262 E Foster Place Lake Forest, IL 60045
Estimated payment $8,664/month
Highlights
- 1.82 Acre Lot
- Wood Flooring
- Formal Dining Room
- Cherokee Elementary School Rated A
- 2 Fireplaces
- Living Room
About This Home
The value is in the land! This exceptional 1.82-acre parcel offers an unparalleled opportunity to build your dream home in coveted East Lake Forest. Located on a picturesque street surrounded by impressive estates, this lot is the perfect setting for new construction. Currently, a 4-bedroom, 2.1-bathroom split-level home sits on the property, but the real value lies in the land itself. Fabulous location -- a convenient walk to town and to Lake Forest Country Day School. There is no builder affiliation, so you have the freedom to choose your own builder. Don't miss this rare opportunity to build in one of the most desirable areas of Lake Forest!
Listing Agent
@properties Christie's International Real Estate License #475127633 Listed on: 04/03/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,477
Year Built
- Built in 1956
Lot Details
- 1.82 Acre Lot
- Lot Dimensions are 320 x 329 x 225 x 243
Parking
- 2 Car Garage
- Driveway
- Parking Included in Price
Home Design
- Bi-Level Home
- Split Level with Sub
- Brick Exterior Construction
Interior Spaces
- 2,634 Sq Ft Home
- 2 Fireplaces
- Family Room
- Living Room
- Formal Dining Room
- Partial Basement
- Laundry Room
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Full Bathrooms
Schools
- Cherokee Elementary School
- Deer Path Middle School
- Lake Forest High School
Utilities
- Zoned Heating and Cooling
- Partial Air Conditioning Available
- Heating System Uses Natural Gas
- Radiant Heating System
- Lake Michigan Water
Map
Home Values in the Area
Average Home Value in this Area
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 | $22,271 | $309,636 | $227,468 | $82,168 |
| 2023 | $15,624 | $354,982 | $218,299 | $136,683 |
| 2022 | $15,624 | $259,170 | $229,917 | $29,253 |
| 2021 | $14,770 | $249,875 | $221,671 | $28,204 |
| 2020 | $14,399 | $250,400 | $222,137 | $28,263 |
| 2019 | $13,916 | $249,975 | $221,760 | $28,215 |
| 2018 | $16,842 | $321,445 | $235,048 | $86,397 |
| 2017 | $16,676 | $320,419 | $234,298 | $86,121 |
| 2016 | $18,631 | $355,265 | $225,438 | $129,827 |
| 2015 | $18,328 | $333,801 | $211,818 | $121,983 |
| 2014 | $14,284 | $263,264 | $213,333 | $49,931 |
| 2012 | $13,784 | $260,942 | $211,451 | $49,491 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | For Sale | $1,349,900 | +0.1% | -- |
| 09/09/2025 09/09/25 | For Sale | $1,349,000 | 0.0% | $512 / Sq Ft |
| 08/22/2025 08/22/25 | Pending | -- | -- | -- |
| 08/22/2025 08/22/25 | For Sale | $1,349,000 | -0.1% | $512 / Sq Ft |
| 08/22/2025 08/22/25 | Off Market | $1,349,900 | -- | -- |
| 07/31/2025 07/31/25 | Price Changed | $1,349,900 | -3.2% | -- |
| 04/05/2025 04/05/25 | For Sale | $1,395,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Chicago Title Land Trust Co | |
| Quit Claim Deed | -- | None Available | |
| Deed | $1,255,000 | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $250,000 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12453148
APN: 16-04-102-014
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