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

• June 7, 2011
• 7 Comments

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

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)