Renovated 5-Bedroom Ravenswood Manor SFH Still On The Market After 18 Months: 4443 N. Mozart
We last chattered about this 5-bedroom single family home at 4443 N. Mozart in Ravenswood Manor in April 2012 (although back then- it was only a 4-bedroom house.)
See our prior chatter here.
Most of you thought it was overpriced at $1.195 million and should sell closer to $1 million.
However, it has only been reduced $51,000 since April.
As you recall, the house was built in 1914.
It is on an extra wide 45×125 lot and has a rare side drive that leads to a 3-car garage.
It last sold in 2007 after having been in the same family for 42 years.
It’s been completely renovated.
The house now has a custom kitchen with Viking and Subzero appliances.
It also has a fully finished basement with an exercise room and now 2 of the five bedrooms.
The other three bedrooms are on the second floor.
With inventory at multi-year lows, what will it take to sell this house?
Chaz Walters at Coldwell Banker now has the listing. See the pictures here.
Or see it at the Open House this Sunday, December 2 from 10:30 to 12:30.
4443 N. Mozart: 4 bedrooms, 3.5 baths, 3800 square feet, 3 car garage
- Sold in 1965
- Sold in November 2007 for $780,500
- Originally listed in May 2011 for $1.295 million
- Reduced
- Was listed in October 2011 for $1.235 million
- Reduced
- Was listed in April 2012 at $1.195 million
- Reduced
- Currently listed at $1.144 million
- Taxes of $10,506
- Central Air
- 2 fireplaces
- Bedroom #1: 16×14 (second floor)
- Bedroom #2: 14×14 (second floor)
- Bedroom #3: 16×12 (second floor)
- Bedroom #4: 14×10 (lower level)
- Bedroom #5: 14×10 (lower level)
- Exercise room: 20×11 (lower level)
I love the prior comments. HD seems to think this neighborhood is stuck in about 1986 re: unsavory types lurking around the area.
I still like the house, both inside and out, but think the price needs to come down to below $1 million. It should sell if it gets into the $900K range. As nice a neighborhood as this is, many aren’t too familiar with it, and, fair or not, many associate it with Albany Park and see it as an “island.” That wouldn’t stop me from buying there, but it probably limits the audience, as someone noted in the prior thread. Also, much of the living space in this property is in the basement, which kind of takes some of the excitement out of being able to say it’s a 5 BR, with an exercise room. That’s true, if you consider bedrooms below grade to be true bedrooms. I’m also not sure what the school is like around here, but I’m sure whoever moves here will have kids, so maybe that’s keeping bidders away as well. But maybe the school is great – so I could be wrong. There’s still HS to consider, however.
“As nice a neighborhood as this is, many aren’t too familiar with it, and, fair or not, many associate it with Albany Park and see it as an “island.” ”
I dunno, I suppose there are many who aren’t familiar w it, but there are many who are too. It does have a recognized name. Not sure there is much wrong w the place other than being overpriced.
“I’m also not sure what the school is like around here, but I’m sure whoever moves here will have kids, so maybe that’s keeping bidders away as well. But maybe the school is great – so I could be wrong.”
Pretty sure, wo checking, school is waters, which is decent to v good, depending on who you talk to.
“Pretty sure, wo checking, school is waters, which is decent to v good, depending on who you talk to.”
If Waters were the worst CPS elem, there’d be little (valid–always, always something to complain about w schools) to complain about at CPS elems.
DZ, yes the neighborhood elementary school is Waters, which is improving and people in the ‘hood seem pretty happy with it. Full disclosure — I used to live in the Manor and really like the area. It’s like a little oasis, and it’s very charming. Quick walk to Lincoln Square, too, and easy Brown line access.
That said, Albany Park scuzziness does spill over into the Manor. Damage to cars, some graffiti, some cases of iPhone theft at the Francisco stop, etc. There’s also a bit of a “Manor” holier-than-thou attitude, but that’s partly due to pride in their neighborhood and its fairly recently won historic district status.
This place… I think the price needs to come down under a mil. It doesn’t have the most distinctive Ravenswood Manor-type charm, which I think is kind of a turn-off for the people drawn to the neighborhood. You know, there are some lovely story-book Tudors with cool brickwork, houses right on the river, etc. This doesn’t pack the same punch.
I live in the “Manor” and I would agree with most of the previous comments – it’s a great neighborhood – Waters is a strong school and getting better and better. Lincoln Square, Rockwell Crossing, Brown Line access plus a general terrific neighborhood feeling make this a great place to live. And I like this house. All that being said, I can’t imagine paying over 1 million for this particular house – it is very nice but not that nice.
Confused by the prior comments about the area though. Yes, if you go west and north, you get to some sketchy areas but east of the river is quite lovely and not all an issue.
Blago’s house was better, by far.
A vintage house that’s been renovated to look like new construction will not appeal to the vintage buyer which is what this neighborhood is all about.
This is a fabulous block – one of the best in the city for a family. 3 houses have sold in the past 3 months that all came on the market long after this one (one of them never hit the listings). The seller is totally clueless about the block and the area.
I still think this is a beautiful home, but as aptdweller says http://www.redfin.com/IL/Chicago/4442-N-Francisco-Ave-60625/home/13488873 suggests this home is still over-priced by around $200k or so.
“Damage to cars, some graffiti, some cases of iPhone theft at the Francisco stop, etc.”
Sounds like Lincoln Park, other than the specific El stop.
Place is nice, just overpriced.
The sellers have held this for so long, are spending so much $$ on the staging. Why not just drop the price, sell it, and cut their costs!
I agree wtih aptdweller, look at the neighboring home. Under contract in 10 days.
http://www.zillow.com/homedetails/4458-N-Mozart-St-Chicago-IL-60625/3643156_zpid/