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St. Charles' 'Lord Mansion' Sells After 6 Years on the Market
Sale comes amid continued reports of improvements in the St. Charles housing market.
An 11,400-square-foot St. Charles mansion whose builder once asked $4.8 million for the eco-friendly home finally has sold after nearly six years on the market, according to ChicagoMag.com. The closing price on the five-bedroom, six-bathroom home and its 1.7-acre lot was $1.776 million when the sale was concluded Jan. 3, ChicagoMag.com reported. Built in 2007 by Robert Lord, the house featured a variety of energy-saving features that included geothermal heating. But no one has ever lived in it. Troubling signs appeared in the housing market after prices peaked in 2006, after which the “housing bubble” burst, according to Wikipedia. The decline continued in 2007. When the Great Recession began in 2007, prices continued to tumble. Increasing…
