NOT LISTED FOR SALE

178 E Illinois Rd Lake Forest, IL 60045

Estimated Value: $931,000 - $1,463,000

3 Beds
2.5 Baths
2,300 Sq Ft
$489/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $880,000 $383 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $7,302/month

601 Days on Market

Highlights

  • Colonial Architecture
  • Mature Trees
  • Recreation Room
  • Sheridan Elementary School Rated A
  • Property is near park
  • Vaulted Ceiling

About This Home

As of April 2023

Located in Lake Forest's historic downtown area, this picturesque home blends the best of the charm and character of an older elegant home with many thoughtful improvements and upgrades over the years. Welcomed by a beautiful walkway gate you will be enchanted by the privacy, the 1/2 acre lot with mature trees and sweeping lawns, the side porch, and the lovely screened porch. Features include beautifully refinished hardwood floors, high ceilings, intricate moldings, and gorgeous windows. An interior rehab in 2010 included all 3 floors plus the finished basement with new flooring, a stunning new kitchen, 3 new baths, new electrical, light fixtures, beams in the primary suite, living room crown molding, new fireplace mantel, 2 furnaces and 2 a/c units. The exterior rehab in 2010 included new roof, gutters, landscaping, new garage door, exterior light fixtures, and shutters. A nicely flowing floor plan includes space for one and all to gather in the gracious formal living room, kitchen with island, pretty dining area, comfortable family room plus the 3rd floor bonus room/den and the spacious finished basement with rec rooms. Exterior was recently painted, new sump pump, new hot water heater. Enjoy the wonderful and convenient in town living near shopping, Metra train station, restaurants, schools, parks, open lands, and Lake Michigan! This is a rare opportunity to purchase a captivating home on a delightfully spacious property in East Lake Forest. Easy to show

Last Agent to Sell the Property

Daria Andrews

@properties Christie's International Real Estate License #475105041 Listed on: 06/22/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Cory Green

Compass License #475157727

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,361

Year Built

  • Built in 1915

Lot Details

  • 22,869 Sq Ft Lot
  • Lot Dimensions are 122 x 204 x 93 x 64 x 31 x 136
  • Partially Fenced Property
  • Mature Trees
  • Additional Parcels

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,300 Sq Ft Home
  • 3-Story Property
  • Historic or Period Millwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Bonus Room
  • Screened Porch
  • Wood Flooring
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Separate Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Location

  • Property is near park

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,361

Year Built

Built in 1915

Lot Details

0.52 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1915
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Hardwood Floors, Special Millwork
  • LivingArea: 2300
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: Bonus Room, Recreation Room, Screened Porch
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Fireplace Location: Living Room
  • Square Footage Comments: Basement is 1010 sq feet
  • Total Sq Ft: 0
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Lot Features: Mature Trees, Partial Fencing
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s), Sidewalks, Street Lights
  • 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: Yes
  • Lot Size Acres: 0.525
  • Lot Dimensions: 122 X 204 X 93 X 64 X 31 X 136
  • Rural (Y/N): N
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 16360.62
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Apr 18, 2023
Sold by
Catholic Bishop Of Chicago
Bought by
Sullivan Timothy Joseph
Seller's Agent
Daria Andrews
@properties Christie's International Real Estate
Buyer's Agent
Cory Green
Compass
List Price
$1,185,000
Sold Price
$880,000
Premium/Discount to List
-$305,000
-25.74%
Views
176
Current Estimated Value
$1,123,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,784
Avg. Annual Appreciation
8.70%
Original Mortgage
$704,000
Outstanding Balance
$684,073
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$439,711

Purchase Details

Closed on
Feb 19, 1994
Sold by
Coad Richard M and Coad Susan O
Bought by
Catholic Bishop Of Chicago
Source: Public Records
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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
Sullivan Timothy Joseph -- Chicago Title
Catholic Bishop Of Chicago $283,333 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Timothy Joseph $704,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2023 04/20/23 Sold $880,000 -4.9% $383 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
11/14/2022 11/14/22 Price Changed $925,000 -9.3% $402 / Sq Ft
09/08/2022 09/08/22 Price Changed $1,020,000 -6.8% $443 / Sq Ft
06/30/2022 06/30/22 Price Changed $1,095,000 -7.6% $476 / Sq Ft
06/24/2022 06/24/22 For Sale $1,185,000 +34.7% $515 / Sq Ft
06/16/2022 06/16/22 Off Market $880,000 -- --
06/22/2021 06/22/21 For Sale $1,249,000 -- $543 / 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 $16,696 $293,304 $156,865 $136,439
2023 $14,974 $265,281 $137,717 $127,564
2022 $14,974 $247,984 $128,738 $119,246
2021 $14,558 $245,846 $127,628 $118,218
2020 $14,232 $247,206 $128,334 $118,872
2019 $13,522 $242,668 $125,978 $116,690
2018 $13,828 $265,224 $169,128 $96,096
2017 $13,597 $260,791 $166,301 $94,490
2016 $13,048 $248,230 $158,291 $89,939
2015 $12,911 $233,738 $149,050 $84,688
2014 $12,182 $219,515 $133,816 $85,699
2012 $11,932 $221,419 $134,977 $86,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11131560

Midwest Real Estate Data (MRED)

APN: 12-33-118-025

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