Normal Heights is also split in the quantity of foreclosure activity between North and South of Adams… I’ve been watching some pretty heavy foreclosure action on the south side of Adams (Meade/Monroe/Madison), esp. in the condo conversions. (There’s a condo conversion on Meade that must have a dozen foreclosures in it now.) While condo conversions and SFHs aren’t exactly exchangeable, the instability can’t be a good thing for an only-recently stabilized neighborhood. North of Adams, not so much, and most have been resold.
I live a few blocks from that bubble-priced Benton Place house, and if it sells anywhere near that price (or even the Zillow price, marked to $/SF), there will be a lot of happy neighbors hugging the new comp. But I’d give sweet odds the delusional owner will still be the owner come this autumn.
