Dutch Colonial Reduced $185,900 Since 2007: 5028 W. Balmoral in Forest Glen
This 4-bedroom dutch colonial at 5028 W. Balmoral in the Forest Glen neighborhood has been on and off the market since June of 2007.
It has also been reduced by $185,900 since the June 2007 listing.
Built in 1908, the house is commuter friendly as it’s just a block or two from the Forest Glen metra station.
On a 50×150 lot, it has hardwood floors throughout the main floor.
The kitchen has oak cabinets, granite counter tops and white appliances.
All four bedrooms are on the second level.
There is also central air and a 2-car garage.
Is this finally priced to sell?
Irene Yungerman at Baird & Warner has the listing. See the pictures here.
5028 W. Balmoral: 4 bedrooms, 2 baths, 1800 square feet, 2 car garage
- Looks like it previously sold in 1994 but I couldn’t locate a sales price
- Originally listed in June 2007 for $724,900
- On and off the market and reduced several times
- Currently listed for $539,000
- Taxes of $6115
- Central Air
- Bedroom #1: 18×16
- Bedroom #2: 17×11
- Beddroom #3: 14×13
- Bedroom #4: 12×10
I love forest glen Quiet area and really great people.
a good beef place popped up on elston called bumpa’s beef.
walk to metra stop š
now for 539k if you cross cicero you can get a 3br house in sauganash (better schools) but you wont get the double lot like this.
Priced right. Should sell in a matter of days or hours. I think it might sell in the next few minutes. I’ll check the contingency status on redfin every 5 minutes and keep you up to day. I mean, why live in Edgebrook (aka suburbs) for $1,000,000 when you can live in FG instead for half the price?
LOL if my listing agent failed to put up an exterior pic of the front I think I’d find a new one ASAP.
HD,
bro you need a hug, you have been extra negative nancy the past couple of weeks. Dont worry spring is almost here, moods elevate few notches during that time.
What’s wrong with exterior pic?
http://www.urbanrealestate.com/property/5028-W-Balmoral-CHICAGO-IL-60630-KC4MXK5SQGQ3M.html
Looks fine to me, and really showcases the double lot
“HD, bro you need a hug, you have been extra negative nancy the past couple of weeks.”
One theory is HD is a plant by the realtors to take such aggressively bearish positions it forces the rest of us to become bullish. Not really plausible though. He is unique unto himself, as is the Groove.
Have a good weekend all.
Grove,
There’s a bunch of stuff going on, I’m particularly sad today due to a death in family.
Regardless, I had a shadow inventory property float across my desk. $8k property taxes, $3,000 a month piti on 1st/2nd, no payment since 2008, in second forclosure, on second loan mod. $60k household income down from $100k+, non real estate related employment.
People in the ‘hood are still paying in the $300’s and $400’s for similar houses yet the people who live there can barely afford it as is. Amazing.
“#Groove77 on March 5th, 2010 at 3:50 pm
HD,
bro you need a hug, you have been extra negative nancy the past couple of weeks. Dont worry spring is almost here, moods elevate few notches during that time.”
“Thereās a bunch of stuff going on, Iām particularly sad today due to a death in family. ”
Condolences, hd. Have a good weekend, man.
Sincerely sorry about your loss, HD.
“Thereās a bunch of stuff going on, Iām particularly sad today due to a death in family.”
sorry to hear brother, my offer for drinks @ macnammera’s is always on the table š
“People in the āhood are still paying in the $300ās and $400ās for similar houses yet the people who live there can barely afford it as is. Amazing.”
its a f’ed up system and ever one has a sad story about it.
i have a best bud who did it correct paid 15% down in 2007 or 2008 for his first home 2br starter place. the had one kid at the time and where planning the second but ended up with twins due in 3 months (go figure). he planned the new born would stay in there room unitl 1 then move into the room with his daughter.
well he cant get out without a short sale or something in the likes. Its not that his finances are tight its he needs more space and cant do anything about it.
Thank you all for your condolences.
Don’t want to hijack this thread but will you guys tell me your thoughts on this: http://www.redfin.com/IL/Chicago/1701-W-Farragut-Ave-60640/home/13404149 Going to the open house tomorrow. Obv negatives are no parking and only 1 full bath… but other thoughts? You guys always think of things I don’t (or have access to more info!) I love the hood, taxes look good. I’ll report back.
-Sorry about your loss HD
Though this house is in “Forest Glen” MLS category, Edgebrook and Sauganash folks would disagree with that identification. Forest Preserves mark southern boundary of Edgebrook/Sauganash “nice neighborhood” definition. This is in a far less appealing area. Price seems unreasonable, even for former Bubble period.
T.S.: Looks nice. You might be able to squeeze in a (smallish) en-suite bath on top of the screen porch in back–no rep on the zoning/building code possibility of that.
My big question is what’s the basement like? If it’s full height, you’d have a lot of realtively easy options. Small lot would kill it for me, but I like A’ville.
“Small lot would kill it for me, but I like Aāville.”
Agreed 31 X 53 lot is really odd and creeps me out in that special way that only a small and odd lot size could.
I noticed this house too,looks very cute! And at first I thought it looked like an amazing price for the neighborhood, until I saw the short lot with no parking.
Let us know what you think……
T.S. on March 5th, 2010 at 4:57 pm
Donāt want to hijack this thread but will you guys tell me your thoughts on this: http://www.redfin.com/IL/Chicago/1701-W-Farragut-Ave-60640/home/13404149 Going to the open house tomorrow. Obv negatives are no parking and only 1 full bathā¦ but other thoughts? You guys always think of things I donāt (or have access to more info!) I love the hood, taxes look good. Iāll report back.
Sorry we didn’t get to go (new baby=no scheduled events!) but you guys are SO right about that lot. We might sacrifice that if everything else was perfect but it’s not… So now I am trying to figure out how to make 2130 n bissell happen! Love love love! It’s basically my dreamhouse in a perfect location and I don’t even care about the train. Hmmmmm, don’t know about the price though…
“Though this house is in āForest Glenā MLS category, Edgebrook and Sauganash folks would disagree with that identification. Forest Preserves mark southern boundary of Edgebrook/Sauganash ānice neighborhoodā definition. This is in a far less appealing area. Price seems unreasonable, even for former Bubble period.”
Got to agree with Architect on this one. I still think there is value in the land and the closeness to the FG Metra. Price seems a little high to me I’d go Mid 4’s.
Off market August 11, 2010. Please relist at a fair price so someone can get a deal!
“Originally listed in June 2007 for $724,900”
What a dufus. This says it all about this owner.