One of the Cheapest Single Family Homes In Lakeview Is Still Available: 3352 N. Marshfield
We last chattered about this 3-bedroom single family home at 3352 N. Marshfield in Lakeview in March 2011.
See our prior chatter here.
At that time, the house was listed at $499,000 and most of you were shocked by the price.
The house was reduced $30,000 in May, but, so far, there haven’t been any takers.
It is steps to the Whole Foods, Wishbone and assorted other restaurants, bars and activities in the neighborhood.
The listing describes the property as a “unique 2-story contemporary” with an open loft like first floor layout.
The second story was added 19 years ago and that’s where all 3 bedrooms are located.
There are skylights.
One bathroom is on the first floor and one on the second.
Built on a 71×25×58 lot, it has a 1-car attached garage and central air.
What will this house ultimately sell for?
James Miller at Direct Broker still has the listing. See the pictures here.
3352 N. Marshfield: 3 bedrooms, 2 baths, 1927 square feet, 1 car garage
- Sold in May 1992 for $98,500
- Was listed in March 2011 for $499,900
- Reduced
- Currently listed at $469,900
- Taxes of $7861
- Central Air
- Bedroom #1: 16×12 (second floor)
- Bedroom #2: 13×10 (second floor)
- Bedroom #3: 10×8 (second floor)
I remember this one. it is the junk yard…lol
on the next Hoarders…
This house just makes me very, very sad. I think it will take a flipper to come in and make it more presentable and maybe do something with the exterior.
This is just one of those places where the current owner (or tenant) needs to move out to make it sell. Just back from Vegas last night and I have the perfect inspiration for the flipper from the Hard Rock hotel.
http://www.hardrockhotel.com/stay/rooms-floorplans/spa-villas/
Living on that street you just can not have that much glass and make it exactly like this place however it would lend itself to the theme and be pretty dramatic.
Having rehabbed the home I live in now, it actually doesn’t appear to be that big of a job. However, to the average person, there are way too many distractions, as far as clutter, for them to see past. It is very unfortunate. The price is pretty good. They need to clean it up.
U.G.L.Y. It ain’t got no alibi
i think i just threw up in my mouth :X
What happens when a dead squirrel gets caught in the gap between this house and the neighbor? What about all of the leaves and crap that can accumulate between the houses? What about the fire hazard of being so close to the neighbors?
And from looking at all of the interior clutter in the photos… you can’t even walk two feet without hitting your knee on some end-table or hitting your head on the stairs or some hanging pan.
The price is ridiculous for this house. I walk past it frequently. It has no land, it’s basically a condo alternative that you have to completely overhaul. I don’t think a flipper would touch it unless it was under 300K, which is where it should be.
BTW see photo two in my link.
It would sell tomorrow to a flipper if they could get it down to the $375 range. At that point with 50K to 75K and a new sales price of $550K it makes sense. otherwise they will just have to wait until a creative buyer who can see past the mess and has a budget of $425K with some decent pocket change for the reno to show up. That could be a long wait.
CLost to the el, schools, grocery, and in a good hood. The downside is that due to the short lot there is no outdoor space on earth level for the kiddies to play. There could be some really nice terraces though.
It says “slab basement” That seems like a contradiction in terms, If it is on a slab, it has no basement, right? So that, combined with short lot, no yard decreases value.
This place could be amazing, if an architect/designer ( with 150k budget) bought it and redid the front and interior.
Which is all to say: “Way Overpriced”
could you turn that front into a two car garage and use the 1 car attached garage into living space? It would make a lot of sense and be much more aesthetically pleasing. If you are smart and careful, for 150-200k, you could absolutely make this into a 600k house. That being said, I would only take on such a project at a price of 375k (as JP3 suggestion)
Clio – not likely to get a curb cut for a 2 car garage on this street. It looks like they incorporated a one car garage and that work room/laundry area into the back section of the home. With some reuse of that space perhaps they could squish in a second car garage as well as a back hall and door. It would be tight!
From the birds eye view it appears that they can also park a second car on the slab out back.
“could you turn that front into a two car garage”
Never get the permit for the curbcut. But an interesting idea apart from that.
STUPID IS AS STUPID DOES!! $30,000 price cut, OOOOOOhhhhhh that’s going to work…….
anon (tfo): Are curbcuts ever a possibility?
I ask because a neighbor of mine in LV got a curbcut approved for his property on an ally-less street. His place was a wood frame 2 flat and they renovated it, digging down for a slightly below grade garage under the place, added a full third floor and a good 10 feet of extra house in the front. They haven’t actually cut the curb yet, but the neighborhood talk is that he got approval. Does he know somebody high up or is this a possibility for us mere mortals without connections?
Still available and still hideous.
“STUPID IS AS STUPID DOES!! $30,000 price cut, OOOOOOhhhhhh that’s going to work…….”
6% cut is a good start IMO. Beats the heck out of lowering it $1000 in order to show a price change in the MLS or get into a lower search bracket (changing from $400K to $399K).
“anon (tfo): Are curbcuts ever a possibility?”
Of course the answer is yes.
“I ask because a neighbor of mine in LV got a curbcut approved for his property on an ally-less street.”
No alley means curbcuts are generally okay. I don’t *think* it’s an as-of-right situation, but it may be, and if not, is close to it.
Yes there can be curb cuts however a 2 car cut is almost impossible especially when placed in front of a SFH on a street with an alley.
In the metered zone if the city grants a cut and eliminates an existing parking spot then they have to negotiate out with LAZ parking to offer up another spot elsewhere in the city to replace that revenue stream. This is why you will continue to see metered parking added in your hood. Even though the city makes no additional revenue (parking tickets aside) off of them.
Yes the flipping city council actually approved that detail in the contract.
“In the metered zone if the city grants a cut and eliminates an existing parking spot then they have to negotiate out with LAZ parking to offer up another spot elsewhere in the city to replace that revenue stream.”
Isn’t this a side residential street without any meters?
“Isn’t this a side residential street without any meters?”
It is, but (most? all?) people like to rant about the meter deal whenever there’s any kind of hook.
tile, carpet, hardwood, OH MY!
“Isn’t this a side residential street without any meters?”
Icarus – Great point. Although it was not clear I was not suggesting that this example was about a metered spot. Since we were talking about requesting curb cuts that often take away a spot on the street I thought that the comment was relevant.
This place is hideous. And it isn’t even really a house, but a store front with an added 2nd story.
Sabrina, I know you don’t like negative remarks about the decor of the house, but in this case, it’s relevant. This place would show a lot better if it were properly staged. That means clear out all the junk and clutter sitting around all over the place and about half the furniture. Make the place look neat, clutter-free, and unified, and paint the walls a slightly warmer shade, like a medium beige (NOT dark beige, too small for that).
It’s a black mark against the real estate agent that he allowed it to be photographed like this. This sow’s ear needs all the help it can get.
A nice big bay window and staging would absolutely make a HUGE difference for this place. For 15 thousand, this place WOULD sell at 425-450k. If I was the agent and if the owners don’t have the money, I would offer to make the improvements for a 10% commission – that is how sure I am that the place would sell if these improvements were made.
Clio… that is insane! Why would an agent offer to put his/her money into a client’s house for improvements? That is the dumbest advise I’ve seen from you. Don’t crap where you eat, and all that…
danny, perhaps you are right – I am thinking more of high-end real estate. Here in oak brook/hinsdale, it is not absolutely uncommon for superstar real estate brokers to make such deals with owners. Remember, these moron brokers/agents (who do little more than list these high end properties – properties that sell themselves) make SEVERAL HUNDRED THOUSAND to MILLIONS a year. They absolutely have a few hundred thousand in their “reserves” for things like this – but you are right- not for this house.
It’s not terrible advice but it is risky. In this environment perhaps it could be a way to supplement an agents income. Many agents became ameteur flippers. This idea, if contracted correctly, could be a lower risk way of improving a property and profiting.
An agent who doesn’t even insist his client do basic housecleaning and de-cluttering isn’t going to be helpful in staging the place.
I see so many photos of places, oftentimes rather expensive ($1M or more), with the most abominable clutter all over the place. I would never, ever run photos of a place with every horizontal surface covered with small appliances, cereal boxes, toys, tacky table runners, magazines, dirty dishes, books, fake or dying flowers, tacky decorative articles, electronic gadgets, magnets all over the refrigerator. Or worse- rumpled clothes hanging on chairs and over doors, mismatched towels all over the bath, sinks full of dirty dishes, and the toilet seat up.
When I see a house that looks like this one, I have to think that the agent has already decided it’s a dud and isn’t going to lift a finger to move it- shame on him. He’ll surely be happy to get his commission check.
“An agent who doesn’t even insist his client do basic housecleaning and de-cluttering isn’t going to be helpful in staging the place.”
while I’m no cheerleader for agents, we don’t know if the seller has just refused to take the agents advice. in which case you get a situation where someone is gonna take this client, might as we be “me” in case this place does sell.
“we don’t know if the seller has just refused to take the agents advice”
I refused to take a toy monkey, from the movie Aladdin, off the piece of a swing out TV in my kitchen. Amazing the idiocy agents have to put up with. Giving some fairness to myself, everything else was spotless. 🙂
Still at $469,900
any day now…