Discover President Roger Hochschild’s Recoup de Grâce

With purchase of 15-room home, couple ameliorates earlier loss

A house in Winnetka, formerly owned by Roger and Stephanie Hochschild

WINNETKA
LIST
$2.95 MILLION SALE $2.837 MILLION

WINNETKA
LIST
$5.375 MILLION SALE $5.1 MILLION

Roger Hochschild, the president and chief operating officer of Discover Financial Services, took a loss of over $460,000 this spring when he and his wife, Stephanie, sold their Winnetka home of six years. But the couple recouped some of that loss when they bought a new home about a mile away.

The Winnetka house currently owned by Roger and Stephanie Hochschild

The Hochschilds put their former home—the stone house with the turrets pictured above—on the market in February, priced at $2.95 million. They closed the sale in May for a little over $2.837 million—or about $462,000 less than the $3.3 million they paid for the place in January 2005, when it was brand-new. The house has 15 rooms (including six bedrooms) and sits on a half-acre lot that backs up to the village’s pretty Crow Island Park. The buyers are not yet identified in public records, and the Hochschilds’ agent, Susan Davis of Prudential Rubloff, would not name them. Roger Hochschild declined a request for comment.

By the time of that sale, the Hochschilds had already closed on another 15-room house—this one with seven bedrooms and a classic façade of pillars, porches, and shutters—on Winnetka’s tony Ardsley Road. They paid $5.1 million for the gated estate—or $275,000 less than the amount sought by the sellers, Steve and Kim Prosniewski, who had built the house in 1999. Steve, a trader, was one of the producers of Floored, a 2010 movie that explored Chicago’s trading pits and the changes brought on by new technologies.

Send tips about home sales to dennis@rodkin.com.

 

Photography: Dennis Rodkin

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