A mysterious seller is testing whether a complete renovation of the Winnetka mansion will pay off.
The six-bedroom, 12,100-square-foot estate at 969 Hill Road is listed for just under $7 million, the Chicago Tribune Report. Jena Radnay of @properties is marketing the 1.3 acre property.
Built in 1938, the mansion was designed by architect Solon Spencer Beman and later redesigned by Chicago-based J. Lawton Thies Architects. Early on, it was owned by grain broker Edwin Taylor Maynard, who died in 1953. Donald S. Perkins was Chairman and CEO of Grocer Jewelry for a decade and later owned the property for 35 years. Perkins sold the mansion in 2013 for $2.68 million before his death in 2015.
The current seller bought the property from Perkins, a land trust that protects its beneficiaries from public records.
It’s hard to tell if this home will fetch the hefty asking price. A similarly large home spread on the North Shore has come to the market, requiring a markdown from its original listing price to sell. But many high-end homes that have been slow to sell still need renovations to bring them up to buyers’ standards. Radnay predicted that was unlikely to be the case at the Hill Road estate.
“It’s the perfect turnkey restoration,” she told the outlet, adding that the sellers spared no expense on the renovation.
Still, other homes near the top of the market in the suburb have experienced significant price cuts in recent weeks. In Lake Bluff, seller Lisa Zenni cut the asking price of her 10,000-square-foot home on 12 acres last month by $1 million, down from nearly $20 million when it first listed in 2018 .
The 969 Hill Road estate has six full bathrooms, three half bathrooms, a library, conservatory overlooking the gardens, entertainment and media rooms, and a billiards area. Outside is a brand new pool and spa, living spaces and custom patio area off the guest house.
— Quinn Donoghue
