realestate

Arlington Heights Home Sales Soar: A New Record Set

Arlington Heights: A Four-Bedroom Home Sets a New Record In Arlington Heights, a stunning four-bedroom home has made headlines as the most expensive residential transaction since 2014. Chase Rohrman, along with his wife Kristin, has recently purchased thi

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recently sold property in Arlington Heights has set a new record for the highest residential transaction since 2014. The house, located at 632 North Scottsvale Lane, was purchased for $2.25 million by Chase Rohrman and his wife Kristin. The couple has familial ties to auto dealer Bob Rohrman of the Rohrman Auto Group. The property spans 6,800 square feet and was sold at a price of $331 per square foot. The sale was finalized on August 9th, with Coldwell Banker's Robbie Morrison representing the Rohrmans, while @properties Christie's International Real Estate's Wincy Mathew represented the seller, identified as Jeanine Dvoratchek. Dvoratchek bought the house in 2013 for $988,000 ($145 per square foot). After listing it for $2.5 million ($368 per square foot) in June of this year, the property went under contract just 12 days later at 90% of the asking price.

    The purchase of this property is one of a few homes in Arlington Heights to sell for over $2 million in recent years. The only property that surpassed it was a property on Rolling Lane, which sold for $2.4 million in December 2014, according to Cook County Clerk records. In fact, the Rohrman's purchase exceeded a previous local high water mark of $2.23 million, set a month previously for a newly built home on the same street.

    Built in 1982, the Scottsvale property sits on nearly three-quarters of an acre and features an indoor pool and a view of the Rolling Green golf course. The home boasts a stone-and-shingle exterior, a family room with wood-beamed ceilings, and a library with built-in shelves. The pool is housed in a wing that extends off the back of the house, offering access to the yard through French doors on three sides.

    Chase Rohrman serves as the director of operations for Rohrman Auto Group, which operates 23 dealerships across Illinois, Wisconsin, and Indiana.

Arlington Heights home sales chart shows significant increase in local real estate market.