NOT LISTED FOR SALE

348 W Prospect Ave Lake Bluff, IL 60044

Estimated Value: $723,000 - $807,000

4 Beds
2.5 Baths
2,092 Sq Ft
$365/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $635,000 $304 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,038/month

16 Days on Market

Highlights

  • Landscaped Professionally
  • Vaulted Ceiling
  • Wood Flooring
  • Lake Bluff Elementary School Rated A
  • Ranch Style House
  • Formal Dining Room

About This Home

As of October 2022

Fantastic Lake Bluff brick ranch in desirable West Terrace neighborhood! Spacious and bright with fresh updates you will enjoy true single floor living in this four bedroom/2.5 bathroom home. Hardwood floors throughout the entire house (no carpet here), crown molding, vaulted family room with floor to ceilings windows and a gas fireplace. Stunning kitchen with maple cabinets, quartz countertops, stone backsplash, SS appliances and second family room/eat in kitchen area. Separate dining room opens to the patio and lush, private backyard. Updated bathrooms, light fixtures, blinds, hardware, solid wood 6 panel doors, laundry room is on the main floor, not the basement! Paver driveway, fully fenced yard, newer windows & Pella glass sliding door, gas powered back up generator. Bring your vision and finishing touches to the unfinished basement. Walking/biking distance to schools, rec center (pool/golf/fitness center), charming downtown LB, Metra commuter train, beach and bike path. The Lake Bluff Open Lands with hiking/running trails are right out your back door! Wonderful neighborhood with sidewalks located within minutes to Target, shopping and restaurants.

Last Agent to Sell the Property

Anne Hardy

Berkshire Hathaway-Chicago License #471021145 Listed on: 08/12/2022

Berkshire Hathaway-Chicago

Co-Listed By

Juliet Towne

Coldwell Banker Realty License #475182983

Coldwell Banker Realty

Last Buyer's Agent

Juliet Towne

Coldwell Banker Realty License #475182983

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,409

Year Built

  • Built in 1962

Lot Details

  • 10,498 Sq Ft Lot
  • Lot Dimensions are 150 x 70
  • Fenced Yard
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Brick Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,092 Sq Ft Home
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Storm Screens

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Bathroom on Main Level

Laundry

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

Unfinished Basement

  • Partial Basement
  • Sump Pump
  • Crawl Space

Outdoor Features

  • Patio
  • Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Power Generator

Community Details

  • West Terrace Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,409

Year Built

Built in 1962

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
  • Subdivision Name: West Terrace
  • Year Built: 1962
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • 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: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Built-in Features, Some Window Treatmnt, Separate Dining Room
  • LivingArea: 2092
  • Other Equipment: Humidifier, Ceiling Fan(s), Sump Pump, Generator
  • Room Type: Foyer
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished,Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Full,Unfinished
  • Door Features: Sliding Glass Door(s)
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Porch, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 635000
  • Lot Features: Fenced Yard, Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Brick
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Laundry Closet
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • 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

  • Additional Parcels: No
  • Lot Size Acres: 0.241
  • Lot Dimensions: 150 X 70
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 9408.6
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Sep 23, 2022
Sold by
Cartus Financial Corporation
Bought by
Lafont Charles A and Lafont Claire M
Seller's Agent
Anne Hardy
Berkshire Hathaway-Chicago
Buyer's Agent
Juliet Towne
Coldwell Banker Realty
List Price
$635,000
Sold Price
$635,000
Views
36
Current Estimated Value
$763,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,230
Avg. Annual Appreciation
6.50%
Original Mortgage
$508,000
Outstanding Balance
$488,908
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$274,322

Purchase Details

Listed on
Aug 12, 2022
Closed on
Aug 12, 2022
Sold by
Marek Filip
Bought by
Cartus Financial Corporation
Seller's Agent
Anne Hardy
Berkshire Hathaway-Chicago
Buyer's Agent
Juliet Towne
Coldwell Banker Realty
List Price
$635,000
Sold Price
$635,000
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Outstanding Balance
$488,908
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$274,322

Purchase Details

Closed on
Jul 20, 2017
Sold by
Connell Michael D O and The Michael J O Connell Trust
Bought by
Marek Filip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,750
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 8, 2013
Sold by
Connell Jr Michael J O
Bought by
Michael O Connell Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 15, 2000
Sold by
Staible Emilie Ailts and Estate Of Irmgard M Ailts
Bought by
Oconnell Michael J and Oconnell Elizabeth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
7.5%
Source: Public Records

Range of Values:

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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
Lafont Charles A $635,000 --
Cartus Financial Corporation $635,000 --
Marek Filip $173,333 Proper Title Llc
Michael O Connell Trust -- Chicago Title Insurance Comp
Oconnell Michael J $392,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lafont Charles A $508,000
Previous Owner Marek Filip $378,750
Previous Owner Oconnell Michael J $79,000
Previous Owner Connell Jr Michael J O $247,000
Previous Owner Oconnell Michael J $258,000
Previous Owner Oconnell Michael J $270,000
Previous Owner Oconnell Michael J $100,000
Previous Owner Oconnell Michael J $287,000
Previous Owner Oconnell Michael J $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Sold $635,000 0.0% $304 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $635,000 0.0% $304 / Sq Ft
07/15/2021 07/15/21 Rented -- -- --
07/02/2021 07/02/21 For Rent $3,900 +13.0% --
02/06/2019 02/06/19 Rented $3,450 -6.8% --
02/04/2019 02/04/19 Under Contract -- -- --
11/24/2018 11/24/18 For Rent $3,700 -- --
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 $10,944 $178,305 $96,528 $81,777
2023 $9,750 $158,045 $85,560 $72,485
2022 $9,750 $143,674 $77,780 $65,894
2021 $9,409 $142,435 $77,109 $65,326
2020 $9,526 $148,004 $77,548 $70,456
2019 $9,184 $145,287 $76,124 $69,163
2018 $9,168 $151,323 $74,457 $76,866
2017 $8,926 $148,793 $73,212 $75,581
2016 $8,579 $141,627 $69,686 $71,941
2015 $8,464 $133,359 $65,618 $67,741
2014 $7,393 $117,653 $58,912 $58,741
2012 $7,023 $118,674 $59,423 $59,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11490248

Midwest Real Estate Data (MRED)

APN: 12-20-221-008