Villa Taj Update

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.

Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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