$1,349,000

262 E Foster Place Lake Forest, IL 60045

Estimated payment $8,980/month

Total Views 1,093
4 Beds
2 Baths
2,634 Sq Ft
$512 Price per Sq Ft

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

Lisa Trace

@properties Christie's International Real Estate License #475127633 Listed on: 04/03/2025

@properties Christie's International Real Estate

Co-Listing Agent

Samantha Trace

@properties Christie's International Real Estate License #475187264

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,271

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,271

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level w/ Sub
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • Levels: Bi-Level
  • New Construction: No
  • Property Sub-Type: Split Level w/ Sub
  • Year Built: 1956
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished, Partial
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplaces: 2
  • LivingArea: 2634
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2634
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • List Price: 1349000
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Asphalt, On Site, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Partial, Zoned
  • Heating: Natural Gas, Radiant, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Cherokee Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Deer Path Middle School
  • Middle/Junior School District: 67

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.82
  • Lot Dimensions: 320 X 329 X 225 X 243
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 22271
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 -- --
Source: Midwest Real Estate Data (MRED)

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $417,000 Unknown
Previous Owner $257,000 Unknown
Previous Owner $250,000 Purchase Money Mortgage
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12453148

Midwest Real Estate Data (MRED)

APN: 16-04-102-014