NOT LISTED FOR SALE

1320 Elm Tree Rd Lake Forest, IL 60045

Estimated Value: $2,950,000 - $3,473,000

5 Beds
8 Baths
5,322 Sq Ft
$618/Sq Ft Est. Value

Last Sold June 11, 2024

Last sale price $3,100,000 $582 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $21,417/month

17 Days on Market

Highlights

  • In Ground Pool
  • Heated Floors
  • Landscaped Professionally
  • Sheridan Elementary School Rated A
  • Colonial Architecture
  • Fireplace in Primary Bedroom

About This Home

As of June 2024

Showings start May 18th. Located on one of the coveted streets in Lake Forest, this special home designed by noted architect, Robert Seyfarth is walking distance to Sheridan School, Lake Forest High School, Market Square and one block from Lake Michigan. This home is the perfect blend between classic styling and yet very adaptable to the needs of today's modern living! The gracious living room easily handles two seating areas, one which surrounds the fireplace. The foyer, dining room and living room, all open to the screened porch overlooking the lap pool and the bluestone patio set up to enjoy the south west exposure, perfect for entertaining on warm summer nights. Adjacent to the living room is a sumptuous den that benefits from a fireplace, making it an ideal place to gather the family or escape to read a yummy novel. The generous dining room with its boxed bay window easily allows for two seating areas. A custom wall covering depicts scenes from early American farm life. An expansive butlers pantry has a dishwasher, two Sub Zero refrigerator drawers, and an ice maker. The china storage is amazing! The entrance to the Kitchen Family Room is flanked by concealed deep pantry closets, a mud room with a Dutch door, perfect for a wet dog, as well as an informal powder room. The kitchen was previously renovated and expanded to include a spacious island with breakfast bar, gourmet appliances, table space seating for 8 and a seating area complete with window seats surrounding the fireplace with lavender delft tiles. Two doors open to the patio and the organic vegetable garden. The second floor primary bedroom presently is in a wing unto itself, including a charming sitting room with access to the new Trex rooftop deck above the screen porch, a perfect place for the home office. Two separate dressing and bathrooms which share a common shower, and are completed by a secondary stackable laundry as well. The bedroom is comfortable with the 4th fireplace, plantation shutters throughout the suite. Four additional family bedrooms each with their own baths make up the balance of the second floor. An additional laundry room and an entrance to the walk up floored attic complete the floor. A storage room and 3rd laundry are in the basement, reached through the two car garage. The yard and parking court were designed by Craig Bergmann, and include an organic veggie garden and were designed to be low maintenance. All windows had been replaced with thermal panes, new boiler, new dishwasher, new wine refrigerator, 3 new bathroom renovations, new Trex decking, and a new bluestone walk to the pool.

Last Agent to Sell the Property

Marina Carney

Compass License #475123100 Listed on: 05/17/2024

Compass

Co-Listed By

Andrew Mrowiec

Compass License #471004617

Last Buyer's Agent

Patrick Milhaupt

Jameson Sotheby's International Realty License #475182744

Jameson Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,637

Year Built

  • Built in 1925 | Remodeled in 2012

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 192x186
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Shake Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 5,322 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Sitting Room
  • Formal Dining Room
  • Den
  • Screened Porch
  • Unfinished Basement
  • Partial Basement
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Breakfast Bar
  • Range
  • Dishwasher

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Dual Sinks
  • Whirlpool Bathtub

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • 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
  • 400 Amp
  • 200+ Amp Service
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,637

Year Built

Built in 1925 | Remodeled in 2012

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2012
  • Rebuilt Year: 2012
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2012

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Partial
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bathrooms: 8
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 4
  • Interior Amenities: Hardwood Floors, Heated Floors, Second Floor Laundry
  • LivingArea: 5322
  • Other Equipment: Security System, Sprinkler-Lawn
  • Room Type: Bedroom 5, Den, Screened Porch, Foyer, Eating Area, Sitting Room
  • Estimated Total Finished Sq Ft: 5322
  • Basement Description: Unfinished
  • Bathroom Amenities: Whirlpool,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 5322
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Other
  • Total Sq Ft: 7054
  • Attic: Interior Stair
  • Main Level Sq Ft: 5322
  • Unfinished Lower Sq Ft: 1732
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Porch, In Ground Pool
  • Foundation Details: Concrete Perimeter
  • List Price: 3150000
  • Lot Features: Landscaped
  • Roof: Shake
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Gravel,Circular
  • Garage Details: Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Space Pac
  • Electric: 200+ Amp Service, Service - 400 Amp or Greater
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Paved
  • Master Association Fee: No
  • 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
  • Middle/Junior School District: 67

Lot Info

  • Lot Size Acres: 0.6699
  • Lot Dimensions: 192X186
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 48637.08
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 7, 2024
Sold by
Gebauer Gernot and Gebauer Nicole Selenko
Bought by
Trust No 9002345942 and Chicago Title Land Trust
Seller's Agent
Marina Carney
Compass
Buyer's Agent
Patrick Milhaupt
Jameson Sotheby's International Realty
List Price
$3,150,000
Sold Price
$3,100,000
Premium/Discount to List
-$50,000
-1.59%
Views
37
Current Estimated Value
$3,288,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,035
Avg. Annual Appreciation
5.73%

Purchase Details

Listed on
Mar 14, 2019
Closed on
Feb 27, 2020
Sold by
Mckenna William J and Mckenna Molly C
Bought by
Gebauer Gemot and Gebauer Nicole Selenko
Seller's Agent
Marina Carney
Compass
Buyer's Agent
Sue Carey
Baird & Warner
List Price
$2,495,000
Sold Price
$2,200,000
Premium/Discount to List
-$295,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$600,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 1994
Sold by
Adams John Q and Adams Anne D
Bought by
Mckenna William J and Mckenna Molly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
8.5%
Source: Public Records

Range of Values:

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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
Trust No 9002345942 $3,100,000 Chicago Title
Gebauer Gemot $2,200,000 Chicago Title
Mckenna William J $1,175,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gebauer Gemot $600,000
Previous Owner Mckenna William J $597,000
Previous Owner Mckenna William J $597,500
Previous Owner Mckenna William J $575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2024 06/11/24 Sold $3,100,000 -1.6% $582 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $3,150,000 +43.2% $592 / Sq Ft
02/27/2020 02/27/20 Sold $2,200,000 -11.8% $413 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $2,495,000 -- $469 / 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 $48,637 $889,368 $242,636 $646,732
2023 $48,637 $780,805 $213,018 $567,787
2022 $43,709 $729,893 $199,128 $530,765
2021 $42,495 $723,598 $197,411 $526,187
2020 $41,543 $727,600 $198,503 $529,097
2019 $39,469 $714,244 $194,859 $519,385
2018 $37,545 $726,150 $263,390 $462,760
2017 $37,191 $714,012 $258,987 $455,025
2016 $34,096 $679,623 $246,513 $433,110
2015 $33,637 $639,946 $232,121 $407,825
2014 $32,644 $618,936 $208,398 $410,538
2012 $28,802 $624,305 $210,206 $414,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12044352

Midwest Real Estate Data (MRED)

APN: 12-28-206-012