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$475,000
● House - In Contract

11 Shagbark Road

Lake Bluff, IL 60044
bedrooms
2 Beds
bathrooms
1 Bath
square feet
888 Ft²
$2,738
Est. Monthly
4.28%
Cap Rate

About This Property

Value Is In The Land For Redevelopment.  Tenant Occupied. Consists Of 8 Skokie Valley Road Office Building, The Sunset Motel Located At 511 Rockland Road And One Single Family Home Located At 11 Shagbark Road. Owner prefers to sell this lot/home at 11 Shagbark with the other listing at 511 Rockland Road. 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. No interior showings for house unless buyer wishes to acquire both 11 Shagbark and 511 Rockland Road together.  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).v 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 could be 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
888 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$535
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1954

Listed By

John Josephitis
Coldwell Banker Realty

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Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Asphalt, Garage, Detached, Yes
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Appliances: Range, Refrigerator
Rooms: 5
Basement: Crawl Space
Exterior Details
Square Footage: 888
Square Footage Source: $0
Architectural Style: Ranch
Year Built: 1954
Construction Materials: Cedar
Lot Size Area: 18730.8
Lot Size Units: Square Feet
Lot Size Acres: 0.43
Lot Size Square Feet: 18730.8
Lot Size Dimensions: 108 X 180
Water Source: Public, Lake Michigan
Financial Details
Tax Annual Amount: $4,865
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

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
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

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

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 888
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROCKLAND MANOR
  • Land Acres: 0000000431
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ROCKLAND MANOR LOT 65

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: $348,270
  • 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 Price:
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 6564760
  • Previous Sale Recording Date: Dec 05, 2008
  • Previous Sale Contract Date: Nov 20, 2008
  • Previous Sale Document Type: 42
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rockland Manor


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Nearby Rentals

Unit for rent at 35 E North Avenue, Lake Bluff, IL, 60044

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  • 1 Bath
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35 E North Avenue #1, Lake Bluff, IL, 60044 Listing by Gregg Handrich


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 $479,750.
What are some comparable homes to 11 Shagbark Road?
There are currently no comparable homes to 11 Shagbark Road.

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