1 year on rocket

508 W Washington Ave, Lake Bluff, IL, 60044

$340,000

Home List Price

$4,038*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
984 SqFt
$346/SqFt
Townhouse
Schools Nearby

Location

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508 W Washington Ave, Lake Bluff$340,000

Buyer Closing Credits

$4,038*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingAssigned
Year Built1973
HeatingElectric, Baseboard
BasementYes
MLS #11687323
StatusActive

About 508 W Washington Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Stories: 2
  • Living Area: 984 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (847) 234-8000
  • Listing Agent: John Josephitis

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Yes
  • Interior: Hardwood Floors, Laundry Hook-Up in Unit

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Storms/Screens, Outdoor Grill

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot: Landscaped

Utilities

Utilities Information:

  • Heating: Electric, Baseboard

School Info

Assigned Schools Information:

  • Lake Forest High School, Public District Grades 9-12
  • Lake Bluff Middle School, Public District Grades 6-8
  • Lake Bluff Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: ROUTE 176 W OF GREEN BAY, NORTH ON SHAGBARK TO WASHINGTON

Price Information

Listing Price Info

Price Summary:

  • List Price: $340,000
  • Price Per SqFt: $346/SqFt

HOA Fees:

  • Amount: $125
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $3,009
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11687323

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (847) 234-8000
  • Listing Agent: John Josephitis

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 4:15:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 13, 2021Home Sold
$50,000
Aug 13, 2021Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,009$47,159
2019$3,013$46,293
2018$2,669$42,274
2017$2,670$41,568

History based on county public records data.

Payment Calculator

$1,889

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,086

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2404400
8
/10

  • Lake Bluff Elementary School

  • 350 W Washington Ave

  • 0.75 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2404401
7
/10

  • Lake Bluff Middle School

  • 31 E Sheridan Pl

  • 1.40 miles

  • Public District Grades 6-8

High School

school-card-donut-2404402
8
/10

  • Lake Forest High School

  • 1285 N Mckinley Rd

  • 1.87 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,464. Most Lake County, IL residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 W Washington Ave

What is the listing price of this property?

The listing price of 508 W Washington Ave property is $340,000.

What type of property is this?

The property 508 W Washington Ave is a townhouse located in Lake Bluff, Illinois, 60044.

Is this property for sale now?

Active Listing: 508 W Washington Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 508 W Washington Ave are:
Lake Bluff Elementary School: GreatSchools Rating 8/10
Lake Bluff Middle School: GreatSchools Rating 7/10
Lake Forest High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,009 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 13, 2021 for $50,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 508 W Washington Ave has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 508 W Washington Ave is 984 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 508 W Washington Ave is 1973.

Rocket Homes›Illinois›Lake County›Lake Bluff›60044›508 W Washington Ave

This home is located at 508 W Washington Ave in Lake Bluff, IL and zip code 60044 in the Rockland Manor neighborhood. This 984 square foot home was built in 1973. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 13, 2022 and is currently priced at $340,000.

Lake County, IL housing market in March 2024 saw over 239 listings sold above listed price, more than 95 sold at listed price and over 239 sold below. Between February 2024 and March 2024, Lake County, IL real estate market has seen increase in the number of listings by 17.5%. In March 2024, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $353,665.

From Rocket Homes Real Estate and based on county public records data.

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