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$225k: Palmer Woods Party House Goes on Clearance

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After 14 months on the market, the Palmer Woods Party House is ready to call it a night. Its latest price chop leaves the asking price at $225k—exactly 50% of its original listing price. Is there no buyer looking a five-bedroom house with an upstairs "entertainment room?" What if the seller offered to stock the bar? The house was built in 1949 with a modern flair, offering an open layout, big windows and a swooping staircase. The discounted ask feels reasonable, though be forewarned: Over $17k in unpaid property taxes are still on the books.

· Listing: 1520 Lincolnshire [KW]
· $299K: Confused Party House Reveals Upstairs Wet Bar [Curbed]
· $320K: Palmer Woods Party House Has a Full Bar Upstairs [Curbed]