ChicagoNorth Side

Old Town Triangle home closes quick sale at $201K over list

by Joe Zekas on 1/9/12

The striking Italianate Frederick Wacker home at 1838 N Lincoln Park West was listed for sale on December 20 at $1,299,000. The 4,700 square foot, 5-bedroom, 4 ½ bath Old Town Triangle home generated a flurry of interest and four offers, and was under contract three days later.

The sale closed last Friday at $1,500,000, $201,000 above the asking price. Tina Culver of Sergio & Banks, one of our sponsors, represented the seller.

Anyone who’s paid close attention to the market over the past year knows that this isn’t an uncommon story. Well-priced, well-located homes in good condition have sold quickly despite the bleak condition of the overall market.

The quick sale came despite the conventional thinking that the winter season is a poor time to bring a property to market. We recently posted a contrary opinion.

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