Short Sale on Modern Bucktown Mansion: 1809 N. Hoyne
Is modern “out”?
This 4-bedroom concrete and glass modern mansion at 1809 N. Hoyne in Bucktown is currently listed as a “short sale.”
It has concrete floors and what looks to be a concrete bathroom.
Anthony Madonia at @Properties has the listing. See the pictures here.
1809 N. Hoyne: 4 bedrooms, 4.5 baths, no square footage listed, 2 car garage
- Currently listed for $1.2 million
- Listed as a “short sale”
- Built in 2007
- Taxes are “new”
4 Crappy cell phone pictures? Wow that realtor is doing a bang up job! Not. You think the guy would put a little more effort and you know, WANT to make 60k by selling the place? Guess his GED education didn’t teach him that money is good.
Very interesting property though. I like modern and this is very cool. The cement floors leave room for improvements (like marble perhaps?) and that is some awesome curb appeal on the outside. not sure about the neighborhood, but it probably sucks, and is why this place hasn’t sold yet and is only 1.2 million.
Geez, where do you find these places? Very cool. (Without debate on the proper price, I couldn’t afford 50% off!
Actually, the neighborhood is great — that’s prime Bucktown. I’ve walked past that place many times and liked it. There’s a mirroring house next door. And yes, you’d think the realtor could go the extra mile for some decent photos…
I’m not sure why the photos are grainy but they’re not cell phone pictures. Notice the VCT in the lower right corner…
I’d also backup that the neighborhood wouldn’t be the reason it isn’t selling – great area. Check out the street view:
http://maps.google.com/maps?client=safari&rls=en-us&q=1800%20n%20hoyne&oe=UTF-8&um=1&ie=UTF-8&sa=N&hl=en&tab=wl
Might not be selling as it is completely vertical? Along with the lowered amount of folks who have 300k to put down. I like modern, but I doubt this would fly with the other half. I would like to see more photos, even when shopping for a lower price point I didn’t want to spend my free time driving around to properties.
The hood is good, problem is that there are tons of $1+ million homes around there, mostly new construction and plenty modern. Very little has been selling in the high end SFH bucktown/wicker park market…
One that did sell though was another very cool big modern mansion at 2070 N Oakley. It was listed for $1.3 million and sold for $950k. 5 bedroom and IMO nicer than this one.
wow someone is a h8ter. 😛
those arent cell phone pictures as noted by the vht logo. not sure why they are so bad, vht is always really good. i assume that has to be a mistake where someone transferred over thumbnails and overwrote the files vht uploads to sites.
modern has it followers. its smaller than those who like the contemporary blandsome look for sure. the question is always is it good modernism or bad.. and here its bad just my opinion of course.
“Guess his GED education didn’t teach him that money is good.”
Sonies not all of us Realtors are dumb. I got a very good education and take offense to that comment. I don’t go around bashing your educational standard, or what you do for a living. The thing is, us Realtors that actually take advantage of good listings, market them well. This is why we sell more than other Realtors.
Moving on, I agree with you that the pictures are crap. The location of this is good, and I like the unique look this house offers. I would be surprised to see this sell for more than a million, but I think there will be some interest on this house.
““Guess his GED education didn’t teach him that money is good.”
Sonies not all of us Realtors are dumb. I got a very good education and take offense to that comment. I don’t go around bashing your educational standard, or what you do for a living. ”
Yeah the sad part is that in my line of work, most people have MBA’s or whatever and they are STILL DUMB.
For all the haters:
The End of the 6% Commission: Examining the National Association of Realtors and why Agents and Lenders are Going the way of the Travel Agent.
http://www.doctorhousingbubble.com/commission-money-real-estate-housing-zillow-redfin-ziprealt/
Sonies I agree with you that a lot of people out there are not that intelligent, no matter what their education level is.
“The End of the 6% Commission: Examining the National Association of Realtors and why Agents and Lenders are Going the way of the Travel Agent.”
Homedelete, I have been hearing this for years. I can go down the line and tell you how I can eliminate about 60% of every job out there, but its never going to happen. The fact is, if you are good at what you do, your job will always be in demand. Realtors are not for everyone, and I understand that. For the record, not everyone charges 6% either. I, for one, am at 3.9%. However, we can help buyers and sellers make good decisions. One of the main sources I get a lot of clients from are people who used a buyowner or bought on their own and tell me what a nightmare it was. I am not a “hater”, and I am not sure even how that refers to me. But this is totally off subject of our Bucktown house.
For all the haters of real estate; that blogger has some strong vitriol for realtors. I thought it was funny how strongly some people are in their hate of realtors. Me personally, realtors don’t bother me, i actually kind of like them. Friendly people as a group. Totally off-topic but still related to the discussion; what’s the point of a thread and comments if you’re not allowed to freely discuss whatever topics might arise? Sticking strictly to the property at hand is sort of like college where all the comments needed to be related.
“not sure about the neighborhood, but it probably sucks.”
You don’t know much about Chicago neighborhoods, do you?
Love the aesthetic, although I agree with Bob 2 about 2070 N Oakley. Could it be that the Hoyne property is too close to rail tracks for the money? (And which tracks are those?)
I am in the market for a SFH in Chicago in the 1-1.5 mil range. Only thing I’m really looking for is a close commute to the loop. Single with no kids as well. I think prices in this price market are bound to drop dramatically though perhaps lag behind the general housing market. With jumbo rates still considerably higher and the high end market dying out (though maybe not in Chicago?) Would you guys generally agree? I don’t want to be a “knife catcher” but don’t wanna miss the boat either.
GUnit,
I wouldn’t worry about missing any boat, no boat is going anywhere with regards to housing appreciation any time soon. That being said most of the inventory in the range you described is pretty customized/unique. So personal tastes may dictate as much about when you enter the market vs. avoiding another year or two of depreciation as there are far fewer units in this range.
If I were you I’d check out 444 W 38 ST in Bridgeport. BTW I will be insanely jealous if you purchase this place.
“444 W 38 ST”
is A L Hauling & Demolition Svc.
Sounds like a nice place, Bob.
Bob,
For someone who ripped on 2032 N. Oak Park for a price of $370K and a walk score of 62, how is 444 W 38th, which is $1.25M and a walk score of 65, a good buy?
anon (tfo) wins the thread.
I never said it was a “good buy”. But lets compare what we can:
1) You can walk to the Cell from here that Bridgeport house.
2) That Bridgeport house has a full two car garage.
3) That Bridgeport house has a sauna.
4) That Bridgeport house has a full in-ground pool and hot tub with ample lounging space
5) That Bridgeport house is 4,400 square feet, theres a reason theres no square footage listed on the Galewood house (old realtor trick, if its small just leave it off, hope noone will notice).
6) That Bridgeport house is a stone’s throw from the highway.
7) That Bridgeport house has a heated sunroom.
8) That Bridgeport house has a movie theater room.
I don’t know if 444 W 38th is a good buy but it is well worth more than 3x whatever the Galewood house is. To even suggest the house in Galewood comes close to 1/3 the value of that Bridgeport house is a giant joke and shows why lemmings should not be given ridiculous financing to bid up cottages in Galewood to 370k.
I would admire the owner of 444 W 38th for owning such a nice palatial place, regardless of how they financed it (even if your finances suck you can still swim in your inground pool). I would feel sorry for the overly-levered owner of that Galewood house who thinks that dump is worth anywhere close to 370k
You completely missed the point – clearly Bridgeport is nicer than Galewood and has tons of extra features – it’s much more expensive… I’m just saying if your biggest knock on Galewood was the fact that it’s not walkable, therefore not worth a “Chicago” markup (you also ripped on CPS), the same would seem to hold true for Bridgeport.
“I am in the market for a SFH in Chicago in the 1-1.5 mil range. Only thing I’m really looking for is a close commute to the loop. Single with no kids as well. I think prices in this price market are bound to drop dramatically though perhaps lag behind the general housing market. With jumbo rates still considerably higher and the high end market dying out (though maybe not in Chicago?) Would you guys generally agree? I don’t want to be a “knife catcher” but don’t wanna miss the boat either.”
Where do I begin?
The inventory is huge and if you want new construction, many of the developers are in deep, deep trouble. Look around. You have your pick of neighborhood in that price range.
If you have an agent- you could look for weeks and still not see everything.
By the way- a tipster told me that this house was originally listed at $1.9 million in 2007.
I like modern but this is just too cold looking. The glass makes it so un-welcoming (something that modern is often accused of). It looks like a boutique office space more than a home!
fullhouse,
I disagree, they are comparable neighborhoods to a degree. Bridgeport has a lot of fugly architecture. From that standpoint it might be equal with Galewood. It really has a lot of architecture that belies its history as a working class, tenement type history. However it is much closer to downdown and this has value to the downtown worker.
It excels in other areas, chiefly location. No its not hands down superior in terms of location if walkability is your only criterion. But there are areas that are easily accessible to the trains. The property I compared against happens to not be but if you can afford a 1.25MM house you can afford a $500/mo downtown space too.
They both suffer from the same CPS issues, true. But this house in Galewood the ask price is 370k. You can get a 3,500sf McMansion in Bridgeport for 515k and the comps for this are falling monthly. Also the price per square foot is falling to around $150 in Bridgeport currently. I bet that Galewood house doesn’t come close and we could find out if the realtor and seller would be honest and just list the homes actual square footage.
Realtors expect a 6% commission on the transfer of a property but they can’t be bothered to put the square footage of the Galewood home in the listing? Sounds like they are up to some elementary school shenanigans and Dr. Housing Bubble is right in his criticism of them.
Just check his charts of NAR membership, how much longer will the Galewood listing agent be a member?
http://www.doctorhousingbubble.com/wp-content/uploads/2009/02/nar-membership.png
Bad realtors are going the way of the travel agent due to imbecilic tactics that anyone with a 70 IQ can see through like not listing the square footage of a property they are the listing agent for. Now that you need a downpayment the Forrest Gumps are excluded from the home ownership population so do they still think everyone is _that stupid_???
GUnit is single but wants to own more house than 90% of Chicago, with a quick commute, natch. Sounds like market maker bonus season is upon us.
It does smell fishy…
I LOVE modern and i HATE this house. as someone above pointed out, there is good modern and there is bad modern. This is BAD. cheezy.
i guess it boils down to personal taste but this is awful.
What’s up with the terraces being all boarded up in the Google Maps street view?
http://maps.google.com/maps?oe=utf-8&client=firefox-a&q=1809+North+HOYNE+Avenue+60647&ie=UTF8&split=0&gl=us&ei=tzKTSZWYM8H7tgfg_6TjCw&ll=41.914685,-87.67976&spn=0.007808,0.013819&z=16&iwloc=addr&layer=c&cbll=41.914679,-87.679865&panoid=ZEapjc_2-rxnyMlMGBaHsw&cbp=12,162.3694408497111,,0,-11.588512531719784
If the place is vacant I suppose the boarding up is just to prevent vandalism.
You do know that google street view isn’t always recent.
Also possible that the streetview was taken while it was still under construction. It’s not like they update the pictures on a weekly basis.
Ha–crossing posts.
I pwned you anon
Sonies – no I thought Street View was realtime. Thanks for explaining.
Has anyone actually seen this property? Any issues?
I’ve seen it. there was water in the lower open area for what must have been months. I was there in August and it was still there in November. That cannot be good. It looks abandoned.
Also, who would by a place with such a waste of space on the property?