Historic North Shore Estate 2009

David Adler Estate • Lake Bluff, IL

Historic Preservation Easement Valuation

Clarion Associates provided consulting and valuation services related to a donation of a preservation easement on an historic lakefront estate in Lake Bluff, Illinois. The property protected by the preservation easement included a large tract of land, numerous historic structures designed by the noted architect David Adler and extensive landscaping and gardens.

Scope of Services Provided

  • Determined the fair market value “before and after” the grant of a preservation easement on the subject property utilizing appropriate techniques and methodologies;
  • Reviewed and analyzed zoning, planning, land use, and historic preservation regulations and restrictions affecting the property;
  • Collected and analyzed comparable sales of unimproved and improved properties, including sales of architecturally significant residences, and sales of properties encumbered by preservation easements in the market area.

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