Testing the Upper Limits of Prices in Old Town: A 3-Bedroom at 1414 N. Wells
This 3-bedroom in 1414 N. Wells in Old Town recently came on the market.
This building was constructed in 1995.
It has 51 units and a heated parking garage but it is not a full service building. There’s no doorman.
This is a penthouse unit with south facing windows.
It has been renovated in the last decade and sports crown molding and wainscoting.
The kitchen has white cabinets, Subzero and Viking appliances, along with a Subzero wine fridge, and a huge kitchen island with marble counter tops.
The master bathroom has a skylight. There’s also a custom walk-in closet.
The third bedroom has French doors with millwork and a custom workstation.
This unit has a rare side-by-side washer/dryer.
There are two private 9×12 terraces as well as central air.
It also has 2 heated garage parking spaces for $80,000 extra.
Listed at $1.795 million, I thought this might be the “Johnny Depp” unit we chattered about in 2008 as that unit was also listed over $1 million.
But that was Unit #502. You can see that chatter, and pictures, here.
That leaves this unit as one of the most expensive ever listed in the building.
Old Town has always been hot, even during the housing bust.
But is it a neighborhood where 3-bedroom condos sell for over $1.8 million?
Emily Smart Le Mire at Coldwell Banker has the listing. See the pictures here.
Unit #607: 3 bedrooms, 2 baths, no square footage listed
- Sold in July 1996 for $465,000 (2 parking spaces included)
- Sold in March 2006 for $915,000 (2 parking spaces included)
- Sold in November 2010 for $925,000 (2 parking spaces included)
- Currently listed for $1.795 million (2 parking spaces are $80,000 extra)
- Assessments of $1072 a month (includes cable, exterior maintenance, scavenger, snow removal)
- Taxes of $17,471
- Central Air
- Side-by-side washer/dryer in the unit
- Bedroom #1: 16×15
- Bedroom #2: 13×12
- Bedroom #3: 13×10
- Foyer: 16×14
- Walk-in-closet: 11×10
They need to remember its puff, puff, pass
HAHAHAHAHHAHA
thank you though for the floor layout. seriously; all listings unfortunately don’t have a floor layout
In this case it was puff, puff, puff, price. And will be pass, pass, pass.
Sabrina, I think you linked to the wrong pictures. I’m not seeing a $1.795 million property.
These people are bat shit crazy.
AND PEOPLE CALL ME CRAZY LOLZ!!!!!!!!
GO CUBBIES!!!!!!!
I NEED AN OLD STYLE AND SOME (—_______—)
It’s beautiful but you should only sink that amount of money into a condo in this location if you’re planning on going out feet first.
Seems delusional, yeah. Wonder what the other one eventually sold for, if it did.
“But is it a neighborhood where 3-bedroom condos sell for over $1.8 million?”
Sure, maybe, but not in this building.
IF that is what a $1.8m 2+den looks like (I’m dubious), it’s still not a building that you want to pay that much in.
“Wonder what the other one eventually sold for, if it did.”
Sold for $1.125, in Jul-09, with 2 parking spaces. Buyer’s subsequently (Nov-12) bought the unit next door for $477k.
I wouldn’t want my parking spaces to be next to everyone’s garage storage… people are so careless and would ding up my cars!!!
maybe the realtor fat finger’d the price? should be 1.195 or 1.495?
Lolz. You can get a SFH in Old Town for that kind of money.
When I first moved to Old Town I went to a CAPS meeting because there had been a rash of gang shootouts and a murder not two blocks west of this place and pretty much everyone in attendance wanted to speak with the police about what was being done about the gangs etc. Everyone except for this one guy that had just bought a unit in this building (or a similar one a block away across from Old Town Pour House) ….that guy wanted to bitch about the street noise generated by the late night bar crowds. He bought a condo across the street from a bar and wanted to complain to the police about the noise in a packed CAPS meeting where everyone else wanted to talk about actual crime….sort of colored my impression of the folks who buy units like this 😉
At least this unit has the bedrooms set towards the back away from the street. I have looked at other units in this building where I believe bedrooms have a view of the street.
Ha….Just checked. This is in fact the building that the noob had bought a unit in.
I don’t mean to sound snarky, but this might be a good buy at half the price. And charging $80,000 extra for parking on top of nearly $1.8 million for a unit that looks like a 1995 Pottery Barn special seems pretty parsimonious.
Everyone seems delusional these days about pricing, not sure why that is. I know it’s a tight market but who would spend over $10k a month to live on a busy bar street, a few blocks from the Marshall Field homes. On top of it, every morning and afternoon, you have hundreds of SUV’s in front of your place for the CC school. With that price, you could find a nice place in the GC.