This Top Floor 2-Bedroom Has a Rare 4 Exposures: 5006 N. Winchester in Ravenswood
This 2-bedroom unit at 5006 N. Winchester in Ravenswood seems to have it all for a condo unit.
Located on the top floor, it has 4 exposures, which is rare for a condo.
The unit also has central air, in-unit washer/dryer and deeded parking.
The kitchen is actually an eat-in with room for a small table. It has stainless steel appliances and granite counter tops.
The bathroom is also newer.
The property is located near Winnemac Park and is just blocks from the Ravenswood Metra stop.
Now listed $36,000 under the 2009 purchase price, is this a deal?
Eric Rojas at Prudential Rubloff has the listing. See more pictures and a virtual tour here.
Unit #3E: 2 bedrooms, 1 bath, 1000 square feet
- Sold in November 2006 for $290,000
- Sold in September 2009 for $295,000
- Originally listed in January 2011 for $275,000
- Reduced
- Currently listed for $259,000 (includes the parking)
- Assessments of $179 a month
- Taxes of $3315
- Central Air
- In-unit washer/dryer
- Bedroom #1: 12×11
- Bedroom #1: 12×11
- Sunroom: 6×7
Seems like a good deal comparing monthly outlay to comparable rent. How’s the ‘hood? Is the parking garage or exterior space?
Executed Recorded Document Type Amount
09/16/2009 09/23/2009 MORTGAGE $289,656.00
Executed Recorded Document Type Amount
08/25/2010 09/13/2010 MORTGAGE $291,387.00
Young couple bought too soon, they would have been better renting. How in the world are they going to sell this for less? Do they really have this much cash to bring to the table? Or, is this a short sale that’s not listed as a short sale so as to scare away potential buyers….that happens all the time you know.
I really like this place a lot. There seems to be a great amount of living space with a formal dining room, living room, sun room and eat in kitchen. Only down side I see is 1 bathroom. Although if you are using the 2nd bedroom as a guest room or office I think this is a great option.
I agree with EL is asking “Hows the ‘hood”? I know nothing about this area. Is it a good option?
$259 a sq foot to live in a 2/1 in ravenswood? with limited ability to resell in the future? Is everyone smoking crack today?
$220k at best. area is ok, pretty quiet generally.
@ homedelete “Is everyone smoking crack today?”
It is Friday! =)
The neighborhood is quiet, safe, family oriented. Nothing hip or cutting edge. This specific location is a nice walk to Clark St/Andersonville shops and eateries, and it’s also not too bad a walk to Lincoln Square, either. Great access to brown line, but a long ride once you’re on, if heading to the Loop.
How’s the hood? Check Everyblock.com and decide for yourself.
i’m not saying he will get that price, but the thing about Eric is I don’t think he would take a listing at a price he didn’t think he *could* get and didn’t have comps to support it.
I personally was never a fan of the area around amundsen HS, but thats just me.
This is a very nice space and laid out very well. If i wanted a condo in that area i would love to call this home at 227k.
the bathroom “Lowes Special” is my only gripe about his wonderful place. I like the cool idea with the tile. (we almost used those faucets and shower head for our basement bathroom)
HD,
Not a short sale. Whoops… dropped my pipe. Ok, back now.
Seller can sell and I’d like to see this under contract after the weekend… by early this week. This is a “super” two/one with everything and allows for formal entertaining, office, guest room etc… Great hood on Winnemac Park, plenty to walk to. Small well run building, 100% owners. Way nicer living than average two/ones.
Thaks Icarus… we try. We lose a lot of listings for properly setting the seller’s expectations, only for them to go on higher with another Realtor. I understand it’s hard to hear what we tell people every day and many just can’t sell.
Some sellers come back to us, some end up at our suggested price later with their Realtors and are now chasing the market.
However, there are times we take listings too high for certain reasons due to our client relationship…but, they always hear what we really think will happen and we plan accordingly with their decisions.
Groove, it’s hard to get away from a high school in Chicago and last time I checked most are not very good. If it freaks anyone out, stay inside at 8AM and then 3PM.
That said, this is not on the block of Amundson (it’s south and east) and oh yeah, there is an awesome huge Winnemac Park that EVERYONE in the hood comes out and enjoys. Baseball, softball, kickball,soccer, track, dog owners, families, couples, singles… it’s really a site on nice evenings.
I think this one goes for around asking price.
Agreed that Winnemac park would be a big plus for this one.
I love Winnemac on the 4th of July. No need to go to the lakefront.
“If it freaks anyone out, stay inside at 8AM and then 3PM.”
also the police camera looming over at *every High School, freaks no city folk out.
“Baseball, softball, kickball,soccer, track, dog owners, families, couples, singles… it’s really a site on nice evenings.”
back about 5 years ago amundsen had open gym on saturday, some fun pick up games there.
that area is nice but not my thing i “personally” would rather be south of/on Lawrence.
which reminds me it a new year,insurance refresh, and my wife needs new glasses (eye doctor over there)
“Young couple bought too soon, they would have been better renting.”
yes but they still would have flushed $24,000 down the toilet by renting…
“$259 a sq foot to live in a 2/1 in ravenswood? with limited ability to resell in the future? Is everyone smoking crack today?”
If it sells at this price, it gives me hope that the day I can sell my 2/1 for at least what I owe on it is closer.
I just kinda fear that when the day comes where prices start to rise again, I’ll feel like I missed the chance to buy a SFH at dirt cheap and will pay more for the same home.
Groove
You’d rather be *on* Lawrence than on this block of Winchester?!?
Either Groove is taking up HD’s suggestion, or he has very strange preferences.
At 260, looks fine to me for someone hell bent on buying instead of renting. Some superwhiteyuppie couple will buy this and have overpriced brunch at Over Easy every Sunday.
“yes but they still would have flushed $24,000 down the toilet by renting…”
So, they haven’t paid mortgage, assessments, taxes in the last 18 months?
Nice place, if it were in Uptown it would be a steal @ $350,00.00.
This is a pretty nice area the park is nice, we play football there sometimes. Too close to this woman I can’t stand though, ugh… now I hate the place.
stop messing up my shtick anon
“You’d rather be *on* Lawrence than on this block of Winchester?!?”
WAIT YOUR SAYING IT NOT ON A ON-RAMP 🙂
Good one sonies, your wit and humor shines through again.
They’ve already thrown away at least $36,000 by purchasing instead of renting!
$295,000 – asking price of $259,000 = $36,000…
Flush that money right down the toilet.
“#Sonies on February 18th, 2011 at 1:28 pm
“Young couple bought too soon, they would have been better renting.”
yes but they still would have flushed $24,000 down the toilet by renting…”
I no nothing about the neighborhood so sorry if my comment is stupid, but the inside space is alright. I actually like the kitchen cabinets. One down side is 1 bathroom. One thing I have learned during my relationships/marriage is never share a bathroom with a guy even if he is very clean : )
Cribchatter rule:
No one is allowed to talk about “flushing money down the toilet” by renting unless they also take into account equity loss+taxes+assessments+interest+transaction costs.
No one is allowed to talk about home value depreciation unless they also take into account rent costs.
Done.
Thank god you live in the developed world during the late 20th century! Most of the old victorians in Chicago were built with only one indoor bathroom. How did they ever survive with large families and one bathroom?
“One down side is 1 bathroom. One thing I have learned during my relationships/marriage is never share a bathroom with a guy even if he is very clean : )”
(and into the early 21st century!)
You are right HD. I wonder about that too : ) But you are not married to a guy that takes an hour in the morning to get ready and it is women have the bad reputation! BTW, people used to have dressing rooms int those days while we do most of our grooming in the bathroom these days.
“But you are not married to a guy that takes an hour in the morning to get ready”
OUCH, it must suck sharing mascara (sp)?
while I was being facetious HD your math isn’t exactly correct since you are omitting the payment of principal (all ~7k of it)
lol…something like that ; )
“OUCH, it must suck sharing mascara (sp)?”
“stop messing up my shtick anon”
I was just asking if you knew them and knew they had immediately defaulted.
isn’t that always assumed here on the CC?
“isn’t that always assumed here on the CC?”
Even if the owner paid cash!
“lol…something like that ; )
“OUCH, it must suck sharing mascara (sp)?””
wife, son, and i share one small bathroom without a problem.
I personally dont understand why people whine about one bathroom we as humans have way too much and stuff is way to easy, we all can do with so much less (but why should we)
@ Groove, you have definitely evolved beyond what we have. Also I hate having my stuff get moved around or get splashed with water. Everyone has their short comings. Mine is demanding bathroom monopoly : )
How much would a unit like this cost to rent?
“HD,
Not a short sale. Whoops… dropped my pipe. Ok, back now.
Seller can sell…”
Eric, didn’t you see the recorded lien history? To quote HD, “How in the world are they going to sell this for less?”
“Eric, didn’t you see the recorded lien history? To quote HD, “How in the world are they going to sell this for less?””
I do always enjoy that. My house shows 3 unreleased lines from the past 8 years totaling something around 2.5x the actual outstanding balance, due to a defective release. And I’m unconcerned.
Eric also says, “Seller can sell and I’d like to see this under contract after the weekend…”
Doesn’t every seller wish and pray that their unit would go under contract this weekend?
“Even if the owner paid cash!”
doesn’t mean the owner can pay his assessments or taxes!
“doesn’t mean the owner can pay his assessments or taxes!”
Exactly!! The owner is clearly over-allocated to real estate and will need to bring cash to close.
I thought Amundson High was going the magnet route with special programs, etc. to make it more attractive to the “locals” as an education option for their kids. How has that been working out?
One-bath residences for families with two wage-earners have become less attractive in the eyes of such families over the past few decades.
It’s now expected that a home have at least 1.5 baths and preferably at least 2; one for hubby,kids and guests and a “master” bath for the “mistress” of the house. (Oh come on now, admit it now; how many times have you seen the “master” with pink, frilly, wedding-gift towels and fancy cosmetic displays…and plain towels, out-in-the-open shaving supplies and the tell-tale raised seat in the hall bath?)
As for trans downtown, I’d take the Metra from the Sears lot at Lawrence rather than the L.
“One-bath residences for families with two wage-earners have become less attractive in the eyes of such families over the past few decades.”
It does sound like we are spoiled but I look at it more like we want the best that technology can deliver. There was a time when indoor plumbing was a luxury to be had only by the very rich. Now we have a better infrastructure and know that if you’re gonna lay pipe, might as well lay enough for multiple powder rooms.
HD,
I would only make a comment about selling a unit soon (i.e after this weekend) if I had a reasonable expectation (my professional opinion) that the unit would actually sell soon. That is my reasonable expectation for this place. They are doing all the right things.
For all those that question every seller’s personal and financial situation, a professional Realtor should know if a seller can get a deal done or not prior to listing. These folks can get a deal done and are offering a very nice value to someone.
My business partner and I work really close with clients and potential clients by developing a plan that fits their situation. We are very concerned about setting the right expectations. No one likes surprises.
@Eric, after looking at the bathroom picture again, I have to ask: did you completely remove the shower curtain to stage the shot?
Offer received Monday, under contract today. Cross your fingers!
Good luck Eric, closing a deal is always a stressful event.
Thanks HD!
I hope it’s a Crib Chatter buyer! 🙂