Loyola Coach Sells Wilmette House For $1.375 Million

WILMETTE, IL — Loyola University men's basketball coach Porter Moser and his wife, Megan, sold their former Wilmette home last month for nearly $1.4 million. The sale closed just over a year after the Mosers purchased the former home of Chicago Cubs co-owner Tom Ricketts and his wife Cecilia.

The Mosers purchased the home at 1515 Spencer Ave. for $1,252,500 back in January 2012, about nine months after Mr. Moser was named head coach of the Ramblers. Last year, he led the team to their first Final Four appearance since 1963.

The eight-bedroom, three-story brick home was newly built when the Mosers purchased it, according to its listing. The Colonial-style house includes 3,670 square feet of aboveground living space on a 0.17-acre lot. It includes a large family room and a lower level recreation room with 10-foot ceilings, a bar, a media room and two bedrooms. The 14-room home also has a detached garage with room for two cars and a basketball hoop in the back.

The home was first publicly listed last July with an asking price of $1.55 million. It was later reduced until it closed June 28 for $1,375,000, which is $122,500 above its sales price from eight years ago. Public records identify the buyer as Pedro DeJesus Jr., executive vice president and general counsel to Chicago-based Tampico beverages.

Last January, the Mosers purchased the former Ricketts home at 531 Laurel Ave, about 1½ miles east of their recently sold home home on the other side of Green Bay Road, for $2.5 million.

Tom and Cecila Ricketts departed the home and subsequently moved into a custom lakefront home at 1006 Michigan Ave. They purchased the land for $7 million and were estimated to have spent more than $10 million building the structure. According to the Cook County Assessor's Office, that home's taxable value was $6,224,290 last year after attorney James Fortcamp appealed its value down from over $9.2 million.

The same property tax attorney filed property tax appeals for fellow Cubs co-owner Todd Ricketts' own custom-built Wilmette home, managing to reduce its assessed value after two previous houses on the site were demolished. As first reported last week by the Chicago Tribune, Todd Ricketts never had to pay taxes on the value of the new home and Fortcamp filed paperwork with Cook County indicating they lived in a house that had been demolished, likely saving about $10,000 a year on taxes throughout the past decade. Fortcamp has not responded to repeated requests for comment on the matter.

• Address: 1515 Spencer Ave., Wilmette
• Built: 2012
• Lot Size: 0.17 acres
• Square Feet: 7,500
• Bedrooms: 8
• Bathrooms: 5 full, 1 half
• Sale Price: $1,375,000 on June 28

Listing information originally appeared on realtor.com. For more information and photos, click here.

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