Chicago Magazine interviewed about Ravenswood Manor homes sales last week. Read their story HERE
Here's some recent and interesting home sale facts I gathered for the Ravenswood Manor neighborhood in Chicago.
2 homes have closed in Ravenswood Manor neighborhood boundaries from Jan 1st-April 28th, 2014. The average price for the traditional, similar sized Chicago bungalows that sold is $515,000. Both had unfinished attics.
The $480,000 house needed everything updated. The $550,000 house had a nice kitchen update, attractive main level and finished basement space.
Same period in 2013, 5 houses sold with closed
prices from $425,000 to $895,000. There is simply low inventory in the
small manor thus far in 2014.
In all of 2013, twenty-one houses closed in the relatively small neighborhood. The median price was $475,000. A home sold at the median price or lower can be "move in ready", but would be on the smaller side without a finished attic or basement. Most homes sold under the median price are likely a vintage brick bungalow that need kitchen and bath updates.
In 2012, 12 houses closed all year with a median of $535,000.
The standout qualities of Ravenswood Manor are several: The leafy, quiet setting near the Lincoln Square retail and entertainment district, the many tile roofs, the river, the well defined close-knit neighborhood, a well regarded public school in Waters Elementary and most notable:
In the last 15 months there have been 23 single family home sales. NOT one new construction home was sold in the lot. All were re-sale homes built in the early 1900s of varying degrees of renovation (closed prices from $375,000 to $1,035,00).
The consistent character and architecture, yet individual attractiveness of the brick single family homes, is unique to the North Side so close to Lincoln Square.
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| North Branch of Chicago River. Photo Eric Rojas, Broker, Kale Realty |
2 homes have closed in Ravenswood Manor neighborhood boundaries from Jan 1st-April 28th, 2014. The average price for the traditional, similar sized Chicago bungalows that sold is $515,000. Both had unfinished attics.
The $480,000 house needed everything updated. The $550,000 house had a nice kitchen update, attractive main level and finished basement space.
Currently, there are 3 homes listed
for sale in the Manor from $499,000 to $1,375,000 and one home under
contract with a a list asking price of $795,000.
 |
| A Ravenswood Manor house (Photo, Eric Rojas, Broker, Kale Realty) |
In all of 2013, twenty-one houses closed in the relatively small neighborhood. The median price was $475,000. A home sold at the median price or lower can be "move in ready", but would be on the smaller side without a finished attic or basement. Most homes sold under the median price are likely a vintage brick bungalow that need kitchen and bath updates.
In 2012, 12 houses closed all year with a median of $535,000.
The standout qualities of Ravenswood Manor are several: The leafy, quiet setting near the Lincoln Square retail and entertainment district, the many tile roofs, the river, the well defined close-knit neighborhood, a well regarded public school in Waters Elementary and most notable:
In the last 15 months there have been 23 single family home sales. NOT one new construction home was sold in the lot. All were re-sale homes built in the early 1900s of varying degrees of renovation (closed prices from $375,000 to $1,035,00).
The consistent character and architecture, yet individual attractiveness of the brick single family homes, is unique to the North Side so close to Lincoln Square.
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