Seamless Indoor/Outdoor Living Townhouse Returns: 820 W. Wolfram in Lakeview
This 3-bedroom townhouse at 820 W. Wolfram in Lakeview recently came on the market.
If it looks familiar, that’s because we chattered about it several times over the last couple of years including a year ago, in October 2018, when it re-sold for $60,000 under the 2014 sales price.
You can see our chatter here.
If you recall, this 6-unit complex was built in 1979.
This unit is a front, street facing unit, which was remodeled with all modern finishes in 2014.
It has a glass wall that opens to a protected, brick walled landscaped garden that faces the street thus the “indoor/outdoor” seamless living.
The kitchen has white modern cabinets with Wolf, Bosch and Subzero appliances and waterfall countertops.
There are frosted sliding room doors and walls of marble.
The third bedroom is on the third floor with the other two bedrooms on the second floor.
This floor has walls of solid glass doors that opened and closed depending on how you want to define the space.
There is no basement.
The townhouse has the other features buyers look for including central air and an outdoor parking space.
This property is fee simple, which means no assessments.
It has come back on the market just a year later for $9888 more than last year’s sale at $724,888.
What will happen with the selling price this time around?
Matt Laricy at Americorp has the listing. See the pictures and floor plan here.
Unit #F: 3 bedrooms, 2 baths, no square footage listed once again (but old listings show these townhouses as 1530 square feet)
- Sold in April 1990 for $360,000
- Sold in November 1993 for $197,000
- Sold in August 2013 for $80,000 (according to public records)
- Renovated
- Originally listed in June 2014 for $799,000
- Sold in August 2014 for $775,000
- Sold in October 2018 for $715,000
- Listed in October 2019 for $724,888
- No assessments because it’s fee simple
- Taxes are now $9,362 but they were $11,220 in 2018 and $6916 in 2014
- Central Air
- Parking included
- Washer/dryer in the unit
- Bedroom #1: 17×15 (third floor)
- Bedroom #2: 12×11 (second floor)
- Bedroom #3: 12×11 (second floor)
- Terrace: 20×15
Why call it a 3 bedroom and then label one of the bedrooms a family room on the floor plan. Pick one. And if you pick bedroom, I hope everyone likes hanging out in the one living space. I will say, nice photos.
Well, I hope for their sake I am wrong, but this just isn’t the type of real estate market we are in. It isn’t 2004 where you can barely occupy a unit and sell it and even hope to get a portion of the transaction costs back.
Also, why on earth is this unit so expensive? Even as a three bed which I don’t quite think it is, I feel it is about $100K over-priced….
lol they lived in it for a year… perhaps co-habitating with insects isn’t their jam?
“Sold in August 2014 for $775,000
Sold in October 2018 for $715,000”
So, thru a period where Chicago C-S index was up 12.8%, this place declined by 7.75%.
If they need out, should list for $699.