Under Contract in Less Than 2 Weeks: 630 W. Waveland in Lakeview
Some properties are still selling quickly. It helps if the property is considered “affordable” – especially for first time home buyers looking to cash in on the $8,000 credit.
This 1-bedroom unit at 630 W. Waveland in Lakeview is one of those units.
It has some vintage character, including a wood burning fireplace, but also an updated kitchen and an in-unit washer/dryer. There is no central air (only window units) but parking is available for $25,000 extra.
Would buying this unit be cheaper than renting?
Amanda McMillan at Prudential Preferred has the listing. See the pictures here.
Unit #2B: 1 bedroom, 1 bath, no square footage listed
- Sold in June 1994 for $59,000
- Sold in April 2004 for $185,500
- Originally listed in July 2009 for $205,000 (parking is $25,000 extra)
- Under contract
- Assessments of $229 a month
- Taxes of $1888
- In-unit washer/dryer
- No central air (window units)
- Living room: 18×12
- Kitchen: 12×10
- Bedroom: 13×10
Been reading this blog for a while, but first time post.
Still much cheaper to rent, IMO. But, for those looking to own a 1BR in Lakeview, I’d say this is a good deal. I’m guessing it will close in the mid 190’s or even 200K. Could be comparable to the 434 W Aldine and 734 W Barry that both closed at 195K, even though they are 4-5 blocks south.
The huge plus for this is the in unit W/D (rarely seen at this price point in LV, more around 225K+) and the option for parking. Don’t believe those two properties I mentioned had either.
I’m pretty sure this place had an open house that first week and that could have generated quite some interest. Anyway, be interesting to see where it closes at.
Would have been a reasonable deal if parking were included. Otherwise, still overpriced.
three words
location, location, location
oh my oh my,
planets must be aligned total wrong today
i am brushing off all above comments and now back to the property.
i see why this closed so quick, the location is great. i would be all over that place too if i was in my early 20’s. some say its was still over priced but the extra premium paid is for the location.
A little pricey for a 1 BD but at least it’s not a cookie cutter unit. Very nice
Yes- I have deleted nearly all the posts in this thread due to inappropriate comments that aren’t necessary on a housing blog.
And Bob, Lynn can post whatever she wants because it’s not like I haven’t had to delete quite a few of your posts over the past few months. Don’t let him intimidate you Lynn.
Just a reminder:
We’re here to talk about the property NOT the paint color, the furniture, whether or not the owner is getting a divorce or lost their job, the name of the children living in the property and other things I’ll probably think of later.
You can always paint it. And their furniture is NOT your furniture.
Thanks.
Seller must be a subscriber to Metropolitan Home, because this apartment looks like many apartments featured in the magazine. It shows beautifully; though the furniture won’t stay, the buyer can go to Fields – sorry Macys – and buy replica furniture to maintain the look. I suspect seller barely covered renovation costs. Bathroom looks newer than 2004.
“Don’t judge a book by its cover.” Not a great opening to sell a place huh?
Sorry Sabrina but I have to comment on the loud grunts. I have lived in a place like this in this area, and large grunts in the middle of the night are a problem. You can hear anything, and I am very low maintenance.
Nice place, except that the rehabber dropped the ceilings and ruined some vintage details in the process.
Still an acceptable price for a nice place in a solid neighborhood.
Moral of the story: lower the prices to what your market can afford, and people will buy.
Hi,
The place looks OK to me. I don’t see what the excitement/crazy comments are about. I guess I missed out today 🙂
Hearing noise from other people’s units is a problem in nearly every single condo building in the city (and some townhouses too). Of course, some buildings are worse than others.
If you don’t want to hear your neighbors, buy in the 1920s buildings that were built with plaster walls. You can play pianos in there and no one will hear a thing.
By the way- this building was built in 1923.
Or move to an acre and a half in Long Grove and stay the hell off cribchatter!
“If you don’t want to hear your neighbors, buy in the 1920s buildings that were built with plaster walls. You can play pianos in there and no one will hear a thing.”
I would definitely pay premium for concrete/plaster walls. Think my whole life was in drywall til I moved here. The concrete does make running conduit a bitch and a half, and the mess you get from any work you do is unbelievable but the silence is absolutely priceless!!
Just remembered my first place in NYC when i would hammer down veal cutlets the neighbor downstairs used to go nuts and wail away on the steam pipe to let me know (of course letting everyone in the bldg know too). Ahhh.. NYC what a pleasant, warm, tolerant place.
I’m with you Ze. I lived with plaster walls once and it was a pain to even hang pictures but I heard NOTHING with those walls.
I actually agree with the sentiments regarding noise control OR living on the top floor.
In my home these days I can hear the person above me walking around. Some years I luck out and they are normal or calm and not a lot of noise. Other years they sound like a nervous meth head.
If I were ever to own it would either be: on the top floor, in a concrete condo (like Vetro), or in a SFH. No way would I ever tolerate noise from neighbors if I owned and the whole timber loft concept is 100% alien to me for this reason.
Top floor is a must. Don’t hear a peep.
ah just another reason i am glad i skipped out on buying a condo, i lived in enough cheaply built apartments.
i wonder if something like 310 s michigan, which was a conversion from a office building, would be quiet floor to floor because of the concrete floors? how about unit to unit noise on the same floor?
I live in a vintage building in this neighborhood, built in the 20’s with plaster walls, and I hear the guy above me and the neighbors tv next to me and the guy below is always complaining about me. Vintage buildings suck for soundproofing.
I have zero sound problems in my building since its a cement bunker lol! Just yesterday I was watching a movie at 115db. No complaints from me, thank god I didn’t buy a middle unit of a 3 flat or something. That would really annoy me.
I have lived in several places with plaster walls, and while plaster is likely better than dry-wall for blocking sound, plaster alone is not going to block all the sound from another unit. There needs to be some other sound absorbing/deadening material in the walls.
My current place is poorly built new construction (thank god I am renting it) with a wooden floor between me an my upstairs neighbors. I can hear every foot step, and many times I can even tell which tv show they are watching. I would gladly trade the granite counter tops and stainless steel appliances my place has for a couple of inches of concrete between me and my neighbors.
My guess is concrete is the way to go
concrete between floors is much better than simple wood framing between floors.
two and three-story buidligns tend to have wood-framed floors, whereas bigger buidligns tend to have concrete floors. so a 1920’s three-flat with plaster walls will have poor soundproofing – but a 1920’s high-rise will tend to have much better soundproofing.