4-Bedroom Victorian Cottage Reduces to $699,000: 3526 N. Marshfield in Lakeview
This 4-bedroom Victorian single family home at 3526 N. Marshfield in Lakeview came on the market in May 2020.
If it looks familiar, that’s because we have chattered about it several times over the last decade: in both 2013 and 2016, which was the last time it was on the market.
See our 2016 chatter here.
We also chattered about it in May 2020 when it came back on the market.
See the 2020 chatter here.
Last year, most of you thought it was overpriced.
It’s still available but has been reduced further.
If you recall, the house is unique.
Built in 1893, it’s on an irregular lot measuring 22.5 X 73.5, 8.60 X 51.5 but the public listing now says it’s 23×125.
It has ornately carved faces on the exterior (no longer prominently shown in the listing pictures) and there are underground tunnels from the prohibition era that have been “blocked off” (also no longer mentioned in the listing).
There’s a marble fireplace in the living room and an oak staircase.
The living/dining rooms and kitchen are on the main floor.
The kitchen has dark cabinets and white and black appliances as well as a kitchen island.
3 bedrooms are on the second floor with a full bath.
The third floor has a bonus room/den/bedroom that has skylights.
The house has a lower level family room/den, a full bath, and the laundry and utility rooms.
The house does have central air and there is 1 outdoor parking spot along with a back deck and gated yard.
The listing says it’s had a “new roof in June 2021” which has a 10-year transferable warranty.
It was listed in May 2020 at $809,000 and has been reduced to $699,000.
The house is in a popular location in Lakeview, near the shops and restaurants of Southport and the Addison brown line stop.
Is this house finally a deal?
Arden Baranowski at Berkshire Hathaway Homeservices has the listing. See the pictures here.
3526 N. Marshfield: 4 bedrooms, 2.5 baths, 2500 square feet
- Sold in July 1991 for $160,500
- Sold in February 1994 for $176,000
- Was listed in March 2012 “as-is” for $550,000
- Re-listed in July 2013 for $650,000
- Re-listed in October 2016 “as-is” at $685,000
- Withdrawn
- Re-listed “as-is” in May 2020 for $809,000
- Reduced
- Currently listed at $699,000
- Taxes are now $10,821 (they were $8641 in 2016, $8056 in 2013 and $7958 in April 2012)
- Central Air
- 1-car outdoor parking
- Fireplace
- Bedroom #1: 20×12 (second floor)(is this the attic room?)
- Bedroom #2: 15×13 (second floor)
- Bedroom #3: 16×12 (second floor)
- Bedroom #4: 9×12 (second floor)
- Living room: 27×14 (main floor)
- Dining room: 14×13 (main floor)
- Kitchen: 16×13 (main floor)
- Family room: 30×17 (lower level)
- Laundry room: 12×7 (lower level)
“the public listing now says it’s 23×125.”
Looking at the rest of the listing, it accurately discloses the SF of the lot, and does not that it is irregular, so I can’t hate on that really.
Taxes are down by ~$24 for 2020 (yes, bills are out). Assessor MV of $485k is a little light, but not that much.
Has anything been done to the interior since ’12–pix are not on Redfin–other than paint?
What’s with the two Glades(??) in the nook in the basement?
I want to like it for what it is, but I just cannot. Maybe at the $495k price someone suggested one of the (many) prior times on the CC.
I don’t think they’ve upgraded anything in the interior. Pictures look the same as previous listings.
Buyers really want “new” and are willing to pay for it. They really don’t want to put in a new kitchen or bathroom unless they are getting an extreme deal of some sort.
The basement picture with the boxout for the water meter w/ 2 air fresheners isnt a good sign
The attic room is accessed thru one of the BRs – Might make a nice HO if accessed the the MBR
Mot having a transition strip from the kitchen tile to the HW floor is probably a goo indication of the level of remodel
This place still looks haunted, though at least they left off a weird garden medallion of some bearded man’s portrait from the list photos this time.
This strikes me as a very reasonable price for a detached house in Lakeview, even for one with a tiny lot. Most people don’t benefit from owning larger lots, anyway, and the smaller lot size is no doubt the reason the taxes are relatively low.
It’s too bad that the house has been clean-walled half to death, and made so ‘open’. At least some vintage details were kept. But it still has considerable charm, and is very roomy and livable.