4-Bedroom Queen Anne Reduced Another $90,000: 6239 N. Lundy in Old Edgebrook
We last chattered about this 4-bedroom vintage Queen Anne at 6239 N. Lundy in the Old Edgebrook neighborhood of Forest Glen in October 2010.
See our prior chatter here.
Since that time, the property has been reduced another $90,000.
Many of you loved this house and considered Old Edgebrook to be one of your “dream” neighborhoods.
The Old Edgebrook historic district was created in 1894 and designed to be houses of various styles. It was designated a landmark district in 1988.
There is only one road in to the neighborhood and one road out.
It is literally in the middle of a forest preserve.
There are walking paths that wind through the neighborhood which go through the forest preserve.
This Queen Anne was built in 1896. It still has many of its vintage features including its oak staircase, lead and stained glass and pocket doors.
The kitchen has a stainless steel refrigerator and dishwasher as well as granite counter tops and white cabinets.
It has a front turret, a double parlor and a finished basement.
There is a 3-car garage and central air.
The houses in the district are on larger lots and this one is no exception- having been built on a 111×164×65×158 lot.
This is the only house currently on the market in Old Edgebrook.
Is this a deal at this price for the neighborhood?
Irene Yungerman at Baird and Warner still has the listing. See the pictures here.
6239 N. Lundy: 4 bedrooms, 3 baths, 3 car garage, 3510 square feet
- Sold in March 1986
- Sold in December 1989 for $492,000
- Originally listed in February 2010 for $998,000
- Reduced in May 2010
- Was listed in October 2010 for $949,000
- Reduced
- Currently listed at $859,000
- Taxes of $12,588
- Central Air
- Bedroom #1: 15×14 (second floor)
- Bedroom #2: 17×12 (second floor)
- Bedroom #3: 13×12 (second floor)
- Bedroom #4: 14×14 (third floor)
Why buy that for $859,000 when this is under contract for $699?
http://www.redfin.com/IL/Chicago/6283-N-Louise-Ave-60646/home/13513060
I’m surprised at that 1989 price.
Love this house and I love this little area. i’ll take it.
“Why buy that for $859,000 when this is under contract for $699?”
1. Easier to buy a house that still available?
2. I want a nicer place?
See also this one:
http://www.redfin.com/IL/Chicago/6203-N-Lundy-Ave-60646/home/13513498/mred-07638351
Wow – at first I thought – what a great neighborhood – you can have the best of both worlds (be close to the city and have a country atmosphere) – but then I thought – wow, this is actually the worst of both worlds – bc you really aren’t THAT close to the city and this really isn’t the country. For the price, I would rather buy a nice place in Elburn for 400-500k and a nice condo downtown (300-400k). You really would have the best of both worlds then!!!
I actually agree with clio on this (never thought I would type that). Although I thought Elburn was a Sesame Street character.
“I’m surprised at that 1989 price.”
It’s wrong. The recorder has the 1989 price doubled, most likely due to confusion somewhere dealing with 2 PINs (there’s a side lot.)
listed 8/7/89 $589,000
reduced $549,000
contract 11/8/89
closed 12/19/89 $492,000
remarks: THIS HOME & AREA HAVE OFFICIALLY RECEIVED LAN DMARK STATUS, DEC 1988. ORIGINAL VICTORIAN IN OLD EDGEBROOK NESTLED IN THE WOODS WITH TOTAL PRIVACY & CHARM. A RETURN TO CHILDHOOD DAYS OF GRANDMA`S HOUSE IN THE COUNTRY YET SO CLO SE TO THE CITY AND ITS CONVENIENCES. ALLOW 24 HOURS FOR
this is the neighborhood where Roman Pucinski used to live. if you’re required to live in the city, this is nearly as far out on the north and northwest sides as you can go without being in the suburbs. the metra is just a short walk away, and there is a forested FPD sidewalk through the forest leading to the edgebrook metra station.
DZ,
I remember you (or was it HD or Groove) posting 6203 in previous threads (before it sold) and it is just all kinds of awesome. Must have had some serious stuff on inspection to sell at that discount, right?
If you really wanted country living, why not buy this place for the weekends:
http://www.redfin.com/IL/Elburn/Undisclosed-address-60119/home/16982971
and live in a 600k condo right in the city?
“It is literally in the middle of a forest preserve.”
Bring your bug spray.
“For the price, I would rather buy a nice place in Elburn for 400-500k and a nice condo downtown (300-400k). You really would have the best of both worlds then!!!”
The buyers of this place will be a family w/ kids, and the parents will likely work in Chicago, so your suggestion doesn’t work at all.
“I remember you (or was it HD or Groove) posting 6203 in previous threads (before it sold) and it is just all kinds of awesome. Must have had some serious stuff on inspection to sell at that discount, right?”
Yeah, I wonder about it. It really is not suited for our requirements, but seeing that price gave me pause. I even like the open kitchen there, which others hated. Maybe something wrong or maybe a deal? As I said in the prior thread, it’s a crazy discount off the last list.
“The buyers of this place will be a family w/ kids, and the parents will likely work in Chicago, so your suggestion doesn’t work at all.”
It does if you leave the wife and kids in Elburn during the week while you stay in the city (for “work” convenience)!!!! Like I said – the best of both worlds!!!!
Have to see I agree with “others” – hate an open kitchen, especially in a beautiful Victorian like that.
I was kinda hoping someone from CC bought it (or the buyer will post here) to get the scoop on it.
Truly gorgeous, and seems like an extremely reasonable price.
“Yeah, I wonder about it. It really is not suited for our requirements, but seeing that price gave me pause. I even like the open kitchen there, which others hated. Maybe something wrong or maybe a deal? As I said in the prior thread, it’s a crazy discount off the last list.”
$612k mortgage at close, with a ~$80k 2d taken out two months later. So, would appear that the sale was for less than appraisal value.
anon, please do continue sleuthing and report back
For all you morons that don’t “get” this area or house, you never will no matter how I word it.
Comparing this to elburn you would have to be a complete idiot and have no clue about Chicago as a whole.
The other lundy home me and dz hammered about is one of grooves dream homes.
This house is way out of my price point but even if it weren’t, I don’t like the enclosed porch. victorian Queene Annes should have open, wrap around porches.
yeah, but you might need it at least screened-in in OE
“please do continue sleuthing and report back”
Would guess at a divorce in ~2008. Eldest kid is HS age, so maybe listing was timed with moving to burbs for school.
But that’s just speculation. And doesn’t answer why it was sold for less than the face amount of the last first mortgage.
aww, man, now I’m REALLY curious about this sale (and probably jealous)
Groove, did you ever look at 6200 mandell?
Also, how did they get that abomination @ 6292 Louise approved?
“aww, man, now I’m REALLY curious about this sale (and probably jealous)”
When I see stuff like that, my first suspicion is shenanigans of some sort. Not anything illegal necessarily, but odd anyway.
“When I see stuff like that, my first suspicion is shenanigans of some sort. Not anything illegal necessarily, but odd anyway.”
Serious q. What is the oddity (beyond that the price may seem low)?
That is was sold for less than appraised value? Is that that uncommon, and why odd?
And how do you know it sold for less than appraised value?
Come on anon, enquiring minds want to know!!!
Roma,
crib chatting on the phone will have to look at those addy’s when I get back
If groove had the money to change the inclosed porch and open it up plus havee money to upkeep a old Victorian I would already be living in this house.
See Jenny – take a lesson from Groove. Money is very important!!!!
“And how do you know it sold for less than appraised value?”
*know*? I don’t. Which is why I wrote “would appear”. And, given that an 80% *jumbo* loan was obtained at closing, with current u/w standards, it seems likely that the extra 10% 2d, obtained less than 60 days after closing, was based on an appraised value exceeding the $765 purchase price.
Or do you know lenders making non-purchase-money 2d mortgages up to 90% of value on jumbo props?
“Serious q. What is the oddity (beyond that the price may seem low)?
That is was sold for less than appraised value? Is that that uncommon, and why odd?”
Low price, below (after costs) the then existing first mortgage, at 20% off the last ask?
But then I’m suspicious of apparent “deals”. Could well just be an inspection issue, as proposed.
I would much rather have this property, located about 30 minutes from downtown and within a 5 minute drive to the metra station.
http://www.redfin.com/IL/Palos-Hills/8945-W-102nd-St-60465/home/13202385
Yes Jenny money is very important because only in Logan square can you still trade chickens for goods
the it,
meaning, the faux victorian in palos is better value, or you’d actually rather have that than this house?
The faux is a better value, has a better layout and better amenities (pool, central air, etc).
Location is key though, would much rather have the option of walking to work though, if I had that kind of money I would definitely prefer the real thing! But at $375k, seems like a great option for those seeking a Forest Preserve settings and an old style house.
“Or do you know lenders making non-purchase-money 2d mortgages up to 90% of value on jumbo props?”
I do actually.
In my opinion, the $945,000 list was wildly high for 6203. It had been on the market for well over a year (cancelled briefly with a change in listing agent), with virtually no movement on price. Appraised at $800. Discount for no buy-side agent’s fee, small discount for inspection items, to arrive at purchase price.
Buyers negotiated hard and got a good deal, but no shenanigans. House needs lots of love (lack of photos of 2nd and 3rd floor is telling).
Correction: train=work
“Appraised at $800.”
You know this, or it’s a guess?
IPad?
the it –
that is an incredible house at an incredible price – you couldn’t reproduce that house for anywhere near that cost. congratulations to the buyer!!
Thanks to whoever corrected the 1989 price. That struck me as wildly inaccurate. I was following the real estate market in 1989, and believe me, the only houses that went for $1 million then were mansions in Kenilworth. Even going for above $500K was a lot back then.
Clio – Agreed, I’ve had my eye on that house for a couple of months, but didnt pull the trigger because I wasnt ready for the ‘burbs quite yet. Its proximity to the forest preserves, beautiful lot, and tucked away location make it a truly unique property for being a 30minute away suburb from the downtown area.
What’s the business district like near here, over by the train station? Is there anything interesting to walk to?
I love the interior. Hand me the contract – I’m ready to buy!
Dan #2,
Since I always comment on food, I will say that there are (this is a relatively recent development, last few years) some good restaurants there — good thai place, good new italian spot, sometimes-good brazilian place. plus of course the ice cream shop!
there’s a small market (where you won’t do your real grocery shopping), an old bike shop, and a toy and paper store.
basically, you are gonna be hopping in the car a lot.
(forgot, cut rate toys is gone, as groove has lamented here before).
you do have the post office, library, basics.
i always got the sense that those who lived in old edgebrook don’t really hang out much over on that strip tho (people who live in “regular” edgebrook, wildwood, forest glen, do). don’t know if that’s really the case, as I’ve never actually known someone with a house there, but i always imagined they stay in their mini-ghetto and go to restaurants and whatnot downtown!
“some good restaurants there”
I always notice that filipino restaurant when we drive on caldwell, but have never been. Since we’re tangentially on food, I have to say I can’t believe it took me this long to get to Xoco. Tremendous. I have to reinstate my plan to buy a house next to Bayless and get invited to his garden parties. School district be damned!
never been, cuz my pinoy friends say ruby’s, uncle mike’s, or that place way up lincoln by the home depot whose name i am blanking on right now
the it –
I wish I would have known about that house – I definitely would have bought it and moved there myself!!!! What a great find – I doubt there are other finds like that in the chicagoland area.
“I can’t believe it took me this long to get to Xoco. Tremendous. I have to reinstate my plan to buy a house next to Bayless and get invited to his garden parties. School district be damned!”
Tortas Frontera is sufficient cause to get to ORD a little early, especially at breakfast.
the it,
How the F@ck could that house be 375k and the lot RIGHT NEXT DOOR be 215k?
Unbelievable!!! I mean, really unbelievable!!! You really screwed up by not buying it. You could have bought it and rented it out. You will never find a deal like that again.
http://www.redfin.com/IL/Palos-Hills/8901-W-102nd-St-60465/home/18603441
well,
1) that place was listed for a year before selling, so clearly the market did not find it a once-in-a-lifetime opportunity
2) the lot is LISTED for $215 (and has been on the market for 2 and a half years!), not sold.
disclaimer: i have no clue what lots in palos hills trade for
“You know this, or it’s a guess?”
I know. Appraisal was done in October, 2010, based on available comps at that time. IIFC, there was nothing from Old Edgebrook – all surrounding neighborhood. I haven’t been in 6239 to know how it compares.
Oh my gosh Clio,
Seriously are you and your friend/employee trying to shill a palisades hieghts house. Come on man its ridiculous now
“I know. Appraisal was done in October, 2010, based on available comps at that time. ”
Alright then. No shenanigans, but still $35k under appraised value.
Thanks for the info Blackberry! Anything else you can share about the house or the sale?
I didnt even think to look up the price of the lot next door…
I did go visit the property and it needed some updating. The house was originally listing in the high $400’s, was dropped to $415k in February and went under contract in March. Buyers ended up backing out 2 months into the contract because they were not ready to move to suburbs (at least thats what agent told me). If it was something in the inspection then you would think that would shake out within a month.
Groove, that house is under contract. I was just posting it to as a comparison to this one.
tfo, why is it amazing 6203 sold for under the last first mortgage? That happens all the time, it is called having to bring money to the table. While the pictures sure looked wonderful, the house needed a lot of updating. Anything not pictured was straight out of the 1980’s.
roma, while the grocery store within walking distance isn’t for your weekly shopping, all the stores you could want are on Touhy a 5 minute drive away. Also, I don’t know many people period that walk for their weekly grocery shopping…I couldn’t carry it all home!
On 6239, the pictures seem better than the last time it was chattered about. I love the huge lot but the kitchen cabinets look ages old, I do not like the carpeting and it’d have to come out and there is only a picture of one of the three bathrooms. I haven’t been inside it, but my guess is that it needs work. Between the sale of 6203, that it needs updating (I think) I think it will be hard to find a buyer at this price. Not many families that would be moving up here can afford $859k plus updating costs. If they come down more, I am sure it will sell, I’d just guess it’ll be around or less than $800k
“why is it amazing 6203 sold for under the last first mortgage?”
Mortgage was a late 08 vintage and came with a second.
And accepting 20% off last list is unusual.
No individual fact is particularly odd, I just find an accumulation of minor oddities more often than not points to a greater hidden oddity.
And was never “amazed” by it. Shenanigans don’t even amaze me.
Roma – what do you want to know? One thing I’ll mention is that the house has a very cool third floor balcony. You’re so high up its like being in a tree house. You can see it on the YoChicago video on Old Edgebrook (google “Old Edgebrook youtube” and it should be the first video link). I love that video-shows lots of the unique homes in the OE area.
G- thanks for the info on the 1989 sale. I didn’t think the public records were correct on that one.
Well, by the new headline and info, I still think it has 70k or so to go. It does make much more sense now with G’s info. Thanks!
In the middle of a forest preserve, but I believe right under a major flight path for O’Hare . Might want to rethink that lovely bucolic image…
“In the middle of a forest preserve, but I believe right under a major flight path for O’Hare . Might want to rethink that lovely bucolic image”
only an issue if a low flyer, which happens at most once a week. and over here you wont even have to turn up the tv if all the windows are open, so its a non issue.
now if this was Edison Park and all windows are open and you get a low flyer now that sucks.
you would think that if any are would get jacked up by the rains it would be here, but drove “through” one day and didnt see rolled up carpets and furniture in piles.
i was very surprised.
still trying to find stuff to craigslist to come up with the funds to buy this place. did they do a crack down on selling your liver on CL?
do you think i can “hook” my way into the money? my ego says two months and i should be good?
“do you think i can “hook” my way into the money? my ego says two months and i should be good?”
Oh no you don’t!! I am not going back into this and getting scolded again. All I tried to do was use an observed frequency in a sample to determine the posterior probability of an event representing a fallacy of an argument that has consistently been made, apparently incorrectly, on CC. That old money suggests better breeding, when in reality the truth is, you are probably the descendants of gold digging opportunistic whores and men with soft hands. This also answers why g’pa always worry about the kids blowing it all.
Oh no Groove.. I have nothing to say on this issue. You are on your own now. BWAHHHHHHHH!!!!!!!!!!!
dang it ze, i missed it live first time around, lets rehash (i said hash [giggle]) the mood and posts for me.
“do you think i can “hook” my way into the money? my ego says two months and i should be good?”
depends, are you willing to do a gang bang with Clio, anti-clio and HD 1.x, 2.x and 3.0?
nah..let’s tuck it away and save it for the next a’hole that shoves that argument on the board… unlike mommy, that went to Harvard, the math never lies! OK.. I really gotta stop before I break out Andrew Dice Clay, for the first time in 20 years.
“I really gotta stop before I break out Andrew Dice Clay”
there is never a reason or situation where that will call for that to happen. if it does buy a lotto ticket asap
“depends, are you willing to do a g**g b**g with Clio, anti-clio and HD 1.x, 2.x and 3.0?”
Icarus, dooode my brain is a visual working type of brain. and now that picture is in my head. its just not right. cant get the image out, and why did they have to rock an eiffle tower? JUST NOT RIGHT MAN.
@Groove, sorry man, I was trying to make a funny that tied in with your convo with Ze. Sorry for crossing the line.
“@Groove, sorry man, I was trying to make a funny that tied in with your convo with Ze. Sorry for crossing the line.”
you never crossed the line, as long as its funny or sincere then i am all good. it was funny so it passes 🙂
i still cant get the image out BTW
“I still think it has 70k or so to go.”
I wasn’t too far off so far….reduced to $799k today. 🙂
Down to 750 now.
This is now on the market, too, at 750: beautiful, spacious home, but right at the “entrance” to OE and not QUITE as big a lot (still huge tho):
http://www.redfin.com/IL/Chicago/6270-N-Louise-Ave-60646/home/12806883
Gotta love the last listing pic with the deer in the back yard!
“Gotta love the last listing pic with the deer in the back yard!”
those deer are no joke was on a bike ride on the trail over there riding at about a 21-23mph clip and one shot out in front of me. almost shyte my pants and crashed.
nice link too Roma
I’d definitely rather take the Louise house over this at the same price, even though I prefer Victorians. I like this Lundy home enough I really hope it does find a buyer soon and not too much lower that will make it truly beautiful. The neighborhood is awesome! I’ll vouch for Groove that the deer are real as well. I’ve seen many in the area in my time there.
Lots of deer…..and mosquitos….