Devin Hester makes poor return on Riverwoods house sale

Former Chicago Bear Devin Hester has sold his 10,000-square-foot Riverwoods home after cutting the price three times and raising it once.

Mr. Hester, who is now with the Atlanta Falcons, initially listed the seven-bedroom, eight-bath home on Lyndale Lane in mid-April 2013, asking $2.63 million. By early January, a series of cuts had taken the list price down by one-third, to $1.75 million. Later that month, the price went back up, to $1.99 million.

The sale closed March 31 at $1.8 million, according to Midwest Real Estate Data LLC. That's down 18 percent from the $2.2 million he paid for it in October 2008, according to the Lake County Recorder of Deeds. That year, he signed a $40 million, four-year contract with the Bears, where he had been for two years. Last month, the 31-year-old return specialist signed a three-year contract with the Falcons.

Mr. Hester married Zingha Walcott in 2010; they have one child. His brother, Lenorris Hester Jr., also lived in the Riverwoods home during the Bears' season, according to news reports.

Built in 2005, the house is on 2.5 acres and has a tennis court, a hot tub, a waterfall, an outdoor kitchen and a pond, according to the listing prepared by Lori Progar, the Coldwell Banker agent who represented the property. Listing photos show a wood-trimmed curving staircase, numerous interior arches, a basement pub and a backyard playground. The house also has a nanny's quarters and two laundry rooms.

Ms. Progar did not respond to a request for comment, nor did Roman Anoufriev of All Time Realty, the agent for the buyers.


(chicagobusiness.com)