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Wicker Park Secret Staircase Unit Cancelled: 1530 N. Paulina

Remember this 3-bedroom 2600 square foot Wicker Park unit at 1530 N. Paulina with the “secret” staircase to the duplex down?

We chattered about it in July 2008.

See the pictures here.

It was reduced $15,000 before the listing was cancelled in September 2008.

Will it be back to test the market again in 2009?

Here’s its history:

Unit #F: 3 bedrooms, 3 baths, 2600 square feet

  • Sold in December 2006 for $630,000
  • Was listed in July 2008 for $675,000 (parking included)
  • Reduced
  • Was listed at $660,000 in September 2008
  • Listing cancelled in September 2008
  • Assessments of $315 a month
  • Taxes of $10,153

This entry was posted on Wednesday, January 7th, 2009 at 2:42 pm and is filed under Wicker Park. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

9 Responses to “Wicker Park Secret Staircase Unit Cancelled: 1530 N. Paulina”

  1. It will be back on the market in March, when the “buyers come back”, with a $700,000 price tag. The scary thing is there are some sellers that are going to do exactly this.

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  2. either that or put a “pre forclosure” or “short sale” tag on it and try to continue to tell it for 660k

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  3. Just another seller who can’t afford to sell? ABN Amro financed 100% of that 12/06 purchase.

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  4. “ABN Amro financed 100% of that 12/06 purchase.”

    Hey–now they don’t have to pay it back, right? Since ABN doesn’t exist anymore. Right? Right?

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  5. So sorry, ABN Amro assigned the loans to LaSalle Bank Midwest in 9/07.

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  6. “ABN Amro assigned the loans”

    Damn, I thought I’d try to help these folks out.

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  7. Visited an open house here during the summer….nice/cute unit, but can’t shake the duplex down curse especially at $660k when much nicer penthouse duplex ups are on the market at the same price.

    IMHO, it’s either $660k (to keep the current owner above water) or it’s going to be a walk-away like many other properties across the country.

    BTW, ABN Amro was the parent corp. of LaSalle Bank prior to the purchase of ABN Amro’s US operations (i.e. LaSalle) by Bank of America.

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  8. So BofA is left holding the bag on this one? Yeah I think BofA is gonna start to crumble this year as well then get a sweetheart deal from the government similar to Citi. What a disgrace.

    Who knows how many countless billions in losses they are sitting on with their acquisitions of ML but especially Countrywide and LaSalle.

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  9. “BTW, ABN Amro was the parent corp.”

    It was a joke.

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