NOT LISTED FOR SALE

471 E Illinois Rd Lake Forest, IL 60045

Estimated Value: $1,084,000 - $1,342,457

3 Beds
4 Baths
2,400 Sq Ft
$511/Sq Ft Est. Value

Last Sold November 08, 2021

Last sale price $740,000 $308 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $8,248/month

31 Days on Market

Highlights

  • Living Room with Fireplace
  • Formal Dining Room
  • Attached Garage
  • Sheridan Elementary School Rated A

About This Home

As of November 2021

Welcome home to this one of a kind, modern oasis in east Lake Forest! This large residence encapsulates everything you want in Lake Forest living. Entering the the property along it's private winding driveway, you'll eventually arrive at the residence atop the apex of the hill, overseeing the neighborhood from this perched position. Boasting large living areas inside and out, you'll love the modern design of the home with its newly spruced up interior, including a full kitchen remodel in 2018 with all new ss apps, quartz countertops, LVT flooring, and large island. All HWF's in lower level were refinished and walls repainted as well. Primary bedroom offers dual-vanity setup with laundry and adjacent wardrobe room! This home offers 360 degree views of nature - both inside and out. Expansive floor-to-ceiling windows in primary bedroom frame the centuries old treeline just perfectly. Sitting outside on the newly installed deck off the living room only magnifies this fully fenced-in landscape. A home unlike the others, be entertained in the finished basement with its full bathroom, kitchenette, and movie theater room. And, like any great home, it welcomes the next owner's touches. With its very spacious utility room, know there's ample space to add-on without losing storage due to the deep crawl space. Keep the climate as you wish in winter and summer months, utilizing its dual-zone HVAC. Or simply open up all the windows and allow the cross breeze to take hold throughout this stately home. Located right next to downtown Lake Forest and the lake, this location is simply unbeatable! Walk the streets quiet streets of Lake Forest breathing in the views year around. Bring your enthusiasm! Bring your offer!

Last Agent to Sell the Property

Eric Bohn

Compass License #475173873 Listed on: 08/16/2021

Compass

Last Buyer's Agent

Non Member

NON MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,676

Year Built | Renovated

  • 1976 | 2010

Lot Details

  • 0.84

Parking

  • Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Cedar

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • Dual Sinks
  • Separate Shower

Partially Finished Basement

  • Finished Basement Bathroom
  • Crawl Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,676

Year Built | Renovated

1976 | 2010

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 2 Stories
  • Property Sub Type: 2 Stories
  • Age: 41-50 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): Yes
  • Rehab Year: 2010
  • New Construction Y/N: No
  • Directions: [From] Sheridan to Rosemary, west to Illinois Rd, take private driveway on west side of E. Illinois Rd, long driveway to house at end by passing two neighbors' homes. [From] Westleigh Rd to Western Ave, turning east onto Ryan Pl, north on Washington Cir, keep left at E Illinois Rd, long driveway to house at end by passing two neighbors' homes.
  • Lot Size: 110 X 352
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 1976
  • Year Renovated: 2010

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Bar Fridge, Disposal
  • Has Basement: Full
  • Fireplace Features: Gas Log
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished,Crawl
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Square Footage Comments: 2400 sq ft above grade. *3250 total square ft including below grade.
  • Total Sq Ft: 0
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Wet, Hardwood Floors, Heated Floors, Second Floor Laundry, Walk-In Closet(s)
  • Other Equipment: Humidifier, Security System, Ceiling Fan(s), Sump Pump, Radon Mitigation System, Generator
  • Dining Room Type: Walk In Closet, Recreation Room, Foyer, Other Room

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Deck, Patio
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Cedar
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2.5
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 2.5

Utilities

  • Cooling: Central Air, Zoned
  • Heating: Natural Gas, Forced Air, Zoned
  • Electric: 200+ Amp Service
  • Sewer: Sewer-Storm
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Sheridan Elementary School
  • High School: Lake Forest High School
  • Junior High Dist: 115
  • Middle Or Junior School: Deer Path Middle School

Lot Info

  • Lot Size: .50-.99 Acre
  • Special Assessments: N
  • Additional Parcels: No

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 17402
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Nov 8, 2021
Sold by
Sre Holdings Llc-471 E Illinois A Series
Bought by
Koncarevic Alan and Koncarevic Angella
Seller's Agent
Eric Bohn
Compass
Buyer's Agent
Non Member
NON MEMBER
List Price
$780,000
Sold Price
$740,000
Premium/Discount to List
-$40,000
-5.13%
Current Estimated Value
$1,225,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,864
Avg. Annual Appreciation
13.74%
Original Mortgage
$740,000
Outstanding Balance
$678,176
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$547,688

Purchase Details

Listed on
May 13, 2016
Closed on
Jul 27, 2016
Sold by
Chicago Title Land Trust Company
Bought by
Sre Holdings Llc 471 E Illinois
Seller's Agent
Jeff Wendt
SRB Services LLC
Buyer's Agent
Andrew Mrowiec
Compass
Sold Price
$4,500

Purchase Details

Closed on
Apr 10, 2015
Sold by
Rosen Cary
Bought by
Chicago Title Land Trust Company and Trust #8002367797

Purchase Details

Listed on
Mar 10, 2014
Closed on
Oct 10, 2014
Sold by
Esser Janice and Janice Esser Trust #1
Bought by
Rosen Cary
Seller's Agent
Julie Morse
@properties Christie's International Real Estate
Buyer's Agent
Jeff Wendt
SRB Services LLC
List Price
$979,000
Sold Price
$840,000
Premium/Discount to List
-$139,000
-14.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.50%
Original Mortgage
$672,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2006
Sold by
Ferri Janice and Janice Ferri Trust #1
Bought by
Esser Janice and Janice Esser Trust #1

Purchase Details

Closed on
Oct 12, 2005
Sold by
Ferri Janice
Bought by
Ferri Janice and Janice Ferri Trust #1

Purchase Details

Closed on
Jul 31, 1998
Sold by
Hawfield Edward H and Hawfield May M
Bought by
Ferri Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,000
Interest Rate
5.37%
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
Koncarevic Alan $740,000 Clingen Callow & Mclean Llc
Sre Holdings Llc 471 E Illinois $800,000 Chicago Title Land Trust Co
Chicago Title Land Trust Company -- Chicago Title Land Trust Co
Rosen Cary $840,000 Attorneys Title Guaranty Fun
Esser Janice -- None Available
Ferri Janice -- --
Ferri Janice $492,500 Burnet Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koncarevic Alan $740,000
Previous Owner Rosen Cary $672,000
Previous Owner Ferri Janice $394,000
Closed Ferri Janice $49,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2021 11/08/21 Sold $740,000 -5.1% $308 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $780,000 0.0% $325 / Sq Ft
07/01/2017 07/01/17 Rented $4,500 0.0% --
06/23/2017 06/23/17 Off Market $4,500 -- --
06/06/2017 06/06/17 For Rent $4,500 0.0% --
08/01/2016 08/01/16 Rented $4,500 0.0% --
06/03/2016 06/03/16 Off Market $4,500 -- --
05/13/2016 05/13/16 For Rent $4,500 0.0% --
10/15/2014 10/15/14 Sold $840,000 -6.6% $348 / Sq Ft View Prior Sale
07/15/2014 07/15/14 Pending -- -- --
06/01/2014 06/01/14 Price Changed $899,000 -3.2% $372 / Sq Ft
05/12/2014 05/12/14 Price Changed $929,000 -2.1% $385 / Sq Ft
04/21/2014 04/21/14 Price Changed $949,000 -3.1% $393 / Sq Ft
03/10/2014 03/10/14 For Sale $979,000 -- $405 / 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 $20,676 $392,024 $199,992 $192,032
2023 $19,270 $328,526 $167,598 $160,928
2022 $19,270 $319,148 $162,814 $156,334
2021 $18,736 $316,396 $161,410 $154,986
2020 $18,316 $318,146 $162,303 $155,843
2019 $17,402 $312,306 $159,324 $152,982
2018 $16,074 $303,214 $214,305 $88,909
2017 $15,544 $298,146 $210,723 $87,423
2016 $14,602 $283,786 $200,574 $83,212
2015 $14,429 $267,218 $188,864 $78,354
2014 $12,265 $224,427 $178,565 $45,862
2012 -- $226,374 $180,114 $46,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11180316

Midwest Real Estate Data (MRED)

APN: 12-33-401-005