NOT LISTED FOR SALE

1981 W Southmeadow Ln Lake Forest, IL 60045

Estimated Value: $1,539,000 - $1,625,000

4 Beds
6 Baths
4,226 Sq Ft
$374/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $1,225,000 $290 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,734/month

49 Days on Market

Highlights

  • Family Room with Fireplace
  • Steam Shower
  • Attached Garage
  • Everett Elementary School Rated A
  • Formal Dining Room
  • Soaking Tub

About This Home

As of January 2022

Located in popular, picturesque Conway Farms, this spectacular 4 bedroom, 5.1 bath home has it all! Recently remodeled and enhanced in 2019 with new shake roof, new Trane furnaces, AC, new sprinkler system, new whole house Generator, new Marvin triple pane windows, new French doors, new sprinkler system, and new premium appliances (Viking French-Door Ovens, range, & warming drawer and LG washer & dryer). Built for family living and entertaining, this spacious home boasts a designer kitchen open to the grand sized family room replete with brick fireplace and access to the beautiful paver patio & gardens. The gracious dining room with French doors opens out to a delightful bluestone terrace area. A handsome library with coffered ceiling and wainscoting is off the foyer with its beautifully curved floating staircase. The flexible and functional floor plan offers two master bedroom suites. The 1st floor primary suite could accommodate a guest or in-law with its luxury marble bathroom (double sink, whirlpool tub, and large separate shower), large walk-in closet, and opens out to the lovely circular private patio area. The 2nd floor Master suite is graciously sized with walk-in closets, lovely sitting area, luxury bathrooms with 2 separate showers (one is a steam shower), double sinks, vanity, and a large soaker tub. Further features include: high 10' and 11' ceilings, archways, new hardwood flooring, front and back staircases, a 2nd floor laundry room with new LG washer & dryer, sink, along with new cabinetry, and a fabulous finished lower level. The roomy recreation room boasts a cozy fireplace, a wet bar area with wine refrigerator, and storage closets. Adjacent is a separate game room. An additional ample bedroom has sizeable walk-in closet and full bathroom. Beautifully landscaped grounds are enhanced with patio areas of bluestone and brick pavers, a driveway and walkways of pavers, and 3 car attached garage. Gorgeous perennial gardens abound; and the water views from the private patios are stunning. Just steps to pool, pool house, and tennis courts. You won't have to wait to enjoy the incredible living in Conway Farms as this perfect residence is turnkey ready for you now!

Last Agent to Sell the Property

Vera Purcell

Compass License #475125066 Listed on: 10/18/2021

Compass

Co-Listed By

Pat Purcell

Compass License #475125065

Last Buyer's Agent

David Fingado

Equidad Realty LTD License #475186143

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,138

Year Built | Renovated

  • 2001 | 2019

Lot Details

  • 0.77

HOA Fees

  • $295 per month

Parking

  • Attached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • Dual Sinks
  • Soaking Tub
  • Steam Shower
  • Shower Body Spray
  • Separate Shower

Finished Basement

  • Fireplace in Basement
  • Finished Basement Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,138

Year Built | Renovated

2001 | 2019

Lot Details

0

HOA Fees

$295 per month

Parking

3

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 2 Stories
  • Property Sub Type: 2 Stories
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • Co List Office Mls Id: MRD3950
  • Co List Office Phone: (847) 234-8000
  • Directions: Everett Road West of Waukegan Road to Conway Farms Drive North to Southmeadow West to 1981
  • Lot Size: 111X304X110X308
  • New Construction: No
  • Ownership: Fee Simple
  • Subdivision Name: Conway Farms
  • Special Features: None
  • Year Built: 2001
  • Year Renovated: 2019

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Cooktop, Range Hood
  • Has Basement: Full
  • Fireplace Features: Gas Log
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 5869
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Steam Shower,Double Sink,Full Body Spray Shower,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Basement
  • Total Sq Ft: 0
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplaces: 2
  • Interior Amenities: Skylight(s), Bar-Wet, Hardwood Floors, First Floor Bedroom, Second Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Ceiling - 10 Foot, Coffered Ceiling(s)
  • Dining Room Type: Breakfast Room, Library, Loft, Recreation Room, Game Room, Foyer

Exterior Features

  • Roof: Shake
  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Multiple Locations
  • Sewer: Public Sewer, Sewer-Storm
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Association Fee: 885
  • Association Fee Frequency: Quarterly
  • Community Features: Park, Pool, Tennis Court(s)

Fee Information

  • Association Fee Includes: Insurance, Pool, Snow Removal, Other

Schools

  • Elementary School: Everett Elementary School
  • High School: Lake Forest High School
  • Junior High Dist: 115
  • Middle Or Junior School: Deer Path Middle School

Lot Info

  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 20955.26
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
Farshchi Group Ventures Llc
Bought by
Farshchi Eden
Current Estimated Value
$1,579,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,931
Outstanding Balance
$195,441
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$1,361,601

Purchase Details

Closed on
May 13, 2024
Sold by
Farshchi Eden
Bought by
Farshchi Group Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,931
Outstanding Balance
$195,441
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$1,361,601

Purchase Details

Closed on
Oct 31, 2022
Sold by
Farshchi Eden
Bought by
Farshchi Eden

Purchase Details

Listed on
Oct 18, 2021
Closed on
Dec 30, 2021
Sold by
Carton Adinamis and Carton Gail
Bought by
Farshchi Eden Patrick and Macmillan Kathryn Joy
Seller's Agent
Vera Purcell
Compass
Buyer's Agent
David Fingado
Equidad Realty LTD
List Price
$1,349,000
Sold Price
$1,225,000
Premium/Discount to List
-$124,000
-9.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Original Mortgage
$980,000
Interest Rate
2.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 31, 2015
Closed on
Jul 9, 2015
Sold by
Fuentes Dulce M and Milanes Fuentes Dulce M
Bought by
Adinamis Michael and Adinamis Gail Carton
Seller's Agent
Deborah Fischer
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
William Castle
Berkshire Hathaway HomeServices Chicago
List Price
$1,449,000
Sold Price
$1,370,000
Premium/Discount to List
-$79,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.71%
Original Mortgage
$1,096,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2000
Sold by
Lasalle Bank National Assn
Bought by
Fuentes Matthew and Milanes Dulce M
Source: Public Records

Range of Values:

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Average Value
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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
Farshchi Eden -- None Listed On Document
Farshchi Group Ventures Llc -- None Listed On Document
Farshchi Eden -- --
Farshchi Eden Patrick $1,225,000 None Listed On Document
Adinamis Michael $1,370,000 Ct
Fuentes Matthew $249,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farshchi Eden Patrick $980,000
Previous Owner Adinamis Michael $1,096,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $1,225,000 -9.2% $290 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
10/18/2021 10/18/21 For Sale $1,349,000 -1.5% $319 / Sq Ft
07/09/2015 07/09/15 Sold $1,370,000 -5.5% $324 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $1,449,000 -- $343 / 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 $25,138 $428,001 $96,023 $331,978
2023 $23,440 $403,851 $90,605 $313,246
2022 $23,440 $386,810 $86,782 $300,028
2021 $22,750 $382,639 $85,846 $296,793
2020 $21,725 $383,945 $86,139 $297,806
2019 $20,955 $382,529 $85,821 $296,708
2018 $20,371 $397,806 $93,293 $304,513
2017 $19,967 $386,528 $91,116 $295,412
2016 $19,278 $370,131 $87,251 $282,880
2015 $19,259 $346,143 $81,596 $264,547
2014 $21,767 $392,268 $87,633 $304,635
2012 $21,431 $393,054 $87,809 $305,245
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11249479

Midwest Real Estate Data (MRED)

APN: 15-12-210-007