Drama Price Reduction To $300K Gets A Contract For This Historic Rowhome: 3837 N. Alta Vista Terrace
We chattered about this 4-bedroom historic rowhouse at 3837 N. Alta Vista Terrace in Lakeview in December 2012 after it sat on the market for several months.
See our December chatter here.
Back then, the rowhouse had just been reduced $50,000 to $450,000 but most of you thought that was still to high given that the rowhouse needed work.
This rowhouse is on Alta Vista Terrace which is a landmarked block of 40 rowhomes that were built to look like London rowhouses.
Built in 1901, it is on a 25×50 lot.
The listing doesn’t mention parking. Some on this block have parking (or room for it) in the backyard- and some do not.
On this block, it can be hit or miss with some rowhouses completely renovated and others not at all.
The listing says this rowhouse has wood floors and extensive woodwork. That appears to be the original tile surround on the fireplace.
According to the listing, the white kitchen cabinets were installed in 2007.
It is “light & bright” “comfortable, secure & private” and a “great investment to call home.”
Recently, the rowhouse saw a drama price reduction of $150,000 to a new list price of $300,000.
It went under contract almost instantly.
Was this a deal?
And will it even be able to close at this low of a price?
Pete Rodgriguez at Coldwell Banker still has the listing. See the pictures here.
3837 N. Alta Vista: 4 bedrooms, 1.5 baths, no square footage listed
- Sold in March 2006 for $529,000
- Originally listed in May 2012 for $500,000
- Lis pendens foreclosure filed in November 2012
- Was listed in December 2012 as a “short sale” at $450,000
- Reduced in January 2013 to $300,000
- Under contract that day
- Taxes of $9658
- Central Air
- No parking listed
- Bedroom #1: 15×12 (second floor)
- Bedroom #2: 12×14 (second floor)
- Bedroom #3: 10×11 (second floor)
- Bedroom #4: 10×10 (second floor)
- Listing also mentions a 5th bedroom in the basement with finished bath