North Center 4-Bedroom Home Sells for $150K Under 2007 Price: 1830 W. Oakdale
We chattered about this 4-bedroom home at 1830 W. Oakdale in North Center several times (through at least one interior paint job and several price reductions.)
See our March 2010 chatter and pictures here.
It has finally sold after 14 months on the market for $150,000 under the 2007 purchase price.
If you recall, 3 out of the 4 bedrooms were on the second level.
It also had stainless steel appliances and granite counter tops in the kitchen.
The house seemed to have a lot of the bells and whistles including central air and a 2-car garage.
Is this selling price a barometer of what is happening in pricing in some North Side neighborhoods or did this buyer just get a deal?
Gary Lucido at Lucid Realty had the listing.
1830 W. Oakdale: 4 bedrooms, 2.5 baths, 1800 square feet, 2 car garage
- Sold in April 1995 for $264,000
- Sold in April 1998 for $340,000
- Sold in May 2000 for $444,000
- Sold in February 2003 for $492,000
- Sold in July 2007 for $700,000
- Originally listed in March 2009 for $724,850
- Reduced several times
- Was listed in October 2009 for $624,850
- Was still listed in January 2010 for $624,850
- Reduced
- Was listed in March 2010 for $579,850
- Sold in May 2010 for $550,000
- Taxes of $8581
- Central Air
- Bedroom #1: 15×12
- Bedroom #2: 15×9
- Bedroom #3: 10×7
- Bedroom #4: 11×10 (lower level)
I’ll bet the people who bought it have a one-year-old who will start freaking about being in the Jahn district in about three years.
“I’ll bet the people who bought it have a one-year-old who will start freaking about being in the Jahn district in about three years.”
I wonder if this is the type of thing that has to do with the shelf-life of ownership for this house being 3-4 years.
off topic, but hey, nice shout out in Sunday’s Tribune for CC~!
for 1830 oakdale, i suggest that ‘north center’ should be changed to ‘hamlin park’
Given that 3/2 condos are selling for over $400k on busy Belmont, I would say this buyer got a good deal, on a quiet street, in a nice hood.
I say both….anybody with the ability to buy right now should be getting some sort of a deal. Sellers these days are selling for a multitude of reasons. Unfortunately, most of the reasons are not positive in nature. Usually lose of job or needing to move, etc. So every neighborhood will have it’s fair share of so-so, good and great deals depending on the timing.
I’d say for the most part these buyers got a very good deal in the area. They didn’t ‘steal it’ but they definitely didn’t over pay and should see some decent appreciation in the coming years. But that’s the bonus to being able to buy in this market; which as we know is not an easy thing to do.
“for 1830 oakdale, i suggest that ‘north center’ should be changed to ‘hamlin park’”
It’s neither. It’s NorthCostCo.
WOW!! Even at $150k below its last sale price this piece of real estate performed incredibly over the last 15 years. Had the buyer in 1995 put 20% down and held until the last sale his money achieved an average 37% return year after year. Wall street would be envious. It goes to show you the basics are still in play…Location, Location, Location
That just about pays for college at Northwestern for 3 kids!
Decided to hold back for a while before adding my $.02. Didn’t want to stifle the creativity here.
The buyer has no children and there are none in the picture in the near term at least. Dan is correct. This is a great neighborhood and I expected the neighborhood to command more of a premium than it did. Turns out that buyers tended to opt for similar places farther north in not as nice neighborhoods but possibly because of better public transportation options.
This was a tricky listing because we had tremendous interest all the way through. The biggest issue was the small overall square footage and the small 3rd bedroom. The number of showings became so ridiculous that we finally had to grill buyer’s agents about whether or not the home really made sense for their buyers. The problem was that once a buyer’s agent put their schedule together it was easier for them to just see it rather than debate the appropriateness of the place with their clients.
So there’s a weird moral to the story here. Marketing a property too well can actually be a problem.