There are many good choices for vintage, historic homes in Lakewood Balmoral. Two homes have closed this month, but there are still good options available for those interested in buying a single family home.
The best value in this Andersonville historic district is 5210 N Magnolia. The home was purchased just a couple years ago, but it has many upgrades and improvements since that date. It’s essentially in move-in condition, with a new kitchen, newly landscaped yard, newer baths, and more. At the same time, it retains some lovely vintage details. Like most Lakewood Balmoral homes, it’s on an oversized lot.
It’s not my listing — I’m endorsing it to my buyers who are looking for a lovely home in a fantastic neighborhood. Lakewood Balmoral, as an historic district, is an opportunity for buyers of single family homes to make improvements that could “freeze” their property taxes for 8 years. Qualifying vintage single family homeowners can also donate a “facade easement” that provides substantial savings on federal income taxes.
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To see this or other homes for sale in Lakewood Balmoral, contact Anne Rossley at Prudential Rubloff.
Interested in learning more about tax savings in historic districts, or learning more about donating your facade for federal tax savings? Call today!
View homes in the neighborhood – check out the slide show in this blog’s sidebar. Lakewood Balmoral is an historic district in Andersonville, part of the Edgewater Community.
View Lakewood Balmoral Historic District in a larger map
East Ravenswood has some lovely homes for sale right now — from $ 550,000 to almost $ 2,500,000, there are some fantastic historic houses for Chicago real estate buyers.
1605 W Cullom is an 1896 rehabbed Victorian, 4 bedroom 2 1/2 bath, for $ 649,000.
4156 Paulina is on a huge corner lot — 43.7 x 165. There are 4 floors of finished space with zoned heat and air, 4 bedrooms and 2 baths on the second level plus a gorgeous master suite. The kitchen is lovely, and it’s in move-in condition.
East Ravenswood Homes for Sale and Sold
January – March 2010
East Ravenswood is located between Irving Park (4000N) and Lawrence (4800 N) on Paulina and Hermitage, just west of Ashland. This landmark historic district offers homes on oversized lots –165 or 183′ deep, often on 37.5 or 50′ wide lots. These turn of the century beauties are a fantastic opportunity for those who love old historic homes.
If you own a home built before 1978, it probably contained lead based paint, and you were given a lead paint brochure and disclosure when you bought the home. This disclosed the presence of lead paint in the home if the seller was aware of it. When you sell, you will disclose any knowledge you may have of lead based paint in your home.
Now there are additional rules to follow if your home was built before 1978.
After April 22, anyone who is compensated for the renovation of a home where lead is present must be EPA – certified. The NARI recommends that home owners assume lead is present if their home was built before ’78 unless they’ve had it tested and found it to be lead-free.
Contractors, by law, must be trained in lead-safe practices. These remodelers must display their training certificate to you when you interview them. Further, they must provide you with the Renovate Right Brochure and get a signed statement from you stating that you received it.
Certified Renovators are trained to use lead-safe practices, which means:
• Containing the work area
• Minimizing the generation of lead paint dust
• Thoroughly cleaning up
• Passing a cleaning or “white glove” test
Lead based paint was used in over 38 million US homes before it was banned in 1978. Lead has been found to cause damage to developing brains and nervous systems in children under 6. It also has been linked to learning disabilities and behavior problems. Exposure most often occurs with paint dust, which can be invisible.
The Chicago Bungalow Initiative sponsors “how to” seminars for owners of these historic vintage homes, or for those who want to buy them!
The spring series includes how-to seminars on home rehabs and rehab loans. The lectures will also include information on creating your own garden and about maintaining your masonry exterior and tuckpointing. Readers know I’m a huge fan of the Chicago Bungalow. Recently, North Mayfair was named the best neighborhood in the US for bungalows and first time buyers. Other great historic bungalow neighborhoods are found in Chicago’s real estate market — Albany Park, West Ridge, and more.
The Chicago TaxSmart rehab loan program has been on hiatus, but it will resume in Q2 2010. The Bungalow seminar will explain how to take advantage of this home improvement tax savings.
March – Make the House you Have the Home you Want
Wednesday, March 10 from 6:30 to 7:45PM at the Sulzer Branch Library;
Thursday, March 18 from 6:30 to 7:45PM at the West Belmont Branch Library
Wednesday, March 24 from 6:30 to 7:45PM at the Avalon Branch Library
Room remodeling, kitchen and bath renovations, attics, pattern drawings and more. Architect Julia Liska will answer the audience’s renovation questions. A representative from the City of Chicago’s Department of Community Development will discuss how TaxSmart Rehab loans can help make a planned project a reality.
April – A Garden for Every Home
Monday, April 12 from 6:30 to 7:45PM at the Avalon Branch Library
Wednesday, April 14 from 6:30 to 7:45PM at the Sulzer Branch Library
Tuesday, April 20 from 6:30 to 7:45PM at the West Belmont Branch Library
Gardening and planting.– attendees will learn about front and back lawn landscaping, sustainable plantings, flower boxes and more with Susan Kegan from Christy Webber Landscapes.
May – Bungalow Masonry: Keeping up Appearances, Keeping down Energy Costs
Monday, May 3 from 6:30 to 7:45PM at the Avalon Branch Library
Thursday, May 6 from 7:00 to 8:15PM at the Sulzer Branch Library
Thursday, May 13 from 6:30 to 7:45PM at the West Belmont Branch Library
The importance of maintaining your Bungalow’s masonry, not just for great curb appeal, but also for ensuring your home’s energy efficiency.
As readers of my blog know well, I am CRAZY for historic homes, and there is a special place in my heart for Chicago Bungalows. I have written articles promoting homes that I’ve loved, and I was very happy to see North Mayfair recognized by Old House Journal for being the best US neighborhood for first time buyers and bungalows.
They didn’t mention, however, all the many reasons that THIS IS THE TIME to buy one!
For information regarding buying a bungalow and taking advantage of all savings opportunities, call Anne Rossley of Prudential Rubloff – 773.620.5333 * * * * * Anne sells historic homes using tomorrow’s technologies!
When we moved into our 1908 Foursquare in Lakewood Balmoral’s Historic District, one of the many priorities was removing the weather stripping, caulking, and plastic that the previous owners had installed to be energy efficient. Yes, it kept some drafts away, but BOY, WAS IT UGLY! Today our house BREATHES! But I must confess, it breathes a bit too much…
We are old house purists. We…
sank money into fixing the counterweights and replacing broken chains in the windows rather than installing new thermopanes
paid extra for antique / wavy glass when the front window cracked
keep the inner (air lock) door closed since we can’t bring ourselves to install a modern storm door over the beautiful oak front door, despite its sieve-like fit.
Most all of us are all looking to save energy — for the environment and for our wallets.
How do we vintage homeowners maintain the historic charm while “greening up” our houses, all while not spending our retirement nest eggs?
Finding answers to this question is my current quest.
My first stop — the National Association of Realtors’ new website — HouseLogic. I signed up tonight, and I recommend that you do, too. It’s chock full of articles and tips of all kinds. My eyes were drawn to the “Do it Yourself” Energy Audit. I’m going to go read it right now…
If you’re interested in learning more about doing your own energy audit, check out these links…
They’re not my listings — I present them to you so you can see what’s out there. If you are interested in seeing any of these in person, I would be happy to talk to you about setting an appointment to view them this week.
Considering an opportunity to purchase a home in an historic district with property tax freeze options? Call Anne Rossley at Prudential Rubloff to learn more about this fantastic way to save money for years to come!
In addition to the lovely George Maher homes that one sees on Hutchinson Street, the Uptown Buena Park neighborhood has some exciting news to report about an historic 1900’s Doerr & Doerr mansion at 800 W Buena…
The Day School is now a part of Menomonee Club for boys and girls. Due to reduced enrollment and CPS fundng cuts, the Day School board of directors voted to merge with Menomonee Club in July. Now called The Day Center, the facility will serve the Uptown residents by housing not for profit organizations under one roof.
A big roof it is — between the home and the coach house, almost 13,000 square feet will be available for community purposes. Neal Bader, Menomonee Club Executive Director, is speaking with various organizations and is in the process of negotiating leases for the property. After the initial leasing phase, it is hoped that additional programming for neighborhood youth and families will be developed as part of Menomonee Club’s mission.
Before the merger, The Day School was a private therapeutic school for the emotionally and learning disabled. It was started by Elizabeth Andrews to serve neighborhood kids with social and emotional challenges, but in recent years the CPS students who needed more care than the public system could provide were bused in from all corners of the city. Today, the facility will be more neighborhood-focused.
Non profit groups who are interested in learning about the facility are urged to contact Neal Bader at the Menomonee Club.
Historic homes in and near the Hutchinson Street Historic District in Chicago…
This Sunday, Sept 20, the Edgewater Historical Society will be hosting its annual historic homes tour. This year, Magnolia Glen will be the focus.
Nine homes will be showcased – interiors as well as exteriors – between 12 and 4 pm. Tickets are $ 25, and will be sold at Bethany Evangelical Lutheran Church, located at the corner of Magnolia and Thorndale.
The Gauler Twin Houses, designed by the prominent Prairie School architect Walter Burley Griffen, and on Chicago list of historic landmarks, will be included.