Deal Estate
 

Sale of the Week

Sale of the Week—Hinsdale Record-Breaker

Posted Jan 21, 2008 at 07:32 AM
By Dennis Rodkin




List Price: $5.3 million
Sale Price: $5.2 million

The Property: This stone and stucco house in Hinsdale unfolds like a catalog of exquisite details. The bird-beak roof points and stone-arched entries are complemented inside by a stone fireplace in the foyer, a wood-beamed and –paneled ceiling soaring 24 feet above the family room, and a hanging oval staircase that winds among the house’s four levels like a hand-carved ribbon of walnut.

The slate-roofed house is the design of the architect Charles Vincent George and the builder Jim McMahon, who have collaborated on other super-lavish homes in Hinsdale. This one, McMahon says, “is definitely the best we’ve done.” The house’s Country French character is pervasive, extending even to the outdoor fireplace, a monumental stone and stucco contrivance capped by a copper roof.

It is a lavish—there are five chandeliers in the master suite dressing room alone—but comfortable home: none of the handsomely turned-out rooms is ostentatiously large. An oversize handmade armoire conceals two Sub-Zero refrigerators in the kitchen, distressed-cherry paneling and a window seat adorn the library, and textured stucco walls and a 12-foot beamed ceiling set off the master suite. “These are the things you get for $5.2 million,” says McMahon.

Price Points: This is the highest-priced speculative home ever sold in Hinsdale, according to records of the Multiple Listing Service of Northern Illinois, and it comes on the heels of McMahon’s $4.8-million sale featured in the Deal Estate column in Chicago’s February issue. This $5.2-million sale tops McMahon’s (and Hinsdale’s) previous benchmark for a spec house, the $5.038-million sale McMahon made in September 2006. McMahon has managed to do well in a down market, but he acknowledges that his past few houses might have sold for significantly more under better economic conditions. With those houses sold, he’s not starting anything new. “We’re in a holding pattern,” McMahon says.

Listing Agent: Christopher Crawford, Crawford Group Sothebys Realty, (630) 323-4800
Sales Agents: Cathy Condon and Chris Pequet, Premier Partners, 630-325-1200

Posted in Sale of the Week | Permalink

 
 

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Reader Comments:
Feb 12, 2008 05:15 pm
 Posted by  Anonymous

The rich and Hinsdale just don't seem affected by the sub-prime crisis much, do they?

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About This Blog

Deal Estate: The Blog is the online extension of Chicago magazine’s monthly “Deal Estate” column, which is written by Dennis Rodkin. On the blog, Rodkin—who has been covering the local housing scene for Chicago since 1991—provides timely updates on new homes to hit the market, recent high-end sales, and other residential real-estate news from the city and suburbs.

Got a hot housing tip? Contact Rodkin at dennis@rodkin.com.
Follow Dennis on Twitter at twitter.com/dealestate
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