The Bank Loses Patience, Cuts This 3-Bedroom SFH By 31%: 2035 W. Hutchinson in North Center
This 3-bedroom newer construction single family home at 2035 W. Hutchinson in North Center has been on and off the market since October 2008.
The bank took possession in May 2010 but hasn’t been in a hurry to sell it as the price was only cut once in those 15 months.
But a few days ago, the bank did a “drama” price reduction, cutting the asking price by 31% from to $750,000 from $1.095 million.
The house is new construction and built on a 29×117 lot.
It has two wood burning fireplaces and 8″ mahogany doors.
The kitchen has granite counter tops but no appliances.
The listing says that the master bedroom is on the main floor and the other 2 are on the second floor.
There is also a 2-car garage with a garage top deck.
Will the price cut get the sale done?
Jason Shapiro at Rising Realty has the listing. See the pictures here.
2035 W. Hutchinson: 3 bedrooms, 3.5 baths, 2 car garage, no square footage listed
- Sold in September 2005 for $495,000
- Originally listed in October 2008 (I couldn’t find an original list price)
- Lis pendens filed in July 2009
- Bank owned in May 2010
- Originally listed by the bank in July 2010 for $1.25 million
- Reduced
- Was listed in August 2010 for $1.095 million
- Reduced in August 2011
- Currently listed for $750,000
- Taxes of $18,976
- Central Air
- Bedroom #1: 14×10 (main level)
- Bedroom #2: 12×9 (second floor)
- Bedroom #3: 11×11 (second floor)
Your picture doesn’t look like the one in the listing.
OMG!! Thanks for the heads up on this. I want it!!! Now if I can just make those taxes go away.
Haven’t looked but am v sure this is in Coonley. How in the world is that not in the listing for this kind of property? I suspect (would hope) most people would know anyway, but still.
Unless there’s something egregiously wrong or is much more unfinished than it seems from quick look (much more than lack of appliances), it’s got to go for more than ask, as is prob the intention from listing price. Personally, I do not like the style at all.
Ha, scratch that. The “picture” was an ad.
It’s in Coonley.
Yes, Coonley.
Condition of that paver area would be a concern, as it appears to be elevated in some fashion. Wood floors don’t look great in the pix. Don’t like seeing subfloor that doesn’t look brand new.
But, definitely designed to encourage bidding, and will prolly sell (a little) over ask, unless there are significant problems. Wouldn’t count on the taxes dropping much more than maybe 20%, and the AV will bounce back up at the next re-assessment, unless the neighborhood market really falls.
$750k should clearly get it done, although it might not be too much above that. Lots of pluses and minuses. At least this is finally a realistic list price.
I am shocked that this would ever be listed at the $1.2 let alone the $750 with such small rooms. Unless those measurements are incorrect. Which they might be given the overhead map makes this property look very long especially compared to the neighbors. Something isn’t adding up here.
Virtual Tour shows a lot more pictures. MLS details are definitely not accurate. Still wouldn’t drop $750 on a house with a galley-like kitchen.
“I am shocked that this would ever be listed at the $1.2 let alone the $750 with such small rooms. Unless those measurements are incorrect”
All sorts of wrong in the listing.
No way the MBR is on the first floor. Assessor sez it has 4.5 baths. Etc, etc.
Were I given to conspiracy theories, I’d think the mistakes are intentional to keep non-preferred buyers from expressing interest–I suspect it’s just typical REO sloppiness, but one never knows.
Also–the recent price drop could be related to a flooded basement, as (1) lots of basement flooding around NC in July, and (2) no basement pix.
Also, even if no water issues, if the basement is basically raw, this wasn’t ever going to break $1mm, post Lehman.
“8? mahogany doors”
LOL, remionds me of the Stonehenge scene in Spinal Tap!
Those taxes are going to be an issue at that price point. That is twice the tax anyone in that range is looking for and an extra ~$900 per month in taxes is hard to swallow
Anon-“The recent price drop could be related to a flooded basement, as (1) lots of basement flooding around NC in July, and (2) no basement pix.”
I bet your right!
This place was built [2005ish] when the developers thought “oh, yeah, we’ll get the rest of the old junk torn down soon”
Notwithstanding the recent stockmarket selloff – this is a deal. I went through this place twice and it’s beautiful. Needs about $50,000 – $75,000 to complete in my estimation (I think the basement isn’t shown because it isn’t quite finshed). Coonley district, nice block, if I was liquid enough I’d put in a cash offer at the ask.
Maybe the house is a deal but the taxes aren’t.
Some nice details but floors look horrible, patio is a train wreck.
And again with the property tax, whether or not it is correct. Maybe I need to move to the UK, where there isn’t a property tax.
The finishes are already starting to look a little dated. I think I read somewhere on CC that white is in again.
” whether or not it is correct”
It is correct, based on the assessed value for the property per the Cook County Assessor.
Joe – Is the kitchen really as galley-ish as it looks in the pictures?
“Maybe I need to move to the UK, where there isn’t a property tax.”
there is, its just called “council tax”
also enjoy your
income tax (32%+ on dividends, 40% on your CD’s and savings, and 40%+ on your actual working income)
value added tax
Inheritance tax
council tax
sales tax
stamp duty
excise duties
motoring tax
yeah… socialism is awesome! not
The finishes are already starting to look a little dated. I think I read somewhere on CC that white is in again.
First, don’t ever count on CC comments to give accuracy on much of anything–including whats in or out. There are alot of goofballs that say goofball things that you can’t take seriously. I think they get their ideas/comments from Joan Rivers. I could name names but they know who they are. Second, clearly, white appliances will not work in this cherry kitchen.
Sonies, LOL! Yes move to UK where the living is easy. I wonder if the father of the bride paid for that Kate Middleton to get married or was there a “royal wedding tax” involved?
“also enjoy your
income tax (32%+ on dividends, 40% on your CD’s and savings, and 40%+ on your actual working income)
value added tax
Inheritance tax
council tax
sales tax
stamp duty
excise duties
motoring tax”
I guess you really did not enjoy your time in England, and don’t forget the TV tax.
A couple of houses in my North Shore neighborhood were built around the same time as this one, in the mid-2000s. They were only 3 bedrooms (they were on adjoining lots, both of which were small for the area), and the developer asked over $800,000 each for them (this is back in 2007).
After being on the market for about a year, they eventually each sold in the mid-600s. Now they’re both on the market again, asking mid-500s. I don’t know what the foreclosure situation might be with them, but thinking it’s possible at least one was foreclosed.
This property (2035 Hutchinson) reminds me of those, because the price started out so crazy and is now getting realistic.
The talk about taxes in the UK reminds me of a certain Beatles song:
“If you drive a car, I’ll tax the street. If you try to sit, I’ll tax your seat. If you get too cold, I’ll tax the heat. If you take a walk I’ll tax your feet.”
I loved living in Oxfordshire but I remember the TV tax audit truck sweeping down our streets apparently testing for TV signals emanating from semi-detached homes & checking against tax receipts. Also our electicity & gas service were coin-operated – there were 2 meters – coinboxes closeted under stairs which we fed. Once a month a guy came by to count & rebate a portion. Power would fail during parties until we worked in the dark thru coats and popped in a few coins.
“Maybe I need to move to the UK, where there isn’t a property tax.”
Bwahahahahaha!
Amazingly the UK taxes are lower than most of the Western European countries, and yet they complain the most.
I can’t imagine the US having a tax audit truck sweeping down our US streets. The first thing for sale somewhere would be some device that scrambles the tax audit truck signals. UK taxes are lower than most? Well that is evident in most British People’s lack of dental care. Really bad teeth.
This house would be a great deal for the money were it not for the taxes.
Beautiful house, with very few mistakes in the details, in a nice neighborhood.
the British are masters of making even the most simple tasks, buerocratic, unnecessary and complicated and their socialized medicine sucks because anyone that has anything seriously wrong with them opts to pay for a private doctor because they don’t want to die! So yeah, 40% income + 20% sales(vat) taxes are teh awesomez!
Their medicine is great for simple things, something our system makes unduly complicated like getting amoxicillan for bronchitis. I was in and out of the doc in under a half hour and paid for my drugs right there. For more complicated things obviously not.
Medicine here is damn stupid and doctors shouldn’t be earning 200k/year to pass out antibiotics for bronchitis.
there was a house on claremont (i think), summer 08 on cc, similar to this one. listed for 1.2 or so, didnt sell for 2yrs. closed mid 700s. I cant find the link.
found it. http://cribchatter.com/?p=4696
Good eye CH. Yes, very similar homes and styles.
That house on Oakley sold in May 2009 for $833,900 from the bank.
Two years later- would it now be in the $700,000s???
Maybe- because prices HAVE continued to fall during that time.
“That house on Oakley sold in May 2009 for $833,900 from the bank.
Two years later- would it now be in the $700,000s???
Maybe- because prices HAVE continued to fall during that time.”
Kinda doubt it. Look at 4126 and 4128 Oakley, both under contract. Don’t know the closing prices but doubt they’ll close much, if at all, below $800K and (on a v quick look) seem inferior to 4125 Oakley.
4126 is under 500k, if i am looking right. 4125 was an reo.
this block of oakley is kind of tree-less. not a fan.
“4126 is under 500k, if i am looking right. 4125 was an reo.
this block of oakley is kind of tree-less. not a fan.”
I see in redfing 4126 and 4128 listed at $845K and $835K respectively and both under contract. My wife is a really big fan of trees and I’m coming around to her view. Could be a dealbreaker for us.
I wasnt looking right
http://www.urbanrealestate.com/property/4126-N-Oakley-CHICAGO-IL-60618-PCNKY2CIBCYUI.html
There’s a lot of pretty unremarkable places in Coonley (but meeting the usual checkbox “needs”) listed in the $800-900Ks that have sold or are under contract.
What is the frickin obsession with school districts in chicago? Stop fooling yourselves – you guys want your cake and want to eat it too. Sorry to burst your bubbles – but you can find much much much cheaper homes in much much much better school districts in the suburbs. Stop your selfish obsessions, bite the bullet and make the right choice for your kids. You CANNOT have your cake and eat it too (unless you have a ton of money) and, if you are on this site, you DON’T have a ton of money!!!!
Clio is right. Plus, go to any “top” college and you’ll see that the undergrads who run the place, get all the best dates, have the best social life, are banging the hottest girls, and have the most overall confidence are the kids from the upper & upper-middle class suburbs of the US’ major cities, not some outlier urban kids.
Spoke with an agent. House supposedly has leaks all over including a recurring flooding basement. Probably priced right finally. I say it sells in the mid 600’s
Clio, I thought you had “a ton of money” and you are here….
benjamon – not anymore……
clio _is right_ for once.
“Stop your selfish obsessions, bite the bullet and make the right choice for your kids.”
Clio they’re basically still grown up kids themselves and think they can have it all. They’re the most selfish of all wanting to be able to walk to the starbucks and local tavern and sending their kids to CPS. Getting your latte after your morning jog and hitting on drunk trixies at the local watering hole should not be perks in these people’s worlds once the kids come.
Lets take HD for instance–he doesn’t know it yet but he’s not living in a $1MM+ north center house (most of which aren’t worth $1MM anyway and won’t be once credit dries up further) and he’s not living in Old Irving or one of those other NW side hoods. He’s living in a burb and whether it’s north shore or oak park or boring ass schaumburg he’s in denial. He acts like living in New Trier is so terrible. Let me tell you whats terrible CPS highschools, just ask Groove.
He’s like the majority of parents I know of newborns to five year olds. They think the transition to schools will be seemless right up until it’s right up on them.
“Plus, go to any “top” college and you’ll see that the undergrads who run the place, get all the best dates, have the best social life, are banging the hottest girls, and have the most overall confidence are the kids from the upper & upper-middle class suburbs of the US’ major cities,”
Yeah but I’ve found out this doesn’t always correlate well with great grades or jobs straight out the gate. I don’t want my hypothetical kids having a social life to die for in college: there are weekends and weekdays. Its those that confuse the two that don’t tend to last in college.
And big state schools are great filters for this: its not hard to make marks so long as you consistently show up and put in even a little bit of effort when half the class doesn’t even show up consistently to class.
Go F*** yourself, Bob, you’re wrong on so many levels, and the thing is that your too ignorant to even know it. Look at that map from earlier today. There’s a tiny sliver of land in Chicago called the ‘green zone’ and the rest are areas generally unsuitable for professionals. 20 years ago that little sliver of land was unacceptable for 95% of all people like you or I. But then again, some hick from Ohio wouldn’t’ know that. I live in the same neighborhood my mother grew up in the 1950’s and it’s taken 50 years for it to return to the condition that it once was before the asphalt roll siding and the flop houses took over. The suburbs exist and the suburbs are because this city was a dump. You act as if there is some other alternative – but only a few thousand families per year in this city of 3,000,000 actually send their kids to latin/lab/parker or the magnet high schools.
Over the last decade they’ve Knocked down all the houses and build mcmanions and 3 flat condos throughout the green zone and it’s a recipe for disaster. Crapshack homes anywhere east of the river are rare and sell for hudnreds of thousand of dollars but they can’t barely give away the condos. The green zone is a disaster and when high school approaches in a few years for many of these families those million dollar homes won’t dry up because the lack of credit (Whcih they are genearlly buying with high incomes and high down payments anyways), the prices will fall from a lack of demand when people realize while they might be in Bell, they’re also stuck with Admunsen or whatever the hell high school, and the next generation of buyers won’t be willing to make the same mistake as them.
We know Bob, your family moved from Appalachian to Ohio and it shows. Go back home already.
HD – not sure but I think you are actually agreeing with Bob, right?
Seriously big guy, you can take Bob out of Ohio but you can’t take Ohio out of Bob, you really pressed my buttons tonight Bob. I come here at 11:30 pm to check CC for the first time since 8:30 a.m. and the first post I read is Bob accusing me of being in denial about the suburbs being my ultimate destination. You’re a babbling idiot Bob, go back to WEst Virgina where you belong.
It’s just that Bob is too stupid and ignorant to understand that there really isn’t a choice, especially by the time high school comes. I’m not in denial, i’ve said this all along. Yet I come here at 11:30 and read this cocksmoker accusing me of being in denial, yet he’s the west virginia mountain living country folk in the big city tell ME how it is. My mother was baptized over 50 years ago at the same church as my child and it’s take 50 years for someone in my family to move here again. Jesus, what an idiot.
“go to any “top” college and you’ll see that the undergrads who run the place, get all the best dates, have the best social life, are banging the hottest girls, and have the most overall confidence are the kids from the upper & upper-middle class suburbs of the US’ major cities, not some outlier urban kids.”
Yes, because partying and shagging is what college experience is all about…sigh
“The green zone is a disaster and when high school approaches in a few years for many of these families those million dollar homes won’t dry up because the lack of credit (Whcih they are genearlly buying with high incomes and high down payments anyways), the prices will fall from a lack of demand when people realize while they might be in Bell, they’re also stuck with Admunsen or whatever the hell high school, and the next generation of buyers won’t be willing to make the same mistake as them.”
I have to agree with HD on this one. All I ever hear from buyers is “I live in Blaine” with no regard to that public high school called “Lake View” looming up the street and NO PLAN about what will happen when their child is approaching it.
Because as we’ve seen, Latin and the other private high schools (which are small- in case you didn’t know) only take a handful of students who haven’t been going there since pre-school.
There are other Catholic school options that might work. Or not.
I already know quite a few people who considered staying in the city but ultimately couldn’t even afford anything other than a townhouse in the “good” school districts on the north side near the lake (Bell, Blaine, Lincoln etc.) You really have to be upper middle class to afford the $600k or higher price tags on single family homes in these areas.
There are simply too many deals in the suburbs now with fine neighborhood schools where there is no stress about your child getting in etc.
“The green zone is a disaster and when high school approaches in a few years for many of these families those million dollar homes won’t dry up because the lack of credit (Whcih they are genearlly buying with high incomes and high down payments anyways), the prices will fall from a lack of demand when people realize while they might be in Bell, they’re also stuck with Admunsen or whatever the hell high school, and the next generation of buyers won’t be willing to make the same mistake as them.”
This is Clio’s point which Bob, and you, agree with. Who disagrees with this?
“We know Bob, your family moved from Appalachian to Ohio and it shows. Go back home already.”
You should have more respect for the people who pioneered (did the real hard, honest work) to create this nation, which set it all up so “immigrants” could then follow and participate in or sponge off something THEY, not your ancestors, set up.
“Bob accusing me of being in denial about the suburbs being my ultimate destination.”
??? You will end up in Park Ridge. So what? That’s what clio thinks responsible parents should do. Why are you hostile?
“Yes, because partying and shagging is what college experience is all about…sigh”
what do you know about US colleges? Parking for the faculty, winning football for the alumni, and sex for the undergrads. That’s reality!
“I live in the same neighborhood my mother grew up in the 1950’s and it’s taken 50 years for it to return to the condition that it once was before the asphalt roll siding and the flop houses took over. ”
Yeah except then the school thing was you went to the local school. You can try to turn it around but you’re the salmon swimming upstream to get eaten by the bear (the chicago machine).
And I wish my extended family was from Appalacia. It would be a better story than the shithole east coast city they’re from. Which BTW my one relative who went to inner city schools in K-12 has horrible spelling and atrocious grammar despite graduating from college. Take that one to the bank.
“Crapshack homes anywhere east of the river are rare and sell for hudnreds of thousand of dollars but they can’t barely give away the condos. ”
Crapshack homes east of the river but west of western I am now seeing selling near 200k. The boundary is even moving east to Damen for these sorts of bargains. The green zone is crumbling at the periphery.
i’m with Marcus.. 4 years of imbibing and shagging… Sounds better than going to class to me.
This conversation is funny.
this question is for clio and/or JMM: http://www.redfin.com/IL/Winnetka/842-Cherry-St-60093/home/13786013
How about this property for someone in HD’s position (we’re not talking about HD directly, that would be rude), but for someone in that position with kids on the way, etc. would this be an option…..or does the buyer run the risk of being stigmatized for having one of the cheapest, smaller homes in town, etc.? I’d like to think that a lawyer would have enough confidence to deal with that, wouldn’t this make a great escape from the city and CPS? (Note also today, London is burning bad due to austerity cuts and people not getting free handouts.)
Clio, what do you think?
“How about this property for someone in HD’s position (we’re not talking about HD directly, that would be rude), but for someone in that position with kids on the way, etc. would this be an option”
That, with taxes, is about 2x what someone like HD wants to have as a monthly nut.
Still, nice “normal” house, nicely located for a commute to the Loop. Anyone who could actually afford the place shouldn’t be stigmitized by anyone who wouldn’t stigmitize virtually anyone.
Can also get into Kenilworth (joke)
http://tinyurl.com/kenilworthy
“There’s a tiny sliver of land in Chicago called the ‘green zone’ and the rest are areas generally unsuitable for professionals…”
This is my issue with ‘urbanists’, they really only care about their ‘class of people’ and not the whole city.
And I also agree with post that some “young professionals” in “Green Zone” [who are really pushing 40], are trying to extend ‘delayed adolescence 20’s’ and care most about walking distance to bars or cab service when drunk.
Really tomm? People who live in cities are only trying to “extend delayed adolescence 20’s”.
Do you think it’s possible that someone likes to live in a city, and doesn’t “care most about walking distance to bars”?
“This is my issue with ‘urbanists’, they really only care about their ‘class of people’ and not the whole city.”
tomm has become my new best friend
“are trying to extend ‘delayed adolescence 20’s’ and care most about walking distance to bars or cab service when drun”
the second best post this week!!!
I think Lake View HS is going to improve as long as Waguespack is the alderman, I’ve actually heard it come in recent conversation and in a (surprisingly) positive way.
And don’t forget St. Ignatius, there were hordes of Lincoln Park and in general “Lakefront Liberal” kids going there when I did – it’s a straight shot on the Red Line or via the 8 Halsted.
“I have to agree with HD on this one. All I ever hear from buyers is “I live in Blaine” with no regard to that public high school called “Lake View” looming up the street and NO PLAN about what will happen when their child is approaching it.”
That Winnetka house would be pretty unaffordable with those $15K in annual real estate taxes. Total payment of around $3,600 assuming a $140,000 20% down payment, including the $1,250 in monthly RE taxes. At a minimum, I would hope the person living there would be making $155K.
“There’s a tiny sliver of land in Chicago called the ‘green zone’ and the rest are areas generally unsuitable for professionals…”
“This is my issue with ‘urbanists’, they really only care about their ‘class of people’ and not the whole city.”
I will (kinda) defend HD on this. I do think HD is *much* too concerned with whether his neighbors are up to snuff. And I suspect someone who thinks originating from appalachia is a devastating insult would always feel stigmatized in winnetka if he originated in palatine or wherever (all else equal, I’d rather my backstory be in appalachia). Having said that, if you want a good neighborhood school in the city, that greatly narrows your options.
This is the stupidest thread yet, I can’t believe how unintelligent and misinformed some of you are! Clio, HD & Marcus, people will live where they want to live, period. If you love the promised land (Park Ridge etc) good for you. I hate to break it to you, but there are plenty of kids from the Lab School, Latin, Parker, Walter Payton, Witney Young etc. that “run” things at the big Universities and colleges.
Let’s get back to talking about this house and not your preconceived and misinformed opinions about city living vs. the suburbs.
That I don’t personally know, but I can guarantee they run a lot of things here in Chicago.
“I hate to break it to you, but there are plenty of kids from the Lab School, Latin, Parker, Walter Payton, Witney Young etc. that “run” things at the big Universities and colleges. “
“And I also agree with post that some “young professionals” in “Green Zone” [who are really pushing 40], are trying to extend ‘delayed adolescence 20’s’ and care most about walking distance to bars or cab service when drunk.”
yeah drinking in your basement or drinking and driving is such a far smarter solution
if ur basement got swag and ur friends like to chill, then ya.
“yeah drinking in your basement or drinking and driving is such a far smarter solution”
“yeah drinking in your basement or drinking and driving is such a far smarter solution”
lmao!
skeptic: I think Lake View HS is going to improve as long as Waguespack is the alderman, I’ve actually heard it come in recent conversation and in a (surprisingly) positive way.
Lake View HS is in the 47th Ward, not the 32nd.
“Lake View HS is in the 47th Ward, not the 32nd.”
But only about half of the 47th is in LVHS attendance area (rest is Amundsen), as is the 32d (with about half in LPHS and some in Wells).
The ward remap will be interesting.
(all else equal, I’d rather my backstory be in appalachia)
fan of Jesco White, DZ?
http://www.youtube.com/watch?v=uc3SEBA-9nU
“yeah drinking in your basement or drinking and driving is such a far smarter solution”
Best post! LOL!
@Dave that Winnetka house sits on a small, Chicago-like lot, 38′ wide, costs less than $700K and you get the non-CPS, New Trier schools for that tax bill. If someone has 2-3 kids, why wouldn’t they choose something like that, over a $850K house in “north center”, which probably has $11K RE taxes, and CPS schools?
I’d still like to hear clio or JMM’s opinion on the stigma issue, if they could kindly chime in. tks
The subject house of this thread has crappy CPS, is listed higher in price, and has higher taxes than the one in Winnetka!
this may be hard for people to believe, but many people enjoy city life. And this home is in a good CPS neighborhood school area.
Vlajos there definitely seems to be a housing premium in wet wards, for what it’s worth.
That was the funny part about Chicago GZ SFHs during the boom: people paid crazy prices without considering the school. I hope they lose their financial ass now!
Yeah, I’m just going from info on LVHS I’ve seen in Waguespack’s e-newsletters.
The real question is how Madeleine got text in italics on cribchatter.
“But only about half of the 47th is in LVHS attendance area (rest is Amundsen), as is the 32d (with about half in LPHS and some in Wells).”
“this may be hard for people to believe, but many people enjoy city life. And this home is in a good CPS neighborhood school area.”
yes I know that is hard for some suburbanites to comprehend, even something as simple as people willing to pay a premium for city properties!
There were loads of appalachians/southerners in Lake View in the 70s and early part of the 80s, that was back when there still factories everywhere.
I found this book years ago, at some point one of the characters describes his “Uptown apartment” at Wellington and Kenmore (!):
http://www.amazon.com/Uptown-whites-Chicago-Harper-colophon/dp/0060902353
“(all else equal, I’d rather my backstory be in appalachia)”
Why are you all assuming that the non-magnet high schools will ALWAYS be “sub-standard?” Could it be that within the next 5 years or so there will be magnet programs, etc. at LVHS, Amundsen, etc., that will make them attractive to the Blaine and Bell alumni?
According to some of my sources, it’s happening already.
“Why are you all assuming that the non-magnet high schools will ALWAYS be “sub-standard?” Could it be that within the next 5 years or so there will be magnet programs, etc. at LVHS, Amundsen, etc., that will make them attractive to the Blaine and Bell alumni?”
Because school budgets are going to be cut, teachers are going to be laid off, property taxes are going to soar. It’s going to be one sorry mess. All you have to do is look at California’s school system (nearly last place in the country) to know what the budget cuts are going to do here.
Also- according to all my teacher friends, parents will put a lot of effort into a school their child goes to for 8 years. Not so much for just 4 years. They don’t have time to make a difference in “turning it around” in those four years- so they don’t even try.
Probably true – but keep in mind the soaring property taxes are disproportionately chasing poorer people out of the City – and it’s the poorer kids who are typically associated (not always correctly of course) with the “bad element” that has historically driven professionals out of Chicago when their kids got to school age.
“Also- according to all my teacher friends, parents will put a lot of effort into a school their child goes to for 8 years. Not so much for just 4 years. They don’t have time to make a difference in “turning it around” in those four years- so they don’t even try.”
SOLD@660K
Listed a month ago at $1.3MM, now under contract. Just that easy apparently.
As anon noted on the other thread we mentioned this place, major water issues per redfin agent comments. Hope the buyers have a good inspector or two.
Apparently not that easy after all. House just went off of market during attorney review period.
Back on the mls for $1.299.
Oh, and from upthread, “4126 and 4128 [Oakley] listed at $845K and $835K respectively ” sold for $810 and $805 respectively.
De- and re-listed fro $1.249m.