January 2013 is off to a good start with homes sold in the luxury markets of Barrington and Inverness. The highest price home closed in January 2013 was:
222 Otis Rd, Barrington Hills, IL, 60010.
This home was only on the market for 14 days before a contract was accepted. The asking price was $1,799,000 and the sale price was $1,585,000. That represents an 88% list to sale price ratio which is about the average for the Barrington Hills real estate market on homes over $1 Million.
The period between contract and sale was just around 3 months, the contract was accepted in late October and was financed with a conventional mortgage. That’s a little longer than average, which is usually 60 days.
What made this property appeal to the buyer? The house is 16 years old, compared to many in Barrington Hills that’s quite young. Construction is Masonry, Cedar and Limestone, fitting for a property of this size, the tax records show 7872 square feet on 5.99 acres. The 17 rooms include 5 bedrooms, 5 and a half bathrooms, a fully finished walk out basement with a second kitchen. On warmer days the new owners can enjoy their Infinity swimming pool, spa and pergolas from the blue stone patio.
If you are ready to buy your luxury home in 60010, the majority of our higher priced properties are in Barrington Hills, South Barrington and Inverness. Wynstone in North Barrington offers a luxury golf course neighborhood. Let us help you find your dream home. Call or email us today, we want to know your dreams. 847.363.3686 and ask for Corinne.