After a long run, luxury homes in the suburbs are no longer selling like hotcakes. In many instances, the large and pricey mansions built during the ‘80s, ‘90s, and early 2000s are not fetching the sale prices they were before the recession. However, if you’re looking for a deal on a large home, now is best opportunity. And perhaps the least desirable homes are the ones that maybe haven’t aged as well or haven’t been updated in years. Take this five-bedroom, 7,300-square-foot mansion in Northfield for example. It’s a large home that may have at one point cost a fortune, but it’s listed as a short sale.
Does it need updating? That’s subjective. Most people would say yes. However, there’s something about its time capsule quality. It looks and feels so late ‘80s/early ‘90s and as time goes on, there will be fewer examples of untouched homes from that era. It’s the perfect candidate for some colorful Memphis furniture (which has been making a comeback, by the way). The bathrooms and mirrored wet bar in this one are particularly strong examples of their period.
- 18 Winfield Drive Northfield, IL 60093 [Estately]