Get a 4-Bedroom Tudor at 36% Off the 2007 Price: 1800 N. New England in Galewood
This 4-bedroom vintage tudor single family home at 1800 N. New England in Galewood has been on and off the market since February 2008.
In that time, it has been reduced $196,000.
It is now a short sale.
The listing calls it a 3 bedroom but then lists it as a 4 bedroom (because one of the bedrooms is in the basement.) But I’m going to call it a 4 bedroom.
Two of the other bedrooms are on the second floor with the third on the main level.
The 1800 square foot house was built in 1939 on a 30×125 corner lot.
It has hardwood floors throughout the first level and a wood burning fireplace.
The kitchen has maple cabinets, a center island and white appliances.
The house has a turret entryway, a 2-car garage and central air.
Is this a good starter home for the neighborhood?
Leslie Rodriguez at ERA Reallife Realty has the listing. See the pictures here.
1800 N. New England: 4 bedrooms, 3 baths, 1800 square feet, 2 car garage
- Sold in June 1993 for $132,500
- Sold in July 2007 for $470,000
- Originally listed in February 2008 for $495,000
- Reduced numerous times
- Lis pendens foreclosure filed in May 2011
- Currently listed as a “short sale” for $299,000
- Taxes of $4892
- Central Air
- Bedroom #1: 15×12 (main level)
- Bedroom #2: 14×12 (second floor)
- Bedroom #3: 18×10 (second floor)
- Bedroom #4: 15×17 (lower level)
- Family room: 16×12 (main level)
I think this is a deal. The location of this house is magnificent, right in the heart of Galewood. Granted, you can’t walk to an el stop, and the Metra is about a 1/2 mile away, but this is a great location and neighborhood to raise a family. Safe, friendly, etc. Galewood houses have great bones.
I don’t know about price, but this is a nice middle class residential neighborhood. When I lived in Oak Park, I’d frequently ride my bike through the neighborhood. And if that elem school is a decent neighborhood oriented school, I would put family in this place.
Well, ok…I think $299K is still a bit high (the 2008 pirce was the froth on top of the bubble…ie crazy), and would bet $240K gets it sold easy.
P0-ten-tial!
Although I gather from the pictures of the one bedroom there is no good way to configure the furniture so it isn’t blocking something.
It’s a nice home although it could use some updates. Will the bank take an offer of $275k or so though, or will they end up owning it and selling it probably for less?
egads hideous!
desperately needs attention thats for sure
In light of this other property in the area, I say less than $250k.
http://www.redfin.com/IL/Chicago/1825-N-Newcastle-Ave-60707/home/13430822
I hate sale signs.
anonny – move to Oak Park. Their banned there. A holdover from efforts to stem blockbusting in the 1960s and 1970s.
That second floor is a joke. Unless you’re a child, I can’t imagine having a bedroom up there.
I am a sucker for this style of house, from the outside anyway. I love turrets.
did someone say turrets?
seems like as good a time as any to break out the old http://www.kingwanted.com
link
should be posted at least once a month for any new readers
“http://www.redfin.com/IL/Chicago/1825-N-Newcastle-Ave-60707/home/13430822”
I’m not surprised that house is under contract. It is an awesome home! I’m glad the buyers were able to see past the wallpapered ceilings. What a nightmare that will be to fix!
“seems like as good a time as any to break out the old http://www.kingwanted.com
link”
This house is a few houses away from me and is NOT characteristic of Oak Brook’s architectural style. We all just ignore it (like the white elephant in the room). Luckily, it isn’t even close to being the biggest house in the area – most houses are actually bigger – so it doesn’t seem so imposing.
That’s good.
I was interested to look up Oak Brook on wikipedia and saw it has a long list of “notable residents”:
http://en.wikipedia.org/wiki/Oak_Brook,_Illinois
Notable Residents
Sports
Chris Chelios, hockey player
Frank Thomas, baseball player, owned house in Oak Brook from 1996 until 2003
Doug Wilson, hockey player
Stan Mikita, hockey player
Other
Joseph Aiuppa, Chicago Outfit leader, deceased
Harry Aleman, Chicago Outfit hit man, deceased
Frank Calabrese, Sr., Chicago Outfit leader, imprisoned
Dominic Cortina, Chicago Outfit member, deceased
Louis Eboli, Chicago Outfit member, deceased
Joseph Ferriola, Chicago Outfit leader, deceased
Dominic Senese, Chicago Outfit leader, deceased
Roma,
The residents of Oak Brook (esp the notables) are very fair and nice people – the public just doesn’t understand and would rather believe hyped up media stories about them – I know them personally and, believe me, they are some of the nicest, kindest, and down-to-earth people around. Seriously, people in Hinsdale, Kenilworth and Winnetka are much meaner and scarier!!!
Roma – totally agree (I hope you are not being sarcastic). I grew up with these types of people and I find it funny that people have such weird thoughts/pre-conceptions of what they are like. In reality, they are just normal people.
STARTER house?
This 1800 sq ft 4 bed 3 bath is as much house as any middle-class family should want or need, and as much as most professional families can honestly afford without mortgaging themselves to their eyeballs.
It’s a beautiful house and needs only a few improvements to be perfect.
I suspect that in coming years, we will return to the smaller homes typical of the 40s and 50s as we return to the underwriting standards of that era, and our younger generations, burdened with massive college debts and deeply imprinted by the fallout of the financial insanity of the past 25 years, revert to the financial conservatism of my grandparents’ generation. Young people in their twenties are already very nervous about their future, and already display a desire to live with less and save more money.