Sales update: New marketing team but same old prices at Bucktown Station

During my walk home from the Western Blue Line station last Thursday, I noticed a new @properties sign inside one of the retail-level windows at Bucktown Station, 1870 N Winnebago Ave, advertising several three-bedroom homes for sale. This caught my eye for two reasons: One, Coldwell Banker had been the property’s exclusive brokerage the last I checked, and two, the property was barely being marketed anymore as most of the homes were rented out and occupied.

Lately, a shift in sales teams means a shift in pricing, but that’s not the case here. The nine three-bedrooms currently for sale have 2.5 or three bathrooms and 1,660 to 2,330 square feet, and are priced from the $550s to $590s, which is pretty much what we’ve reported in ‘08 and ‘09. Judging from other listings in the area, those prices are about $100,000 higher (or roughly $40 more per square foot) than the average for a three-bedroom condo in Bucktown.

@properties’ Jim Gramata has listed one home in the building, #4D, which he describes as having hardwood floors, espresso cabinets, in-unit laundry, and a 36-foot deck. Parking at one point had been offered at no additional charge but is now $20,000 per space, which fits in more with Paramount Homes‘ focus on “transit-oriented” development. (Bucktown Station is located just a few yards south of the Western Blue Line stop and features both a Zipcar depot and infrastructure necessary to charge electric cars.)

Related posts:

1. Sales update: Metropolitan Tower slashes prices by 17 to 34 percent for closeout
2. Sales update: Post-auction prices arrive at Michigan Avenue Tower II
3. Sales update: Up-to-date prices at Astoria Tower
4. Sales update: Prices pruned back on Edgewater's Provenance condos
5. Sales update: Enterprise trimming prices on One Museum Park three-bedrooms

Tagged as: 60647, @properties, Bucktown, Bucktown Station, Condos, North Side