Homeward Bound - North

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Seller underpricing builder at Churchill Hunt in Gurnee

Joe Zekas

20 years on the North Shore without going native.

Not that long ago Gurnee was one of the hottest housing markets in Chicago's north suburbs. That would have been about the time when Toll Brothers was the nation's hottest upscale builder, the subject of a feature-length profile in the New York Times.

Those were the days my friend. We thought they'd never end.

The home at 5573 Chancery Rd in Gurnee was purchased in November of 2005 for $663,000, including a reported $75K in upgrades. And then the busy years went rushing by... It was listed in December of 2008 for $809,000. After 8 price reductions it's currently offered for $615,000 - well below the $637,995 base price at which Toll Brothers is offering the same model. The listed home, curiously, has 400 more square feet than the builder reports.



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