Taylor Johnson client
AuctionWorks continues to make strides in the luxury residential market. After closing on a recent sale of a five-bedroom home in Riverwoods, the firm is now auctioning off a 6,800-square-foot Tuscan-style home in Burr Ridge. Crain’s Chicago Business has the details on the listing in its “Luxury Home of the Week” feature. To see the full specs on the property, visit the AuctionWorks website.
AuctionWorks is auctioning off a 6,800-square-foot Tuscan-style home in Burr Ridge in its upcoming February auction. Bidding starts at $1.25M.
A retirement plan industry executive by day, Phil Chiricotti is also a self-described “frustrated architect.” The Burr Ridge home he built and is putting up for auction pays homage to his Italian roots and the 1920s-era architect Addison Mizner, a favorite of the Palm Beach jet set.
The 6,800-square-foot Tuscan-style home, built in 2002, also echoes some of the sweeping resort-style elements seen in the Mizner-designed houses like the one Al Pacino’s character graced in the movie “Scarface,” according to movie-locations.com.
The four-bedroom, five-bath property in Burr Ridge is loaded with such dramatic details as carved mahogany entry doors, coffered ceilings, floor-to-ceiling marbleized columns and a granite veranda that looks out over the backyard.
Colors and light are important to Chiricotti. The home’s exterior is gold stucco, and golden stenciled designs accents many of the interior rooms’ walls. Stenciled zodiac signs and lions add depth to the walls.
“My favorite time is at night when the lights are low,” Chiricotti said. “The color-washed gold walls glow.”
Chiricotti’s home has been on and off the market for some time. He has opted to put it up for auction to create some buzz. He plans to retire and is thinking about living on a boat.
Originally listed for $2.6 million in 2009, the initial bid for the Feb. 20 auction is set at $1.25 million. He believes the home hasn’t sold because buyers in the $1.5 million price range and higher want more space rather than architectural details.
Diana Peterson, president of Sperry Van Ness Auction Works, is selling the property for Chiricotti.