Monday, September 23, 2013

Another Lakeview house sells in multiple offers

St Andrew School in Lakeview is located at bustling West Addison and North Paulina

We recently showed 3634 N Paulina in Lakeview listed at $899,000.  The three bedrooms renovated grey stone (single family home) is located a half block from neighborhood institution Saint Andrews School. The house is also located in the Hamilton Public School DistrictWe had our clients in on the first showings available; a madhouse broker's open. The house was under contract with multiple offers immediately.  This has been the norm in the Lakeview single family home market for two years now.
The 3600 block of North Paulina in Lakeview features standard city lots with a mix of newer construction, original and renovated traditional frame homes and recent tear downs making was for new houses.  In the last 24 months four detached properties have sold or gone under contract from $440,000 for a nice brick two-flat in 2011 (a steal now!) to $1,449,000 for a beautiful contemporary renovation in summer 2012.
Our clients passed on the house as they really want a ready to go four bedroom home and felt the location near the school and West Addison Street may be a little busy.  However at $899,000 this was a well priced house for the location and finish level.  Buyers have to be ready to compromise more and expand the budget a lot to simply win a house in popular Lakeview.

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