Cubs Player Regrets River Forest Purchase

The Chicago Cubs have been having a bit of a rocky season, both on and off the field. The Cubs haven’t won a World Series since 1908, which means that Chicago’s home town heroes have been striking out each season for more than 100 years. But a few players have also been striking out in real estate.

Pitcher Carlos Zambrano, for instance, is struggling to sell his suburban home, located in sleepy River Forest, at the moment. When Zambrano bought the home, which was built in 1999, he paid $1.199 million for it, but sources speculate that he’ll be lucky to $900,000 for it now.

According to the Tribune ” He bought the six-bedroom, nearly 4,000-square-foot house in 2006 for $1.199 million. It has four baths, a loft, a finished lower level with a large recreation room, a three-car garage and a sunken great room with a wall of windows and vaulted ceiling.”

“Zambrano lived in the home for a year and a half but decided he wanted to live closer to Wrigley Field, said listing agent Jessica Rivera of Weichert Realtors Nickel Group. In 2008, “Big Z” bought a six-bedroom, 6,700-square-foot house in Lakeview for $2.66 million.”

Zambrano has been trying to sell the home off and on since 2008, but so without success. His luck may soon change, though, as real estate experts report that the housing market in River Forest may be improving.

“The average listing price for homes there for the week ending September 21 was $543,392, down 0.4 percent from the previous week,” Trulia reports. “The median sales price from June 2011 to August 2011 was $545,000, up 17 percent from the same period in 2010. ”

Hopefully Zambrano will be able to hit a home-run with the sale of his River Forest house. Maybe then he’ll be able to hit a few home runs in Wrigley Field, as well.

If you want to learn more about Chicago real estate or are interested in finding out about some fabulous Chicago area listings just enter your information into the box on your right and an expert real estate agent will get in touch with you ASAP!

A Real Estate Blog by
A Real Estate Blog by CondoDomain