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Souped-Up Lakewood-Balmoral Bungalow Gets Big Choppage

In the historic district of Lakewood-Balmoral, this gut-renovated 1910 bungalow would qualify as among the smallest single family homes. That's at 3,000+ square feet, mind you. The open Prairie-esque interiors are framed by handsome window banks, and a new eat-in kitchen opens to a back deck and yard (one of 3 large porches/decks). The master suite hogs many of the best features, including fireplace, skylights, and deck w/ hot tub. There's a potential second-occupancy at the basement level, with a bedroom, full bath, and second kitchen— perfect for slumbering in-laws. It also includes a family room and game room. You're looking at pretty great package in a highly sought-after location, so why the listing woes? Basically, its initial June 2011 ask of $1.299 put it a little out of synch with neighborhood comps. $899,900 is probably where it ought to be.
·Listing: 5345 N Magnolia Ave. [@properties]