NOT LISTED FOR SALE

700 S Lake St Grayslake, IL 60030

Estimated Value: $237,000 - $2,977,000

43.5 Acres
$30,556 Price per Acre
1,894,860 Sq Ft Lot

Last Sold August 17, 2020

Last sale price $500,000

Est. 166% increase in value since last sale

Current estimated payment $7,172/month

272 Days on Market

Highlights

  • 43.5 Acre Lot
  • 1-minute walk to Grayslake Station (Md-N)
  • Farm
  • Grayslake Central High School Rated A

About This Lot

As of August 2020

A 43.5 acre land site adjacent to the Grayslake Metra station is available for sale. Currently, the site is leased and used as farmland. Via a Planned Development application, the site can be entitled for 300+ multi-family units on 5.0 acres along Lake St. A proposed site plan is available. More than 30 acres are suitable for wetland bank development, with possible tax credits. Wetland banks in Lake County can have significant monetary benefits. The south end of the site is along the proposed realignment of Route 120 North.

Last Agent to Sell the Property

Daniel Hyman

Millennium Properties RE, Inc. License #471013658 Listed on: 10/10/2019

Last Buyer's Agent

Daniel Hyman

Millennium Properties RE, Inc. License #471013658 Listed on: 10/10/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,931

Lot Details

  • 43.5 Acre Lot
  • Additional Parcels

Farming

  • Farm

Property Details

Property Type

Land

Est. Annual Taxes

$1,931

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Asphalt
  • General Information: None
  • ResoPropertyType: Farm
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Utilities

  • Utilities: Sanitary Sewer, Water to Site

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 43.5
  • Lot Dimensions: 1894860
  • Zoning: OTHER
  • Lot Size: 25.0-99.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1931
  • Tax Year: 2018
  • Tax Exemptions: None

Range of Values:

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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Off Market $500,000 -- --
08/17/2020 08/17/20 Sold $500,000 0.0% --
10/10/2019 10/10/19 For Sale $500,000 -- --
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 $2,162 $20,032 $20,032 --
2023 $2,773 $18,385 $18,385 --
2022 $2,773 $23,131 $23,131 $0
2021 $2,748 $22,233 $22,233 $0
2020 $11,199 $85,906 $85,906 $0
2019 $10,835 $82,420 $82,420 $0
2018 $11,041 $84,290 $84,290 $0
2017 $11,008 $79,287 $79,287 $0
2016 $10,635 $73,190 $73,190 $0
2015 $10,453 $66,865 $66,865 $0
2014 $6,402 $40,939 $40,939 $0
2012 $6,246 $42,756 $42,756 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10544630

Midwest Real Estate Data (MRED)

APN: 06-34-400-009