Peterson Woods 3-Bedroom Vintage Tudor Gem Reduced $44K: 3019 W. Ardmore
We last chattered about this 1929 vintage house at 3019 W. Ardmore in Peterson Woods in September 2010.
See our prior chatter and pictures here.
It has since been reduced $44,000.
The house is an estate sale.
It has amazing original vintage beauty like leaded glass, arched doorways, coved ceilings and the original kitchen and baths.
Built on a 45×192 oversized lot, it has a 2-car detached garage but no central air.
In our prior chatter, most of you were unsure of the price.
Now that it’s been reduced, is this home now attractively priced?
Terry Silis at Baird & Warner still has the listing. See more pictures here.
3019 W. Ardmore: 3 bedrooms, 2.5 baths, 2 car garage, no square footage listed
- It is an estate sale- original sales price is before 1990
- Originally listed in August 2010
- Was listed in September 2010 for $489,000
- Reduced
- Currently listed for $445,000
- Estate sale
- Taxes of $6759
- No central air
- Bedroom #1: 15×15
- Bedroom #2: 12×13
- Bedroom #3: 13×11
this home, even in its current state, puts 80% of the homes on Cribchatter to shame.
Where, oh where, has my light rail transportation gone? Where, oh where, could it be?
Maybe I should just drive to work.
I’m with the Groovy One here, this place makes me drool.
Me, too! Love.
A lovely old home with great details. Unfortunately it requires another 200K just to get it cleaned up and bring the mechanicals up to date.
http://www.redfin.com/IL/Chicago/5739-N-Virginia-Ave-60659/home/13518888
This is the comp that sold in June for $470,000. The MLS listing even says it needs a complete gut.
June was such a long long time ago and we’ve just started a winter of discontent.
Love it. Sorry to say, keep reducing.
The comp:
“English Tudor w/ a slate roof on a 40′ wide lot in beautiful Peterson Woods. Original vintage details throughout. This is an estae sale and has been in the same family for over 45 years. It will need a complete rehab to bring it up to date. Solid home, loaded with charm. Step down living room with wood burning fireplace. Full unfinished bsmnt with 8′ ceilings & big yrd. Orig Kit & Bths. “
Peterson Woods is one of several on the Northwest Side that are blessed with beautiful streetscapes, attractive houses, active commercial strips…and cursed with horrible public transportation. My twenty- and thirty-something clients won’t even consider buying in these areas for that reason. Taking a bus to the L or Metra to get to work downtown is not an attractive alternative for the younger generation.
The mayoral and aldermanic candidates who make “New L lines to the Northwest Side” a priority of their campaigns will certainly have a leg up on the competition for the “green generation” vote.
This is a house I would consider moving out of the city for.
“The mayoral and aldermanic candidates who make “New L lines to the Northwest Side” a priority of their campaigns will certainly have a leg up on the competition for the “green generation” vote”
The city and CTA is BROKE and there will be no new el lines created in the next 20 years. No way no how. The cost would be out of reach in today’s climate. Get used to what we have now as it is just a dream to believe that our rail system will improve.
Wait…..I think you might be on to something. I bet that in the final weeks of his Mayoral dictatorship the big D. might privatize the CTA and bring it into a new era. That would be cool. Who say’s that he is a democrat? With a private ownership they would invest and create those lines serving affluent areas with QUIET, CLEAN, RELIABLE, and QUICK express trains that would be very profitable. Sorry neglected areas those lines would be forced to cut back and/or close
Lovely home…I am drooling….but it will take a lot of money to bring it up to date. I think the 200K stated previously is about right. Price needs to come down and by quite a bit.
If you think private ownership of the CTA is the answer, I suggest the following Chicago Reader article:
http://www.chicagoreader.com/chicago/chicago-privatization-public-transportation-cta-el/Content?oid=1955350
To jp3chicago, technically speaking, CTA is private, but is a city chartered monopoly.
I’m with you on desubsidizing it, but you would also have to de-monopolize, and let the agency run service according to the revenues and profits a line could generate, while letting other services step in to compete for business that was not profitable. Bus lines that exist to serve a half dozen elders who just want to “ride around for a while” could be cut.
But then we get back to the reasons that transit began to fail financially to begin with, which is because we ramped up subsidies to auto drivers, in the form of the highway system (which ought to be strictly toll roads), and deliberately killed our cities and drove our middle income populations out to auto suburbs, by means of FHA redlining that made it difficult to buy a home in the cities but easy in new suburbs. My parents were youngsters in 1954 and could buy a new house a no-down V.A. loan in a new suburb- it had to be new construction-but would have had to ante up at least 20% down in the city, and be older than 23.
I have always thought that we should end taxpayer support for ALL transportation, including our 5.7m miles of interstates, and especially all the subsidies for airlines, as well as end government-granted monopolies that require a carrier to run unprofitable routes in order to have the franchise for a particular area. Let’s see how many auto owners across the country feel like paying the toll that reflects the true cost of building and maintaining our interstates, as well as pay vastly increased prices for gasoline as our oil supplies deplete over the years. I’ll bet people get their teens out of cars, at least.
CTA and PACE could run only the routes they found advantageous- like the Red Line, which could run profitably right now, or the blue-and not have to carry service they can’t run at a profit. Operations like the service cars that used to haul about dozen people for a dime a ride or so in the old days, could step in to haul all the poorer old people who only need a ride to the doctor’s office once in a while. People would start gravitating to neighborhoods that are transit & retail hubs, and the city would re-densify, for great savings in fuel and costs.
“This is a house I would consider moving out of the city for.”
This house IS in the city. In the Peterson Woods neighborhood (just north and west of Lincoln Square.)
“This is the comp that sold in June for $470,000. The MLS listing even says it needs a complete gut.
June was such a long long time ago and we’ve just started a winter of discontent.”
Yep. Prices have seriously declined in just the last few months. You pretty much can’t even use a comp that was 6 months old anymore (and heaven help anyone trying to use a comp from a year ago.) That is how dramatic the slowdown in sales and the price declines have been. Yet many sellers are in denial about it. And buyers continue to sit on the sidelines because they won’t buy while prices continue to drop (why should they?)
I’ve seen this house and I have to agree that it needs hundreds of thousands of dollars worth of work. There seems to be structural problems as well as the basic lack of kitchen (no appliances), no attic insulation, no foundation under the sun porch (hence the warping of the floor mentioned in the last thread on the house), storms that need restoration or replacement, asbestos wrapped pipes in the basement, no access to the garage because the driveway is simply too narrow, and the enormous back yard is just a forest of trees, scrub, and basically cut in half by the garage. Chimney needs tuckpointing, balcony is rotting off. The heating system probably should be replaced by some HVAC system like Spacepak that would not mess up the walls but would also provide air conditioning that it currently lacks. The furnace is probably at least 30 years old. Electrics probably from no later than the 1950s. So it’s basically all the major systems in the house need to be replaced. Bathrooms look lovely, and it would be nice to keep the kitchen but with 3 doorways into it, there is just no room for anything and the counter around the sink is really nicked up. The comp that sold for $470K was not in this kind of shape. The realtor saying it needed a rehab is what all realtors say now if the place doesn’t have stainless steel appliances, granite counter tops or the bland beige bathrooms du jour, double sinks, of course. It does not appear that it was neglected, only not messed with to match the current trends. If someone buys it at this price, they will have to acknowledge that there’s will be the most expensive house in the neighborhood once they finish with it. And considering it is not a trendy area, it will take someone who falls in love who has very deep pockets to restore it as it should be.
Privatization has done Chicago no good at all. See how we’ve gotten screwed by the parking meter boondoggle! The reason the CTA has no money is because the funding isn’t proided. And it’s not that there isn’t money for it. It’s because the mayor hands all the TIF financing to businesses that don’t need it, and graft is very expensive in Chicago. We could fund the schools, the libraries, and public transit if the majority of our tax money wasn’t handed out to businesses in places like the financial district downtown. How long to you have to live in Chicago to figure out that our local government is completely corrupt? The point of public services are NOT that they make a profit. They are there to provide a service, that’s all. Greed is what got us into the current economic mess, helped handily by speculation in the housing market and the subsequent destruction of beautiful homes like this one by people who would tear out every ounce of character and craftsmanship to put up drywall with no moldings, granite counter tops, and stainless steel appliances, and white prefab windows. The reason why this house is so valuable, really, is because it has escaped the flippers’ desecrating, philistine, greedy eyes. Thank god!
Just want to add that a reason to subsidize public transit is simply because it reduces smog/air pollution.
Annie:
Like your second paragraph. I would never live in Chicago full-time because of the corruption. The voters here in Wisconsin can sometimes be idiots, witness this fall’s election results, but the goo goo tendency is still strong.
Annie;
I disagree with your 2nd paragraphs premise. While I agree the city should have received more for pkg meters I am happy with the result. I can find available, cheap easy to pay parking in places spaces were unavailable before privatization. While some TIF deals are suspect I believe the vitality of downtown business is the prime driver of residential values. Despite the recent Wrigley Field PR mess, I believe we taxpayers would benefit by providing even billionaire owners some public subsidy because imo their proposed improvements made sooner by subsidy beget more area visitors and more money spent there & elsewhere in the area. I don’t know the economics of CTA but I know a former employee who retired w/ a very enviable pension at age 53 – that wouldn’t happen in any private enterprise. Providing a public service doesn’t mean it should be run like a free candy shop. These politicians behavior reflects what voters put up with – if you are mad as hell put up some time and/or money & get involved in changing things.
Don’t care, what some of you say, I love this house. Looked at the one that sold for $470, no comparison, nothing outstanding or special about it, rotted wooden windows, horrible bathroom, narrow staircase, fireplace nothing special, garage all rotted, not brick, small yard. The Ardmore house was custom built and loaded with outstanding features, the windows, the fireplace, the huge closets for a house from the 20’s. The agent said it’s been in same family since it was built!
The house next door has a garage set back too, it looks like they cleared the area behind it, added a door to the rear of garage and come in off alley.
This house needs someone with some vision and patience. Not someone to come in and start tearing it apart and start installing, cherry cabinets, granite counters and of course, who can live without stainless appliances.
Public transportation is not what you get in so called trendy neighborhoods but can you imagine what this house would cost in such areas? Well, it would probably not be there anymore, it would have been knocked down and a three story cookie cutter, condo building, with exteriors that need to be sealed every few years would be there and each unit would probably be over $500,000.
I’ll keep driving buy, and drooling over this one and asking myself where I could get the money to buy it. Lately, it’s been difficult to get to, Lincoln Avenue is all tore up because the Alderman felt compelled to add huge planters in the center of the street at $100,000 each!! In this economy, just what we need. Guess because the money is TIF money, it’s okay to waste it. After the planters are in, they will have to spend more $$ for plants and for the company to come by and tend to the plants like they do on Peterson and mess up traffic.
Its under contract,
change your bets before its official
SOLD!!!
400k
SOLD!!!
400k- 2/25/2011 close
sorry but i dont know why everyone is drooling over this place.
But Im not a Tudor guy….
Location does nothing for me