5000 Sq Ft on the “Best Block” in the Gold Coast: 1246 N. State Parkway
This 6-bedroom vintage row house at 1246 N. State Parkway in the Gold Coast came on the market in April 2016.
Built in 1875, it still has some of its vintage features intact including original moldings and built-ins along with 12 foot ceilings.
It also has 4 fireplaces.
But this row house also has modern features including central air and a coach house with a 2-car garage.
It has 5100 square feet with east and west exposures along with a mudroom and a butler’s pantry.
Two bedrooms, including the master, are on the third floor, with 4 bedrooms on the top level.
The eat-in kitchen has granite counter tops and luxury stainless steel appliances along with an island.
The listing says this is the “best block in the neighborhood.” It’s just a block away from the restaurants and stores in the Rush Street corridor yet surrounded by historic properties.
Originally listed for $3.25 million, it has been reduced $255,000 to $2.995 million.
Why isn’t this property selling?
Lissa Weinstein at Coldwell Banker has the listing. See the pictures here.
1246 N. State Parkway: 6 bedrooms, 4.5 baths, 5100 square feet, 2 car garage
- Sold in September 1996 for $1 million (according to Zillow. The CCRD was “down” yesterday.)
- Originally listed in April 2016 for $3.25 million
- Reduced
- Currently listed for $2.995 million
- Taxes of $28,641
- Central Air
- Coach house
- Back patio
- 4 fireplaces
- Bedroom #1: 15×17 (third floor)
- Bedroom #2: 13×15 (third floor)
- Bedroom #3: 13×17 (fourth floor)
- Bedroom #4: 12×9 (fourth floor)
- Bedroom #5: 8×13 (fourth floor)
- Bedroom #6: 7×13 (fourth floor)
- Library: 13×20 (second floor)
- Laundry room: 13×18 (basement)
Cause its a $3MM house?
4 BR on the 4th floor is a bit of a PITA and the Pavers should be taken up and releveled.
A shame the most of the molding has been painted white
Too much gold, too little true vintage character left by the paint brush. But mostly a property like this just needs some market time.
I bet it stinks of old people in here
This is actually a decent price for a SFH in the Gold Coast WITH PARKING + a Coach house for extra rental income. Fairly wide lot for Gold Coast (avg lot width are 17′ wide up to 25′ wide for this price level. Will probably end up selling for about $2.5-2.6 MM. However, these $2MM plus homes do take a while to sell, because there just aren’t that many multi-millionaires out there.
Are they trying to look like the rowhouse that Frank and Claire had in House of Cards?
The listing photos seem really fixated on those living room chairs!
I think the right price is in the $2.7MM range. The bathrooms aren’t all that posh for this price point and need to be re-done. My pet peeve is soaker tubs where the occupant is staring at a toilet. Other than that, this is a nice piece of real estate……
I have to take issue with the “Best Block in the Gold Coast”. The 1400 block of Astor beats this one hands down – 1500 block of Astor isn’t bad either.
“However, these $2MM plus homes do take a while to sell, because there just aren’t that many multi-millionaires out there.”
But why are there dozens of million dollar units all selling in the Vista Tower? Why have other new construction high rises with prices over $1 million all sold out?
Could it be that rich people don’t want row houses or single family homes?
There’s a lot more families making $300k Vs $1MM.
The $1MM crowd is also generally older and is more accustomed/prefers the Burbs
“But why are there dozens of million dollar units all selling in the Vista Tower? Why have other new construction high rises with prices over $1 million all sold out?
Could it be that rich people don’t want row houses or single family homes?”
Could be because of Chinese ex-pat’s…