An interior designer is ready to move on from a Barrington Hills estate that she’s putting on the market at nearly $5 million.
Designer Kate Marker and her husband Kenneth are looking to sell their six-bedroom mansion at 160 North Buckley Road, the Chicago Tribune reported. Mimi Noyes of @properties and Coldwell Banker’s Dawn McKenna are the listing agents.
The asking price is far more than the $860,000 that the couple paid for the northwest suburban home in 2020. While it’s possible that the mansion undergoes a price chop, as is the case with a number of super high-end homes in Chicagoland, the dramatically higher price tag compared to three years ago reflects the extensive overhaul the couple has completed at the property.
The boom also reflects another trend in the area’s luxury market: despite hiked mortgage rates and economic uncertainty cooling off the market, low inventory has driven up asking prices, as some buyers are desperate and paying even more than the listing price.
Plus, the Chicago metro is leading the nation in home-price growth, largely because its homes have gradually appreciated since the post-pandemic housing boom, while other U.S. markets experienced skyrocketing prices after the pandemic hit, leading to a sharp downfall this year.
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The recently listed home in Barrington Hills spans 9,200 square feet and sits on a 10-acre tract. Lavish features include a wood-burning river rock fireplace, mudroom with built-in lockers and heated brick floors, a hot tub, heated saltwater pool and a fire pit. It also has a 1,000-square-foot coach house and a seven-car garage.
Marker, who runs Barrington-based Kate Marker Interiors, used her design prowess to renovate the mansion after purchasing it. Now, thanks to her work, the house has five full bathrooms, three half-bathrooms, reclaimed wood and stone flooring, a built-in coffee station and marble and soapstone countertops, the outlet reported.
The mansion was built in 1926 by Charles Buckley and its property tax bill was $20,829 in 2021.
— Quinn Donoghue