Posts in category "Bizarre"

The Logic Of The Pocket Listing - Why Not List On The MLS?

The Logic Of The Pocket Listing - Why Not List On The MLS?
There is no shortage of real estate mythology, superstitions, and old wives’ tales but one of the strangest concepts is the pocket listing and I think I’m due to weigh in on it since there seems to be an upsurge in the use of this strange technique in the face of a hot real estate... Read more »

Dennis Rodman To Develop Luxury Condominiums At Former Chicago Spire Site

Dennis Rodman To Develop Luxury Condominiums At Former Chicago Spire Site
Today US Ambassador to North Korea and recurring Celebrity Apprentice contestant, Dennis Rodman, announced that he will be heading up the development of a cutting edge condominium project at the former site of the Chicago Spire. The 27 story masterpiece was inspired by Rodman’s close working relationship with Donald Trump and his recent meetings with... Read more »

Villa Taj In Burr Ridge: From $25 Million To $3.1 Million

Villa Taj In Burr Ridge: From $25 Million To $3.1 Million
By Sari Levy A few years back, I wrote about Villa Taj, the 30,000 plus square foot monstrosity of a homelocated at Plainfield and County Line Road in the distinguished town of Burr Ridge. The museum looking homeonce listed for sale for a mere $25 million dollars. At that time, I speculated the property might... Read more »

Would You Pay $9.9 Million For This 980 Square Foot Home?

Would You Pay $9.9 Million For This 980 Square Foot Home?
This has to be the strangest listing in Chicago that I’ve ever seen – also the most overpriced one. David Piche of Remax just listed a 980 square foot 4 bedroom, 2 bath single family home at 3710 N Kenmore in the Wrigley Field Adjacent Area for the bargain price of $9.9 MM. The lot... Read more »

The Ultimate In Home Security - From South Africa

There’s this email that has been circulating for a while allegedly showing a home in South Africa that has the ultimate in home security. There are also a few Web sites going back to April that show these same photos – usually with the title Home Security South African Style. The house is amazingly cool... Read more »

Most Expensive Chicago Area Mansion Heads to Auction Block October 29

Serving suburbs like Hinsdale and Oakbrook, I’m no stranger to jaw dropping and inspiring luxury properties but every once in a while a house really gets my attention. That property is “Le Grand Reve” (The Big Dream), located in Chicago’s affluent north shore suburb of  Winnetka, Illinois.  It is truly an architectural wow.  Built by Richard Landry Design Group,... Read more »

Does Zillow Determine Your Net Worth?

A short while ago Zillow revised the algorithms that power the home value estimates (cleverly called “Zestimates”) on their Web site. According to a recent Wall Street Journal story “the overall margin of error for Zestimates dropped from 12% to 8.5%, not far off the typical 5% margin of error that most home appraisers claim.”... Read more »

Attempting To Raise Home Prices With Crazy Laws

What do you do if you are a politician concerned about declining home prices? Simple. You do what politicians do – create a law designed to raise prices. In Illinois, Maryland, Nevada, and Missouri legislators have proposed laws that would prohibit the use of foreclosure sales in appraisals. The Illinois law, HB 0092, would be... Read more »

Oak Brook Castle Marked Down $200K - Kings In Short Supply

Last month I posted on the Oak Brook castle that was looking for a king. Apparently kings are in short supply because they just dropped the price by $200,000. It is now listed at $4.75 MM so get your checkbooks ready. The castle is located at 3015 Lincoln Rd in Oakbrook. That’s a new link... Read more »

Massive Villa Taj Palace Flooded - 6501 S County Line Rd, Burr Ridge

My business partner has previously written about the massive mansion in Burr Ridge at 6501 S County Line Rd – affectionately known by the original owner as Villa Taj. Just to give you some quick stats on the home: 30,000 square feet A 15,000 square foot terrace 6 bedrooms 2400 square foot master bedroom 8... Read more »
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    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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