PENDING
$74K PRICE DROP
301 Rose Terrace Lake Forest, IL 60045
Estimated payment $8,447/month
Total Views
12,412
3
Beds
3.5
Baths
2,689
Sq Ft
$474
Price per Sq Ft
Highlights
- Spa
- Landscaped Professionally
- Georgian Architecture
- Sheridan Elementary School Rated A
- Fireplace in Primary Bedroom
- Wood Flooring
About This Home
This picture-perfect colonial is ideally located in desirable East Lake Forest, just minutes from the beach, downtown, and train. A welcoming front patio offers a peaceful spot to enjoy neighborhood views, while inside, timeless elegance meets modern comfort. The front entry opens to a spacious foyer with rich hardwood floors and exquisite millwork throughout the main level. To the right of the foyer is a cozy living room featuring a fireplace, custom built-ins, large windows that fill the space with natural light and French doors to the front patio. Additional French doors open to the hearth room and updated kitchen with a large island, wine refrigerator, and ample built-in shelving - perfect for both cooking and entertaining. Access to the back patio makes outdoor dining and grilling a breeze. A butler's pantry connects the kitchen to the formal dining room, which boasts its own fireplace and French doors that open to the front patio, making it an elegant setting for intimate dinners or festive gatherings. A hallway with exit to the backyard offers access to the detached 2.5-car garage. A lovely powder room completes the main level. Upstairs, the serene primary suite features a fireplace and an updated en-suite bathroom. Two additional bedrooms with hardwood floors and a full bath with heated flooring finish the second level. A walk-up attic from the second level provides generous storage. The finished basement offers a spacious family room, a full bath with glass-enclosed shower, and a cozy built-in queen sized bed nook ideal for reading, naps, and retreat for guests. The generously sized laundry room provides access to the new outdoor staircase that leads to the backyard. Complete with a covered pergola dining area, fire pit, hot tub, and a lawn area, the backyard is a true oasis. A cobblestone paver driveway leads to the detached garage, offering charm and functionality from front to back. Don't miss this rare opportunity to own a beautifully updated home in one of Lake Forest's most sought-after areas.
Listing Agent
@properties Christie's International Real Estate License #475136496 Listed on: 05/08/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,005
Year Built
- Built in 1924
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 59x164x50x196
- Fenced
- Landscaped Professionally
- Paved or Partially Paved Lot
- Sprinkler System
Parking
- 2.5 Car Garage
- Parking Included in Price
Home Design
- Georgian Architecture
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 2,689 Sq Ft Home
- 2-Story Property
- Built-In Features
- Ceiling Fan
- Wood Burning Fireplace
- Entrance Foyer
- Family Room Downstairs
- Living Room with Fireplace
- Sitting Room
- Dining Room with Fireplace
- 3 Fireplaces
- Formal Dining Room
- Wood Flooring
Kitchen
- Double Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Wine Refrigerator
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Fireplace in Primary Bedroom
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Partial Basement
- Sump Pump
- Finished Basement Bathroom
Outdoor Features
- Spa
- Patio
- Fire Pit
- Porch
Schools
- Sheridan Elementary School
- Deer Path Middle School
- Lake Forest High School
Utilities
- Radiator
- Radiant Heating System
- 200+ Amp Service
- Lake Michigan Water
- Multiple Water Heaters
Community Details
- No Laundry Facilities
Listing and Financial Details
- Homeowner Tax Exemptions
Map
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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 | $18,005 | $334,982 | $99,832 | $235,150 |
| 2023 | $16,237 | $294,092 | $87,646 | $206,446 |
| 2022 | $16,237 | $274,916 | $81,931 | $192,985 |
| 2021 | $15,784 | $272,545 | $81,224 | $191,321 |
| 2020 | $15,432 | $274,052 | $81,673 | $192,379 |
| 2019 | $14,660 | $269,022 | $80,174 | $188,848 |
| 2018 | $13,745 | $269,667 | $106,841 | $162,826 |
| 2017 | $13,613 | $265,159 | $105,055 | $160,104 |
| 2016 | $12,952 | $252,388 | $99,995 | $152,393 |
| 2015 | $12,796 | $237,653 | $94,157 | $143,496 |
| 2014 | $12,899 | $238,378 | $84,534 | $153,844 |
| 2012 | $12,652 | $240,446 | $85,267 | $155,179 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Pending | -- | -- | -- |
| 05/30/2025 05/30/25 | Price Changed | $1,275,000 | -5.5% | $474 / Sq Ft |
| 05/08/2025 05/08/25 | For Sale | $1,349,000 | +58.0% | $502 / Sq Ft |
| 06/07/2016 06/07/16 | Sold | $854,000 | -5.0% | $405 / Sq Ft |
| 04/26/2016 04/26/16 | Pending | -- | -- | -- |
| 03/23/2016 03/23/16 | Price Changed | $899,000 | -5.3% | $426 / Sq Ft |
| 10/20/2015 10/20/15 | Price Changed | $949,000 | -5.0% | $450 / Sq Ft |
| 09/14/2015 09/14/15 | For Sale | $999,000 | +17.3% | $474 / Sq Ft |
| 08/08/2012 08/08/12 | Sold | $852,000 | -4.8% | $404 / Sq Ft |
| 06/26/2012 06/26/12 | Pending | -- | -- | -- |
| 06/25/2012 06/25/12 | For Sale | $895,000 | -- | $425 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $854,000 | Fidelity National Title | |
| Warranty Deed | $852,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Prairie Title Inc | |
| Warranty Deed | $795,000 | Baird & Warner Title Service | |
| Warranty Deed | $640,000 | -- | |
| Joint Tenancy Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Credit Line Revolving | |
| Open | $751,000 | New Conventional | |
| Closed | $743,750 | Adjustable Rate Mortgage/ARM | |
| Closed | $437,500 | Stand Alone Second | |
| Closed | $333,000 | Commercial | |
| Closed | $333,000 | Commercial | |
| Closed | $417,000 | New Conventional | |
| Previous Owner | $724,113 | Assumption | |
| Previous Owner | $525,000 | New Conventional | |
| Previous Owner | $400,000 | New Conventional | |
| Previous Owner | $330,000 | Unknown | |
| Previous Owner | $226,000 | Unknown | |
| Previous Owner | $220,000 | No Value Available | |
| Previous Owner | $268,000 | Unknown | |
| Previous Owner | $268,000 | No Value Available |
Source: Public Records
Similar Homes in Lake Forest, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12349980
APN: 12-28-306-016
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