Priced to Sell? 914 W. Schubert in Lincoln Park
This 2-bedroom unit at 914 W. Schubert in Lincoln Park just came on the market in a vintage building that was converted in 2007.
It appears to have all the bells and whistles: central air, in-unit washer/dryer and deeded parking.
It is also priced, out of the gate, $33,500 less than the original selling price in 2007.
Is this unit priced to sell?
Mario Greco at Rubloff has the listing. See the virtual tour here.
See the floor plan here.
Unit #1: 2 bedrooms, 2 baths, square footage given as 1200+
- Sold in August 2007 for $408,000
- Currently listed for $374,500 (parking included)
- Assessments of $252 a month
- Taxes are “new”
- Central Air
- W/D in the unit
- Covered front balcony
- Bedroom #1: 14×10
- Bedroom #2: 10×10
Not the greatest floorplan… the kitchen all the way in the back, as far as can be from the LR/DR?
Knock off 100k and we’ll be talking…until then, get fucked.
A lot of older apartments especially in NYC have this “railroad” arrangement with the kitchen in the back, but they generally also have a dining room back there too. Without that, I agree this is not a good layout.
This one is still highly priced, although more sane than the people who wants 450k for a place like that in LP.
not the original floor plan, for sure.
smart sellers to price below purchase price.
At 15’6″ x 15’6″ with main entrance, terrace door and hallway openings, “LR/DR” must mean “choose only one.”
>Knock off 100k and we’ll be talking…until then, get fucked.
we need more productive comments like this.
taxes are still “new” after 1.5 years?
The 2008 assessment is 39,669 which will result in a $5,600 tax bill without exemptions.
Knock off 100k and we’ll be talking…until then, get *&^&!
Clasy!
In response to popular demand…
Knock off 90k and we’ll be talking (I don’t wanna be outbid by a)…until then, get #*$& yourself and your overpriced condo
😀
what is this a bidding war? i’ll do 85k under!
No, really, everyone and their overpriced shit can go into bankruptcy. They kind of deserve it.
looks like another dining-roomectomy to me. This was probably a huge one bedroom apartment.
Getting warmer.
Knock $50K off the price.
Aw hell, I didn’t see the lowball-war!
Um…I’ll give you $150K, 6 25% direct-mail coupons for Bed Bath & Beyond, and win you a happy hour at Duffy’s!
Why would anyone want their kitchen in the living room? Cooking and food should be removed from the living room as far as I am concerned. The whole idea of loft living with everything in one space is pretty juvenile, sorta “my first condo outta college.” Developer’s embrace this concept because it is cheaper. Two words: CHEE ZEE.
Indeed, the kitchen should NOT be open to the living room. Yet there should also BE a dining room. This place has an eat-in-kitchen and a deck (on which a dining table might be placed), but no dining room.
Regarding open kitchens–wow paulj and I agree on something!
The sad truth is this probably IS their first condo out of college. Low LTV loans allowed mid-20 somethings insane leverage to buy places like this. Save up 20k (or used student loan monies), get 20k loan from the bank of mom & pops and boom: you have a 24yr old with a 400k pad.
My favorite is still the 24 year old paralegal with the $360k pad in Lincoln Square who lives there for two years and then decides to move to Boston with her boyfriend.
lol…I have a 24 yo daughter who is a paralegal in Chicago; fortunately she’s smart enough to understand that even if she could qualify for a $360K pad on her $45K salary it would be idiotic to assume that kind of debt.
People like kitchens in their living rooms because it makes it easier to eat on the couch?