Seller's Agent in 2020
Andra O'Neill
@ Properties
(847) 650-9093
35 in this area
236 Total Sales
700 Arbor Dr Lake Bluff, IL 60044
Estimated Value: $3,320,734 - $7,212,000
7
Beds
14
Baths
29,745
Sq Ft
$171/Sq Ft
Est. Value
Highlights
- Lake Front
- Beach
- Wood Flooring
- Lake Bluff Elementary School Rated A
- Home Theater
- Whirlpool Bathtub
About This Home
As of March 2020This magnificent estate designed by David Adler, is set on five acres along Lake Michigan. Offering over 400' of lakefront, this home was originally built for Lester and Leola Armour in 1931 as their country estate. Known for his grace and refinement, Adler's classical design has been beautifully maintained and updated for today's buyer. Exquisite mouldings, floor to ceiling windows, 19 fireplaces, warm wood paneling and a fabulous gourmet kitchen open to the family room are a few of the rarely seen details. Sweeping large open rooms can be found on all four floors, including the third floor with exercise room and basement with bar. Unbelievable views are evident from almost every room and the attached studio with kitchen, family room and two bedrooms can be adapted to suit your needs. The backyard, with brick patios, fire pit and breathtaking views of the property and lakefront, offers the utmost in privacy.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475136496 Listed on: 09/17/2018
Home Details
Home Type
- Single Family
Year Built
- 1931
Lot Details
- Lake Front
- Cul-De-Sac
Parking
- Attached Garage
- Garage Door Opener
- Circular Driveway
- Brick Driveway
- Garage Is Owned
Home Design
- Brick Exterior Construction
- Slate Roof
- Tar and Gravel Roof
Interior Spaces
- Wet Bar
- Bar Fridge
- Wood Burning Fireplace
- Gas Log Fireplace
- Sitting Room
- Breakfast Room
- Home Theater
- Den
- Library
- Sun or Florida Room
- Gallery
- Wood Flooring
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Butlers Pantry
- Oven or Range
- Microwave
- High End Refrigerator
- Bar Refrigerator
- Dishwasher
- Wine Cooler
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- Primary Bathroom is a Full Bathroom
- Bidet
- Dual Sinks
- Whirlpool Bathtub
- Shower Body Spray
- Separate Shower
- Solar Tube
Laundry
- Laundry on upper level
- Dryer
- Washer
Partially Finished Basement
- Partial Basement
- Finished Basement Bathroom
Outdoor Features
- Balcony
- Patio
Utilities
- Forced Air Heating and Cooling System
- Partial Air Conditioning Available
- Radiator
- Hot Water Heating System
- Heating System Uses Gas
- Radiant Heating System
- Well
- Private or Community Septic Tank
Community Details
- Beach
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 17, 2018
Closed on
Mar 6, 2020
Sold by
Chicago Title Land Trust Company
Bought by
Chicago Title Land Trust Company and Trust Number 8002382860
Seller's Agent
Andra O'Neill
@properties Christie's International Real Estate
Buyer's Agent
Marina Carney
Compass
List Price
$8,995,000
Sold Price
$4,200,000
Premium/Discount to List
-$4,795,000
-53.31%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$893,911
Avg. Annual Appreciation
3.37%
Original Mortgage
$2,940,000
Outstanding Balance
$2,598,824
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$2,495,087
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chicago Title Land Trust Company | $4,200,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chicago Title Land Trust Company | $2,940,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2020 03/09/20 | Sold | $4,200,000 | -40.0% | $141 / Sq Ft |
| 11/11/2019 11/11/19 | Pending | -- | -- | -- |
| 02/11/2019 02/11/19 | Price Changed | $6,995,000 | -22.2% | $235 / Sq Ft |
| 09/17/2018 09/17/18 | For Sale | $8,995,000 | -- | $302 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $99,465 | $1,654,083 | $593,356 | $1,060,727 |
| 2023 | $99,465 | $1,524,782 | $546,973 | $977,809 |
| 2022 | $99,465 | $1,412,039 | $506,530 | $905,509 |
| 2021 | $96,006 | $1,399,860 | $502,161 | $897,699 |
| 2020 | $127,397 | $1,901,383 | $504,938 | $1,396,445 |
| 2019 | $122,848 | $1,866,480 | $495,669 | $1,370,811 |
| 2018 | $163,063 | $2,542,118 | $550,006 | $1,992,112 |
| 2017 | $161,717 | $2,499,624 | $540,812 | $1,958,812 |
| 2016 | $159,432 | $2,430,712 | $566,242 | $1,864,470 |
| 2015 | $158,333 | $2,288,806 | $533,185 | $1,755,621 |
| 2014 | $14,826 | $1,962,284 | $369,439 | $1,592,845 |
| 2012 | $107,551 | $1,672,385 | $326,812 | $1,345,573 |
Source: Public Records
Agents Affiliated with this Home
-
Andra O'Neill
-
Marina Carney
Buyer's Agent in 2020
Marina Carney
Compass
(847) 274-5566
28 in this area
166 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10085907
APN: 12-16-202-002
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