Looking For An East Lakeview 3-Bedroom With Parking Under $315K? 3808 N. Pine Grove In Lakeview
This 3-bedroom vintage unit at 3808 N. Pine Grove in Lakeview has been on and off the market since March 2011.
The building was constructed in 1912 and the unit still has some of its vintage features such as a coffered ceiling.
In addition to the three bedrooms, it has the perferred layout of 2 bathrooms (instead of 1) and a separate dining room.
The kitchen has a granite island, cherry cabinets and black appliances.
It also has washer/dryer in the unit, a parking space and a private deck.
There is no central air, however. There are window units.
This property was just reduced $10,000 and is now listed $40,100 under the 2006 purchase price at $314,900.
Given the low inventories, will this unit finally be snatched up at this price?
Amy Diamond at Coldwell Banker has the listing. See the pictures here.
Unit #2N: 3 bedrooms, 2 baths, no square footage listed
- Sold in July 1988 for $99,500
- Sold in March 1994 for $159,000
- Sold in September 1996 for $185,000
- Sold in October 1999 for $253,000
- Sold in February 2002 for $271,000
- Sold in September 2006 for $355,000
- Originally listed in March 2011 (I couldn’t find a list price)
- Reduced
- Was listed in October 2012 for $324,900
- Reduced
- Currently listed at $314,900 (parking included)
- Assessments of $363 a month (includes heat)
- Taxes of $5365
- No Central Air- window units only
- Washer/Dryer in the unit
- Bedroom #1: 11×13
- Bedroom #2: 11×8
- Bedroom #3: 10×11
- Dining room: 10×15
Forget this place, buy ours down the street instead! You really want to be south of Grace anyway. The school sucks and we don’t have a/c and we rent parking, but it’s gorgeous! Vintage! Hardwood floors! Bigger! Come ON!
“East Lakeview”?
Sold in July 1988 for $99,500
Sold in March 1994 for $159,000
Sold in September 1996 for $185,000
Sold in October 1999 for $253,000
Sold in February 2002 for $271,000
Sold in September 2006 for $355,000
The march upwards in price correlates with the steady march downward in interest rates. http://bit.ly/T5Nb6Q
Again I ask, what will happen to housing prices when interest rates rise? How can it be nothing??
The Fed has no chance of tightening, it cannot, without bankrupting the entire RE world.
I don’t know. I recall buying a place in 1997 and interest rates were pretty high – around 7.5%.
““East Lakeview”?”
It what way is that even questionable?
“Again I ask, what will happen to housing prices when interest rates rise? How can it be nothing??”
Why/how would interest rates rise without inflation? How do we get meaningful inflation without some (laggiing in real terms, undoubtedly) nominal wage inflation? If, by magical fiat, nominal wages were doubled, along with the prices of *all* things except real property assets, there’s suddenly no issue with a “real” nominal price for this unit at 1995 level, and 7.5% mortgaeg rates, right?
not following that…can you rephrase it?
Seems like a good pick up at around 308 or so. Nice enough place with three real bedrooms and parking, which is essential in this area.
The facade of this building is HIDEOUS and nasty dirty, this building is a horrible eyesore on this block
“can you rephrase it?”
I don’t see how mortgage rates move much w/o ‘inflation’.
I don’t see ‘inflation’ not coupled by (lagging–ie, still real value eroding) nominal wage inflation, too.
I do see inflation, if it comes, not dragging nominal house prices with it much (ie, repeat of 70s-80s inflation).
(assume magical USD revaluation happening …. *now*) wahla, $355k condo, recently 7x median income, becomes $355k condo, 3.5x median income, and “affordable” to “typical, likely” buyer, even with 7% mortgage rate.
obv, no magic immediate transformation, but over 5 years of moderate inflation, even with slightly eroding real $ wages which are increasing in nominal terms, it balances out somewhat. Won’t be smooth or pretty, but don’t see 7% mortgage rates without some amount of inflation/USD devaluation.
“””East Lakeview”?”
It what way is that even questionable?”
Correct name is “Lake View East”
“The facade of this building is HIDEOUS and nasty dirty, this building is a horrible eyesore on this block”
This^^. I think anyone who sees this place in person will be very disappointed when they pull up. I’m actually surprised to learn that these are condos and not rental apartments. The “landscaping” is basically dirt and sparse scattered grass and weeds. I looks terrible and is definitely an eyesore. A little cleaning up on the exterior would make a HUGE difference- to this place in particular but also to the entire block.
http://www.redfin.com/IL/Chicago/551-W-Brompton-Ave-60657/unit-1W/home/13377365
Get his one for less 2.5 blocks down and get a better location, Nettlehorst elementary, and still have $$ leftover for upgrades.
Or THIS! http://www.redfin.com/IL/Chicago/545-W-Roscoe-St-60657/unit-3/home/12772845
“Correct name is “Lake View East””
Fair enough, but I doubt anonny acknowledges that as part of the city.
“Fair enough, but I doubt anonny acknowledges that as part of the city.”
Call it Lake View East (as I prefer) or East Lakeview (as some prefer)…either way, the subject property is not located there. Some (me, I guess) define the northern cut-off by Belmont, others by Grace. Is this more like south Buena Park?
“Is this more like south Buena Park?”
You can call it South Uptown if you like.
But thanks for proving my point.
Pine Grove is a block off the frickin lake (or marine/LSD wtfever), you really can’t get much more east than this… anonny I sometimes wonder if you are a parody poster created by anon(tfo)… it IS funny and you are almost too snotty to be a real person
“Pine Grove is a block off the frickin lake (or marine/LSD wtfever), you really can’t get much more east than this”
So’s the Spire hole. Doesn’t make it a desirable location.
There’s “Pine Grove,” as in the stretch that winds its way from Wrightwood up to Barry. And then there’s “Pine Grove,” as in the stretch that runs from Cornelia up to Irving. I don’t think I’m the only one who recognizes that the two Pine Groves are quite distinct, in various tangible and less tangible ways. I lived on Surf between Sheridan and Pine Grove for a spell. Before moving back to Chicago, I scheduled a couple of appointments to see rentals on the “other” Pine Grove, as well as a place on Dakin (just a short distance from the subject property), excited at the prospect of living in a large, affordable place on a street I recalled as being so charming and well-situated. It was a valuable geography and real estate lesson.
“Fair enough, but I doubt anonny acknowledges that as part of the city.”
Oh jeez, I see what he’s on about. Ridiculous. Lake View East most certainly goes all the way up to Irving. Every one of those coops on LSD will attest to that, as will the New Yorker and the other high rises. You’re absolutely correct.
This is not “south Buena.” It’s East Lake View. The neighborhood stretches north to Irving.
I’m getting old – I remember when the stretch of Broadway between Belmont and Diversey was called “New Town.” That didn’t seem to catch on.
“Is this more like south Buena Park?”
If you live north of Armitage on Sedgwick, do you live in “North Old Town” and not East Lincoln Park?
Come on already.
It IS East Lake View whether anonny likes it or not.