A controversial mansion in Southeast Evanston is scheduled for auction in August 2011. It once had a price tag of $9 million before heading into foreclosure.
The auction of the 11,000-square-foot mansion is the latest chapter in a saga that upset the exclusive one-block enclave of Edgemere Court. The tony block includes the 1927 mansion of Col. Henry Crown.
The home, built in 2008 by developer Christopher Nesbitt, has five bedrooms, seven bathrooms, an outdoor pool and lakefront access. The last asking price on the property before foreclosure was $7.9 million.
The home, and lot two doors south that was cleared by Nesbitt for another mansion, has been a sore spot for some neighbors. Nesbitt removed an existing sidewalk at the 925 Edgemere property, and removed the sidewalk on the lot at 917 Edgemere. Two other homeowners of adjacent properties removed their sidewalks as well. The removal prompted a group of neighbors to file lawsuits against the four offending properties.
A resident of the street said the disagreements over the sidewalks – and the empty home and vacant lot – have rankled a neighborhood that’s functioned harmoniously for a century.
The sheriff’s sale of 925 Edgemere comes because of a foreclosure lawsuit filed in December 2009 by the property’s lender, United Central Bank.
Foreclosures can happen to anyone, regardless of life station, and the circumstances don’t really matter – what does matter is getting away from the debt before it becomes a major issue. Legal options can be employed to stop the problem and allow you to move on with life.
Benjamin Brand Services – Chicago foreclosure attorney