A picture perfect home nestled on a separate but adjoining lot to the main house in the village of Libertyville, IL. A winding road leads to a captivating residence with all the amenities, including a three car plus garage. Garden lovers will relish over eighty varieties of flowering plants as they meander along the brick walkway outside the front entrance.
The downstairs living room has a beamed ceiling and plenty of light to see the approximately one acre of mature trees. The kitchen is cozy with its red oak wood floor. The first floor has one bedroom with a walk-in closet. No steps needed to enjoy the downstairs accommodations.
The upstairs family/dining room has an open feeling with a bedroom and bathroom. The upper living quarters is a perfect place for family, friends, or care givers to live. The combined properties make a once in a life time opportunity for the buyer with impeccable taste and appreciation of estate living.
309 Carriage Hill Circle is a single family located in Carriage Hill Park in Lake County, IL. The two assigned schools for this property are located in Libertyville School District 70 (0.3 mi) and Libertyville High School 128 School District (1.3 mi). Both school districts are rated 10.
Year Built: 1918, Renovated and additions made by David Adler, 1930
House Size: 1,760 sq ft
Lot Size: 0.966 acres
Garage: 3 car heated, 2 horse stalls, + 500 feet storage area
Heating: Central gas boiler/AC heat pump/Electric
Roof: Cedar shake
Cooling: 2 units, lower and upper floors
You may wish to keep the Coach House as the residence for an extended family, aging parents, caretaker or perhaps a nanny. Or, you can decide to continue it as an investment property as we did beginning in 1985. We began by furnishing the Coach House and offered it to people who not only wanted furnished housing but also needed flexible terms. This means that, in the past, we offered rental terms as short as 30 days. We don’t always do that today. Often clients rent for periods of six months to a year.
On the management side of it, there are marketing activities, advertising, leases and maintenance. But the key to why this was so successful over the years is the absolute romance involved with the location. They say in real estate that it’s all about location, location, location and we could not agree more.
The Coach House is nestled in the woods, close to downtown Libertyville, but is a world away from the daily hassle that corporate executives encounter. There are large, mature pine trees nearby, a heated garage space and nice, neighboring homes you see when you come and go from work.
There are many personal benefits of renting to people who need short-term, furnished housing. First of all, we have met many interesting people from all over the world during the years and had zero collection issues! The residents take very good care of the house and many enjoy nurturing a plant or two in the nearby garden during their stay.
Since 1985, the coach house has funded the construction of a 6-flat apartment, the purchase of a 24-unit building and the purchase of two additional single family homes. The rental income drives plenty of room to invest in other things important to living as well.
The cost of temporary housing keeps going up and is based on nightly rates that local hotels charge and corporate furnished housing providers charge. With the coach house, you have that one-of-a-kind location that demands high market rents. We encourage you to shop the market for other short-term housing in the area. You will quickly to prove this to yourself.
Yes, you can get two homes for the price of one and then some.
Closing sale of the Main House and Coach House must occur at the same time.
* Main House sold as partially furnished
** Coach House sold as fully furnished