The Affordable Budlong Woods Townhouse Reduces $110K: 5252 N. Rockwell
We last chattered about this 3-bedroom townhouse at 5252 N. Rockwell in Budlong Woods in January 2010.
See our prior chatter and pictures here.
It was withdrawn from the market but has since come back on and it looks as if it is now a short sale.
The townhouse has been reduced $110,200.
It has a fenced back yard and parking.
Yes, that is pink carpet but that is a cosmetic change.
The townhouse also does not have central air- but only window units.
With the price now approaching the 1995 purchase price, is this now a deal?
Ifeta Faye Redzovic at First Gold Realty (which, in the listing, says she is a certified short sale professional) has the listing. See the pictures here.
5252 N. Rockwell: 3 bedrooms, 1.5 baths, 1232 square feet, assigned parking
- Sold in August 1991 for $114,000
- Sold in October 1995 for $120,000
- Originally listed in May 2009 for $279,900
- Reduced
- Was listed in January 2010 at $269,900
- Withdrawn
- Re-listed in August 2010 for $199,700
- Reduced several times
- Now a short sale???
- Currently listed at $159,700
- Taxes of $2734
- No assessments
- No central air- window units
- Finished basement
- Bedroom #1: 12×11
- Bedroom #2: 10×10
- Bedroom #3: 12×11
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Looks like public housing.
$0.00
Looks like something from Villa Park… hmmmm $3?
Not even public housing has carpeting that painful to the eye. Ouch.
But that said, good grief – this is really cheap.
It always strikes me as unusual to see a hole in the brick for a windows AC unit.
has that low level Cocaine dealer look to it.
That place could actually be converted to an amazing minimalist dream pad
The exterior makes me feel very sad.
The interior can be changed and the rooms look fairly large. I don’t think I could get past the exterior though.
GHET-TO.
Come on guys – the place is priced for what it is!! What do you expect for 160k? A mansion?
couldn’t pay me to live here
This would be a perfect project for a show like Sell This House.
U G L Y this place has no alabi. Its ugly, its ugly yeeech!
It would rent for about $900 a month and should be priced accordingly.
A very good price for a mid-century modern. Refreshing to not hear about “stainless steel and black granite.” A very workable, affordable property.
Not close enough to an el stop for me.
Not my definition of Mid century modern!
This is a solidly-built mid-century modern collectivist townhouse. For an urban hipster-parent who likes Korean barebeque and karaoke bars, who can bike down to Brown or Red Lines, this is a deal. It could be renovated via Home Depot into a very decent place. What you save in housing costs, you can afford to send your kids to Montesori school in Bowmanville five minutes away. Look at the yard; you can grow your own vegetables and keep chickens.
“Not close enough to an el stop for me.”
So, your legs are as short as Groove’s?
Half a block to the 11, 6 minutes to the Brown Line. Or an easy 20 minute walk.
Also: “It would rent for about $900 a month and should be priced accordingly.”
This *is* priced according to a sub-$1k rental equivalent. 5.25 cap, about, which is above the cost of funds for this size loan for an o/o.
I think this townhouse is located near the ca. 2000 condo conversions on Farragut and other east-west streets, just west of Western and north of Foster. The units were really nice “starter” homes, but a number of them are now in foreclosure/short-sale.
I know it’s an apples/oranges situation, but the condo situation nearby may have a negative impact on the desirability of the townhouse.
Sold for 150K on 1/21/2011. I’d call that a steal.