National Real Estate Auction Firm, Fine & Company To Auction Historic Questend, Ottawa, Illinois 56 Acre Estate Built for Henry Thornton VP - Treasurer Ottawa Silica
CHICAGO, May 30, 2017 /PRNewswire/ -- On June 21st, Fine & Company, LLC (FineAndCompany.com), will auction the majestic estate known as Questend located at 2301 Columbus Street in Ottawa, Illinois. This majestic 7,000 square foot updated residence has everything including a swimming pool, tennis court, ice skating rink, greenhouses and beautiful walking trails throughout its 56 wooded acres including breathtaking ravines atop North Bluff. This auction represents a once in a lifetime opportunity to purchase one of the most important historic homes in LaSalle County.
Michael A. Fine, principal of Fine & Company, said: "Questend is an incredible historic estate completed in 1938 and was the largest and most luxurious home constructed in Ottawa at the time. The mansion was constructed for Henry C. Thornton and his wife Mary Thornton. Henry Thornton was Vice President and Treasurer of Ottawa Silica which later merged with U.S. Silica in 1987. Henry Thornton was a graduate of the Wharton School of Business, on the Board of Directors of the First National Bank of Ottawa, a member of the American Legion, Ottawa Boat Club, and active in Boy Scout work. The estate was then sold to Henry's nephew James Thornton who owned the house until it was purchased in 1989 by Peter and Jan Ferracuti.
Questend features seventeen rooms including formal and informal entertaining spaces, four bedrooms, five full baths, three powder rooms, a dressing room with shower, gracious living and dining rooms, elegant gourmet kitchen, large family room with access to the swimming pool, library, five fireplaces, five sun porches, three car garage, exercise room with sun deck and much more. There is a second-floor, one-bedroom apartment with attached porch for guests, staff or extended family.
Who would ever think there is a hidden away large estate with this level of privacy, wooded acreage and scenic ravines surrounded by the City of Ottawa?
The auction will take place on June 21st at 2:00 p.m. sealed bids are due.
Michael A. Fine, principal of Fine & Company, said: "There is a renaissance of historic homes going on across the country and particularly with millennials who are buying historic homes to be closer to the core of cities. These homes were built in an era of spendor environment and quality craftsmanship that is nearly extinct in suburban living today."
"Whether you are looking to buy an historic home or a unique fifty-six acre development site with character, this property is beyond having comparables. Once it is sold, this opportunity will be gone forever," said Fine.
Jan Ferracuti said: "The auction focuses the market's attention on the property, establishes a time-certain date of sale, and a transaction where all interested buyers can bid to purchase the property under identical terms and conditions."
We selected Fine & Company based on their vast knowledge of marketing and structuring the sale of unique real estate, important homes and land."
Fine added, "Buying this property is buying a piece of Ottawa's history. Questend is luxurious mid-western living of an era gone by and offers privacy and privilege that only a treasured estate provides. There are a multitude of potential uses for this property including a private family estate, or a visionary could develop the property."
The construction gives the house solid bearing featuring the intricate details of carved wood exemplifies the artisan workmanship of an era gone by. The house flows with peaceful grace and space.
Its location on unincorporated land, surrounded by the City of Ottawa puts it minutes from downtown Ottawa and Interstate 80, thirty minutes from Interstate 55, an hour and a half to downtown Chicago or O'Hare International Airport and at the gateway to Starved Rock State Park.
The property is available for inspection on: June 3, 10, and 17, by appointment only, with 48 hours notice. Call (312) 278-0600 ext 101.
A detailed Bidder's Information Packet will be available for the property. The purchase of the packet is required to bid. Packets may be obtained by calling (312) 278-0600 ext 101.
About Fine & Company
Fine & Company, LLC (www.FineAndCompany.com) is a national provider of real estate auction services whose principal competency is understanding and maximizing the value of unique real estate assets by combining high-touch auction marketing, transaction structuring with a variety of bidding techniques while providing clients with unmatched expertise along with efficiently-managed, completely transparent sale methodologies for conducting real estate transactions.
Please call Fine & Company at (312) 278-0600 for more information.
Contact: Michael A. Fine (312) 278-0600 ext 101
SOURCE Fine and Company, LLC
Share this article