I Confess- I’m In Love With The Manor House in Edgewater: 1021 W. Bryn Mawr
There are few buildings with the uniqueness and the grandeur of The Manor House at 1021 and 1031 W. Bryn Mawr in Edgewater.
Built in 1908, in the Tudor Revival style, it has 16 units. It’s located in the Bryn Mawr Historic District and is on the National Register of Historic Places.
Some of the units, like this 3-bedroom currently on the market at 1021 W. Byrn Mawr, have turret rooms.
This 3-bedroom is the largest and also the most expensive unit currently on the market. The other units are at 1031 W. Bryn Mawr and consist of:
- Unit #2C: 2 bedrooms/1 bath, 1344 square feet listed at $250,000 plus $25,000 for parking
- Unit #2A: 2 bedrooms/1 bath, 1430 square feet listed as a “short sale” at $185,000– under contract (and if you want to see what the dark woodwork and beamed ceiling looks like painted white watch the YouTube video here– caution piano music. Those of you who always argue you should NEVER paint the woodwork – what say you now???)
This 3-bedroom has a bunch of the original features including a marble wood burning fireplace, stained glass windows, the original wood beamed ceiling, hardwood floors and a dining room in the turret.
The kitchen, however, is one of the smallest rooms in the unit at just 10×7.
It also has the modern amenities buyers look for including central air, washer/dryer in the unit and deeded parking available for $30,000.
The listing says there are new windows.
Originally listed in April 2012, it has been reduced $10,100 to $339,900.
What’s North Side big vintage selling for these days?
Ann Clements at Chicago Real Estate Resources has the listing. See the pictures here.
Unit #2A: 3 bedrooms, 2 baths, 2200 square feet
- I couldn’t find any sales history on the property- it is mysterious
- Originally listed in April 2012 for $350,000
- Reduced
- Currently listed at $339,900
- Assessments of $388 a month
- Taxes of $5402
- Central Air
- Washer/Dryer in the unit
- Deeded parking extra $30,000
- Bedroom #1: 19×13
- Bedroom #2: 14×13
- Bedroom #3: 15×13
- Kitchen: 10×7
I love this building, too, and I like the location on Bryn Mawr, close to the beach, the el, and an array of restaurants, plus a beautiful new Dominick’s at Foster & Sheridan. However, I have a lot of doubts about the public schools in the area.
The apartment is beautiful and the rooms are large, but the baths and kitchen need help. I believe the price of $335K is a little high, given that a 2600 sq ft apartment that is in much better condition, at the beautiful Renaissance, 5510 N Sheridan, has been on the market for nearly a year at $232K. And $250K is far too much for the 2 bed 1 bath. I was eyeballing the slightly larger 2 bed 1 bath at $185, which has been for sale for nearly a year and is now under contract, and have a hard time believing that the other can sell for $65K more.
$250K would be about right, I believe.
The wainscoting and built ins are nice in the 2br, but I like natural finishes the 3-bedroom with more natural finishes better, though I would prefer a warmer tone on the floors.
Speaking of short sales, Naked Capitalism had a post today on how short sales and foreclosures are treated equally for FICO purposes. Why would anybody bother going through a short sale?
http://www.nakedcapitalism.com/2012/09/on-ficos-dubious-explanation-of-why-it-treats-short-sales-the-same-as-foreclosures.html
Short sales stay on the credit report for 7 years. Foreclosures for 10 years. Short sales give some closure ie a real move out date whereas foreclosures linger, especially if you have assessments. Some people benefit for short sales but not everybody.
hd, from what I’m seeing, it’s the other way around for short sales vs foreclosures.
Friend of mine is looking for a large place with 3-2 in Rogers Park. I spotted a beauty that is a short sale. However, the seller will not grant access to the apartment, and the frustrated listing agent will not even try to show it as a result of his lack of co-operation. It looks for all the world to me like what the “owner” is trying to accomplish is to stall the process, and squat until the place forecloses, which could be another year and give him lots of rent-and-payment free squatting time. I’ve been seeing a lot of “short sales” like this, with an unco-operative seller who is maybe hoping mana will fall from the heavens and cure his mortgage, or maybe just figures he can live payment-free for a couple of years.
“Those of you who always argue you should NEVER paint the woodwork – what say you now???”
I still say evil people paint woodwork. Not saying it doesn’t look nice painted it would just look better NOT painted.
in a small cramped dark space painting the woodwork will visually make it seem more open and have an effect of more natural light. but in a space big like this i say its evil
Looking at the floorplan is the 3rd bedroom accessed only through the second bedroom? thats kind of funky
Laura, that’s the exception, not the rule. Most properly priced short sales go under contract quickly.
This place is beautiful! I’m not a fan of the neighborhood, but this place is gorgeous. The assessments seems artificially low though. I would be concerned about deferred maintenance.
Tudor Revival is just gorgeous! Love the living room and turret. Downsides = the kitchen’s painfully tiny and dated (how easy is it to renovate a kitchen in this type of condo situation?), the 3rd bedroom’s really an office (does it even have a closet? I couldn’t see one on the plan), and the location’s not my favorite. That el stop always seems dodgy to me, but I’m awfully picky.
I still say DON’T paint the wood!
I’ve also seen a lot of ‘short sales’ that weren’t really for sale as far as the seller was concerned, it was just a tactic to keep the bank happy while they squirreled away more cash. One even had a ferret roaming loose in the house when we went to view it!
“Benjamon9 (September 26, 2012, 12:49 pm)
I still say DON’T paint the wood!”
Word. It looks so damn boring with the painted trim. What is the point of living in a “castle” and then treating it like some generic Lakeview 2/2 on the inside?
“What is the point of living in a “castle” and then treating it like some generic Lakeview 2/2 on the inside?”
Exactly! If I wanted a McCondo Crapbox, I’d buy one, but I like vintage and to me vintage means “dark” wood trim. The “dark” trim is usually around windows which do let in light….
I had a friend who lived here for many years and it is a total Money Pit! Special Assessments one right after another.
I’ve heard the same about the special assessments in this building. That is because it was never updated as it should have been in the first place.
This building was never properly rehabilitated when it was converted in the early 80s. It had been very mistreated, and the condos were in bad condition, and very overpriced for both that time, and for the neighborhood, which in the 80s was completely and totally terrible- you wouldn’t even enter it during those years. It was part of the notorious “Winthrop Corridor” of drugs, crime, and blight. The only decent places to live were the high rises on Sheridan Road. This building was taken over by low-income renters, and there were frequent fires and “incidents” in it. In the 90s, the area improved quickly and dramatically, and this building became desirable again.
The “Winthrop Corridor” of drugs and crime still exists as the recent shooting demonstrates ( http://spotcrime.com/crime/33309913-da1bfe3adc55fa96a47177a6c0878086 ). The low income renters returned with section 8 vouchers.
In my opinion, painting woodwork is a mark of disrespect. It’s something that people do before they have respect for vintage stuff. As someone who’s stripped a lot of vintage woodwork, I really hate it when I see vintage trim painted over. If you want to paint wood, buy some pine from Home Depot and go crazy – get it out of your system – but leave the vintage woodwork alone.
” Why would anybody bother going through a short sale?”
After 12/31/2012, ten days after the end of the Mayan calendar event, there is _zero incentive_ to.
Short sale debt forgiveness tax break ends then. And it’s uncertain whether it will be reinstated as of now (current odds I read are 60/40 in favor of).
Here’s to hoping those asshats get stuck with the tax bill for their debt forgiveness. It’s about time some financially irresponsible people got tax consequences related to their idiocy.
“Short sale debt forgiveness tax break ends then. And it’s uncertain whether it will be reinstated as of now (current odds I read are 60/40 in favor of).”
I don’t think many people realize that this law was changed during the financial crisis and there’s a possibility it might not be renewed. I’ve heard some talk that they will let it expire only to re-new it once the new Congress convenes. But what a mess that will be! Will they retroactivate the law back to cover those who sell in a short sale from Jan 1st through to when it is renewed? I wonder.
If you’re not already in a short sale situation (as a seller) and have an offer at your bank- you’re probably out of luck. You may owe taxes on the difference between your mortgage and the short sale price. Yikes!
“hello, I Was wandering if any one has lived in the manor building on Bryn Mawr,”
Has anyone lived in the Manor House in Edgewater? Please tell us.
Im very interested in the condo building 1021-1031 Bryn Mawr. Does anyone one if a 2 bedroom is coming on the market, my husband and I are very interested.