Sep
27

Former Chicago Bulls Mansion Could Use An Assist

September 27, 2009
1392 West Old Mill Road

1392 West Old Mill Road

Ben Wallace had a short and awful stint as a Bull in Chicago.  Nobody seemed to be happy during his tenure here and apparently his departure to Cleveland and eventually back to Detroit had gone much smoother than the sale of his Lake Forest mansion.

Wallace’s 6,983-square-foot, traditional-style mansion on 1.74 gated acres reportedly dropped the asking price to $2.49 million from $2.99 million.  Wallace purchased the home in 2007 for $3 million and by the time the home closes looks to lose more than $500k in a deal.  Not to mention that the real estate tax bill for this home is $37,968 per year!

Built in 2005, Wallace’s stone and slate Lake Forest mansion has five full baths, three partial baths, a cherry library, eight fireplaces, a custom staircase, a gourmet kitchen with a butler’s pantry, a four-car heated garage and a lower level with a rec room, wine cellar, billiard room and bar.

For more details on this Prudential Rubloff property click here for details 1392oldmillroad.com

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

2 Comments

1

Oh that’s awesome deal… but because of recession we need to think on this one

2

John -

Thanks for reading Chicagoland Real Estate Forum. If Par Development would like to submit a story about their projects, please let me know.

Thanks, Paul 847-259-7312

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