3-Bedroom Lincoln Park Townhouse Sells in Just 6 Weeks: 704 W. Wrightwood
We chattered about this 3-bedroom townhouse at 704 W. Wrightwood in Lincoln Park in June 2011 as a possible alternative to some nearby 2-bedroom vintage condo units priced in the $600,000s.
I asked: “Will buyers choose more space and the added privacy of a townhouse over similarly priced condos in the neighborhood?
Apparently, the answer is “yes”- as this townhouse sold in just 6 weeks.
See our prior chatter here.
Listed for $619,000 at that time, several of you thought the townhouse would sell in the range of $525k to $550k.
It sold for $580,000.
If you recall, the townhouse as built in 1977 and had a 20 foot high foyer.
All three bedrooms were on the upper floors with 2 bedrooms on the second and the master bedroom on the third level with its own “spa-like” master bath with separate shower and jacuzzi tub.
The kitchen was newer with cherry cabinets, granite counter tops and stainless steel appliances.
At 2500 square feet, it also had a lower level family room.
It had 2 outdoor spaces including a terrace and a private deck.
Does this sale confirm that townhouses are hot?
Sam Shaffer at Chicago Properties had the listing. You can still see interior pictures here.
704 W. Wrightwood: 3 bedrooms, 2.5 baths, 2500 square feet, 1 car parking
- Sold in June 1990 for $283,000
- Sold in August 1995 for $275,000
- Sold in July 1999 for $400,000
- Sold in January 2005 for $485,000
- Was listed in June 2011 for $619,000
- Sold in July 2011 for $580,000
- Fee simple
- Taxes of $10,384
- Central Air
- Bedroom #1: 16×18 (third floor)
- Bedroom #2: 12×13 (second floor)
- Bedroom #3: 12×19 (second floor)
- Family room: 13×25 (lower level)
Bravo to the sellers and their agent as tey made the most of this deal. It is clear that they received top dollar for this property so I guess that HD is right. Nothing but blue skies and calm winds ahead in the Chicago RE market.
Congrats to all involved.
Is this in Lincoln ES school district? If so I think its the reason it sold. This seems like a family townhouse (basement playroom and 3 bedrooms). The Lincoln ES gives value and might explain why a famiy would pay for this over a nicer looking 2 bedroom in the area or downtown.
buyers must have fallen in love with the luxurious shower chandelier
local, it’s in Alcott.
Why is everyone surprised? Good properties in good areas are going to sell. Life didn’t stop because the real estate market is down – people still are going to buy and move for schools, space,etc.
“The Lincoln ES gives value and might explain why a famiy would pay for this over a nicer looking 2 bedroom in the area or downtown.”
But not the two BRs for kids, or the rumpus (love the word) room?
Can’t imagine why a family with two kids and HHI of $150k+ would prefer this to a two BR condo aside from the attendance area school.
Sold for nearly exactly (or maybe exactly) the same price as another unit in the complex that sold within the last year or so.
it’s not just in alcott, it’s across the street from it.
As someone with two school-age kids who attempted to have them share a BR for a couple years but found it frustrating, I can attest to the value of the extra bedroom. No sane family will live in a 2-BR condo with two kids if they could afford a 3 BR townhouse.
I’ve heard Alcott is a pretty good school, though it may not be Lincoln. It’s HS that would worry me if I were raising kids in Lincoln Park.
This townhouse seems like a decent deal, though taxes are quite high.
Dan #2, is there any location in Chicago that wouldn’t worry you about public HS? What attendance area (i.e., non-test-in) public high school is better than Lincoln?
p.s. The typical buyer for this property might have a 2-4 year old plus a baby or the hopes of having a second, and would be earning at least $150-200k/yr at this (likely early) point in their careers. That means that even the older of the two kids won’t hit high school for at least years. For how long should such a family live in a place?
I could see DINKS or parents of only children living here for a long time… or for that matter people whose kids have moved out, but are still young enough to handle the stairs.
I probably would have paid more for that property. If we decide to stay in LP, that’s the type of property I would buy. We’ve been looking at similar properties in the Lincoln district at significanlty higher asking prices.
It is in a prime location, has 3 beds and is 2500 square feet. I am confused as why folks thought including parking this won’t fetch high five hundreds?
Nice townhouse, good price. Alcott is 98% of what Lincoln is, plus they have a second choice at the high school level (guaranteed to go to LPHS or the new Alcott HS).
Having that walled-in outdoor space for little kids to play in makes this much more attractive than a condo, IMHO. Kids and condo balconies don’t mix.
“Kids and condo balconies don’t mix.”
See, eg, Michael Jackson.
Good call, Anonny. I’m starting to repeat myself on the HS issue. As far as schools, this place seems to have a pretty good position.
Hopefully sales like this will get the fencesitters off the fence. There are no deals in prime areas, the banks will let defaulted homeowners live for years without paying, there are no deals, and if you don’t buy the property, some other homeowner with more money or the ability to make a higher monthly mortgage payment will come along and snap them up.
Ogden is a non-test in high school that’s on my radar. Alcott too.
What’s the story with this new all-caps “CLIO”? He’s like the opposite of bizarro homedelete. A new name, but spouting the same mantra. Whereas homedelete has the same name but is sarcastically making optimistic comments.
“What’s the story with this new all-caps “CLIO”?”
I hear that it is the real clio, but posting from his iPad.
Damn it, for the last time, my optimisitc comments are not sarcastic.
CLIO must have auto-correct switched off on his iPad then because he writes like a 14 year old on it.
“CLIO must have auto-correct switched off on his iPad then because he writes like a 14 year old on it.”
Keeps things consistent with his math skills.
“Damn it, for the last time, my optimisitc comments are not sarcastic.”
Just an FYI: while opinions and personalities change gradually over time, rapid personality changes and drastic shifts in long held opinions are most often the result of traumatic brain injury, severe emotional trauma or other major issues (brain tumors, etc.). Which leaves me with a few potential options for how to read you on this:
1) you never believe the things that old HD believed, you were playing us the whole time and your shift is a revelation of your true personality.
2) old HD is your true personality and your shift is an elaborate practical joke or troll.
3) you had a knock on the head or have a tumor and should seek medical attention immediately.
Which do you think is most likely?
I think it is number 4:
4. HD realizes that he was wrong and finally understands what real estate is all about…..
“4. HD realizes that he was wrong and finally understands what real estate is all about…..”
And has a dramatic turn personality change to accompany his seismic shift in worldview? Nah, that’s a head injury…
I think it is
5.) he drank some of clio’s kool-aid
5- He went out bidding, couldn’t get what he wanted. Now throwing out his fundamentals, and sensing the ‘true’ market in his desired area.
Heck I can change my mind 3 times in the same thought, nothing wrong with that. Or, maybe there is.
“4. HD realizes that he was wrong and finally understands what real estate is all about…..”
This actually brings up my pet theory to explain the new HD:
The loose collective of real estate agents, mortgage brokers and real estate investors that comprise the fictional “clio” character got together and decided that HD spoke too much truth. HD is now locked in a soundproof room in the basement of the oft-mentioned farm in the northern suburbs living on meager bowls of thin gruel. The new HD is written by the same collective, accounting for the extreme optimism and unrealistic world view.
We need a secret agent to rescue the real HD, put an end to the evil of these real estate professionals and restore peace to the CC world.
“oft-mentioned farm in the northern suburbs”
“a secret agent to rescue the real HD”
Gotta have better intel than that if we’re sending in an operative.
Save HD!
Hang in there HD….. I still appreciate the positive spin on things. Not sure that I believe it all in full but often your take is a nice refreshing post.
ca-ca-ca-cash purchase.
I’d rather spent 469k and live in MLS 07874215 nearby. Just had it’s ask price cut by 30k.
3/2 gargage parking included.