2 1/2 Years Later, This Top Floor 2-Bedroom Finally Sells: 3145 N. Cambridge in Lakeview
We chattered about this top floor 2-bedroom in The Cambridge at 3145 N. Cambridge in Lakeview several times over the last year.
See our May 2011 chatter here.
When it was priced in the $300,000s in 2010, some of you were surprised it hadn’t sold even though it didn’t have central air or parking.
The hot topic by May 2011 was the nearly $400 a month assessment and what you get for that in a mid-rise vintage building compared to a highrise.
The unit finally sold in October 2011 for $275,000.
If you recall, it had 9-foot ceilings, a decorative fireplace and crown moldings.
The kitchen had been updated with 42 inch maple cabinets, granite counter tops and stainless steel appliances.
Given current prices on some other properties in the neighborhood, which have central air and parking, was this even much of a deal?
Jeff Lowe at Prudential Rubloff had the listing. You can still see the interior pictures here.
Unit #3: 2 bedrooms, 2 baths, 1300 square feet
- Sold in March 1992 for $147,000
- Sold in February 2007 for $340,000
- Originally listed in April 2009
- Withdrawn
- Re-listed for $329,000 in February 2010
- Reduced
- Was listed in July 2010 for $319,000
- Reduced
- Was listed in December 2010 for $299,000
- Withdrawn
- Was listed in May 2011 at $279,000
- Sold in October 2011 for $275,000
- Assessments of $397 a month (includes heat)
- Taxes of $3757
- No central air- window units
- In-unit washer/dryer
- No Parking
- Bedroom #1: 14×12
- Bedroom #2: 13×8
- Dining room: 13×17
Cool–sold inside my predicted range of $250k-275k. Nice start to the week.
This is the definition of a knife-catcher. Today’s ‘deals’ will be tomorrow’s foreclosures.
“Today’s ‘deals’ will be tomorrow’s foreclosures.”
But will tomorrow’s foreclosures be the day after tomorrow’s deals?
Sabrina’s 521 Surf #3 post today seems to be a better deal: 400 sq ft larger, 1 (maybe 2) parking spots, and central AC for $299k ask (foreclosure). So, yeah, I’m thinking this buyer may be upside down already.
Will the run rise tomorrow morning?
“chuk (December 5, 2011, 11:11 am)
“Today’s ‘deals’ will be tomorrow’s foreclosures.”
But will tomorrow’s foreclosures be the day after tomorrow’s deals?”
How does a run rise? 😉
“How does a run rise?”
http://math.about.com/b/2011/09/24/rise-over-run-2.htm
Not just a knife catcher, but a window AC unit catcher. That photo just looks dangerous as hell. Everyone of those window units appear to be supported solely by the weight of the window. If one fell from the third floor, that would eff someone up pretty badly.
I’m surprised that there isn’t a building code which mandates that window units be securely anchored to the structure. I hate to be a safety scold, but that is part of my job. And I see stupid shit like this all of the time, both in industrial and residential settings.
We are in the 21st century. It is time to make some wall and ceiling penetrations, and install a ductless AC system with the compressor/condenser on the building roof.
I live in the area. Upon quick perusal, I discovered I’m the ONLY one that secured a window a/c properly, screwing the accordian extender things into the side of the window frame as well as properly securing (bolting it) to the window frame. My building tenants (“owners”) use cereal boxes, pillows, aluminum pans, cardboard………………………..