A concerned and/or delighted homeowner has sounded the listing-price alarm in Chosewood Park, located on the Beltline's future Southside Trail, just south of Grant Park and Peoplestown.
"Two months ago this house had a tree growing through a couch in the front yard in a neighborhood where the top asking prices were in the mid-$100,000 range," begins an email to Curbed titled, "Chosewood Park is Starting to See Some Grant Park Prices."
"This is not my house, but I do live in the neighborhood," continues the emailer. "It was unexpected. It'll be interesting to see if they can get what they want. They also did a nice job rehabbing a little cottage instead of knocking it down."
So let's have a closer look.
The median home value in Chosewood Park, per Zillow, is just $60,600, but that represents a 12-percent spike in the last year. Built in 1924, this bungalow was scooped up in January for $50,000.
The new price is $339,000 — or $276 per square foot.
It offers three bedrooms and two bathrooms in a condo-like 1,228 square feet. According to the listing, it boasts "state-of-the-art efficiency systems with an upgraded Energy Star Certified appliance package," plus innumerable upgrades and two daylight basement rooms. The Walk Score, for now at least, is a low 30.
To the emailer's point, there are no similarly sized single-family homes for sale in Grant Park at the moment, though this three-bedroom, two-story house with the exact same square footage bears "Make Me Move" status on Zillow for $375,000. And this slightly larger two-bedroom is $360,000.
But, then again, free-of-charge Triple M listings rarely reflect reality.
- 1278 Grant St. SE [Zillow]
- Which of These 'Make Me Move' Listings is Least Delusional? [Curbed]