The builders who completed a new 4,000-square-foot house on Pine Street in Winnetka last year had hopes of selling it for around $3.2 million. But the real-estate market fell progressively downward, until eventually the builders had no idea what the house was worth anymore. In March, they found out: It sold for $1,926,000, or 39 percent less than they had hoped. The real-estate auction house Sheldon Good & Co. sold the property for the builders in an unusual way...
" /> The builders who completed a new 4,000-square-foot house on Pine Street in Winnetka last year had hopes of selling it for around $3.2 million. But the real-estate market fell progressively downward, until eventually the builders had no idea what the house was worth anymore. In March, they found out: It sold for $1,926,000, or 39 percent less than they had hoped. The real-estate auction house Sheldon Good & Co. sold the property for the builders in an unusual way...
" /> The builders who completed a new 4,000-square-foot house on Pine Street in Winnetka last year had hopes of selling it for around $3.2 million. But the real-estate market fell progressively downward, until eventually the builders had no idea what the house was worth anymore. In March, they found out: It sold for $1,926,000, or 39 percent less than they had hoped. The real-estate auction house Sheldon Good & Co. sold the property for the builders in an unusual way...
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The builders who completed a new 4,000-square-foot house on Pine Street in Winnetka last year had hopes of selling it for around $3.2 million. But the real-estate market fell progressively downward, until eventually the builders had no idea what the house was worth anymore. In March, they found out: It sold for $1,926,000, or 39 percent less than they had hoped. The real-estate auction house Sheldon Good & Co. sold the property for the builders in an unusual way...
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In January 2003, a modest three-bedroom red brick bungalow in Jefferson Park sold for $269,000. Last Thursday, at a foreclosure auction in a suburban hotel ballroom, that same Northwest Side bungalow sold for $209,625 (which included an auction fee of $14,625). Although he declined to provide his name, the buyer was positively jubilant. “I know it’s worth...
As more homeowners and builders fall into foreclosure, many of the properties they let go of wind up on the auction block, where house hunters willing to do some advance legwork can land some terrific bargains. “It’s not the house’s fault or the condo’s fault that it’s being auctioned,” says Rick Levin, the head of the Chicago real-estate auction firm Rick Levin & Associates. “It’s typically the owners’... Read more
Irene Pritzker, the former wife of Robert Pritzker—who, with his brother Jay, turned a family fortune into a financial empire best known for its Hyatt hotels and resorts—has sold her 13-room Kenilworth mansion for $2,775,000. A handsome brick and limestone villa roofed in green terra cotta and situated on four-tenths of an acre, it has five bedrooms and a... Read more
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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