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Michael Hobbs' Blog

By Michael Hobbs | Appraiser in Chicago, IL
  • Michael Jordan's Estate Can Be YOURS for $29MM

    Posted Under: Home Buying in Highland Park, Home Selling in Highland Park, In My Neighborhood in Highland Park  |  March 3, 2012 10:28 AM  |  568 views  |  1 comment

    Obviously this is not your everyday listing, but then again, Michael Jordan was not your everyday NBA player.

    Earlier this week, famous #23 listed his mansion in Highland Park, Illinois for $29 million. For those few who need a refresher, MJ, as he was affectionately known in Chicago, led the Chicago Bulls to six NBA titles, was the league MVP 5 times. a 10-time All-NBA First Team (1987-93, 1996-98); All-NBA Second Team (1985); Defensive Player of the Year (1988); Nine-time All-Defensive First Team (1988-93, 1996-98); Rookie of the Year (1985); 14-time All-Star; All-Star MVP (1988, '96, '98); One of 50 Greatest Players in NBA History ('96); Olympic gold medalist (1984, '92) and was inducted into the NBA Hall of Fame in 2009, per NBA.com. He also became the majority owner of the Charlotte Bobcats in 2010.

    The estate basketball is 56,000 square feet, according to the press release by Baird & Warner Inc., the Chicago brokerage hired to sell the property.

    Built approximately 16-18 years ago, the estate features "nine bedrooms, 15 bathrooms and an indoor regulation basketball court with 'specially cushioned hardwood flooring' and 'competition-quality high-intensity lighting,' the press release indicated.  The property also includes a guesthouse, pool area, outdoor tennis court and three custom garages.

    In case you don't know what a $29MM property of a NBA superstar looks like, check the photos out.  Impressive in size.
    Michael Hobbs, Pahroo Appraisal & Consultancy
  • Foreclosure Opportunity Highland Park, Illinois, 60035; Approx $100/SF

    Posted Under: Home Buying in Highland Park, Foreclosure in Highland Park, In My Neighborhood in Highland Park  |  July 9, 2011 2:49 PM  |  767 views  |  1 comment

    Foreclosure Opportunity Highland Park, Illinois, 60035; Nearly $100/SF for existing house or $16.50/SF for the land.

    Just when they said it couldn't happen, it happened?  Cherry Picker Investments noted that one astute suburban Chicago investor picked up a property for more than $100,000 less than a competing land listing on the MLS.

    979 GreenBay Highland Park, Illinois, 60035

    979 Greenbay Rd

    Sold for $246,716
    Bal Due $405,618

    Built: 1930

    SF: 2,418

    Lot SF: 15,000


    860 Greenbay, Highland Park, 60035 Listed at $379,000

    Built: 1937

    SF: 2,402

    Lot SF: 15,155

    Michael Hobbs, President, PahRoo Appraisal & Consultancy

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