Old Man Winter Strikes Again: 1227 W. Wrightwood in Lincoln Park
We recently chattered about the new construction home in Bucktown/Wicker Park that had the burst pipes and water up to the first floor.
You can see the Fox News video here.
But water and weather problems aren’t limited to foreclosures in the harsh Chicago winters.
Thanks to the tipster who sent me info about this 4-bedroom single family home at 1227 W. Wrightwood in Lincoln Park.
The listing says it is in of “repair” and that it was “appraised at $1.5 million pre-damage.”
An agent’s note also says it has “repairable water damage” with 30-40% of the home already gutted and the remainder is “damage free.”
Any takers on this million dollar fixer?
Matt Garrison at Coldwell Banker has the listing. There are no pictures of the interior but see the listing here.
1227 W. Wrightwood: 4 bedrooms, 4.5 baths, no square footage listed
- Sold in October 1986 for $167,500
- Currently listed for $950,000
- Taxes of $16,084
- Central Air
Half a million dollars in (appraised) damage? Just blow the place up and build a new house 🙂
1986 price sounds fair.
The house in the TV clip is not 1227 w wrightwood
THAT house was not built before 1986 (probably torn down then or more recently, it looks like an amalgam of recent and late 80s trends).
http://tours4.vht.com/Viewer/PhotoGallery.aspx?ListingID=1122475&Style=KSIP
Was it really frozen pipes? Morons.
I can has it for $250k????
sigh… a sunroom/greenhouse! lovely garden! nice skylights! breaks my heart to think it got all water damaged…
thanks for that link, nd.
What genius has a property “appraised at” 1.5MM then doesn’t have it insured?
I hope the banker knows some handymen or else they’re gonna have to EAT THIS LOAN! WOOHOO! EAT THIS LOAN BANKER!
This house was on the market for many many months prior to the (pipe?) damage. It was gradually reduced to 1.25 million or thereabouts, and did not sell at that price. Sooo… if it wasn’t worth 1.25 prior to the damage, would it really be worth anything close to 950 after 30-40% water damage?!!
Apparently, the owner had already decided to sell (did he leave the house empty, which would explain the water damage).
The house in the Fox News video is in Wicker Park. It is NOT this house.
But both have water damage.
Thanks for posting the link to the prior listing- with interior pictures.
Why do the owners of an expensive vacant house not know enough to turn the water off, drain the pipes, and put antifreeze in them going into the winter, when they know the house is likely to sit vacant for an extended period.
Did they leave that gas on, too? I hope not.
“Why do the owners of an expensive vacant house not know enough to turn the water off …”
Many, many people I know with expensive houses are completely incompetent to do even basic repairs–they have enough money to always call someone to fix anything that breaks. So, they failed to call a handy man–if I were they, I would put some of the blame (rather unfairly) on the agent. And it appears they did, as they got someone new.
It’s a shame that they couldn’t have planned better. Looks like it was a pretty house once, in a pretty neighborhood. Not 1.5 mil pretty but still nice. At least it had some character, unlike many that we see on this site. Now it will be just one more empty house…
Any more info on how the heck this damage happened?
I looked it up on CCRD and the last recorded mortgage was $1.25mil, back in 2005. If the the property wasn’t in financial distress, what the heck happened?
I live in the neighborhood and heard from a nearby resident that the owner of the house was also its architect. He has retired to California full time (after previously spending his winters there and summers here). Consequently, the house has been empty since it went on the market about two years ago. The owner was not in distress, he just wasn’t here. Out of sight, out of mind I suppose.
1227 W. Wrightwood closed last week for $850,000.