NOT LISTED FOR SALE

508 E Center Ave Lake Bluff, IL 60044

Estimated Value: $2,075,000 - $2,500,000

5 Beds
5.5 Baths
4,365 Sq Ft
$525/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $2,000,000 $458 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $15,223/month

30 Days on Market

Highlights

  • Open Floorplan
  • Community Lake
  • Family Room with Fireplace
  • Lake Bluff Elementary School Rated A
  • Property is near park
  • 3-minute walk to Ravine Park

About This Home

As of June 2024

Discover elegance and sophistication in this stunning East Lake Bluff home, nestled on the picturesque Center Avenue just moments away from the serene shores of Lake Michigan. With its timeless design and impeccable curb appeal, this residence epitomizes modern luxury living. Boasting 5 bedrooms and 5.5 bathrooms over 4 levels, including a luxurious master suite, the home features arched doorways, 9' ceilings, and designer finishes throughout. The main floor offers an open layout with a large office, formal dining room, butler's pantry, and gourmet kitchen. The newly redesigned master suite beckons with a spa-like bathroom and custom walk-in closet. Additional highlights include a versatile third floor with a bonus room, an expansive lower level with a media room and guest suite, and a serene outdoor oasis with a patio. Convenient amenities include a 2.5-car heated garage, EV charger, workout room, security system, and sprinkler system. Experience luxury living at its finest in this exceptional East Lake Bluff residence, meticulously crafted for the discerning homeowner.

Last Agent to Sell the Property

France Pitera

@properties Christie's International Real Estate License #475199477 Listed on: 04/12/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Alissa McNicholas

Compass License #475134192

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,926

Year Built

  • Built in 2001

Lot Details

  • 9,074 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Sprinkler System

Parking

  • 2.5 Car Detached Garage
  • Heated Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 4,365 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Mud Room
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Bonus Room
  • Game Room
  • Storage Room
  • Home Gym
  • Wood Flooring
  • Home Security System

Kitchen

  • Breakfast Bar
  • Double Oven
  • Range
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Potential Bedrooms
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Chute

Finished Basement

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

Outdoor Features

  • Patio
  • Porch

Schools

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

Utilities

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

Additional Features

  • Solar Heating System
  • Property is near park

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • East Lake Bluff Subdivision
  • Community Lake

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,926

Year Built

Built in 2001

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
  • Subdivision Name: East Lake Bluff
  • Year Built: 2001
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal
  • Basement: Full
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Interior Amenities: Hardwood Floors, First Floor Laundry, Walk-In Closet(s), Ceiling - 9 Foot, Open Floorplan, Separate Dining Room, Pantry
  • LivingArea: 4365
  • Other Equipment: Humidifier, Security System, Sump Pump, Sprinkler-Lawn
  • Room Type: Bedroom 5, Eating Area, Bedroom 6, Bonus Room, Recreation Room, Storage, Walk In Closet, Exercise Room, Game Room, Mud Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Double Sink,Bidet,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 0
  • Attic: Finished,Interior Stair
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Patio, Porch, Other
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2.5
  • ParkingTotal: 2.5
  • Driveway: Asphalt
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Solar, Sep Heating Systems - 2+, Zoned
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, In Unit, Laundry Chute, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s), Lake, 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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2083
  • Lot Dimensions: 9074
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 31926
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jun 17, 2024
Sold by
Pitera Brian D and Pitera France L
Bought by
Hegenberger Emily H and Hegenberger Ryan A
Seller's Agent
France Pitera
@properties Christie's International Real Estate
Buyer's Agent
Alissa McNicholas
Compass
List Price
$2,349,000
Sold Price
$2,000,000
Premium/Discount to List
-$349,000
-14.86%
Views
35
Current Estimated Value
$2,290,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,423
Avg. Annual Appreciation
9.33%
Original Mortgage
$1,600,000
Outstanding Balance
$1,585,110
Interest Rate
8.63%
Mortgage Type
New Conventional
Estimated Equity
$705,313

Purchase Details

Closed on
Jul 21, 2011
Sold by
Renwick Scott and Renwick Jacquelyn
Bought by
Pitera Brian D and Pitera France 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
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2004
Sold by
Lane Bradley A and Lane Nicole Y
Bought by
Renwick Scott and Renwick Jacquelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1998
Sold by
Snedden Diane and Diane Snedden Declaration Of T
Bought by
Lane Bradley A and Lane Nicole Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.2%

Purchase Details

Closed on
Mar 3, 1998
Sold by
Snedden Diane L
Bought by
Diane Snedden Declaration Of Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.2%

Purchase Details

Closed on
Jan 30, 1997
Sold by
The Asher Family Trust
Bought by
Snedden Diane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.95%

Purchase Details

Closed on
Jul 15, 1994
Sold by
Mcgarrigle Patrick
Bought by
The Asher Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Hegenberger Emily H $2,000,000 Proper Title
Pitera Brian D $1,334,000 None Available
Renwick Scott $1,515,000 Chicago Title Insurance Comp
Lane Bradley A $375,000 --
Diane Snedden Declaration Of Trust -- --
Snedden Diane L -- Ticor Title Insurance Compan
The Asher Family Trust $302,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hegenberger Emily H $1,600,000
Previous Owner Pitera Brian D $1,000,000
Previous Owner Renwick Scott $950,000
Previous Owner Lane Bradley A $300,000
Previous Owner Snedden Diane L $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2024 06/26/24 Sold $2,000,000 -14.9% $458 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
04/13/2024 04/13/24 For Sale $2,349,000 -- $538 / 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 $39,098 $590,771 $149,810 $440,961
2023 $39,098 $544,590 $138,099 $406,491
2022 $31,926 $457,309 $115,966 $341,343
2021 $30,814 $453,365 $114,966 $338,399
2020 $30,143 $455,872 $115,602 $340,270
2019 $29,064 $447,504 $113,480 $334,024
2018 $31,023 $489,688 $126,149 $363,539
2017 $30,763 $481,502 $124,040 $357,462
2016 $29,668 $458,312 $118,066 $340,246
2015 $29,439 $431,555 $111,173 $320,382
2014 $27,069 $396,800 $99,811 $296,989
2012 $25,374 $400,242 $100,677 $299,565
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12027765

Midwest Real Estate Data (MRED)

APN: 12-21-214-012