English manor-style mansion with — gasp — smart technology lists as a flip

Despite a slowing luxury market, the owner is trying to flip the 10K-sf home for a big profit

Chicago /
Aug.August 28, 2019 04:00 PM
The Northfield English manor-style home (Credit: Redfin)

The Northfield English manor-style home (Credit: Redfin)

Amid a sagging luxury market in the Chicago area, the owner of a Northfield mansion is hoping to flip it for a $1 million profit.

The 10,500-square-foot mansion — built to resemble an English manor — is on the market for $4.3 million. That would be a 34 percent increase from what the owner paid last year for the home at 25 Meadowood Lane, records show.

Built in 2009, the six-bedroom, nine-bathroom home on over 1 acre of land, and includes gardens. It also includes decidedly unmanor-like smart technology. It has a tennis court, a library, a sauna, gym, and theater, four fireplaces, and a three-car garage.

Laura Fitzpatrick of @properties has the listing and declined to comment.

The owner purchased the home anonymously for $3.2 million last October through the Chicago Title and Land Trust Company. The previous owners were listed as James Korus and James Tussey.

In February, golfer Luke Donald sold his Northfield mansion for $3.9 million, sharp discount from the original asking, but still 5 percent over what he paid in 2008.

Nearby, eight Winnetka homes have been sold for more than $4 million this year. This week, casino magnate Neil Bluhm’s daughter, Meredith Bluhm-Wolf, sold her 9,000-square-foot property for $4 million. That sale price was 32 percent over purchase price, though Bluhm-Wolf and her husband paid for extensive renovations since their 2004 acquisition.


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