1041 Newcastle Dr Lake Forest, IL 60045
4
Beds
7
Baths
5,635
Sq Ft
1.4
Acres
Highlights
- Home Theater
- 1.4 Acre Lot
- Family Room with Fireplace
- Everett Elementary School Rated A
- Landscaped Professionally
- Recreation Room
About This Home
As of August 2025Home is being sold pursuant to a short sale. NEW Brava synthetic roof and gutters will be included and installed prior to closing! Exhibiting unparalleled style and sophistication, this exquisite home has undergone a stunning renovation by acclaimed interior designer Megan Winters. Ideally situated at the end of a quiet cul-de-sac, this distinguished residence is situated on 1.4 acres and has been masterfully reinvented inside and out. A crushed bluestone driveway and walkway lead you to the entrance. Upon entering the grand foyer, you are immediately captivated by the striking designer light fixtures, soaring ceilings, exquisite millwork, and a chic, timeless design. Perfect for entertaining, the first floor features multiple gracious rooms including a beautiful living room with a French limestone surround fireplace, an elegant dining room with wainscoting, and a grand family room with vaulted ceiling, fireplace, and French doors opening to the back patio and pergola. The centerpiece of the home is the phenomenal chef's kitchen, extensively renovated in 2015 with Bona Fide cabinetry, an extra-thick marble island with seating, high-end appliances, and much more. Conveniently located off the 3-car heated garage is a renovated mudroom with cubbies and ample storage. Additionally, the first floor includes a separate den that can serve as a home office, library, or playroom. Two staircases lead to the second floor, where you'll find 4 bedrooms, including an exceptional primary suite. The primary suite is a private retreat featuring a spacious sitting room, 2 walk-in closets, a luxurious primary bathroom, and an additional bonus room ideal as an office, exercise room, or additional closet space. Each of the three additional family bedrooms on the second floor boasts an ensuite bathroom and walk-in closet. The lower level of this remarkable home was fully finished in (year) and offers a large recreation room, a media room with fireplace, office, exercise room, 5th bedroom, and full bathroom. Step outside to the beautifully renovated outdoor space, featuring an expansive, fully fenced backyard, bluestone patio, pergola, and meticulously landscaped grounds offering complete privacy. Centrally located with easy access to shopping, restaurants, highways, and downtown Lake Forest, this stunning home truly offers the perfect blend of masterful design, functional flow, privacy, and convenience. Home is being sold "as-is" with no credits provided and no survey provided. All offers must have 100% Tax Proration, no survey provided, as is, and Short Sale Addendum to contract 8.0.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475187264 Listed on: 04/22/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $29,333
Year Built
- Built in 2001 | Remodeled in 2016
Lot Details
- 1.4 Acre Lot
- Lot Dimensions are 266x270x380x81
- Cul-De-Sac
- Landscaped Professionally
- Paved or Partially Paved Lot
HOA Fees
- $25 Monthly HOA Fees
Parking
- 3 Car Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Shake Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,635 Sq Ft Home
- 2-Story Property
- Bar Fridge
- Wood Burning Fireplace
- Gas Log Fireplace
- Mud Room
- Entrance Foyer
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Sitting Room
- Breakfast Room
- Formal Dining Room
- Home Theater
- Home Office
- Library
- Recreation Room
- Home Gym
- Full Attic
Kitchen
- Double Oven
- Range with Range Hood
- Microwave
- High End Refrigerator
- Freezer
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Potential Bedrooms
- Walk-In Closet
- Whirlpool Bathtub
- Steam Shower
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Fireplace in Basement
- Finished Basement Bathroom
Home Security
- Home Security System
- Intercom
Eco-Friendly Details
- Air Purifier
Schools
- Everett Elementary School
- Deer Path Middle School
- Lake Forest High School
Utilities
- Forced Air Heating and Cooling System
- Two Heating Systems
- Heating System Uses Natural Gas
- 200+ Amp Service
- Lake Michigan Water
- Water Softener is Owned
- Cable TV Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 11, 2008
Sold by
Gallo Frank J and Gallo Suzanna
Bought by
Bury George W and Bury Andrea K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$685,708
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,293,315
Purchase Details
Closed on
Oct 2, 2003
Sold by
Gallo Frank J and Gallo Suzanna
Bought by
Gallo Frank J and Gallo Suzanna
Purchase Details
Closed on
Jan 19, 2001
Sold by
Andre Jeffrey D
Bought by
Gallo Frank J and Gallo Suzanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
7.12%
Purchase Details
Closed on
Jul 30, 1999
Sold by
Carroll International Corp
Bought by
Andre Jeffrey D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
8%
Mortgage Type
Construction
Similar Homes in Lake Forest, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,825,000 | First American Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $1,425,000 | -- | |
| Warranty Deed | $329,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $248,000 | Unknown | |
| Previous Owner | $275,000 | Unknown | |
| Previous Owner | $999,000 | No Value Available | |
| Previous Owner | $1,120,000 | Construction | |
| Previous Owner | $263,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Sold | $2,045,243 | +3.6% | $363 / Sq Ft |
| 04/26/2025 04/26/25 | Pending | -- | -- | -- |
| 04/22/2025 04/22/25 | For Sale | $1,975,000 | -- | $350 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $29,333 | $488,459 | $161,436 | $327,023 |
| 2023 | $29,333 | $468,771 | $154,929 | $313,842 |
| 2022 | $31,077 | $523,590 | $181,306 | $342,284 |
| 2021 | $29,384 | $504,811 | $174,803 | $330,008 |
| 2020 | $28,622 | $505,873 | $175,171 | $330,702 |
| 2019 | $27,678 | $505,015 | $174,874 | $330,141 |
| 2018 | $28,812 | $565,251 | $185,352 | $379,899 |
| 2017 | $28,138 | $563,448 | $184,761 | $378,687 |
| 2016 | $27,283 | $542,141 | $177,774 | $364,367 |
| 2015 | $26,884 | $509,388 | $167,034 | $342,354 |
| 2014 | $26,203 | $502,982 | $168,229 | $334,753 |
| 2012 | $25,299 | $484,673 | $166,745 | $317,928 |
Source: Public Records
Agents Affiliated with this Home
-
Samantha Trace
Seller's Agent in 2025
Samantha Trace
@ Properties
(847) 571-0537
87 in this area
150 Total Sales
-
Lisa Trace
Seller Co-Listing Agent in 2025
Lisa Trace
@ Properties
(708) 710-4104
111 in this area
183 Total Sales
-
Paul Mancini
Buyer's Agent in 2025
Paul Mancini
@ Properties
(630) 267-1899
1 in this area
249 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12345166
APN: 16-06-403-054
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