By Bob Goldsborough
Chicago Tribune
A 33-acre horse farm in Barrington Hills sold in late February for $1.8 million.
Known as the TLC Farm and originally known as Bank Note Farm, the horse farm’s acreage is unusually large for a privately owned, residential property in Cook County. It has a four-bedroom, 2,921-square-foot house that was built in 1943, two barns with 20 horse stalls, paddocks, a garage, outbuildings, fenced pastures and a pond with an exercise track. One of the property’s barns is almost 100 years old and is known as a bank barn, 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 placed it for sale for $3.65 million in 2015 and cut his asking price to $3.4 million the following year. He then reduced his asking price to $2.9 million, $2.7 million and $2.6 million before taking the farm off the market in 2020.
Cullen relisted the horse farm in September 2021 for $2.29 million.
The horse farm’s buyers, 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 vintage barn to a more functional state, plant native grasses in the fields and preserve the wetlands on the property.
The horse farm had a $12,998 property tax bill in the 2020 tax year.
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