An Oak Brook mansion reset the bar in the western suburb by fetching $4.75 million to mark the priciest home sale in the area in 15 years.
The buyers, whose identities have not yet been revealed, picked up the two-story, 6,671-square-foot contemporary-style mansion in the Hunter Trails neighborhood, the Chicago Tribune reported.
Dawn McKenna served as the listing agent, while Michael LaFido of eXp Realty represented the buyers. The sellers, whose names were also undisclosed, paid $1.18 million for the property in 2013 and razed the home that previously existed at the site. Their new home was built in 2016.
It was the most expensive home sale in Oak Brook since 2009, when a seven-bedroom, 15,000-square-foot mansion a few blocks away was purchased for $5.45 million. The recently sold mansion sits on a little more than an acre. It has a wood and stone facade and a swimming pool.
Even though residential transactions in the ballpark of $5 million rarely occur in the area, some Oak Brook sellers are seeking to shatter the recent high-water point set by McKenna’s listing.
Construction crane businessman BJ Bohne and his wife Irena recently listed a mansion at 3305 York Road for $7.9 million, which is just below the record sale price of $7.95 million in DuPage County, set by former White Sox slugger Frank Thomas in his 2003 sale of a 25,000-square-foot Oak Brook spread.
In January, a 17,000-square-foot home in Oak Brook also hit the market at $6.5 million.
Some of these listings may have to undergo at least one substantial price chop, however, before trading hands, as has become common for many high-end residential properties priced at more than $5 million in Chicagoland. From North Shore mansions to downtown condos, cuts of $1 million or more have been necessary to move some of the priciest listings in the market.
In the western suburbs, though, momentum seems to be building. In addition to the Oak Brook sale and recent listings of properties such as Bohne’s, the mother of late rapper Juice WRLD dropped $8 million on a home in nearby Burr Ridge, annihilating that village’s previous record of $2.1 million.
And in Naperville, sellers of a 15,400-square-foot home at 222 West Van Buren Avenue are seeking $12.75 million — which would mark a record high for the suburb even after they shaved 15 percent off its initial asking price earlier this year.
— Quinn Donoghue
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