NOT LISTED FOR SALE

1220 Elm Tree Rd Lake Forest, IL 60045

Estimated Value: $2,409,000 - $2,588,000

4 Beds
5 Baths
4,180 Sq Ft
$595/Sq Ft Est. Value

Sale Details

Date Sold: July 19, 2022

Last sale price $2,050,000 $490 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $16,575 / mo

391 Days on Market

Highlights

  • Spa
  • 1.45 Acre Lot
  • Landscaped Professionally
  • Sheridan Elementary School Rated A
  • Open Floorplan
  • Mature Trees

About This Home

As of July 2022

Fantastic estate is reminiscent of a luxury Italian villa two blocks from Lake Michigan. Situated on a 1.45-acre parcel in one of Lake Forest's most exclusive neighborhoods, surrounded by beautiful homes, winding roads, and mature trees. Serene and exquisitely renovated home showcases elegant high-end finishes and a terrific floorplan. A welcoming foyer has a checkerboard marble floor and a doorway leading to the open living/dining room concept. This voluminous room has an 11' beamed ceiling, two custom limestone fireplaces with marble hearths and oak overmantels, 5" quarter sawn oak hardwood floors (both levels), and French doors that overlook the beautiful rear yard and terrace. A serene sunroom overlooks the South garden, with a fountain and whirlpool. To the north end of the home, a home office with wood-paneled walls overlooking the rear terrace and private yard. The designer kitchen features crisp white O'Brien Harris cabinetry, marble counters, backsplashes, a custom island with maple butcher block top and marble ends, Edgar Berebi hardware, Wolf range, SubZero refrigerator/freezer, and Shaw bar sink. The second level has four bedrooms, three renovated bathrooms, and two dressing rooms, all with treetop views of the property. The primary bedroom suite renovated in 2013. It is complete with a fireplace, Bagues sconces, custom closets/doors with Berebi hardware, and a dressing room with lovely built-in dressers, shoe drawers, and a settee. The bath has a double marble vanity, and wet room with copper tub, heated towel racks and separate shower. Top to bottom, the owner has gone to great lengths to meticulously restore this one-of-a-kind home! Truly a unique offering!

Last Agent to Sell the Property

Mona Hellinga

@properties Christie's International Real Estate License #471003447 Listed on: 05/16/2021

@properties Christie's International Real Estate

Co-Listed By

Flor Hasselbring

Compass License #475141335

Last Buyer's Agent

Jennifer Joyce

Coldwell Banker Realty License #475168433

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,463

Year Built

  • Built in 1921 | Remodeled in 2014

Lot Details

  • 1.45 Acre Lot
  • Cul-De-Sac
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Mature Trees

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Parking Included in Price

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,180 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Historic or Period Millwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Family Room Downstairs
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Library
  • Heated Sun or Florida Room
  • Tandem Room
  • Wood Flooring
  • Carbon Monoxide Detectors

Kitchen

  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Storage

Outdoor Features

  • Spa
  • Patio

Schools

  • Sheridan Elementary School
  • Deer Path Middle School
  • Lake Forest High School

Utilities

  • SpacePak Central Air
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Power Generator
  • Lake Michigan Water
  • Multiple Water Heaters
  • Cable TV Available

Community Details

  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,463

Year Built

Built in 1921 | Remodeled in 2014

Lot Details

1.45 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Mediterranean
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1921
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2014
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2014

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Gas Log, Gas Starter
  • Fireplaces: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, Historic/Period Mlwk, Open Floorplan
  • LivingArea: 4180
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Generator, Multiple Water Heaters
  • Room Type: Library, Tandem Room, Heated Sun Room, Family Room, Foyer, Walk In Closet
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished,Exterior Access,Rec/Family Area,Storage Space
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Family Room,Living Room,Master Bedroom
  • Total Sq Ft: 0
  • Bathroom: Full,Double Sink,Tub & Separate Shwr

Exterior Features

  • ExteriorFeatures: Patio, Hot Tub
  • Foundation Details: Concrete Perimeter
  • Lot Features: Cul-De-Sac, Irregular Lot, Landscaped, Mature Trees
  • Roof: Tile
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Side Apron, Driveway
  • ParkingTotal: 3
  • Number of Cars: 5
  • Driveway: Asphalt,Circular
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned
  • Type: Eating Area-Breakfast Bar,Island,Pantry-Butler,Pantry-Closet,Custom Cabinetry,Updated Kitchen

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Space Pac
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Steam
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Lake, Curbs, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Sheridan Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Deer Path Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.45
  • Lot Dimensions: 1.45
  • Rural (Y/N): N
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 33462.92
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2021
Closed on
Jul 19, 2022
Sold by
Collins John P and Collins Kathryn S
Bought by
Shestopal Fred and Shestopal Lijana
Seller's Agent
Mona Hellinga
@properties Christie's International Real Estate
Buyer's Agent
Jennifer Joyce
Coldwell Banker Realty
List Price
$2,295,000
Sold Price
$2,050,000
Premium/Discount to List
-$245,000
-10.68%
Current Estimated Value
$2,489,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,182
Avg. Annual Appreciation
5.40%
Original Mortgage
$1,435,000
Outstanding Balance
$1,362,718
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$1,126,464

Purchase Details

Closed on
Nov 14, 2007
Sold by
Heller David B
Bought by
Collins John P and Collins Kathryn S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2006
Sold by
Heatwole Mark M and Heatwole Sarah C
Bought by
Heller David B

Purchase Details

Closed on
Jun 8, 2000
Sold by
First Bank & Trust Company
Bought by
Heatwole Mark M and Heatwole Sarah C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shestopal Fred $2,050,000 Chicago Title
Collins John P $2,100,000 Chicago Title Insurance Co
Heller David B $2,850,000 Ct
Heatwole Mark M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shestopal Fred $1,435,000
Previous Owner Collins John P $1,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2022 07/19/22 Sold $2,050,000 -10.7% $490 / Sq Ft
06/11/2022 06/11/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $2,295,000 0.0% $549 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
04/29/2022 04/29/22 Price Changed $2,295,000 -4.2% $549 / Sq Ft
04/04/2022 04/04/22 Price Changed $2,395,000 -9.6% $573 / Sq Ft
05/16/2021 05/16/21 For Sale $2,650,000 -- $634 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $38,036 $664,283 $414,951 $249,332
2023 $35,208 $612,355 $382,514 $229,841
2022 $35,208 $589,100 $367,987 $221,113
2021 $34,229 $584,019 $364,813 $219,206
2020 $33,463 $587,249 $366,831 $220,418
2019 $31,792 $576,469 $360,097 $216,372
2018 $18,568 $655,257 $482,236 $173,021
2017 $33,279 $644,304 $474,175 $170,129
2016 $31,922 $651,295 $451,337 $199,958
2015 $33,544 $671,340 $424,988 $246,352
2014 $31,223 $568,550 $381,553 $186,997
2012 $30,598 $573,482 $384,863 $188,619
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11072687

Midwest Real Estate Data (MRED)

APN: 12-28-208-007

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