M
Landlord's Agent in 2020
Matthew Williams
Vesta Preferred LLC
(248) 470-0871
18 Total Sales
303 S Green Bay Rd Lake Forest, IL 60045
Estimated Value: $2,370,000 - $6,511,000
6
Beds
12
Baths
15,411
Sq Ft
$327/Sq Ft
Est. Value
Highlights
- Second Kitchen
- In Ground Pool
- Landscaped Professionally
- Cherokee Elementary School Rated A
- Heated Floors
- Property is near a park
About This Home
As of October 2020Incredible Lake Forest Short-Term Rental Opportunity. Get out of the city and experience true serenity. From the moment you pass the private front gate and begin your drive up the long, winding drive you can already tell this is a special property before you even catch a glimpse of the exterior. Boasting 15,000+ sq. ft, and 4+ wooded acres to ensure privacy, this home is an entertainer's dream. Extensive modernization efforts were undertaken in 1996 including a second story, pool, spa, patio bar, and 5 car garage. John Regas, a well-known Interior Designer, curated the interior which extensively features marble and Birdseye maple. Additional special features include a waterfall, elevator, & completely self-contained lower level with a second kitchen, media room, full bar, exercise room, and guest quarters. One-of-a-kind features include the indoor waterfall and elevator. This property represents the perfect marriage of historically significant and timeless Architecture with modern design and amenities & sits ready for the most discerning of buyers to make it their own!
Last Agent to Rent the Property
Vesta Preferred LLC License #475158198 Listed on: 07/06/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $118,280
Year Built
- 1936
Lot Details
- Southern Exposure
- East or West Exposure
- Landscaped Professionally
- Wooded Lot
Parking
- Attached Garage
- Heated Garage
- Garage Transmitter
- Garage Door Opener
- Circular Driveway
- Brick Driveway
- Parking Included in Price
- Garage Is Owned
Home Design
- Slab Foundation
- Stucco Exterior Insulation and Finish Systems
- Tar and Gravel Roof
- Concrete Siding
- Marble or Granite Building Materials
Interior Spaces
- Elevator
- Wood Burning Fireplace
- Attached Fireplace Door
- See Through Fireplace
- Gas Log Fireplace
- Entrance Foyer
- Sitting Room
- Formal Dining Room
- Recreation Room
- Home Gym
Kitchen
- Second Kitchen
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Cooktop with Range Hood
- High End Refrigerator
- Kitchen Island
- Disposal
Flooring
- Wood
- Heated Floors
Bedrooms and Bathrooms
- Main Floor Bedroom
- Primary Bathroom is a Full Bathroom
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Outdoor Features
- In Ground Pool
- Balcony
- Brick Porch or Patio
- Outdoor Grill
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Gas
- Lake Michigan Water
Additional Features
- North or South Exposure
- Property is near a park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 29, 2023
Sold by
Rajul Bhalala Living Trust
Bought by
Lake Forest 2022 Property Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,244,157
Interest Rate
6.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 12, 2004
Sold by
Harris Trust & Savings Bank
Bought by
Bhalala Rajul and Bhalala Gopal N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,900,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 3, 2003
Sold by
Lasalle Bank Na
Bought by
Harris Trust & Savings Bank and Trust #Htw-6065
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,808,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 1, 1995
Sold by
Rosenfield Andrew M and Rosenfield Betty L
Bought by
American National Bk & Tr Co Of Chicago
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
7.5%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lake Forest 2022 Property Llc | $2,112,000 | None Listed On Document | |
| Bhalala Rajul | $4,900,000 | -- | |
| Harris Trust & Savings Bank | -- | -- | |
| American National Bk & Tr Co Of Chicago | $1,800,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lake Forest 2022 Property Llc | $2,244,157 | |
| Previous Owner | Bhalala Rajul | $4,900,000 | |
| Previous Owner | Harris Trust & Savings Bank | $2,808,000 | |
| Previous Owner | American National Bk & Tr Co Of Chicago | $1,350,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/04/2020 10/04/20 | Rented | $12,000 | -40.0% | -- |
| 07/06/2020 07/06/20 | For Rent | $20,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $118,280 | $2,093,245 | $203,318 | $1,889,927 |
| 2023 | $118,280 | $1,886,826 | $183,268 | $1,703,558 |
| 2022 | $61,186 | $1,016,812 | $201,329 | $815,483 |
| 2021 | $58,055 | $982,902 | $194,615 | $788,287 |
| 2020 | $56,097 | $982,902 | $194,615 | $788,287 |
| 2019 | $64,527 | $1,166,550 | $193,705 | $972,845 |
| 2018 | $71,550 | $1,291,538 | $433,477 | $858,061 |
| 2017 | $75,107 | $1,449,855 | $430,977 | $1,018,878 |
| 2016 | $78,838 | $1,508,887 | $410,298 | $1,098,589 |
| 2015 | $77,004 | $1,401,921 | $381,212 | $1,020,709 |
| 2014 | $69,730 | $1,265,746 | $373,716 | $892,030 |
| 2012 | $67,153 | $1,273,130 | $375,896 | $897,234 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Williams
-
Ivan Madera
I
Tenant's Agent in 2020
Ivan Madera
Jameson Sotheby's Intl Realty
25 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10770513
APN: 16-04-210-021
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