Kerry Wood has sold his house in Chicago’s Old Town Triangle for $1,201,000. That’s $2,000 more than he was asking at the time it sold, but $94,000 less than he paid for it in 2004—which means the Cubs pitcher took a 7 percent loss on the property.

In October 2004, Wood and his wife, Sarah, paid $1,295,000 for this house on a narrow 19th-century street a few blocks west of Lincoln Park. Built in 1876 (most likely by German immigrants), the seven-room, three-bedroom house has been…

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Housing Bulletin—Kerry Wood Takes a Loss

Kerry Wood has sold his house in Chicago’s Old Town Triangle for $1,201,000. That’s $2,000 more than he was asking at the time it sold, but $94,000 less than he paid for it in 2004—which means the Cubs pitcher took a 7 percent loss on the property.

In October 2004, Wood and his wife, Sarah, paid $1,295,000 for this house on a narrow 19th-century street a few blocks west of Lincoln Park. Built in 1876 (most likely by German immigrants), the seven-room, three-bedroom house has been…

Kerry Wood has sold his house in Chicago’s Old Town Triangle for $1,201,000. That’s $2,000 more than he was asking at the time it sold, but $94,000 less than he paid for it in 2004—which means the Cubs pitcher took a 7 percent loss on the property.

In October 2004, Wood and his wife, Sarah, paid $1,295,000 for this house on a narrow 19th-century street a few blocks west of Lincoln Park. Built in 1876 (most likely by German immigrants), the seven-room, three-bedroom house has been updated inside with high-end appliances, marble bath surfaces, and a media room in the basement. The house has skylights, wide-plank floors, two fireplaces, and a sunny interior thanks to the oversized period windows. For this densely packed neighborhood, it has an extra-large lot—35 feet by 130 feet—which helps explain that rare Old Town amenity: an attached two-car garage, which is entered directly off the street. A big outdoor terrace sits on the garage roof, a few steps up from the kitchen and family room.

The couple paid $1,295,000 for the house in 2004. They moved there from a River North condo they sold for $760,000—meaning they realized a 6.3 percent profit after owning the place for less than two years. In May 2007, the Woods listed the Old Town house for sale with an asking price of $1,525,000. A series of price cuts took it down to $1,199,000 by January 17th, when a buyer signed a contract to pay $1,201,000. (The increase from the asking price may indicate that the Woods agreed to leave some furniture or other items in the house.) The sale closed on February 6th.

I was unable to learn if the Woods have bought another home locally, nor could I determine if they made any significant improvements to the Old Town house. Their real-estate agent, Lillian Khattar of Koenig & Strey GMAC, wouldn’t discuss it with me, and his sports agent, Pat Rooney, did not respond to a series of phone messages asking for an interview with Wood. Last November, Wood signed a one-year contract with the Cubs reportedly worth $4.2 million (with incentives built in that could mean another $3 million). Now relegated to the bullpen, the oft-injured Wood, who has been with the Cubs organization since 1995, was the National League Rookie of the Year in 1998, when, in only his fifth start, he tied a major-league record by striking out 20 batters in a nine-inning game.

 

Photography: (on homepage) Chicago Tribune/Morry Gash

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