The “As-Is” Million Dollar River North Rowhouse Sells: 431 W. Superior
We last chattered about this “as-is” 4-bedroom rowhouse at 431 W. Superior in River North in September 2010.
See our September 2010 chatter and pictures here.
At that time, the rowhouse had been on the market a month and had been reduced $275,000.
If you recall, the pictures indicated the kitchen and baths were intact.
Built on a 27×110 lot, the rowhouse had 4 terraces with 7342 square feet.
In September, some of you thought that current list was a deal.
The property sold in February 2011 for $525,000 under the September list price.
Did someone get a steal?
Henry Jones at Jones Realty has the listing.
431 W. Superior: 4 bedrooms, 4.5 baths, 7342 square feet, 2 car garage
- I couldn’t locate a prior purchase price
- Originally listed in August 2010 for $2.375 million
- Reduced
- Was listed in September 2010 as “as is” for $2.1 million
- Sold in February 2011 for $1.575 million
- Taxes are “new”
- Central Air
- Bedroom #1: 17×20 (third floor)
- Bedroom #2: 22×13 (third floor)
- Bedroom #3: 15×12 (third floor)
- Bedroom #4: 18×12 (main floor)
“In September, some of you thought that current list was a deal.”
And, shockingly, Clio wasn’t part of that consensus. Apparently, it is too near to the court he went to pay off his Lambo impoundment fees.
Huge deal! This person scored big.
I dunno what was funnier about clio’s post. Its a toss up between the Lambo impoundment vs him claiming to have friends.
“I dunno what was funnier about clio’s post. Its a toss up between the Lambo impoundment vs him claiming to have friends”
and the winnier this week is……BOB!
You guys are gonna push him over the edge. HE HASN’T GIVEN HIS PERMISSION FOR YOU TO DISCUSS HIM!!!
On this property, I like this and it seems like someone got a relatively good deal. I expect that he as-is and the tax situation would scare of a lot of people who could afford a property like this, so they were looking at a pretty small subset of buyers. If they wanted to wait for a year or more, I’m sure that they could have gotten a lot more for it.
I’ve been in one of the ones facing Huron, huge place.
I think the area is great and this building looks very nice. However it is hard to say if anyone got a great deal without knowing the details of its “as-is” condition. Assuming everything is as perfect as can be expected for a 9 year old property then yes, this was a good deal.
215 a sqft in this area for an enormous house like this is a great deal
“I think the area is great and this building looks very nice. However it is hard to say if anyone got a great deal without knowing the details of its “as-is” condition. Assuming everything is as perfect as can be expected for a 9 year old property then yes, this was a good deal.”
Last thread said there was significant water damage:
“I have been in the property. The VPS boarding is pretty bad, but the main problem is water damage and mold. At one point there were seevral inches of water in that basement judging by the water marks in some places. Also water coming down from the upper floors.”
whats it take to remediate a few inchies of water/mold in a basement on a place like this? 100k max?
still a damn good deal
and clio’s post from the previous chatter is frickin hilarious, what a troll
“whats it take to remediate a few inchies of water/mold in a basement on a place like this? 100k max? ”
Note the assertion of “water coming down from the upper floors”.
If correct, possibly need to remove *all* sheetrock and trim and start over. Still not terribly expensive (ie, only enough to buy a 2/2 condo, not a SFH), if there is not substantial mold remediation required. But it was probably a pig in a poke, as generally your inspection rights don’t extend to poking a hole in *every* wall.
“whats it take to remediate a few inchies of water/mold in a basement on a place like this? 100k max?”
It could easily be much, much more in a property like this one. The first step is to find where the water is coming in and stop that. This often involves ripping out drywall and finishes which might not be damaged. This can be quite difficult in a big property, and you have to make sure that the water is done coming in before you do any repairs. After you truly stop the water, you should remove all the materials that got wet, do mold remediation as appropriate and rebuild.
On an as-is property like this you would still get to do an inspection, but you likely would not be allowed to pull drywall and really try to determine the extent of the problem.
This is definitely a lot of house for 1.5 but the just looking at it you can tell the construction is shit. I bet they find McDonalds wrappers behind every piece of drywall they remove.
With some work this place could be really nice.
“I bet they find McDonalds wrappers behind every piece of drywall they remove.”
Not red bull empties?
“but the just looking at it you can tell the construction is shit. ”
based on some iphone photos taken by a bank realtor?
lol oook dude, put the bong down now
Was this the one with the abandoned cat?
Ok sonies.. fair enough I’ll retract my statement and go with. Several rooms look at best like an unfinished design room at a Home Depot Expo and it’s only the flooring, trim, and stairwells that look like shit construction.
I wonder how many of these are bank owned. This one just got listed.
http://www.redfin.com/IL/Chicago/430-W-Huron-St-60654/home/21875540