Modern 4-Bedroom in Old Edgebrook Sold For Under $500K: 6312 N. Louise
We last chattered about this 4-bedroom modern “colonial” style single family home at 6312 N. Louise in Old Edgebrook in May 2012.
See our prior chatter here.
Most of you didn’t care for the modern architecture style, especially after realizing it didn’t have a basement.
But many of you love the neighborhood and were willing to overlook some needed updating.
Back in May, when it was listed at $529,000, no one really had a guess as to what it would sell for.
The house sold in August 2012 for $491,000– pink kitchen counter tops and all.
If you recall, the house was built in 1963.
It had 2840 square feet and a 2.5-car garage, but no basement.
All four bedrooms were on the second level. The master suite had vaulted ceilings and his and her walk-in closets.
There was also a second floor laundry and central air.
The house was also located in the top rated Edgebrook Elementary school district.
The neighborhood is popular with buyers at all price points.
In some cases, does location trump “newness”?
This picture below is from the Edgebrook Forest Preserve, which surrounds this neighborhood. The area is simply gorgeous right now.
If you want a real treat of fall foliage, drive on Devon through the forest preserve from Milwaukee to Central. I saw people out of their cars taking pictures, myself included.
Jami Brenner at @Properties had the listing. You can still see a video of the property here (warning- music!)
6312 N. Louise: 4 bedrooms, 2.5 baths, 2840 square feet, 2.5 car garage
- Sold sometime before 1985
- Was listed in May 2012 for $529,900
- Sold in August 2012 for $491,000
- Taxes of $9515
- Central Air
- Bedroom #1: 15×14 (second floor)
- Bedroom #2: 13×12 (second floor)
- Bedroom #3: 12×11 (second floor)
- Bedroom #4: 12×11 (second floor)
I don’t remember chatting about this house but I love it. I’d change the pink countertops in the kitchen only but otherwise it’s a great house in a great area. The $417k mortgage on a $491, purchase seems entirely reasonable, $172 per sq foot is cheaper than comparable properties all over the NW side. I can see how someone could be turned off by the ‘modern’ 1960’s architecture but for some enthusiasts this is a great property. It’s a bit north of what I was willing to spend when I purchased but overall a great place and a great deal. I don’t bitch about every property on CC, not all properties are overpriced crapshacks, every once in a while there is a diamond in the rough.
I think location and price can definitely trump newness. While I’d love a home where everything is “new” I know that I can’t afford the size house I want in the location I want all “new”. Either the price has to be right, or location fabulous or size spectacular or something else that makes you survive the non-newness of a place.
This location is pretty fabulous and it is a big home for the price.
“In some cases, does location trump ‘newness’?”
In “some cases”? No. A superior location trumps “newness” every time. Always.
Great location and the space is liveable. The neighborhood is more like the burbs and is pretty secluded.
Just saw this 2550 N Lakeview unit resale on redfin. It has interior pictures of the unit
http://www.redfin.com/IL/Chicago/2550-N-Lakeview-Ave-60614/unit-17-C4/home/40508310