After numerous tries on the market, the Avery Coonley House in suburban Riverside has returned once again—and comes back with another $100,000 price reduction. Designed by Frank Lloyd Wright during the first decade of the twentieth century, the large house was one of Wright’s most grand Prairie School residences at the time of its construction in 1908. And with grounds designed by noted landscape architect Jens Jensen, the house was—and still is—a masterpiece from the Prairie movement.
Despite its architectural pedigree, the house has spent numerous months on the market seeking a buyer. The house first hit the market in 2010, asking $2.89 million during the deep freeze of the Great Recession. After two years, the house exited the market in October 2012. However, it made a grand reentrance in April 2015 when the it returned to the MLS seeking $2.1 million.
Today, the house is asking $1.599 million—a nearly $1.3 million drop from its introductory price tag from seven years ago. Its long go at the marketplace is not exactly unusual for Frank Lloyd Wright houses in the Chicago area however. Several others have spent months, or even years, before finding a buyer. High asking prices. costly upkeep, and an aversion towards older homes are just a few reasons why Wright houses take so long to sell in the region.
However, with another $100,000 shaved off the ask, the Coonley House is making another earnest attempt to lure a buyer.
- 281 Bloomingbank Road, Riverside, IL 60546 [Estately]
- Frank Lloyd Wright’s Avery Coonley House knocks another $100k off its price [Curbed Chicago]
- Frank Lloyd Wright’s Coonley House Returns with Lower Asking Price [Curbed Chicago]