Are Appliances Important to Buyers? A 2/2 at 2042 N. Clark in East Lincoln Park

2042-n-clark

This 2-bedroom at 2042 N. Clark in East Lincoln Park came on the market in May 2016.

This building was constructed in 2002 and has 10 units.

It has an elevator and garage parking.

The unit has 11-foot ceilings and unique Romanesque columns outside the entrance to the kitchen.

The kitchen has Italian cherry cabinets, granite counter tops and luxury appliances including a Subzero refrigerator, Thermadore range and Bosch dishwasher.

It has marble bathrooms.

It has the other features buyers look for including central air, washer/dryer in the unit and a garage parking space.

This unit has been on and off the market, and has been rented, over the last few years.

It has been reduced $46,000 since May to $499,000.

In a 2-bedroom condo, do luxury appliances sway you to make the purchase?

Akos Straub at Coldwell Banker has the listing. See the pictures here.

Unit #4N: 2 bedrooms, 2 baths, 1350 square feet

  • Sold in July 2002 for $476,000
  • Originally listed in May 2016 for $545,000
  • Reduced several times
  • Currently listed for $499,000 (includes garage parking)
  • Assessments of $447 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $9219
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 15×13
  • Bedroom #2: 14×11

 

21 Responses to “Are Appliances Important to Buyers? A 2/2 at 2042 N. Clark in East Lincoln Park”

  1. The contrast between the fake hewn flooring and modern colors/cabinets/appliance is why this isn’t selling.

    Staging would be a great idea for this place.

    Access to the deck through both bedrooms isn’t real practical.

    Make this a 1Bd w/ an viewing/TV room, fix the flooring and it will move

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  2. Something about the color scheme in the living room…and the way it looks so triangular, it’s just a turn off.

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  3. Those columns offend me. Removing the columns and replacing the floor would go a long way in selling this place.

    I’m also a little surprised that the assessments are so low for a large building with only 10 units.

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  4. These floors are terrible. So are the columns.

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  5. Spending 10k on a refrigerator… wire shelves in the closet… cmon man, spend 2k and make that walk in closet nice

    wire shelving is something you should retire and never have to look at again after your first rental in Chicago

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  6. The columns are awful.

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  7. “Are Appliances Important to Buyers?”

    i think when you’re buying a more high end unit/home, say 800k and above, appliances matter. i’d expect a professional style range and a built-in refrigerator. in a unit like this, it doesn’t make sense to have a sub-zero. the range and dishwasher, while nice brands, look outdated to me.

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  8. I could see spending money on a high end stove and oven, even in a small condo, if the owner loves to cook. The high end refrigerator makes little sense to me unless it’s part of a high end kitchen.

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  9. Agree – – pretty incongruous to attempt to give off airs of grandeur with tacky ornamental columns and then have wire shelving in your closet.

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  10. The existing appliances aren’t as important to me as having the space to install what I want. Many high-end appliances are wider than standard. Having a high-end appliance already in place gives me the option to later replace it with another high-end appliance of my choice. I don’t have that choice if there is no space.

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  11. “Spending 10k on a refrigerator… wire shelves in the closet”

    *crappy* wire shelves. If you filled them completely, you’d be seriously risking having it pull out of the wall (personal experience).

    “the range and dishwasher, while nice brands, look outdated”

    Looks like that was the entry level Thermador range (rdf 30, probably) back in 2002. $2000-$2500 range. The DW is probably also original to the unit and is *definitely* not the top of the line from Bosch.

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  12. I think a better question in this case is “are closet organizers important?”. Do people expect Elfa, California Closet, or some other closet system? Or is it good enough if they can design and install something for themselves? – as long as there is good closet space.

    I have no problem installing something for myself. I don’t care about the existing wire shelves. I could have an awesome closet installed in a day.

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  13. “Many high-end appliances are wider than standard. ”

    not really. you can easily get a 30″ viking, wolf, etc range and hood and dishwashers are all typically the same size. the only issue is if you’re going with a built-in refrigerator.

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  14. The high-end appliances that I want are wider than standard. To me, it’s not high-end stove if I can’t fit a couple large saute pans and a pasta pot all at the same time. And I want a 24″ wide microwave (not above the stove). And I want either a very wide refrigerator/freezer or a separate refrigerator and freezer, trimmed to match.

    All that takes a lot of space.

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  15. “The high-end appliances that I want are wider than standard.”

    so what you really want is bigger…gotcha.

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  16. Sure wire closets aren’t great, but are they really bad enough that you would pass on buying a place because of them? They’re probably a cheaper/easier fix than paint…

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  17. I like the columns. Kinda fun. But I did think the same way about the closet shelves as everyone, whoever took the effort to get these columns in but never did a closet makeover. Weird.

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  18. I think expensive appliances are pointless and useless if the microwave is over the stove. Who really cooks and wants nice appliances without a hood?!?

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  19. If the appliances are 14 years old, the brand matters little. I actually like the floors, at least the look hasn’t been done to death. At the current price, you could do worse given the pretty great location.

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  20. They’re probably a cheaper/easier fix than paint

    Well, I’d say that is a bit of a stretch. But high end ELFA from the closet store is wire and some fairly good stuff. Like many things I guess that it depends on the level of finish. Cheap 1×6 wood is not that impressive either. and I’m actually tired of many of the California Closets.

    Wonder what Jay Pritchard will innovate next. Looking forward to seeing his booth at the closet technology convention next spring.

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  21. Were the September home sales out last week?

    I missed it.

    Too much going on with the Cubs!

    I’ll have the market conditions post on Tuesday.

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