Foreclosure on Single Family in North Center a Sign of the Times
It isn’t just condos that are ending up in foreclosure. North Center has seen rapid price appreciation in recent years- going from affordable to ritzy- with single family homes easily selling for over a million dollars.
One homeowner hasn’t been as lucky and now, according to the public foreclosure records, faces foreclosure on a recently renovated Victorian.
4111 N Oakley Avenue: 3 bedroom, 3 .5 bath, 2 car garage, full basement
- Sold in 2001 for $310,000
- Sold in 2003 for $675,000
- Currently listed at $724,900
- Auction price of $583,932
There is a lot of single family home inventory in North Center. The $700,000+ market is a tough one to crack right now.
The listing says the owner is a licensed Illinois realtor. I guess even the professionals make mistakes when buying properties.
Is $583,000 a bargain on this house? There are several other homes in North Center in the upper $500,000 range also for sale. I don’t know how they stack up on location, amenities, size etc. If anyone knows- please comment.
Stay tuned to see if someone snatches it on the courthouse steps.