Last October, I wrote about an outrageous mansion, Villa Taj in Burr Ridge. Since then I have obtained some interesting tidbits of updated information.
- The auction reserve price was $12 million dollars – the auction failed
- The current broker thinks the place could be sold for scrap for a mere $6mm
- The seller isn’t entertaining any potential buyers who can’t back up their interest with a $10mm documented net worth
While the cooperating commission is not published my guess is about 1.0-1.5% on a sales price around $10mm, which of course, we’d split with you if we represented you in the transaction. When I first wrote about this home, I thought it would sell for north of $12mm. My optimism has diminished.