Full Floor 3-Bedroom with Marble Fireplace at 707 W. Junior Terrace in Buena Park
This full floor 3-bedroom vintage unit at 707 W. Junior Terrace in Buena Park came on the market in July 2020.
707 W. Junior Terrace was built in 1927 and is on the National Historic Register. It only has 14 units.
There’s no parking.
The listing says this unit has been “rehabbed and reconfigured” by combining 2 units.
The elevator opens directly into the unit’s foyer.
It has tall ceilings, hardwood floors and a wood burning fireplace with a marble surround.
The kitchen is 25 feet with an 8 foot island that seats three.
It has green cabinets and granite counter tops.
There’s a custom butler’s pantry and a powder room nearby.
Two of the bedrooms have en suite bathrooms including the primary suite which also has a walk-in-closet.
There’s also an additional room which could be used as a family room.
The apartment has washer/dryer in the unit and there’s space pac cooling. Rental parking is nearby and the listing is offering 6 months free. It also says the parking is $100 a month.
This property is a rare mid-rise with multiple walls of windows.
Originally listed at $725,000, it has been reduced to $699,900.
It sold in 2006, at the height of the housing bubble, for $690,000.
Is this building finally back to peak pricing?
Maureen Murnane and India Tougne at @Properties have the listing. See the pictures and floor plan here.
Unit #5: 3 bedrooms, 2.5 baths, 2735 square feet
- Sold in March 1996 for $168,000
- Sold in February 2000 for $308,000
- Sold in May 2004 for $665,000
- Sold in July 2006 for $690,000
- Sold in September 2013 for $450,000
- Originally listed in July 2020 for $725,000
- Reduced
- Currently listed at $699,900
- Assessments of $1506 a month (includes heat, gas, cable, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $9323
- Space pac cooling
- Washer/Dryer in the unit
- No parking- rental in the neighborhood
- Wood burning fireplace
- Bedroom #1: 17×12
- Bedroom #2: 16×11
- Bedroom #3: 11×8
- Living room: 19×15
- Family room: 19×15
- Dining room: 17×12
- Kitchen: 25×12
- Foyer: 10×8
- Gallery: 12×5
Hard to call that office a bedroom.
Nice place, but it’s a 2br+office, not a real 3 bedroom.
Yup. If there’s not even room to put in an IKEA wardrobe, it’s not a bedroom.
Very beautiful apartment, nicely updated, and with a reasonable HOA for a 2,750 sq ft unit with most utilities included.
It’s too bad the original architect didn’t make the family room/library/second living room a little smaller, and the third bedroom rather larger, and make the half bath a full one.
The taxes are are rather high- should be more like $7,000.
I like how the Chud left the soot on the fireplace with the photoshop
Not bad but after going thru the headache of remodeling the kitchen, thats what the settled for?
As is this is a pass at roughly $1MM equivalent
I suppose the super-small third bedroom was once a dining room, and the family room once a living room, as two units were combined to make this one unit. Seems like a 5 room 2 bed 1.5 bath was combined with a smaller 4 room 1 bath to make this large unit, but since I’ve never seen the whole floor plan, I’m just guessing.
Looks like crib chatter took a look at the unit above two years ago: http://cribchatter.com/?p=25472 Listing has floor for the north part of the condo. Can’t find a floorplan for any south units.
“The taxes are are rather high- should be more like $7,000.”
If it sells for the ask, they should be “more like” $14,000.
Property taxes in Chicago are ~2% of assessed value, not 1%.
Layout of the originally full floor units is quite a bit different.
No floorplan, but you can see that the kitchen is ‘behind’ the dining room, which is behind the living room in #8:
https://www.redfin.com/IL/Chicago/707-W-Jr-Ter-60613/unit-8/home/113093056
anon,
Residential taxes are computed at least in part, on your land footprint, and a unit in a multi-family building occupies much less land than a comparable detached dwelling.
And your assessed value is 10% of the fair market price. Only newer construction is supposed to pay 2% of the market price- older dwellings are usually taxed at 1% of the market price.
Personally, I believe that property taxes should be based on the value of the land, not on any improvements on it, the “improvements” being the buildings standing on it. This is how property taxes were originally conceived. Since land on the near north side is vastly more valuable than, say, land on the far south or west side, for example, a condo would still pay far more taxes than a nearly valueless house in the most distressed neighborhoods, but it would pay far less than a detached house with the same square footage standing on a city lot, or 3 city lots like some Lincoln Park mansions. Taxing land only would encourage more efficient use of the land, and the infrastructure the taxes support, while discouraging sprawl.
“Residential taxes are computed at least in part, on your land footprint”
No, they are not.
The *assessed value* is computed in part on land.
“Only newer construction is supposed to pay 2% of the market price- older dwellings are usually taxed at 1% of the market price.”
STOP WITH THE BULLSHIT!! This is completely false.