A Burr Ridge mansion just hit the market at $6.2 million, less than a year and a half after it was bought from a previous owner who ran out of money mid-construction.
A local cannabis entrepreneur paid $2 million last spring to buy the partially constructed home at 6379 South County Line Road from its former owner, who purchased it through a trust in 2018 and could not be identified through property records.
“It was plywood prior. There was a little bit of drywall inside, but it was a huge project,” said listing agent Alexandra Shaban of Jameson Sotheby’s International Realty. “The guy left it in rough shape.”
The seller, Guaranteed Pharma CEO and Co-Founder Ayman Haswah, was going to fix up the home for his own family before he decided to move out of state and is now treating it as an investment property, Shaban said.
Shaban helped source the property as a potential investment for Haswah as well as the neighboring plot of land, which Haswah acquired through a 1031 exchange when he sold off the Chicago liquor stores he owned under his company Spirits Beverage Center.
The six-bed, eight-bath limestone mansion covers 13,900 square feet, on an acre lot. Stone balconies with towering columns cover all sides of the home and the roof alone cost the previous owner $700,000, Shaban said. After Haswah bought the property, he further invested “multiple millions of dollars,” she said.
The home also includes a home theater, elevator and four-car garage.
As an agent who has been taking on larger deals in the suburban market, Shaban said she believes the home is priced right for the market.
“Interest rates have a big impact on consumers right now, but I’ve been seeing a lot more cash deals in the market. So we’re hoping for a cash deal,” she said. “This house, if you were to build it today, would probably cost around $7 million.”
The home’s near $6.2 million price tag puts it at $446 per square foot.
A record was set for luxury residential sales in Burr Ridge in 2022 when the mother of late rapper Juice WRLD bought a home there for $8.3 million.
Competition in the wealthy southern Chicago suburb and other suburban towns has continued to heat up since then, Shaban said. Across the street from the County Line Road home, a mansion at 65 South Cabernet Court sold for just under $5.1 million last month, according to public listing data.
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