Seller's Agent in 2021
Jonathan Ernest
Berkshire Hathaway HomeServices Chicago
(617) 784-5471
9 Total Sales
1971 Merritt Ln Lake Forest, IL 60045
Estimated Value: $411,453 - $2,316,000
1.32
Acres
$798,094
Price per Acre
57,499
Sq Ft Lot
About This Lot
As of September 2021RARE OPPORTUNITY TO BUY A WOODED AND PRIVATE 1.32 ACRE LOT IN THE PRESTIGIOUS WINDRIDGE SUBDIVISION IN LAKE FOREST. GREAT LOT IS IN A SECLUDED CUL-DE-SAC SETTING WITH A WIDE BUILDING PAD FOR YOUR DREAM HOME. SOUTH-FACING LOT ALLOWS FOR A SUN-FILLED HOME.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Chicago License #475167946 Listed on: 01/21/2016
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,134
Lot Details
- 1.32 Acre Lot
- Property is zoned SINGL
Schools
- Everett Elementary School
- Deer Path Middle School
- Lake Forest High School
Utilities
- Electricity To Lot Line
- Gas Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 8, 2022
Sold by
Jay M Ehrlich Revocable Trust
Bought by
Ehrlich Jay M and Ehrlich Michelle
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,734,000
Outstanding Balance
$1,651,362
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
-$485,606
Purchase Details
Listed on
Jan 21, 2016
Closed on
Sep 8, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Ehrlich Jay M and The Jay M Ehrlich Revocable Tr
Seller's Agent
Jonathan Ernest
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Jeffery Ohm
Premier Realty Group, Inc.
List Price
$700,000
Sold Price
$325,000
Premium/Discount to List
-$375,000
-53.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.20%
Purchase Details
Closed on
Mar 30, 2000
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Cole Taylor Bank and Trust #00-8508
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ehrlich Jay M | -- | Ehrlich Jay M | |
| Ehrlich Jay M | $325,000 | First American Title | |
| Cole Taylor Bank | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ehrlich Jay M | $1,734,000 | |
| Previous Owner | Chicago Title Land Trust | $400,000 | |
| Previous Owner | Chicago Title Land Trust Company | $400,000 | |
| Previous Owner | Chicago Title Land Trust Company | $720,000 | |
| Previous Owner | Cole Taylor Bank | $2,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2021 09/13/21 | Sold | $325,000 | -7.1% | -- |
| 07/21/2021 07/21/21 | Pending | -- | -- | -- |
| 12/28/2019 12/28/19 | Price Changed | $350,000 | -12.5% | -- |
| 03/19/2019 03/19/19 | Price Changed | $400,000 | -5.9% | -- |
| 02/05/2019 02/05/19 | Price Changed | $425,000 | -10.5% | -- |
| 10/17/2018 10/17/18 | Price Changed | $475,000 | -5.0% | -- |
| 07/18/2018 07/18/18 | Price Changed | $500,000 | -9.1% | -- |
| 12/26/2017 12/26/17 | Price Changed | $550,000 | -21.4% | -- |
| 01/19/2016 01/19/16 | For Sale | $700,000 | -- | -- |
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 | $1,264 | $20,818 | $20,818 | -- |
| 2023 | $1,306 | $19,979 | $19,979 | -- |
| 2022 | $1,306 | $21,510 | $21,510 | $0 |
| 2021 | $1,236 | $20,739 | $20,739 | $0 |
| 2020 | $1,204 | $20,783 | $20,783 | $0 |
| 2019 | $1,179 | $20,748 | $20,748 | $0 |
| 2018 | $1,174 | $21,991 | $21,991 | $0 |
| 2017 | $1,168 | $21,921 | $21,921 | $0 |
| 2016 | $1,134 | $21,092 | $21,092 | $0 |
| 2015 | $1,088 | $19,818 | $19,818 | $0 |
| 2014 | $1,083 | $19,959 | $19,959 | $0 |
| 2012 | $1,045 | $19,783 | $19,783 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Ernest
-
Deborah Fischer
Seller Co-Listing Agent in 2021
Deborah Fischer
Berkshire Hathaway HomeServices Chicago
(847) 309-9119
39 Total Sales
-
Jeffery Ohm
Buyer's Agent in 2021
Jeffery Ohm
Premier Realty Group, Inc.
(847) 490-7400
209 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09121330
APN: 16-18-201-006
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