NOT LISTED FOR SALE

485 Valley Rd Lake Forest, IL 60045

Estimated Value: $1,009,000 - $1,311,000

4 Beds
4 Baths
3,263 Sq Ft
$362/Sq Ft Est. Value

Sale Details

Date Sold: March 25, 2021

Last sale price $799,000 $245 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,888 / mo

3 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Double Oven
  • Cherokee Elementary School Rated A
  • Mud Room
  • Stainless Steel Appliances

About This Home

As of March 2021

Remodeled in 2021 this spacious home is ready for you! Great location in the desirable Ponds neighborhood, it checks all the boxes. Hardwood floors throughout, bright updated kitchen, all new stainless appliances, large eating area open to family room, 2 fireplaces, grand sized mudroom with access to attached garage & yard, 3 full baths upstairs, new finished basement with roomy recreation room, all rooms freshly painted, 400 sq ft deck overlooks lovely cul-de-sac views, and lawn sprinklers. On one of the large lots in popular Ponds area with walking/bicycle paths around 3 ponds and wooded conservancy. Also steps to playground, tennis courts, and excellent Cherokee school. You will love the location. Welcome home!

Last Agent to Sell the Property

Vera Purcell

Compass License #475125066 Listed on: 02/05/2021

Compass

Co-Listed By

Pat Purcell

Compass License #475125065

Last Buyer's Agent

Andra O'Neill

@properties Christie's International Real Estate License #475136496

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1979 | 2021

Lot Details

  • 0.38

HOA Fees

  • $40 per month

Parking

  • Attached Garage
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Wood Burning Fireplace
  • Mud Room
  • Entrance Foyer
  • Dining Area
  • Recreation Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Down Draft Cooktop
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Separate Shower

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built | Renovated

1979 | 2021

Lot Details

0.38 Acres

HOA Fees

$40 per month

Parking

2

Listing Details

  • Property Type: Detached Single
  • General Information: Commuter Train
  • Recent Rehab: Yes
  • Age: 41-50 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple
  • Rehab Year: 2021
  • Total Full or Half Bathrooms: 3.1
  • Type Detached: 2 Stories
  • Estimated Year Built: 1979
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1979
  • Year Renovated: 2021

Interior Features

  • Number Of Rooms: 10
  • Living Room: Dimensions: 24X14, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Dishwasher, High End Refrigerator, Disposal, All Stainless Steel Kitchen Appliances, Cooktop, Down Draft, Gas Cooktop, Gas Oven
  • Equipment: Humidifier, Ceiling Fan, Sump Pump, Sprinkler-Lawn, Backup Sump Pump;
  • Fireplace Details: Wood Burning
  • Fireplace Location: Family Room, Living Room
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 17X9, On Level: Main Level, Flooring: Hardwood
  • Dining Room: Dimensions: 17X14, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 11X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space, Island, Pantry-Closet
  • Additional Rooms: Foyer, Recreation Room, Eating Area, Mud Room
  • Master Bedroom: Dimensions: 17X15, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Foyer, Dimensions: 17X8, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Room 2 Name: Recreation Rm, Dimensions: 30X26, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 15X13, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 3 Name: Eating Area, Dimensions: 13X9, On Level: Main Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 13X14, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 4 Name: Mud, Dimensions: 17X9, On Level: Main Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 14X11, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 3263
  • Dining Room Type: Separate
  • Family Room: Dimensions: 26X16, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Brick
  • Exterior Property Features: Deck
  • Acreage: 0.3817

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public, Sewer-Storm
  • Heating Fuel: Gas, Forced Air, 2+ Sep Heating Systems, Zoned

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Includes: Common Insurance
  • Assessment Association Fees: 475

Schools

  • Junior High Dist: 67

Lot Info

  • Lot Dimensions: 102X163X139X139
  • Parcel Identification Number: 16043010420000

Tax Info

  • Taxes: 11724.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2023
Sold by
Gaughan Kevin and Gaughan Emma
Bought by
Kevin And Emma Gaughan Living Trust
Current Estimated Value
$1,180,029

Purchase Details

Listed on
Feb 5, 2021
Closed on
Mar 25, 2021
Sold by
Mervi K Murphy Declaration Of Trust and Murphy Brian Joseph
Bought by
Gaughan Kevin and Gustafson Emma
Seller's Agent
Vera Purcell
Compass
Buyer's Agent
Andra O'Neill
@properties Christie's International Real Estate
List Price
$799,000
Sold Price
$799,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%
Original Mortgage
$599,250
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2002
Sold by
Murphy Mervi K
Bought by
Murphy Mervi K and Mervi K Murphy Declaration Of
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Kevin And Emma Gaughan Living Trust -- None Listed On Document
Gaughan Kevin $799,000 Chicago Title
Murphy Mervi K -- --
Murphy Mervi K $200,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Gaughan Kevin $599,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2021 03/25/21 Sold $799,000 0.0% $245 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $799,000 -- $245 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $18,676 $337,245 $103,019 $234,226
2024 $17,916 $321,676 $98,263 $223,413
2023 $14,530 $294,009 $89,811 $204,198
2022 $14,530 $247,643 $96,698 $150,945
2021 $13,438 $238,761 $93,230 $145,531
2020 $12,879 $239,263 $93,426 $145,837
2019 $14,819 $281,677 $93,267 $188,410
2018 $14,696 $295,828 $98,854 $196,974
2017 $14,550 $294,885 $98,539 $196,346
2016 $14,092 $280,187 $94,814 $185,373
2015 $13,851 $263,260 $89,086 $174,174
2014 $14,217 $273,131 $89,722 $183,409
2012 $13,794 $270,722 $88,931 $181,791
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    Vera Purcell

    Compass

    Section Image

  • P

    Seller Co-Listing Agent in 2021

    Pat Purcell

    Compass

    (847) 250-6391

    8 in this area

    9 Total Sales

    Pat Purcell
    Section Image
  • Andra O'Neill

    Buyer's Agent in 2021

    Andra O'Neill

    @ Properties

    (847) 650-9093

    142 in this area

    236 Total Sales

    Andra O'Neill
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10989062

Midwest Real Estate Data (MRED)

APN: 16-04-301-042

Illinois Lake County Lake Forest 60045

485 Valley Rd, Lake Forest, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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