NOT LISTED FOR SALE

475 Elder Ln Winnetka, IL 60093

Estimated Value: $1,871,497 - $2,408,000

5 Beds
5 Baths
2,976 Sq Ft
$716/Sq Ft Est. Value

Last Sold July 14, 2016

Last sale price $1,564,000 $526 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $13,917/month

85 Days on Market

Highlights

  • Second Kitchen
  • Spa
  • Vaulted Ceiling
  • Greeley Elementary School Rated A
  • Recreation Room
  • Wood Flooring

About This Home

As of July 2016

THIS "BETTER THAN NEW CONSTRUCTION" PRISTINE HOME IS LIFTED TO A WHOLE NEW LEVEL OF SOPHISTICATION & ELEGANCE WITH INCREDIBLE USE OF A SOFT & NATURAL COLOR PALETTE THREADED THROUGHOUT HOME. PREMIER EAST WINNETKA LIGHT FILLED HOME FEELS LIKE NEW!! GREAT NATURAL LIGHT FROM OVERSIZED WINDOWS AND LOFTY CEILING HEIGHTS COMBINED WITH IDEAL FLOOR PLAN CREATE OPEN AND AIRY ROOMS, DESIGNED WITH TODAY'S LIFESTYLE IN MIND. PERFECTLY MANICURED & PROFESSIONALLY LANDSCAPED YARD WITH LOVELY PATIO AND GAZEBO. STEPS TO SCHOOLS, PARKS, TRAIN, TOWN AND LAKE MICHIGAN! THIS LOCATION DEFINES A LIFESTYLE CREATED AROUND ENTERTAINING & PURE ENJOYMENT, THE HOME YOU WANT TO COME HOME TO!

Last Agent to Sell the Property

Annie flanagan

@properties Christie's International Real Estate License #475148848 Listed on: 03/11/2016

@properties Christie's International Real Estate

Last Buyer's Agent

Peter Martay

Grant Park Realty LLC License #475165000

Home Details

Home Type

  • Single Family

Year Built

  • 2005

Lot Details

  • Dog Run

Parking

  • Detached Garage
  • Heated Garage
  • Garage Door Opener
  • Garage Is Owned

Home Design

  • Wood Shingle Roof
  • Shake Siding
  • Cedar

Interior Spaces

  • Wet Bar
  • Bar Fridge
  • Vaulted Ceiling
  • Mud Room
  • Entrance Foyer
  • Dining Area
  • Recreation Room
  • Storage Room
  • Utility Room with Study Area
  • Home Gym
  • Wood Flooring
  • Storm Screens

Kitchen

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

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Spa
  • Patio
  • Fire Pit

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Age: 11-15 Years
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 4
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 4.1
  • Type Detached: 2 Stories
  • Estimated Year Built: 2005
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, 1st Floor Laundry
  • Number Of Rooms: 14
  • Living Room: Dimensions: 15X14, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Oven/Range, Microwave, Dishwasher, High End Refrigerator, Refrigerator-Bar, Washer, Dryer, Disposal
  • Equipment: Security System, Intercom, Ceiling Fan, Sump Pump, Sprinkler-Lawn
  • Attic: Full, Pull Down Stair
  • Fireplace Location: Family Room, Living Room, Master Bedroom, Basement
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Below Grade Bedrooms: 1
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Steam Shower, Double Sink
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 14X07, On Level: Main Level
  • Dining Room: Dimensions: 16X14, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 17X11, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space, Island, Pantry-Butler, Pantry-Walk-in
  • Additional Rooms: 2nd Kitchen, 5th Bedroom, Eating Area, Exercise Room, Foyer, Mud Room, Pantry, Recreation Room, Study, Storage
  • Master Bedroom: Dimensions: 18X17, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Study, Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Eating Area, Dimensions: 14X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 14X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 3 Name: Mud, Dimensions: 13X07, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 3: Dimensions: 13X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 4 Name: 5th Bdrm, Dimensions: 15X13, On Level: Basement, Flooring: Carpet
  • Bedroom 4: Dimensions: 14X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 5 Name: Recreation Rm, Dimensions: 36X34, On Level: Basement, Flooring: Porcelain Tile
  • Additional Room 6 Name: Exercise Rm, Dimensions: 12X12, On Level: Basement, Flooring: Other
  • Additional Room 7 Name: Storage, Dimensions: 12X11, On Level: Attic, Flooring: Other
  • Additional Room 8 Name: Foyer, Dimensions: 09X06, On Level: Main Level, Flooring: Hardwood
  • Additional Room 9 Name: 2nd Kitchen, Dimensions: 7X6, On Level: Basement
  • Additional Room 10 Name: Pantry, Dimensions: 11X5, On Level: Main Level, Flooring: Hardwood
  • Dining Room Type: Separate
  • Family Room: Dimensions: 17X14, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Cedar, Shakes
  • Roof Type: Wood Shakes/Shingles
  • Exterior Property Features: Patio, Hot Tub, Dog Run, Storms/Screens, Fire Pit
  • Acreage: 0.2164

Garage/Parking

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

Utilities

  • Air Conditioner: Central Air, Zoned
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air, Zoned

Schools

  • Junior High Dist: 36

Lot Info

  • Lot Dimensions: 57 X 165
  • Parcel Identification Number: 05213150090000

Tax Info

  • Taxes: 24706.93

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2025
Sold by
Martay Peter and Martay Sarah
Bought by
Martay Family Trust and Martay
Current Estimated Value
$2,180,079

Purchase Details

Listed on
Mar 11, 2016
Closed on
Jun 23, 2016
Sold by
Cartus Financial Corp
Bought by
Martay Peter and Martay Sarah
Seller's Agent
Annie flanagan
@properties Christie's International Real Estate
Buyer's Agent
Peter Martay
Grant Park Realty LLC
List Price
$1,940,000
Sold Price
$1,564,000
Premium/Discount to List
-$376,000
-19.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.32%
Original Mortgage
$1,094,800
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 11, 2016
Closed on
Jun 9, 2016
Sold by
Messerlian Sarkis and Caruana Tina
Bought by
Cartus Financial Corp
Seller's Agent
Annie flanagan
@properties Christie's International Real Estate
Buyer's Agent
Peter Martay
Grant Park Realty LLC
List Price
$1,940,000
Sold Price
$1,564,000
Premium/Discount to List
-$376,000
-19.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,094,800
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 6, 2014
Closed on
Mar 10, 2014
Sold by
Kiersey Douglas A and Kiersey Karen S
Bought by
Messerlian Sarkis and Caruana Tina
Seller's Agent
Patricia Skirving
Compass
Buyer's Agent
Martha May
Berkshire Hathaway HomeServices Chicago
List Price
$1,800,000
Sold Price
$1,790,000
Premium/Discount to List
-$10,000
-0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.58%
Original Mortgage
$1,290,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 22, 2005
Sold by
Elder Development Llc
Bought by
Kiersey Douglas A and Kiersey Karen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 25, 2003
Sold by
Beebe Jean A
Bought by
Elder Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
4.5%
Mortgage Type
Unknown
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
Martay Family Trust -- None Listed On Document
Martay Peter $1,564,000 Burnet Title
Cartus Financial Corp $1,564,000 Barrister Title
Messerlian Sarkis $1,790,000 Fidelity National Title
Kiersey Douglas A $1,900,000 Chicago Title Insurance Comp
Elder Development Llc $735,000 Centenial Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martay Peter $1,094,800
Previous Owner Messerlian Sarkis $1,290,000
Previous Owner Kiersey Douglas A $1,250,000
Previous Owner Elder Development Llc $1,275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2016 07/14/16 Sold $1,564,000 -10.1% $526 / Sq Ft
06/04/2016 06/04/16 Pending -- -- --
05/14/2016 05/14/16 Price Changed $1,740,000 -5.9% $585 / Sq Ft
04/16/2016 04/16/16 Price Changed $1,850,000 -4.6% $622 / Sq Ft
03/11/2016 03/11/16 For Sale $1,940,000 +8.4% $652 / Sq Ft
03/10/2014 03/10/14 Sold $1,790,000 -0.6% $523 / Sq Ft View Prior Sale
01/21/2014 01/21/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $1,800,000 -- $526 / 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
2025 $30,349 $187,181 $25,450 $161,731
2024 $30,349 $126,964 $31,106 $95,858
2023 $30,501 $143,170 $31,106 $112,064
2022 $30,501 $143,170 $31,106 $112,064
2021 $22,620 $90,489 $21,208 $69,281
2020 $26,627 $107,363 $21,208 $86,155
2019 $28,340 $121,529 $21,208 $100,321
2018 $29,311 $122,200 $18,380 $103,820
2017 $30,108 $129,522 $18,380 $111,142
2016 $28,123 $129,522 $18,380 $111,142
2015 $25,236 $105,192 $15,317 $89,875
2014 $24,707 $105,192 $15,317 $89,875
2013 $23,552 $105,192 $15,317 $89,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09163291

Midwest Real Estate Data (MRED)

APN: 05-21-315-009-0000