NORTHBROOK, Ill., Oct. 22, 2012 (GLOBE NEWSWIRE) -- Hilco Real Estate Auctions, LLC (www.hilcoreal.com ) announced plans to hold an "Open Outcry" auction on October 30, 2012 for an exclusive 13,000 square foot mansion located at 690 Brierhill Road in Deerfield, Illinois. The auction will be held on location at the mansion.
"Based on the bidding from our recent sealed bid auction, the property's owner has directed us to open up the bidding process to the entire market and sell the property without contingencies in an open outcry auction in order to eliminate complicated sale conditions," said Michael Fine, CEO of Hilco Real Estate Auctions, LLC. "They have also reduced their reserve price dramatically. This is a unique opportunity for buyers to buy this property at a unimagined discount from its cost of construction," Fine added.
Originally listed at $10.8 million, this spectacular property is located in one of the most desirable north shore suburbs of Chicago, affording the utmost in privacy, solitude and luxury at a fraction of construction cost. The property will be shown each Saturday (20th and 27th) until the auction date, Tuesday, October 30th. All qualified bidders are invited.
For more information about bid qualification, the newly reduced reserve price and other details on the home, please contact Michael Fine at (847) 418-2700. To see details and bidding information on this masterfully designed property visit www.hilcoreal.com.
About Hilco Real Estate Auctions, LLC: Hilco Real Estate Auctions, LLC, a unit of Hilco Trading, is headquartered in Northbrook, Illinois (USA). Hilco Real Estate Auctions, LLC (www.hilcoreal.com) is a national provider of real estate auction services combining high-touch, open-outcry auctions with technologically-advanced online auctions, and added extraordinary customization providing buyers and sellers with unmatched expertise along with efficiently-managed and completely transparent sale methodologies for conducting real estate transactions.
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