$4,325,471
SOLD NOV 18, 2024

471 Hastings Rd Lake Forest, IL 60045

5 Beds
9.5 Baths
11,845 Sq Ft
1.75 Acres

Recently Sold

$365 Per Sq Ft

13% Below List Price

173 Days on Market

Highlights

  • Home Theater
  • In Ground Pool
  • Heated Floors
  • Sheridan Elementary School Rated A
  • Second Garage
  • Fireplace in Primary Bedroom

About This Home

As of November 2024

THIS IS A "10"! Situated on 1.75 acres in the heart of Lake Forest, in a close to everything location is this perfect gem. Let all your wishes come true with all this home has to offer! Stately and elegant yet so functional for a family with a pool, hot tub, sport court, golf simulator 2021, elevator, home theater, billiards room & wine cellar to satisfy your every dream! The kitchen, butler's pantry and bar, are new since 2019, featuring Wolfe appliances Visual Comfort lighting, Ann Sacks tile, quartzite counters among the improvements in this area. Spectacular rooms, high style and function. The primary bedroom is a real sanctuary renovated in 2022, from the beautiful bathroom featuring Chadwicks Liberte VC leathered floor tile, Rohl plumbing fixtutres Hydrosystems tub, and a 5 person sauna, as well as 2 fireplaces in the bedroom, one inside, one outside on a beautiful private deck to watch the moonrise or enjoy the fireworks! 4 additional family bedrooms each one with a very special feature unique to that room, whether a loft or a secret office area, they are sure to delight, all ensuite. The lower level is as pleasing as the other floors, whether adult or child , there is something for everyone!

Last Agent to Sell the Property

Marina Carney

Compass License #475123100 Listed on: 05/17/2024

Compass

Co-Listed By

Andrew Mrowiec

Compass License #471004617

Last Buyer's Agent

Heather Fowler

@properties Christie's International Real Estate License #475174043

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,479

Year Built

  • Built in 2007 | Remodeled in 2019

Lot Details

  • 1.75 Acre Lot
  • Lot Dimensions are 237x415x128x456

Parking

  • 4 Car Attached Garage
  • Second Garage
  • Multiple Garages
  • Garage ceiling height seven feet or more
  • Heated Garage
  • Garage Transmitter
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 11,845 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 9 Fireplaces
  • Family Room Downstairs
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Library
  • Heated Enclosed Porch
  • Home Gym

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Steam Shower

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Finished Basement Bathroom

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Kitchen
  • Fire Pit
  • Utility Building
  • Outdoor Grill

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,479

Year Built

Built in 2007 | Remodeled in 2019

Lot Details

0

Parking

4

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: 2007
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Total Bathrooms: 10
  • Total Bedrooms: 5
  • Below Grade Finished Sq Ft: 3563
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 9
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, Elevator, Hardwood Floors, Heated Floors, First Floor Laundry
  • LivingArea: 11845
  • Room Type: Bedroom 5, Bedroom 6, Breakfast Room, Enclosed Porch Heated, Foyer, Theatre Room, Exercise Room, Family Room, Library
  • Estimated Total Finished Sq Ft: 11845
  • Basement Description: Finished
  • Bathroom Amenities: Steam Shower
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Total Sq Ft: 8282
  • Basement Sq Ft: 3563
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Basement,Other
  • Total Sq Ft: 11845
  • Upper Level Sq Ft: 8282
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Hot Tub, In Ground Pool, Outdoor Grill, Fire Pit
  • List Price: 4500000
  • OtherStructures: Outdoor Kitchen, Second Garage, Utility Building(s)
  • Roof: Slate
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Transmitter(s),Heated,7 Foot or more high garage door,Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • 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: 1.75
  • Lot Dimensions: 237X415X128X456
  • Rural (Y/N): N
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 88479.26
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Nov 12, 2024
Sold by
Shelby H Silvernail 2014 Declaration Of and Silvernail Shelby H
Bought by
Trust Number 9002345948 and Trust Number 9002347351
Seller's Agent
Marina Carney
Compass
Buyer's Agent
Heather Fowler
@properties Christie's International Real Estate
List Price
$5,000,000
Sold Price
$4,325,471
Premium/Discount to List
-$674,529
-13.49%
Total Days on Market
173
Views
268
Current Estimated Value
$4,386,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,012
Avg. Annual Appreciation
2.63%

Purchase Details

Closed on
Jun 3, 2014
Sold by
Silvernail Andrew K and Silvernail Shelby H
Bought by
Decla Silvernail Shelby H and Decla Shelby H Silvernail 2014

Purchase Details

Listed on
Apr 17, 2013
Closed on
Jul 12, 2013
Sold by
Hadley Gregory W
Bought by
Silvernail Andrew K and Silvernail Shelby H
Seller's Agent
Susie Banas
@properties Christie's International Real Estate
Buyer's Agent
Jeannie Emmert
@properties Christie's International Real Estate
List Price
$4,950,000
Sold Price
$4,500,000
Premium/Discount to List
-$450,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.21%
Original Mortgage
$2,925,000
Interest Rate
2.54%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 27, 2006
Sold by
Legacy Hastings Lp
Bought by
Hadley Gregory W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2004
Sold by
Bennett Katharine Falley and Bennett Katharine
Bought by
Legacy Hastings Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $4,325,500 Chicago Title
Deed $4,325,500 Chicago Title
Interfamily Deed Transfer -- None Available
Warranty Deed $4,500,000 None Available
Warranty Deed $5,308,500 St
Warranty Deed $3,000,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,925,000 Adjustable Rate Mortgage/ARM
Previous Owner $995,000 Unknown
Previous Owner $3,000,000 Purchase Money Mortgage
Previous Owner $3,167,000 Construction
Previous Owner $2,400,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Sold $4,325,471 -3.9% $365 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
09/22/2024 09/22/24 Price Changed $4,500,000 -10.0% $380 / Sq Ft
05/26/2024 05/26/24 For Sale $5,000,000 0.0% $422 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $5,000,000 +11.1% $422 / Sq Ft
07/18/2013 07/18/13 Sold $4,500,000 -9.1% $328 / Sq Ft
05/28/2013 05/28/13 Pending -- -- --
04/17/2013 04/17/13 For Sale $4,950,000 -- $361 / 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 $88,479 $1,532,737 $383,964 $1,148,773
2023 $77,253 $1,412,921 $353,949 $1,058,972
2022 $77,253 $1,284,440 $321,763 $962,677
2021 $75,109 $1,273,362 $318,988 $954,374
2020 $73,428 $1,280,404 $320,752 $959,652
2019 $69,766 $1,256,900 $314,864 $942,036
2018 $41,855 $1,469,260 $428,337 $1,040,923
2017 $75,070 $1,444,700 $421,177 $1,023,523
2016 $72,029 $1,375,119 $400,892 $974,227
2015 $71,193 $1,294,839 $377,488 $917,351
2014 $65,065 $1,178,346 $372,050 $806,296
2012 $64,051 $1,188,568 $375,278 $813,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12059653

Midwest Real Estate Data (MRED)

APN: 12-33-117-005