In 2006 and 2007, similar new construction homes (without the emphasis on green technology) on similar lots did sell handily from $1.1M to $1.5M. However, by the time 4610-4612N Wolcott were hitting the market, things, well, you know... slowed down.
Even so, luxury new construction homes in this Ravenswood area, and especially a little west of Damen, have been catching big numbers even this year. One masonry new construction home on the 2100 Block of West Giddings sold in about 30 days for over $1.4M.
But this block shown here has some disadvantages with multi-unit buildings on each side of the pictured homes and this across the street...
The speculation on the four new constructions homes for both the buyers of houses in 2006 and the developers of the new construction this year may not have taken into account the affect the train can have on home values.
Post a Comment