FOR SALE
508 W Washington Ave
Lake Bluff, IL 60044
Knollwood
2 Beds
2 Baths
984 sqft
- 2 Beds
- 2 Baths
- 984 sqft
2 Beds
2 Baths
984 sqft
Local Information
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Description
Value is in the land for redevelopment. Consists of one single family townhome located at 508 W Washington Avenue in unincorporated Lake Bluff. Three other townhomes in the Knollwood Townhomes are also for sale under separate listings. The Sunset Motel located at 511 Rockland Road is being sold separately under MLS 11392402. Sunset Motel is currently open and operating. 11 Shagbark is rented with a month to month lease in place. PIN numbers 12-19-206-014, 12-19-206-15 and 12-19- 206-007 are also for sale. Other properties in this offering are three single family homes located on Shagbark Road. Rare North Shore commercial redevelopment land acquisition opportunity available in Lake Bluff, IL. Major market areas include Lake Bluff, Lake Forest, Green Oaks and Libertyville, IL. General Commercial and Residential Zoning currently in place. Located in unincorporated Lake Bluff - Current Lake County Zoning. Buyer could voluntarily annex into the Village of Lake Bluff - Lake Bluff willing to offer financial incentives! Recent developments include new Target & Chase Bank plus retail strip malls directly across the street on Route 176 (Rockland Road) Adjacent to the brand new Northwestern Medicine building that just sold for $8,150,000 in 2021, which is located directly across the street on Route 176. Sold in May of 2020 for $3,700,000 for 41,040 sq ft parcel. This sales comparable sold for $90.16 per sq ft. Thriving commercial corridor serving Lake Bluff & Lake Forest residents plus large daytime employment from Abbott Labs and many surrounding businesses. Value is in the land! This offering is part of a larger eleven-parcel assembly of contiguous properties that total about 120,000 sq ft or 2.75 acres of commercial and residential land. Possible rezoning of all parcels to be either commercial or residential. Future use for new retail, medical, multi-family, drive-thru etc. Contact John Josephitis for full Offering Memorandum and complete details on the overall development opportunity.
Home Highlights
Parking
2 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
$125/Monthly
Price/Sqft
$346
Listed
180+ days ago
Home Details for 508 W Washington Ave
Active Status |
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MLS Status: Active |
Interior Features |
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Interior Details Basement: FullNumber of Rooms: 5Types of Rooms: Bedroom 4, Living Room, Kitchen, Laundry, Bedroom 2, Bedroom 3, Master Bedroom, Dining Room, Family Room |
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 984 Square Feet |
Appliances & Utilities Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, DisposalDishwasherDisposalDryerLaundry: Laundry Hook-Up in UnitMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Electric,BaseboardHas CoolingAir Conditioning: Window/Wall Units - 2Has HeatingHeating Fuel: Electric |
Fireplace & Spa No Spa |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Window: Storms/ScreensFlooring: Hardwood |
Levels, Entrance, & Accessibility Number of Stories: 2Accessibility: No Disability AccessFloors: Hardwood |
Security Security: Security System, Carbon Monoxide Detector(s) |
Exterior Features |
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Exterior Home Features Roof: AsphaltExterior: Outdoor GrillFoundation: Concrete Perimeter |
Parking & Garage Parking Spaces: 2Parking: Assigned |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Days on Market |
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Days on Market: 180+ |
Property Information |
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Year Built Year Built: 1973 |
Property Type / Style Property Type: ResidentialProperty Subtype: Townhouse, Single Family Residence |
Building Construction Materials: BrickNot a New ConstructionNo Additional Parcels |
Property Information Parcel Number: 12192060020000 |
Price & Status |
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Price List Price: $340,000Price Per Sqft: $346 |
Status Change & Dates Possession Timing: Close Of Escrow |
Location |
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Direction & Address City: Lake Bluff |
School Information Elementary School: Lake Bluff Elementary SchoolElementary School District: 65Jr High / Middle School: Lake Bluff Middle SchoolJr High / Middle School District: 65High School: Lake Forest High SchoolHigh School District: 115 |
Agent Information |
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Listing Agent Listing ID: 11687323 |
Building |
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Building Area Building Area: 1476 Square Feet |
HOA |
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HOA Fee Includes: Insurance, Security, Lawn Care, Scavenger, Snow RemovalHas an HOAHOA Fee: $125/Monthly |
Lot Information |
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Lot Area: 3833.28 sqft |
Listing Info |
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Special Conditions: None |
Compensation |
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Buyer Agency Commission: 2.0% - $475Buyer Agency Commission Type: See Remarks: |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Business Information Ownership: Fee Simple |
Miscellaneous |
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BasementMls Number: 11687323 |
Additional Information |
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HOA Amenities: StorageMlg Can ViewMlg Can Use: IDX |
Last check for updates: about 10 hours ago
Listing courtesy of: John Josephitis, (847) 373-1766
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID, MLS#11687323
Price History for 508 W Washington Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 12/13/2022 | $340,000 | Listed For Sale | MRED as distributed by MLS GRID #11687323 |
| 08/13/2021 | $50,000 | Sold | N/A |
| 02/02/1994 | $47,333 | Sold | N/A |
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Property Taxes and Assessment
| Year | 2021 |
|---|---|
| Tax | $2,995 |
| Assessment | $125,994 |
Home facts updated by county records
Comparable Sales for 508 W Washington Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.97 | Townhouse | $750,000 | 03/15/24 | 3 | 3 | 2,483 | |
0.92 | Townhouse | $665,550 | 12/18/23 | 3 | 3 | 2,039 | |
1.05 | Townhouse | $645,000 | 08/15/23 | 3 | 3 | 2,099 | |
1.54 | Townhouse | $289,000 | 01/11/24 | 2 | 3 | 1,272 | |
1.42 | Townhouse | $237,500 | 10/18/23 | 2 | 2 | 1,278 | |
1.25 | Townhouse | $265,000 | 06/08/23 | 2 | 3 | 1,609 | |
1.25 | Townhouse | $295,000 | 07/14/23 | 2 | 3 | 1,609 | |
1.39 | Townhouse | $269,000 | 06/01/23 | 2 | 3 | 1,750 | |
0.96 | Townhouse | $850,000 | 09/01/23 | 3 | 4 | 3,123 | |
1.30 | Townhouse | $335,000 | 09/14/23 | 3 | 3 | 1,675 |
What Locals Say about Knollwood
- lindsayclee
- 10y ago
"I have lived here as a single mom and now married with three kids. This is an area for everyone. Quiet, safe and many growing families around."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
John Josephitis, Coldwell Banker Realty
Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
508 W Washington Ave, Lake Bluff, IL 60044 is a 2 bedroom, 2 bathroom, 984 sqft townhouse built in 1973. 508 W Washington Ave is located in Knollwood, Lake Bluff. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Dec 13, 2022. The MLS # for this home is MLS# 11687323.