Bank Owned Lincoln Park 2-Bedroom Sells For $52,000 Over Asking: 1024 W. Armitage

We’ve chattered about this vintage 2-bedroom at 1024 W. Armitage in Lincoln Park several times over the past year.

The last time we chattered about it, in December 2011, it had been re-listed as a bank owned unit for not much more than the 1998 price at $389,000.

See our prior chatter here.

But it must have been a hot property at that price because the property closed for $52,000 over the original list price, or $441,000.

In our original chatter, anonny thought this would sell between $425k and $445k- and it turns out he was right on the money even with the bank originally listing it at $389k.

If you recall, the building was built in 1890.

The unit had 19 windows, including those in the turret.

The kitchen had white cabinets, black appliances and some kind of stone counters.

It had all the amenities that buyers look for including central air, washer/dryer in the unit and garage parking.

Did someone still get a deal, even with paying well over the list price?

Linda O’Donnell at Re/Max Signature had the listing.

You can see the original photos of the interior here. The bank actually painted the unit before re-listing it.

Unit #2: 2 bedrooms, 2 baths, den, 1760 square feet

  • Sold in June 1998 for $377,500
  • Sold in November 1999 for $368,000
  • Sold in April 2003 for $467,000
  • Lis pendens filed in February 2009
  • Originally listed in September 2010 for $599,000
  • Reduced in March 2011 to $549,900
  • Appears to be bank owned as of July 2011
  • Was still listed in September 2011 at $549,900
  • Withdrawn in late September
  • Re-listed from the bank in December 2011 for $389,000 (included the parking)
  • Sold in February 2012 for $441,000
  • Assessments of $266 a month
  • Taxes of $8481
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 13×14
  • Bedroom #2: 15×13
  • Office: 8×8

Your Full Floor Vintage Beauty Across From Lincoln Park Awaits: 2344 N. Lincoln Park West

This 5-bedroom vintage unit at 2344 N. Lincoln Park West across the street from Lincoln Park recently came on the market.

Built in 1916, the listing describes it as a “Beaux Arts Beauty.”

It commands the entire floor of a 6-unit building with 4 exposures, including Lincoln Park and the lake front.

The building has an elevator and there is 2 car parking with the unit.

It has the features you would expect from construction in this era including crown molding and wainscotting.

The unit has a 35 foot foyer and a formal dining room.

It also has space pak cooling and a washer/dryer in the unit.

Is this a  good alternative for those who want the space, but not the hassle, of a single family home?

Karen Breen Elia at Re/Max has the listing. See the pictures here.

Unit #3: 5 bedrooms, 4 baths, 4250 square feet, 2 car parking

  • I couldn’t find a prior sales price
  • Currently listed for $2.8 million
  • Assessments of $1890 a month (includes heat)
  • Taxes of $17398
  • Space pak cooling
  • Washer/Dryer in the unit
  • Bedroom #1: 19×14
  • Bedroom #2: 13×13
  • Bedroom #3: 14×11
  • Bedroom #4: 16×13
  • Bedroom #5: 11×10

10 Months Later, “The Fugitive” House Is Still Available: 336 W. Wisconsin in Lincoln Park

This 5-bedroom modern construction single family home at 336 W. Wisconsin in Lincoln Park burst onto the market in June of 2011 to much publicity because part of the movie The Fugitive, with Harrison Ford, was filmed in it.

10 months later, it is still available and has been reduced $251,000 in that time.

Built in 1981 on a larger than average Chicago lot of 32×126, it has a lot of features you don’t normally find in single family homes including a sauna, an elevator and an indoor pool.

It also has a 3 car garage.

The kitchen has white cabinets and a stainless steel refrigerator.

There are 3 master suites.

Does being a movie location help, or hurt, to sell a property?

The other homes that were in movies that were recently on the market haven’t sold yet either. Those include the Home Alone house in Glencoe and the Ferris Bueller modern home in Highland Park.

Margaret Wilczek at Prudential Rubloff has the listing. See the pictures here.

336 W. Wisconsin: 5 bedrooms, 5 baths, 6129 square feet, 3 car garage

  • Sold sometime before 1994 (?)
  • Originally listed in June 2011 for $3.95 million
  • Reduced
  • Currently listed at $3.699 million
  • Taxes of $48,845
  • Central Air
  • Sauna
  • Elevator
  • Indoor pool
  • Bedroom #1: 15×19 (third floor)
  • Bedroom #2: 12×22 (second floor)
  • Bedroom #3: 13×16 (second floor)
  • Bedroom #4: 13×14 (second floor)
  • Bedroom #5: 14×18 (fourth floor)
  • Family room: 17×20 (main floor)

“Completely Rebuilt” 4-Bedroom Modern Single Family Home in the Gold Coast: 44 E. Elm

This 4-bedroom single family home at 44 E. Elm in the Gold Coast came on the market in early February 2012 and was quickly reduced $300,000 to $4.2 million.

Originally built in 1881 on a 17×105 lot, the listing says it was “completely rebuilt” in 2010.

It now has a modern interior, including a massive skylight and heated walnut floors.

The listing says it has a “Florense kitchen” with Subzero, Wolf and Miele appliances.

There are 4 fireplaces and 2 laundry rooms.

The master suite is on the third floor with two bedrooms on the second and the fourth bedroom in the walk-out basement.

At 4500 square feet, it has a 2 car garage and central air.

Will this house command a price over $4 million on this street?

Jean Jernstedt at Koenig & Strey Real Living has the listing. See the pictures here.

44 E. Elm: 4 bedrooms, 3.5 baths, 4500 square feet, 2 car garage

  • Sold in November 1993 for $517,500
  • Sold in June 1995 for $1.385 million
  • Sold in June 2002 for $1.375 million
  • Sold in August 2003 for $1.43 million
  • Originally listed in early February 2012 for $4.5 million
  • Reduced just days later
  • Currently listed at $4.2 million
  • Taxes of $29,084
  • Central Air
  • 4 fireplaces
  • 2 laundry rooms
  • Bedroom #1: 18×15 (third floor)
  • Bedroom #2: 15×14 (second floor)
  • Bedroom #3: 14×14 (second floor)
  • Bedroom #4: 18×13 (walk-out basement)
  • Family room: 15×18 (main level)

Love Modern? Buy This 3-Bedroom Larry Booth-Designed Home in Old Town: 425 W. Eugenie

This 3-bedroom single family home at 425 W. Eugenie in Old Town is distinctive in this neighborhood due to its modern architecture.

Designed in 1978 by Larry Booth, the listing says it was “expanded and refined” by the architect owner.

All 3 bedrooms are on the main floor.

The kitchen has white cabinets and stainless steel appliances.

Built on a smaller than average Chicago lot measuring 27.5×90, the house only has a 1-car garage.

The house is listed for $515,000 more than the 2003 purchase price.

Will it get the premium?

Tracy Dillard at Koenig & Strey Real Living has the listing. See the pictures here.

425 W. Eugenie: 3 bedrooms, 3.5 baths, 4000 square feet, 1 car garage

  • Sold in October 1991 for $500,000
  • Sold in May 2003 for $1.435 million
  • Originally listed in October 2011 for $1.95 million
  • Currently still listed at $1.95 million
  • Taxes of $22,310
  • Central Air
  • Bedroom #1: 21×12 (main floor)
  • Bedroom#2: 11×10 (main floor)
  • Bedroom #3: 11×10 (main floor)
  • Media room: 15×15 (lower level)

Does the Water Tower Still Have the “It” Factor? 180 E. Pearson in the Gold Coast

This 2-bedroom penthouse unit at 180 E. Pearson in the Water Tower Residences in the Gold Coast (or is this Streeterville?) came on the market in December 2011.

Back when Oprah Winfrey lived in the building, it had cache as one of the most exclusive addresses in the city.

But in the last decade, all the new construction has given buyers many more options on the luxury end of the scale.

This 2800 square foot home has limestone and walnut flooring.

It has custom millwork including a paneled library and paneled/etched glass doors.

The kitchen has Coheba slab stone counter tops and backsplash with stainless steel appliances.

Check out the soaking tub in the master bath.

Built in 1975, does the Water Tower still have the “it” factor?

Nancy Nugent at Prudential Rubloff has the listing. See the pictures here.

Unit #7201: 2 bedrooms, 2.5 baths, 2800 square feet

  • Sold in August 2000 for $999,000
  • Sold in March 2005 for $400,000 (?)
  • Originally listed in November 2011 for $2.895 million
  • Currently still listed for $2.895 million
  • Assessments of $2483 a month (includes doorman, cable, pool)
  • Taxes of $24,853
  • Central Air
  • Parking is rental in the building ranging from $365 to $510 a month
  • Laundry room in unit: 9×6
  • Bedroom #1: 20×27
  • Bedroom #2: 14×22

We Love 3-Bedroom Authentic Lofts With Huge Private Rooftop Terraces: 2035 W. Charleston in Bucktown

There are the gritty lofts and there are the classy lofts.

This top floor 3-bedroom at 2035 W. Charleston in Bucktown qualifies in the classy category.

It has all the features loft lovers look for including 12 foot ceilings, exposed brick, big industrial windows and exposed timber beams.

But it also has 2 fireplaces, including one in the master bedroom, and built-in bookcases.

The kitchen has white cabinets, what looks like granite counter tops and stainless steel appliances.

There are skylights and the loft has a rooftop sunroom and 1350 square foot private rooftop terrace with views of downtown (love the dog in the picture!).

There usually isn’t parking with this building, but the listing says there is a “privately owned garage included.”

It also has central air and washer/dryer in the unit.

This loft is listed $212,000 over the 2004 purchase price.

With Bucktown still a hot neighborhood, will it get the premium?

Ro Lebedow at Koenig & Strey Real Living has the listing. See the pictures here.

Unit #403: 3 bedrooms, 2 baths, no square footage listed

  • Sold in July 1994 for $333,000
  • Sold in August 2004 for $575,000
  • Currently listed for $787,000
  • Assessments of $325 a month
  • Taxes of $6053
  • Central Air
  • Washer/Dryer in the unit
  • Garage included
  • 2 fireplaces
  • 1350 square foot rooftop deck
  • Sunroom
  • Bedroom #1: 23×15
  •  Bedroom #2: 14×12
  • Bedroom #3: 17×12

Nearly 50% Off This 2-Bedroom in Plaza 440 But Is It Even a Deal? 440 N. Wabash in River North

This 2-bedroom short sale in Plaza 440 at 440 N. Wabash in River North has been on and off the market since 2009.

It has been under contract numerous times, including just last November.

However, the deal has not been able to close.

The listing says this is a “total deal”.

With northeast views, it is the largest floor plan in the building.

The unit hasn’t been upgraded. It has carpeting and a completely white kitchen.

It does have central air and a washer/dryer in the unit. It also appears to have parking (of some kind- I can’t tell if it’s owned or rented.)

The listing says this is a deal because the seller paid $570,000 in 2005 (public records show $605,000, however) and it’s now listed for just $325,000.

But is $325,000 a “deal” or simply “the market” in this building in 2012?

Jennifer Mills at Koenig & Strey Real Living has the listing. See the pictures here.

Unit #4106: 2 bedrooms, 2 baths, no square footage listed

  • Sold in February 2005 for $605,000 (it looks like parking was included)
  • Originally listed in May 2009
  • Under contract several times
  • Lis pendens filed in February 2010
  • Was listed in July 2011 for $310,000
  • Under contract in November 2011
  • Re-listed for $325,000
  • Assessments of $726 a month (includes heat, a/c, doorman)
  • Taxes of $4877
  • Central Air
  • Washer/Dryer in the unit
  • Parking may be included (?)
  • Bedroom #1: 15×11
  • Bedroom #2: 18×11
  • Living room: 19×20
  • Kitchen: 7×12

A Sign of Things to Come in Lakeview? 2-Bedroom Short Sale at 817 W. George

This 2-bedroom short sale at 817 W. George in Lakeview just came on the market.

It is listed about 28% under the 2004 purchase price.

We’ve chattered about this building before- but on a unit on a higher floor.

If you recall, it has maintained much of its vintage woodwork including crown molding and built-ins.

It appears that the dining room, with its beamed ceiling, is being used as a den.

The kitchen has maple cabinets, granite counter tops and white appliances.

The unit has central air, washer/dryer in the unit but there’s no parking.

A lis pendens foreclosure was filed 19 months ago. In Cook County, the average time for the bank to re-take possession is about 18 months.

Is this unit one of the many REO or short sale Lakeview condo units that has been lurking in the shadow market waiting to come on the market in 2012?

D. Waveland Kendt at @Properties has the listing. See the pictures here.

Unit #1W: 2 bedrooms, 1 bath, 1399 square feet

  • Sold in September 2000 for $255,000
  • Sold in January 2003 for $289,000
  • Sold in October 2004 for $317,000
  • Lis pendens foreclosure filed in August 2010
  • Currently listed as a “short sale” for $229,900
  • Assessments of $345 a month
  • Taxes of $5505
  • Central Air
  • Washer/Dryer in the unit
  • No Parking
  • Bedroom #1: 11×12
  • Bedroom #2: 9×11

 

Crib Chatter Is Going on Vacation: March 1-10

I’m going on vacation starting on March 1 (today!) and returning on March 10.

All you regulars know that means there will be limited posts. For the rest of this week there will just be two posts a day (morning and mid-day.)

For next week, there will just be one post a day (in the morning.)

Next week will essentially be “luxury home week”.  I know some of you find that to be boring but you’ll just have to endure it for a week and then it’s back to the regular mix of properties.

Some things to keep in mind:

  • If you are new to posting comments, have patience because it will take me a little longer to get to the moderation.
  • Please try and play nice. I don’t want to have to interrupt my beach time to deal with crazy comments. :)
  • If you have any tips, please feel free to send them to me on my e-mail at cribchatter@yahoo.com. When I return, I will be making trips around the city so that we have a bunch of new properties to chatter about in March as the spring buying season heats up. If you have something you think is interesting, please drop me a line about it.
  • CribChatter also has a twitter account @cribchatter. I’m just getting used to using it to post about things that aren’t posted on the site. It also posts about each new property every day. Feel free to check that out if you are a twitter junkie.

When I come back, I’m looking forward to chattering about the spring market.

Thanks for all your help with tips, pictures and great insights into neighborhoods, schools and properties.

Sabrina