$1,055,000
SOLD MAY 12, 2023

490 S Waukegan Rd Lake Forest, IL 60045

5 Beds
4 Baths
3,658 Sq Ft
1.46 Acres

Recently Sold

$288 Per Sq Ft

8% Below List Price

11 Days on Market

Highlights

  • Open Floorplan
  • Landscaped Professionally
  • Recreation Room
  • Everett Elementary School Rated A
  • Family Room with Fireplace
  • Wood Flooring

About This Home

As of May 2023

Welcome to your dream 5 bedroom, 4 bath home - a stunning modern farmhouse with a chef's kitchen and a spacious backyard! This completely updated in 2022 home offers the perfect blend of modern sophistication and rustic charm. The kitchen is a gourmet's delight, with high-end stainless steel appliances, custom cabinetry, and a large center island that's perfect for meal prep and entertaining guests. The open floor plan creates a seamless flow between the kitchen, dining area, and living room, making it an ideal space for both relaxing and socializing. The backyard is equally impressive, with plenty of room for outdoor entertaining and activities. Whether you're hosting a BBQ with friends, playing a game of catch with your kids, or simply enjoying the fresh air and sunshine, this backyard is the perfect retreat. The home's interior features spacious bedrooms, stylish bathrooms, and plenty of storage space. Other notable highlights include main level bedroom, laundry room/mudroom, hardwood floors, high ceilings, and large windows that flood the home with natural light. Finished basement provides extra storage space and recreation space. Located in desirable Lake Forest, this home is just minutes away from great schools, shopping, dining, and entertainment. Don't miss out on the opportunity to make this stunning home your own - schedule a showing today!

Last Agent to Sell the Property

Jane Lee

RE/MAX Top Performers License #471004433 Listed on: 03/13/2023

Last Buyer's Agent

Katharine Hackett

@properties Christie's International Real Estate License #475128035

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,885

Year Built

  • Built in 1977 | Remodeled in 2022

Lot Details

  • 1.46 Acre Lot
  • Lot Dimensions are 250x240x273x273
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Parking

  • 2.5 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • 3,658 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Play Room
  • Wood Flooring

Kitchen

  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Garden Bath
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Patio

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
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,885

Year Built

Built in 1977 | Remodeled in 2022

Lot Details

0

Parking

2

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: 1977
  • Age: 41-50 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): Yes
  • Rehab Year: 2022
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2022

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood
  • Basement: Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Open Floorplan, Separate Dining Room
  • LivingArea: 3658
  • Other Equipment: Sump Pump
  • Room Type: Bedroom 5, Office, Foyer, Recreation Room, Play Room
  • Estimated Total Finished Sq Ft: 3658
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Double Sink,Garden Tub,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3658
  • Basement Sq Ft: 1882
  • Fireplace Location: Family Room,Other
  • Total Sq Ft: 5540
  • Main Level Sq Ft: 3658
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 1099000
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Fiber Cement

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Driveway: Asphalt,Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

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: 1.46
  • Lot Dimensions: 250X240X273X273
  • 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: 15884.76
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2021
Sold by
Arnel Potter
Bought by
Mcgrath Rosemary
Total Days on Market
11

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
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
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
05/27/2025 05/27/25 For Sale $1,295,000 0.0% $354 / Sq Ft
05/22/2025 05/22/25 For Rent $35,000 0.0% --
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

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 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11736330

Midwest Real Estate Data (MRED)

APN: 16-06-401-006