Seller's Agent in 2025
Katharine Hackett
@ Properties
(847) 271-3733
5 in this area
115 Total Sales
490 S Waukegan Rd Lake Forest, IL 60045
5
Beds
4
Baths
3,658
Sq Ft
1.46
Acres
Highlights
- 1.46 Acre Lot
- Open Floorplan
- Family Room with Fireplace
- Everett Elementary School Rated A
- Landscaped Professionally
- Recreation Room
About This Home
As of July 2025Stunning fully updated home secluded on nearly one and a half acres in beautiful Lake Forest! This modern farmhouse gut renovated in 2022 with 5 bedrooms and 4 full bathrooms - is what you have been waiting for! Greeted by warm front porch, you enter into the lovely foyer which is open to a bright formal living room with electric fireplace, tucked away private office with gas fireplace, and nicely sized dining room with storage closet. The sun-filled gourmet kitchen features custom white cabinetry, quartz countertops, breakfast bar and breakfast table nook, large pantry - opens to pretty family room with gas fireplace and sliding glass doors that overlook patio & backyard! The first floor also features an oversized laundry and mud room, a guest bedroom with gorgeous hall bathroom, and an attached 2.5 car garage. Upstairs you will find a peaceful primary suite with two walk in closets and spa-like bathroom with huge dual vanity, soaking tub, and nice shower. Three large family bedrooms round out the second floor - one with an en suite bath while two share a lovely hall bath. Huge finished basement with plentiful recreation space & entertaining space - plus tons of storage! Amazing backyard with great patio, covered pergola with tv, fire pit area, swing set, basketball hoop, and lots of yard. Located in desirable Lake Forest, this home is just minutes away from great schools, shopping, dining, and entertainment!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475128035 Listed on: 05/27/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,961
Year Built
- Built in 1977 | Remodeled in 2022
Lot Details
- 1.46 Acre Lot
- Lot Dimensions are 250 x 240 x 273 x 273
- Landscaped Professionally
Parking
- 2.5 Car Garage
- Driveway
- Parking Included in Price
Home Design
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,658 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wood Burning Fireplace
- Gas Log Fireplace
- Electric Fireplace
- Entrance Foyer
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Formal Dining Room
- Home Office
- Recreation Room
- Wood Flooring
Kitchen
- Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
- 4 Full Bathrooms
- Dual Sinks
- Soaking Tub
- Garden Bath
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
- Sink Near Laundry
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Patio
- Pergola
Schools
- Everett Elementary School
- Deer Path Middle School
- Lake Forest High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Septic Tank
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 13, 2021
Sold by
Arnel Potter
Bought by
Mcgrath Rosemary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,048,000
Interest Rate
3.25%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $450,000 | Proper Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,048,000 | Construction | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $82,800 | Balloon | |
| Previous Owner | $85,000 | Balloon | |
| Previous Owner | $70,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Sold | $1,385,000 | +6.9% | $379 / Sq Ft |
| 05/29/2025 05/29/25 | Pending | -- | -- | -- |
| 05/27/2025 05/27/25 | For Sale | $1,295,000 | +22.7% | $354 / Sq Ft |
| 05/12/2023 05/12/23 | Sold | $1,055,000 | -4.0% | $288 / Sq Ft |
| 03/25/2023 03/25/23 | Pending | -- | -- | -- |
| 03/21/2023 03/21/23 | Price Changed | $1,099,000 | -4.4% | $300 / Sq Ft |
| 03/13/2023 03/13/23 | For Sale | $1,149,000 | -- | $314 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $16,691 | $334,908 | $146,172 | $188,736 |
| 2023 | $16,797 | $273,538 | $140,280 | $133,258 |
| 2022 | $16,797 | $287,248 | $151,036 | $136,212 |
| 2021 | $15,885 | $276,946 | $145,619 | $131,327 |
| 2020 | $8,669 | $277,528 | $145,925 | $131,603 |
| 2019 | $8,295 | $277,057 | $145,677 | $131,380 |
| 2018 | $7,914 | $285,244 | $154,406 | $130,838 |
| 2017 | $7,858 | $284,334 | $153,913 | $130,421 |
| 2016 | $7,917 | $273,582 | $148,093 | $125,489 |
| 2015 | $8,277 | $257,054 | $139,146 | $117,908 |
| 2014 | $8,254 | $269,320 | $140,141 | $129,179 |
| 2012 | $7,700 | $266,944 | $138,905 | $128,039 |
Source: Public Records
Agents Affiliated with this Home
-
Katharine Hackett
-
Joe Tyler Gerber
Buyer's Agent in 2025
Joe Tyler Gerber
Compass
(847) 579-9596
4 in this area
163 Total Sales
-
Jane Lee
Seller's Agent in 2023
Jane Lee
RE/MAX
(847) 420-8866
44 in this area
2,338 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12373311
APN: 16-06-401-006
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