Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

Thursday, September 25, 2008

NHS Bilingual Homeownership Center Grand Opening



NHS staff (and staff spouse) at the grand opening celebration of the new Bilingual Homeownership Center in the Park Federal Savings Bank branch at 1823 W. 47th Street.



Paul Lopez, NHS board member and vice president of Park Federal, gave remarks and facilitated the program.



NHS Back of the Yards/Garfield Boulevard local advisory board members kibitz during the festivities.

Going to tonight's much less formal event--the barbecue, featuring some great carne asada and barbecued beef short ribs--reminded me I was behind schedule in posting these photos.

Oh, and in some sad local real estate news, I found out tonight that my block's first gay couple aren't sticking around. I still don't quite understand what happened, but from what Ms. Ribs told me, it sounds like the seller and/or the mortgage company tried to jerk them around for more money than seemed reasonable for this area, so they have decided to sell and try to unload the property. It's not that they can't afford their mortgage, it's that the house was overvalued. (This sounds weird to me.) I've found it listed for $227,525.

While I was at it, I did a little more real estate research and found Trulia has an overview of real estate in Back of the Yards. Here's a chart showing how the median home price has changed. I tried to paste it in here, but this format can't take the whole chart, which defeats the purpose, so check the link here and scroll down to Median Sales Price. It's not a pretty sight.

Thursday, March 06, 2008

Cut Your Property Taxes

Yesterday's Chicago Tribune ran this story about a special window later this month in which property owners can appeal their assessments. My block was reassessed two years ago (if memory serves) and I fought it then. When I got my bill recently it looked OK to me, not like a crazy increase, but I may double-check since we have an opportunity and home prices are falling here.

"According to data provided by the Chicago Association of Realtors in the last two years, the sales prices of single-family homes in the Englewood community have decreased by 13 percent or more, in the Belmont-Cragin area by 6 percent or more," Mayor Daley said at a press conference Wednesday.

The realtor data shows the largest declines in the city, 2 percent or more, in Englewood, New City (our neighborhood) and others: Belmont-Cragin, West Englewood,
Chicago Lawn; Auburn Gresham; West Pullman; Roseland; South Chicago; Garfield Ridge; Dunning; Calumet Heights; Gage Park; South Shore; Norwood Park; and Portage Park.

The special appeal period is from March 17-31. If you think your assessment is inaccurate, you can call 311 and someone from City Hall will get back to you. Or go straight to the Cook County Board of Review for an application.

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