3-Bedroom Gothic Jewel In East Lakeview Sells For 23% Under The 2007 Price: 504 W. Barry

We’ve chattered about this 3-bedroom in 504 W. Barry in East Lakeview numerous times over the past 2 years.

See our last chatter in May 2012 here.

Originally listed for $779,900, but then reduced, some of you thought this would finally sell in the $500,000s but some of you were even more bearish and guessed in the $400,000s.

If you recall, it had the modern amenities that buyers look for, including parking, with some of the vintage flavor which is a unique combination.

The unit recently sold in short sale for $575,000.

The 10-unit building was built in 1927.

At 2200 square feet, the unit had some of its vintage features intact such as a woodburning fireplace and crown molding.

It also had space pac a/c and side-by-side in-unit washer/dryer.

Parking is a premium in the neighborhood, but the unit came with parking as well as guest parking, a rare bonus.

The listing described the kitchen as a “chef’s kitchen” with stainless steel appliances.

The property also came with a large balcony- which is somewhat unusual for this type of vintage building. Usually you don’t get any outdoor space with 1920s buildings.

Did someone get a deal?

Richard Cohn had the listing. You can still see the pictures here.

Unit #3W: 3 bedrooms, 3 baths, 2200 square feet

  • Sold in August 2000 for $427,500
  • Sold in May 2007 for $750,000
  • Was listed in April 2011 for $779,900
  • Reduced
  • Was listed in February 2012 for $699,900
  • Reduced
  • Was listed in May 2012 at $679,900
  • Reduced
  • Sold in November 2012 as a “short sale” for $575,000
  • Assessments of $744 a month (includes heat)
  • Taxes of $9295
  • Space Pac A/C
  • In-unit washer/dryer
  • Parking included
  • Bedroom #1: 17×12
  • Bedroom #2: 16×13
  • Bedroom #3: 12×12

 

5 Responses to “3-Bedroom Gothic Jewel In East Lakeview Sells For 23% Under The 2007 Price: 504 W. Barry”

  1. Great deal!

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  2. This is about what I thought it would go for. Great deal, indeed! I’ve always liked this one a lot.

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  3. Um people, add in the assessments when we are all saying what a steal it is. Plus there is an extra assessment that the agent talked to me about on top of the $744 which made them roughly $900 a month. That does not seem like a steal to me, but maybe I am crazy.

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  4. $900 for a three bedroom at 2200 sq foot is about average for this size of place.

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  5. Considered this place Spring last year but it was above our price range. If they had priced it much more realistically back then, we might have bought the place.

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