Check Availability
$650,000
House - For Sale

11 Shagbark Road

Lake Bluff, IL 60044
bedrooms
2 Beds
bathrooms
1 Bath
square feet
888 Sqft
$3,476
Est. Monthly
3.35%
Cap Rate

About This Property

Value is in the land for redevelopment.  Consists of one single family home located at 11 Shagbark Road. The Sunset Motel located at 511 Rockland Road and 8 Skokie Valley Road Office Building are being sold separately under MLS #'s 11392402 and 11392405. Seller will sell this four parcel lot package with a total of 62,624 sq ft parcel at $5,900,000. Sunset Motel is currently open and operating. Office building at 8 Skokie BLVD has a few month to month tenants in place. SFH at 11 Shagbark is rented with a month to month lease in place. PIN numbers 12-19-206-014, 12-19-206-15, 12-19-206-010 and 12-19- 206-007.   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 eight-parcel assembly of contiguous properties that total 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.
Unit Size
888Ft²
Days on Market
795 days
Land Size
0.43 acres
Price per sqft
$732
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1954

Listed By

John Josephitis
Coldwell Banker Realty
Last updated: 25 days ago (MRED MLS #11392412)

Price History

Date / Event Date Event Price
May 3, 2022 Listed by Coldwell Banker Realty $650,000
Listed by Coldwell Banker Realty
Jan 20, 2010 Sold to Niketa B Patel $170,000
Sold to Niketa B Patel

Property Highlights

Air Conditioning
Parking Details
Total Number of Parking: 2
Garage Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Appliances: Range, Refrigerator
Rooms: 5
Basement: None
Exterior Details
Architectual Style: Ranch
Property Type: Residential
Year Built: 1954
Roof: Asphalt
No Disability Access
Special Conditions: None
Lot Size Acres: 0.43
Lot Size Dimensions: 108 X 180
Water Source: Lake Michigan, Public
Financial Details
Tax Year: 2021
Tax Annual Amount: $3,407
Utilities Details
Cooling: Central Air
Heating: Natural Gas
Sewer : Public Sewer
Location Details
Directions: Route 176 to Shagbark Road. North on Shagbark to 11 Shagbark Road.
County or Parish: Lake
Other Details
Association Fee Includes: None
Association Fee Freq: Not Applicable
Selling Agency Compensation: 2% - $475

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 18,761
  • Total Building Area: 888
  • Gross Building Area: 888
  • Building Area: 888
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 888
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: ROCKLAND MANOR
  • Land Acres: 0.431
  • Legal Description 1: ROCKLAND MANOR LOT 65

Ownership

  • Current Owner : PATEL NIKETA B
  • Previous Owner : HSBC BANK USA NATIONAL ASSOCIATION
  • Owner Before Previous Owner: SMALL
  • Is Owner Occupied: unknown
  • Vacant Flag: unknown
  • Vacant Flag Date: Mar 07, 2024

Neighborhood

  • School District Name: Lake Bluff Elementary School District 65
  • Census Tract: 863202

Geography

  • District: SHIELDS
  • Parcel: 12-19-206-007
  • Lot: 65
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2803
  • Longitude: -87.8718

    Address

  • Full Address: 11 Shagbark Rd
  • Address - House Number: 11
  • Address - Street Name: Shagbark
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lake Bluff
  • Carrier Code: C004
  • 4-Digit Zip Code: 1728
  • Zip Code: 60044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,483
  • Tax Rate Code Area: 10029

    Appraisal Valuation

  • Standard Deviation: 0.1562
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 254,530
  • High Value: 294,287
  • Low Value: 214,772

    Market Valuation

  • Market Total Value: $201,596
  • Market Land Value: $88,536
  • Market Improvement Value: $113,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,192
  • Assessed Land Value: $29,509
  • Assessed Improvements Value: $37,683

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 27, 2009
  • Current Sale Recording Date: Jan 20, 2010
  • Current Sale Transaction ID: 1076350305
  • Current Sale Price: $170,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 6564760
  • Previous Sale Recording Date: Dec 05, 2008
  • Previous Sale Contract Date: Nov 20, 2008
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: PNC MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 20, 2010
  • First Mortgage Loan Amount: $136,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Feb 01, 2025

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,008 ft²
$311/ft²
$625,000 Jul 31, 2023
$625,000 Dec 7, 2023
$887/mo
House
5 Beds
4 Baths
2,283 ft²
$276/ft²
$630,000 Sep 8, 2023
$630,000 Apr 19, 2024
$1,179/mo
House
5 Beds
4 Baths
3,283 ft²
$221/ft²
$725,000 Mar 29, 2024
$725,000 May 30, 2024
$796/mo
House
2 Beds
1 Bath
840 ft²
$804/ft²
$675,000 May 3, 2022
-
$379/mo
House
2 Beds
1 Bath
1,040 ft²
$649/ft²
$675,000 May 3, 2022
-
$321/mo

About Rockland Manor


Similar Homes for Sale

Unit for sale at 13 Shagbark Road, Lake Bluff, IL 60044

$675,000

  • 2 Beds
  • 1 Bath
  • 1,040 ft²
13 Shagbark Road, Lake Bluff, IL 60044 Listing by John Josephitis
Unit for sale at 15 Shagbark Road, Lake Bluff, IL 60044

$675,000

  • 2 Beds
  • 1 Bath
  • 840 ft²
15 Shagbark Road, Lake Bluff, IL 60044 Listing by John Josephitis

Nearby Rentals



Frequently Asked Questions

When was property at 11 Shagbark Road built and last sold?
The property at 11 Shagbark Road was built in 1954 and last sold on Nov 27, 2009 for $170,000.
How much is this home worth?
The estimated value of the home located at 11 Shagbark Road is $653,332.
What are some comparable homes to 11 Shagbark Road?
There are currently no comparable homes to 11 Shagbark Road.

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