Looking for the First Time Homebuyer: 1051 W. Barry in Lakeview
This 2-bedroom unit at 1051 W. Barry in Lakeview is located near several El lines, restaurants and other entertainment.
That makes it the perfect location for a first time homebuyer.
At 950 square feet, it has central air but no in-unit washer/dryer.
It also doesn’t have deeded parking but the listing says there is tranferrable tandem leased parking available for $100 a month. But in this location, who needs to have a car?
The listing says the kitchen has new stainless steel and granite counter tops.
What happens to all of the first time homebuyer condos when the credit expires next week?
Suzanne Moller at @Properties has the listing. See the pictures here.
Unit #1W: 2 bedrooms, 1 bath, 950 square feet
- Sold in June 1994 for $110,000
- Originally listed in January 2010 for $279,000
- Reduced
- Currently listed for $268,500
- Assessments of $204 a month
- Taxes of $2475
- Central Air
- No in-unit washer/dryer
- No deeded parking- leased for $100 a month
- Bedroom #1: 10×11
- Bedroom #2: 11×9
That fridge across from the stove and microwave in the kitchen looks like a lot of fun while making a dinner or having a party…
If you left the kitchen window open while cooking — somthing on the stove could tumble out and hit your neighbor’s dog!
those taxes are going way up…
“those taxes are going way up”
AV went up 15%. So, yeah, *way* up.
# Bedroom #1: 10×11
# Bedroom #2: 11×9
You misspelled closet.
Tipster,
Add in 231 sq ft for the living room and 48 for the kitchen and you get 488 sq ft. Looks like you have 462 square feet of bathroom, closets, and hallways!
I know this is common, and I know this is basically the same size as any of the 25+ 1 and 2 bedroom condos I just looked at in this area… but it’s just ridiculous to call this 950 sq ft. After realizing this I totally see why most places don’t include square footage in the listing.
Sounds like a one bedroom apartment they threw in an extra wall to further subdivide it and claim its 2BR. 950 square feet & $400 monthly nut before mortgage = epic fail.
“But in this location, who needs to have a car?”
Uhh people that have to drive to work? People who like the freedom of a car?
Anon, it’s not just the AV that counts, it’s the tax levy that determines the draw – and I know you know this. : )
“it’s not just the AV that counts, it’s the tax levy that determines the draw”
Yeah, I was agreeing (if that wasn’t clear); I expect the tax rate/levy/whatever-you-call-it to be higher this year, so anyone with an AV that increased much will have a *much* higher tax bill, while those with decreased AVs will see much smaller increases (or, possibly, decreases, if the AV decrease enough).
I just checked my last two tax bills–from 07 to 08, my taxes increased by 5.5%, with the same AV. While I expect the increase to be greater than that this year, were it the same increase in rate, this property would see 21+% higher taxes (a bit over $3k), which I see as their *floor*, probably by a significant amount.