NOT LISTED FOR SALE

28 Oak Terrace Lake Bluff, IL 60044

Estimated Value: $523,000 - $859,811

3 Beds
2 Baths
2,530 Sq Ft
$273/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $446,250 $176 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,108/month

17 Days on Market

Highlights

  • Wooded Lot
  • Ranch Style House
  • Home Office
  • Lake Bluff Elementary School Rated A
  • Corner Lot
  • 2 Car Attached Garage

About This Home

As of July 2023

Great potential in this ranch style single family home located in the wonderful neighborhood of Lake Bluff. This home offers a flexible, open concept floor plan with 3 bedrooms and 2 baths. Large and sunny family room opens up to the dining room and kitchen with direct access through glass sliding doors to a brick patio and private back yard. Small bonus room by the living room can serve as an office or as a workshop space. Oversized 2 car attached garage with plenty of extra space for tools and gardening equipment. This home is conveniently located to Lake Forest High School . The home is being sold in As-Is condition. It requires work and offers great potential for the right buyer.100%-tax proration, no survey.

Last Agent to Sell the Property

Mariola Buchowska

Red Zone Realty Group Inc. License #475134751 Listed on: 06/08/2023

Last Buyer's Agent

Chris Christoph

Berkshire Hathaway HomeServices Chicago License #471004748

Berkshire Hathaway HomeServices Chicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,778

Year Built

  • Built in 1954

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 209 x 80 x 206 x 94
  • Corner Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Slab Foundation
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,530 Sq Ft Home
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Schools

  • Lake Bluff Elementary School
  • Lake Bluff Middle School
  • Lake Forest High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,778

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1954
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 2530
  • Room Type: Office, Other Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 3146
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 380000
  • Lot Features: Corner Lot, Wooded
  • Roof: Other
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lake Bluff Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Lake Bluff Middle School
  • Middle/Junior School District: 65

Lot Info

  • Lot Size Acres: 0.4104
  • Lot Dimensions: 209 X 80 X 206 X 94
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 11778.34
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Jul 12, 2023
Sold by
Bmo Harris Bank Na
Bought by
Kiersch Deborah A
Seller's Agent
Mariola Buchowska
Red Zone Realty Group Inc.
Buyer's Agent
Chris Christoph
Berkshire Hathaway HomeServices Chicago
List Price
$380,000
Sold Price
$446,250
Premium/Discount to List
$66,250
17.43%
Views
140
Current Estimated Value
$691,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,453
Avg. Annual Appreciation
38.48%

Purchase Details

Closed on
Apr 11, 2023
Sold by
Sheriff Of Lake County Illinois
Bought by
Michael L Gilbert Trust

Purchase Details

Closed on
Aug 28, 2017
Sold by
Gilbert Michael L
Bought by
Gilbert Michael L and Michael L Gilbert Trust
Source: Public Records

Range of Values:

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Average Value
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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
Kiersch Deborah A $446,500 None Listed On Document
Michael L Gilbert Trust -- None Listed On Document
Gilbert Michael L -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gilbert Michael L $407,700
Previous Owner Gilbert Michael L $200,000
Previous Owner Gilbert Michael L $120,000
Previous Owner Gilbert Michael L $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2023 07/25/23 Sold $446,250 +17.4% $176 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $380,000 -- $150 / 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 $15,856 $148,735 $140,000 $8,735
2023 $11,778 $217,606 $155,377 $62,229
2022 $11,778 $172,499 $123,169 $49,330
2021 $11,366 $171,012 $122,107 $48,905
2020 $11,505 $177,717 $122,801 $54,916
2019 $11,093 $174,455 $120,547 $53,908
2018 $11,789 $189,833 $133,663 $56,170
2017 $11,688 $186,660 $131,429 $55,231
2016 $11,260 $177,670 $125,099 $52,571
2015 $12,063 $200,512 $130,884 $69,628
2014 $11,055 $165,571 $117,508 $48,063
2012 $10,375 $167,007 $118,527 $48,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11802560

Midwest Real Estate Data (MRED)

APN: 12-21-304-077