Have Prices Topped Out in West Town? A 2-Bedroom at 925 N. Wolcott
This 2-bedroom duplex up at 925 N. Wolcott in West Town came on the market in March 2018.
This modern building was constructed by Studio Dwell and Ranquist Development in 2004.
It has 9 units and a parking garage.
This 1700 square foot duplex has 19 foot ceilings and a floating staircase.
The kitchen has Italian Arclinea white cabinets along with luxury stainless steel appliances by Miele and Subzero.
One bedroom is on the main floor with the master bedroom on the second floor.
There’s also a family room or office on the second level.
If you like outdoor space, this unit has it in the form of a 27×15 private patio with concrete walls.
It has central air, washer/dryer in the unit and garage parking is included.
Originally listed in March for $625,000 it has been reduced $26,000 to $599,000.
The unit last sold just 3 years ago for $572,000.
West Town has been one of the hottest neighborhoods during the housing recovery but have prices on some properties peaked?
Steve Meyer at Redfin has the listing. See the pictures and floor plan here.
Unit #103: 2 bedrooms, 2 baths, 1700 square feet, duplex up
- Sold in April 2004 for $450,000
- Sold in September 2007 for $565,000
- Sold in June 2015 for $572,000
- Originally listed in March 2018 for $625,000
- Reduced
- Currently listed for $599,000
- Assessments of $319 a month (includes lawn care, scavenger, snow removal)
- Taxes of $10,505
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 14×14 (second floor)
- Bedroom #2: 11×10 (main level)
- Family room/Office: 16×11 (second floor)
Great Architect. Worked with Mark on a project and it turned out great. He has a great eye for modern design.
As for West Town being topped out I’d say no. I think that people are being more patient in this market. Especially when it is with short term run up on sales from 2-3 years ago. My old loft was attempted to be flipped after 2 years with a 40% gain. That aggressive ask failed miserably and it was pulled from the market.
How many times can a guy say “great” in one paragraph?
Prime example of proofreading after the post.
TONY THE TIGER SEZ THEY’RE GREAT!!!! LOLZ!
GO CUBBIES IN DA SNOW DAZE!!!!!!!!!!
This might be 1700 sqft if they are including the outdoor space…
gotta love the painted cinder block back wall in the loft area with the freakin conduit for the light switch and the unfinished metal box like in an unfinished basement or something
cheap track lighting, I wonder if these doors are the balsa wood feeling specials (birch laminate over cardboard) that my CMK place used to have
I’m sure someone will buy this over ask though because it looks way more modern than most of the crap thrown up since 2000
Sorry to say that I do believe prices have plateaued in Ukrainian and East Village. I mostly pay attention to SFH prices and teardowns and I haven’t really seen any appreciation in the last year or so.
This place isn’t bad. It is an odd mishmash of styles though. It wants to be modern but you can kind of tell around the edges it was an early 2000s construction because of some of the tile / granite and other choices.
“This might be 1700 sqft if they are including the outdoor space…”
AND double counting the volume LR.
Didn’t we talk about this place last time it was on market? Looks like Bin Laden’s compound.
and oh yeah this is a duplex down basically with the living area in the down part
“Didn’t we talk about this place last time it was on market?”
I think that was the sister unit last time.
“Sorry to say that I do believe prices have plateaued in Ukrainian and East Village.”
Thanks for the update Gary. It seemed like it but I only have anecdotal evidence of it (just by looking at the listings that are coming on and that we’ve chattered about some of them in the past.)
But it seems like the big gains are over, for now, in this neighborhood and that the hotness has shifted south to Fulton Market and the West Loop or north to Logan Square and Avondale.
That so-called deck reminds me of our basement window-well. Wonder if it fills-up with rainwater too, given the many “100-year rain storm events” we seem to get now every year.
I wonder if it does fill up with rain water. Obviously it’s winter, but that patio doesn’t even have evergreens in it. It doesn’t look like it’s used at all. The other concern I would have is someone jumping down into the patio from the street. A lot of privacy to break in after that.
“Wonder if it fills-up with rainwater too”
I can see at least 1 drain although the paver in which it’s installed in (under coffee table) has some issues.
“the paver in which it’s installed”
Probably popped it up to see why the drain doesn’t drain, and the plumber who did it said “you need to get a mason to put that back” and so there it sits.
Hopefully they rodded out the drain line at least.
I toured the 2/2 above it a few weeks ago. The units just look dated. They are 14 years old. We also have to remember that this is listed by Redfin. I’m noticing their listings always seem high, with the final contract price well below.