NOT LISTED FOR SALE

481 Yorktowne Ln Lake Forest, IL 60045

Estimated Value: $1,945,000 - $2,090,789

1.38 Acres
$1,460,819 Price per Acre
60,113 Sq Ft Lot

Last Sold July 21, 2021

Last sale price $497,000

Est. 306% increase in value since last sale

Current estimated payment $10,869/month

64 Days on Market

About This Lot

As of July 2021

Northernmost of two beautiful lots framed by towering trees with views of McIlvaine Meadow Open Lands Preserve. Lovely, level site for your custom home in prestigious South Carroll Meadow. No builder affiliation. Create the home you want for your 2021 lifestyle on this gorgeous lot in a super location in Lake Forest. Note: This is one lot of a portfolio of premium vacant lots in four Lake Forest subdivisions, recently released for sale by one of the original developers of those neighborhoods. As premium parcels, the lots were carefully priced, based on comps of recent lot sales. Therefore, the seller has priced each lot "firm" and is not looking to negotiate. An ADDED VALUE: The "Parks" Impact Fees due to the City from buyers have BEEN PRE-PAID on this lot -- recognizing a savings to a future owner of approximately $15,667.65 -- per the City of Lake Forest. (Impact fees are due at the time a building permit is issued.) The survey for this lot is posted under the "Additional Information" tab at the top right. Thanks!

Last Agent to Sell the Property

Deborah Fischer

Berkshire Hathaway HomeServices Chicago License #475148419 Listed on: 02/10/2021

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Landon Harper

@properties Christie's International Real Estate

@properties Christie's International Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,179

Lot Details

  • 1.38 Acre Lot
  • Property is zoned SINGL

Schools

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

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,179

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple w/ HO Assn.
  • Current Use: Single Family
  • Road Surface Type: Asphalt
  • General Information: School Bus Service
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • List Price: 497000
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site, Water-Community

Schools

  • Elementary School: Everett 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: 1.38
  • Lot Dimensions: 129.5 X 340 X 140+75 X 389
  • Zoning: SINGL
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: Y
  • Subdivision Lot Number: 22
  • Estimated Land Sq Ft: 60,112

Rental Info

  • Board Number: 2
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1179.46
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2021
Closed on
Jul 7, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Verceles Nicholas and Verceles Brandi
Seller's Agent
Deborah Fischer
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Landon Harper
@properties Christie's International Real Estate
Sold Price
$497,000
Current Estimated Value
$2,015,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,518,930
Avg. Annual Appreciation
39.46%
Original Mortgage
$397,600
Interest Rate
3%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Verceles Nicholas $497,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Verceles Nicholas $397,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2021 07/21/21 Sold $497,000 0.0% --
04/16/2021 04/16/21 For Sale -- -- --
04/15/2021 04/15/21 Pending -- -- --
03/10/2021 03/10/21 Price Changed $497,000 -3.9% --
02/10/2021 02/10/21 For Sale $517,000 -- --
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 $1,653 $517,559 $179,373 $338,186
2023 $1,306 $26,196 $26,196 --
2022 $1,306 $21,510 $21,510 $0
2021 $1,236 $20,739 $20,739 $0
2020 $1,204 $20,783 $20,783 $0
2019 $1,179 $20,748 $20,748 $0
2018 $1,171 $21,991 $21,991 $0
2017 $1,169 $21,921 $21,921 $0
2016 $1,135 $21,092 $21,092 $0
2015 $1,088 $19,818 $19,818 $0
2014 $1,083 $19,959 $19,959 $0
2012 $1,045 $19,783 $19,783 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10992053

Midwest Real Estate Data (MRED)

APN: 16-06-403-063