Looking for the Updated Andersonville 2/2? 1715 W. Bryn Mawr
This 2-bedroom at 1715 W. Bryn Mawr in Andersonville has all the amenities buyers look for in today’s market.
The top floor unit has plenty of light with a row of small windows along the wall of the unit, unusual in many condo buildings of this size, and skylights.
It has cherry floors throughout along with 10 foot ceilings.
There is central air, a washer/dryer in the unit and parking.
The building was converted into condos in 2006/2007 so the finishes are what you would expect from that era.
The kitchen has cherry cabinets, granite counter tops and stainless steel appliances.
Originally listed in July 2010, the unit is now listed $52,100 under the 2007 purchase price.
Is this a deal for the square footage and location?
Thomas McCarey at @Properties has the listing. See more pictures here.
Unit #3E: 2 bedrooms, 2 baths, 1350 square feet
- Sold in January 2007 for $392,000
- Originally listed in July 2010 (I couldn’t locate an original listing price)
- Was listed in November 2010 at $379,999
- Reduced several times
- Was listed in June 2011 at $349,900
- Reduced
- Currently listed at $339,900
- Assessments of $193 a month
- Taxes of $5806
- Central Air
- Washer/Dryer in the unit
- Parking included
- Gas fireplace
- Deck
- Bedroom #1: 15×12
- Bedroom #2: 12×11
- Sunroom: 12×10
Seems crazy expensive for what is essentially apartment living. These buildings should have stayed apartments.
280
I say $220,000
The ask seems crazy to me. 1350 sq ft. for a 2/2 should be pretty spacious, but I don’t really see where all the square footage is going.
265.
Nice and bright and in a good location. Only drawback is a bit far from the L, looks to be about 5 blocks, which isn’t bad in summer but forget it in the winter.
No idea what nearby comps are, but I think this goes for just over 300k.
A lot of people like it but I can’t stand the kitchen-in-the-living-room rehab. The replacement moldings etc. are nice, skylights are appealing so long as they don’t leak. But the “vintage features” have been discarded here as surely as in other, plainer renos we have seen.
Relatedly, the floorplan is cramped because basically you trade a proper dining room for the second bathroom and bigger master bedroom. Floats some peoples’ boats, but not mine.
15-min. walk to the Red Line, even in winter you are walking on a pretty street though passing through two very busy intersections.
Hard to see the 10-yr. horizon here… rent in the ‘hood for 15-1600, don’t tie up your $60K down payment, don’t bother with the condo assn.
This seems tight for 1350 sq ft to me, too. The bedrooms are still kinda cramped–a king size bed would be a squeeze in that master.
And I am not a fan of terrace off the bedroom–maybe great for a smoke after sex, but if you don’t smoke, well.
Looks about right price wise for the area. Bryn Mawr is kind of far north for the A’ville and a little busier than some of the other streets. It is also a bit west as well.
This is smaller 6 flat unit. It looks narrow and shorter. Many of the 2/2s in six flats are larger and can keep the full/seperate dining room and the sun room.
“Looks about right price wise for the area.”
Looks about $75-100k too high to me.
I don’t understand what’s so great about this area…. go a few miles west to Peterson Park and you can get a single family home for this price.
After I read everything Sabrina wrote and saw the pics I was definitely expecting the price to begin with a 2. I think you could get a similar unit in Lakeview for this price (not suggesting everyone would prefer LV to A’ville, but there is usually a decent price difference)
Hey Sabrina, have you ever considered threading the comments section? I have gotten used to it on Zero Hedge and it is very nice. Much easier to carry on multiple thoughts in the same post and no need to copy other people’s quotes all the time. Just a thought
289
Sabrina, if you’re going to bring over anything from Zero Hedge, please make sure you leave the tin foil hats and being wrong about everything behind.
Right. And you’ll go on missing such distractions as “who is latour trading?”, ZHs latest post. But then again, I guess not many people are interested in high frequency trading and its effects on markets.
Just us tinfoil types.
http://www.zerohedge.com/news/who-latour-trading-and-how-dare-they-upstage-goldman
“Sabrina, if you’re going to bring over anything from Zero Hedge, please make sure you leave the tin foil hats and being wrong about everything behind.”
This location is more like ‘unincorporated’ Andersonville, like others mentioned it is a long hike to the L and the 80’s called and want their paint back….
Thank you Juliana for the excellent example. Latour trading has been on that NYSE list since October of last year. Way to go Tyler Durden for just now noticing. Or did he wait until their website was broken so the readership could go into a vast conspiracy frenzy and congratulate themselves for finding public information on the Internet?
“I guess not many people are interested in high frequency trading and its effects on markets.”
Juliana, I thinks it’s more that you can’t tell me what its negative effects on markets are. Particularly how it harms you. Just something else for you commies to complain about.
This is a nice looking place and I think a good location, but I would have guessed that it would have sold in 07 for the current asking price. I agree, under $300k today.
I love how they come up with names like “HFT”, like it’s “high-tech” or something. It’s really just the same-old dishonest low-tech principle of FRONT-RUNNING your clients with a snazzy name.
Ecclesiastes 1:9 “There is nothing new under the sun”
“Who is Latour trading?”
Until a later post offered an explanation, I thought this was some sort of “inside baseball” question about off-season player acquisitions.
This is located in a pretty, quiet resideny
Mtial pocket between Ashland and the Metra tracks. Not
well PJ.. I guess you have a PhD from MIT then. Cause unless you *really* understand physics, it ain’t simple. Btw.. Front running is your own customers. That is not what is being done. The part that seems to upset others is analagous to a guy in the pit who is short and waving his hand screaming like he is on the offer but isn’t. Happens every minute of every day. This is his electronic counterpart. People just like to complain it’s unfair but no one can show why. No one.
Oops – I need to clarify the above post.
This condo is located between Ashland and the Metra tracks (the banks of which sport flowers planted by the locals). It’s a well-maintained residential community. Not to my liking due to its distance from public trans and walkable shopping, but obviously a lot of people like it; not much sales activity over the years. Maybe it’s in a good school district?
BTW speaking of baseball – how do you Sox fans like the Ventura deal and whom do you Cubs fans want to replace Hendry? And will a winning season by either of these teams have an effect on surrounding property values next year?
“I guess you have a PhD from MIT then. Cause unless you *really* understand physics, it ain’t simple. Btw.. Front running is your own customers. That is not what is being done”
You obviously don’t have a PhD from MIT, otherwise you’d be in on the “game”. People who are naive enough to believe that “Flash” trading is anything but front-running the market are clueless. There’s a sucker born every minute.
70% of goldman’s profits come from trading using it’s own money. I wonder what % of that is directly from their robotrading algorithms.
“I wonder what % of that is directly from their robotrading algorithms.”
HD, taking what you do anyway and automating it does not make it bad. Automation allowing you to do things you always wished you could do but could not, but now can, is not inherently evil either.
“You obviously don’t have a PhD from MIT”
Nope.. said many times, barely made it through college.. hated every second of class I ever sat in my entire life.
Nonetheless… since *you* understand it. Reconcile these two sentences which are from an article about HFT. If you understand it, well then, you will also recognize they are 100% in conflict with each other.
“There are signs that because of its sheer volume, high-frequency trading may sharpen increases or declines in both individual stock prices and the stock market as a whole. Although high-frequency trading does not directly cause market volatility.”
^^^^Wow!!! (btw said by an MIT professor-ROFLMAO.. guess whose school has buku dinero going to it to build the auditing system??)
But almost as good… “high-frequency traders … worsen bad economic times when hedge funds and banks turn off their trading computers for days or even weeks”
So turning it off causes crashes now too?
“So turning it off causes crashes now too?”
Well, if the market is “used to” having HFT in there, and you remove it, it will have repercussions. But having it in there in the first place distorts the market to begin with.
“btw said by an MIT professor-ROFLMAO”
It is a little bit unclear, but I don’t think that part of it was attributed to the MIT guy. You’re also being a little unfair by cutting off the end of the quote.
“But almost as good… “high-frequency traders … worsen bad economic times when hedge funds and banks turn off their trading computers for days or even weeks””
Ze, you surely understand the proposed argument. I don’t know whether empirically it is right or close to right in terms of having true importance, but I don’t think it is illogical.
Who was it again who liked to link to kingworldnews? Someone did…
“Well, if the market is “used to” having HFT in there, and you remove it, it will have repercussions.”
If it does not cause volatility. It can cause nothing.
You remove it – Bid to Offer on markets widen – retail customer gets screwed. Hilarious!
“Who was it again who liked to link to kingworldnews? Someone did…”
Was already thinkin the same..
HFT probably distorts markets. HFT probably should be better regulated. HFT probably should be taxed in some small degree. But nothing I’ve seen shows any reason to be more certain than “probably”.
I think that what gets people so crazy and scared is that HFT is so out in the open yet so secret at the same time. Nobody is willing to talk specifics about their involvement. It gives the impression that it is shady and that there are forces behind the scenes scheming to steal money out of your pocket. Yet it is all just so much simpler in reality. HFT is based on stochastic calculus – it is math based not on deterministic outcomes like 1 + 1 = 2, but math based on probabilities and randomness. There are no right answers, only “best options”. It has been around for more than a hundred years and used for many different things. There are lots of books, plenty of papers, lots of smart people at elite universities, etc. You and I can study it, but it requires a lot of work and effort. Who is willing to do that in the internet age?
So back to the secrecy. Since there are only “best options”, one firm’s algorithms might do better than another firm’s algorithms. But if I know about your algorithms, I can implement them and take some money that you were going to get, or I could create other algorithms that neutralize yours and make sure you lose money. It’s no wonder why nobody wants to talk about them. They work only because they are secret! It’s not a grand conspiracy!
But then again, maybe I am wrong…
So often, when a conservative is challenged, he or she lashes back by calling their opponents “commies” or “socialists.” Give it up. The term itself is meaningless now, as even the communists of the world have gone capitalist. And there’s nothing communist about supporting reasonable regulations to protect people who trade in U.S. securities markets.
And DZ.. I am never unfair in my arguments. I left out the part of the quote cause it is insignificant and says nothing “*may* create a “feedback loop” – No evidence of such, actually evidence to the contrary, but it *may*.
http://www.theatlantic.com/technology/archive/2010/08/market-data-firm-spots-the-tracks-of-bizarre-robot-traders/60829/
“Mysterious and possibly nefarious trading algorithms are operating every minute of every day in the nation’s stock exchanges.
What they do doesn’t show up in Google Finance, let alone in the pages of the Wall Street Journal. No one really knows how they operate or why. But over the past few weeks, Nanex, a data services firm has dragged some of the odder algorithm specimens into the light.
The trading bots visualized in the stock charts in this story aren’t doing anything that could be construed to help the market. Unknown entities for unknown reasons are sending thousands of orders a second through the electronic stock exchanges with no intent to actually trade. Often, the buy or sell prices that they are offering are so far from the market price that there’s no way they’d ever be part of a trade. The bots sketch out odd patterns with their orders, leaving patterns in the data that are largely invisible to market participants.”
Tipster 100%…
Dan2.. commie was a joke… I don’t need to call anyone anything to win *this* argument. Just fun to say… oh and i think she is one.
“Mysterious and possibly”
Take that argument into a court one day.. What a way to start. “Possibly”??
Then for your example you use orders that don’t trade? OK let me put in an order right now online to buy some 666 on the SPX. The system will take it. It will never trade. It can not create any distortion.
“I left out the part of the quote cause it is insignificant and says nothing “*may* create a “feedback loop” – No evidence of such, actually evidence to the contrary, but it *may*.”
I agree the part you left out doesn’t provide much evidence relevant to the “debate” going on here, but it does provide important context for the two sentences (not made by the MIT prof) that you argued were difficult to reconcile, and it does help to reconcile them when you recognize that the author is recounting what she admits is a fairly speculative argument (the first sentence says “may” as well).
A good super conservative friend of mine was in Sweden for couple of weeks this summer, once he got back he told me that “damn, if this is how socialism works, I am a commie now.” I had to tell him for the 1000th time that socialism and communism are not the same thing.
Ze, I know you were joking but Dan 2 is so right.
Homedelete, Nanex is a local firm – based in Winnetka, if I’m not mistaken. Their customers are not those that have the 99%ers in mind, if you catch my drift.
Nanex’s main selling point is taking a big pipe (the raw trade and quote data feeds from the exchanges) and putting it in a small pipe (a nice high speed business-class internet feed). Their reason for pointing out these useless quotes is just as much annoyance at having to retransmit the useless quotes as anything else. Their business model falls apart if the size of their data stream grows faster than the speed of your average internet connection. HFT is a threat to them for that reason and that reason only.
“OK let me put in an order right now online to buy some 666 on the SPX. The system will take it. It will never trade. It can not create any distortion.”
What if you put it in at 1190? And you put in a large enough bid to create the impression that you are a big buyer. That may cause other algos to trigger their own reaction. That can start a chain reaction that would have never occurred if you hadn’t put in your “fake” bid.
Assuming we are trading 1196 when I put in that 1190 order I would expect nothing. Would be too far from the bid for anyone to care about. These algo’s are playin for edge teeny tiny .01’s
People have been doing that exact thing for many a many years. No different really than a big trader in the pits screaming like he is size on the bid when he really has nothing to buy. Just already long and trying to bluff it up. Always been a big part of the game.
Most of these algos arent trying to bluff though. These offers are going in vs bids in other assets. constant spreading. When one side gets elected – the other side automatically triggers. If the other side moves away – well then your other order cancels. Now think of many participants having all this automated. Lots of apparently meaningless prints. That’s pretty much all that is going on.. just more fun to scare em with talk about latency speed of light system jamming. Works great when most people can’t make change of a dollar.
Whole thing is a Boogeyman for downmoves. While your elected officials destroy the place.
re: sweden “damn, if this is how socialism works”
That’s idiocy. “socialism” can only work in a mono-racial environment. If the Swedes had to pay for african teens to have countless illegit children, or school and food stamps subsidies for tens of millions of mexicans they’d be singing a different tune.
Ask yugoslavia how the socialism worked out in a multi-culti environment. The only kind of socialism that worked well, that made the populace happy, before it was destroyed (or destroyed itself), was “national” socialism.
I like how all these HFs and “HF” trading firms tell all the gringozecarioca’s of the world that they use some super-cerebral trading platform. You sucker. THEY ALL SAY THAT.
What are they supposed to tell you: “Our hedge firm uses low-tech and unsophisticated trading techniques”. LOL!!!
Is that you, Dan?
Same thought here, dahlia.
Is this the shortest turn around b/t posts under different names?
“Is this the shortest turn around b/t posts under different names?”
I am going to go with, no:
http://cribchatter.com/?p=9455#comment-99220
“I am going to go with, no”
I meant for this persona.
“I am going to go with, no:
http://cribchatter.com/?p=9455#comment-99220”
Wait. In addition to being a doctor, owning a construction company, and owning a real estate company, clio is also a lawyer?!?!
“Whole thing is a Boogeyman for downmoves. While your elected officials destroy the place.”
yeah but thats less fun for liberals to complain about since they come from the church of believing that government always has your best interests at heart
I thought Latour Trading was a Bordeaux auction house or something.
Nice enough place, probably a little over 300K
“yeah but thats less fun for liberals to complain about ”
I think you mean the pinko commies! Better dead then red! (of course this will get me reprimanded once again by my socialist friend miu. — Once she gets off the phone with her parents, at their second home, in Regalia Bay)