Lakeside Property

Grossinger Household’s Lakefront Tony Grunsfeld Dwelling Sells For $four.7M

HIGHLAND PARK, IL —A lakefront ranch-style home designed by a notable native modernist architect bought final week for $four.7 million in Highland Park’s costliest residential house sale in additional than three years. The sale closed Friday, lower than six weeks after first hitting the market.

Sitting on 2.four acres, the property features a 230-foot non-public seaside on a cul-de-sac off Sheridan Street. The “U”-shaped, 11-room, single-story stone design was inbuilt 1982 by architect Tony Grunsfeld, the designer of shut to a few dozen lakefront properties for numerous distinguished and prosperous North Shore residents among the many 130 houses he designed earlier than his loss of life in 2011.

The house’s former proprietor, Irwin Grossinger, inherited an area Pontiac dealership and grew it to the most important U.S. dealership to ever be bought by a overseas agency. He died in 2000, and his spouse handed away final June, shortly after their youngsters bought the many of the dealership chain to Edmonton-based AutoCanada and the remainder to the Michigan-based Zeigler Automotive group.

Click on on any picture for extra images of 54 Oakvale Street in Highland Park (Realtor.com)

The household’s former up to date ranch consists of an indoor pool, two wood-burning fireplaces and a stone patio with a inbuilt grill.

The property was listed on March 10 for just below $5 million. Its sale was listed as pending on March 25 earlier than closing on April 19 for six% underneath its asking worth.

In line with the Lake County Assessor’s Workplace, the estimated market worth of the property is $four.56 million for taxing functions and its annual property tax evaluation is sort of $117,000.

Grossinger Household’s Tony Grunsfeld Ranch Listed For $5 Million »

The house is Highland Park’s costliest sale since August 2015, when Marathon Prescription drugs CEO Jeff and Lisa Aronin bought a house at 53 Sycamore Place for $10.875 million, based on Crain’s Chicago Enterprise, which first reported final week’s sale.

The priciest house sale in Highland Park final 12 months was Highland Baking CEO Stuart and Leslie Rosen’s $four.2 million buy of a 1920 lakefront property at 2423 Egandale Street with a non-public electrical tram and a pool on a 1.Eight-acre lot.

Crain’s reported about 50% extra houses have bought within the Chicago space for $four million or extra this 12 months in comparison with final 12 months. A dealer for patrons, who haven’t been recognized in public data, advised the newspaper the brand new homeowners are Tony Grunsfeld lovers who plan on enhancing the house and investing in landscaping.

The costliest house sale within the Chicago suburbs up to now in 2019 has additionally been a lakefront Grunsfeld-designed house. A 1997-built house at 320 Shoreline Court docket in Glencoe was bought by a Thai paper magnate for $5.15 million to as-yet unidentified patrons.

Tony Grunsfeld-Designed Glencoe Dwelling Is Yr’s Priciest To Date »

Handle: 54 Oakvale Street, Highland Park Constructed: 1982Listed: $5 million on March 10 Closing Worth: $four.7 million on April 19 Sq. Ft: 10,567 Bedrooms: four Loos: 5 full, three half Constructed: 1982

Itemizing data initially appeared on realtor.com. For extra data and images, click on right here.

Discover extra just lately bought houses in Highland Park

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