I have a two-story frame home in a very nice tree-lined part of south Berwyn. Our home is nicely updated

Asked by Kaceylazz, Berwyn, IL Mon May 4, 2009

with most original woodwork intact. 3 bedrooms and 1 1/2 baths. We recently remodeled the basement. It's beautiful but now we want to be on the one year plan to move. Are we stuck??? What range are homes like this going for?

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John Sommese, Agent, Orland Park, IL
Mon May 4, 2009
If you are located in South Berwyn near Mc Neal Hospital or Proska Park then you should be able to sell your home toward the higher price range for the Berwyn market. A good comparable for a home on the market right now is 2900 Maple. It is a newer 2-story brick home with 3 bedrooms and 3.5 baths. This home was built in 1988 and offers 2800 sq ft of space. They are currently asking $345,347.
Prices have adjusted considerably in the area and it would be beneficial for you to sit down with a realtor to get a market evaluation. I

I have been a resident of Berwyn for the past 35 years and have been selling real estate for the past 17 years in the area. If you are interested in obtaining a market evaluation, please feel free to email me or phone me at 708 860-0497
Web Reference:  http://www.JohnSommese.com
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Wayne Beals, Agent, Chicago, IL
Mon May 4, 2009
As to price range:

The highest sale in Berwyn over the past 6 month period was for 330K at 3532 South Harvey.

Lowest sale was a foreclosure at 1534 Lombard for 45K Cash.
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Wayne Beals, Agent, Chicago, IL
Mon May 4, 2009
Hello Kaceylazz,

Berwyn has quite a few foreclosures hit the market recently, and this may or may not impact you.

I would recommend have a Realtor come out to do a CMA on your property. This would give you the most recent comparable sales which will help you determine what your home would sell for today.

Although the foreclosures are priced low, they often need a lot of work and carry more risk when purchasing. Often they need cash buyers or rehab financing, which can put this out of the reach of the general market.

Feel free to contact me with specific questions.

Best of Luck.
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