Need 4-Car Parking and an Elevator in Your House? 1324 W. Webster in Lincoln Park
This 5-bedroom single family home at 1324 W. Webster in Lincoln Park came on the market in February 2020.
If it looks familiar, that’s because we chattered about it when it was on the market in 2017.
Back then, it was listed for $2.999 million and many of you thought the price was too high for a home this far away from the lake.
You can see our 2017 chatter here.
If you recall, this house was built in 2007 on a 24×120 lot on the corner of Wayne and Webster.
It has upgraded millwork and custom wall finishes.
The eat-in kitchen has white cabinets, stone counter tops and high end appliances along with a great room.
The master suite is on the second floor and has dual walk-in closets and a luxurious spa bath with a steam shower, soaking tub, heated floors and a private terrace.
The second floor also has two other bedrooms that are en suite.
The other two bedrooms are in the lower level where there is another full bath.
The third floor has what the listing calls two “flex rooms” which could be whatever the buyer wishes, as well as a half bath.
There’s wine storage and a recreation/media room in the lower level as well.
The house has its own elevator and 2 laundry rooms, one in the lower level and one on the second floor.
If you’re looking for a lot of parking, the house has a 2-car garage and parking for 2 more cars on the driveway. There’s also a deck over the garage.
This house sold in August 2009, which was during the financial crisis, for $1.65 million.
In 2017, it was listed at $2.999 million before being withdrawn.
3 years later, it has come back on the market at $2.7 million.
Will this price get the sale done in 2020?
Emily Sachs Wong at @Properties has the listing. See the pictures here.
1324 W. Webster: 5 bedrooms, 5 baths, 2 half baths, 5985 square feet
- New construction in 2007
- Sold in August 2009 for $1.65 million
- Listed in March 2017 for $2.999 million
- Withdrawn
- Currently listed for $2.7 million
- Taxes are now $35,851 (they were $29,809 in March 2017)
- Central Air
- 2 sets of washer/dryers
- 2 car garage plus 2 car parking on the driveway
- Bedroom #1: 18×14 (second floor)
- Bedroom #2: 13×11 (second floor)
- Bedroom #3: 14×11 (second floor)
- Bedroom #4: 14×10 (lower level)
- Bedroom #5: 12×11 (lower level)
- Bonus room: 25×12 (third floor)
- Deck: 24×22 (second floor)
- Playroom: 16×9 (third floor)
- Family room: 22×18 (lower level)
- Laundry room: 10×6 (lower level)
This place is how a UMC person pictures the Idle Rich living.
Its too bad, they are close at making this a really, really nice mansion.
Billy Dec’s house.
Placing a tv over the fireplace in that main living room should cost them $1 million off the price.
“This place is how a UMC person pictures the Idle Rich living.”
I really don’t think of the Idle Rich living a block off of Clybourn, and within the fallout zone for General Iron.
Tho it would be easy to get to the soon-to-open Brooklyn Boulders every day, so that’s a plus.
low taxes for the price… shocker
“2019 Assessment Appeal Information
TAX YEAR 2019
Appeal Review Complete
PRIOR VALUE $181,496
CURRENT VALUE $171,522
RESULT
Assessed Value Adjusted – The result of a market analysis of your property as well as an analysis of comparable properties.”
Fritz thinks it’s only worth $1,715,000, and owner doesn’t disagree.
Also, the assessor thinks it is 3,050 square feet–even accounting for the fact that the assessor doesn’t count the basement level (across the board, unless it is a garden apartment), that means either this place ain’t close to 5,985 OR they lied in their (almost every year) appeals.
“I really don’t think of the Idle Rich living a block off of Clybourn, and within the fallout zone for General Iron.
Tho it would be easy to get to the soon-to-open Brooklyn Boulders every day, so that’s a plus.”
Architecturally speaking
Link that says prior chatter actually goes to listing. Here is the prior chatter: http://cribchatter.com/?p=24175
”
Fritz thinks it’s only worth $1,715,000, and owner doesn’t disagree.”
I wouldn’t either if it saved me 20k a year… what a joke
like how fucking difficult is it to get square footage correct… that was the issue with my 1 TH comp and the fucking morons refused to listen
“Architecturally speaking”
Fair enough.
The rich who are so idle that thinking about what they actually like in a house, design wise, is too hard.
“I wouldn’t either if it saved me 20k a year”
Hence my idea that anyone who appeals can be forced to accept a hostile offer for AMV (whether or not they win their appeal) + X% (I’d say 10 or 15, wouldn’t object to even 25). Would shut this sort of BS down right quick. And this would sell quickly at 1.89m.
“two “flex rooms” which could be whatever the buyer wishes”
I’d like to set up a computer on that desk-like area between those bookcases…oh, wait, there isn’t a power outlet there!
Whatever you wish, except a thing it appears at least slightly designed for…
The thing about this house is that even if I could afford it I wouldn’t want it. It’s cheesy and has no soul. Too many options at this price point.
I am also thinking this isn’t really the owners home base and hasn’t been for awhile. I don’t understand why someone would build or buy this. If your lifestyle involves jetsetting about, wouldn’t you prefer the safety of a swanky condo with a view? Why this?
Thanks for posting the link to the prior Chatter, Madeline. Apparently I’m a No-Micro-Hood-No-TV-Over-the-Fireplace-That’s-Too-Small-of-a-Dining-Table-Don’t-They-Have-Friends-It’s-Too-Far-West-Why-Not-Just-Move-to-CA-or-CO-Toilet-Paper-Roll-Is-Empty broken record.
“I am also thinking this isn’t really the owners home base and hasn’t been for awhile. I don’t understand why someone would build or buy this. If your lifestyle involves jetsetting about, wouldn’t you prefer the safety of a swanky condo with a view? Why this?”
the guy grew up in LP. he spends most of his time now in Nashville.
Somehow, the house got about 10% bigger since 3 years ago:
“listed their six-bedroom, 5,414-square-foot mansion ”
https://www.chicagotribune.com/real-estate/elite-street/ct-billy-dec-lincoln-park-mansion-elite-street-0312-biz-20170308-story.html
Billy got a great deal on this place in 09′. I agree that with some better taste / furnishings etc this could make for a really beautiful home. A 2.7 million dollar home it will never be, but maybe low 2.0’s.
Billy D gets a bad rep but he’s actually a pretty nice , hard working guy. Think he went to Lincoln park high school …maybe his folks or someone is living here while he’s out building his brand or whatever In Nashville.
“Fritz thinks”
actually he doesn’t. Fritz hasn’t had a say on anything in the city yet. The city was last assessed in 2018 under Berrios. The 2019 appeal was board of review, not assessor.
That foyer seems small for such a big place.
Property fail. This looks more appropriate for some new-money millionaire to build in Northbrook. It’s definitely not what I want to see in Lincoln Park. It’s a shame that developers are destroying the fabric of a lovely old neighborhood to build monstrosities like this.
What is the point of this? It’s basically a Barrington McMansion in an urban community. I don’t understand the point of putting up with all the hassles of city living, while dealing with the worst of exurban living but I guess it’s subjective and someone doesn’t want to deal with the commute.
It’s so bad and I miss the Chopping Block.
“It’s basically a Barrington McMansion in an urban community.”
The difference is you could pick up a Barrington McMansion for about $500,000 to $600,000 today.
““Fritz thinks”
actually he doesn’t. … The 2019 appeal was board of review, not assessor.”
No, there are assessor reviews every year, too.
From the Assessor’s website (you need to scroll down. I’m sure this will format like crap here):
TOWNSHIP ASSESSMENT NOTICES MAILED LAST DATE APPEALS ACCEPTED RE?REVIEW FINAL DATE DATE A?ROLL CERTIFIED DATE A?ROLL PUBLISHED BOARD OF REVIEW FILING DATES PASS
North Chicago 9/11/2019(REVISED) 10/11/2019 11/18/2019 11/26/2019 12/4/2019 12/10/2019 – 1/8/2020 2
https://www.cookcountyassessor.com/assessment-calendar-and-deadlines
I highly doubt you’re touching a home of this size, vintage and quality for anywhere near 600K in Barrington today.
Here’s a representative sample home (of similar vintage) of what that amount gets you in Barrington now, the subject property is clearly much nicer and has more sq footage: https://www.redfin.com/IL/Barrington/625-Bryant-Ave-60010/home/17660070?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link
Burbs are cheap, just not THAT cheap…
“what that amount gets you in Barrington now”
What an odd collection of furniture!
“The difference is you could pick up a Barrington McMansion for about $500,000 to $600,000 today.”
Yeah, one that probably needs half a million dollars of renovations. No way you’d get a property of this caliber in Barrington for under a million. Square footage wise, sure, but it would be old and in need of a lot of work / updating.
@Sid V – – I actually think what you found there is exactly comparable. It’s not trying as hard on the “delusions of grandeur” scale but it is fairly icky. A good comp – – delightfully tacky yet unrefined.
not strictly RE related outside of general corruption within the state
Trump pardons Blago
https://news.yahoo.com/trump-expected-commute-sentencing-former-illinois-gov-rod-173900241.html
Commutation isn’t pardon.
Wiretaps caught him trying to sell his commutation to his cellmate :
“I’ve got this thing and it’s fucking golden. I’m just not giving it up for fuckin’ nothing. I’m not gonna do it.”
“Unless I get something real good [in exchange], shit, I’ll just fuck myself, you know what I’m saying?
“A fucking valuable thing; you just don’t give it away for nothing.”
“By the way, I should say, if anyone wants to tape my conversations, go right ahead, feel free to do it. I appreciate anybody who wants to tape me openly.”
https://politics.theonion.com/rod-blagojevich-trying-to-sell-presidential-commutation-1837076931
The guy is a standard corrupt Chicago politician, but far from the worst, and ended up getting punished far more than he deserved.
Some of our aldermen, former mayors, DA’s, etc should be serving 14 years sentences, in the minimum.
“punished far more than he deserved”
Nah, that’s what politicians who betray the public trust deserve. He was directly soliciting bribes.
Marty Sandoval–of the redlight cameras, and possibly/probably defective asphalt–should get at least 25 years. He was directly soliciting bribes, too.
Yeah, yeah, yeah…campaign fundraising is basically the same thing. And it pretty much is, but lack of subtlety is no excuse.
btw:
“Billy D …. Think he went to Lincoln park high school”
Nope. Latin.
Also: “Dec grew up in a 12,000-square-foot, antiques-filled house on Deming Place in Lincoln Park.”
https://www.chicagotribune.com/news/ct-xpm-2006-01-01-0601010431-story.html
But that’s all just context. Everyone I’ve ever known who *knows* Billy says he’s a genuinely good guy.
Commutation isn’t pardon.
thank you for pointing out the difference; I did not know
https://www.nbcchicago.com/news/local/chicago-politics/pardon-vs-commutation-whats-the-difference/2221443/
all i knew was that for pardon or commutation Blago is out of prison early. With commutation, if he was barred for running for office again he is still barred for running from office
So I did some reading which is minimal GTHOOI
apparently the consensus on Blago was he was totally wrong in his crimes. No questions on that.
There were some continuing debate on the length of his sentence. I tend to lean towards the harsher sentence. WTH is wrong with Illinois governors!!!
“The guy is a standard corrupt Chicago politician, but far from the worst, and ended up getting punished far more than he deserved.”
Um…NO! He was the chief executive of the state. Extorting a children’s hospital. Convicted on 18 charges.
The Feds have gone after Chicago corruption many times over the years. They have convicted Alderman. They have convicted congressmen. They should ALL get the sentences. And many have.
“No way you’d get a property of this caliber in Barrington for under a million. Square footage wise, sure, but it would be old and in need of a lot of work / updating.”
What’s “old”?
1995? 2000?
Plenty of million dollar homes now selling for $500,000 in and near Barrington, including Deer Park, North Barrington, Kildeer, Long Grove etc.
“I highly doubt you’re touching a home of this size, vintage and quality for anywhere near 600K in Barrington today.”
Sorry. I always lump “the barringtons” together.
North Barrington has a dozen of homes similar to 1324 W. Webster for much, much cheaper. You can get some that are short sales even now.
Here’s one that was built in 2004 (the LP house built in 2007.) Much bigger at 7038 square feet.
Sold in 2003 for $1.64 million. Currently listed at $925,000.
https://www.redfin.com/IL/North-Barrington/71-Hillburn-Ln-60010/home/17662600
Also, some of those around $485,000 to $600,000 in North Barrington are smaller than the LP house. And their finishes aren’t as upscale. But that’s just the ask. You could probably get those houses much cheaper.
Again, the LP house is listed at $2.7 million. You can get a North Barrington and Barrington McMansion for much, much less.
Don’t think that Barrington house is a fair comp…It feels a lot frumpier for sure. But it’s also nearly 1 mil dollars.
Agreed that 1 mil will go a long way in most desirable suburbs these days, even previously elusive ones like Hinsdale, glencoe , wilmette etc etc
“Agreed that 1 mil will go a long way in most desirable suburbs these days, even previously elusive ones like Hinsdale, glencoe , wilmette etc etc.”
———————–
Why are you leaving out northwest Indiana? The owners there won’t have to put up with asinine property tax increases because corrupt and venal Chicago pols (I’m lookin’ at you, Burke, and EVERYONE ELSE) are slaves to the unions.
Indiana is looking pretty good. Just remember boys and girls — Land cannot move; Transportation configurartions can.
“Indiana is looking pretty good. Just remember boys and girls — Land cannot move; Transportation configurartions can.”
Sure. Or Wisconsin. You can take the train back and forth.
They are also fixing that train line that goes to South Bend which will cut at least a half an hour off the route.