The Single Family Home Alternative to a Condo: 3505 N. Marshfield in Lakeview
We’ve chattered quite a bit about the big duplex down condo units being an alternative to the single family home but what about the other way around?
This 3-bedroom 1906 home at 3505 N. Marshfield in Lakeview was recently reduced $26,000.
The house has maintained some of its vintage features including wood floors and built-ins. All three bedrooms are on the second level and the listing says a new master suite was recently added.
It also boosts a rare trifecta of bathrooms, at least for a house in this price point.
The kitchen has granite countertops and stainless steel appliances. The house also has a 2-car garage and central air.
Joseph Siciliano at Coldwell Banker has the listing. See the pictures here.
3505 N. Marshfield: 3 bedrooms, 3 baths, 2 car garage, no square footage listed
- Sold in July 2002 for $475,000
- Originally listed in November 2009 for $775,000
- Reduced
- Currently listed for $749,000
- Taxes of $6907
- Central Air
- Unfinished basement
- Bedroom #1: 15×12
- Bedroom #2: 16×10
- Bedroom #3: 11×9
- Living room: 15×11
- Dining room: 15×11
- Kitchen: 15×10
- Breakfast nook: 10×9
The mortgage calculator at the bottom of the CB page says that PIT+I is about $4,000 a month (assuming 20% down and a low interest rate 30 y fixed).
If you can’t afford a $4,000 a month mortgage payment in this city then you seriously need to get a better job. They aren’t building any more real estate, folks, and deals like this are gonna be snapped up quickly.
Just kidding, Happy Holidays everyone!
“assuming 20% down and a low interest rate 30 y fixed”
Are Jumbo rates down to 5%? What’s the upfront on that? I may need to talk to Russ.
A nice description of the house (altho “Other Room 3” is the deck), which looks nice in the limited (yeah, MLS standard) pix–I would guess that the other rooms don’t look quite as nice. It’s a convenient location, but being next to that multi-unit is no fun and I don’t like the across-from-the-school thing, but that’s personal pref.
they did a good job with the picture of the front making it look wider than it is.
I am sorry but i stopped at the first picture and saw the DISH on top of the front porch roof and i decided to just close my browser as it was easier. i am done
Groove,
I think we all need to be better about coupling our criticisms of the properties with some positive commentary. For example, you say that cable dish stuck on the front of the house is awful. Agreed, but then please follow-up with a positive comment such as, there are stairs leading to the front door and stairs are helpful.
Only then will we be viewed as Crib Chatters and not Crib Haters.
“I am sorry but i stopped at the first picture and saw the DISH on top of the front porch roof and i decided to just close my browser as it was easier. i am done”
Dude, remember that that is a decorating choice and something you could change easily. We’re here to talk about the real estate, not teh personal property.
Altho, given that the place is empty, taking it down before sanpping the pix probably would have been a good idea. Those DTV installers *always** want to take the lazy way out–wouldn’t be surprised if they said that was the “only” place that would get good reception, just b/c they didn’t have a big enough ladder.
*almost.
This is a great neighborhood for your typical white or assimilated minority midwestern 20 to 30 something. It’s not overly pretentious ala LP, but has none of the scary diversity found further west. It’s a good place for young families, but how many can afford to drop $750K?
“Dude, remember that that is a decorating choice and something you could change easily. We’re here to talk about the real estate,”
you are correct, my bad 🙂
on the positive…Umm i did notice the web page loaded fast, no but for really doe,
I love that built in and wood window and baseboards. I dont know if you can get a SFH for this price in the area? I think the place is very tastefully done.
personal preference; i love vintage and will always say, i wish it would have kept more vintage touches. I would rather not have that large of a deck for more grass.
and what i have noticed for some strange reason houses painted in baby blue (or similar) show the winter dirt more?
side note; to add on to anon and the across the school thing anyone ever see that king of queens episode where they buy a house across form a school?
Brownline tracks very close probably not too noisy though, at least the paulina stop is nearby.
West of Ashland (bleh)
Stick frame house isn’t my favorite.
3baths is very nice but whats the layout? No information on that.
Is there a basement?
2 car garage and fullsize yard is also nice
I do like this house a lot, because its big & spacious! Not exactly my favorite location but hey at leaast they aren’t trying to sell it for 1.25 million like they would have in 2006. Someone will buy this place at 700k+, soon.
agent want to fix this little mistake on the listing
“Interior Features: Deck, Porch, Gazebo”
no wonder its so much, it has interior decks, and interior gazebos! hyuck yuck yuck
Anon(Tfo): If you can swing a 25% down payment, you probably can get a 7/1 ARM for about 4.625% on a jumbo. I believe the 5/1 was about 4.125% A 30 year is around 5.75%. Vast majority of jumbos are getting the ARMs since the rates are so much lower.
No 80/10/10s exist anymore. I don’t even think you can get a 2nd and keep the total combined loan to value to 80% either. All the banks that offer purchase money second loans have some real goofy underwriting rules that make them practically worthless.
NYT had a good article over the weekend about how difficult it is to get a mortgage these days.
wife and I saw it and said “meh.” Vintage detail is nice and all but the walls are this crazy stucco (inside) that would be a complete pain (or expense) to change… When I walked into the kitchen I kinda thought “one of these things dosen’t look like the other…” and the Mbth is odd, nice but very odd.
Great neighborhood, cute exterior, looks like a solid interior (minus the hideous built-ins), a front porch, 2-car garage, close to transit, across the street from a school (not sure if it’s any good though) and most importantly, a not completely atrocious asking price.
It’d sell faster at 600 or 550, but it will sell eventually for close to ask.
“Is there a basement?”
“roughly” 7.5′ tall. it’s in the “more” discription in the linked listing.
Thanks, Russ. Helpful, as always.
RV: Does seem sort of meh. Are the un-photo’s rooms all pretty much un-reno’d? I suspect the upstairs layout is such that you can’t do anything about the small 3d BR without re-jiggering (almost) the entire floor.
Anony-cuz: “It’d sell faster at 600 or 550”. Well, yeah, b/c with the same $150k-ish DP, the buyer could get a conforming mortgage. This one seems like it might get stuck in not-able-to-finance hell–Folks with $150k (or $190k, for 25%) + income to qualify/support a pricey jumbo have a lot of choices right now and might well expect more than this place can offer.
The house is very pretty inside, but at the end of the day, it’s still a wood-frame house, and I just wouldn’t want a wood-frame house over a brick or limestone house – (especially for 750K). They are less solid, more prone to fire and termites and harder to insure.
@anon(tfo) the other rooms are basically un touched, it seems like in some rooms it was taken down to the studs and others nothing. The LR/DR/Foyer are ok untouched but they could use some smooth walls and maybe refinished woodwork.
The upstairs is a bit choppy save for the one redeeming feature – stacked laundry in the MBR and addl in Basement. Needs finesse but excellent idea to have two laundry doing options. MBR has lots of space, closets bath, laundry, but that won’t help you enough if you plan on kid(s).