NOT LISTED FOR SALE

2961 Cherry Ln Northbrook, IL 60062

Estimated Value: $745,000 - $887,000

4 Beds
2.5 Baths
2,795 Sq Ft
$283/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $625,000 $224 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,309/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Formal Dining Room
  • Patio
  • Hickory Point Elementary School Rated A-
  • 2 Car Attached Garage
  • Living Room

About This Home

As of April 2023

Pretty colonial on a tree-lined street in highly regarded District 27! Formal living room with a separate dining room, gracious foyer, good size eat-in kitchen with peninsula island, hardwood floors, and built-in hutch. Laundry room adjacent to the kitchen and attached 2 car garage. Knotty pine family room with wood-burning fireplace and sliding doors to the patio area. 4 bedrooms up with 2 baths. Large unfinished basement with crawl space. A well-loved home for over 54 years. Being sold in as-is condition and as an estate sale. Northbrook has so much to offer with 24 park areas comprised of sports courts, skating, playgrounds, athletic fields, and more. Downtown Northbrook and the public library are right down the street. Conveniently located to the I-94 and I-294 expressways.

Last Agent to Sell the Property

Maura Vrabel

@properties Christie's International Real Estate License #475150309 Listed on: 03/30/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Sarah McLean

Coldwell Banker Realty License #475173645

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,185

Year Built

  • Built in 1968

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 90x132

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,795 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • No Tub in Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Shabonee Elementary School
  • Wood Oaks Junior High School
  • Glenbrook North High School

Utilities

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

Community Details

  • White Plains Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,185

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: White Plains
  • Year Built: 1968
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: First Floor Laundry
  • LivingArea: 2795
  • Room Type: Foyer
  • Estimated Total Finished Sq Ft: 2786
  • Basement Description: Unfinished
  • Bathroom Amenities: Separate Shower,No Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2786
  • Basement Sq Ft: 1310
  • Fireplace Location: Family Room
  • Total Sq Ft: 4096
  • Unfinished Basement Sq Ft: 1310
  • Upper Level Sq Ft: 1227
  • Main Level Sq Ft: 1559
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 619000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • 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 Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Shabonee School
  • High School: Glenbrook North High School
  • Middle/Junior School: Wood Oaks Junior High School
  • Middle/Junior School District: 27

Lot Info

  • Lot Size Acres: 0.2736
  • Lot Dimensions: 90X132
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 13185.24
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Apr 25, 2023
Sold by
Dorothy L Bedessem Revocable Living Trus
Bought by
Grundeman Jeffrey H and Grundeman Renee
Seller's Agent
Maura Vrabel
@properties Christie's International Real Estate
Buyer's Agent
Sarah McLean
Coldwell Banker Realty
List Price
$619,000
Sold Price
$625,000
Premium/Discount to List
$6,000
0.97%
Total Days on Market
3
Views
20
Current Estimated Value
$792,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,171
Avg. Annual Appreciation
12.25%
Original Mortgage
$468,750
Outstanding Balance
$457,406
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$338,357
Source: Public Records

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Range of Values:

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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
Grundeman Jeffrey H $625,000 Proper Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grundeman Jeffrey H $468,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $625,000 +1.0% $224 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $619,000 -- $221 / 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 $13,257 $65,000 $17,880 $47,120
2023 $13,257 $65,000 $17,880 $47,120
2022 $13,257 $65,000 $17,880 $47,120
2021 $13,185 $52,083 $15,496 $36,587
2020 $12,989 $52,083 $15,496 $36,587
2019 $12,120 $60,871 $15,496 $45,375
2018 $10,931 $51,535 $13,708 $37,827
2017 $10,649 $51,535 $13,708 $37,827
2016 $11,967 $58,756 $13,708 $45,048
2015 $10,610 $47,966 $11,324 $36,642
2014 $11,425 $47,966 $11,324 $36,642
2013 $10,564 $50,147 $11,324 $38,823
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11748346

Midwest Real Estate Data (MRED)

APN: 04-08-413-016-0000