Lakeview 3-Bedroom Penthouse Listed 19% Off the 2007 Price: 3144 N. Lincoln
This 3-bedroom penthouse at 3144 N. Lincoln in Lakeview just came on the market.
It has 2350 square feet on one level.
The unit has Brazilian cherry floors and extensive millwork.
The kitchen has walnut cabinets, limestone counter tops and upgraded appliances by Miele and Dacor.
The unit has a full-sized side-by-side washer/dryer.
The stairs you see in the pictures lead to the private 23×99 rooftop deck.
There’s central air and garage parking.
The unit came on the market listed 19% under the 2007 purchase price at $589,000.
Is this property priced to sell?
Judi Newbold at Koenig & Strey Real Living has the listing. See the pictures here.
Unit PH: 3 bedrooms, 2.5 baths, 2350 square feet, garage parking
- Sold in February 2004 for $615,000
- Sold in October 2007 for $725,000
- Currently listed for $589,000
- Assessments of $208 a month
- Taxes of $11026
- Central Air
- Full sized side-by-side washer/dryer
- Bedroom #1: 23×18 (main level)
- Bedroom #2: 12×12 (main level)
- Bedroom #3: 13×13 (main level)
- Rooftop deck: 23×99
Not to say it wasn’t way overpriced when bought in 2007, but why do you think they are willing to start it out at a 19% drop, its unusual relative to most sellers.
I see this on redfin
Nov 06, 2007 Sold (Public Records) $362,500 — Public Records
That location is terrible and it’s above a store, that’s why they are asking 19% below 2007. This will probably not sell but if it does it should be below 500k.
Looks like the unit below it sold for $465k recently (feb 2012) after originally selling for $645 in Nov 2005. Similar size, less of a deck, makes sense now.
“Similar size, less of a deck, makes sense now”
Almost like it better, bc of the deck being more accessible and (more importantly) floor area not chewed up by the stupid double stairs to the roof. Big neg is being the sandwich floor, and the deck being thru the master–if I were taking it from raw space, I’d flip the layout, so the master suite faced the street, and the living room faced the gator deck.
I really like this unit, although I am not a fan of being on Lincoln, nor being upstairs from commercial space. Considering the lower unit sold for $465k and 3 bedrooms in the building on the corner have sold in the $400’s somewhat recently I don’t think this is too bad of a starting price for this unit. However, I think it will have to close at $525k or lower, most likely after a price reduction or two.
If this unit weren’t on Lincoln nor in a building shared with commercial space, I’d think $589k would sell it quick.
Please stop referring to properties like this as penthouses. Its a 3-4th floor walkup over commercial space. Nothing penthouse about.
The interior is surprisingly nice, but being on Lincoln, above a store, is going to turn a lot of people off.
* 2,300 square feet all on one level
* Roof deck is 23 x 99 = 2,277 square feet
Does this mean that there is a 23 square foot hole in the roof?
Why is being over a bicycle store so horrible? As long as it’s not a restaurant/bar I don’t care. One less potential neighbor to throw a party keeping me up all night.
“As long as it’s not a restaurant/bar I don’t care”
Restaurant in the one-story building next door.
The store’s signage is tacky. Terrible curb appeal.
does the master bedroom have a door? The MLS listing really needs a floorplan.
“does the master bedroom have a door?”
Looks like the door to the extreme left of the pic is the door to the hall. The view down the hall is from right in front of that door loking to the front stairs up.
I love this unit! Too bad it’s above a store and too bad it’s out of my price range…
great looking place…somewhere closer to 525 and it will sell fairly quickly. This stretch isn’t that bad and I would not mind at all being above a bike store.
The restaurant next door has been closed for going on 6 months or so, that space seems to be a killer as it has rotated through at least 6 places over 10 years or so.
“Looks like the door to the extreme left of the pic is the door to the hall. The view down the hall is from right in front of that door loking to the front stairs up.
Rating: -1 (from 1 vote)”
Really? Which do you disagree with? That the door from the hall to the bedroom is in the bedroom pic on the left, or that the hallway pic looks straight at the front stairs up? Where does that door lead to, if not the hall? Is the hall pic facing the reat of the unit?
“Really? Which do you disagree with? ”
I thought only miumiu complained about ratings.
“I thought only miumiu complained about ratings.”
I just want to find out what the different opinion on the door and the hallway pic are–I looked again and can’t figure out an alternative.
I think there’s 2 separate sets of stairs. One of them has a picture that says Barolo on it (next to the kitchen); the stairway in the master bedroom appears to have different art.
“I think there’s 2 separate sets of stairs.”
There are *definitely* two sets of stairs–you can see the tops of them on the aerial–to meet the code requirement for two means of egress for a roof deck.
Living above a store is more of a complaint than living on Lincoln itself, in general? Never mind on Lincoln right by the jumbo Belmont/Ashland/Lincoln intersection.
Yeah, ok.
This would be a much more attractive apartment if the kitchen were enclosed, and if the staircase were better-looking. I believe the fad for open kitchens will pass, especially in larger places like this.
There isn’t nearly enough cabinet space in the kitchen for the family of 3 or 4 that would occupy this place.
Agree the location is not great- over a store on a noisy commercial strip.
I don’t mind being on Lincoln, I don’t mind being above a commercial front and the interior is surprisingly nice… that said, this building is painfully ugly and the unit is overpriced by a solid $75K.
Agree with A Local. This is not a penthouse and too many properties are labeled as such on this site. Now 1500 N. Lake Shore – that’s a building with a true penthouse.
Nice looking interior and deck but the bike store, its ugly sign and the crappy exterior kill this for me.
Perhaps positive comments are due to Barbara Barry/Baker interior of dark polished furniture, “chef’s kitchen”, and extensive glossy white molding. Interior, in realtor parlance, “shows well”. But it’s another spec-built condo with added misfortune of storefront location on a very busy street with a busy alley near a very busy major intersection. $400,000, at most, in value. Buyer will be seduced by interior, enough to ignore what lurks beyond front door and back door, and grossly overpay. (Please do a careful home inspection, because this condo type is notorious for low quality materials and shabby construction practices – can’t tell from the photos alone.)
“Penthouse” label for a unit in a 3-story storefront is oxymoron. Apartments above the store were once the provenance of low-income families and new householders with poor credit.
Things change