East Ravenswood Real Estate Update –
No homes have closed in the last month, but Abbott House is under contract. This historic landmark property was the home of Wallace C Abbott, pharmacist, then founder of Abbott Laboratories. Abbott Labs once owned the home, but later built a replica nearer their north shore facility.
The home was built in 1891 on 5 city lots – in addition to the estate-like home, there is a 1400 square foot renovated coach house on the property. It’s a unique property, and the new owners will surely want to do extensive renovations. This is perhaps part of the reason that the home was listed for sale for so long – it was listed with 2 other realtors for 490 days before Prudential Rubloff was hired to represent the property.
Abbott House was originally listed at $ 2,489,000– today’s list price is $ 1,699,000, and we won’t know the sales price until it closes. The previous owner purchased the property for $ 1,950,000 in 2006.
For information on homes for sale in East Ravenswood, contact Anne Rossley at Prudential Rubloff. Anne specializes in single family homes, particularly vintage and historic homes, and can help provide information on how to save on property taxes with historic home rehabs.
|ACTV||1605||CULLOM||$568,000||31 X 92||4||2|
|ACTV||4718||PAULINA||$765,000||32 X 183||4||4|
|ACTV||4436||PAULINA||$1,099,000||38 X 165||5||2|
|ACTV||4630||PAULINA||$1,349,000||25 X 165||4||3|
|A/I||4605||HERMITAGE||$1,699,000||92 X 165||6||7|