This Flip Was Cancelled: 1952 N. Seminary in Lincoln Park
Remember this vintage unit at 1952 N. Seminary in Lincoln Park that was bought in 2007 by 606 Development Group, renovated, and re-listed in July 2008?
It was professionally staged.
It never sold. The listing was cancelled.
See the pictures here.
Here’s the history again:
Unit #3: 2 bedrooms, 2 baths, dining room, no square footage listed
- Sold in June 2001 for $417,500
- Sold in October 2004 for $455,000
- Sold in August 2007 for $496,000
- Was listed in July 2008 for $597,000
- Cancelled
- Assessments of $187 a month
- Taxes of $5950
- 606 Development Group, Inc. has the listing (here’s the website)
I see a short sale in the near future for this one.
Lets see, Gold Coast properties starting to go for their 2000 price, which puts Lincoln Park a little under. Hmmm, 375k.
Maybe I can get a short sale on the patio furniture. That stuff looks great.
Yes that patio furniture looks great… until it rains 🙂
So, what’s the right price for this place? Looks to be back on the market… $500k?