1080 Timber Ln Lake Forest, IL 60045
Estimated Value: $1,077,000 - $1,234,118
5
Beds
3.5
Baths
3,029
Sq Ft
$385/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Recreation Room
- Wood Flooring
- Cherokee Elementary School Rated A
- Wooded Lot
- Screened Porch
About This Home
As of March 2023Beautifully renovated Whispering Oaks 5-bedroom colonial with rare 3-car attached garage! Exceptional, like-new construction with luxurious finishes. Enter to find quality oak hardwood flooring on the 1st and 2nd levels. There is a stunning new kitchen, 3.1 renovated bathrooms, and a newly finished basement (with full bath). The gracious foyer, living room, dining room, and kitchen have an open circular flow, ideal for entertaining. The new chef's kitchen comes to life with an abundance of handcrafted cabinetry, quartz countertops, professional-grade Bosch appliances, and an oversized island with seating. The spacious family room has a wood-burning fireplace with rich millwork, and opens to a three-season screened porch. Upstairs there are 5 bedrooms, each with hardwood flooring and generous closets. The expansive primary suite has a walk-in closet with custom closet system, and spa-like en suite bathroom with double vanity and walk-in shower. The laundry room is conveniently located on the main level. Enter the light and bright basement with finished rec room, full bath and generous storage. Additional renovations include replacement of windows, doors, roof, new LP siding, sewer line, plumbing fixtures, electrical (including recessed fixtures w/Lutron lighting switches), and new security system. This east location is convenient to downtown Lake Forest, multiple Metra stations, Lake Michigan, bike trails and expressways. Cherokee Elementary School is only a few blocks away! Whispering Oaks is known for its majestic oaks, half-acre parcels and tree-lined streets. It is a fabulous place to live. Welcome home!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #471003447 Listed on: 09/19/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,091
Year Built
- Built in 1965 | Remodeled in 2022
Lot Details
- 0.47 Acre Lot
- Wooded Lot
Parking
- 3 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Space is Owned
Home Design
- Colonial Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,029 Sq Ft Home
- 2-Story Property
- Built-In Features
- Ceiling Fan
- Wood Burning Fireplace
- Family Room with Fireplace
- Living Room
- Formal Dining Room
- Recreation Room
- Screened Porch
- Wood Flooring
- Unfinished Attic
- Carbon Monoxide Detectors
Kitchen
- Double Oven
- Gas Cooktop
- Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Finished Basement Bathroom
Schools
- Cherokee Elementary School
- Deer Path Middle School
- Lake Forest High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- Lake Michigan Water
- Cable TV Available
Community Details
- Whispering Oaks Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 19, 2022
Closed on
Feb 28, 2023
Sold by
Ostoich Brent and Ostoich Teresa
Bought by
Zent Charles H and Gearhart Pamela A
Seller's Agent
Mona Hellinga
@properties Christie's International Real Estate
Buyer's Agent
Nancy Adelman
Compass
List Price
$1,195,000
Sold Price
$1,100,000
Premium/Discount to List
-$95,000
-7.95%
Total Days on Market
59
Views
145
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,280
Avg. Annual Appreciation
2.65%
Original Mortgage
$880,000
Outstanding Balance
$856,262
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$310,018
Purchase Details
Closed on
May 21, 2021
Sold by
I By Llc
Bought by
Ostoich Brent and Ostoich Teresa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 15, 2021
Sold by
Hadrick Evelyn J
Bought by
I By Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
2.7%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zent Charles H | $1,100,000 | Fidelity National Title | |
| Ostoich Brent | $515,000 | Chicago Title | |
| I By Llc | $430,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zent Charles H | $880,000 | |
| Previous Owner | Ostoich Brent | $412,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/06/2023 03/06/23 | Sold | $1,100,000 | -7.9% | $363 / Sq Ft |
| 11/18/2022 11/18/22 | Pending | -- | -- | -- |
| 09/19/2022 09/19/22 | For Sale | $1,195,000 | -- | $395 / 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 | $18,526 | $345,358 | $96,293 | $249,065 |
| 2023 | $13,561 | $295,927 | $82,511 | $213,416 |
| 2022 | $13,561 | $225,664 | $86,882 | $138,782 |
| 2021 | $8,091 | $217,570 | $83,766 | $133,804 |
| 2020 | $7,865 | $218,028 | $83,942 | $134,086 |
| 2019 | $7,513 | $217,658 | $83,800 | $133,858 |
| 2018 | $7,244 | $252,320 | $88,821 | $163,499 |
| 2017 | $7,124 | $251,515 | $88,538 | $162,977 |
| 2016 | $12,087 | $242,004 | $85,190 | $156,814 |
| 2015 | $11,881 | $227,383 | $80,043 | $147,340 |
| 2014 | $7,506 | $232,819 | $80,617 | $152,202 |
| 2012 | $7,005 | $230,765 | $79,906 | $150,859 |
Source: Public Records
Agents Affiliated with this Home
-
Mona Hellinga
Seller's Agent in 2023
Mona Hellinga
@ Properties
(847) 814-1855
108 Total Sales
-
Flor Hasselbring
Seller Co-Listing Agent in 2023
Flor Hasselbring
Compass
(847) 997-1901
64 Total Sales
-
Nancy Adelman
Buyer's Agent in 2023
Nancy Adelman
Compass
(847) 338-5068
95 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11632914
APN: 16-09-210-018
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