NOT LISTED FOR SALE

481 E Illinois Rd Lake Forest, IL 60045

Estimated Value: $1,774,000 - $2,161,000

4 Beds
5 Baths
3,976 Sq Ft
$482/Sq Ft Est. Value

Last Sold January 10, 2022

Last sale price $1,335,000 $336 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $12,607/month

3 Days on Market

Highlights

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

About This Home

As of January 2022

Enjoy all that this 1920's English home has to offer- in town location, beautifully situated on .68 acres, in a walk to everything location. Enjoy 3900+sq ft of graciously proportioned sun filled rooms capturing the elegance of a by-gone era. From the minute one enters the home the warmth and substance will greet you! From the classically appointed Living Room, opening onto a spacious screen porch and adjacent to the charming green house, perfect for wintering orchids, starting tomato, plants or children's special projects from Oak trees to radishes, its a wonderful asset! A charming Butler's Pantry w/ copper sink, with a newer spacious eat-in Kitchen are a bonus. 4 beds, 3 baths and a laundry complete the 2nd floor. A full 3rd floor, a family room with skylights an office are accessed by the secondary stairs, making it a great haven. The lower level has 9 ft ceilings, is light and bright! The yard is private and perfect for a tent and wedding! This home is a real treasure!

Last Agent to Sell the Property

Marina Carney

Compass License #475123100 Listed on: 11/15/2021

Compass

Co-Listed By

Andrew Mrowiec

Compass License #471004617

Last Buyer's Agent

Nancy Adelman

Compass License #475123518

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,867

Year Built

  • 1918

Lot Details

  • 0.68

Parking

  • Attached Garage
  • Garage Door Opener
  • Parking Included in Price

Interior Spaces

  • 3-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • Finished Attic
  • Finished Basement

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,867

Year Built

1918

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 3 Stories
  • Property Sub Type: 3 Stories
  • Age: 100+ 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): No
  • New Construction Y/N: No
  • Architectural Style: English
  • Co List Office Mls Id: MRD6577
  • Co List Office Phone: (847) 234-0485
  • Directions: DEERPATH E TO McKINLEY (R) TO ILLINOIS (L) TO 481
  • Lot Size: 101X307X98X333
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 1918

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 3977
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Finished
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Interior Amenities: Skylight(s)
  • Other Equipment: Fan-Whole House
  • Dining Room Type: Den, Office, Screened Porch

Exterior Features

  • Roof: Shake
  • Exterior Features: Balcony, Patio, Porch Screened, Outdoor Grill
  • Foundation Details: Block
  • Exterior Building Type: Brick,Stucco
  • Other Structures: Greenhouse
  • Waterfront: No

Garage/Parking

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

Utilities

  • Cooling: Space Pac
  • Heating: Natural Gas, Radiator(s)
  • Electric: 200+ Amp Service
  • Sewer: Public Sewer, Sewer-Storm
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

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: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 23456.6
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Jan 7, 2022
Sold by
Baehr Kenneth J and Lynn Martha
Bought by
Frese Calvin W and Frese Meredith
Seller's Agent
Marina Carney
Compass
Buyer's Agent
Nancy Adelman
Compass
List Price
$1,399,000
Sold Price
$1,335,000
Premium/Discount to List
-$64,000
-4.57%
Current Estimated Value
$1,916,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$581,523
Avg. Annual Appreciation
10.12%
Original Mortgage
$1,068,000
Outstanding Balance
$976,176
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$940,347

Purchase Details

Closed on
Aug 14, 1998
Sold by
Sammon Michael G and Sammon Barbara P
Bought by
Baehr Kenneth J and Baehr Martha Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.99%

Purchase Details

Closed on
Jul 6, 1994
Sold by
Cole Taylor Bank
Bought by
Sammon Michael G and Sammon Barbara P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.75%
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
Frese Calvin W $1,335,000 Pierson & Strachan
Baehr Kenneth J $687,500 Chicago Title Insurance Co
Sammon Michael G -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frese Calvin W $1,068,000
Previous Owner Baehr Kenneth J $405,000
Previous Owner Sammon Michael G $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2022 01/10/22 Sold $1,335,000 -4.6% $336 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $1,399,000 -- $352 / 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 $28,867 $531,552 $215,392 $316,160
2023 $25,978 $466,667 $189,100 $277,567
2022 $25,978 $436,239 $176,770 $259,469
2021 $25,255 $432,476 $175,245 $257,231
2020 $24,690 $434,868 $176,214 $258,654
2019 $23,457 $426,885 $172,979 $253,906
2018 $22,666 $440,768 $231,683 $209,085
2017 $22,283 $433,400 $227,810 $205,590
2016 $21,369 $412,526 $216,838 $195,688
2015 $21,125 $388,443 $204,179 $184,264
2014 $19,994 $366,223 $183,312 $182,911
2012 $19,601 $369,400 $184,902 $184,498
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11271740

Midwest Real Estate Data (MRED)

APN: 12-33-401-010