Naperville mansion sells in biggest resi deal since 2008

Massive estate on Perkins Court traded for $4.75M, well below its original listing price

Recessions bring great real estate deals. Or so must have thought the buyer of a $4.75 million fortress in Naperville.

The mansion at 28 W. 660 Perkins Court, which spans nearly 18,000 square feet and sits on three acres, traded at a price that represents the biggest resi deal in Naperville since 2008, according to Crain’s.

In fact, only one deal in the Chicago suburbs this year tops it — an $8.75 million sale for Le Grand Reve in Winnetka.

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The sellers of the Naperville deal, Tim and Sara Reifstock, bought the site for $755,000 in 2008 and embarked on a massive project that culminated in a Tudor-style mansion featuring six bedrooms, 10 bathrooms, a nine-car garage, elevator and a movie theater. It’s unclear how much they paid to build the home, which was marketed by Michael La Fido of @properties.

Similarly, it’s not clear who bought the home, though the buyer did receive a healthy discount. The home has been on the market for stops and starts since 2015, when it was first priced at $8.75 million, according to Crain’s. When the deal closed on Tuesday, it was last listed on the MLS for $5.4 million.

The buyer’s agent was identified as @properties’ Katherine Karvelas.

The sale represents a rare bright spot for the suburban luxury market, which has been trending down in recent years as buyers’ preferences led them back to the city. [Crain’s] James Kleimann

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Naperville mansion sells in biggest resi deal since 2008

Massive estate on Perkins Court traded for $4.75M, well below its original listing price

Recessions bring great real estate deals. Or so must have thought the buyer of a $4.75 million fortress in Naperville.

The mansion at 28 W. 660 Perkins Court, which spans nearly 18,000 square feet and sits on three acres, traded at a price that represents the biggest resi deal in Naperville since 2008, according to Crain’s.

In fact, only one deal in the Chicago suburbs this year tops it — an $8.75 million sale for Le Grand Reve in Winnetka.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The sellers of the Naperville deal, Tim and Sara Reifstock, bought the site for $755,000 in 2008 and embarked on a massive project that culminated in a Tudor-style mansion featuring six bedrooms, 10 bathrooms, a nine-car garage, elevator and a movie theater. It’s unclear how much they paid to build the home, which was marketed by Michael La Fido of @properties.

Similarly, it’s not clear who bought the home, though the buyer did receive a healthy discount. The home has been on the market for stops and starts since 2015, when it was first priced at $8.75 million, according to Crain’s. When the deal closed on Tuesday, it was last listed on the MLS for $5.4 million.

The buyer’s agent was identified as @properties’ Katherine Karvelas.

The sale represents a rare bright spot for the suburban luxury market, which has been trending down in recent years as buyers’ preferences led them back to the city. [Crain’s] James Kleimann

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