NOT LISTED FOR SALE

230 Wallace Rd Lake Forest, IL 60045

Estimated Value: $2,852,991 - $3,204,000

5 Beds
8 Baths
7,832 Sq Ft
$383/Sq Ft Est. Value

Sale Details

Date Sold: August 23, 2018

Last sale price $2,000,000 $255 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $19,226 / mo

Highlights

  • Home Theater
  • Heated Floors
  • Property is adjacent to nature preserve
  • Deer Path Middle School East Rated A
  • Landscaped Professionally
  • Recreation Room

About This Home

As of August 2018

Sold during processing! Magnificent custom Georgian by Timberline on 1.55 acres offers spectacular views of Open Lands from nearly every window. This 7,832 SF home is ideal for entertaining w/ light filled, open floor plan, spacious rms, 4 FPs, 10 ft ceilings, 2 staircases, 8 ft doors, & custom millwork. Special amenities incl stunning marble foyer w/ bridal staircase; elegant formal living & dining rms w/ Butler Pantry & wet bar; impressive mahogany library w/ French doors, built-ins & coffered ceiling & inviting family rm that opens to gourmet kitchen w/ huge center island, granite counters, Viking appl & light-filled breakfast rm. 1st floor BR plus 4 ensuite BRs on 2nd flr incl amazing master suite w/ sitting rm & luxurious spa bath w/ radiant heat floors. Exceptional LL Billiards rm w/ wet bar, media rm, exercise rm & wine cellar. Lovely screened porch, outdoor terrace & gardens complete this superbly maintained home offering a private retreat, magnificent views & great location.

Last Agent to Sell the Property

Lisa Trace

@properties Christie's International Real Estate License #475127633 Listed on: 04/06/2018

@properties Christie's International Real Estate

Last Buyer's Agent

Vera Purcell

Compass License #475125066

Compass

Home Details

Home Type

  • Single Family

Year Built

  • 2001

Lot Details

  • Property is adjacent to nature preserve
  • East or West Exposure
  • Landscaped Professionally

HOA Fees

  • $29 per month

Parking

  • Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Georgian Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Shingle Roof

Interior Spaces

  • Wet Bar
  • Gas Log Fireplace
  • Entrance Foyer
  • Breakfast Room
  • Home Theater
  • Library
  • Recreation Room
  • Game Room
  • Screened Porch
  • Gallery

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Oven
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

2001

Lot Details

1.55 Acres

HOA Fees

$29 per month

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service
  • Age: 16-20 Years
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Number Interior Fireplaces: 4
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 6.2
  • Style Of House: Georgian
  • Type Detached: 2 Stories
  • Estimated Year Built: 2001
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2001

Interior Features

  • Interior Property Features: Bar-Wet, Hardwood Floors, Heated Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 14
  • Living Room: Dimensions: 20X25, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Wine Cooler/Refrigerator
  • Equipment: Humidifier, TV-Cable, Security System, Ceiling Fan, Sump Pump, Backup Sump Pump;
  • Fireplace Details: Gas Logs, Gas Starter
  • Attic: Unfinished
  • Fireplace Location: Family Room, Living Room, Master Bedroom
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Steam Shower, Double Sink
  • Above Grade Bedrooms: 5
  • Laundry: Dimensions: 10X8, On Level: Main Level, Flooring: Hardwood
  • Dining Room: Dimensions: 20X16, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 18X12, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space, Island, Pantry-Butler, Pantry-Walk-in
  • Additional Rooms: Breakfast Room, Library, Recreation Room, Game Room, Media Room, Foyer, 5th Bedroom, Gallery, Screened Porch
  • Master Bedroom: Dimensions: 28X25, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Breakfast Rm, Dimensions: 16X12, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Library, Dimensions: 20X16, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 20X18, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 3 Name: Recreation Rm, Dimensions: 27X24, On Level: Basement, Flooring: Carpet
  • Bedroom 3: Dimensions: 21X19, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 4 Name: Game Rm, Dimensions: 20X13, On Level: Basement, Flooring: Carpet
  • Bedroom 4: Dimensions: 20X17, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 5 Name: Media Rm, Dimensions: 20X20, On Level: Basement, Flooring: Carpet
  • Additional Room 6 Name: Foyer, Dimensions: 19X14, On Level: Main Level, Flooring: Marble
  • Additional Room 7 Name: 5th Bdrm, Dimensions: 13X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 8 Name: Gallery, Dimensions: 12X11, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 9 Name: Screened Porch, Dimensions: 20X17, On Level: Main Level
  • Additional Room 10 Name: Other, Dimensions: 15X10, On Level: Basement
  • Estimated Sq Ft: 7832
  • Dining Room Type: Separate
  • Family Room: Dimensions: 24X19, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: 1.0-1.99 Acres
  • Exterior Building Type: Brick
  • Roof Type: Wood Shakes/Shingles
  • Exterior Property Features: Patio
  • Exposure: E (East)
  • Acreage: 1.55

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 400 Amp Service or Greater
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Association Fees: 350

Schools

  • Junior High Dist: 67

Lot Info

  • Lot Dimensions: 215 X 370 X176 X 334
  • Lot Description: Nature Preserve Adjacent, Landscaped Professionally
  • Parcel Identification Number: 16062010240000

Tax Info

  • Taxes: 34469.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2018
Closed on
Aug 6, 2018
Sold by
Arvia Guy F and Janice L Arvia Trust
Bought by
Warner Jeremy and Warner Danielle
Seller's Agent
Lisa Trace
@properties Christie's International Real Estate
Buyer's Agent
Vera Purcell
Compass
List Price
$2,100,000
Sold Price
$2,000,000
Premium/Discount to List
-$100,000
-4.76%
Current Estimated Value
$3,002,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,002,997
Avg. Annual Appreciation
5.44%
Original Mortgage
$1,600,000
Outstanding Balance
$1,389,535
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,613,462

Purchase Details

Closed on
Apr 21, 2003
Sold by
Dedo Leonard A and Dedo Susan R
Bought by
Arvia Janice L and The Janice L Arvia Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 1999
Sold by
Timberline Inc
Bought by
Dedo Leonard R and Dedo Susan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
8.25%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 31, 1999
Sold by
Chicago Title Land Trust Company
Bought by
Timberline Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
7.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Warner Jeremy $2,000,000 Chicago Title
Arvia Janice L $2,620,000 St
Dedo Leonard R $525,000 --
Timberline Inc $446,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warner Jeremy $1,600,000
Previous Owner Arvia Janice L $1,000,000
Previous Owner Dedo Leonard R $1,100,000
Previous Owner Timberline Inc $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2018 08/23/18 Sold $2,000,000 -4.8% $255 / Sq Ft
04/06/2018 04/06/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $2,100,000 -- $268 / 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 $39,311 $680,701 $201,470 $479,231
2023 $40,055 $653,264 $193,349 $459,915
2022 $40,055 $690,322 $203,642 $486,680
2021 $37,877 $665,563 $196,338 $469,225
2020 $37,674 $664,027 $196,751 $467,276
2019 $36,154 $662,900 $196,417 $466,483
2018 $19,196 $698,136 $208,185 $489,951
2017 $35,547 $695,909 $207,521 $488,388
2016 $34,469 $687,326 $199,674 $487,652
2015 $34,892 $641,484 $187,611 $453,873
2014 $34,262 $637,523 $188,954 $448,569
2012 $33,076 $631,899 $187,287 $444,612
Source: Public Records

Agents Affiliated with this Home

  • Lisa Trace

    Seller's Agent in 2018

    Lisa Trace

    @ Properties

    (708) 710-4104

    105 in this area

    176 Total Sales

    Lisa Trace
    Section Image

  • V

    Buyer's Agent in 2018

    Vera Purcell

    Compass

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09908157

Midwest Real Estate Data (MRED)

APN: 16-06-201-024

Illinois Lake County Lake Forest 60045

230 Wallace Rd, Lake Forest, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID

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