NOT LISTED FOR SALE

40 N Sheridan Rd Lake Forest, IL 60045

Estimated Value: $1,465,373 - $2,249,000

4 Beds
3.5 Baths
3,588 Sq Ft
$514/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $2,132,500 $594 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $12,140/month

73 Days on Market

Highlights

  • Heated Floors
  • Landscaped Professionally
  • Wooded Lot
  • Sheridan Elementary School Rated A
  • Living Room with Fireplace
  • Georgian Architecture

About This Home

As of November 2023

The genius of architect Stanley D. Anderson is apparent from the moment one enters this incredible home. Perhaps more than any other architect, Anderson is credited with creating and shaping the built environment of Lake Forest. 40 N. Sheridan Road was constructed in 1938 and is an excellent example of his work. The finished product is light and airy with sunlight streaming throughout the home. The placement of beautiful, divided light windows enhance the incredible ambience and comfort of this handsome residence. Perfectly proportioned rooms, detailed millwork and symmetric sight-lines combine to create a space that is both gracious and welcoming. The incredible kitchen features a top of the line appliance package including Sub-Zero refrigeration drawers, Wolf oven, Miele steam oven and coffee/beverage center. The elegant, primary suite includes two walk-in closets, a luxurious marble bath with both soaking tub and walk-in, spray shower. All of the bathrooms include flooring with radiant heat. Set back from Sheridan Road and sited perfectly on a half-acre lot, the outdoor living space is as beautiful as the interior. The well manicured rear lawn has privacy seldom found on a 1/2 acre lot. An abundance and variety of interesting and intentionally placed species of flowering shrubs, trees and flowers combine to create an outdoor environment that is ideal. The beautiful screened porch is equipped with a two-sided, gas fireplace. A total renovation of the home was orchestrated in 2009 by local architect Scott Streightiff that preserved the historic elements and introduced modern functionality and convenience. Relax and enjoy life in this East Lake Forest treasure!

Last Agent to Sell the Property

Brad Andersen

Compass License #471005011 Listed on: 06/12/2023

Compass

Co-Listed By

Brady Andersen

Compass License #475132603

Last Buyer's Agent

Amy Davidson

Jameson Sotheby's International Realty License #475150228

Jameson Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,090

Year Built

  • Built in 1938 | Remodeled in 2009

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100x216x97x223.85
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Driveway
  • Parking Space is Owned

Home Design

  • Georgian Architecture
  • Shake Roof

Interior Spaces

  • 3,588 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Library
  • Screened Porch
  • Home Gym

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • High End Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Dual Sinks
  • Soaking Tub
  • Shower Body Spray
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Sump Pump

Home Security

  • Home Security System
  • Storm Screens

Outdoor Features

  • Patio
  • Fire Pit

Schools

  • Sheridan Elementary School
  • Deer Path Middle School
  • Lake Forest High School

Utilities

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

Community Details

  • East Lake Forest Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,090

Year Built

Built in 1938 | Remodeled in 2009

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Georgian
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: East Lake Forest
  • Year Built: 1938
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2009
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2009

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Wine Refrigerator
  • Basement: Partial
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Bar-Wet, Hardwood Floors, Heated Floors, Second Floor Laundry
  • LivingArea: 3588
  • Other Equipment: Humidifier, Security System, Sump Pump, Sprinkler-Lawn, Backup Sump Pump;
  • Room Type: Exercise Room, Foyer, Library, Screened Porch
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Bathroom Amenities: Separate Shower,Double Sink,Full Body Spray Shower,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room,Other
  • Total Sq Ft: 0
  • Attic: Full,Pull Down Stair
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Porch, Porch Screened, Brick Paver Patio, Storms/Screens, Fire Pit
  • List Price: 2295000
  • Lot Features: Landscaped, Wooded
  • Roof: Shake
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Sheridan 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: 0.5
  • Lot Dimensions: 100X216X97X223.85
  • Rural (Y/N): N
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 21089.94
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2025
Sold by
Davidson Arthur J and Davidson Amy M
Bought by
Arthur J Davidson Iv Trust and Amy M Davidson Trust
Current Estimated Value
$1,844,791

Purchase Details

Closed on
Jul 24, 2024
Sold by
Davidson Arthur J and Davidson Amy M
Bought by
Casamigos 2 Llc

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
8.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 24, 2024
Sold by
Casamigos 2 Llc
Bought by
Davidson Arthur J and Davidson Amy M

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
8.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 2, 2015
Closed on
May 19, 2015
Sold by
Hitchcock Larry R and Hitchcock Elizabeth A
Bought by
Seaman Maureen
Seller's Agent
Elizabeth Jakaitis
Jameson Sotheby's International Realty
Buyer's Agent
Elizabeth Jakaitis
Jameson Sotheby's International Realty
List Price
$1,895,000
Sold Price
$1,785,000
Premium/Discount to List
-$110,000
-5.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.12%
Original Mortgage
$1,500,000
Interest Rate
3.63%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 19, 2007
Sold by
Primacy Closing Corp
Bought by
Hitchcock Larry R and Hitchcock Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,152,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2007
Sold by
Wright Michael R and Michael R Wright Trust
Bought by
Primacy Closing Corp

Purchase Details

Closed on
May 25, 2006
Sold by
Wright Michael R and Wright Catharine R
Bought by
Wright Michael R and Michael R Wright Trust

Purchase Details

Closed on
May 8, 2003
Sold by
Grant Andrew M and Grant Martha B
Bought by
Wright Michael R and Wright Catharine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Arthur J Davidson Iv Trust -- None Listed On Document
Casamigos 2 Llc -- None Listed On Document
Davidson Arthur J -- None Listed On Document
Seaman Maureen $1,785,000 Fidelity National Title
Hitchcock Larry R $1,440,000 1St American Title
Primacy Closing Corp $1,627,000 1St American Title
Wright Michael R -- None Available
Wright Michael R $1,525,000 St
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davidson Arthur J $1,000,000
Previous Owner Seaman Douglas $1,500,000
Previous Owner Hitchcock Larry R $1,640,000
Previous Owner Hitchcock Larry R $1,685,250
Previous Owner Hitchcock Larry R $1,152,000
Previous Owner Wright Michael R $800,000
Previous Owner Wright Michael R $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $2,132,500 -7.1% $594 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $2,295,000 +28.6% $640 / Sq Ft
05/19/2015 05/19/15 Sold $1,785,000 -5.8% $536 / Sq Ft
03/09/2015 03/09/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $1,895,000 -- $569 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

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 $23,416 $432,905 $172,842 $260,063
2023 $23,416 $380,062 $151,744 $228,318
2022 $21,090 $355,281 $141,850 $213,431
2021 $20,502 $352,217 $140,627 $211,590
2020 $20,044 $354,165 $141,405 $212,760
2019 $30,493 $553,163 $138,809 $414,354
2018 $27,366 $530,923 $185,747 $345,176
2017 $26,905 $522,048 $182,642 $339,406
2016 $25,805 $496,904 $173,845 $323,059
2015 $25,514 $467,895 $163,696 $304,199
2014 $24,970 $455,873 $154,581 $301,292
2012 -- $459,828 $155,922 $303,906
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11804390

Midwest Real Estate Data (MRED)

APN: 12-34-307-003