July 25th, 2007 categories: Real Estate News, Olde Towne East

You may be surprised to find out that right now the Greater Olde Towne East-Woodland Park-Bronzeville-Franklin Park area has 20 properties over $300,000 on the market. 

That includes the 12,000 sq ft mansion in contract on the corner of Broad and Woodland across from Franklin Park and Park Towers respectively.  It’s been on the market pretty much since September 2005 and it’s currently listed at $1.1 million. 

But $869,900 on Franklin Park South?

Every time I run across this Franklin Park South listing, I don’t know what to make of it.  869K? I’ve been in the home since it hit the market twice. The Historic Hanna house at 1021 East Broad with 7300 sq ft is listed at $649,900.

Sure the Franklin Park South listing has 5 bedrooms, 2 full, 2 half baths and a nice pool and it sits right across from Franklin Park at a perfect spot in the water feature creek, but I will be surprised if this house would sell, in this market, for anything more than half today’s list price.

Contact me to see any Olde Towne East property. I’m happy to help and it’s never too early to start the home hunting process if you’re serious and motivated.