The CEO of Conagra Brands sold his Winnetka home for almost $4 million, $200,000 above the asking price, in less than a week.
Sean Connolly put the six-bedroom Linden Avenue home on the market in May for $3.7 million, Crain’s reported. It went into contract six days later for $3.9 million.
Multiple offers drove up the price, Joanne Hudson, the Compass agent who represented the sellers, told the outlet. The sale was “typical of the demand for homes like this in Winnetka,” Hudson said.
Built in 2006 and extensively renovated in 2010, the Nantucket-style house on about a half acre, has fieldstone along the lower level and wood siding and multiple gables on the second. Connolly added a circular driveway, bluestone patios and some landscaping.
The home has many features that have become standard for luxury properties, like a wood-paneled library, a dining room with a butler’s pantry, a workout room, a wet bar and a media room. It’s also got a wine refrigerator in the primary suite.
Connolly paid $2.9 million for the home in 2012, when he was CEO of Hillshire Brands. Shortly after he became CEO of Conagra in February 2015, he said the company would move its headquarters to Chicago, bringing about 300 jobs to the area.
Conagra Brands include Slim Jim, Birds Eye, Duncan Heinz, Healthy Choice and Orville Redenbacher.
A few miles away, the former home of Arthur Nielson, the creator of Nielsen Ratings, is asking just under $7 million. The 17,000 square-foot home, built by Nielson in 1937, hit the market in April and now has a pending offer.
Winnetka, about 16 miles north of Chicago, is among the city’s smallest and wealthiest suburbs, with a population of about 12,000. According to the U.S. Census, the median home costs about $1.1 million. The village is home to one of the area’s most expensive listings, a 1902 home seeking $16 million.
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[CCB] — Victoria Pruitt