3-Bedroom Wicker Park Townhouse Sells for $5,000 Under the 1999 Price: 1756 W. Pierce

We last chattered about this 3-bedroom townhouse at 1756 W. Pierce in Wicker Park in April 2011.

1756-w-pierce-approved.jpg

See our April chatter here.

At that time, the townhouse had been on the market for 17 months.

A price reduction under $340,000 seemed to do the trick as the property was apparently “swarmed” with people and it sold within a month for $335,000.

That is also $5,000 under the 1999 purchase price.

The townhouse, if you recall, was part of a 2-unit association. It had all 3 three bedrooms on the second and third levels.

There was a lower level family room.

The kitchen had maple cabinets, stainless steel appliances, and granite counter tops.

The townhouse also had central air, a garage and a rooftop deck.

Just how important is the perception of a deal?

This townhouse was listed in November 2010 for $379,000 but no one was “swarming” it then.  As soon as it went under $350,000, it got offers.

Ian Schwartz at Coldwell Banker had the listing.

1756 W. Pierce: 3 bedrooms, 2.5 baths, no square footage listed

  • Sold in May 1999 for $340,000
  • Sold in March 2002 for $415,000
  • Sold in August 2005 for $450,000
  • Originally listed in November 2009 for $447,000
  • Reduced numerous times
  • Was listed in November 2010 for $379,000
  • Reduced
  • Was listed in April 2011 at $339,000
  • Sold in May 2011 for $335,000
  • No assessments
  • Taxes of $7976
  • Central Air
  • Bedroom #1: 13×13 (second level)
  • Bedroom #2: 12×10 (second level)
  • Bedroom #4: 10×11 (third level)
  • Family room: 19×11 (lower level)

7 Responses to “3-Bedroom Wicker Park Townhouse Sells for $5,000 Under the 1999 Price: 1756 W. Pierce”

  1. Was there a “catch” with this place? It seems like a great deal. The last thread just seems like people don’t like Burr and the bedrooms are kinda small. Seems too cheap

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  2. “Was there a “catch” with this place? It seems like a great deal.”

    Appears to have been owned w/o a mortgage.

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  3. i would have bought that at that price back in 2008

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  4. Tax AV is 57,089. Should see a drop in taxes.

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  5. is today Townhouse Tuesday?

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  6. This seems like a good deal, at least on the surface. I wonder why it took so long to sell though.

    I don’t care for the exterior, but at this price point, it could be overlooked if the inside was nice.

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  7. This is why I keep saying, if you like something, set your price ceiling and then aggressively lowball your offer. Why wait for them to lower the price?

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