NOT LISTED FOR SALE

491 Elder Ln Winnetka, IL 60093

Estimated Value: $1,755,000 - $1,987,000

5 Beds
4 Baths
2,984 Sq Ft
$612/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $1,450,000 $486 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $11,890/month

77 Days on Market

Highlights

  • Second Kitchen
  • Home Theater
  • Deck
  • Greeley Elementary School Rated A
  • Colonial Architecture
  • Wood Flooring

About This Home

As of April 2021

Exceptional renovation from top to bottom in a prime east Winnetka neighborhood with no detail spared! Fabulous open flow on the first floor combines gorgeous kitchen with custom center island with imported Zinc counter, custom cabinetry, marble counters and high-end appliances - all open to spacious casual dining area. The kitchen flows seamlessly to the family room and private yard. Also on first floor is an elegant living room with fireplace and dining room (or sunroom/office) with gorgeous views year-round. Second floor features an incredible master suite with elegant bath, three additional bedrooms, renovated bath and cheery bonus room/office. The completely renovated and 'dug out' lower level offers a bright, large rec room, exercise room (or additional playroom), learn-from-home study space, private office, 5th bedroom and full bath. Also on the lower level is a well-designed mudroom (which is also accessed from the yard via a new staircase from the yard to the lower level) and a custom dog wash. A separate entrance to the exercise room /playroom is a well-designed feature for those who need a private entrance to this area of the lower level. A large laundry room with clothes chute completes the lower level. The fully fenced private yard offers an idyllic yard, patio and deck. Full irrigation system is an added bonus. The two car garage with storage loft adds fabulous extra storage and easy access to the house. Picture perfect setting in prime east Winnetka - nothing to do but move in!

Last Agent to Sell the Property

Joanne Hudson

Compass License #475096932 Listed on: 11/05/2020

Compass

Last Buyer's Agent

Colleen Archer Daugherty

@properties Christie's International Real Estate License #475118062

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1923 | 2014

Lot Details

  • 8,233

Parking

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

Home Design

  • Colonial Architecture
  • Wood Shingle Roof
  • Shake Siding

Interior Spaces

  • Wood Burning Fireplace
  • Mud Room
  • Entrance Foyer
  • Home Theater
  • Home Office
  • Bonus Room
  • Home Gym
  • Wood Flooring

Kitchen

  • Second Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built | Renovated

1923 | 2014

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Rehab Year: 2014
  • Total Full or Half Bathrooms: 3.1
  • Style Of House: Colonial
  • Type Detached: 2 Stories
  • Estimated Year Built: 1923
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1923
  • Year Renovated: 2014

Interior Features

  • Interior Property Features: Hardwood Floors
  • Number Of Rooms: 14
  • Living Room: Dimensions: 23X13, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Equipment: Sump Pump, Sprinkler-Lawn
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Below Grade Bedrooms: 1
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 10X7, On Level: Basement, Flooring: Other
  • Dining Room: Dimensions: 20X14, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 20X10, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Island
  • Additional Rooms: 5th Bedroom, Office, Bonus, Exercise Room, Media Room, 2nd Kitchen, Foyer, Mud Room, Deck
  • Master Bedroom: Dimensions: 20X16, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 13X11, On Level: Basement, Flooring: Carpet
  • Additional Room 2 Name: Office, Dimensions: 13X7, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 17X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 3 Name: Bonus, Dimensions: 19X13, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 13X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 4 Name: Exercise Rm, Dimensions: 18X10, On Level: Basement, Flooring: Carpet
  • Bedroom 4: Dimensions: 10X10, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 5 Name: Media Rm, Dimensions: 18X14, On Level: Basement, Flooring: Carpet
  • Additional Room 6 Name: 2nd Kitchen, Dimensions: 29X17, On Level: Basement, Flooring: Other
  • Additional Room 7 Name: Foyer, Dimensions: 13X6, On Level: Main Level, Flooring: Hardwood
  • Additional Room 8 Name: Mud, Dimensions: 14X7, On Level: Basement, Flooring: Carpet
  • Additional Room 9 Name: Deck, Dimensions: 24X5, On Level: Main Level
  • Dining Room Type: A,KITD
  • Family Room: Dimensions: 24X13, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Shakes
  • Roof Type: Wood Shakes/Shingles
  • Exterior Property Features: Deck

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
  • Driveway: Concrete
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Hot Water/Steam

Schools

  • Junior High Dist: 36

Lot Info

  • Lot Dimensions: 50X165
  • Parcel Identification Number: 05213150050000

Tax Info

  • Taxes: 23123.73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Mar 16, 2021
Sold by
Daniels Amy L and Daniels Robert E
Bought by
Greavu Christopher and Greavu Leah
Seller's Agent
Joanne Hudson
Compass
Buyer's Agent
Colleen Archer Daugherty
@properties Christie's International Real Estate
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%
Current Estimated Value
$1,890,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$440,976
Avg. Annual Appreciation
4.98%
Original Mortgage
$1,000,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2015
Sold by
Daniels Amy L and Daniels Robert E
Bought by
Daniels Robert E

Purchase Details

Closed on
Mar 14, 2006
Sold by
Shepherd Stewart R and Shepherd Margaret
Bought by
Daniels Robert E and Daniels Amy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2004
Sold by
Katz Marcus and Katz Andrea P
Bought by
Shepherd Stewart R and Sheperd Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,800
Interest Rate
5.48%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 16, 1996
Sold by
Rice Susan L
Bought by
Katz Marcus and Katz Andrea P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
7.16%
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
Greavu Christopher $1,450,000 First American Title
Daniels Robert E -- Attorney
Daniels Robert E $1,275,000 Ctic
Shepherd Stewart R $1,062,500 Ticor Title Insurance
Katz Marcus $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Greavu Christopher $1,000,000
Previous Owner Daniels Robert E $1,000,000
Previous Owner Shepherd Stewart R $796,800
Previous Owner Katz Marcus $337,500
Closed Shepherd Stewart R $53,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $1,450,000 -3.0% $486 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
11/05/2020 11/05/20 For Sale $1,495,000 -- $501 / 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 $24,138 $172,000 $22,275 $149,725
2024 $24,138 $99,433 $27,225 $72,208
2023 $22,725 $104,121 $27,225 $76,896
2022 $22,725 $104,121 $27,225 $76,896
2021 $23,630 $94,383 $18,562 $75,821
2020 $23,312 $94,383 $18,562 $75,821
2019 $23,124 $102,591 $18,562 $84,029
2018 $24,865 $107,099 $16,087 $91,012
2017 $24,111 $107,099 $16,087 $91,012
2016 $24,363 $112,538 $16,087 $96,451
2015 $21,788 $91,180 $13,406 $77,774
2014 $21,333 $91,180 $13,406 $77,774
2013 $20,334 $91,180 $13,406 $77,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10924417

Midwest Real Estate Data (MRED)

APN: 05-21-315-005-0000