What Would You Pay To Be On Ashland But In the Heart of Andersonville? 5339 N. Ashland
This 3-bedroom house at 5339 N. Ashland in Andersonville has been on the market since October 2011.
It is a short sale and is being sold “as-is.”
It is under contract. Normally, I don’t like chattering about homes already under contract but someone brought it up in one of the threads and, given the track record of short sales closing, I thought we could still chatter about it.
The listing describes it as a “fixer upper.”
It has a basement, central air and a 2-car garage.
The most important component is probably that it’s on a 25×125 lot.
Is this a deal even though it’s on Ashland?
Peter Fotopoulous at Dream Town Realty has the listing. See the pictures here.
5339 N. Ashland: 3 bedrooms, 2.5 baths, no square footage listed, 2 car garage
- Sold in July 2000 for $175,000
- Sold in March 2006 for $357,000
- Originally listed in October 2011 for $199,000
- Reduced
- Currently listed as a “short sale” at $189,000
- Under contract
- Taxes of $6516
- Central Air
- Bedroom #1: 16×13 (second floor)
- Bedroom #2: 15×14 (second floor)
- Bedroom #3: 16×10 (lower level)
Poll:
#1 So buyers prefer new?
or
#2 The property returns as a flip?
I did see this house. The roof has a major leak that goes all the way to the basement. The kitchen ceiling has caved in. Nice southern exposure but right next to a parking lot. I was tempted by this however. Only two bedrooms upstairs and one do it yourself bathroom that was a wreck. My bet would be a teardown.
The curbside appeal vanishes when entering the house, smell and all. The other bathroom is in the basement and a mess as well.
It would go for $500,000 if it were in the Bell school district.
When you do a 360 Google Streetview, there’s a cute little couple standing on the median on Ashland and holding hands.
Adorable!
Love to everyone.
Even Dan.
WWTHSFIOB? ™
(What would this house sell for in Oak Brook?) ™
@HD
really? I mean bizarro HD is fun and all, but do you really want
C L … A /M — B O back?
Did anyone ever write in with the cost to tear down a house with permits, and contact information for a contractor who can do it?
I had received a back of the napkin estimate from someone a couple of years ago for 15K.
But when I went back to him to confirm that number so I could post his info on CC, he became very vague and said “well it depends on the house and the permits etc.” and he never gave me a straight answer, so I’m not using or referring him.
Also, the taxes are high on the house in this profile.
So that’s a $550 expense every month to hold the lot.
If you hold it for 10 years, that’ll add an extra 65K to your cost basis.
Doesn’t seem that attractive as a tear down either, but please write in if you think otherwise.
I”m just joking about oak brook, i find it hilarious. park ridge too, that town is boring as hell. don’t forget, i live in the city and i’m going to stay in the city.
HD, I thought you are looking to leave the City.
“When you do a 360 Google Streetview, there’s a cute little couple standing on the median on Ashland and holding hands.”
the dude looks like a hipster with his beard and knit cap.
I am going to eventually leave the city but I’ve lived here for over 15 years now, more or less since 3 months after I graduated high school and started college. But i’m not quite there yet; but like I do frequently say, there are some aspects of City’ Livin ™ that aggravate me. One of them is $189k homes on Ashland. $189,000 in most suburbs will buy you something livable; and $189,000 in many nicer suburbs at least buys a home that has a kitchen without a collapsed roof.
Pretty sure taxes are lower on a lot without any ‘improvements’. If you look at a tax bill the land and building are separate.
“Also, the taxes are high on the house in this profile.
So that’s a $550 expense every month to hold the lot.
If you hold it for 10 years, that’ll add an extra 65K to your cost basis.
Doesn’t seem that attractive as a tear down either, but please write in if you think otherwise.
“Pretty sure taxes are lower on a lot without any ‘improvements’. If you look at a tax bill the land and building are separate.”
Much, much lower. And you can get them lowered if the property is vacant, too, but there is a limit to how long that lasts–tho it’s probably enough to get approval to tear down a condemnable structure.
“Did anyone ever write in with the cost to tear down a house with permits, and contact information for a contractor who can do it?”
Groove and I were intending to do it bit by bit, using the alley trash cans to dispose of the non-salvage materials.
Someone said 40-50k for a teardown on a previous CC posting.
I have no idea however. I think being in the heart of A’ville could compensate
for the Ashland factor. It is quieter and not so commercial there.
Milkster – “When you do a 360 Google Streetview, there’s a cute little couple standing on the median on Ashland and holding hands.”
Icarus – “the dude looks like a hipster with his beard and knit cap.”
They were probably on their way to a show at TMLMTBGB.
The Listing Broker is a complete Real Estate Stud 😉 Thanks for the Posting Mr CribChatter!
My Apologies i meant Ms/Mrs. CribChatter! 😉
listing agent has impressive hair. might rival blago’s
omg built in 1894? That is what sucks about trying to buy a house in the city,they are way too old so of course there will be plumbing and roofing problems. Better off tearing it down and starting over.
I thought “Andersonville” was the one of the few places in the city where SFR prices were “holding their own” and “skyrocketing” even. What happened with this one? Did the foundation cave in? Not being sarcastic but that 2006 sold price and 2011 list price aren’t very promising. Glad I knew better before plopping down $$ in that over hyped area. O.K. area but, NO, not at those prices. I lived on Ashland and certainly wouldn’t again. You’ve got the booming bass unit car radios sitting at traffic lights (not stop signs) at 3:00am plus other issues. It is most certainly not “quieter” there as above poster mentioned. Clark St., maybe. Ashland, NO. Best of luck.
It’s got stainless steel appliances though. It’ll sell there.