NOT LISTED FOR SALE

231 Butternut Rd Barrington, IL 60010

Estimated Value: $2,185,000

5.1 Acres
$428,431 Price per Acre
222,156 Sq Ft Lot

Last Sold April 09, 2021

Last sale price $665,000 $163 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $12,280/month

1,233 Days on Market

About This Lot

As of April 2021

VACANT LAND in the heart of Barrington Hills on the shores of Lacey Lake. Very private culdesac location on 5.1 acres with beautiful rolling meadows. Property will accommodate barn and horses. High above the water with spectacular views and ideal for walk out basement. Long winding driveway with mature hardwood trees. Come build your dream home in the perfect location!

Last Agent to Sell the Property

Carl Kubiuk

Baird & Warner Listed on: 10/15/2017

Baird & Warner

Last Buyer's Agent

John Morrison

@properties Christie's International Real Estate License #471000101

@properties Christie's International Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,761

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$4,761

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Potential Use: Residential-Estate
  • Utilities To Site: Electric to Site, Gas to Site, Septic-Private, Well-Private
  • Zoning Type: SINGL
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Description: Cleared, Horses Allowed, Irregular, Pond/Lake, Rolling Rural, Wooded, Walk-out
  • Road Surface: Asphalt

Exterior Features

  • Lot Size: 5.0-5.99 Acres
  • Waterfront: Yes
  • Acreage: 5.1
  • Frontage Access: Public Road
  • Front Footage: 40

Schools

  • School District: 220
  • Elementary School: Countryside Elementary School
  • Middle School: Barrington Middle School Prairie
  • High School: Barrington High School
  • Junior High Dist: 220

Lot Info

  • Lot Dimensions: 580 X 400
  • Land Amenities: Horse-Community Barn, Pond/Lake, Water Rights
  • Parcel Identification Number: 01042020280000

Building Info

  • Building Improvements: Barn
  • Buildings On Land: Yes

Tax Info

  • Taxes: 5322.97

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2023
Sold by
Argyros George and Argyros Erin
Bought by
George N Argyros Trust and Erin L Argyros Trust
Current Estimated Value
$2,185,000

Purchase Details

Listed on
Oct 15, 2017
Closed on
Apr 7, 2021
Sold by
Vladimir Pakhnyuk
Bought by
George Argyros and George Erin Argyros
Seller's Agent
Carl Kubiuk
Baird & Warner
Buyer's Agent
John Morrison
@properties Christie's International Real Estate
List Price
$899,000
Sold Price
$665,000
Premium/Discount to List
-$234,000
-26.03%

Purchase Details

Listed on
Aug 21, 2013
Closed on
Mar 10, 2014
Sold by
Ottenad Robert L
Bought by
Pakhnyuk Vladimir
Seller's Agent
Thomas Magner
Keller Williams Success Realty
Buyer's Agent
David Slack
Compass
List Price
$1,900,000
Sold Price
$800,000
Premium/Discount to List
-$1,100,000
-57.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.58%
Original Mortgage
$640,000
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 13, 2006
Sold by
Ottenad Robert L
Bought by
Ottenad Robert L and The Robert L Ottenad Living Trust

Purchase Details

Closed on
Aug 1, 2006
Sold by
Ottenad Robert L
Bought by
Ottenad Robert L and The Patricia Ottenad Revocable Trust

Purchase Details

Closed on
Jul 31, 2006
Sold by
Cole Taylor Bank
Bought by
Ottenad Robert L and Ottenad Patricia M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
George N Argyros Trust -- Proper Title
George Argyros $665,000 Chicago Title
Pakhnyuk Vladimir $800,000 Fidelity National Title Ins
Ottenad Robert L -- None Available
Ottenad Robert L -- None Available
Ottenad Robert L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner George Argyros $2,844,000
Previous Owner Pakhnyuk Vladimir $640,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $665,000 -4.9% $163 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
08/31/2020 08/31/20 Price Changed $699,000 -22.2% $171 / Sq Ft
10/15/2017 10/15/17 For Sale $899,000 +12.4% $220 / Sq Ft
03/11/2014 03/11/14 Sold $800,000 -27.3% $199 / Sq Ft
01/03/2014 01/03/14 Pending -- -- --
09/17/2013 09/17/13 Price Changed $1,100,000 -42.1% $273 / Sq Ft
08/21/2013 08/21/13 For Sale $1,900,000 -- $472 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,761 $200,000 $19,679 $180,321
2023 $4,648 $19,879 $19,679 $200
2022 $4,648 $19,879 $19,679 $200
2021 $5,322 $19,878 $19,678 $200
2020 $5,165 $19,878 $19,678 $200
2019 $4,521 $19,878 $19,678 $200
2018 $3,429 $14,759 $14,759 $0
2017 $3,353 $14,759 $14,759 $0
2016 $3,174 $14,759 $14,759 $0
2015 $2,370 $9,839 $9,839 $0
2014 $11,117 $46,233 $9,839 $36,394
2013 $19,084 $82,628 $9,839 $72,789
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09779671

Midwest Real Estate Data (MRED)

APN: 01-04-202-028-0000