Seller's Agent in 2023
Suzanne Myers
Coldwell Banker Realty
(847) 421-4635
48 in this area
75 Total Sales
496 E Illinois Rd Lake Forest, IL 60045
Estimated Value: $1,426,000 - $1,809,095
4
Beds
5
Baths
4,000
Sq Ft
$407/Sq Ft
Est. Value
Highlights
- 0.81 Acre Lot
- Wood Flooring
- Home Office
- Sheridan Elementary School Rated A
- Sun or Florida Room
- Sitting Room
About This Home
As of February 2023This three-story vintage home, known as the Frank W. Read House, is located in East Lake Forest in a coveted, close-to-town location, and is situated on almost an acre of beautiful, landscaped property! Vintage features include many original details such as wood floors, a beautiful staircase, high ceilings, built-ins, and multiple sun rooms with lovely views of the yard. Completely updated top to bottom over the last year, this home now enjoys four finished levels, five new bathrooms, a stunning white kitchen, and a four-car, tandem garage. The updates are comprehensive with all new mechanicals, roof, windows, and finishes. You can move right into this gem! Walk the property to enjoy the size and beauty of this lot. NEW in last 12 months: central air conditioning added, changed old boiler & radiator heat system to new gas furnace system, asphalt shingle roof, gutters, windows, kitchen, four bathrooms renovated (one upgraded from half to full bath). Finished basement including bathroom added, laundry room with new washer & dryer, new staircase & egress window added. Exterior stucco work and paint. Garage renovation with new roof, garage door, siding, epoxy floor & electric car capable. New wood floors through much of the house, refinished wood floors. Extensive electrical improvements including recessed lighting throughout, internet ready, light fixtures. Interior paint, cement patio and walkway, driveway. Massive landscaping work with incredible tree removal and many new plantings.
Last Agent to Sell the Property
Coldwell Banker Realty License #475134171 Listed on: 01/09/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,125
Year Built
- Built in 1924 | Remodeled in 2022
Lot Details
- 0.81 Acre Lot
Parking
- 4 Car Detached Garage
- Tandem Garage
- Driveway
- Parking Space is Owned
Home Design
- Asphalt Roof
- Rubber Roof
- Stucco
Interior Spaces
- 4,000 Sq Ft Home
- 3-Story Property
- Wood Burning Fireplace
- Family Room
- Living Room with Fireplace
- Sitting Room
- Breakfast Room
- Formal Dining Room
- Home Office
- Sun or Florida Room
- Tandem Room
- Wood Flooring
- Laundry Room
Kitchen
- Gas Cooktop
- Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Potential Bedrooms
- Bathroom on Main Level
- 5 Full Bathrooms
Basement
- Partial Basement
- Basement Cellar
Schools
- Sheridan Elementary School
- Deer Path Middle School
- Lake Forest High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 9, 2023
Closed on
Feb 24, 2023
Sold by
Sunshine Enterprise Llc-Series I
Bought by
Nykiel Christopher T and Nykiel Tracey D
Seller's Agent
Suzanne Myers
Coldwell Banker Realty
Buyer's Agent
Paige Dooley
Compass
List Price
$1,650,000
Sold Price
$1,575,000
Premium/Discount to List
-$75,000
-4.55%
Views
53
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,032
Avg. Annual Appreciation
1.30%
Original Mortgage
$1,338,750
Outstanding Balance
$1,282,883
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$346,149
Purchase Details
Closed on
Dec 15, 2021
Sold by
Sanjay Gandhi
Bought by
Sunshine Enterprise Llc-Series I
Purchase Details
Listed on
Jan 15, 2019
Closed on
Jul 3, 2021
Sold by
Coe Edward D and Coe Linda M
Bought by
Gandhi Sanjay
Seller's Agent
Suzanne Myers
Coldwell Banker Realty
Buyer's Agent
Suzanne Myers
Coldwell Banker Realty
Sold Price
$760,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.80%
Original Mortgage
$530,000
Interest Rate
3.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 22, 1998
Sold by
First American Bank
Bought by
Coe Edward and Coe Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
8.95%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nykiel Christopher T | $1,575,000 | Burnet Title | |
| Sunshine Enterprise Llc-Series I | -- | Pachter Gregory & Raffaldini P | |
| Gandhi Sanjay | $760,000 | Burnet Title Post Closing | |
| Coe Edward | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nykiel Christopher T | $1,338,750 | |
| Previous Owner | Gandhi Sanjay | $530,000 | |
| Previous Owner | Coe Edward | $305,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/28/2023 02/28/23 | Sold | $1,575,000 | -4.5% | $394 / Sq Ft | |
| 02/01/2023 02/01/23 | Pending | -- | -- | -- | |
| 01/09/2023 01/09/23 | For Sale | $1,650,000 | +117.1% | $413 / Sq Ft | |
| 07/19/2021 07/19/21 | Sold | $760,000 | 0.0% | $241 / Sq Ft | View Prior Sale |
| 04/14/2021 04/14/21 | Pending | -- | -- | -- | |
| 04/14/2021 04/14/21 | For Sale | -- | -- | -- | |
| 03/30/2021 03/30/21 | Off Market | $760,000 | -- | -- | |
| 03/04/2020 03/04/20 | Price Changed | $749,000 | -6.3% | $237 / Sq Ft | |
| 02/02/2020 02/02/20 | Price Changed | $799,000 | -4.8% | $253 / Sq Ft | |
| 09/03/2019 09/03/19 | Price Changed | $839,000 | -1.2% | $266 / Sq Ft | |
| 08/09/2019 08/09/19 | Price Changed | $849,000 | -5.6% | $269 / Sq Ft | |
| 05/07/2019 05/07/19 | Price Changed | $899,000 | -5.3% | $285 / Sq Ft | |
| 04/06/2019 04/06/19 | Price Changed | $949,000 | -5.0% | $301 / Sq Ft | |
| 01/15/2019 01/15/19 | For Sale | $999,000 | -- | $316 / 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 | $19,239 | $348,202 | $237,406 | $110,796 |
| 2023 | $17,255 | $305,698 | $208,427 | $97,271 |
| 2022 | $17,255 | $285,765 | $194,837 | $90,928 |
| 2021 | $16,125 | $283,301 | $193,157 | $90,144 |
| 2020 | $15,767 | $284,868 | $194,225 | $90,643 |
| 2019 | $14,977 | $279,639 | $190,660 | $88,979 |
| 2018 | $20,746 | $452,791 | $255,504 | $197,287 |
| 2017 | $18,071 | $445,222 | $251,233 | $193,989 |
| 2016 | $18,220 | $423,779 | $239,133 | $184,646 |
| 2015 | $19,146 | $399,038 | $225,172 | $173,866 |
| 2014 | $19,071 | $374,936 | $202,159 | $172,777 |
| 2012 | $17,725 | $378,189 | $203,913 | $174,276 |
Source: Public Records
Agents Affiliated with this Home
-
Suzanne Myers
-
Paige Dooley
Buyer's Agent in 2023
Paige Dooley
Compass
(847) 609-0963
6 in this area
297 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11669398
APN: 12-33-404-026
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