NOT LISTED FOR SALE

40 Oak Terrace Lake Bluff, IL 60044

Estimated Value: $1,673,000 - $1,922,000

4 Beds
3.5 Baths
4,146 Sq Ft
$437/Sq Ft Est. Value

Last Sold July 02, 2024

Last sale price $1,900,000 $458 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $11,652/month

14 Days on Market

Highlights

  • Heated Floors
  • Landscaped Professionally
  • Community Lake
  • Lake Bluff Elementary School Rated A
  • Mature Trees
  • Property is near a park

About This Home

As of July 2024

This stunning renovation and reimagined in-town East Lake Bluff home is straight from the pages of a design magazine! With a white farmhouse exterior, the inside is totally unexpected and such a surprise. Meticulously renovated from top to bottom by Landmark Luxury Group and designed by Soledad Zitzewitz Interiors, with the utmost attention to detail, this exquisite home boasts a perfect balance between style and functionality. Delivering an unparalleled living experience, the home features lacquer finishes, designer window treatments, a three-story rotunda, custom cabinetry and so much more. Walk through the front door to the living room where you will find a brick fireplace, rustic mantle, and lacquered ceiling. Adjacent to the living room sits a stunning powder room complete with a floor-to-ceiling wall of flowered marble tile. Enjoy a meal in the dining room with its vaulted ceiling and designer wallpaper. A breathtaking, one-of-a-kind lacquer rotunda serves as the heart of the home, enclosing a curved staircase which showcases a beautiful art gallery. The chef's kitchen contains every detail imaginable including high end appliances such as a 60" Wolf range, Sub-Zero refrigerator in addition to a large, double-sided island topped with custom quartzite countertops. There is also a large walk-in pantry. Entertain in the family room, featuring a vaulted ceiling, brick fireplace, custom bar with a beverage refrigerator, and two-toned wood built-ins. There is ample room for seating in this picturesque area, surrounded by windows and sliding glass doors offering incredible views of the lush backyard. At days' end, retreat to the first floor Primary Suite with its heated floors, dressing room and spa-like bath. The second floor meanwhile features a loft, three bedrooms and a full bath with double sinks. Head up to the third floor and relax in the bonus room, complete with a wet bar area, full bath and storage room. The fully fenced grounds are beautifully manicured and the west-facing backyard features a gorgeous brick patio, built-in fire pit and professional landscaping. Multiple flower beds encircle the home for year round floral color and greenery. This one-of-a-kind backyard experience is a true retreat only blocks from Lake Michigan and downtown Lake Bluff. Virtually everything in this home is new including the roof, windows, siding, two HVAC systems, cabinetry, appliances, trim, hardware and more. This labor of love is truly a masterpiece that is not to be missed!

Last Agent to Sell the Property

Andra O'Neill

@properties Christie's International Real Estate License #475136496 Listed on: 05/06/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Jean Anderson

Jameson Sotheby's International Realty License #475124065

Jameson Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,147

Year Built

  • Built in 1955 | Remodeled in 2019

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 49.7 x 50.6 x 199.4 x 194.1 x 100.8
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Mature Trees
  • Wooded Lot

Parking

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

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,146 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Bonus Room
  • Storage Room

Kitchen

  • Double Oven
  • Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks

Laundry

  • Laundry in unit
  • Dryer
  • Washer
  • Sink Near Laundry

Outdoor Features

  • Tideland Water Rights
  • Patio
  • Fire Pit
  • Shed

Location

  • Property is near a park

Schools

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

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Community Details

  • Community Lake

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,147

Year Built

Built in 1955 | Remodeled in 2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2019

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Wine Refrigerator, Range Hood
  • Basement: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, Heated Floors, First Floor Bedroom, First Floor Full Bath, Built-in Features, Walk-In Closet(s)
  • LivingArea: 4146
  • Other Equipment: Sprinkler-Lawn
  • Room Type: Foyer, Breakfast Room, Pantry, Storage, Bonus Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Double Sink
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Basement Sq Ft: 0
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Patio, Fire Pit
  • Foundation Details: Concrete Perimeter
  • List Price: 1950000
  • Lot Features: Landscaped, Wooded, Rear of Lot, Mature Trees
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Other,Fiber Cement,Combination

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Asphalt,Circular
  • 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, Zoned
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Lake, Water Rights, Curbs, Sidewalks, 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

  • Lot Size Acres: 0.45
  • Lot Dimensions: 49.7 X 50.6 X 199.4 X 194.1 X 100.8
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 20146.72
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Jul 2, 2024
Sold by
Grube Living Trust and Grube Lisa
Bought by
Melville Paul and Clarkson Catherine
Seller's Agent
Andra O'Neill
@properties Christie's International Real Estate
Buyer's Agent
Jean Anderson
Jameson Sotheby's International Realty
List Price
$1,950,000
Sold Price
$1,900,000
Premium/Discount to List
-$50,000
-2.56%
Views
34
Current Estimated Value
$1,813,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,503
Avg. Annual Appreciation
-3.90%

Purchase Details

Closed on
Jan 6, 2023
Sold by
Grube Lisa
Bought by
Grube Living Trust

Purchase Details

Closed on
Jun 21, 2017
Sold by
Schuetz Douglas C and Schuetz Lizabeth R
Bought by
Grube Lisa

Purchase Details

Closed on
Aug 5, 1994
Sold by
Comerford William T and Comerford Patricia B
Bought by
Schuetz Douglas C and Schuetz Lizabeth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.5%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Melville Paul $1,900,000 Proper Title
Grube Living Trust -- --
Grube Lisa $770,000 Attorney
Schuetz Douglas C $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schuetz Douglas C $173,250
Previous Owner Schuetz Douglas C $191,643
Previous Owner Schuetz Douglas C $250,000
Previous Owner Schuetz Douglas C $210,000
Previous Owner Schuetz Douglas C $100,000
Previous Owner Schuetz Douglas $210,000
Previous Owner Schuetz Douglas C $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $1,900,000 -2.6% $458 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $1,950,000 -- $470 / 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 $21,485 $360,158 $163,192 $196,966
2023 $21,485 $322,334 $146,053 $176,281
2022 $20,147 $310,093 $140,507 $169,586
2021 $19,443 $307,418 $139,295 $168,123
2020 $19,021 $309,118 $140,065 $169,053
2019 $18,339 $284,559 $137,494 $147,065
2018 $16,354 $261,004 $154,272 $106,732
2017 $16,216 $256,641 $151,693 $104,948
2016 $20,211 $314,143 $144,387 $169,756
2015 $20,048 $295,804 $135,958 $159,846
2014 $18,164 $268,226 $122,063 $146,163
2012 $16,942 $270,553 $123,122 $147,431
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12048796

Midwest Real Estate Data (MRED)

APN: 12-21-304-068