Seller's Agent in 2024
Kati Spaniak
eXp Realty
(847) 533-9247
102 in this area
198 Total Sales
901 Cedar Ln Northbrook, IL 60062
Estimated Value: $1,018,000 - $2,389,000
5
Beds
5.5
Baths
4,718
Sq Ft
$400/Sq Ft
Est. Value
Highlights
- New Construction
- Property is near a park
- Recreation Room
- Greenbriar Elementary School Rated A
- Family Room with Fireplace
- 2-minute walk to Cedar Lane Tot Lot
About This Home
As of May 2024Introducing 901 Cedar Lane - a rare gem in Northbrook's Highlands neighborhood, offering the unique blend of expansive space and unparalleled new construction in District 28, home to the acclaimed Greenbriar School. This exceptional property, set to be completed by May 2024, is completely unique in the market, especially with its huge .5-acre lot - a size seldom available in this downtown location. This beautiful new build spans over 4700 square feet, featuring six bedrooms, five and a half bathrooms, and a three-car garage. It's more than a home; it's a dream space in a dream location. Imagine living within walking distance to the heart of the town, with easy access to the library, train station, and the charming Village Green. But it's not just about location. This property promises an eco-friendly lifestyle without compromising on luxury. From large concrete window wells and high-efficiency HVAC systems to a fully wired 50amp EV outlet, every detail directly promotes sustainability of the proposed development. The inviting front porch with a metal standing-seam roof, a custom-built main entry door, and Marvin windows enhance the home's transitional aesthetic. Inside, prepare to be wowed by soaring ceilings, an open atrium-type staircase, and an abundance of natural light. The first floor is an entertainer's delight, opening to a boutique white Chef's Kitchen equipped with Subzero/Wolf appliances, Amish-built cabinetry, and mitered quartz countertops. The versatility continues with a living room that doubles as an office, a first-floor bedroom/study with an attached full bathroom, and a luxurious primary suite on the second floor. The basement is a haven for relaxation and entertainment, featuring a recreation room with an electric fireplace, a full wet bar, and a wine cellar. Add a wellness room for total mindfulness and tranquility if you prefer to meditate or simply convert it to a fully functional exercise room. This is truly more than a boutique house; it s an opportunity to own a slice of paradise in Northbrook, with the chance to customize and add personal touches with the help of a reputable, experienced builder passionate about sustainable design and construction. Pick your door styles, stains, countertops, fixtures, floor finishes, and more. Don't miss out on this once-in-a-lifetime opportunity to create your dream home in a dream location - 901 Cedar Lane is waiting for you. These photos are of previous projects and have been shown, only as a depiction of finishes used in the past, not representative of what is being proposed. Call the listing agent to get summary of proposed finishes.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,868
Year Built
- Built in 2023 | New Construction
Lot Details
- 0.41 Acre Lot
- Lot Dimensions are 75x235x75x235
- Paved or Partially Paved Lot
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Parking Included in Price
Home Design
- Asphalt Roof
- Radon Mitigation System
Interior Spaces
- 4,718 Sq Ft Home
- 2-Story Property
- Gas Log Fireplace
- Electric Fireplace
- Low Emissivity Windows
- Family Room with Fireplace
- 2 Fireplaces
- Recreation Room
- Storage Room
- Laundry in unit
- Home Gym
- Wood Flooring
- Unfinished Attic
- Carbon Monoxide Detectors
Kitchen
- Built-In Oven
- Gas Cooktop
- Range Hood
- Microwave
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 6 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
Finished Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Finished Basement Bathroom
Schools
- Greenbriar Elementary School
- Northbrook Junior High School
- Glenbrook North High School
Utilities
- Two Heating Systems
- 400 Amp
- Lake Michigan Water
Additional Features
- Doors are 36 inches wide or more
- Patio
- Property is near a park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 14, 2023
Closed on
May 20, 2024
Sold by
Building Innovations Inc
Bought by
Nesrallah Michael and Nesrallah Kristel
Seller's Agent
Kati Spaniak
eXp Realty
Buyer's Agent
Kati Spaniak
eXp Realty
List Price
$2,199,900
Sold Price
$2,050,000
Premium/Discount to List
-$149,900
-6.81%
Views
55
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
-$160,615
Avg. Annual Appreciation
-4.94%
Original Mortgage
$1,640,000
Outstanding Balance
$1,613,521
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$275,864
Purchase Details
Closed on
Nov 10, 2023
Sold by
Desai Nehal R and Desai Pinki N
Bought by
Building Innovations Inc
Purchase Details
Closed on
Dec 13, 2022
Sold by
Sandra Sinyard Living Trust
Bought by
Desai Nehal R and Desai Pinki N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
6.63%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Nesrallah Michael | $2,050,000 | Saturn Title | |
| Building Innovations Inc | -- | None Listed On Document | |
| Desai Nehal R | $430,000 | Saturn Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nesrallah Michael | $1,640,000 | |
| Previous Owner | Desai Nehal R | $322,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/21/2024 05/21/24 | Sold | $2,050,000 | -6.8% | $435 / Sq Ft |
| 12/19/2023 12/19/23 | Pending | -- | -- | -- |
| 11/14/2023 11/14/23 | For Sale | $2,199,900 | -- | $466 / 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 | $9,990 | $140,853 | $28,800 | $112,053 |
| 2023 | $10,824 | $43,729 | $27,504 | $16,225 |
| 2022 | $10,824 | $55,004 | $27,504 | $27,500 |
| 2021 | $7,868 | $39,144 | $22,050 | $17,094 |
| 2020 | $7,183 | $39,144 | $22,050 | $17,094 |
| 2019 | $7,015 | $43,016 | $22,050 | $20,966 |
| 2018 | $7,608 | $50,821 | $19,350 | $31,471 |
| 2017 | $7,282 | $50,821 | $19,350 | $31,471 |
| 2016 | $7,698 | $52,839 | $19,350 | $33,489 |
| 2015 | $8,929 | $42,287 | $15,750 | $26,537 |
| 2014 | $8,352 | $42,287 | $15,750 | $26,537 |
| 2013 | $8,286 | $42,287 | $15,750 | $26,537 |
Source: Public Records
Agents Affiliated with this Home
-
Kati Spaniak
-
Warrick Bell
Seller Co-Listing Agent in 2024
Warrick Bell
eXp Realty
(847) 644-7717
9 in this area
15 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11925066
APN: 04-09-214-014-0000
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