NOT LISTED FOR SALE

40 S June Terrace Lake Forest, IL 60045

Estimated Value: $707,000 - $886,000

3 Beds
2 Baths
2,079 Sq Ft
$382/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $640,000 $308 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,094/month

66 Days on Market

Highlights

  • Deck
  • Property is near a park
  • Wood Flooring
  • Sheridan Elementary School Rated A
  • Recreation Room
  • Tennis Courts

About This Home

As of November 2023

LOCATION, LOCATION, LOCATION!! This historic east Lake Forest home is situated just a stone's throw from recently renovated South Park w/ easy access to all it has to offer - playground, walking path, tennis courts, pickleball, basketball, soccer fields, baseball diamonds w/ batting cage, and lots of open space. Built in 1927, this charming home has been renovated and expanded over the years and lovingly maintained by the current owners. With 3 bedrooms and 2 full baths, the home features hardwood floors throughout, high ceilings, a large, open family room space that is perfect for entertaining or just hanging out, a recently painted kitchen w/ newer stainless steel appliances, updated bathrooms, a cozy Primary Bedroom w/ adjoining sitting room that could also be used as an office, nursery, craft room, etc., and a full, partially finished basement w/ a large recreation room and tons of storage. Outside, there is a large deck w/ unobstructed views of the park, a deep backyard w/ a fire pit, a gardening shed for additional storage, a detached, 2-car garage, and lots of beautiful plantings. The Robert McClory bike path also runs right behind the property giving you easy access to downtown Lake Forest, the LF Metra station, shopping, and more. Don't miss this incredible opportunity to own a beautiful historic home in a fantastic east Lake Forest location! ** Home is being sold "As Is." That said, sellers will pay for a 12-month home warranty (valued at $775) that covers all major appliances, mechanicals/systems, roof leaks, and more. **

Last Agent to Sell the Property

Jeffrey Folker

@properties Christie's International Real Estate License #475154651 Listed on: 07/27/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Cory Green

Compass License #475157727

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,861

Year Built

  • Built in 1927

Lot Details

  • 7,902 Sq Ft Lot
  • Lot Dimensions are 49 x 155 x 49 x 158
  • Cul-De-Sac
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,079 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Sitting Room
  • Formal Dining Room
  • Recreation Room
  • Lower Floor Utility Room
  • Storage Room
  • Wood Flooring
  • Unfinished Attic

Kitchen

  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Dryer
  • Washer
  • Sink Near Laundry

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Recreation or Family Area in Basement
  • Basement Storage

Outdoor Features

  • Deck
  • Fire Pit
  • Shed

Location

  • Property is near a park

Schools

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

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Tennis Courts

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,861

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1927
  • Age: 91-100 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop
  • Basement: Full, Walkout
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 391
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Bar-Wet, Hardwood Floors, First Floor Full Bath, Ceilings - 9 Foot
  • LivingArea: 2079
  • Other Equipment: Ceiling Fan(s), Water Heater-Gas
  • Room Type: Recreation Room, Foyer, Sitting Room, Utility Room-Lower Level, Storage
  • Estimated Total Finished Sq Ft: 2470
  • Assessed Sq Ft: 3006
  • Basement Description: Partially Finished,Exterior Access,Rec/Family Area,Storage Space
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2079
  • Basement Sq Ft: 1072
  • Fireplace Location: Living Room
  • Total Sq Ft: 3151
  • Unfinished Basement Sq Ft: 681
  • Upper Level Sq Ft: 798
  • Attic: Unfinished
  • Main Level Sq Ft: 1281
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Deck, Fire Pit
  • Foundation Details: Concrete Perimeter
  • List Price: 640000
  • Lot Features: Cul-De-Sac, Park Adjacent
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 3+
  • Heating: Natural Gas, Steam, Radiator(s)
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved
  • 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

  • Lot Size Acres: 0.1814
  • Lot Dimensions: 49 X 155 X 49 X 158
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 8860.82
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Nov 27, 2023
Sold by
Gould Scott and Gould Leslie
Bought by
Engfer Victoria Lyn
Seller's Agent
Jeffrey Folker
@properties Christie's International Real Estate
Buyer's Agent
Cory Green
Compass
List Price
$710,000
Sold Price
$640,000
Premium/Discount to List
-$70,000
-9.86%
Views
166
Current Estimated Value
$793,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,835
Avg. Annual Appreciation
12.35%
Original Mortgage
$160,000
Outstanding Balance
$148,784
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$645,051

Purchase Details

Closed on
Sep 15, 2003
Sold by
Mcrae Beverly J and Mcrae Alvin P
Bought by
Gould Scott and Gould Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,700
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2001
Sold by
Mcrae Christina W and Mcrae Alvin Philip
Bought by
Mcrae Alvin P and Mcrae Beverly J
Source: Public Records

Range of Values:

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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
Engfer Victoria Lyn $640,000 Proper Title
Gould Scott $573,000 Metropolitan Title Co
Mcrae Alvin P -- --
Mcrae Beverly J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engfer Victoria Lyn $160,000
Previous Owner Gould Scott $515,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $640,000 0.0% $308 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
09/29/2023 09/29/23 Price Changed $640,000 -2.3% $308 / Sq Ft
09/07/2023 09/07/23 Price Changed $655,000 -2.2% $315 / Sq Ft
08/22/2023 08/22/23 Price Changed $670,000 -3.6% $322 / Sq Ft
08/10/2023 08/10/23 Price Changed $695,000 -2.1% $334 / Sq Ft
07/27/2023 07/27/23 For Sale $710,000 -- $342 / 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 $10,428 $195,898 $73,255 $122,643
2023 $8,861 $174,350 $66,031 $108,319
2022 $8,861 $153,251 $72,538 $80,713
2021 $8,396 $148,140 $70,119 $78,021
2020 $8,162 $148,140 $70,119 $78,021
2019 $7,868 $147,447 $69,791 $77,656
2018 $6,913 $138,178 $70,445 $67,733
2017 $6,834 $137,381 $70,039 $67,342
2016 $6,546 $130,789 $66,678 $64,111
2015 $6,372 $121,517 $61,951 $59,566
2014 $6,783 $128,509 $44,810 $83,699
2012 $6,543 $129,258 $45,071 $84,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11841340

Midwest Real Estate Data (MRED)

APN: 16-04-201-006