Unique Authentic West Town Loft Still Available 6 Months Later: 1012 N. Milwaukee
We last chattered about this authentic loft at 1012 N. Milwaukee in West Town in April 2010.
See our prior chatter and pictures here.
It has been reduced $25,100 in the last 6 months.
The loft has a wall of windows along with diagonal hardwood floors.
It has several exposed brick walls as well as a lofted den.
The loft has all the bells and whistles buyers look for including central air, in-unit washer/dryer and parking.
Ron Knoll at Saffron Realty still has the listing. See more pictures here.
Unit #2: 2 bedrooms, 2 baths, no square footage listed
- Sold in February 1997 for $171,000
- Was listed in April 2010 for $325,000
- Reduced
- Was listed in mid-October 2010 for $314,900
- Reduced
- Currently listed for $299,900
- Assessments of $197 a month
- Taxes of $3476
- Central Air
- In-Unit washer/dryer
- Parking included
- Bedroom #1: 15×14
- Bedroom #2: 15×10
- Loft: 17×10
279k.
It sure did not get any prettier over the summer. I’d say Bob is on the money with $279K. That leaves some cash to make it better!
No pictures of the bedrooms. I always assume the worst then. Not to mention that I would not be surprised if that lofted space is the second bedroom. But I could be wrong.
Sorry for off-topic, but I’m still checking MLS for Oak Park/River Forest bargains. There’s an unrestored Van Bergen house (pedigree architect prairie-style) at 743 Columbian in Oak Park for $385,000 on a nice block. Needs a serious renovator for restoration; offered “as-is”. Serious disconnect on real estate taxes – 2008 tax is noted as $17,950. That’s seriously crazy for an unrestored house on an average sized suburban lot. Perhaps this house won’t sell for several years.
$200k
Did you guys read the WSJ article on mortgage interest tax deductions: http://online.wsj.com/article/SB10001424052702304354104575568643889337142.html?mod=WSJ_hp_MIDDLTopStories.
I can’t imagine that this would pass Congress, but, if it did, it would certainly lead to downward pressure on prices.
The market needs legislative stability more anything else right now.
lol HD- i put in an offer on this exact place at $200k back when I was looking in 2008, asking price then was $354,900… i never received a call back LOL, different realtor too
I am in the market for a place like this
and I do not have an agent
anyone want to help me here?
Acoustic commercial ceiling tiles in the home is not my idea of cool.
Wow, Architect, I wish had the renovation skills/patience to take that on the project as the house deserves. Beautiful home, good location, great price (yeah, taxes need to be appealed). Cosmetically, looks to be in great condition.
It might already be 299,900….
http://www.postlets.com/res/3648091
James,
You don’t need an agent to go look at a place like this. In fact, it can work to your advantage that the seller doesn’t have to pay the buyer’s agent. I see no purpose in enlisting an agent when you have found the place yourself. Again, if that lofted area is considered the 2nd bedroom, then this isn’t a deal at anything close to $300K.
“You don’t need an agent to go look at a place like this. In fact, it can work to your advantage that the seller doesn’t have to pay the buyer’s agent. I see no purpose in enlisting an agent when you have found the place yourself. Again, if that lofted area is considered the 2nd bedroom, then this isn’t a deal at anything close to $300K.”
I don’t see any benefit to having an agent in terms of looking at a place but how do you plan to negotiate the agent’s discount down? Doesn’t the seller’s agent have an agreement for an X percent commission? The seller’s agent is the one paying the buyer’s agent in most cases, isn’t it? That is, the seller’s commission doesn’t generally vary by whether there is a buyer’s agent (maybe it should).
You can use a buyer’s agent that rebates part of the commission.
If the buyer does not have his own agent, the seller’s agent by default becomes “dual agent.” This can lead to conflict-of-interest situations almost always weighted against the buyer. A buyer’s agent, OTOH, is the exclusive advocate for the buyer and, with the buyer’s attorney, will seek to resolve conflicts in a fair manner.
Go ahead and look at the place by yourself if you must, but DO NOT sign the “Declaration of Dual Agency” form that the agent may try to get you to sign,thus “hiring” him/her by default. Tell the agent that you will be using your own agent, then find one to write up your offer and work on your behalf.
I speak from experience.
“Go ahead and look at the place by yourself if you must, but DO NOT sign the “Declaration of Dual Agency” form that the agent may try to get you to sign,thus “hiring” him/her by default. Tell the agent that you will be using your own agent, then find one to write up your offer and work on your behalf.”
May be difficult if you hire an agent subsequently for him/her to claim the cooperating commission. If you had too extensive a discussion with the seller’s agent they may claim they are your agent anyway. I don’t know all the ins and outs but it’s an issue. We talked about this a couple weeks ago.
“You don’t need an agent to go look at a place like this. In fact, it can work to your advantage that the seller doesn’t have to pay the buyer’s agent.”
Agreed. Buttttt if the selling agent won’t cut you a piece of his/her commish, get your own REA who will…