Sauganash 4-Bedroom Vintage Home Sells 13 Months Later: 6070 N. Forest Glen
We last chattered about this 4-bedroom center hall traditional single family home at 6070 N. Forest Glen in Sauganash in May 2011.
See our prior chatter here.
At that time, many of you gushed about the house saying it was the best home ever featured on Crib Chatter and many were congratulating the soon to be new owner.
Listed in May for $699,000 it sold in July 2011 for $650,000.
Built in 1930, it had a distinctive slate tile roof.
It also still had many of its vintage features, including original lead glass bow windows in the living room, built-in cabinets, the original hardwood floors, and a dining room with wood paneling and french doors.
All four bedrooms were on the second floor.
Built on a 124×60 corner lot, it also had a finished basement and a 2-car garage.
There were no pictures of the kitchen or the bathrooms.
However, there was central air.
The agents remarks indicated the seller had lived in the home for 50 years.
Eileen Quinn at Koenig & Strey Real Living had the listing. See can still see the interior pictures here.
6070 N. Forest Glen: 4 bedrooms, 3 baths, 4400 square feet, 2 car parking
- I couldn’t locate a prior sales price
- Originally listed in June 2010 for $899,900
- Reduced
- Was listed in May 2011 for $699,000
- Sold in July 2011 for $650,000
- Taxes of $9943
- Central Air
- Bedroom #1: 22×15 (second floor)
- Bedroom #2: 16×12 (second floor)
- Bedroom #3: 16×10 (second floor)
- Bedroom #4: 17×9 (second floor)
What an absolutely beautiful home!! The buyers are very lucky indeed to find such a great place. I wish them all the luck.
Ah, the linoleum thread.
If this is really 4,400 sq ft (and it may not be) and it sold for $148 psf, this is a relatively good deal. I follow this area, although not too closely, but most homes in the area are selling north of $200 psf and $250 psf or far higher if the home is move in ready. The home originally listed at $899,000 reflects the $200+ psf pricing for the area, so $148 means either this is a ‘deal’ or is priced appropriately to reflect the tremendous amount of work the home might need. I suspect the latter, and it probably needs $50psf worth of work $200,000 to gut the kitchen and make a chef’s kitchen suitable for a 4,400 sq home home; and a few bathrooms, update the electrical, probably some specialized roofing work, etc. The finished product will probably make this at least $250 psf home which is in line with what is selling in the area.
She’s a beaut. Just hope whoever snagged her will treat her right.
Awhhhhh…you’re right anon : )
“I suspect the latter, and it probably needs $50psf worth of work $200,000 to gut the kitchen and make a chef’s kitchen suitable for a 4,400 sq home home”
Why does everything need to be renovated? Why do people need a “chef’s kitchen”? HD – don’t you realize that money is tight all around. These people were lucky enough to be able to afford this place. They shouldn’t overextend themselves to do a renovation. They have already put in enough money into real estate for awhile. I just hope they don’t turn into “knifecatchers”
I agree with Clio.
“Why does everything need to be renovated? Why do people need a “chef’s kitchen”? HD – don’t you realize that money is tight all around. These people were lucky enough to be able to afford this place. They shouldn’t overextend themselves to do a renovation. They have already put in enough money into real estate for awhile. I just hope they don’t turn into “knifecatchers””
just updated the electrical and the mechanical, throw on some new paint and your good.
I have a old crown stove and white appliances. not everyone need viking to make scrambled eggs.
btw i like the new clio
I agree with Roma-tehy don’t build them like they used to.
I hope the new owners have good taste and enough cash to do a rehab that fits with the style of the house.This is the type of place that you live in for many years.
Congrats to the buyers.
clio, dan#2, groove – you are wrong. Someone who is willing to spend $650,000 on a vintage home in Sag is not going to settle for an old stove, 1950’s bathrooms and plaster falling off the walls. The renovations may not start immediately, it may be a 2 or 3 year process, but most assuredly, these renovations WILL happen. You’re god damn ignorant if you think some buyer with the type of income to afford $650,000 in SAG is going to settle for anything less than the best. Dont be so f**king stupid.
I actually agree with the new Clio about the kitchen.
jenny – you are wrong too. the didn’t show a picture of the kitchen because it is so horrible. it will be gutted. jesus you are all dense this morning. go drink some coffee.
Actually, my parents had an nice, older home when I was a kid. They are in the income who could afford a place like this and currently home a new home worth slightly less than this one. They don’t care about having a chef’s kitchen super duper bathrooms. The even picked white appliances for their new home because that’s what they wanted.
Given the recent changes of character in Clio and HD, it is predicted that:
– groove will become grumpy and nasty.
– G will become friendly and fun like Groove.
– Miumiu will start shopping at Walmart and eating at Burger King.
– Bob will donate some money to a poor person of color.
– Jenny will buy in a big building and constantly chat people in the elevator.
– Sabrina will become JZ (you know what I mean).
– Ze will come to Jesus and start an anti drug war.
– Sara Palin will start reading.
Seeing the price this went for makes me wonder what other bargains might be out there. It’s amazing I could actually afford a place like this.
I vote the buyer does $100+K in renovations, minimum.
“I vote the buyer does $100+K in renovations, minimum.”
$100k+ budget, prolly $150k+ final tally. The master bath they will likely put in will (or should) lead to a cascade of plumbing replacement.
HD – I don’t think anyone on here is “ignorant” – quite the contrary – everyone is incredibly cognizant of the financial constraints that exist. People in this price range may not have the cash money (or desire) to do extensive renovations (especially when they understand that they may never see a return on their money).
Remember, the big renovation boom in the 2000s was fueled by the concept that all the money could be regained several fold when you sold. Everyone now realizes this is not true – so only the most needed renovations will be done.
I think of Sauganash as a very keep-up-with-the-jonses type of hood (personally, I love the housing stock but the people…not so much). Gotta agree with HD (in a less, umm, grumpy and nasty way) that it’s highly likely the buyers will be renovating. Just have to hope they do it well.
roma, HD – I have to respectfully disagree. Where are the new buyers going to come up with the cash for renovations? They probably put down 130k for the house – to expect them to put another 100-150k cash for renovations is crazy!!! Nobody who is buying this house in this neighborhood has that kind of “unspoken for” cash.
Clio – they’re going to get a construction loan or rehab loan from Wells Fargo. All they need to do is come up with 20% down of the total. So if it sold for $650,000, + $150,000 renovation =$800,000 total price needs a $160,000 down payment. The down payment on the $650,000 is only $130,000, and for $30,000 more you can borrow the reno amount. You should stick to taking x-rays or changing bedbans, whatever the hell it is you do. you know nothing, nothing at all about real estate or math.
A similar 4,000 sf house in east Glencoe ( a very keep-up-with-the-jonses type of burb (personally, I love the housing stock but the people…not so much) would cost $300 psf, so the buyer here can afford the reno, using a suburban house as a comp. Saug is practically a suburb anyway.
what will happen if this is reno’d per new HD’s propably correct speculation.
the kitchen will end up one of three ways;
1. country style if the buying family is 55 or older.
2. will end up looking like every kitchen in the town of Inverness (or “the glen”)
3. will be pottery barn’d to death.
any which will kill the feel of the home. which will just be a classic beautiful shell with vanilla soulless inside, just like all the girls in LP.
you have no idea what yo’ure talkinga about groove, the kitchen on the inside may have totally killed the look that’s why they didn’t show it in the picture.s it may have 80’s euro cabinets right now for all you know.
i’m sure the buyer will do it tastefully unlike your totally baseless and specious assumptions about the buyer. sounds more like class envy to me than anything else. you really should stop looking down on people just because they have more than you. it’s just an insecurity on your part coming through.
“you really should stop looking down on people just because they have more than you. it’s just an insecurity on your part coming through.”
you are correct i do need to shit back and do some reflecting, i need to really work on myself.
my apologies if my inner demons are projecting on to others taste in choices.
“you are correct i do need to shit back and do some reflecting, i need to really work on myself.”
LOL nice typo
Groove:
It really sounds like HD was stuck at a work (or, heaven forfend, obnoxious, uppity family) BBQ or something this weekend; we should be nice to him today.
“LOL nice typo”
*Disclaimer-some are intentional, others freudian, the rest are due to k-12 CPS learnings 😀
“Groove:
It really sounds like HD was stuck at a work (or, heaven forfend, obnoxious, uppity family) BBQ or something this weekend; we should be nice to him today.”
or most plausible is that Clio and HD ran into each other in real life and have a good bet/game going on.
“which will just be a classic beautiful shell with vanilla soulless inside, just like all the girls in LP.”
Phew! It’s only Monday and we’ve already met our Groove-is-OBSESSED-with-and-has-MAJOR-issues-with-LP quota.
Honestly, I don’t think buyers are running out, buying houses and then eager to renovate. Who has that type of money anymore? Nobody I know would EVER do that in this economic climate.
“Groove-is-OBSESSED-with-and-has-MAJOR-issues-with-LP quota”
please see HD’s qoute below for reasons why;
#homedelete on August 1st, 2011 at 11:53 am
i’m sure the buyer will do it tastefully unlike your totally baseless and specious assumptions about the buyer. sounds more like class envy to me than anything else. you really should stop looking down on people just because they have more than you. it’s just an insecurity on your part coming through.
My weekend was good. This is the inordinate obnoxious hd persona, it should last a few days.
This has all been part of my practice for my script I’m going to start writing in the fall, I’m trying out various characters on cribchatter.
“or most plausible is that Clio and HD ran into each other in real life and have a good bet/game going on.”
AH HA!!! Now it’s starting to make sense! HD and Clio simultaneously touched a jade tiki doll while concurrently exclaiming “You know nothing about Real Estate” causing them to switch bodies the following morning.
clio you moron, this buyer got a DEAL ta $148 because he/she is willing to do the renovations themselves. There’s slim pickings out there and sometimes if you want a market priced home you need to get a fixer upper and renovate the work yourself. I showed above you only need $30,000 more to get a renov loan thorugh any major bank. the best deals around are for those willing to take the plunge and renovate.
“Now it’s starting to make sense! HD and Clio simultaneously touched a jade tiki doll while concurrently exclaiming “You know nothing about Real Estate” causing them to switch bodies the following morning.”
i knew the day wasnt complete, then ZE to the rescue. i will buy you a cape. please wear this while you post on CC.
“clio you moron, this buyer got a DEAL ta $148 because he/she is willing to do the renovations themselves.”
HD – it is really not very nice to call people names like you are doing this morning. I am simply trying to state the fact that most people out there are hurting for money. It is painful enough to pay such a large downpayment in cash, but very very few (if any) will take on a renovation project as well. NOBODY is that secure with their job/economy – and if they are, they are being foolish.
” i will buy you a cape”
Do you realize how much fun that would be to wear to work one day. You would sooooo trump ‘bow-tie guy’ with one of those. Hell maybe a mask too. Just sit down in your chair like all is totally normal.
thats it if clio starts quoting that people have debts to pay school loans, daycare, cable bill, two car notes, etc. and posts links to bet up houses off a freeway exit ramp. THEN I WILL QUIT.
“Just sit down in your chair like all is totally normal.”
if you do anything odd like its normal, thats what makes it funny. i.e.
*page yourself on the intercom, but don’t disguise your voice
*when out order Diet water
*go to a fast food place order a small coke butt ask them to put it a large cup and fill it to the top
*Specify That Your Drive-through Order Is “To Go.”
*As Often As Possible, Skip Rather Than Walk
*Finish All Your sentences with “In Accordance With The Prophecy”
*At Lunch Time, Sit In Your Parked Car With Sunglasses on and point a Hair Dryer At Passing Cars. See If They Slow Down
dlsclaimer not all are groove originals
4400 sq feet had to include the basement.
“or most plausible is that Clio and HD ran into each other in real life and have a good bet/game going on”
Haaaaaaa, haaaaaaa, that was perfect! What the heck is going on here folks. Is the heat getting to everyone? I have been very busy and I am tuning in on occasion but can not keep up. The world is constantly evolving and so are the people.
BTW still love the place and suspect that the owners are a younger couple with kids that have bought their 30 year home. They will likely do some renovations before moving in then get the feel for the space and do more reno over the next 5 years. If they have a good vision then it will be a logical and period/style appropriate look. That would be great.
Hope that they are not too shocked when they meet some of their interesting and slightly pompous neighbors in Sauganash.
I doubt this house will remain as is. I think the question is whether it was bought by someone who will update it and live in it long term, or whether it was bought by someone who will try to flip it. I hope the prior, and in that case, the type of kitchen they put in (which I hope will fit with the house) doesn’t matter as it’ll be whatever they will enjoy and it’ll probably be time to replace it when they sell. If it is someone trying to flip….the kitchen and/or baths will probably end up gaudy or out of character and we’ll see how much/if they make money.
Sabrina will be quoting me in six months if I am wrong but I say there is NO way this was purchased as a flip. It is a end user for sure! Even money bet’s available on this one. Call me…..
Somebody got a very , very good deal here. I love this house and would buy it in a heartbeat could I afford it.
Very good deal for the money.
Good deal for the money until you put $150,000 into it; and then it’s just in line with the average home price on a psf basis.
“ood deal for the money until you put $150,000 into it; and then it’s just in line with the average home price on a psf basis.”
but they can do it slowly over time and according to their own taste.
“but they can do it slowly over time and according to their own taste.”
that’s a myth. Like clio said, who after putting $130,000 down on this house has the cash to renovate? Who has $50,000 for a kitchen; and $40,000 to renovate teh basement, and $15k for the roof, and $50k for plumbing, etc. buyers borrow it all at once and pay it off through the mortgage. HELOC’s used to pay for renovations, additions, etc. but HELOC’s are much more difficult to come by tehse days.
This ask price is a joke there are greystones in west lakeview for 350k these days.
“but they can do it slowly over time and according to their own taste.”
There are a few people who can (and will) renovate- but for 99% of buyers right now, they want move in ready- including having the kitchen all shiny and new with stainless steel and granite.
The other aspects of renovating here – I can tell you from experience – is that it’s damn expensive. While there is a show on HGTV where two brothers totally upgrade a house for i.e., $80-$90k (my surmise is they throw in the labor for free to get to that low, low number), unless you do significant work yourself everything costs more than anticipated. Particularly things that you tend not to figure in, like painting, window treatments, lighting fixtures, plumbing repairs, etc. That ~$200k worth of work that HD is estimating will take every penny of that, even if the homeowners start out with a much lower budget.
“Built in 1930, it had a distinctive slate tile roof.”
That’s clay tile, not slate.
“There are a few people who can (and will) renovate- but for 99% of buyers right now, they want move in ready- including having the kitchen all shiny and new with stainless steel and granite.”
This is probably true. Every one wants instant gratification. No wonder people are so unhappy. There is a joy in working for what you want and not getting an instant inferior substitute.
“This ask price is a joke there are greystones in west lakeview for 350k these days.”
Oops wrong thread.
It’s more than instant gratification, it’s about living in a house that has 21st century standards. This is a large house in an exclusive neighborhood in chicago, it’s going to be nice. we aren’t talking about teh $160,000 1960’s ranch in Dunning here.
“That’s clay tile, not slate.”
Heh, I asked the question in the prior thread. Missed that it was repeated as “slate”.
““That’s clay tile, not slate.”
Heh, I asked the question in the prior thread. Missed that it was repeated as “slate”.”
anyone know the benefits over regular roofs? besides looking dang awesome?
i wonder what the cost difference is in material and i bet labor is a jump up cause doesnt seem easy to work with?
Isn’t a clay tile roof about 3x or 4x more expensive than asphalt shingles? I’ve heard that they last 50+ years though.
I take that back…from researching briefly, looks like they are about 2x more than asphalt shingles and can last 75+ years.
“I take that back…from researching briefly, looks like they are about 2x more than asphalt shingles and can last 75+ years.”
never handle one of those, they have to be heavier and require additional support?
i have only ever seen them on brick houses, is that due to aesthetics or structural?
yeah they can last 75 years but not in Chicago, maybe arizona or california or some other nice weather state