The Colors of Money
Area’s wealthiest suburbs not rich in racial diversity
Ad Categories: Real Estate
Reduced to Go
Smaller parking spaces and free mopeds remedy tight squeeze
New Life For Old Portals
Sixty-four wooden doors overcome hard knocks to find new homes in Shangri-La condos
Sale of the Week—Former Boeing CFO Sells Gold Coast Condo
List Price: $1.995 million
Sale Price: $1.91 million
The Property: Michael Sears, the former Boeing chief financial officer who was imprisoned for a conflict-of-interest violation with an Air Force official, has sold a Gold Coast condo he had bought after serving his time. The 3,737-square-foot condo on the second floor of the Regent (at 190 East Walton Place) has four bedrooms, each with its own private …
On The Market—Vintage Modern in Lake View
List Price: $2.49 million
The Property: On the outside it’s a crisp and reserved brick and limestone structure from the 1920s. But inside, this former three-flat, now a 5,500-square-foot single-family home, is totally 21st century. That modern aesthetic begins in the foyer with the lighted acrylic partial wall…
Housing Bulletin—More Auction Action, on Two Fronts
More Auction Action, on Two Fronts
The seller of an 80-year-old Winnetka mansion has no idea what her lakefront estate might be worth in today’s market, so she is putting it up for auction. And several builders who want to unload their new houses or vacant land have signed on with a new online real-estate auction service. Both auctions are sources of potential bargains for buyers—although in the case of the Winnetka auction…
Sale of the Week—What’s New in Wilmette?
List Price: $1.699 million
Sale Price: $1.625 million
The Property: In April 2003, Josh and Dawn Denberg paid $875,000 for a house with an extra-large lot on a charming brick street in Wilmette. (While the house, built in 1917, is clearly by a Prairie school designer, no one knows for sure the name of the architect.) The couple then…
On The Market—Contemporary Extravagance in Northbrook
List Price: $3.295 million
The Property: Set behind a 15-foot-tall privacy hedge, this house in western Northbrook has 18 rooms, a pool and a tennis court, and an outdoor kitchen big enough to cater a swim meet or a tennis match. The contemporary-styled home has a monumental entry flanked by two hefty…
Housing Bulletin—Will Property Taxes Decline with House Prices?
Now that we have pretty much accepted that our homes are worth less than they used to be, a question comes up: If the value of my home is dropping, will my property tax bill do the same?
Short answer: Not now, not for a few years, and very likely not at all.
For the long answer, it’s important first to grasp…
Sale of the Week—New Sears Recruit Shops in Winnetka
List Price: $2.99 million
Sale Price: $2.88 million
The Property: Gunther Trieb, the new president of the Sears brands Kenmore, Craftsman, and DieHard, has bought this 17-room mansion in the heart of Winnetka. The sale closed August 25th, four days…