$149k Reduction in West Town: 2028 W. Walton
This 4-bedroom vintage home at 2028 W. Walton in West Town is one of those that was in the Coldwell Banker 10-Day sale.
It has been reduced $149k over the past 6 months.
It’s sales history is also illustrative of what has happened to home prices in the West Town neighborhood in the last 15 years.
Here’s the listing:
4-bedroom, 3-bathroom brick home. Victorian features and contemporary flair. Gorgeous woodwork. Decorative fireplace. Rehabbed kitchen with table space.
Separate dining room. Family room with cathedral ceiling. 4th bedroom with sitting area and separate entrance. Deck and landscaped patio. 2-car garage. Ask about rent to own option!
Stephanie Poulakidas at Coldwell Banker has the listing. See more pictures and a virtual tour here.
2028 W. Walton: 4 bedrooms, 3 baths, 2 car garage, no square footage listed
- Sold in April 1994 for $215,000
- Sold in February 2000 for $387,500
- Sold in August 2003 for $490,000
- Originally listed in April 2008 for $749,000
- Reduced several times
- Last reduced in September 2008
- Currently listed at $650,000
- Taxes of $6,122
- OR you can rent it for $3,000 a month
- Central Air
- Bedroom #1: 14×14
- Bedroom #2: 15×10
- Bedroom #3: 11×8
- Bedroom #4 (lower level): 10×10
I’m surprised that West Town is holding up as well as it is. I recently looked at market conditions there for 2-3 bedroom condos:
http://lucidrealty.com/west_town_market.htm
Although inventory rose during the peak season it’s currently no higher than it was a year ago. And there’s still a bit of new construction in the area.
A small, quaint and charming home. Unfortunately, the price isn’t the same. This one still has a way to go down.
$3000 is very high rent for a small unit in gang-banger territory. Neighborhood is spotty. Some gentrification, but it hasn’t settled neighborhood as a “2nd Lincoln Park/DePaul”. I’m even surprised by the 2003 price.
abc — Have you been over there lately? East of Western (where this house is located) is pretty well gentrified at this point. West of Western is another story, but I wouldn’t call this house’s neighborhood “gang-banger territory”. It may not be Lincoln Park, but neither is it Humboldt Park.
Hell, I know people–who are otherwise LP demographically–who lived within a block or two of this place 10 years ago. It was sort of block by block then, but not like Logan Square even.
Am I missing something in the math?? Doesn’t 749k – 650k = 99k reduction?
I’ve seen a few cottages like this on the market. If 650k is too much for a rehabbed cottage in this area, what do you think the right price is???
Michael: I seriously doubt it, since this property is a half-block west of Damen. Wicker Park/Ukrainian Village — and a mile away from Humboldt Park.
…
Pilsen — I think we’re saying the same thing. I tried to state that it is NOT Humboldt Park (or anything like it), which is basically what abc implied.
LOL, I was replying to
abc — Have you been over there lately?
I put the blame on landlord/real estate agents who seem intent on expanding/subtracting/renaming neighborhoods for marketing purposes. I once had a coworker proudly tell me (with a straight face) that she lived in “Lincoln Park North.”
She lived near Marine Drive and Argyle.