Lakeview Farmhouse With All the Bells and Whistles: 3037 N. Seminary
This 4-bedroom home at 3037 N. Seminary in Lakeview looks more like a southern home than the north side of Chicago with its big front porch.
This 1890s farmhouse has all the modern amenities while keeping its vintage pedigree intact. It has the original crown moldings but space pak cooling.
Three out of the four bedrooms are on the second floor, including the master bedroom which has a balcony overlooking the backyard.
The eat-in kitchen has white cabinets and black honed granite counter tops.
Is this a single family home alternative to those looking at duplex down condos or townhouses in the $700,000 to $800,000 range?
Debra Dobbs at Koenig & Strey has the listing. See the pictures here.
3037 N. Seminary: 4 bedrooms, 2.5 baths, no square footage listed, 2 car garage
- Sold in October 1992 for $190,000
- Sold in August 1997 for $329,000
- Sold in July 2004 for $762,000
- Originally listed in September 2009 for $850,000
- Currently listed for $850,000
- Taxes of $10,354
- Space pak cooling
- Bedroom #1: 14×16
- Bedroom #2: 16×12
- Bedroom #3: 13×10
- Bedroom #4: 7×13
from the front it looks narrow. but the interior pics do a good job of hiding it. nice looking place
One of my favorite areas of town, but 850k for that? Ummmmm no
man, 430k for 7 years. from 97-04.
“man, 430k for 7 years. from 97-04.”
Depends on who did what, when, as far as updating the place and finishing the basement. The one bath pic looks late-90s to me, as do the kitchen cabinets and appliances.
The 92 & 97 prices seems about market for a nicely maintained, but not really updated SFH in the area, don’t they? What I don’t get is the asking for a gain over 04, unless I’m totally wrong about the vintage of the reno and they’re actually asking less than they have into it–and that’s even considering that 3/2 condos in the immediate area have traded recently for ~$650-700k.
I like this place very home vibe.
question as we have seen on crib chatter the 2002-2003 prices are what looks to be selling places. what makes this place a 100k listing over the 2004 price?
am i missing something?
“am i missing something?”
You’re not, the seller is…..like that the RE market has crashed.
“am i missing something?”
You’re not, the seller is…..i.e. that the RE market has crashed.
sorry for the double post
too high, barring someone loaded to the teeth living next door who buys it to tear it down for a side yard (just happened to a friend of mine who grew up at Southport & Roscoe- a million large, split by the owners on each side, who are going to split the property in half to get a large side yard.
me & my double lot in Avondale are livin’ large, yessir. 🙂
Single family house prices for smallish frame houses in west Lakeview seem awfully inflated. I remember when the 3000 block west around there was Respectable Unprententious Blue Collar. $750K seems pretty over-the-top for a house like this.
Having said that, I’ll say this is a lovely house. I like the high, narrow windows and the vintage details and high ceilings. The rehab is tasteful, and the yard is charming.
“Single family house prices for smallish frame houses in west Lakeview seem awfully inflated. ”
Oh, no doubt. Even if you (rather generouly, imo) say the structure is worth $350k, is the lot really still worth $500k? Or more realistically, 250 house/600 land?
Only if the lot is zoned B3.5 is it worth that kind of money. What’s the zoning, does anybody know?
Would hate to see something this cute torn down for a big multifamily, but that’s the only justification for such a price.
Why are we calling this a “farmhouse?” Anyone? Houses built in 1890 in this area were not farmhouses… It was built on a standard Chicago lot.
Seriously if you were pulling in 250k a year, would you live here?
Yes, especially if I was worried about making somewhat less in the future.
“Seriously if you were pulling in 250k a year, would you live here?”
The buyer of this will use the conforming loan limit of $417K and plop down $250K-$300K (tops), therefore it’s not worth even $717,000.
with the RE decline, the value of the lot is a very good question.
all I can say is my mom sold her massive Victorian orange-rated two-flat a few blocks away for $650K (no central HVAC) in a peak bubble year, 05 I believe. Somewhat offsetting the needed update for the mechanicals was a grandfathered-in 2 story garage (providing extra privacy as well as potential living space) you couldn’t build now if you carried a bag of cash to the alderman’s office.
I recall at the time that people were telling her they thought the lot was about $400K of that value – I can’t imagine a lot is now any more than that, so I’d peg this at $700K on the upper end, barring that freakish situation where someone just really, really likes the area and will pay to tear it down.
Great house. Why would this be a tear down? Its a little high, but not as crazy as you all make it seem. I think 750k is reasonable.
“I recall at the time that people were telling her they thought the lot was about $400K of that value”
The question is, what did teardowns on the block (or one block away) sell for? I would bet that there was one near-enough to your mom’s house to compare that sold for at least $550k in ’05.