NOT LISTED FOR SALE

506 Lake Ave Wilmette, IL 60091

Estimated Value: $1,964,000 - $2,080,000

5 Beds
3.5 Baths
5,470 Sq Ft
$370/Sq Ft Est. Value

Sale Details

Date Sold: June 15, 2022

Last sale price $1,660,000 $303 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $13,133 / mo

3 Days on Market

Highlights

  • Mature Trees
  • Community Lake
  • Family Room with Fireplace
  • Central Elementary School Rated A
  • Property is near park
  • Recreation Room

About This Home

As of June 2022

Fabulous home, location and property! Hear the waves of Lake Michigan and find yourself only 5 minutes on foot to the sands of Gillson Beach/Park. This house feels like home the minute you walk onto the lovely front porch. Welcoming foyer and entryway open to beautiful expansive living room with huge windows, wood burning fireplace and architecturally interesting coved ceiling. Living room flows to stately dining room with original built-in cabinetry. Kitchen expansion and family room addition are wonderful! This great room space was added about 15 years ago and is where you will hang out! Eat-in kitchen with custom cabinetry, island with seating and granite counter tops/stainless appliances opens to a large family room with gas fireplace and built-in bookshelves. Both open to a fantastic oversized (60x195) professional landscaped/hardscaped back yard. First floor has a great mudroom as well and a full bath. Primary suite on the second floor has a brand new bathroom (so new we are still waiting on the vanity to arrive and be installed (mid-May)). Second floor has 3 additional bedrooms and a second full bath that also is brand new this year. 3rd floor offers another bedroom, 1/2 bath and a wonderful unfinished storage area that is too wonderful to leave unfinished! Could easily be a 6th bedroom with a full bath or the 3rd floor could be renovated to make an amazing secondary primary suite - or just leave it as it is! Basement was dug out under the kitchen/family room expansion and as a result has a great rec room in addition to finished space under the original house which offers a game room and storage. This is a great one! Don't miss out!

Last Agent to Sell the Property

Lori Neuschel

@properties Christie's International Real Estate License #475131823 Listed on: 04/02/2022

@properties Christie's International Real Estate

Last Buyer's Agent

John Mawicke

@properties Christie's International Real Estate License #475163295

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,278

Lot Details

  • Lot Dimensions are 60x195
  • Fenced Yard
  • Mature Trees

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener
  • Off Alley Driveway
  • Parking Included in Price

Home Design

  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 5,470 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 10 feet or more
  • Skylights
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Mud Room
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Game Room
  • Storage Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Basement Storage

Schools

  • Central Elementary School
  • Wilmette Junior High School
  • New Trier Twp High School Northfield/Wi

Utilities

  • SpacePak Central Air
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Additional Features

  • Brick Porch or Patio
  • Property is near park

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Community Lake

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,278

Lot Details

0.27 Acres

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
  • Age: 100+ 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
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Gas Cooktop, Range Hood, Wall Oven
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning, Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Skylight(s), Hardwood Floors, First Floor Full Bath, Walk-In Closet(s), Ceiling - 10 Foot
  • LivingArea: 5470
  • Room Type: Bedroom 5, Recreation Room, Game Room, Storage, Eating Area, Mud Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished,Rec/Family Area,Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Living Room
  • Square Footage Comments: square footage is per floor plan designer
  • Total Sq Ft: 0
  • Attic: Finished,Interior Stair,Unfinished

Exterior Features

  • ExteriorFeatures: Porch, Brick Paver Patio
  • Lot Features: Fenced Yard, Mature Trees
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Driveway: Off Alley
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Space Pac
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s), Lake, Curbs, Sidewalks, Street Lights
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Central Elementary School
  • High School: New Trier Twp H.S. Northfield/Wi
  • Middle/Junior School: Wilmette Junior High School
  • Junior High/Middle School #2: Highcrest Middle School

Lot Info

  • Lot Dimensions: 60X195
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 25278
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2022
Closed on
Jun 15, 2022
Sold by
Wittenberg Kurt and Wittenberg Anne C
Bought by
Fritz Jack and Fritz Josil
Seller's Agent
Lori Neuschel
@properties Christie's International Real Estate
Buyer's Agent
John Mawicke
@properties Christie's International Real Estate
List Price
$1,549,000
Sold Price
$1,660,000
Premium/Discount to List
$111,000
7.17%
Current Estimated Value
$2,024,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,706
Avg. Annual Appreciation
5.31%
Original Mortgage
$1,320,000
Outstanding Balance
$1,234,041
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$790,665
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
Fritz Jack $1,660,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fritz Jack $1,320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $1,660,000 +7.2% $303 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
04/02/2022 04/02/22 For Sale $1,549,000 -- $283 / 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 $28,777 $169,000 $38,025 $130,975
2024 $28,777 $126,816 $32,175 $94,641
2023 $29,763 $142,000 $32,175 $109,825
2022 $29,763 $142,000 $32,175 $109,825
2021 $25,639 $102,019 $28,080 $73,939
2020 $25,278 $102,019 $28,080 $73,939
2019 $26,742 $120,658 $28,080 $92,578
2018 $26,063 $112,986 $23,400 $89,586
2017 $25,356 $112,986 $23,400 $89,586
2016 $24,016 $112,986 $23,400 $89,586
2015 $21,994 $91,217 $19,305 $71,912
2014 $22,891 $96,270 $19,305 $76,965
2013 $24,776 $108,824 $19,305 $89,519
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11318112

Midwest Real Estate Data (MRED)

APN: 05-27-424-011-0000

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