The local real estate market continues to show strong activity with the recent sale of a newly constructed single-family home located at 845 South Colfax Avenue in Elmhurst. This impressive modern property officially changed hands in mid-October, highlighting the ongoing demand for newly built luxury suburban housing options.

Spanning an expansive 3,332 square feet of thoughtfully designed living space, the transaction reached a total of $1.8 million. For those tracking market metrics, this impressive final sale price breaks down to approximately $540 per square foot of premier residential space.

Property Features and Lot Layout

The contemporary single-story residence boasts a generous layout featuring a total of five bedrooms and five bathrooms. Such configurations remain exceptionally sought-after by modern buyers looking for functional room distributions and main-level convenience.

Property details also confirm the inclusion of a convenient detached two-car garage alongside the main structure. Nestled comfortably on a spacious lot measuring 7,405 square feet, the exterior provides plenty of room for privacy while maintaining a classic neighborhood feel. Readers interested in exploring layout ideas can find inspiration through our home design resources.

Surrounding Market Activity

Several other properties in the immediate neighborhood have also recently changed ownership, signaling a vibrant micro-market. For instance, a nearby home located at 849 South Chatham Avenue sold for $1.5 million back in July.

Another residence on South Chatham Avenue changed hands for $1.21 million during that same summer month. Additionally, a property situated at 871 South Chatham Avenue successfully closed at $995,000 in August.

Broader Neighborhood Trends

These sequential transactions demonstrate a healthy and active price tier across this specific pocket of Elmhurst. Buyers and investors frequently evaluate these localized figures to gauge true market value before making competitive offers.

Understanding these regional variations helps professionals analyze how regional architecture influences overall pricing and buyer enthusiasm. Whether looking at historic builds or brand-new construction, tracking these localized sales remains essential for long-term real estate success.

 
Here is the source article for this story: Single-family home sells in Elmhurst for $1.8 million