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Jenney-Designed Home + Coach Down 38% Since March

Thanks to an inexhaustible series of price chops, one of the five oldest homes in Riverside can be yours for considerably less than just a few months ago. Built in 1868 by WIlliam Le Baron Jenney, father of the skyscraper, the bloated colonial known as the Mundy House is asking $485K for four bedrooms, four baths, and more than 5,000 square feet. The catch? The joint needs some serious work. From a cursory overview, it at least needs some flooring and a good scrub-down. But a solid foundation of opulent 19th century items makes it worthwhile: four marble fireplaces; original light fixtures, doors, and trim; high ceilings; and, a grand foyer complete with a suit of armor (someone's idea of a security system). There's also a two-story coach house/garage that looks cosmetically in fine shape. Listing in March for $725K, the house has plummeted $240K. Like getting lost in graceful curvilinear streets? Riverside is for you.
·Listing: 185 Michaux Road [Baird & Warner]