Deal Estate - May 2009

05/28/09

On the Market: Rehabbed Richardsonian Romanesque—Lake View

List Price: $1.45 million
The Property: When two doctors, Chuck Sisung and Fred Hoff, bought this Lake View graystone in 1992, its Richardsonian Romanesque façade, which dated to 1882, was in good shape. The home’s interior, however, was in poor condition, so Sisung and Hoff launched a two-year renovation that included adding a two-story glass conservatory to the back of the house. That addition contains a...

Posted at 11:57 AM in On the Market | Permalink | Comments (0)

05/27/09

Housing Bulletin: Bill Wrigley’s Lake Forest Mansion on the Market

The ten-bedroom Lake Forest house that Bill Wrigley bought in January 2003 for $9.9 million is on the market, with an asking price of $16 million. The offering is being handled as an “exempt” listing, meaning that it will not appear on any listing service or be publicized in any way. But Deal Estate learned that Lake Forest real-estate agents received guided tours of the candy-colored Italianate mansion and its lakefront grounds on May 19th. The listing agents, Ned Skae and Beth Marquardt of Prudential Preferred Properties, would not speak about...

Posted at 07:41 AM in Housing Bulletin | Permalink | Comments (0)

05/25/09

Sale of the Week: Lake Forest Copycat Cuts Price for Quicker Sale

List Price: $2.15 million
Sold Price: $1.725 million
The Property: This 15-room house in western Lake Forest is an almost-exact duplicate of a house in the nearby Conway Farms subdivision. The primary difference is the high ceilings, says Tracy Wurster, the Prudential Preferred Properties agent who represented the sellers in a deal that closed...

Posted at 07:46 AM in Sale of the Week | Permalink | Comments (0)

05/21/09

On the Market: Lakefront Classical—Winnetka

List Price: $7.45 million
The Property: This classical revival mansion overlooking Lake Michigan in Winnetka was built in 1897 for Otto Butz, a prominent Chicago attorney. It has had only five owners; the fifth, Manucher and Jena Khodadad, have lived there since 1977...

Posted at 11:51 AM in On the Market | Permalink | Comments (0)

05/20/09

Housing Bulletin: A Harbor Country Auction

If you’re in the market for a vacation home in Southwest Michigan, drive over to New Buffalo this Memorial Day weekend and drop by the three-day open house at the Diamond Point development, where 11 townhouses and one single-family home are going up for auction on June 6th. You will need to bone up on the rules...

Posted at 07:59 AM in Housing Bulletin | Permalink | Comments (1)

05/18/09

Sale of the Week: That Yellow House in Old Town

Sale Price: $2.375 million
The Property: The bright yellow stucco of this Old Town house makes it look like the kids in the busy play lot across the street attacked the place with their crayons. Built in 1979, when Old Town was a neighborhood for urban pioneers, the house used to have a less showy façade; it was changed during...

Posted at 08:11 AM in Sale of the Week | Permalink | Comments (1)

05/14/09

On the Market: Kid Stuff—Lincoln Park

List Price: $2.595 million
The Property: This elegant 12-year-old home in Lincoln Park can also handle a crew of rambunctious kids. Just ask the sellers, Dick and Annie Rothkopf, who raised three kids there and are now downsizing. In fact, it was a teenager who found them the...

Posted at 12:30 PM in On the Market | Permalink | Comments (1)

05/13/09

Housing Bulletin: Foreclosure Pending—or Buyer in Waiting—for Lake Forest Chateau?

A lavishly renovated Lake Forest home atop a bluff overlooking Lake Michigan, formerly priced at $11.495 million, is the subject of a May 5th “foreclosure pending” filing by its bank. But the home’s developer says that he may yet sell the property before any foreclosure suit can move ahead...

Posted at 08:23 AM in Housing Bulletin | Permalink | Comments (0)

05/11/09

Sale of the Week: Half-Price Sale in Northbrook

List Price: $837,000
Sale Price: $805,000
The Property: The buyers of this big house on more than half an acre in Northbrook spent 49 percent of what its prior owners had paid for the place in 2007. Built in 2000 in a neighborhood where builders were replacing many small, older homes with far bigger residences, this house has eight rooms, each one oversized. Its white brick exterior carries through...

Posted at 07:31 AM in Sale of the Week | Permalink | Comments (0)

05/07/09

On the Market: A Mediterranean Villa in Highland Park

List Price: $949,000
The Property: Lake Michigan may not resemble the Mediterranean Sea, but here and there along its shores, Chicagoans have built some Mediterranean-style homes—including charmers like this one, with its abundant gardens and its two-story tower reaching for the sun. Creamy orange-sherbet stucco, a clay tile roof, and round-edged window insets give the house the ambience of a miniature resort—and that’s what it might once have been...

Posted at 09:37 AM in On the Market | Permalink | Comments (2)

05/06/09

Housing Bulletin: South Loop Auction Helps Out a Neighbor

The developers of two South Loop condo high-rises less than two blocks apart struggled through 2008 as they tried to sell units in the buildings. Then, this March, a big block of condos in one of the projects went on the auction block. The result was a flurry of sales not only at that building but, later, at the...

Posted at 07:17 AM in Housing Bulletin | Permalink | Comments (3)

05/04/09

Sale of the Week: Hinsdale Foreclosure Sparks a Bidding War

List Price: $899,900
Sale Price: $925,000
The Property: Five days after U.S. Bank put this foreclosed 12-room Hinsdale house up for sale, three bidders were vying for it—and the only reason it took that long was that the bank requires a property be marketed for at least five days before it will look at offers. “It could have gone even...

Posted at 08:05 AM in Sale of the Week | Permalink | Comments (1)

	05/28/09 On the Market: Rehabbed Richardsonian Romanesque—Lake View List Price: $1.45 million The Property: When two doctors, Chuck Sisung and Fred Hoff, bought this Lake View graystone in 1992, its Richardsonian Romanesque façade, which dated to 1882, was in good shape. The home’s interior, however, was in poor condition, so Sisung and Hoff launched a two-year renovation that included adding a two-story glass conservatory to the back of the house. That addition contains a... Posted at 11:57 AM in On the Market \| Permalink \| Comments (0)
	05/27/09 Housing Bulletin: Bill Wrigley’s Lake Forest Mansion on the Market The ten-bedroom Lake Forest house that Bill Wrigley bought in January 2003 for $9.9 million is on the market, with an asking price of $16 million. The offering is being handled as an “exempt” listing, meaning that it will not appear on any listing service or be publicized in any way. But Deal Estate learned that Lake Forest real-estate agents received guided tours of the candy-colored Italianate mansion and its lakefront grounds on May 19th. The listing agents, Ned Skae and Beth Marquardt of Prudential Preferred Properties, would not speak about... Posted at 07:41 AM in Housing Bulletin \| Permalink \| Comments (0)
	05/25/09 Sale of the Week: Lake Forest Copycat Cuts Price for Quicker Sale List Price: $2.15 million Sold Price: $1.725 million The Property: This 15-room house in western Lake Forest is an almost-exact duplicate of a house in the nearby Conway Farms subdivision. The primary difference is the high ceilings, says Tracy Wurster, the Prudential Preferred Properties agent who represented the sellers in a deal that closed... Posted at 07:46 AM in Sale of the Week \| Permalink \| Comments (0)
	05/21/09 On the Market: Lakefront Classical—Winnetka List Price: $7.45 million The Property: This classical revival mansion overlooking Lake Michigan in Winnetka was built in 1897 for Otto Butz, a prominent Chicago attorney. It has had only five owners; the fifth, Manucher and Jena Khodadad, have lived there since 1977... Posted at 11:51 AM in On the Market \| Permalink \| Comments (0)
	05/20/09 Housing Bulletin: A Harbor Country Auction If you’re in the market for a vacation home in Southwest Michigan, drive over to New Buffalo this Memorial Day weekend and drop by the three-day open house at the Diamond Point development, where 11 townhouses and one single-family home are going up for auction on June 6th. You will need to bone up on the rules... Posted at 07:59 AM in Housing Bulletin \| Permalink \| Comments (1)
	05/18/09 Sale of the Week: That Yellow House in Old Town Sale Price: $2.375 million The Property: The bright yellow stucco of this Old Town house makes it look like the kids in the busy play lot across the street attacked the place with their crayons. Built in 1979, when Old Town was a neighborhood for urban pioneers, the house used to have a less showy façade; it was changed during... Posted at 08:11 AM in Sale of the Week \| Permalink \| Comments (1)
	05/14/09 On the Market: Kid Stuff—Lincoln Park List Price: $2.595 million The Property: This elegant 12-year-old home in Lincoln Park can also handle a crew of rambunctious kids. Just ask the sellers, Dick and Annie Rothkopf, who raised three kids there and are now downsizing. In fact, it was a teenager who found them the... Posted at 12:30 PM in On the Market \| Permalink \| Comments (1)
	05/13/09 Housing Bulletin: Foreclosure Pending—or Buyer in Waiting—for Lake Forest Chateau? A lavishly renovated Lake Forest home atop a bluff overlooking Lake Michigan, formerly priced at $11.495 million, is the subject of a May 5th “foreclosure pending” filing by its bank. But the home’s developer says that he may yet sell the property before any foreclosure suit can move ahead... Posted at 08:23 AM in Housing Bulletin \| Permalink \| Comments (0)
	05/11/09 Sale of the Week: Half-Price Sale in Northbrook List Price: $837,000 Sale Price: $805,000 The Property: The buyers of this big house on more than half an acre in Northbrook spent 49 percent of what its prior owners had paid for the place in 2007. Built in 2000 in a neighborhood where builders were replacing many small, older homes with far bigger residences, this house has eight rooms, each one oversized. Its white brick exterior carries through... Posted at 07:31 AM in Sale of the Week \| Permalink \| Comments (0)
	05/07/09 On the Market: A Mediterranean Villa in Highland Park List Price: $949,000 The Property: Lake Michigan may not resemble the Mediterranean Sea, but here and there along its shores, Chicagoans have built some Mediterranean-style homes—including charmers like this one, with its abundant gardens and its two-story tower reaching for the sun. Creamy orange-sherbet stucco, a clay tile roof, and round-edged window insets give the house the ambience of a miniature resort—and that’s what it might once have been... Posted at 09:37 AM in On the Market \| Permalink \| Comments (2)
	05/06/09 Housing Bulletin: South Loop Auction Helps Out a Neighbor The developers of two South Loop condo high-rises less than two blocks apart struggled through 2008 as they tried to sell units in the buildings. Then, this March, a big block of condos in one of the projects went on the auction block. The result was a flurry of sales not only at that building but, later, at the... Posted at 07:17 AM in Housing Bulletin \| Permalink \| Comments (3)
	05/04/09 Sale of the Week: Hinsdale Foreclosure Sparks a Bidding War List Price: $899,900 Sale Price: $925,000 The Property: Five days after U.S. Bank put this foreclosed 12-room Hinsdale house up for sale, three bidders were vying for it—and the only reason it took that long was that the bank requires a property be marketed for at least five days before it will look at offers. “It could have gone even... Posted at 08:05 AM in Sale of the Week \| Permalink \| Comments (1)

May 2009