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Million-dollar foreclosures

Even million-dollar mansions can become big bargains. That's especially true when banks repossess them from delinquent borrowers and put them back on the market.

Burr Ridge, Ill.

burr ridge
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  • Price: $3.95 million
  • Size: 9,175 square feet
  • Rooms: 5 bedrooms and 6 bathrooms

Want to live in a suburban castle? Located about 20 miles from "The Loop" in downtown Chicago, this stone estate features turreted, dark slate roofs and lots of balconies and columns.

The lot boasts several patios, a sport court, and a swimming pool. Inside, entertainment areas include a home theater, a game room and a "man cave."

Top-of-the-line materials and treatments include a curving cast-iron and marble staircase, stone floors and 11-foot ceilings.

The lender bought the home back in a foreclosure auction in June, when the loan had an unpaid balance of nearly $5 million. The listing price is now about 20% less than that amount.

For further information: Trulia

  @CNNMoney - Last updated January 30 2013 06:38 AM ET

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