NOT LISTED FOR SALE

345 Elder Ln Winnetka, IL 60093

Estimated Value: $2,717,000 - $2,978,000

6 Beds
7 Baths
5,225 Sq Ft
$544/Sq Ft Est. Value

Last Sold December 15, 2015

Last sale price $2,326,000 $445 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $17,944/month

10 Days on Market

Highlights

  • Heated Floors
  • Colonial Architecture
  • Deck
  • Greeley Elementary School Rated A
  • Landscaped Professionally
  • 2-minute walk to Elder Lane Park

About This Home

As of December 2015

If you are looking for a classic East Winnetka home that has been updated to perfection, THIS IS IT! Stunning 2011-2012 renovation with the absolute finest details and finishes, and no detail overlooked. First floor features elegant living and dining room, stunning kitchen adjacent to large family room, library, laundry, mudroom, huge pantry and large breakfast room. Fantastic master retreat with fireplace, walk in closet for him and huge dressing room for her and a bathroom with jetted soaker tub, shower and radiant heat floors. Deck off of the master suite offers views of the large, tranquil property. Five additional BR's including one on finished 3rd floor and one in finished basement. Five additional baths and lovely powder room. 345 Elder is steps from Elder Lane beach and an easy walk to Greeley School and New Trier, the Indian Hill Metra station and Centennial Park. Brand new roof in August 2015. Detached two car garage. Don't miss the special home!

Last Agent to Sell the Property

Cathryn Lopez

Coldwell Banker Realty Listed on: 09/07/2015

Last Buyer's Agent

Cheryl Turchi-Bussmann

@properties Christie's International Real Estate License #475118918

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • 1923

Lot Details

  • Southern Exposure
  • Landscaped Professionally
  • Irregular Lot

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Colonial Architecture
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • Gas Log Fireplace
  • Mud Room
  • Entrance Foyer
  • Breakfast Room
  • Home Office
  • Library
  • Recreation Room
  • Screened Porch
  • Storm Screens

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near bus stop

Utilities

  • Central Air
  • SpacePak Central Air
  • Hot Water Heating System
  • Heating System Uses Gas
  • Radiant Heating System
  • Lake Michigan Water
  • Overhead Sewers

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

1923

Lot Details

0.45 Acres

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 3
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 6.1
  • Style Of House: Colonial
  • Type Detached: 3 Stories
  • Estimated Year Built: 1923
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1923

Interior Features

  • Interior Property Features: Hardwood Floors, Heated Floors, 1st Floor Laundry
  • Number Of Rooms: 14
  • Living Room: Dimensions: 27X19, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal
  • Fireplace Details: Gas Logs
  • Attic: Finished
  • Fireplace Location: Family Room, Living Room, Master Bedroom
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 6
  • Below Grade Bedrooms: 1
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink, Soaking Tub
  • Above Grade Bedrooms: 5
  • Laundry: Dimensions: 11X6, On Level: Main Level, Flooring: Ceramic Tile, Windows: Blinds
  • Dining Room: Dimensions: 19X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 19X15, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Pantry-Walk-in
  • Additional Rooms: 5th Bedroom, 6th Bedroom, Breakfast Room, Foyer, Library, Mud Room, Office, Recreation Room, Screened Porch
  • Master Bedroom: Dimensions: 19X14, On Level: 2nd Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 30X13, On Level: 3rd Level, Flooring: Carpet
  • Additional Room 2 Name: 6th Bdrm, Dimensions: 15X15, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 19X14, On Level: 2nd Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 3 Name: Breakfast Rm, Dimensions: 14X11, On Level: Main Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 17X13, On Level: 2nd Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 4 Name: Library, Dimensions: 27X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 13X11, On Level: 2nd Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 5 Name: Recreation Rm, Dimensions: 23X17, On Level: Basement, Flooring: Carpet
  • Additional Room 6 Name: Foyer, Dimensions: 19X10, On Level: Main Level, Flooring: Hardwood
  • Additional Room 7 Name: Mud, Dimensions: 11X6, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Room 8 Name: Screened Porch, Dimensions: 24X13, On Level: Main Level, Flooring: Other
  • Additional Room 9 Name: Office, Dimensions: 17X10, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 5225
  • Dining Room Type: Separate
  • Family Room: Dimensions: 24X18, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Stucco
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck, Patio, Porch Screened, Storms/Screens
  • Exposure: S (South)

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air, Space Pac
  • Water: Lake Michigan, Public
  • Sewer: Overhead Sewers
  • Heating Fuel: Gas, Hot Water/Steam, Radiant

Schools

  • Junior High Dist: 36

Lot Info

  • Lot Dimensions: 100X61.5X143.2X76X180
  • Lot Description: Irregular, Landscaped Professionally
  • Parcel Identification Number: 05214080040000

Tax Info

  • Taxes: 31722.72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2018
Sold by
Schaeffer Edward M and Schaeffer Andrea Suzanne
Bought by
Declaration Schaeffer Edward M and Edward M Schaeffer Declaration Of Tr
Current Estimated Value
$2,841,074

Purchase Details

Listed on
Sep 7, 2015
Closed on
Dec 15, 2015
Sold by
Lopez Cathryn H and Lopez Guillermo
Bought by
Schaeffer Edward M and Schaeffer Andrea Suzanne
Seller's Agent
Cathryn Lopez
Coldwell Banker Realty
Buyer's Agent
Cheryl Turchi-Bussmann
@properties Christie's International Real Estate
List Price
$2,425,000
Sold Price
$2,326,000
Premium/Discount to List
-$99,000
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.98%
Original Mortgage
$1,000,000
Outstanding Balance
$400,254
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$2,440,820

Purchase Details

Closed on
Jan 20, 2012
Sold by
Lopez Juan Maurice and Hallahan Cathryn
Bought by
Lopez J Maurice and The J Maurice Lopez Trust

Purchase Details

Closed on
May 14, 2010
Sold by
Logan Todd and Logan Linda
Bought by
Lopez Juan Maurice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,000
Interest Rate
5.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Declaration Schaeffer Edward M -- Attorney
Schaeffer Edward M $2,326,000 Title Resources Guaranty Co
Lopez J Maurice -- None Available
Lopez Juan Maurice $1,735,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaeffer Edward M $1,000,000
Previous Owner Lopez Juan Maurice $835,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2015 12/15/15 Sold $2,326,000 -4.1% $445 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
09/07/2015 09/07/15 For Sale $2,425,000 -- $464 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $40,225 $217,602 $53,312 $164,290
2024 $40,225 $159,797 $65,159 $94,638
2023 $42,230 $176,827 $65,159 $111,668
2022 $42,230 $196,910 $65,159 $131,751
2021 $30,294 $120,059 $44,426 $75,633
2020 $29,870 $120,059 $44,426 $75,633
2019 $29,632 $130,499 $44,426 $86,073
2018 $32,962 $140,860 $38,502 $102,358
2017 $33,589 $147,875 $38,502 $109,373
2016 $32,186 $147,875 $38,502 $109,373
2015 $30,196 $125,355 $32,085 $93,270
2014 $31,723 $134,333 $32,085 $102,248
2013 $32,397 $143,709 $32,085 $111,624
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09031685

Midwest Real Estate Data (MRED)

APN: 05-21-408-004-0000

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