NOT LISTED FOR SALE

701 Park Place Lake Bluff, IL 60044

Estimated Value: $2,444,000 - $2,679,000

4 Beds
4.5 Baths
4,263 Sq Ft
$590/Sq Ft Est. Value

Last Sold February 20, 2024

Last sale price $2,405,000 $564 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $17,577/month

181 Days on Market

Highlights

  • Access To Lake
  • Heated Floors
  • Mature Trees
  • Lake Bluff Elementary School Rated A
  • Landscaped Professionally
  • Community Lake

About This Home

As of February 2024

This magnificent estate is a stone's throw from Lake Michigan. No detail was overlooked in the construction of this unbelievable home-from the foundation to the spectacular designer finishes. Among the numerous exquisite features are soaring ceilings throughout, custom dramatic millwork, wide plank white oak hardwood & limestone floors, leathered marble waterfall countertops, Kolbe windows, Parapan high gloss kitchen cabinets, 2 woodburing fireplaces, a second story terrace, a private quarter acre courtyard & an attached 2 car heated garage. Breathtaking, sophisticated & absolutely pristine. The integration of quality and attention to detail throughout the home combine to form an unforgettable residence in a charmed location. This is truly a rare offering. "Pennasanta Wood" started construction in 1902 by William Penhallow Henderson & Alice R. Corbin Henderson. Alice was a mother & a renowned published poet & playwright while William was a painter, illustrator, architect, scenery & furniture designer. William designed 701 Park Place to have a studio near Chicago where he was commissioned by Frank Lloyd Wright to design murals for Midway Gardens. Due to his wife's failing health, the couple moved to Santa Fe, New Mexico a few short years later where they became active in the civil rights of Native Americans & continued their creative endeavors.

Last Agent to Sell the Property

Kim Shortsle

Jameson Sotheby's International Realty License #475168103 Listed on: 04/18/2023

Jameson Sotheby's International Realty

Co-Listed By

Carleigh Mia Goldsberry

Jameson Sotheby's International Realty License #475167724

Last Buyer's Agent

Dawn McKenna

Coldwell Banker Realty License #475122904

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,400

Year Built

  • Built in 1902

Lot Details

  • 8,999 Sq Ft Lot
  • Lot Dimensions are 100 x 89 x 99 x 90
  • Fenced Yard
  • Landscaped Professionally
  • Corner Lot
  • Mature Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Prairie Architecture
  • Metal Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,263 Sq Ft Home
  • 2-Story Property
  • Dry Bar
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Loft
  • Pull Down Stairs to Attic

Kitchen

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

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer
  • Sink Near Laundry

Unfinished Basement

  • Partial Basement
  • 9 Foot Basement Ceiling Height
  • Sump Pump
  • Recreation or Family Area in Basement
  • Basement Storage

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Outdoor Features

  • Access To Lake
  • Balcony
  • Patio
  • Outdoor Fireplace
  • Shed

Schools

  • Lake Bluff Elementary School
  • Lake Forest High School

Utilities

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

Community Details

  • Community Lake

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,400

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Prairie
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1902
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Rebuilt Year: 2017
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Humidifier
  • Basement: Partial
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Cathedral Ceiling(s), Bar-Dry, Hardwood Floors, Heated Floors, First Floor Bedroom, Second Floor Laundry, Walk-In Closet(s), High Ceilings
  • LivingArea: 4263
  • Other Equipment: Fire Sprinklers, CO Detectors, Sump Pump, Generator
  • Room Type: Foyer, Loft
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished,9 ft + pour,Rec/Family Area,Storage Space
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room,Exterior
  • Total Sq Ft: 0
  • Attic: Pull Down Stair
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 2499000
  • Lot Features: Corner Lot, Fenced Yard, Landscaped, Mature Trees, Lake Access
  • OtherStructures: Shed(s)
  • Patio And Porch Features: Patio
  • Roof: Metal
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Sink
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Lake, Sidewalks
  • 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 District: 65

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2066
  • Lot Dimensions: 100 X 89 X 99 X 90
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 39400.24
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Feb 15, 2024
Sold by
Kelmscott Park Sf Homes Llc
Bought by
Leonardi Leslie and Leonardi Jacopo
Seller's Agent
Kim Shortsle
Jameson Sotheby's International Realty
Buyer's Agent
Dawn McKenna
Coldwell Banker Realty
List Price
$2,499,000
Sold Price
$2,405,000
Premium/Discount to List
-$94,000
-3.76%
Views
358
Current Estimated Value
$2,516,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,563
Avg. Annual Appreciation
2.25%
Original Mortgage
$1,500,000
Outstanding Balance
$1,479,499
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$1,005,916

Purchase Details

Listed on
Apr 18, 2023
Closed on
Feb 14, 2024
Sold by
Leonardi Leslie and Leonardi Jacopo
Bought by
Claude J Marbach J and Claude Nichole N
Seller's Agent
Kim Shortsle
Jameson Sotheby's International Realty
Buyer's Agent
Dawn McKenna
Coldwell Banker Realty
List Price
$2,499,000
Sold Price
$2,405,000
Premium/Discount to List
-$94,000
-3.76%
Views
358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,479,499
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$1,005,916

Purchase Details

Listed on
Aug 4, 2016
Closed on
Nov 15, 2016
Sold by
Isham Nancy T and Isham Robert
Bought by
Leonardi Leslie and Leonardi Jacopo
Seller's Agent
Patricia Carter
Coldwell Banker Realty
Buyer's Agent
Stephanie Klein
@properties
List Price
$1,648,000
Sold Price
$1,475,000
Premium/Discount to List
-$173,000
-10.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.96%

Purchase Details

Closed on
Aug 17, 2005
Sold by
Isham Robert T and Isham Nancy T
Bought by
Isham Nancy T
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Leonardi Leslie $1,500,000 Chicago Title
Claude J Marbach J $2,405,000 Chicago Title
Leonardi Leslie $1,475,000 Old Republic Title
Isham Nancy T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Claude J Marbach J $1,500,000
Previous Owner Leonardi Leslie $350,000
Previous Owner Leonardi Jacopo $548,250
Previous Owner Leonardi Leslie $500,000
Previous Owner Isham Robert T $100,000
Previous Owner Isham Robert T $322,700
Previous Owner Isham Robert T $322,700
Previous Owner Isham Robert T $330,000
Previous Owner Isham Robert T $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $2,405,000 -3.8% $564 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $2,499,000 +69.4% $586 / Sq Ft
11/15/2016 11/15/16 Sold $1,475,000 -10.5% $496 / Sq Ft
09/04/2016 09/04/16 Pending -- -- --
08/04/2016 08/04/16 For Sale $1,648,000 -- $555 / 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 $46,383 $769,148 $147,055 $622,093
2023 $40,837 $644,566 $123,236 $521,330
2022 $40,837 $608,276 $116,298 $491,978
2021 $39,400 $603,030 $115,295 $487,735
2020 $38,551 $606,365 $115,933 $490,432
2019 $37,142 $595,234 $113,805 $481,429
2018 $25,680 $406,403 $125,585 $280,818
2017 $25,465 $399,610 $123,486 $276,124
2016 $24,555 $380,364 $117,539 $262,825
2015 $24,361 $358,158 $110,677 $247,481
2014 $22,353 $320,211 $99,365 $220,846
2012 $18,885 $322,989 $100,227 $222,762
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11985407

Midwest Real Estate Data (MRED)

APN: 12-21-226-001