Not Everything Is Selling In a Week: 3-Bedroom Southport House Reduces at 3408 N. Bosworth

3408 n bosworth approved

We’ve chattered about this 3-bedroom house next to the El tracks at 3408 N. Bosworth in Southport several times.

See our March 2013 chatter here.

But with the market “hot” a lot of properties that haven’t sold in the last few years are taking their chances again.

You’ll recall that it came on the market higher than a previous list in 2010 at $599,000.

It has since reduced to $575,000.

If you recall, the house has most of the features buyers look for including central air and a 2 car garage.

Built in 1877 on a 25×125 lot, it has some of its original features including stained glass but also has been updated, including a new chef’s kitchen with Viking and Jennair appliances, white cabinets and granite counter tops.

2 of the 3 bedrooms are on the second floor and the property has an unfinished basement.

The house only has 1 bathroom however.

I’m suddenly seeing a few more properties sit on the market than just a  month or two ago. It’s just anecdotal and in the GZ.

Is the desperation by buyers being exaggerated?

Deborah Nick at Conlon still has the listing. See the pictures here.

3408 N. Bosworth: 3 bedrooms, 1 bath, no square footage listed, 2 car garage

  • Sold in February 1996 for $132,000
  • Sold in February 1997 for $170,000
  • Sold in June 2002 for $428,000
  • Sold in July 2005 for $569,000
  • Originally listed in April 2010 for $749,000
  • Reduced
  • Was listed in October 2010 for as low as $589,000
  • Withdrawn
  • Originally listed in March 2013 for $599,000
  • Reduced
  • Currently listed at $575,000
  • Taxes now $10,747 (they were $8523 in October 2010)
  • Central Air
  • Bedroom #1: 15×14 (second floor)
  • Bedroom #2: 14×10 (second floor)
  • Bedroom #3: 11×8 (main floor)
  • Living room: 23×12
  • Dining room: 12×12
  • Kitchen: 16×9
  • Mudroom: 9×6
  • Unfinished basement

15 Responses to “Not Everything Is Selling In a Week: 3-Bedroom Southport House Reduces at 3408 N. Bosworth”

  1. I definitely think there is some desperation among buyers as prime homes in prime areas at reasonable prices are going off the market fast but many sellers think that means anything will go under contract quickly. Not if you are overpriced, in a shitty location or need plenty of work. Those houses offer buyers a great chance as long as it isn’t location like this home.

    However, if a buyer can find an overpriced and/or home needing work and wait out the sellers to accept a low offer that is better than nothing, they can end up with a great deal I think. I feel we were able to and I have seen other sales of homes that should have gone for more but had either sat forever or just didn’t show well and needed to be refreshed.

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  2. Worth closer to the 02 price than the 05 price IMO. If the el right next to you doesnt ruin it, only having 1 bathroom will.

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    Rating: +4 (from 4 votes)
  3. With the L there all this one sitting says is that people aren’t *that* desperate.

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  4. The el tracks make this house incredibly unappealing. I don’t know how the current owners lived here for 8 years.

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  5. “I don’t know how the current owners lived here for 8 years.”

    Didn’t a current/former tenant comment in one of the prior posts?

    It’s not a great cashflow property, but that’s probably the best thing–keeping it as a rental. But then it’s ‘worth’ something less than the ’02 price, I’d think.

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  6. anyone that pays over 400k for this is dumb

    Heitman, you interested?

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  7. “Is the desperation by buyers being exaggerated?”

    No.

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  8. Seriously, I’m constantly surprised at what I see some stuff sell for. Much higher than I would have thought. I’m recalibrating.

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  9. Looks pretty nice inside. But 1 bathroom and the El tracks kill this. I wouldn’t even go inside to see it

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  10. I agree c, I was pleasantly surprised by the interior. Has to go lower to sell though due to the 1BA and L.

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  11. I absolutely adore this house. Both the interior and exterior are just lovely.

    What do you guys think is a bigger drawback, L noise or 1 bathroom? I’d be inclined to say that 1 bathroom is more of a hassle than the train, but I have a pretty high tolerance for noise.

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  12. For me, 1 BA is worse than the L.

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  13. “For me, 1 BA is worse than the L.”

    How much does it cost to add a bathroom?

    How much does it cost to move the El?

    That’s *my* answer.

    Also: In a house like this, does anyone *really* consider the first floor “bedroom” to be a genuine, usable-full-time *bedroom*, or is it an office/den/guestie? If that’s the case, how do you feel about the place/price as a 2/1 with Den?

    why not get rid of the mainfloor bed, add a 3/4 bath there, and reconfigure the balance of the space from the bed into living area?

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  14. ps: mainfloor bed is only 8×11, so it’s barely big enough for a decent guest room slashie, anyway.

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  15. L is the worst than the 1 BA. You can add a bath in the basement for like $5 or 6K

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