1-Year Later, Vintage Beauty on the Drive Reduces Again: 3400 N. Lake Shore Drive in Lakeview
We’ve chattered about this 3-bedroom vintage unit at 3400 N. Lake Shore Drive twice in the last year.
See our last chatter in May 2008 here.
Since October 2008, it has been reduced by $102,000. It is now listed just $9,000 over its 2006 purchase price.
If you recall, this unit is unique because it once was the former lobby of the building so the woodwork is ornate. The 13-foot ceilings are beamed and arched and it has a majestic living room fireplace.
The unit also has the trifecta of central air, an in-unit washer/dryer and deeded parking. It’s somewhat rare to have all three of those features in one of the big pre-war buildings.
The kitchen has been renovated and has stainless steel appliances and granite counter tops.
Will this unit finally find some interested buyers at this reduced price?
Brad Lippitz at Prudential Rubloff now has the listing. See the pictures here.
See the property website here.
Unit #GB: 3 bedrooms, 3 baths, 2000 square feet
- Sold in March 1999 for $302,000
- Sold in May 2001 for $459,000
- Sold in September 2006 for $585,000
- Was listed in October 2008 for $696,000 (parking included)
- Reduced
- Was listed in May 2009 at $629,000 (parking included)
- Reduced
- Currently listed at $594,000 (parking included)
- Assessments of $1433 a month (includes heat, water, doorman, cable)
- Taxes of $11,116
- Central Air
- Laundry in the unit
aww. these people didn’t win the $100K specuvestor lottery.
Not a bad price for living in a lobby. I’m guessing someone will bid $575
Once a lobby, always a lobby. Still looks like a lobby.
I hate paying any level of assessments, so paying $1433 a month would drive me nuts.
Does this place come with a bum detecting motion alarm? What fun, you can watch drunk bums pissing right outside your window!
Certainly a unique place. But the trifecta doesn’t quite get there for me. I love the look and feel of these old buildings, but I can’t imagine living in a place without any outdoor space.
Good luck finding central air, in unit washer/dryer, parking and outdoor space in this type of place. That’s why I have always admired but couldn’t quite live in this type of place.
And regarding this unit, it does have a lobby vibe to it, but I still think it is cool.
The lobby vibe doesn’t bother me, it is the living on the ground floor in this part (or really any part) of town that I couldn’t do.
Unless I’m in a SFH I just feel weird not being up off the street.
Now that isn’t to say that somebody won’t buy it, but I think there are more people out there like me as opposed to people that don’t have issues with being on the ground floor.
Unique place, but I cannot imagine ground floor living on LSD — buses, cars, peds and the like. And those assessments…Yikes! The taxes seem a little high, as well. Frankly, I’m surprised this place went for $585,000 in ’06.
I’ve been here, it’s pretty noisy. The kitchen is small and not a very functional layout, and you have to walk through the kitchen to get to the bedrooms. I will say the front rooms (the actual former lobby rooms) are pretty amazing. But, the street level noise is too much to deal with. The only reason to live on LSD is so you get a great view of the lake or downtown, and you get neither here.
BUT, that being said, everything else listed in the building right now, is $1.3 million on up. They are all twice the size of this unit.
As for the assessments, that’s pretty much the story for any of these old vintage buildings on LSD. If you want to live in one, you pay the assessments. They actually attract a lot of NYC transplants who are no strangers to high assessments.
Well it makes sense it should sell above the 2006 price because the economy is so much better off.