Live in the Heart of Old Town in a 2-Bedroom Duplex Down: 1760 N. Wells
This 2-bedroom duplex down at 1760 N. Wells in Old Town just came on the market.
This is vintage building but it doesn’t say when it was built. It has 13 units and a common, shared deck.
This unit has some vintage features including wainscoting and crown molding.
There’s a gas fireplace in the living room and what look like pocket French doors for the second bedroom.
It has a split floor plan, with the master suite duplexed down, via a spiral staircase, and the second bedroom on the main floor.
The master suite has a walk-in closet and en suite bath with double vanity.
There’s also an open office space that is next to the stairs (as seen in the 2013 listing pictures which also has a floor plan).
The kitchen has white cabinets, granite counter tops and stainless steel appliances.
This property has the features that buyers look for including central air and a “new” full-sized washer/dryer but there’s no parking with the unit.
It’s located on one of the most popular restaurant streets in Old Town, literally ON Wells Street.
Is this location a big selling point with Millennial and GenZ buyers?
Kathleen Coyle at @Properties has the listing. See the pictures here.
Unit #1B: 2 bedrooms, 2 baths, 1500 square feet, duplex down
- Sold in March 1994 for $79,500
- Sold in August 2010 for $338,500
- Sold in April 2013 for $420,000
- Sold in September 2016 for $520,000
- Currently listed at $549,000
- Assessments of $444 a month (includes lawn care, scavenger, snow removal)
- Taxes of $9875
- Central Air
- Washer/dryer in the unit
- No parking
- Bedroom #1: 16×14 (lower level)
- Bedroom #2: 12×9 (main level)
- Living/dining room: 14×21 (main level)
- Kitchen: 12×7 (main level)
- Laundry room: 3×3 (main level)
Spiral staircases are for lighthouses or getting to the underground grotto where you keep your launch- not master bedrooms.
Why is there a picture (#13) of a psychiatrist’s office lobby?
MBR is in the basement, nice job by the realator stating both BR’s are above grade. Ceramic tile in the basement MBR is going to make for some cold floors
Nice that the went full height with the tile in the 2nd Bath, not sure why one would put crown in the shower area
Common deck in a no go
Is the New sign of a HAWT ™ market to buy a place, live in it for 3-5 years and sell at a break even w/ realator fees?
$550K is a lot for a 2/2 with no parking or private outdoor space. $3200 all in for a 2/2 with no amenities really to speak of AND that estimate assumes 20% down (no MIP), so you are parting ways with a six figure downpayment that you may never see again for some time.
I like this unit for a young or young at heart couple – and I love the location with proximity to the lake and transit – but I just don’t think it competes with renting a swanky new construction apartment or someone’s updated condo in the same area. I am guessing they want to move because that spiral stair is getting old, especially in the middle of the night when the kid is crying because the kid is constantly getting woken up from street noise on Wells…even in the 1700 block I have to believe there is street noise into the evening. In fact I cannot believe the frequency with which this unit sells except for the 1994 purchaser, what on earth are people thinking when they buy a place like this just to sell three years later? No concept of the future or how much transaction costs eat at your profit because they are all first time home buyers and don’t realize the seller pays that stuff?
“No concept of the future or how much transaction costs eat at your profit because they are all first time home buyers and don’t realize the seller pays that stuff?”
Assuming the ’94 buyer did the updating, everyone until now has come out ok. These guys are going to lose money, tho.
“Assuming the ’94 buyer did the updating, everyone until now has come out ok. These guys are going to lose money, tho.”
I am guessing it was the 2013 buyer that did the updating. They had to be on a pretty strong financial footing to purchase when they did. The economy was just then thawing out. I could be wrong though. Doubt it was the current owners who couldn’t bother to hem the drapes in the bedroom.
Assuming the ’94 buyer did the updating, everyone until now has come out ok. These guys are going to lose money, tho.
2009/2010 listing has the old kitchen. 2013 listing has the new kitchen.
” the 2013 buyer that did the updating”
I’m a total dope–the RF listing has the ’10 listing pix and the ’13 listing pix available. It was the ’10 buyer who did the update.
So, ’10 seller killed it, ’13 seller got full ask (contingent in a week), so had to do ok, ’16 seller got full ask (contingent in 2 days), so did quite well, and now in ’20 the carousel will stop.
I can’t imagine paying 1/2 a million bucks for a busy street-front (WAY too easily accessible for intruders) nursery, and to sleep in a basement.
Not to mention, the inability to do just about anything during naptime, as nursery is connected to main living space by double doors.
Cool – -not logged into Redfin on this ‘puter so I didn’t even try to see old listing photos.
while this is on wells, it is
1) on the nicer more residential part of wells
2) it’s in a good school district
3?? is this considered OTT?
“is this considered OTT?”
The Triangle is North Ave, Clark St, and the former Ogden right of way. So yes.