Suburbs in the City with a 5-Car Garage: 1345 W. Wolfram in Lakeview
This 6-bedroom single family home at 1345 W. Wolfram in Lakeview has been on the market since September 2012.
It is on a rare double lot measuring 52×124.6 which allows it to have that other rare feature: the 5 car garage.
At 9050 square feet, it has 7 full bathrooms and 2 half baths.
It has 4 decks and a basketball court.
If you have a lot of children using those bedrooms, there is a lower level nanny’s quarters complete with a full kitchen.
The double lot allows you to have 4 bedrooms on the same level, all with ensuite bathrooms.
The kitchen is gourmet with luxury stainless steel appliances.
If you don’t want to walk up and down all the stairs, there is an elevator.
Originally listed over a year ago, it has been reduced $245,999 to $2.95 million.
What’s holding back a sale on this house?
Jennifer Ames at Coldwell Banker has the listing. See the pictures and the floorplan here.
1345 W. Wolfram: 6 bedrooms, 7 full baths, 2 half baths, 9050 square feet, 5 car garage
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- I couldn’t find a prior sales price
- Originally listed in September 2012 for $3,195,999
- Reduced
- Currently listed at $2.95 million
- Taxes of $11,866
- Central Air
- 3 fireplaces
- Nanny’s quarter with kitchen
- Bedroom #1: 21×15 (second floor)
- Bedroom #2: 15×14 (second floor)
- Bedroom #3: 11×15 (second floor)
- Bedroom #4: 11×18 (second floor)
- Bedroom #5: 11×13 (third floor)
- Bedroom #6: 8×16 (lower level)
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“Taxes of $11,866”
What the? Should be almost 5x that! Are we sure there isn’t a second pin and second tax bill?
“What’s holding back a sale on this house?”
Only so much demand for $3m homes, regardless of how big. And this block doesn’t scream “3m location”.
Does anyone know how prices are doing in Lake View in general. With all the crime that you read about on the interwebs that supposedly is taking place there one would think prices would be falling. A lot.
2 full baths in the master? wowsa
“With all the crime that you read about on the interwebs that supposedly is taking place there one would think prices would be falling.”
What crimes? Something outside of the usual muggings/car break-ins? Which neighborhoods of Lakeview are you talking about?
This house is pretty far west.
By the way- I ran out of time to do two posts last night so this will be the only one today.
“Are we sure there isn’t a second pin and second tax bill?”
anon(tfo): this was my first thought.
“four above-grade levels” [from the listing]
So the basement feeling level is counted as above grade? Which would make this, of course, piano nobile.
“Only so much demand for $3m homes, regardless of how big.”
The style is a little weird isn’t it? Was this built for someone else before? E.g. fireplaces all seem odd.
This looks like two houses that were combined into one. Look at the lower picture on the 3rd page of the brochure, and also notice the elevation changes. If that is the case, it might be cause for market lingering at that price point.
Warning: only visit this blog if you want to be truly frightened by knowing the real amount of violent crime which occurs in the Wrigleyville/Boystown area:
http://crimeinboystown.blogspot.com/
Luckily, most of it happens only between 10pm and 5am, so as long as you lock yourself inside every night, you *should* be ok.
My wife told me to start visiting the site and it makes me think more about moving somewhere else…
What’s with the American flag tiled into the bathroom floor? And the mirror in that bathroom? Who the hell decorated this place? George Bush after a 12 pack?
That is some hot late 90’s style!
I find people’s perceptions of crime in various neighborhoods to be largely based on nothing but reputation. Lakeview actually has a pretty high crime rate.
What’s with the American flag tiled into the bathroom floor? And the mirror in that bathroom? Who the hell decorated this place? George Bush after a 12 pack and an 8-ball?
interesting house, so fricking massive, but why couldn’t they brick the place all the way around? that wood or whatever siding on the sides just looks so cheap and crappy, I dont think this was 2 homes combined, the layout seems to not justify that theory. Will take someone with a lot of money and a big family to buy this place, neighborhood is fantastic though, and this isn’t anywhere near the crap on broadway in boystown, its like a whole nother world here…
““Are we sure there isn’t a second pin and second tax bill?”
anon(tfo): this was my first thought.”
Appears that there is a 2d pin, but that is the accurate aggregate bill. But each of the pins is listed by the assessor as “2 apartments” (which would lead to lower comps than SFH, and *much* lower comps than a 7000 sf SFH). Aggregate AV for the 2 is $95k, so I’m still surprised that the tax bill is that low.
Looks like he’s double-dipping on the HO exemption–AND getting a much larger than standard one–the assessor’s website sez that *each* parcel got a $2600+ HO exemption for 2012 (so, $5200 savings). Mine, for comparison, was worth $450.
those taxes are pretty criminally low if you ask me. was the first thing that stuck out when I saw this page
Oh, hadn’t looked at the floorplan–owner (a developer, it would appear) kept the nanny quarters as a bona fide separable “apartment” probably mainly as a tax dodge. I would do the same thing, in his shoes.
The Homeowner Exemption thing *really* bugs me, tho.
Ostentatious house on sub par street in a ho-hum location.
For $3M, there are many other places to be where you don’t stick out like a sore thumb.
When people say “suburbs in the city” they usually mean some dreadful gated townhome community that everyone else hates.
Two full master baths! That is perfect. I don’t know why it’s not more common. Sharing a bathroom is gross.
Taxes may be low if they just combined two houses rather than a new build. Still seem a little low to me.
“Taxes may be low if they just combined two houses rather than a new build. Still seem a little low to me.”
There’s no HIE shown by the assessor. This is a dude who knows somebody at the Assessor’s office.
this was a six flat converted to a two unit. ground level nanny quarters for tax dodge and the rest one unit. HUGE….. rehabbed approx 1998.
That crime in boystown site is maybe the most irresponsible and sensationalistic piece of “journalism” ever. Maybe even worse that chicagonewsreport.com. They basically just listen to the scanner and write what the hear, never actually confirming facts with police and pretty much just scaring the crap out of the midwest transplants who want an excuse to move to the burbs.
“That crime in boystown site is maybe the most irresponsible and sensationalistic piece of “journalism” ever. Maybe even worse that chicagonewsreport.com.”
1. Nowhere close to the *comments* on CNR.
2. How do you feel about SCC, and, especially, the comments thereon?
Yes, this place has two full master baths, but do you notice no tub in either of them?
This house is full of oddities like that. The elevation changes, the large but narrow rooms (27′ long living room but only 12′ wide? My living room is wider!), the fairly useless space below the den in the kitchen, etc.
I just don’t understand how this house was put together. If I had 9000 sq ft to play with this would be the LAST way I’d lay it out.