Get a 4-Bedroom Home in Old Irving Park for $248K Under the 2006 Price: 4507 W. Dakin
The listing for this 4-bedroom newer construction single family home in the Residences of Old Irving Park at 4507 W. Dakin in Old Irving Park says it “feels like the suburbs without the maintenance.”
The home is part of an association which will do snow removal (they’re getting their money’s worth this week!) and lawn maintenance for a monthly fee of $100.
It is listed as a short sale and is now priced $248,000 under the 2006 purchase price.
3 of the 4 bedrooms are on the second floor with the fourth in the lower level along side the family room.
Built on a 57×98 lot, it has a 2 car garage.
The kitchen has stainless steel appliances and granite counter tops.
The house has crown molding and hardwood floors.
On the market 10 months, at what price will this house ultimately sell?
Beth Babcock at @Properties has the listing. See the pictures here.
4507 W. Dakin: 4 bedrooms, 3.5 baths, 3480 square feet, 2 car garage
- Sold in December 2006 for $827,000
- Originally listed in April 2010 for $629,900
- Reduced
- Currently listed as a “short sale” for $579,000
- Taxes of $7067
- Assessments of $100 a month (snow removal and lawn maintenance)
- Central Air
- Bedroom #1: 18×13 (second floor)
- Bedroom #2: 19×10 (second floor)
- Bedroom #3: 15×9 (second floor)
- Bedroom #4: 14×10 (lower level)
- Family room: 25×17 (lower level)
first time I’ve ever seen “seller paid x for the house” in the listing description.
certainly looks like the suburbs, Ms. Babcock ain’t lying about that!
on the plus side, right by the train and 6 corners. on the negative side, RIGHT by the train.
“on the plus side, right by the train and 6 corners. on the negative side, RIGHT by the train.”
It has that other row of houses as a buffer. And no street out front.
And kudos to Ms Babcock for taking the pix on a sunny day and turning on all the lights in each room for the pix.
I am a big fan of the area South of Irving, West of 90 and North of Milwaukee and Addison. However this nook within that area is a little too close to the tracks and does not mix well with the historic homes around it. They certainly did bring the suburbs to the city with this cookie cutter development.
For my money I would wait for a double lot vintage a few blocks East of here…
http://www.redfin.com/IL/Chicago/3922-N-Kostner-Ave-60641/home/13459750
Or tear down and build here…
http://www.redfin.com/IL/Chicago/3909-N-Kedvale-Ave-60641/home/13458592
Roma, I think those are freight or metra tracks..it’s proabably not as bad as living up against El tracks.
love the outside, hate the inside
not too bad of a price, but i wonder how prices will hold up over time in this area…my wife really loves some of the houses in this area
zzzzzzzzz
I really like how they did the stairs here. With most Chicago properties having much more legnth than girth I think placing the stairs in that configuration is much better.
Ding it $100k for the absurdly overworked pictures (hey . . . i just found the polarizer feature on photoshop!). Ding it another $100k for the absurd overuse of the two-bold-colors-in-one-room paint scheme. That gets it to $379k, which should get it sold.
This was a warehouse that was torn down in 2005 and the developer, CA, crammed as many homes and townhomes onto the smallest parcel of land as possible and tried to sell these for almost a mil apiece. THere are no alleys, no streets, just a little driveway type thingie in back to park your car. It’s total crap for the neighborhood. There is some scandal related to this, something like the realtor or the developer knows the alderman are related, Idon’t remember exactly. for a neighborhod full of 50×175 lots with large old victorian homes, these homes are totally out of place. The development feels really cramped too. Look at the picture of the yard with the pathetic playset. There are townhomes on 30×30 lots all looking over your backyard. no privacy. This is a bubble development, it should have never been built.
had a friend buy one of these, they are horribly constructed. they’ll be lucky to get 500
Did this actually sell for $827K? The CCRD info based on PIN from redfin is confusing.
Also, HD, do I get a neighborhood school here? I know I’ve asked before, and I’m being too lazy to look up (there is the blizzard after all), but is there a neighborhood elem in OIP that is good?
DZ-
Disney II magnet is nearby so this appeals to someone who has already gotten in there, but the neighborhood school has yet to turnaround. My friend who lives there sends her kids to private
This one:
http://www.redfin.com/IL/Chicago/4512-W-Byron-St-60641/home/18930584
Across the alley just sold for $359k.
Almost 1/3 (1000 sf) smaller, on a 60%+ smaller lot.
“Across the alley just sold for $359k.”
Wow, that’s a big drop from $570K in Nov 2006.
The jungle gym is sadder somehow than any of the crib photos that have been featured on here.
Never understood why someone would buy one of these imitation-vintage crapboxes in this area when beautiful examples of the real thing are just a block away (with substantially larger lots).
it has a gator deck; [but since its not on an alley does the name change]. bring on the snow!
Same percent off for this one would be about $525. Which feels about right to me.
“Never understood why someone would buy one of these imitation-vintage crapboxes in this area when beautiful examples of the real thing are just a block away (with substantially larger lots).”
Have you seen the wiring in a “vintage” home? Or the windows?
If it ain’t reno’d, most people don’t want to deal with it.
“Have you seen the wiring in a “vintage” home? Or the windows?
If it ain’t reno’d, most people don’t want to deal with it.”
True, but given the likely quality of construction on these, I’d take my chances with old wiring. OIP is a beautiful area — these are like a bad imitation set next to the real thing.
The local elementary belding is OK not great. Passable for k-3 I dont know beyond that. TThe oipa newsletter has the buzz at belding page and it seems like an active school
HD is right…no alleys,no space,just a bunch of crap-boxes jammed in as little space as possible.ick.
i’d rather have one of the nice old houses over there.most of *them* have been re-habbed by now anyhow.
costly assumption [work being done/ done properly] .
‘i’d rather have one of the nice old houses over there.most of *them* have been re-habbed by now anyhow.’
Most people who renovated their old victorians (or italianates in some cases) spared no expenses. I wouldn’t be so concerned about the work being done right or properly. This isn’t albany park with the pick up truck contractors
here’s a webpage for someone who spared no expense renovating their home. I toured it on the hosue walk a few years ago
http://chicagomoneypit.com/
That’s awesome, HD! I know that house well (at least from the outside). I lived near there when they bought it and saw some of the work they were doing — thanks for the peek inside!
“The CCRD info based on PIN from redfin is confusing.”
You cannot assume Redfin’s PIN info (or prior sales info) is correct. I would say it is probably accurate about 80% to 85% of the time. Otherwise, the only sources to trust are the public records (and even sometimes they get it wrong too.)
We actually live in a CA Development house, but in a much better location. Works for us because we have a pack of kids and need the space, plus we have a decent neighborhood school. Quality is pretty decent (much better than our beautifully finished condo McCrapbox in Wicker Park I paid way too much for), but the developer really cheaped out on finishes if you didn’t specifically request and pay for them. I probably paid too much for this house too, but I’m not looking to sell it anytime in the near future.
To CA Development’s credit though, after 6 years, I learned that the installation of our undermount stainless kitchen sink was FUBAR, and I called and raised hell with the developer and they came and reinstalled it correctly — AFTER 6 YEARS.
The “scandal” with the CA Development homes is the fact that the realtor is Alderman O’Connor’s wife.
“The “scandal” with the CA Development homes is the fact that the realtor is Alderman O’Connor’s wife.”
Ah the original Chicago Code
Under contract