Tuesday, February 21, 2012

"Hamlin Park" vs Roscoe Village: Single family home sales

A Park District banner hangs at Hamlin Park last summer. The park has vast fields, a pool and field house

Just south of  the West Belmont boundary of popular Roscoe Village in the North Center Community is the area commonly known as "Hamlin Park".  For this purpose, I use the streets North Ravenswood to North Western Avenue (east to west) and West Belmont to West Diversey (I do not cross the angled North Clybourn on the southern border).  It forms a sort of triangle area bordered by major streets and the Metra tracks.

37 single family homes closed in 2011 for a median price of  just over $700,000. The high was a newer construction home with terrific over-the-top finish level at 3105 N Wolcott for $1.6 million and the low a pretty bombed out frame foreclosure at 2132 W Fletcher for $260,000.  4 homes have sold in 2012 so far with prices of $325K, $425K, $855K and $860K. 

Just north in Roscoe Village in 2011 (Belmont to Addison, Raveswood to Western) 49 single family homes closed for a median of about $870,000. So far in 2012 only one single family home has closed in the Roscoe Village borders...a new construction house at 3435 N Leavitt for $1.2 million.

Newer construction homes and renovations ring Hamlin Park.

Homes in this swath of Hamlin Park are priced and sold considerably less than it's adjacent neighbor of Roscoe Village just north of Belmont Ave.  So, you can benefit from Roscoe Village boutique retail, entertainment and restaurants along with other neighborhood shopping amenities to the north AND south (Costco for one). Easy access to other parts of the city and highway can be had on Clybourn or Damen and you'll be closer to Hamlin Park itself for less money.
 We represented a client of ours on a foreclosure home purchase in the Hamlin Park area recently.  He got a great value compared to similar sized single family homes nearby.

All photos Eric Rojas, Bob DePalma Real Estate Brokers. All sales data gathered from MREDLLC.com and analyzed by Eric Rojas, Broker and Realtor.

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