“Guess The Price” 3-Bedroom Wicker Park SFH Reduces Under the 2009 Price: 1509 N. Paulina
We last chattered about this 3-bedroom single family home at 1509 N. Paulina in Wicker Park in May 2011.
See our prior chatter here.
The agent, Evan Kane, was running a contest to see who could guess the sales price of this house.
Many of you simply guessed the ultimate sales price right on Crib Chatter instead- and from the look of the guesses, nearly all of you were actually too high. (You would have “overbid” as the Price Is Right rules go.)
Listed for $775,000 back in May, which was over the 2009 purchase price, Bob was among the lowest guessers as he used the case shiller index to guess that it would sell for $613,400.
After several reductions, the house is currently listed at $674,900.
If you recall, the house was formerly owned by David Draiman, lead singler for the band Disturbed (the original listing had a reference to “rock and roll”.)
It has soaring ceilings in the living room and skylights.
2 out of the 3 bedrooms are on the second floor with the master bedroom on the third level.
The master bathroom is slate, with body sprays and a Japanese soaking tub.
The second bathroom is not without its own luxury, as it has a steam shower with 8 body sprays.
The kitchen has Viking, Bosch and SubZero appliances.
Built on a 25×125 lot, there is a 500 square foot deck with a hot tub over the 2 car garage.
The house is now listed $20,100 under the 2009 purchase price.
Will Bob turn out to be right on the ultimate sales price on this house?
Evan Kane at RGC Realty still has the listing. See more pictures here.
1509 N. Paulina: 3 bedrooms, 2.5 baths, 2435 square feet, 2 car garage
- Sold in November 1988 for $35,000
- Sold in December 1998 for $320,000
- Sold in September 2005 for $849,000
- Originally listed in June 2008 for $899,000
- Sold in July 2009 for $695,000
- Originally listed in May 2011 for $774,900
- Reduced several times
- Currently listed for $674,900
- Taxes of $9364
- Central Air
- Bedroom #1: 18×14 (third floor)
- Bedroom #2: 12×12 (second floor)
- Bedroom #3: 11×10 (second floor)
There were also $588 and $585 calls.
How low will it go!
Do the limbo!!!
getting pretty darn close to my guess
its a repost from before gotten lazy sorry;
ok this one will be a hard guess,
1) you got a “celebrity” lived here home
2) creative marketing
3) HD pictures
4) odd 2009 sale price
5) Increased traffic because of contest
its not your average CribChatter listing i will say 687k and under contract in late july.
Unique place. I like it, but I’d rather be further east.
“This place is [great/terrible], [the only problem is a bunch of stuff/I hate everything about it], and also it’s too expensive. I also can’t believe they didn’t consult me on my exact preferences before building or renovating a place I could never afford to buy.”
Geez, I’m starting to sound like clio.
It’s a very interesting home and honestly, I wouldn’t expect the price for that home to be that “low”. I used to live in Wicker Park/Bucktown and there were single family homes that were selling for almost a million (in 2006-2007).
The outside looks weird, need to drive by to see it, the inside is nice…1500 block of Paulina though…not the best block…
The current ask is $674,900 — close to Laura’s second guess — and she actually registered to play the game.
Let’s recap the May 2011 chatter:
JJJ: “I do think that this will sell for more than the 2009 price [695k], which looks like a fire sale price to me.”
[Well if you hurry you can still get it at that “fire sale price”.]
Bob: “If this SFH tracks the case shiller index it would be valued at $613,400.”
[“If”? All right Mr. Spock. I’ll give you that price +/- three percent. geez.]
Groove: “i will say 687k and under contract in late july.”
[‘Great stuff Krusty.’ Yer talkin bout July 2021 right?]
Laura: “I sent my guess to Evan, for about the last selling price” [which was 695k].
[No one doubted you sent your guess to Evan. . . . Yer out!]
DigitalQuark: “669K.”
[still alive . . . barely.]
DC: “I will guess $711,000”
[Yer out! — but thanks for playin.]
Sonies: “Quark you are very close to my guess!”
[hey man, no parzies. & btw you’ll soon be out too.]
Endora: “I am guessing 677,000–close to groove’s guestimate.”
[good guess — groove is hilarious — but yer out!]
flo: “sells for 699k”
[Bub-bye.]
Wojo The Magnificent, after holding teh envelope to forehead: “I’ll say $588,000 buys this house.”
[Brilliant guess. And still in the running y’all . . . Btw does having laid claim to “unders” on Bob’s 613.4k get me anything — you know, horseshoes, handgrenades . . . anyone?]
HD: “a frame house with eccentric designs has to be somewhere in the mid to lower $600’s, but I would not be shocked if it sold in the high $500’s.”
[So yer staking claim to everything between “the high $500’s” up to “the mid to lower $600s”? C’mon. That’s totally unfair. And I feel like I’ve been picked off by your “high $500s” guess, so my feelings are hurt too.]
Skeptic: 645K
[still alive, for now, you need a buyer who thinks like JJJ.]
Laura, her 2nd vote: “I said $675K”
[yeah yeah ok. aint it just like a chicagoan to vote twice.]
Adriano: “I MUST guess that this house will go for $585,000.”
[Dude, if you MUST do anything it ought to be picking a price that isn’t 0.000005% below mine! sheesh. & don’t think I’m sharing my winnings.]
If I win, which is unlikely given that I didn’t enter the contest, I promise to donate aforesaid winnings to Sabrina’s CC Slush Fund.
Taa-daaa!
Wojo: Thanks for your excellent summary of all the guesses. It was too much work for me to figure it all out. 🙂
I say it sells for $550000 give or take $5K
Wojo, you are fun-nee! Well done!
Very well done, Wojo – that was damned entertaining.
So can I revise my guess to a buck, Showcase Showdown-style? Remember – always pick the last option, the first two showcases always blow the suck-o-meter.
I just decided to take a spin by this place and guess what? Right next door is one of the iconic public housing flats. Stick a fork in 1509 Paulina, it’s done. $399k