Naperville mansion sells in biggest resi deal since 2008

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

Chicago /
Jun.June 24, 2020 01:17 PM
28 W 660 Perkins Court (Credit: @properties via Crain's)

28 W 660 Perkins Court (Credit: @properties via Crain’s)

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.

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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