NOT LISTED FOR SALE

1050 Melody Rd Lake Forest, IL 60045

Estimated Value: $2,207,000 - $3,595,000

4 Beds
5.5 Baths
6,580 Sq Ft
$434/Sq Ft Est. Value

Last Sold June 01, 2015

Last sale price $6,000,000 $912 Per Sq Ft

Current estimated payment $19,508/month

264 Days on Market

Highlights

  • 21.19 Acre Lot
  • Contemporary Architecture
  • Wood Flooring
  • Deer Path Middle School East Rated A
  • Family Room with Fireplace
  • Bonus Room

About This Home

As of June 2015

Sophisticated Walter Frasier home set on 21 majestic acres. Tastefully updated & enjoys a modern floor plan & amenities. Master suite features a private library & elegant his/her baths. Spectacular property with bluestone terraces, garden walls, fountain & pond. Over 9 nine acres of conservation easement decreases tax burden. Includes 1030 Melody: Ike Colburn designed 3 bed guest house w/ 2 car garage.

Last Agent to Sell the Property

Suzanne Myers

Coldwell Banker Realty License #475134171 Listed on: 07/21/2014

Coldwell Banker Realty

Last Buyer's Agent

Nancy Adelman

Compass License #475123518

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,382

Year Built

  • Built in 1955

Lot Details

  • 21.19 Acre Lot
  • Additional Parcels

Parking

  • 4 Car Detached Garage
  • Heated Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Contemporary Architecture

Interior Spaces

  • 6,580 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Formal Dining Room
  • Den
  • Library
  • Bonus Room
  • Sun or Florida Room
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Double Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Bathroom on Main Level
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Everett Elementary School
  • Deer Path Middle School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,382

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1955
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rehab (Y/N): Yes
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer
  • Basement: Partial
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 6580
  • Room Type: Bonus Room, Den, Library, Sun Room
  • Basement Description: Unfinished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room

Exterior Features

  • List Price: 7200000
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Driveway: Asphalt
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air, Zoned
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: EVERETT ELEMENTARY SCHOOL
  • Middle/Junior School: DEER PATH MIDDLE SCHOOL
  • Middle/Junior School District: 67

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 21.19
  • Lot Dimensions: 21.19
  • Lot Size: 10+ Acres
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 46382.18
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2014
Closed on
May 29, 2015
Sold by
Melody Road Llc
Bought by
Chicago Title Land Trust Company and Trust #8002367728
Seller's Agent
Suzanne Myers
Coldwell Banker Realty
Buyer's Agent
Nancy Adelman
Compass
List Price
$7,200,000
Sold Price
$6,000,000
Premium/Discount to List
-$1,200,000
-16.67%
Current Estimated Value
$2,854,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,145,466
Avg. Annual Appreciation
-7.10%

Purchase Details

Closed on
Oct 23, 2012
Sold by
Donnelley Robert G and Donnelley Miranda S
Bought by
Donnelley Robert G and Donnelley Miranda S
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chicago Title Land Trust Company $6,000,000 Ct
Donnelley Robert G -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2015 06/01/15 Sold $6,000,000 -16.7% $912 / Sq Ft
04/11/2015 04/11/15 Pending -- -- --
07/21/2014 07/21/14 For Sale $7,200,000 -- $1,094 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $47,820 $822,543 $345,675 $476,868
2023 $42,901 $758,244 $318,653 $439,591
2022 $42,901 $708,803 $297,875 $410,928
2021 $40,678 $702,690 $295,306 $407,384
2020 $40,782 $706,576 $296,939 $409,637
2019 $38,857 $693,605 $291,488 $402,117
2018 $37,773 $721,332 $434,014 $287,318
2017 $37,204 $709,274 $426,759 $282,515
2016 $35,713 $675,113 $406,205 $268,908
2015 $34,062 $635,700 $382,491 $253,209
2014 $34,093 $633,197 $343,400 $289,797
2012 $32,911 $638,690 $346,379 $292,311
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08678549

Midwest Real Estate Data (MRED)

APN: 12-31-400-020