A 33-acre horse farm in Barrington Hills sold in late February for $1.8 million.
Known as TLC Farm and originally known as Bank Note Farm, the horse farm’s acreage is unusually large for private residential property in Cook County. It has a four-bedroom, 2,921-square-foot home that was built in 1943, two stables with 20 horse stalls, paddocks, a garage, outbuildings, fenced pastures, and a pond with an exercise track. One of the sheds on the property is almost 100 years old and is known as a bank shed, with a ramp to a second level.
Public records show that seller Allen Cullen paid $1 million for the horse farm in 2001.
The horse farm had been on and off the market for more than six years. Cullen first listed it for $3.65 million in 2015 and lowered its asking price to $3.4 million the following year. He then lowered his asking price to $2.9 million, $2.7 million and $2.6 million before taking the farm off the market in 2020.
Cullen put the horse farm back up for sale in September 2021 for $2.29 million.
The buyers of the horse farm, who bought the property through an Illinois limited liability company, asked to remain anonymous. They told Elite Street that they do not intend to subdivide the property and instead plan to continue using the property as a horse farm, restore the old stable to a more functional state, plant native grasses in the fields and preserve wetlands. on the property.
The horse farm had a property tax bill of $12,998 in tax year 2020.
Goldsborough is a freelance reporter.
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