Weekend Auction of 8 Luxury Homes in Old Irving Park and Edgebrook Glen
CA Development, which have developments in Old Irving Park and Edgebrook Glen, is apparently going to auction 8 new construction single family homes this weekend on Sunday, April 26.
According to the company’s website, the 8 homes that are going to auction were priced “as high as” $1.15 million and are “guaranteed” to be sold.
Minimum bids will start at $495,000.
It looks like 2 homes will be in the 26-home Mayfair Crossing development in Old Irving Park, including the model home at 4219 N. Kilpatrick.
The website says the house has had $100,000 in designer upgrades and includes “all the bells and whistles.”
The listing says the minimum bid will be $495,000 or you can buy it now for $575,000.
Is this a deal for the neighborhood?
Barbara O’Connor at Koenig & Strey has the listing. See the pictures here.
4219 N. Kilpatrick: 4 bedrooms, 3.5 baths, 2 car garage, 2736 square feet
- Was listed in January 2009 for $575,000
- Currently listed for $495,000
- Auction on April 26
- Taxes are “new”
Mayfair Crossing [website with floor plans, pictures etc.]
According to the website, the Edgebrook Glen development has 64 single family homes next to a forest preserve at 5200 West Armstrong.
Edgebrook Glen [website with floor plans and a video of the homes].
Find out more details on the auction at the CA Development website.
If anyone attends the auction this weekend, please fill us in!
For the “Buy It Now” option, do they accept paypal?
“For the “Buy It Now” option, do they accept paypal?”
Yes, but only if you have “Super-hyper-awesome” status on Ebay…
I wonder if I can apply live.com cashback to the BuyItNow price
Edgebrook Glen is a ghost town. It has to qualify as one of the worst development ideas, ever. I stumbled upon the development while riding on Elston. The development is at the end of long street consisting of a CTA bus depot, a CTA bus machine shop and a CTA bus cleaning station. The lots are small and the houses were supposed to be packed in one on top of another. The houses look OK but nothing special, they look similar to the Mayfair development. Frame with aluminum siding. When EG was first developed they were trying to sell them for a million bucks each. Look at the development on google street view and tell me if you would pay a million bucks to live there. To the best of my knowledge the development is just as underdeveloped and desolate today as it appears in street view.
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=armstrong+and+elston,+chicago,+il&sll=37.0625,-95.677068&sspn=33.710275,79.101563&ie=UTF8&ll=41.98466,-87.760484&spn=0.00193,0.004828&t=h&z=18&iwloc=A&layer=c&cbll=41.984879,-87.760275&panoid=NCsStBB5-C7jXE5LBEfpDQ&cbp=12,134.13789593872335,,0,5.3
It looks like some remote exurban development, funny thing this is in the city. It might appeal to those who want to be near city life, with blocks that looks like it belongs in the suburbs.
Wow looking at that streetview reminds me of just about every subdivision i’ve ever seen in Naperville.
That Mayfair Crossing development is the pits. Not only do Metra and Amtrak trains barrel past your house every 19 minutes, it’s just a terrible development.
Revassal,
The things you described appeal to me, but a few things wrong with this property: 1) Its backyard abuts Metra tracks. 2) From Google streetview it looks like the developer ran out of money and never completed the development, indeed giving the “ghost town” effect.
A couple really great things: you can walk to the Mayfair Metra stop and it is right near the Montrose exit on I90/94 right before the I90/94 split (clutch). I don’t know the area but it has a walkscore of 83 and appears theres enough nearby to walk to.
No these aren’t million dollar homes, I think they are priced reasonably well for the market at 500k, but I’ve seen homes in better (completed) developments languish at that pricepoint so unsure. The fact that the developer was asking 1MM+ initially is proof of their delusion and disconnect from the reality. They will be lucky to fetch anything over minimum bids.
How did Edgebrook Glen do in the flooding last September? Isn’t that about where the worst of it was?
Re the linked home–that’s the model?? Seriously? They put in that “eclectic” furniture etc in the model?
CA development is known for crappy overbuilt developments.
How are they “guaranteed” to be sold if they have minimum bids?
“How are they “guaranteed” to be sold if they have minimum bids?”
I had the same question, but assumed that they meant that, even if the only bids were for the minimum, they would sell them.
So the listing price currently of $475K is also the minimum bid? Shouldn’t the minimum bid be LESS than the listing price…. Maybe they’re thinking if they put the words real estate auction out there people will just come and buy stuff thinking it’s a great deal?
I bet the port-a-potty cost $250K
Went at looked at the Glen today. The eye candy is great. The fit and finish is awful. Sloppy construction was evident on many of the homes. Crumbing curbs, cracked sidewalks, Piers missing foundations, stairs deteriorating, aluminum soffits falling down, downspout not correctly corrected. All that without a “Holomes” inspection, just walking around. The entry trip into the subdivision was positively depressing. The planes overhead were far more annoying than the Metra. The lots are tiny the house large, the scale of the whole thing is awful. Anything over 100 dollars a square foot is overpaying. This site should be condemned. Great spot for a sausage factory.