4 Months Later and Still Trying to Sell the 5-Bedroom Tudor in Sauganash: 5919 N. Forest Glen
We last chattered about this 5-bedroom vintage tudor at 5919 N. Forest Glen in Sauganash in March 2011.
See our prior chatter here.
At that time, the house was listed at $725,000 and most of you thought that was way too high even for a neighborhood where home prices are in no way “low”.
It has since been reduced $50,000 and is now listed at $675,000.
If you recall, it was built in 1930 on a 40×125 lot, the house has many of its vintage features intact.
The living room has a hand hewed beamed cathedral ceiling with the original hand carved floor to ceiling wood fireplace mantle.
In the living room, there is also a unique 6 foot hand carved chandelier.
The kitchen has been updated with stainless steel appliances, what look to be stone counter tops and an eat-in breakfast nook as well as a kitchen island.
2 of the 5 bedrooms are on the second floor, 2 are on the main floor and one is in the basement along with the family room.
The house has central air and a 2-car garage.
At what price will this house ultimately sell?
Ron Meadows at Prudential Rubloff still has the listing. See the pictures here.
5919 N. Forest Glen: 5 bedrooms, 3 baths, no square footage listed, 2 car garage
- Sold in October 1985
- Sold in May 2004 for $749,000
- Originally listed in April 2010 for $800,000
- Lis pendens foreclosure filed in November 2010
- Reduced several times
- Was listed in March 2011 for $725,000
- Reduced
- Currently listed at $675,000
- Taxes of $7441
- Central Air
- Bedroom #1: 13×13 (second floor)
- Bedroom #2: 13×16 (second floor)
- Bedroom #3: 12×15 (main floor)
- Bedroom #4: 12×13 (main floor)
- Bedroom #5: 12×10 (basement)
- Family room: 23×17 (basement)
Fabulous home in a fabulous location. Single family homes in exclusive areas don’t come cheap. There are no deals in this neighborhood. These homes consistently sell for top dollar and will continue to do so. I expect a 5 to 10 % price reduction before it goes under contract. I think this is priced fairly for a beautiful home but I would not expect it to be much cheaper. If you want to live here, you as a buyer better be prepared to pay up the nose, this area is exclusive.
What elementary? I would expect it to be tops….
I’ve seen that house. It’s empty now, it’s a little odd, and I think it needs a little work. I found the living room creepy, though I could see someone else really digging it. Nice street, though.
“I found the living room creepy…”
Not more crucifixes, I hope!
oh hd, what ever happened to that japanese thing spiraling the world into recession? once again you look like a dope
Well, if you live here, no need to stay at the Abbey in Lake Geneva.
This listing made me look back at that other cool Sauganash home. Look who is under contract!
http://www.redfin.com/IL/Chicago/6070-N-Forest-Glen-Ave-60646/home/39579531
Looks like another case of the CC effect! Sabrina perhaps you should be getting a cut of commissions from all those brokers you are making rich! Well I guess that the term rich is a bit of an overstatement in this market.
I saw the light sonies, and, maybe someday you will see it too.
HD, some folks on here are asking “where did the cynical HD go to?” I’m afraid that they don’t know what cynical actually means. Before, you were a “skeptic,” in the classical sense. Today, you are a “cynic.” One is an admirable and valuable, if not always easy to take, trait. The other is not.
it is a free country so HD is entitled to his opinion, mood swings or whatever it is he is doing. Interesting thing is that it seems the aggregate opinion on CC has not changed as HD has moved towards optimism regardless of his motivation and Clio has become more accepting of the poor conditions in the market : )
I cannot make sense of the market though. I don’t get why some properties in the same neighborhood linger for ever and others sell at prices which I think are too high.
jp3, the other house went under contract days after the first CC post. However, I think it had more to do with the 100k price drop than the CC effect…
This house, on the other hand, has not benefited from the “CC effect”. Been on the market for a long time. Not a fan of the layout, still think it’s 75k overpriced.
The interior is unique and I was surprised at the size of this place. A lot of these older homes only have one full bath, so it’s nice that this one has three. It looks so small from the outside. This house seems really nice if you want to live in this area. Also, the nearby Metra stop actually makes it rather convenient for working parents.
If the school is right, and I think it’s Sauganash Elementary, I see this going under contract before the end of summer break. I like it, of course it’s way out of my price range.
if this was 599k i would be all HD mindset on this property.
two things a question would be how bad would be the deferred maintenance on this foreclosed home that a few rooms look DIY. DIY and lacking proper upkeep can make for scary innards.
I love Saug, its a peaceful area but has a bit too much pretentious azzes living there for my taste.
annony: I’m not cynical, I’ve shifted 160 degrees from the negative to the positive category. Notice I did not say 180 degrees, because I’m not a realtor. 160 degrees is large shift but not polar opposites. All you need is to look at today’s property selling over the 2009 price to know that volume is reduced and is support prices and given all the underwater owners, there will be a supply shortage for a long long time to come. where’s the shadow inventory I’ve been squeeling about for years? Yeah, it’s going to rot before it comes onto the market.
thanks for coming to my side
“where’s the shadow inventory I’ve been squeeling about for years? Yeah, it’s going to rot before it comes onto the market.”
you can still make money/ find your dream home in this market. still is a scary mrkt but that’s the fun, right?
Of course you can find your dream home, it’s just that you’re going to have to pay through the nose to buy it.
Groove: a property like this will *never* sell before $600,000, so stop dreaming, and get back to work.
HD – serious question: what is going on with your posts? Are you being sarcastic? Is this some type of weird experimental behavior therapy? Did you recently buy a place?
clio – what’s so hard to understand about admitting that I was wrong and adjusting my real estate opinions accordingly? This is not behavior therapy and no I did not recently buy a place.
HD – it’s completely abnormal to switch opinions 160degrees without any type of stimulus or change in data – that is just bizarre and lessens your credibility. Seriously, why did you change your opinion? Any new data (or lack of data) out there?
hey remember that crazy 5-7 year ARM recast doomsday date? yeah that was a good one too, somehow it worked out better for those with arms…
“Groove: a property like this will *never* sell before $600,000, so stop dreaming, and get back to work.”
how about a bet if it does sell at 600k, you release the real HD. if you win and it sells for $675k then i will follow, respond and actually read the new HD posts
Somehow I now want to buy this home at 599K just to get the real HD back.
Just kidding HD – I am liking the new positive attitude however on occasion you are just a bit too far over the top for my liking. You just can’t be a cheerleader every moment of everyday. In my opinion that is what lessens credibility.
“every moment of everyday. In my opinion that is what lessens credibility.”
i think the credibility has more to do with the sincerity involved.
jp3, the one a block north on Forest Glen under contract at $699k sure makes this one not seem worth anywhere near $675k! I’d MUCH rather have the one a block north. I am leaning towards Groove on this one…
I would make the change about 170 degrees, but it’s a lot closer to reality than it was before (but still not that close).
I don’t believe the 160 degree opinion swing is for real. It just doesn’t seem credible. The first few days of the born-again HD posts were quite entertaining satire. But now it really is impossible to see the tongue in cheek through the internet.
I think that HD needs a symbol of his re-birth. Religious people that are re-born put an outline of a fish on their cars so in this case can someone make up a silver outline of a house and send it to him?
That way everyone will know that his views on the RE world have changed and that he has seen the light!
I think Suzanne researched this and decided to give HD a house visit and bestowed on him some of her charms. Get yoself tested, HD, Suzanne does a lot of business.
was the impetus for HD’s flake out the sacagawea dollar joke?
There’s no fake out guys. This is for real. You see, there is a lurker on this site (who has never posted) who knows me in real life and this person told me to chill out and take a break from cribchatter for a while, because it’s getting too out of control over here. So
I will take this lurker’s advice and chill out for a while; other than a few pieces of mortgage info now and again, I’m going to lurk in the background for a while, if at all.
But before I go I want to tell Sabrina that she runs a great site and thanks for all the hard work providing countless people with hundreds of hours of entertainment over the years. If I ever run into someone I suspect is Sabrina, or if I see someone on the side of the road taking pictures of a crapshack in the middle of the winter, (and it’s a small world out there) I’ll buy you a drink.
Oh no HD. We’ll miss you. I for one thank you for stopping me from buying a year ago. It has worked well for us. Hope your break will be a short one!
BTW, you are such a nice person. I never saw you making mean comments or resorting to profanities to make your point. I send you some virtual hugs!
Well, HD, you’re on the list for my CC housewarming party, if that were ever to come about.
maybe steve heitman will feel safe to come back
“Well, HD, you’re on the list for my CC housewarming party, if that were ever to come about.”
nice HomeDelete 2.0 version 2011.2qtr scores and invite yet I await sad and lonely.
“yet I await sad and lonely”
Dooode, you know you have a longstanding invite, though you and anon may need to bring tools and fix a couple of things. Small matter of buying a place first. I’ll try to avoid btown, so you can come.
everyone remembers your behavior at clio’s pool party
“Dooode, you know you have a longstanding invite, though you and anon may need to bring tools and fix a couple of things”
i am down, just pay me in beer and BBQ, i dont touch electric or sewage.
i jest but we were just in Bucktown friday the 1st to get wifey a dress for the 4th BBQ and are usually shopping or dining minimum once a month in the wicker/buck
“everyone remembers your behavior at clio’s pool party”
come on it was only for like 5 minutes, and gooolly geeee you guys didnt have to stare the whole time.
HD, I wish you everything good. Hope all is well, and I definitely would buy you a drink– HD v.2, has an unexpectedly entertaining sense of humor. Best wishes.
Down to $545.
This is a nice area, with nice homes, but prices have been slammed. Sauganash prices seem to be reflective of the new reality while Wildwood and Edgebrook (the other upscale areas of 60646) seem to be stuck in the past. But every once in a while there is a comp at $290 psf that all the neighbors look to in a feeble attempt to justify their own ridiculous values..
$290 psf
http://www.redfin.com/IL/Chicago/6621-N-Hiawatha-Ave-60646/home/13590194