4-Bedroom Mayfair Victorian Was Under Contract But Now Back On The Market At $414K: 4502 N. Kildare
We last chattered about this 4-bedroom Victorian at 4502 N. Kildare in the Mayfair neighborhood of Irving Park (no- it’s NOT in Albany Park) in June 2012.
See our previous chatter here.
Many of you liked the property (and liked the neighborhood). Most of you also thought it was priced right at $450,000.
Icarus thought that it would quickly go under contract since it had been featured on CribChatter (a common occurrence.) It finally DID go under contract but has recently fallen out and so the house is available again.
It has now been reduced $36,000 to $414,000.
If you recall, it was built in 1906 on an extra wide lot of 45×145 and has a 2.5 car garage.
Many of its vintage features remain including a wood staircase and stained glass windows as well as a built-in hutch in the dining room.
The kitchen has maple cabinets, stainless steel appliances and granite counter tops.
All four bedrooms are on the second floor.
There is also what appears to be semi-finished attic space that could be used as an artists studio or playroom.
Is this now a deal at this price?
Donna Nugent at Coldwell Banker still has the listing. See the pictures here.
4502 N. Kildare: 4 bedrooms, 2 baths, 2272 square feet, 2.5 garage
- Sold in April 2002 for $330,000
- Sold in April 2005 for $532,500
- Was listed in June 2012 for $441,000
- Under contract but then fell out
- Reduced
- Currently listed at $414,000
- Taxes now $6245 (they were $7021 in June 2012)
- Space pak cooling
- Bedroom #1: 21×15 (second floor)
- Bedroom #2: 14×12 (second floor)
- Bedroom #3: 9×9 (second floor)
- Bedroom #4: 9×8 (second floor)
- Office: 9×7 (main floor)
- Attic: 19×16 (third floor)
So, is this going to be Icky’s new house?
This does seem like a great home for the price! I wonder if the appraisal is what killed the contract and caused a price drop. I’m not sure of comps in the area but if they got a contract before it seems unnecessary to reduce the price to get another one unless the appraisal didn’t support the list price or they really need it to move fast.
Icarus would do well with this place I bet!
On second thought…commuting to OBT from here would be hell I think. Nice house indeed but Icarus may become a grumpy old man if he has to drive that commute twice every day.
wonder if inspection items caused the buyer to run? It would make sense why they dropped the price.
Agree with Liz – my first thought was the inspection found something pretty bad.
This area is god awful for a west suburbs commute (one of the reasons I moved from North Center).
Have a 3-year old and a new baby. Heading for the burbs as quickly as possible. Let’s drop the price and do whatever it takes to sell. Someone remind me why we bought in this area in the first place?
“Taxes now $6245 (they were $7021 in June 2012) ”
Two PINs. Was ~7700 now ~7000.
OBT commute from here isn’t as bad as you’d think. You’d take kennedy W to 294 S to 88 E (or skip 88 and get off at 22nd depending on destination). The kennedy piece is the only one that sucks. Coming home though, the kennedy piece can really suck.
Actually, it had the price drop and then went under contract. Not sure why it went out of contract, it looked solid when we saw it.
“Have a 3-year old and a new baby. Heading for the burbs as quickly as possible. Let’s drop the price and do whatever it takes to sell. Someone remind me why we bought in this area in the first place?”
LOL. But it’s a SFH home in “the city”. I enjoy having a yard, garage, parks, trees….oh right that’s the burbs.
I have a feeling that what killed the contract was current tight lending policies. Many sales are falling apart because of the financing. From what I’m hearing and reading, Fannie and Freddie will no longer buy mortgages of borrowers with less that a 750 FICO, even if the buyer has a substantial down payment. This rules out about 65% (my estimate) of borrowers who might otherwise be well-qualified by virtue of income and cash on hand, to buy this place. No more than 30% of potential buyers even have the necessary income.
“OBT commute from here isn’t as bad as you’d think.”
Uh what?? Unless you start work at 12PM and come home after 8PM.
“commuting to OBT from here would be hell I think. Nice house indeed but Icarus may become a grumpy old man if he has to drive that commute twice every day.”
Why not just live the western burbs?
9×9 and 9×8 hardly qualify as bedrooms. Sounds more like dimensions of a cubicle.
“Why not just live the western burbs?” pick the reason that works for you:
1) i may not always work in the western burbs
2) i do not commute there 5 days a week
3) Nightgale works at Northwestern Hospital so one of us will always have a sucky commute.
4) I grew up in 606 land and do not know enough about the different burbs to choose one wisely
5) if i picked a suburb at random, i’m terrified i’ll live next to some crazy chauncery attorney who talks incessantly about how real wages have not caught up to inflation.
Mayfair sucks and this home is priced like its old Irving. I’d take a colonial or god forbid a split level in suburbs for the same price rather than live in Mayfair.
“commuting to OBT from here would be hell I think.”
Why not just live in OBT? I hear its pretty amazing!!!!
“i may not always work in the western burbs…Nightgale works at Northwestern Hospital”
You guys need to coordinate better. You both have pretty portable occupations. That is nuts.
OPRF/FP would still work well for you. And you’d be fine if a switch was to a loop job.
All of that yard space which should be a huge selling point, but it looks just sad with just that one pitiful kiddie plaything in it – aaaaaah…. landscaping people, landscaping!
A little Rich for Mayfair…I bet they couldn’t comp the appraisal to get the financing.
How are the schools in Mayfair? I like this house, even with the two small bedrooms, but I have received kind of a gruff, lower-middle class vibe in the Mayfair area (like at that dive pizza place, Marie’s, or the unappealing stretch of Elston with the Peruvian restaurant). BTW, HD, a split-level in the ‘burbs — god forbid, indeed!!!
Oh, mayfair is totally gruff lower middle class. It’s totally unappealing. A larger split in the burbs would totally beat this. More livable, better yard, better schools, better neigborhood. I can’t say that about every city neighoborhood, but my opinions of mayfair are well known around here.
“It’s totally unappealing.”
Bull. One of my favorite places is Sidekicks bar, every been there? Love the karaoke night.
“A larger split in the burbs would totally beat this.”
I dunno, you get someplace like this:
http://www.redfin.com/IL/Morton-Grove/8528-Marmora-Ave-60053/home/13614309
for about the same $$ and about the same taxes. And you can wave to Mayfair on the train to the loop.
“Bull. One of my favorite places is Sidekicks bar, every been there? Love the karaoke night.”
Why do you think she finds it unappealing?
Morton grove is a working class suburb one step above Mayfair. No thank you.
mda (October 11, 2012, 1:48 pm)
9×9 and 9×8 hardly qualify as bedrooms. Sounds more like dimensions of a cubicle.
Its the city. Those are bedrooms. When they built these houses all people did in Bedrooms was Sleep and F%$&.
“When they built these houses all people did in Bedrooms was Sleep and F%$&.”
When they were built, 2 or 3 or 4 kids would share one of those. Sure hope it wasn’t much of the latter.
FWIW, i had a dream last night that I bought this house. I think it’s a sign….that I need to read less Crib Chatter 😀
“Bull. One of my favorite places is Sidekicks bar, every been there? Love the karaoke night.”
OMG – thank you for the recommendation!
I did not know about this.
I could stumble home from this place without worrying about a cab or public transportation or a designated driver.
They should wirebrush and paint the fire hydrant and restore it for more curb appeal.
Of course it should be painted safety red.
BUT Make sure to keep the flange the same color however.
Plain red – standard size pipe/strength, yellow – a bit stronger, blue is the strongest and largest pipe diameter, silver/white is a deadend and very poor strength. AND paint the firelane safety yellow.
15 feet from each side from the center of the Hydrant.