NOT LISTED FOR SALE

541 E Prospect Ave Lake Bluff, IL 60044

Estimated Value: $1,361,663 - $1,668,000

4 Beds
4 Baths
4,086 Sq Ft
$374/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $968,000 $237 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $9,719/month

217 Days on Market

Highlights

  • Mature Trees
  • Recreation Room
  • Wood Flooring
  • Lake Bluff Elementary School Rated A
  • Vaulted Ceiling
  • 3-minute walk to Ravine Park

About This Home

As of April 2020

Beautiful inside & out this enchanting vintage home has been completely renovated. Highly sought after East Lake Bluff location, just 2 blocks to Lake Michigan. The circular flow on the 1st floor provides fantastic entertaining space w/french doors opening onto the brick patio & a wonderful screened in porch w/vaulted ceiling. Hardwood floors & plantation shutters throughout. Gourmet kitchen features custom cabinetry, top of the line appliances, island w/breakfast bar, walk-in pantry & charming breakfast room enhanced by skylights & 2-sided fireplace shared w/family room. The 2nd floor features the spacious master suite w/fireplace, luxurious bath, walk-in closet & charming deck overlooking the yard below. There are also 3 additional bedrooms, each w/a large walk-in closet & a bonus room that would make a great office or work-out space. A roomy mudroom/laundry area leads to the 2 car attached garage. A+ location to enjoy the many offerings of downtown Lake Bluff

Last Agent to Sell the Property

Jean Anderson

Jameson Sotheby's International Realty License #475124065 Listed on: 06/19/2019

Jameson Sotheby's International Realty

Co-Listed By

Donna Mancuso

Jameson Sotheby's International Realty License #475138758

Last Buyer's Agent

Samuel Lubeck

Baird & Warner License #475146587

Baird & Warner

Home Details

Home Type

  • Single Family

Year Built

  • 1900

Lot Details

  • Fenced Yard
  • Mature Trees
  • Wooded Lot

Parking

  • Attached Garage
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Farmhouse Style Home
  • Slab Foundation
  • Wood Shingle Roof
  • Cedar

Interior Spaces

  • Built-In Features
  • Vaulted Ceiling
  • Skylights
  • Entrance Foyer
  • Home Office
  • Recreation Room
  • Screened Porch
  • Tandem Room
  • Wood Flooring
  • Partially Finished Basement
  • Partial Basement

Kitchen

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

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • $5,000 Seller Concession

Home Details

Home Type

Single Family

Year Built

1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Age: 100+ Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 4
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3.1
  • Style Of House: Farmhouse
  • Type Detached: 2 Stories
  • Estimated Year Built: 1900
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), Hardwood Floors, 1st Floor Laundry, Built-in Features, Walk-In Closet(s)
  • Number Of Rooms: 11
  • Living Room: Dimensions: 20X17, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Oven/Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal
  • Equipment: Security System, Ceiling Fan, Sump Pump, Backup Sump Pump;
  • Fireplace Location: Family Room, Living Room, Master Bedroom
  • Basement: Partial
  • Basement: Partially Finished
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 12X9, On Level: Main Level, Flooring: Other
  • Dining Room: Dimensions: 19X14, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 23X15, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Pantry-Walk-in
  • Additional Rooms: Office, Recreation Room, Tandem Room, Foyer, Screened Porch
  • Master Bedroom: Dimensions: 19X14, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Office, Dimensions: 10X6, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Recreation Rm, Dimensions: 14X14, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 22X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 3 Name: Tandem Rm, Dimensions: 18X14, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 22X13, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 4 Name: Foyer, Dimensions: 10X10, On Level: Main Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 14X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 5 Name: Screened Porch, Dimensions: 15X12, On Level: Main Level, Flooring: Other
  • Estimated Sq Ft: 4086
  • Dining Room Type: Separate
  • Family Room: Dimensions: 19X18, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Cedar
  • Roof Type: Wood Shakes/Shingles
  • Exterior Property Features: Balcony, Patio, Porch Screened
  • Acreage: 0.36

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • 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, Forced Air

Schools

  • Junior High Dist: 65

Lot Info

  • Lot Dimensions: 211 X 75
  • Lot Description: Fenced Yard, Wooded, Mature Trees
  • Parcel Identification Number: 12212330110000

Tax Info

  • Taxes: 23020.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2020
Sold by
Sickles Jamie J
Bought by
Chicago Title Land Trust Compnay
Current Estimated Value
$1,528,166

Purchase Details

Listed on
Jun 19, 2019
Closed on
Apr 9, 2020
Sold by
Locke Patricia A
Bought by
Rethemeyer Deborah E and The Deborah E Rethemeyer Revocable Trust
Seller's Agent
Jean Anderson
Jameson Sotheby's International Realty
Buyer's Agent
Samuel Lubeck
Baird & Warner
List Price
$1,175,000
Sold Price
$968,000
Premium/Discount to List
-$207,000
-17.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.21%
Original Mortgage
$774,400
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2012
Sold by
Locke Patricia and Rethemeyer Deborah
Bought by
Locke Patricia A

Purchase Details

Closed on
Sep 23, 2010
Sold by
C E Russell & Associates Ltd
Bought by
Locke Patricia and Rethemeyer Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2004
Sold by
Ferg David A and Ferg Maureen C
Bought by
C E Russell & Associates Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,234,625
Interest Rate
4.5%
Mortgage Type
Construction
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
Chicago Title Land Trust Compnay -- Chicago Title Land Trust Co
Rethemeyer Deborah E $968,000 None Available
Locke Patricia A -- None Available
Locke Patricia $1,000,000 Chicago Title Insurance Co
C E Russell & Associates Ltd $1,082,500 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rethemeyer Deborah E $774,400
Previous Owner Rethemeyer Deborah E $96,700
Previous Owner Locke Patricia $650,000
Previous Owner C E Russell & Associates Ltd $1,234,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2020 04/06/20 Sold $968,000 -3.1% $237 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
11/06/2019 11/06/19 Price Changed $999,000 -4.4% $244 / Sq Ft
10/28/2019 10/28/19 Price Changed $1,045,000 -4.9% $256 / Sq Ft
09/09/2019 09/09/19 Price Changed $1,099,000 -6.5% $269 / Sq Ft
06/19/2019 06/19/19 For Sale $1,175,000 -- $288 / 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 $21,397 $359,956 $59,344 $300,612
2023 $19,713 $301,653 $49,732 $251,921
2022 $19,713 $284,669 $46,932 $237,737
2021 $19,025 $282,214 $46,527 $235,687
2020 $18,277 $283,774 $46,784 $236,990
2019 $17,620 $278,565 $45,925 $232,640
2018 $15,512 $252,918 $50,311 $202,607
2017 $15,378 $248,690 $49,470 $199,220
2016 $14,805 $236,712 $47,087 $189,625
2015 $14,658 $222,893 $44,338 $178,555
2014 $14,064 $209,020 $39,807 $169,213
2012 $13,194 $210,833 $40,152 $170,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10422368

Midwest Real Estate Data (MRED)

APN: 12-21-223-011