5-Bedroom SFH in Bucktown Reduces $400,000 in the Last Year: 1652 N. Bell
This 5-bedroom single family home at 1652 N. Bell in Bucktown has been on and off the market since March 2012.
If it looks familiar, that’s because we chattered about it in October 2012, after it first came on the market, and again a year ago, in December 2017.
Back in 2012, we were wondering if staging mattered in million dollar properties. In 2012, it didn’t have any furniture or even window treatments.
See our chatter here.
By December 2017, it had finally been staged but it was still sitting on the market unsold. Many of you had strong opinions about it a year ago.
You can read that chatter here.
If you will recall, it was built in 2010 on a larger than normal Chicago lot of 38×125 and it has rare 3-car parking.
It has 4 outdoor spaces including a private patio with a fire pit and a garage deck with a hot tub.
The kitchen has Poggenpohl modern cabinets with Viking and Subzero appliances and white counter tops along with a large kitchen island.
There’s a butler’s pantry and a wine bar with a Subzero wine cooler.
It has heated floors and wainscoting.
There’s full house audio which includes the rooftop deck.
The house has a finished basement with a second kitchen and a wine cellar.
The listing says it’s just a block to the 606 entrance.
If you remember, this is not the first sale of this house. It sold as a foreclosure during the housing bust.
This house has been reduced another $400,000 in the last year to $2.25 million.
Will this house finally sell in 2019?
James Prendergast still has the listing. See the current pictures here.
1652 N. Bell: 5 bedrooms, 4.5 baths, 6200 square feet, 3 car garage
- Sold in June 2006 for $730,000
- Lis pendens filed in April 2009
- Bank owned in May 2010
- Sold in December 2010 for $1.38 million
- Originally listed in March 2012 for $1.775 million
- On and off the market over the years
- Re-listed in July 2017 for $2.65 million
- Was still listed in December 2017 at $2.65 million
- Reduced
- Currently listed at $2.25 million
- Taxes are now $22,188 (they were $21,216 in December 2017 and $17,686 in October 2012)
- Central Air
- Kitchen in the lower level
- Decks on roof and the garage
- Bedroom #1: 28×27 (second floor)
- Bedroom #2: 20×13 (second floor)
- Bedroom #3: 19×14 (second floor)
- Bedroom #4: 16×14 (lower level)
- Bedroom #5: 14×9 (lower level)
- Recreation room: 27×26 (lower level)
Nice place. Too bad it’s not in Bucktown.
“Currently listed at $2.25 million
Taxes are now $22,188”
Good target for and AV-based auction. Assessor sez it is now worth $1,315,780.
they appealed the 2017 assessment, which had a market value of 1,132,760, and presented an *appraisal*–which presumably showed it was worth less than $1.13m–I don’t think it has doubled in value, so I doubt it would appraise out for a loan.
2 separate eating areas in the Kitchen?
Is Picture #7 old ?
Other than the outdoor area, this doesnt look anything special
“Is Picture #7 old ?”
Looks like the same chairs, just weird lighting.
“doesnt look anything special”
Seller’s appraiser apparently agreed, as the appraisal clearly stated a value supporting a AV reduction from a AMV that was *half* the current ask.
I’d feel pretty good about paying whatever amount their appraiser said it was worth, tho.
You are correct. The fireplace in picture #7 was throwing me off as it wasn’t in any of the pictures. I did see in on the floor plan.
You would think Redfin would make it possible to actually read the floorplans
Yuck.
Inspired by the comment on the following post, looked at this one.
It *finally* sold last month–Dec-22 for $1.935m.
Less CPI = $1.638 in Dec-18
Less CPI = $1.596 in Jul-17
I think that $1.75m ask in ’17 would have gotten it done then (maybe at a hair off 1.75).