508 West Washington Avenue

Lake Bluff, IL 60044

$340,000
Price
2
Beds
1
Bath
1
1/2 Bath
984 Sq. Ft.
$346 / Sq. Ft.
984
Sq. Ft.
$346
per Sq. Ft.

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...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.
  1. Listed by John Josephitis • Coldwell Banker Realty

Property Details for 508 West Washington Avenue

Area
Lake Bluff
Township
Shields
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Electric, Baseboard
Pets Allowed
No

Location

Listing Courtesy of Coldwell Banker Realty
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LISTING UPDATED: 11/30/2023 05:21 PM

Property Details for 508 West Washington Avenue

StatusActive
MLS #11687323
Days on Market714
Taxes$2,993 / year
HOA Fees$125 / month
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeAttached Single / Townhouse-2 Story
Year Built1973
Lot Size0.09 AC / 3,833 SF
CountyLake County

Location

Listing Courtesy of Coldwell Banker Realty
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Building Information for 508 West Washington Avenue

Stories2Residences4Year Built1973Lot Size0.09 AC / 3,833 SF

Payment Calculator

$2,230 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,856

Property Taxes

$249

HOA Dues

$125

The Payment Calculator is for illustrative purposes only.

Property Information for 508 West Washington Avenue

General Information
School Information
  • Elementary School District: 65
  • Elementary School: Lake Bluff Elementary School
  • Jr High Middle School: Lake Bluff Middle School
  • High School District: 115
  • High School: Lake Forest High School
  • Middle Or Junior School District: 65
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Parking On Site: true
  • Parking Ownership: Owned
Pet Information
  • Pet Information: No Pets
Taxes and HOA Information
  • Association Fee Frequency: Monthly
  • Additional Parcels: No
Property Information
Interior Features
  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit
  • Common Area Amenities: Storage
  • Num Of Rooms: 5
  • Bedrooms (Below Grade): 0
  • Unit Floor Level: 1
  • Basement Type: Full
  • Bedrooms Possible: 2
  • Air Conditioning: Window/Wall Units - 2
  • Electric: Circuit Breakers
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Room Type: No additional rooms
  • Num of Baths: 1.1
Exterior Features
  • Type: Townhouse-2 Story
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Other Equipment: TV-Cable, Security System, CO Detectors, Ceiling Fan(s), Sump Pump
Property/Lot Information
  • Exterior Property Features: Storms/Screens, Outdoor Grill
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 41-50 Years
  • Type Attached: Townhouse-2 Story
  • Total Sq Ft: 984
  • Aprox Total Finished Sq Ft: 984
  • Total Finished and Unfin Sq Ft: 1476
  • Upper Sq Ft: 984
  • Lot Description: Landscaped Professionally
  • Lot Dimensions: 0.088
  • Stories Total: 2
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Train
  • North Coordinate: 29
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 12
  • Living Area Source: Assessor
  • Lot Size Source: County Records
  • Unfinished Lower Sq Ft: 492
  • Management: Self-Management
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 13
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Second
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 15X11
Bedroom #2 Information
  • 2nd Bedroom Level: Second
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 11X11
Bedroom #3 Information
  • 3rd Bedroom Level: N/A
  • Room Type: Bedroom 3
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: N/A
  • RoomType_DR: Dining Room
Family Room Information
  • Family Room Level: Main
  • RoomType_FR: Family Room
  • Family Room Dimensions: 18X11
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 11X11
Laundry Information
  • Laundry Level: Main
  • Room Type: Laundry
  • Laundry Dimensions: 16X11
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 15X11

Property History for 508 West Washington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 508 West Washington Avenue

Taxable ValueLand$12,074Additions$33,239Total$45,313
Tax Record2023$2,910 ($242 / month)
Home Facts
Beds0Baths1.5Total Finished SqFt984 SqFtAbove Grade Finished SqFt984 SqFtStories2Lot Size3,842 SqFtStyleTownhouseYear Built1977CountyLAKEAPN12-19-206-002

Schools near 508 West Washington Avenue

This home is within Lake Bluff Esd 65 School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Private - 5 to 12
Rating
School
Distance
Lake Bluff Elementary School
PublicPK to 6

Lake Bluff Middle School
Public6 to 8

Lake Forest High School
Public9 to 12

Safe Haven School
Private5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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508 West Washington Avenue is a townhouse for sale in Lake Bluff, IL 60044. This property was listed for sale on December 13, 2022 by Coldwell Banker Realty, it's currently listed at $340,000. It has been on the market for a total of 714 days and was last sold on June 24, 2021. This listing's school districts are Lake Bluff Esd 65 School District, Lake Forest Chsd 115 School District. Nearby schools include Lake Bluff Elementary School, Lake Bluff Middle School and Lake Forest High School. 508 West Washington Avenue is a 2-bed, 1.5-bath, 984 sqft townhouse built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/30/2023 05:21 PM. 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.