Luxury 5-Bedroom SFH Comes Back on the Market Just a Few Weeks After Selling: 3251 N. Lakewood
Thanks to the tipster who pointed out to me that the 5-bedroom single family home at 3251 N. Lakewood in Lakeview that we chattered about several times, which sold in September, came BACK on the market just weeks later.
You can see our last chatter in July 2011 here.
The house was new construction built in 2009 on a standard 25×125 Chicago lot.
It was on the market for nearly 2 1/2 years before finally selling in early September 2011.
In early October 2011, just weeks later, it was back on the market for nearly $100,000 more than the buyer just paid.
The listing says the buyer “relocated.”
If you recall, 4 bedrooms are on the second floor with the 5th in the lower level.
It has luxury finishes including millwork, moldings and a mahogany library.
The house has a 2-tiered deck and a 2-car garage.
How long will it take to sell the second time around?
Jennifer Ames at Coldwell Banker had the listing before and she has the listing again. See the pictures here.
3251 N. Lakewood: 5 bedrooms, 4.5 baths, 5200 square feet, 2 car garage
- Sold in March 2006 for $695,000(the prior house which was torn down)
- Originally listed in April 2009 for $2.38 million
- Reduced several times
- Was listed in December 2010 for $2.125 million
- Reduced
- Was listed in July 2011 for $1.995 million
- Sold in September 2011 for $1.89 million
- Re-listed in October 2011 for $1.995 million
- Taxes of $6040
- Central Air
- Bedroom #1: 20×15 (second floor)
- Bedroom #2: 14×11 (second floor)
- Bedroom #3: 11×14 (second floor)
- Bedroom #4: 11×10 (second floor)
- Bedroom #5: 11×14 (lower level)
Did Ms. Ames even take down her sign since the September sale?
LOL! Her client is toast!
Agent remarks indicate a “change in the buyer’s plans” and “now includes many enhancements added in anticipation of moving in”. Also, now it’s on the market during the slow time of the year. Good luck.
Damn the market is hawt!
I like JJJ’s comment from the last convo. I guess this guy finally realized he was about to commit suicide and backed off.
Not a guy. It was bought by two women with the same last name.
Mary Kate and Ashley?????11
I feel extremely judgmental of these buyers. I’m tired of sellers thinking they have the “right” to recoup their expenses even after owning a very short amount of time. No way would I pay for this buyer’s mistake.
This is the place with the industrial property immediately behind it. Just think: The joy of being woken up at 6 a.m. by trucks going in and out of your alley.
Can someone explain to me why the property taxes are so low?
The buyer bought this then bought another house a few blocks away near Blaine (and in Blaine’s boundaries). Guess the buyer pulled the trigger too soon.
“Can someone explain to me why the property taxes are so low?”
its not the same house when it it was assessed. should have been reassessed in 2009 due to, i think building permits filed?
if you buy it today for 1.9mil your tax bill will range from 15k-17k a year (and will be going on up from there)
“Mary Kate and Ashley?????”
haha. nice. would you rather have them for neighbors, or rosie?
“This is the place with the industrial property immediately behind it. Just think: The joy of being woken up at 6 a.m. by trucks going in and out of your alley.”
adds to the urban feel, nothing says i have made in life like a cup of coffee, diesel fumes and $9,000 a month mortgage payment
Those industrial properties are on their way out.
The one on the north side of School was torn down this summer.
The lots sold for $575. Insane. People love SoPo.
http://www.redfin.com/IL/Chicago/1234-W-School-St-60657/home/26775388
Groove: Very good!
I like the interior of this place, but the location just doesn’t work for me. Besides the industrial property behind it (and maybe they’re closing some industry down, but some remain and you can’t buy a house and just hope the factory behind it shuts down), it’s also too close to Belmont, too far from the L and in too noisy, sleazy and busy an area, if Belmont/Racine is as I remember it from 10 years ago when I lived not far from here. The east-west side streets like Melrose and School are better bets than the north-south ones like Lakewood, as there’d be less traffic off of Belmont.
I can’t think of a worse neighbor than Rosie. I would rather live next to gang members.
“Groove: Very good!”
thanks i do try my best.
if and when they tear down the industrial buildings, a park or something good will go up in its place. what you will get is a condo complex with stores and all thats going to do is increase congestion and noise.
i would rather have the industrial building stay providing jobs and taxable income than have more yuppies buying 2/2’s
Jenny’s version of hell: a 3 bedroom condo with crucifixes over each bed and only 1 bathroom next to Rosie.
icarus let me edit that for you
“Jenny’s version of hell: everything”
jenny = hell
“The buyer bought this then bought another house a few blocks away near Blaine (and in Blaine’s boundaries). Guess the buyer pulled the trigger too soon.”
How do you know?
“Jenny’s version of hell: a 3 bedroom condo with crucifixes over each bed and only 1 bathroom next to Rosie.”
on a street with a bike lane and lots of kids in the neighborhood.
Nah.. I love dogs and giant land tortoises… I would have no problem living next to someone who hoarded giant land tortoises.
and a bar with tattoo’d folks smoking outside
in jenny’s world even her shadow would have to get a job. cuz why should her taxes go to her lazy shadow when all he does is lay around until the sun comes out.
I don’t see anything in ccrd about another purchase.
Anyway, nothing says “playing with someone else’s money” like overpaying for a property too big for you and a month later deciding to sell it and buy something else.
In response to Dan #2 – they are closing industry down in this area – it’s only a matter of time before this last business is gone. The one across the street was torn down over the summer, and they are trying to put a playlot in 2 of the lots and have already received significant donations to date. These businesses used to be next to railroad tracks, which have been removed for a number of years now. Those tracks still exist further south as they go down the middle of Lakewood from 2800N to 2600N. This property is probably a block south of a much better area, as the following streets have some beautiful huge homes – Henderson from Southport all the way to the culde-sac, Lakewood between School and Roscoe. Lakewood is a one way street going south, and there’s no stoplight at Belmont, so there’s not as much traffic as you would think.
“I like the interior of this place, but the location just doesn’t work for me. Besides the industrial property behind it (and maybe they’re closing some industry down, but some remain and you can’t buy a house and just hope the factory behind it shuts down), it’s also too close to Belmont, too far from the L and in too noisy, sleazy and busy an area, if Belmont/Racine is as I remember it from 10 years ago when I lived not far from here. The east-west side streets like Melrose and School are better bets than the north-south ones like Lakewood, as there’d be less traffic off of Belmont.”
I like the details in this place. Clearly this is out of my price range, but I would think there is a buyer out there in the $1.7MM range.
There is obviously more to this story than we are assuming – so don’t speculate….
“There is obviously more to this story than we are assuming – so don’t speculate…”
isn’t that the point of this site? I mean when we’re not debating
* if a property is actually in a certain neighborhood because it’s located on a borderline block
* duplex up versus duplex down
* Lake View versus Lakeview
* If anyone calls it East Lincoln Park
etc
“if you buy it today for 1.9mil your tax bill will range from 15k-17k a year (and will be going on up from there)”
You have to assume that in the long run you are going to pay about 1.5% of the market value. In this case that would be 28,500 per year.
Wow. $2,375 a month just for real estate taxes. That’s more than most people’s mortgage payments by quite a bit.
“You have to assume that in the long run you are going to pay about 1.5% of the market value. In this case that would be 28,500 per year”
yep gary’s number is the correct one. i do thank you gary for not calling me out on my math error.
to save face i will just say my 17k was just for the city portion (or is that county portion)
or i can say “oops my bad i subtracted out the special services portion” (wait is this a special service portion)
ok really my estimate was with a senior freeze as i assumed only an old blind and def person would buy this home.
Seller’s background is pretty impressive and maybe my “someone else’s money” comment was unfair, but it still seems like poor planning to me to want to sell this a month after buying it. Still curious to find out how a local knows about the other purchase, though.
*Today on Crib Chatter, popular multiple-personality Clio sez: “don’t speculate!”
few listen. more details at 10.
“Not a guy. It was bought by two women with the same last name”
incorrect. one of buyers is a dude with a name that could go both ways
“incorrect. one of buyers is a dude with a name that could go both ways”
I show it as Jennifer and Ashley. No dudes there.
“I show it as Jennifer and Ashley. No dudes there.”
Ashley can be a guys name.
(Don’t ask me why I know this: http://en.wikipedia.org/wiki/Ashley_Parker)
Question: How does one wheel-and-deal $2M houses after two years as an associate?
JJJ – “Seller’s background is pretty impressive”
WAIT A MINUTE – you are “impressed” with the sellers background and hold him/her in high esteem w/o even knowing them (just based on their educational background?!!) Are you kidding me?!! Well then, you must think I am God!!!!
the seller hasnt made millions of extra stupid posts on cc
“Gary, cmon. if you are going to argue with me at least do a little research bc if I say you are incorrect you can bet I have something to back it up.”
I am flabbergasted. I have NEVER heard of a guy named Ashley before.
CH – shut the f up – seriously, i have only posted 875,376 times – not “millions” – geez – YOU should get your facts straight.
clio, I didn’t say anything about educational background. Usually, just an education doesn’t impress me much, although a little latin might change that. There’s more to a background than education. I’m also mostly convinced that people who bring up their education all the time are just trying to compensate for not being that smart or capable, but we’ve been through that before.
Rally, I think that the answer to your question primarily involves the long and the short. The mid-six figure SCOTUS bonus probably helped, too.
I’ve known guys named Ashley, Robin, and Francis. I’ve also known a few women named Chris. Randy can also be a female or male name as well.
Clio isn’t fit to wipe Ashley’s boots.
The really timid guy in “Gone with the Wind” was named Ashley.
good point jenny
Just read the property description. Isn’t wireless technology at a point where we don’t need a paragraph about the advanced wiring in the home? For $2M I’m sure there are more beneficial amenities worth highlighting.
“Ashley can be a guys name.”
none of you guys read/watch “gone with the wind”?
I cannot believe you are debating names and gender. You can name anyone anything. You can even name someone ZXIGUTYR and pronounce it “sue”.
sorry just read Jenny’s post : )
“I cannot believe you are debating names and gender. You can name anyone anything. You can even name someone ZXIGUTYR and pronounce it “sue”.
”
yes, except that Ashley is the name of a main character in an American classic.
a local, what’s the address of the second house that’s in play here?
Maybe it’s just peanuts to some, but the $100k for Ms. Ames services plus the $20k in title transfer tax would be a bitter pill.
good point miumiu
“Isn’t wireless technology at a point where we don’t need a paragraph about the advanced wiring in the home?”
Certainly not for anything more substantial than internet and phone. On the other hand, I expect high-end future-proof wiring at any home in this price range, so you could almost say that it doesn’t need to be included for that reason.
“Isn’t wireless technology at a point where we don’t need a paragraph about the advanced wiring in the home?”
It’s more like (part of) a sentence than a paragraph and I frankly wish builders would put in more wiring. Wireless stuff can still have issues. And obviously much cheaper to put in while you are building or rehabbing. Doesn’t seem as standard (and well thought out in terms of wiring scheme) as it should be. Maybe it is in $2MM places, which I don’t routinely look at.
“Maybe it’s just peanuts to some, but the $100k for Ms. Ames services plus the $20k in title transfer tax would be a bitter pill.”
Maybe she cut them a break. She’s using the same photos. And maybe they used her for the other purchase. Also, if the ccrd info is complete on the prior sale, they’re not exactly short on cash.
But yes, still a chunk of change.
“I cannot believe you are debating names and gender. You can name anyone anything. You can even name someone ZXIGUTYR and pronounce it “sue”.”
A few years ago, someone was in the news for naming their son Espn.