Tuesday, July 19, 2011

Single family home sales in Lincoln Park's Oscar Mayer school district

Data has been gathered and analyzed by Eric Rojas, Real Estate Broker using www.MREDLLC.com and Chicago Public Schools Locator. We stay on top of schools, home values and demand like no one else!

Just west of Abraham Lincoln Elementary school district in Lincoln Park is the now "buzz worthy" Oscar Mayer Magnet School attendance boundaries. The school is located in the vibrant DePaul University neighborhood amongst top notch educational facilities, million dollar homes and vast local retail.

In the first six months of 2011 , about 18 single family homes sold (excluding row homes) in Oscar Mayer attendance boundaries.

The median price for a single family home in district was about $1,500,000. The highest sale was $4,525,000 and the lowest was $875,000.

Only one home in the district was sold as a foreclosure for $2,225,000 ($25K over list price) . The house needed hundreds of thousands of finish work.

Parents and students work in the Oscar Mayer award winning garden.

See Bell School home sales in Northcenter, Chicago

See Coonley School home sales in Northcenter, Chicago

Parent "buzz" and perceived school performance greatly affect demand and housing prices in a school's attendance boundaries. Even comparable homes on the same couple blocks, but different school boundaries, can vary in demand and price.

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