List Price: $4.299 million
Sale Price: $3.65 million
The Property: A 17-room house in Hinsdale that reality TV star Bill Rancic
The house was a flooded, unfinished mess in late 2009, when I first
By February 2011, Rancic and his wife, Giuliana
“It’s one of the nicest houses I’ve ever sold,” says Coldwell Banker agent Dawn McKenna, who represented the home both when the Rancics sold it for $4.6 million in 2011, and when those buyers turned around and re-sold it April 19. The agent for the buyers in that latter sale says the Rancics did such a stellar job on the house that the next sellers “couldn’t have done anything more to it to increase the value.”
But that doesn’t mean they didn’t try to sell it for more: Those owners, whose names I couldn’t determine from DuPage County records, first listed the home for $4.995 million last August. Had they gotten that, they would have reaped an eight-percent profit after owning the home for only about a year and a half. They cut the price to $4.299 million in February, and went under contract a few weeks later. The deal closed April 19 at $3.65 million, a loss of 20 percent from their February 2011 purchase price. Even so, it’s the highest price paid in Hinsdale since this epic $4.5 million property sold
Price Points: While it’s common these days for people to lose money on their home sale but then make it up on the purchase of the next one, the buyers here may have made out on both ends. Their agent, Steve Jurgens, of Chicago Home Estates, says that the city home they’re selling is going for $500,000 more than they paid for it in 2010. That deal hasn’t closed yet, but the owners listed it for $3.3 million a few days after closing on their Hinsdale purchase. Jurgens said it went under contract quickly and closes May 6, though until it closes, he can’t specify the amount. The sellers had paid $2.625 million for it in June 2010, according to the Cook County Recorder of Deeds.
Listing Agent:Dawn McKenna of Coldwell Banker, 630-789-8280, firstname.lastname@example.org.
12 months ago