Selling for Less than the 2006 Price: 1862 N. Halsted in Lincoln Park
We chattered about this top floor unit at 1862 N. Halsted in Lincoln Park in September 2008.
It has been reduced $30,000.
Here’s the listing again:
Extra wide classic space! Cathedral ceiling, wood-burning fireplace, defined bay window dining area! Loft living space (19′ 8″ x 15′) with circular staircase from great room/kitchen. Kitchen with beautiful granite counters and breakfast bar, convenient to great room and lofted room!
Master bedroom with master bath plus French doors lead to large private deck. Common roof deck! Private one-car attached garage. Sellers relocation out of state must sell!
Isabel Mikell at Koenig & Strey has the listing. See more pictures here.
Unit #3S: 2 bedrooms, 2 baths, no square footage given
- Sold in April 1993 for $190,000
- Sold in November 1998 for $325,000
- Sold in November 2002 for $424,500
- Sold in April 2006 for $476,000
- Was listed in September 2008 for $499,000 (included parking)
- Reduced
- Currently listed for $469,000 (includes the parking)
- Assessments of $242 a month
- Taxes of $6,098
- Central air
This seller paid peak prices and is now trying to get out without taking too much of a hit. Sorry when you buy at the peak and the market turns south and you need to sell in two years you are going to take a bigger hit than 7k (+ realtor fees).
Beautiful unit but I don’t think a 30k reduction from ask, or a 7k reduction from peak prices, will drum up much interest in this market. I see this unit selling for upper 300s if they are lucky.
Does anyone know if the lofted area is being considered the “2nd bedroom”? It looks like it from the pictures.
John999, I have the same question!