Friday, October 07, 2011

Lincoln Square new construction: Double lot sale means BIG new house

We pointed out the double lot sale at 4533 N Seeley for $754,000 earlier this year.  The 50 x 173 lot had an existing two flat on the property.  However, we all knew this was an opportunity for a high end design and build. At a purchase price of $754,000 it was truly a steal.  I think the sellers were motivated in this case to say the least.

A gorgeous lot this size in the heart of Lincoln Square was a rare, fantastic opportunity.  Here's a photo of the construction progress.  The existing structure was torn down and foundation and some framing have been completed. You can see a high end newer construction home just to the north and an existing charming two-flat to the south.  Another high-end newer double lot home to the south is visible to the far right of the photo below.

The two flat shown here in the center is adjacent to the existing blue two flat and just one lot south of the double lot new construction going up. That two-flat at 4525 N Seeley was also sold earlier this year for $447,500 and is now offered by a high end developer Landrosh as a design/build opportunity.

For more posts on Lincoln Square, click HERE

The 4500 block of North Seeley is home to significant classic and new houses

Gorgeous newer construction home on the transforming 4500 block of N Seeley
All photos Eric Rojas and Robert DePalma, Real Estate Brokers

No comments: