Foreclosures at low prices

foreclosuresign

In 2008, there have been  foreclosures in Evanston that have sold for half of what the previous owner had paid. Some experienced big losses after buying a home “as is”, fixing it up and then selling it for less than original cost.

 

 

 

2209-emerson12209 Emerson sold for $145,000 on Dec. 31. The owner had bought it for $455,00 in 2006.

 

 

 

1225-mcdaniel1225 McDaniel sold for $150,000 on Nov. 20. The same home had sold for $270,000 on April 5, 2005.  

 

 

 

1223-mcdaniel1223 McDaniel sold for $214,000 on Aug. 1. It sold for $328,000 in 2005.

 

 

 

1703-madisonA two-flat, 1703 Madison sold for $243,000 on Oct. 31, 2008. That same property came on the market on Nov. 14, 2007 for $475,000. It never sold and the bank eventually purchased it. The property had sold for $260,000 in 2000.

 

 

625-case-img_6901604 Case sold for $210,000 on Nov. 13, 2008. It sold for $625,000 in 2006.

 

 

 

1945-jackson1945 Jackson sold for $127,500 on Oct. 30, 2008. It sold for $374,000 in 2004.

 

 

 

1621-dodge1621 Dodge sold for $165,000 on Oct. 29, 2008. It sold for $450,000 in 2006.

 

 

 

2833-park2833 Park that was rehabbed sold for $470,000 on Nov. 25. It sold as is for $530,000 in 2006 .

 

 

 

1122-darrow1122 Darrow sold $180,000 on Nov. 10, 2008. It sold for $333,000 in 2004. 

 

 

 

 There are 33 Evanston single family homes on the market that are in the foreclosure process. The most expensive home is 1505 Dewey at $399,000 and the least expensive is 1826 Foster at $149,000.

Today’s Closed Properties
2333 Central #305 – Evanston – $180,000
Based on information from Midwest Real Estate Data for the period Jan. 24, 2009 through Jan. 26, 2009. Listing and solds by various Participants of MRED

For more real estate information, please call me at 847-512-2724 or email me at TPareti@rubloff.com

One Response

  1. I really like your blog! Keep it coming. How do the Evanston foreclosures compare to our neighbors to the north or west of us?

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