Eric Rojas, Chicago Real Estate Broker

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Sunday, August 16, 2009

A Ravenswood Manor renovation gone bad... then good

The Sun-Times home section featured a story detailing a custom home build in Ravenswood Manor. Many of us near the area knew a little (or allot) about a couple who purchased a home for gut renovation, only to see the home crumble to the ground during foundation work. Realtors and neighbors in the area had been familiar with the story for some time and wondered what would come about after the disaster.

I pass the new construction home often and it is a really nice job. The photo in the Sun-Times shows the house needs a little front landscaping (but that's not the point here). I would also argue the home looks a little more prairie style than described in the story (a design which I would have taken more advantage of). There is another more massive recently finished new construction house built prairie style near this home. Both fit in the neighborhood quite well. A neighborhood that has eschewed any sort of modern looking new construction.

I found about 10 homes sold in the last year in Ravenswood Manor are (including Ravenswood Gardens adjacent to the east) with a median price of $565K. However, $500K and under in this neighborhood will need some work... for sure.

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