This Lakeview 3-Bedroom Sold for $53,000 Under the 2003 Price: 717 W. Briar
We last chattered about this 3-bedroom at 717 W. Briar in Lakeview in April 2011.
See our prior chatter here.
Listed $5,100 under the 2003 price at $379,900, only Bob took a swing at a selling price – guessing $355,000 because it included the parking.
The property just sold for $332,000.
That was also $108,000 under the 2005 purchase price.
The building was converted into condos in 2002/2003.
The original listing implied that the finishes were not at the level they should be as it offered a “$5,000 upgrade credit.”
But the kitchen did have stainless steel appliances and granite counter tops.
The unit had loft-like features such as high ceilings, exposed brick and ductwork.
It also had central air, washer/dryer in the unit and garage parking.
Jeffrey Atkinson at Keller Williams Gold Coast had the listing. You can still see the interior pictures here.
Unit #2W: 3 bedrooms, 2 baths, 1500 square feet
- Sold in January 2003 for $385,000
- Sold in October 2005 for $440,000
- Originally listed in February 2011 for $389,900
- Reduced
- Was listed in April 2011 at $379,900
- Sold in July 2011 for $332,000
- Assessments of $210 a month
- Taxes of $6375
- Central Air
- Washer/Dryer
- Bedroom #1: 18×12
- Bedroom #2: 12×11
- Bedroom #3: 10×9
That kitchen is way to small for a 3 bedroom. I’ve seen hotel suites with larger kitchens.
Local – i could not have said it better. Just looked at the photos and my immediate thought was that it looked more like a kitchenette than a kitchen con siding it is for a 3 bedroom unit. I think that this seller got really lucky. The 3rd bedroom/office looked quite cramped.
why doesn’t Sabrina wait until the chatter dies down on the hotter posts like Market Conditions before going to these cookie cutter condo sale?
Icarus – I’m making you the poster boy for over regulation.
Sabrina you will now need to contact Icarus prior to posting a new property to see if he feels that the previous feature has run out of gas and we are ready for the new post.
Icarus I think that it is time to pick up any book that has subject matter about free market thinking. Regulation is one of those double edge sword issues for the future growth of American business. There needs to be strong regulation in most industries however it does not need to creep into every single decision that does not have a negative effect on safety, equality in access, or price fixing. The market will generally take care of the rest of the situation.
I
Here is an interesting take on the unemployment and American business. Lots of criticism placed on the multinationals. Regarding regulation, in point 3, it says:
“Crony capitalism doesn’t like competition; it seeks monopoly or a shadow cartel, imposed and maintained by the regulatory agencies of the Central State. The naive and sentimental view of Capitalism is that it thrives on competition; this is incorrect. Capitalism actually thrives on monopoly, as that’s what it takes to skim fat, low-risk profits. Competition mucks everything up, which is why Corporate America arranges for regulatory strangulation of small-business competitors via its partner, the Central State (Federal regulatory agencies).
Since government bureaucracies are a priori delighted to extend their reach, power and budget, it doesn’t take much persuasion for them to tighten the screws on potential competitiors with absurdities like “food safety” regulations, which require hit-teams of government agents to descend on criminal conspiracies such as organic dairies.”
http://www.zerohedge.com/article/guest-post-heres-why-small-business-isnt-hiring-part-ii
“Icarus I think that it is time to pick up any book that has subject matter about free market thinking. Regulation is one of those double edge sword issues for the future growth of American business. There needs to be strong regulation in most industries however it does not need to creep into every single decision that does not have a negative effect on safety, equality in access, or price fixing. The market will generally take care of the rest of the situation.”
zerohedge = porn for doomsday addicts
its crap
sorry
the hedge. its a fringe website, for sure. lots of doomsday addicts I guess, based on popularity. I find it a refreshing counterpoint to main stream media spin myself.
But that’s you, Sonies. When intellectually challenged, resort to the ad hominem attacks.
“zerohedge = porn for doomsday addicts
its crap
sorry”
@jp3chicago
my comment didn’t come through the way I intended. For some reason, the words “Wondering Out loud” didn’t get posted…i suspect because I put them in parentheses.
I just fear that some properties won’t get as much attention because everyone is focused on a hot thread, but you’re right, why worry about it.
That cornicectomy makes the building look awful.