Naperville’s Record Home Sale!

Last November, Naperville achieved a new record sales price with a whopping $8,076,000 transaction. 222 W Van Buren Ave was designed by Charles Cook Architectural Design Studio and was built in 2019. It sits on a 1+ acre lot right outside Downtown Naperville just west of Lou Malnatis and the Apple Store. It has 5 bedrooms, 6.5 bathrooms, a 4.5 car garage, and an absolutely ridiculous 15,451 square feet of space! It also has an outdoor oasis, with an in-ground swimming pool, a luxurious covered living area, and a fire pit.

This home first hit the market mid-September of 2021 with a list price of $14,999,000. They tried this price for about 9 months before deciding to take it off the market. It later came back on the market in February of 2023 with a list price of $12,750,000 where it sat for another 6 months and was canceled AGAIN!

Immediately after, the sellers decided that an auction was the best way to sell this home. They listed the home as an auction with a “suggested price” of $8,200,000 and it ultimately closed for $8,076,000 about 2 months later. The craziest part of this is the buyer paid CASH for this home. The taxes alone on this estate come to $106,934.08 per year!

This BLEW away all other recent sales in Naperville. The next highest transaction in the last 2 years was a measly $3,075,000! But it gets better… This record sales price may be broken again very soon! 1112 Shamrock Ct, Naperville went under contract mid-January and is now pending with a list price of $10,500,000. This home was also on and off the market since 2021. it could very well top Van Buren for the most expensive Naperville closing. Will Naperville break a new record this year? We shall see!

To determine the right strategy for your next real estate transaction, you need to have the right real estate expert in your corner. Give me a call today for more info on this, and everything else real estate!