Real Estate

Dentists Buy Vacant Lot In Deerfield For $320,000

The 0.4-acre property was purchased this month for nearly 40 percent more than its sale price less than four years ago.

A vacant lot at 1427 Somerset Ave. in Deerfield recently sold for $320,000.
A vacant lot at 1427 Somerset Ave. in Deerfield recently sold for $320,000. (Street View)

DEERFIELD, IL — A 0.41-acre vacant lot in northwest Deerfield was sold earlier this month for $320,000, as a pair of dentists closed on the purchase of the land on March 1, according to county property records.

Prior to that, the property was last sold for $231,000 in June 2015 to an entity controlled by Highland Park-based Red Rock Development. Owner Matt Pollack has not responded to a request for comment about the property.

The lot formerly housed a single-story home built in 1927 and a garage, which were listed as being in tear-down and as-is conditions, respectively. The land is valued at under $160,000 for taxing purposes, according to the Lake County Assessor's Office.

Find out what's happening in Deerfieldfor free with the latest updates from Patch.

Demolished 1927 ranch house that formerly stood at 1427 Somerset Ave. (Lake County Assessor's Office)

A sale is pending on a neighboring home to the property's east. Built in 1958, and located on a 0.82-acre double lot, it sold for $500,000 in July 2014, was listed for $450,000 in June 2018 and is pending sale after its price was dropped to $350,000 last month.

Next to the $320,000 vacant lot, a sale is pending on a 1958 traditional-style home at 1421 Somerset Ave. that had been listed for $350,000. (Realtor.com)

Local school districts include Wilmot Elementary School and Caruso Middle School.

Find out what's happening in Deerfieldfor free with the latest updates from Patch.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

More from Deerfield