RealEstateConsumerInfo.com: What does 22,000 square feet look like?

What does 22,000 square feet look like?

What does 22,000 square feet look like?


Ms. Leona's sad story ~~

"The Greenwich, Connecticut estate of the late hotel magnates Leona and Harry Helmsley has finally sold for $35 million. The property was originally listed in early 2008 for $125 million. It was most recently listed at a substantially reduced price of $95 million than $75 million and slashed again to $55 million."

"The 28-room, 22,000-square-foot home called Dunnellen Hall, is on more than 40 acres and was originally built in 1918. In 1989, the Helmsleys were accused of illegally billing their company for more than $3 million in renovations to this property. Leona Helmsley was convicted and sentenced to 16 years in prison, though she served less than two. Harry Helmsley was too ill to stand trial."

"The Helmsleys purchased Dunnellen Hall in 1983 for $11 million as a summer home."  It is rumored to be cursed and haunted.



You have to correctly set the stage so back to the story we go! 

What does 22,000 square feet of anything look like?  Here's a couple of examples:

The average Schaumburg home is 2,000 square feet - stack 11 of those homes end to end to create your own block!  Name the street after yourself!

Just the interior of the home itself is almost half an acre.  Picture an entire Schaumburg play park with marble floors.

The entire Town Square Mall (including the library) is only a 27 acre site which is probably only the backyard.  Take the whole family to the 'on site' Oberweis for ice cream!

Here's the math ~ Leona, the 'Queen of Mean', knew how to work a deal!  Sold for $35 million - $11 million purchase price = $24 million.  Subtract another $3 million that you went to prison for because you can't remember who's money you really used = a cool $21 million in your handbag!

Minus commission of course!





Here's the video from Christies during one of the many price reductions!

Another 22,000 square foot house just being built!




lyn sims

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Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
15 commentsLyn Sims • October 11 2010 09:12AM

Comments

Buy low and sell high! Lack of ambition didn't hold them back, that's for sure. But perhaps she's saying she lost $90,000,000 because that's what it wast first listed at.

Posted by Glenn Roberts (Retired) about 4 years ago

I wouldn't mind the commission on that one.  I might not have to work for a while.

Posted by David Monsour, ABR - www.realty-insights.com (Coldwell Banker Select Professionals) about 4 years ago

I can buy 3 average selling houses just on the commission alone.  Amazing perspective.

Posted by Tina Parker, CNE, SRES, CSP Home Staging REALTOR, Halifax, NS (Century21 Trident Realty) about 4 years ago

Lyn, More house than I can comprehend.  You'd have to think there were entire wings they'd go months without ever stepping into!

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) about 4 years ago

Wow, but I would love to experience this commission at least once.

Posted by Paula McDonald, CHEVAUX Group ~ The Woodlands, TX 936-203-0279 (Chevaux Group, PLLC) about 4 years ago

Liz & Bill:  Yes, imagine dusting the place!  It has to feel like a museum.

Glenn:  That 'hypothetical' list price?  Many sellers are feeling that way lately.  The attorney that bought it really got a great deal.  I was afraid to figure out what 'off list' that ended up to be.

Tina & David:  Didn't even want to figure the commission on that.  I'm sure I wouldn't have to work for awhile.

Posted by Lyn Sims, Schaumburg Homes (RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago) about 4 years ago

You would have needed a golf cart just to from from the bathroom to the kitchen.  The would have been an entire community in our area.

Posted by Don Spera, Serving York and Adams County, PA (CR Property Group, LLC) about 4 years ago

Simply a summer place I am sure, don't think I will ever see a commission like that but hey I am still trying....

Posted by Gerry Michaels, GettysburgGerry Social Meida (Glasswork Media Arts) about 4 years ago

Nice little shack.  If I were living with the dearly departed Leona, the home would have to be ten times as large. The space would be necessary to minmize the chances of crossing her lovely path. 

Posted by Mike Carlier, More opinions than you want to hear about. about 4 years ago

Lyn, you always get me to laugh. Now let me tell you, you don't have to be ultra rich to name a road after you. My husband a sicilian and a builder, has named several roads after the family name. None of them have 22,000 sq foot homes, in fact one is a rental block. I do live on Caruso Lane and most people question me when they see that.

Posted by Ellen Caruso (Daniel Gale Sotheby's International Realty) about 4 years ago

Mike:  I'm sure I would definately tip toe around Leona myself.  Heck, she had to PAY her dog to like her!

Ellen: That's funny that people don't put 2 and 2 together on the street name.

Don:  You awake in the middle of the night wanting milk & cookies so you get into your golf cart & arrive in the Kitchen 1/2 hour later just from the commute.

Gerry:  Not bad as the summer place.  Let's sell one this year!

Paula:  Not a bad experience I would assume.  I would not turn it down.

Posted by Lyn Sims, Schaumburg Homes (RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago) about 4 years ago

I forget where I laid my keys now, I can't even imagine trying to figure out where I laid them if I had a house that large.

Posted by Todd Clark, Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494 (Keller Williams Realty) about 4 years ago

Hi Lyn, the Hilbert Mansion in Indy (actually Carmel, Indiana) recently sold (last week) for $3MM and was originally listed for $20MM five years ago.  It was 25,000 sq ft and on many acres; I had been in and can't imagine anyone living there as a residence!  Forrest Lucas bought it and is going to use it for entertainment and retreats.

Cindy In Indy

Posted by Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate (Keller Williams Indy NE 317-290-7775 www.marchantteam.com) about 4 years ago

Lyn- you've gotta love that "90M loss" statement.  I am finding that so many sellers think this way- even though I am not listing any homes at that price (hypothetical price or no!)

 

Posted by Jennifer Prestwich, Your Castle RE Colorado (Henderson, Thornton, Broomfield and Westminster) about 4 years ago

Jennifer: Yep, the silliness never stops.

Cindy in Indy:  I will have to look that up & check out this mansion.  $3M for Indiana is alot.  Shall I be a smart a@@ & say 'that could be half the state'?

Posted by Lyn Sims, Schaumburg Homes (RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago) about 4 years ago

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