This Was Evanston’s Priciest Home Sale Of 2019
sold in Evanston last year was purchased for $2.7 million in November.
EVANSTON, IL — More than 430 homes worth nearly $256 million combined were purchased in Evanston during 2019, with average sale prices dipping for the first time in eight years, according to local real estate agents.
The median sale price for single-family detached homes in Evanston last year was $540,000 — just $10,000 short of the pre-recession peak it matched in 2018, according to data provided by the North Shore Barrington Association of Realtors.
Last year’s 1.82 percent decline was the first since median Evanston sale prices fell below $430,000 in 2011.
The most expensive house sold in Evanston last year is a Tudor mansion by architect Ernest Mayo, who designed of the Women’s Club of Evanston, the Hotel Moraine in Highland Park and many residential properties in Chicago and the suburbs.
Located on a 0.4-acre corner lot a block from the lakefront, the home was built in 1902 and last purchased for $2.7 million in November 2019.
According to its listing, the house “was meticulously renovated in 2009 to offer all the amenities of a newer home, while preserving the character of the original design.
The 6,500-square-foot interior includes three levels, six fireplaces, two garages, a wine cellar and a large deck with lake views, its listing said.
The property was last sold for $3.4 million in December 2006. It was first put up for sale in August 2019 with an asking price of $2.85 million.
According to Cook County records, its 2019 estimated market value for taxing purposes was $2.77 million. Its annual property tax bill exceeded $40,000.
Property records identify the seller as an engineering professor at Northwestern University and the buyer as “Leadership For International Finance & Enterprises,” a Williamsburg, Virginia-based LLC founded by a pioneering chief financial officer, author and professor.
The median closing price of homes sold in Evanston had been rising since 2011, when 84 fewer homes were sold and houses offered for sale remained on the market for an average of 145 days, by the North Shore Barrington Association of Realtors. The data showed single-family homes on the market last year in Evanston were listed for an average of 76 days before being sold, an increase of three days compared to 2018.
In December 2019, the median list price of homes for sale in Evanston was $391,750, an increase of more than 12 percent compared to a year earlier. The median sales last month was $365,000, up nearly 22.5 percent from same month in 2018, according to data from Realtor.Com, which considers Evanston a balanced housing market with a healthy equilibrium of supply and demand.
Sales data provided by the North Shore Barrington Association of Realtors, listing data courtesy Realtor.Com, see more recently sold Evanston homes.
Source: agen poker online