We last chattered about this 3-bedroom top floor unit at 1131 W. Addison in Lakeview in October 2010.
It had been on and off the market for a year and finally sold in October of that year for $22,000 under the 2007 purchase price.
See our final chatter, after the unit sold, here.
I asked in the final chatter whether or not the buyers got a deal for the square footage (and the rooftop hot tub).
“Of course they did – again, it’s not all financial. I’m sure the buyer probably is ecstatic and excited about moving into this place – you can’t put a price on peace of mind and a sense of stability that comes when you finally make your decision and actually buy a place. Also, most buyers are unwilling to compromise – so even if there were cheaper alternatives out there, something about this place may have “spoken” to the buyer. Good for them for having the balls to go out and buy a place (instead of crying, whining and complaining about how everything is terrible in real estate and we are all going to lose money, etc. etc. like so many on this website like to preach).”
Mike HG said:
“I mean, if they like the place and all, then does the price really matter if they are going to stay for 10 plus years? I wouldn’t pay more than 500k for it, but if I was a Cubs fan than it might be a little different. They should try to get those property taxes reduced, they seem a tad high.”
Just a little over 2 years later, the unit has come back on the market (yes, the hot tub is still there).
If you recall, this duplex up has luxury finishes including Viking kitchen appliances, granite counter tops in the kitchen and baths and custom cabinets.
The master bathroom has a spa shower.
The building is all brick.
The unit has four exposures along with the private rooftop deck with the hot tub and Wrigley Field views.
Two of the bedrooms are on the main level with the third in the duplex up.
It has garage parking, central air and washer/dryer in the unit.
It’s currently listed $16,100 under the 2010 purchase price.
Here’s a quick look at the sales history:
- June 2007: $552,000
- October 2010: $530,000
- November 2012: currently listed at $513,900
Is it priced to sell quickly this time around?
Elizabeth Amidon at Dream Town has the listing. See the pictures here.
Unit #3: 3 bedrooms, 2 baths, duplex up, 1 car parking, 1500 square feet
- Sold in June 2007 for $552,000
- Originally listed in October 2009 for $629,900
- Was listed in March 2010 for $609,000
- Was listed in May 2010 for $589,999
- Was listed in October 2010 for $579,999
- Sold in October 2010 for $530,000
- Currently listed for $513,900 (includes parking)
- Assessments still $176 a month
- Taxes now $8118 (they were $7605 in October 2010)
- Central Air
- Washer/Dryer in the unit
- Private roof deck with hot tub
- Bedroom #1: 14×13 (main floor)
- Bedroom #2: 10×10 (main floor)
- Bedroom #3: 22×13 (third floor)