Filed under: Estates
We don't often get to know what happens to the estates we feature but this beauty in Highland Park, Illinois, which we learned last week was the former home of insurance mogul/scam artist Michael Segal has been sold. The Chicago Sun-Times reports that the home has sold for $19 million ($3 million under the asking price) to Orren Pickell Designers & Builders. The deal is not final yet but the proceeds from the home and other assets are going to pay off the creditors from his former company, Near North Insurance. Orren Pickell Designers & Builders builds and remodels luxury homes in the Chicago area and there is the possibility that the mansion could be torn down and the property subdivided. The City of Highland Park has been trying to make this classic Howard van Doren Shaw home with a Jens Jensen landscape design a landmark to prevent this from happening.