Trying to Sell a 5-Bedroom Sauganash Vintage Tudor: 5919 N. Forest Glen
This 5-bedroom vintage tudor at 5919 N. Forest Glen in the Sauganash neighborhood of Forest Glen has been on the market for 11 months.
In that time, it has been reduced $75,000.
It is now listed $24,000 under the 2004 purchase price.
Built in 1930 on a 40×125 lot, the house has many of its vintage features intact.
The living room has a hand hewed beamed cathedral ceiling with the original hand carved floor to ceiling wood fireplace mantle.
In the living room, there is also a unique 6 foot hand carved chandelier.
The kitchen has been updated and has stainless steel appliances, what look to be stone counter tops and an eat-in breakfast nook as well as a kitchen island.
2 of the 5 bedrooms are on the second floor, 2 are on the main floor and one is in the basement along with the family room.
The house has central air and a 2-car garage.
What will it take to sell this property?
Ron Meadows at Prudential Rubloff has the listing. See the pictures here.
5919 N. Forest Glen: 5 bedrooms, 3 baths, no square footage listed, 2 car garage
- Sold in October 1985
- Sold in May 2004 for $749,000
- Originally listed in April 2010 for $800,000
- Lis pendens foreclosure filed in November 2010
- Reduced several times
- Currently listed for $725,000
- Taxes of $7441
- Central Air
- Bedroom #1: 13×13 (second floor)
- Bedroom #2: 13×16 (second floor)
- Bedroom #3: 12×15 (main floor)
- Bedroom #4: 12×13 (main floor)
- Bedroom #5: 12×10 (basement)
- Family room: 23×17 (basement)
I don’t know about the hood, but this place is so adorable. I would have loved to live in some little house like this. Very cozy.
I was so excited to see a vintage Tudor. And, yet, it looks like a lot of the photos don’t go together for the same house. Like if we had a matching game, “match this photo to that house” – I’d totally lose on this one.
So how is this neighborhood guys?
The inside of this one looks super inconsistent from room to room. I’d be shocked if this went for anything over $600K, unless you find someone interested in a project that is willing to dump a lot of time and money into it. It’s liveable but would give me a headache at this point.
I think the big question is neighborhood and schools…not familiar with this area. What are the schools like?
“I think the big question is neighborhood and schools…not familiar with this area. What are the schools like?”
“So how is this neighborhood guys?”
ok i gotz a quick second to answer that.
the schools are better than GZ school, so HAHAAHA. and the hood is safer than edison park with all the cops (expect for the sexual assault a few years back on the bike/running trail).
lots sizes match are 30 to 50 foot wides and for you yuppie puppies there is a whole foods on peterson and cicero. hmmm WALKING DISTANCE AT THAT.
ok now back to work
What elementary school is it? Sounds like a good buy for a family wiht several kids.
Just go here and plug in the address for the attendance area schools: http://schoollocator.cps.k12.il.us/
I can’t belive this is a forclosure… I mean did they do zero down, IO loan? how could they not have 25k in equity after 6 years of payments?
“I can’t belive this is a forclosure… I mean did they do zero down, IO loan? how could they not have 25k in equity after 6 years of payments?”
wow didnt even catch that,
sorry no pass go on this one, you can get non-foreclosed Tudors on this side of peterson for 200k less!!!
It’s charming but I don’t know enough about the area to comment
on the price
“wow didnt even catch that, ”
f/c filed; original mortgage was $600k, then added a $75k 2d, then a $100k 2d (*probably* paying off the $75k, but not recording a release).
Great home, great location, semi-suburban, decent local school. the homedebtor owed a ton of money, three mortgages if I read this correctly, a $600k lis pendens, a $75,000 and a $100,000. one of those second mortgages *may* have been released, it’s hard to tell.
this is not a $800,000 home, more like a $600 or $500k home. there’s been some pretty good deals in the aera
“there’s been some pretty good deals in the aera”
This does not appear to be one of them, tho it’s under contract:
http://www.redfin.com/IL/Chicago/6222-N-Knox-Ave-60646/home/13516228
If neighborhood is good and HD is right about it being a 500-600K home, then it is a great home for a family. I really love it (at least in the photos).
Looks like an “aspirational house” – an expensive albeit small house that has been renovated, colonized, and decorated to the nth degree, and now priced as if it was a much larger house. I suspect the former homeowner (prior to the foreclosed owner) did the renovation. Underneath the decoration, this house is a nice bungalow with bungalow plan, with a finished basemement and attic. Prior to the real estate boom, a CFD fireman could still buy a house in Sauganash, and with his flexible schedule and near-standard CFD moonlighting carpenter (or electrician) skills renovate his home at his leisure.
I really like that master bedroom. The livingroom is probably very difficult to actually furnish; it looks like a “show” room, with everyone hanging out in the finished basement.
I love both the living room and the master. The wood work is gorgeous.
Re: elementary schools — it’s Sauganash Elementary, which is pretty good. 91 percent of the kids meet or exceed standards. The Sun Times listed it as 481 out of 2205 schools statewide, which is top 21 percent. Many nearby schools are ranked even higher, including Wildwood (367), Solomon (300),and Edgebrook (60).
an expensive albeit small house that has been renovated, colonized, and decorated to the nth degree
**************************
agreed,really nice but overdone.they probably spent a fortune.
Living in sag begs the question: why live in the city at all? For me with two working adults, one working in lakeview and the other downtown, or those with the residency requirement, this might make sense. But for others who work elsewhere, sag is a bit like living in the suburbs.
sold in MAY OF 2004!!! for $749K
That was like 2 years before the peak.
I’d say $5 – 600 at best
Nice place though but not for me
Oh dear, another house selling for $800,000. We have witnessed a very long real estate bubble. The real estate bubble started in the late 1970’s. That is when real estate prices diverged greatly from something called MONTHLY INCOME. Ever since that time, we went from 20% down to 15%, to 10% to 5% to 3% to 0% down to even getting cash back (via a 125% loan) to purchase a house.
This real estate bubble has much more room to go down. I am still renting. I will still wait this bubble out. I think we are still in the top of the 4th inning.
I think they went a little overboard in trying to keep the decor in the vintage style of the house. They have narrowed their buyer pool substantially by doing this too, which is probably a big part of why it hasn’t sold, aside from the price of course.
“They have narrowed their buyer pool substantially by doing this too, which is probably a big part of why it hasn’t sold, aside from the price of course”
jennifer,
its totally the price, no ifs ands or butts, its the price!!! as homes twice the size of this on the other side of peterson are selling at tthat price and similar tudors in this area are listing at 500k-600k
http://www.redfin.com/IL/Chicago/5814-N-Forest-Glen-Ave-60646/home/13514518
Look beyond the cheap and poorly done decorating and the bones are not too bad. Removing horrible window treatments, etc and new paint and it is a pretty good home for a family. I cannot imagine much over 520K for this neighborhood and what needs to be done.
“The real estate bubble started in the late 1970’s”
So you’re waiting for prices to decline to 1970s levels?
I’m not familiar enough with Sauganash to guess on a price without pulling comps. We looked at Sauganash a lot a few years ago but eventually decided it was too suburban for us.
“So you’re waiting for prices to decline to 1970s levels?”
I’m waiting for disco.
I saw something the other day (I can’t remember where) that says first time home buyers are roughly 6% of the market. The rest of the market is cash buyers, flippers, investors, and downsizers. We might just reach 1980’s prices as crazy as it sounds. This Japanese situation is going to put the world into recession, again.
“This Japanese situation is going to put the world into recession, again.”
Wanna bet money that it doesn’t?
I’d like to see a collectible suit-of-armor in one of those rooms.
Reduced to $699k today…
Why am I thinking, “Just add a few “lights” in the window and this would look like a Thomas Kincade greeting card.”
Reduced again to $675k… They still have a ways to go.