Hate Assessments? This 2-Bedroom Lincoln Park Townhouse Has None: 1005 W. Dickens
This 2-bedroom townhouse at 1005 W. Dickens in Lincoln Park came on the market in October 2018.
Built in 1984, this is a group of 6 townhouses plus detached garage parking.
The picture above is of 1003 and 1004 W. Dickens. You can see the start of 1005 on the far right of the picture.
It has a split floor plan with the master suite on the third floor with vaulted ceilings, a bathroom and a deck.
The second bedroom is on the second floor.
The living room and kitchen are on the main level with a family room on the lower level.
The kitchen has cherry cabinets, stainless steel appliances and granite counter tops. There’s also a fenced in patio off the kitchen.
The listing says there’s a “new furnace and water heater” as of Oct 2018.
It has central air and there is one detached garage parking space included in the price.
It’s just a block away from the shops and restaurants on Armitage and is only a block away from the brown line El stop.
This is a fee simple townhouse. That means there are NO assessments.
The owner must maintain the property themselves.
This townhouse has been under contract once since it was listed but has now been reduced $9900 to $515,000.
Without any assessments, and at a price under $520,000, is this townhouse a deal?
Deborah Ryder at American International Realty has the listing. See the pictures here.
Or go see it at the Open House on Sunday, Dec 9 from 12 – 2 PM.
1005 W. Dickens: 2 bedrooms, 2 baths, no square footage listed, townhouse
- Sold in February 1990 for $230,000
- Sold in May 1991 for $235,000
- Sold in July 1999 for $330,000
- Sold in June 2006 for $510,000
- Sold in August 2011 for $440,000
- Originally listed in October 2018 for $524,900
- Under contract
- Reduced
- Re-listed at $515,000 (includes 1-car garage parking)
- No assessments- fee simple
- Taxes of $9115
- Central Air
- Wood burning fireplace
- Bedroom #1: 15×14 (third floor)
- Bedroom #2: 15×10 (second floor)
- Family room: 17×16 (lower level)
- Patio: 14×16
How does that work? The association should have insurance and what about any roof repairs?
Not only the roof – – what about exterior maintenance? What if your neighbor decides to paint their cedar shakes neon yellow? Surely there IS actually an association here.
Lot Information
Dimensions: COMMON
Something doesn’t make sense.
“What if your neighbor decides to paint their cedar shakes neon yellow? Surely there IS actually an association here.”
There may be an association but it’s not being used to maintain the exterior of the townhouses.
You’ll notice in the listing picture of the front of the property, that the two entry doors are painted the same light shade of blue. They obviously coordinated.
In the Cribchatter picture of the corner unit that was taken 6 years ago, the two front doors are not only different, but they are different colors.