Remember These New Construction Modern SFHs? 1219 N. Rockwell in East Humboldt Park
This 4-bedroom single family home at 1219 N. Rockwell in East Humboldt Park came on the market in October 2018.
Built in 2011, it’s on a 24×126 lot and has a backyard and a 2-car garage.
The picture above is not of this actual home. It’s the house at 1214 N. Rockwell, just down the street.
If you recall, developers were building this same house at multiple locations around the West Side of the city, especially in East Humboldt Park, West Bucktown, Humboldt Park, Avondale and Logan Square.
At that time most of the houses were being sold as “affordable” with price tags under $400,000.
These homes were built with an open layout.
The kitchen has modern cabinets, stainless steel appliances and a center island and is open to the living/dining area on the first floor.
Three out of the four bedrooms are on the second floor, including the master suite which has an en suite bath with porcelain tile finishes.
The fourth bedroom is on the main floor.
The house also has a large lower level recreation room, which is carpeted.
It has a floating staircase.
The listing says there is plumbing in place in the basement for another bathroom to be added.
Listed in October 2018 for $659,000, it has reduced $10,000 to $649,000.
But it sold in 2011, brand new, for just $379,000.
If it sells for this premium price, are you kicking yourself for not buying one of these?
Edward Jelinek at @Properties has the listing. See the pictures here.
1219 N. Rockwell: 4 bedrooms, 2.5 baths, no square footage listed
- Sold in September 2010 for $74,000 (was bank owned)
- Sold “new” in May 2011 for $379,000
- Originally listed in October 2018 for $659,000
- Reduced
- Currently listed at $649,000
- Taxes of $8425
- Central Air
- 2-car garage
- Bedroom #1: 15×12 (second floor)
- Bedroom #2: 14×9 (second floor)
- Bedroom #3: 10×9 (second floor)
- Bedroom #4: 10×10 (main floor)
- Recreation Room: 44×17 (lower level)
Q: If it sells for this premium price, are you kicking yourself for not buying one of these?
A: No. Because if I did, I would have had to live in it!
how’d everyone’s board of review decision go? City still thinks my home is worth 100k more than I sold it for… lol
what a crock of shit
Sonies,
I don’t know about your specific situation but from what I’ve seen I’d say that the property tax system is much more accurate than it was under Berrios. It’s almost impossible to get a significant reduction in your assessed market value when it’s not justified but that’s the way it should be.
they’re retarded… the assessors office screwed up in the first place and comped my home (and like 28 others) to one house sale (out of the 5 they pulled) years ago that is probably 800+ square feet larger and also extremely decked out… they had that home as a 2100sqft home like hours when that was totally not the case… my AV skyrocketed to over 930k… theboard of review reduced it to 853k even though it just sold for 765k… can’t wait to see what the levy will be in July since these idiots keep running out of money some how, and a freakin democratic socialist mayor just got elected, lol
Its a sick joke, and I’m glad I left this crooked stupid town. my 5k of property taxes on my upcoming home let me keep a lot more money in my own pocket thats for sure
@Sonies – – I won my BOR appeal!!! Big time too, but then again they tried jacking my AV up like 95% without even providing a single comp, let alone a bad comp as in your case – – and I sent my appraiser a nice thank-you since he was pretty influential. I did not use an attorney as in the eyes of the court, if your attorney is not also an appraiser, they are not “expert witness” material. It is very strange to me the racket that Chicago attorneys have in regards to property tax appeals since most are defacto not qualified to opine on the topic of valuation (you can tell I am not from around here!)
As it pertains to this home, you have to privately educate your kid. If the price point that appealed to the original owners in any indication of their budget, they cannot afford to do so and the suburbs are now calling. If you can afford that, this is a pretty OK deal however I would expect sound attenuation between floors to be pretty non-existent and as you can see from the listing photos, the finish on the wood trim on the front of the house already needs some attention before it really starts to look like crap.
These folks did well no doubt but I don’t think there is the same kind of money in it for the next buyer. If you are planning on a private school education or gambling that your kid will get into a pretty great public school and you don’t mind being a bit more car reliant than in other parts of the city, this is probably workable.
“how’d everyone’s board of review decision go? City still thinks my home is worth 100k more than I sold it for… lol”
Mine went decent. assor had a ~25 percent increase, appeal at assor was denied. board of review changed it to a ~5 percent increase.
$379 in May-11 = $428 now. The hood is 8 years nicer, but the house has 8 years of wear and tear. add ~50 bps to cpi to get historic gains, and you get to about $450k.
This nearby place is an obvious cross-shop, tho very different: https://www.redfin.com/IL/Chicago/2526-W-Haddon-Ave-60622/home/13288236
And then this recent sale:
https://www.redfin.com/IL/Chicago/2618-W-Crystal-St-60622/unit-1/home/13288283
tho ugly as Hof on the outside, is probably closer to the market price in east humboldt for the similar-ish featured place, or the cross-shop in the prior.
I think the home assessor is now valuing land a lot less than the structure but jacking up the value of sq footage. at least from my brief valuation of my house and my neighbors. Probably because of the McMansion effect – big houses on small lots. Regardless, my house is 100 st bigger than my neigbors but they have a 25% larger lot, but my house is valued slightly more. My other neighbor has a 75% larger lot and the same sized house, and their house is only valued slightly more.
Of note the assessor got updated info for additions. I added sq footage to my house in 2012 and it never showed up in my assessments – until now, they got it perfect, almost as if someone was reviewing the floor plans submitted in 2012…kinda creepy actually.
My house went up 11%, N and S neighbors went up 8%.
“my 5k of property taxes on my upcoming home let me keep a lot more money in my own pocket thats for sure”
You get what you pay for. I’m sure your new hometown has dozens of library branches, huge parks with swimming pools, ice rinks, golf courses, tennis courts, and hiking trails, miles of lakefront trails, a river with a riverwalk, museums, street festivals, a marathon and schools that teach Arabic and Chinese.
Mayor Lightfoot is going to have difficult decisions in the next few months. The pension crisis has not been fixed. Rahm made inroads but the city has huge payments that still have to be made.
It’s the reality, unfortunately. There’s no painless way out.
at anon
“And then this recent sale:
https://www.redfin.com/IL/Chicago/2618-W-Crystal-St-60622/unit-1/home/13288283
”
that’s one step away from a jawa sandcrawler
“You get what you pay for. I’m sure your new hometown has dozens of library branches, huge parks with swimming pools, ice rinks, golf courses, tennis courts, and hiking trails, miles of lakefront trails, a river with a riverwalk, museums, street festivals, a marathon and schools that teach Arabic and Chinese.”
You do not get what you pay for. There are bargains and there are things that are overpriced. I don’t want to go into detail dumping on Chicago but there is plenty of baggage here as well. And while we’ve been paying for all those things listed above we’ve been accruing a huge liability. Ultimately people will vote with their feet and with their wallets. We’ll see how it plays out.
yeah you never get what you pay for when it comes to taxes so why not reduce that liability as much as possible… I’ll be saving well over 20k a year going forward with a better quality of life… i’m not complaining!
I recall seeing an article somewhere (maybe on Zerohedge) showing that more than 50% of a tax bill is paying for pensions. So basically half our inflated tax bills are paying for other people’s retirement.
That doesn’t sound like a good deal to me when I am trying to fund my own retirement…
Tax bills most certainly are affecting the market negatively. I come across people all the time who say they didn’t move somewhere because of the property taxes (particularly in the higher tax burbs).
A $500k-$600k house in Oak Park has a similar tax bill to a $1.5 million house in many cities….
“more than 50% of a tax bill is paying for pensions. So basically half our inflated tax bills are paying for other people’s retirement.”
And what makes it worse is we got nothing from it. It’s not the teachers, it’s all the “administrators”. Look at any city hall in the burbs, they remodel it every 15 years or build new ones. Same for fire and police stations. I personally like the outsourced building code reviewers who are former city employees, yet the city hall building depts are full of people – what are they doing if they outsource it? It’s a gravy train. We had a block party a couple years ago and the alderman’s committeeman came and set up a shrine to the alderman and gave a speech. We all confronted him about the ills of the neighborhood and reminded him the alderman didnt “gift” us this block party, we paid for it with ridiculous taxes. The scumbag double dipper (worked for DHS, city) explained he was a year from retirement and already building his house in AZ and it wouldnt be his problem for much longer. They need to burn city hall and Springfield to the ground and start over.
Marko, you shouldn’t be so vague about how you feel!
“basically half our inflated tax bills are paying for other people’s retirement”
At least half of that was effectively Lil Richie Daley’s re-election fund. He shorted pension payments basically his entire time in office, because he was terrified he’d lose if he raised taxes to pay for the pension sweeteners he gave to his ‘volunteer’ campaign workers. Real leadership from that POS.
The fundamental error in the IL Constitution w/r/t Pension was not *also* enshrining a requirement that the normal cost of all pensions be the *first* thing paid out of each government’s budget. Before other debt service, before salaries, before anything. Had normal cost been paid in every year since 1970, there’d be no bona fide issue, even if there might still be some deficit.
“A $500k-$600k house in Oak Park has a similar tax bill to a $1.5 million house in many cities….”
We’ve talked about this in the past. Oak Park has higher taxes than anyone around it because they have no malls and not much commercial real estate. That’s why the city has allowed a bunch of high rises to be built downtown only with the caveat that retail/restaurants are put in the bases.
But there is no Oak Brook or Yorktown Mall in Oak Park.
“Ultimately people will vote with their feet and with their wallets. We’ll see how it plays out.”
Over the last 2 years Chicago and the Chicagoland area has had more luxury million dollar properties sell (those over $3 million) than ever before. It’s not even close even looking at the 2006-2007 time period.
Apparently, the rich will not be leaving.
“I’ll be saving well over 20k a year going forward with a better quality of life… i’m not complaining!”
If this was true, everyone would be moving to Nevada. But they’re not.
Do you have kids? The schools are terrible. Same with Florida. I had friends (one was a teacher) who moved out of Florida after 3 years because they feared for their kids (and they lived near Tampa.) It’s awful.
You get what you pay for. But if you don’t have kids, and don’t care about any of the cultural things that large cities give you, then there are plenty of places in the country to live much cheaper.
Heck, Michigan is one of the top retirement destinations for this reason. It’s cheap. Property taxes are low. You aren’t putting your kids in the schools. It’s mostly a really beautiful state, especially southwest Michigan.
I don’t have kids, thats why I said its not for everyone in another post. But guess what you can easily afford a home in one of the nicest school districts in town. And I hate to break it to ya but there are shitloads of people moving to Nevada already as its one of the fastest growing state in the US and has been for years now
as for cultural things… with the money I’m saving on taxes alone I can fly first class, stay at the Ritz Carlton for a month and see all the shows and “culture” my heart desires… or you know – afford air travel to other places and see culture first hand
“And I hate to break it to ya but there are shitloads of people moving to Nevada already as its one of the fastest growing state in the US and has been for years now”
Not Reno.
My cousin moved to Las Vegas 3 years ago. Lots of easy starter jobs and starter homes especially after the housing bust. Bought a nice new build for $275,000. He’s in hospitality industry, so it’s working for him.
Does he love it? He doesn’t say. But he’s stayed for 3 years so far.
Thousands are moving to Arizona, too, Sonies. Has been true for 30+ years.
“I recall seeing an article somewhere (maybe on Zerohedge) showing that more than 50% of a tax bill is paying for pensions. So basically half our inflated tax bills are paying for other people’s retirement.”
I spoke with a retired Downers Grove cop (who is 62 and does side work as a property manager). His wife is a public school teacher, she will be retiring in a few years. He told me if they live until they’re 85 and 87, they will have combined pulled $5 million in benefits out on pensions.
“Do you have kids? The schools are terrible. Same with Florida. I had friends (one was a teacher) who moved out of Florida after 3 years because they feared for their kids (and they lived near Tampa.) It’s awful.”
This craphole existence is because of the hateful and idiotic open borders policies of anti-white racists, feminists who never got married, Jews who always want more diversity (but not for Israel). It’s such a sad story to hear, Sabrina. Esp. when bigots like Obama and the Clintons send their kids to ELITE private schools and live in Jewish/white liberal homogeneous zip codes. Such hypocrisy and terrible leadership we’ve had for 60 years.
As Sabrina explains, all the carnage and devolution of Democrats and anti-white racists is making our country a place where “they feared for their kids (and they lived near Tampa.) It’s awful.”
With the Jews and Pritzker pushing for legalization and business interests in promoting gamblings, pot smoking and abortions on demand, gee….will the country have any hope of improving from Sabrina’s description?
Sabrina do you ever tire of being wrong?
https://mynews4.com/news/local/nevada-becomes-fastest-growing-state-in-the-nation
“In fact, Washoe County saw a growth rate of 1.8% in the last year.
According to the Northern Nevada Regional Growth Forecast, Washoe County has seen a 13.5% increase in jobs and an 8% increase in the number of occupied households.
Storey County alone saw a 218% population increase largely due to the Tesla Gigafactory, per the state demographer.
Douglas County had seen a population decline for several years before the arrival of the gigafactory.
The state demographer also notes that Washoe County is expected to see a population increase of over 16,000 people over the course of the next four years.”
Theres a reason prices are increasing here and its because of a housing shortage, they literally can’t build fast enough to keep up with demand.
also I just closed on my house yesterday, its awesome!
@ sonies
she (he) won’t ever admit it.
and cynically why would she (he) – she cares about the traffic. correcting her is more traffic
“correcting her is more traffic”
Traffic? What traffic?
As soon as the train wreck was over and people were no longer losing money and/or being foreclosed on, the “traffic” went away. That was about 5 years ago. People simply don’t want to talk about the good news and rising home prices. They don’t want to talk about a bull market in housing. Only the bear.
Prices are looking a bit shaky on the upper end of things now though. There’s just too much supply. Million dollar homes are depreciating in some areas/neighborhoods.
Will “traffic” pick up on this blog? Who knows?
Maybe that will be a sign that the housing market is entering into another difficult era.
“also I just closed on my house yesterday, its awesome!”
Congrats sonies. I hope you were able to lock in these really low mortgage rates. Haven’t been this low in 3 years.
“Sabrina do you ever tire of being wrong?”
So because you got the Gigafactory it’s the fastest growing county in the country?
Ba ha ha ha!
Yep. That’s northern Nevada.
Different strokes, for different folks.
“will the country have any hope of improving from Sabrina’s description?”
Not even President Trump can turn it around, apparently. He’s failed. Look at the border. It’s worse than ever. Worse than it’s been in the last 10 years.
Looks like you’ll have to move Helmethofer. But where?
And go get a public job if you want to have a pension. I’m so tired of all the crying about the pensions. The Baby Boomers got a great deal. This was true in nearly EVERY state. And now no one can pay for it.
It’s been changed for GenX and everyone else. It’s not going to happen again. But we have to deal with it as it is. That’s what’s being a grown-up is all about.
If you don’t like it, move. Go to Nevada with Sonies. It’s great out there. Low taxes. No pension issues. Cheap housing.
“she (he) won’t ever admit it.”
Why do so many on this blog keep insisting I’m a man?
I don’t get it.
Voice on the Internet is very distinctive. When Helmethofer was banned back in the day, he used to sign on using different names designed to throw us all off that it wasn’t him.
Literally, all he would have to do is post one time under the new name and someone would e-mail me telling me that it was him again under that new name. And, sure enough, they were always correct. It WAS him.
That’s how distinctive your “voice” is.
And I don’t think there’s any way in hell my voice is male on this blog.
Is it really that hard to believe that a woman has run this blog for 12 years?
Well, Ashley over at the Lincoln Park Trixie Society was reputedly a man so stranger things have happened…