The home hit the market for the first time since it was built with an asking price more than a million dollars over the village record.
NORTHFIELD, IL — The fourth-generation chief executive officer of investment company listed his Northfield mansion for sale Wednesday.
Built a decade ago by one of his firm’s subsidiaries on a 2-acre parcel on a cul-de-sac just east of Sunset Ridge Country Club, the 11,000-square-foot could break the village’s record for priciest property ever sold.
The California villa=style house has a stucco exterior with limestone trimming, a slate roof and copper gutters. Its interior has 11-foot ceilings, with oak beams and floors, wide hallways and “finishes beyond compare,” according to its listing. (Realtor.com) There are two sets of floor-to-ceiling French doors on either side of the limestone fireplace in the family room. They open to a screened porch with a vaulted beamed ceiling and a another stone fireplace. (Realtor.com) Several of the home’s 15 rooms are arranged to surround its expansive patio and outdoor pool, the listing said. (Realtor.com) The exterior also includes a fire pit and outdoor grill, and there are five garage spaces arranged outside with basketball hoop and additional outdoor seating areas on the front and side of the house.
The master suite and three more family bedrooms are located on the second floor. (Realtor.com) The lower level features a recreation room, kitchenette, workout room, sports room, game room, guest room and wine cellar. (Realtor.com) Bert Getz Jr., co-CEO of Globe Corp., purchased the site for $600,000 in 2004 through a legal entity, according to Crain’s Chicago Business, which first reported Wednesday’s listing.
Property records show Globe, founded in 1901 in Chicago as Gertz Coal Company but now based in Arizona and focusing on real estate, stocks and private equity funds, took out an almost $6.12 million mortgage on the house in December 2011.
The house was built by Merit Homes , a subsidiary of the firm , which has offices in Deerfield and Scottsdale, Arizona. Crain’s cited historical real estate data showing the most ever paid for a Northfield is home was $3.9 million in February 2019 for a Bristol Road property.
According to the Cook County Assessor’s Office, the estimated market value of Getz’s Shadowood Lane property is $2.6 million. Its annual property tax bill was more than $60,000 last year. (Cook County Assessor’s Office) Address: 225 Shadowood Ln, Northfield, Illinois.
