Comments on: Waiting for a Buyer at 919 W. Wisconsin in Lincoln Park

By: Over Two Years Later and Still Waiting for a Buyer: 919 W. Wisconsin in Lincoln Park

Mon, 07 Dec 2009 20:24:09 +0000

[…] See our prior chatter and pictures here. […]

By: Chuck Richards

Chuck Richards — Fri, 12 Dec 2008 21:48:57 +0000

Excellent point about the thin shell of information covering the equally thin value in many listings.

The text, hypertext and high-res photography here all clearly show the “real” in this estate - refreshingly matched when you see it first hand.

By: Jamesy

Jamesy — Thu, 11 Dec 2008 04:16:44 +0000

If this place had a recent, seamless renovation job then MAYBE and I stress maybe it could fetch $1.2M.

But in the current condition, and with the current market conditions set to get much, much worse… I would say $499K would be the most you could get for this shell.

Sellers need to rectify with this reality or else the banks will do it for them.

By: Jason(TFO)

Jason(TFO) — Tue, 09 Dec 2008 16:43:51 +0000

Uh oh… people using cribchatter to sell property? I don’t like that.

By: Ron Goldstein

Ron Goldstein — Tue, 09 Dec 2008 16:04:23 +0000

Thanks to everyone for their kind comments! Political commentaries on all types of equities are always welcome….Should you know anyone for this Luxury Hybrid home.. please have them check out the web site..Also viewable on http://carpediemrealestate.blogspot.com/..THanks.Ron

By: anon (tfo)

anon (tfo) — Tue, 09 Dec 2008 15:32:21 +0000

“is priced around the average $/sq for LP sales with f r e e finished basement, garden, greenhouse & decks.”

So, the average $/sqft in LP is ~$600+ for townhouses? Honest question. A typical 1600 sqft townhouse sells for $1mm?

By: G

Tue, 09 Dec 2008 14:12:35 +0000

Why would they choose bondage again if they are lucky enough to escape their current captivity?

Besides, that “big hit” will put most well out of reach of the ‘new old’ down payment requirements.

By: Gary Lucido

Gary Lucido — Tue, 09 Dec 2008 13:29:09 +0000

Beju,

I can only assume that your sister and her husband are stressing over the loss on ONE of their assets. However, can’t they take consolation in the fact that they are buying a NY asset at a lower price?

By: Beju

Beju — Tue, 09 Dec 2008 08:59:32 +0000

Very true G. My brother in law just got transferred to New York, leaving him and my sister stuck with a home in Chicago that they won’t be able to sell without taking a big hit.

By: G

Tue, 09 Dec 2008 03:13:57 +0000

Now that was a cautionary tale about the need for mobility “in this market.”

You really dodged a bullet by avoiding getting anchored to a depreciating asset. Your career could have dead-ended right here, right now.

Good luck, the crash has just begun in the Big Apple.