NOT LISTED FOR SALE

500 S Ridge Rd Lake Forest, IL 60045

Estimated Value: $3,064,000 - $3,585,000

5 Beds
7 Baths
7,618 Sq Ft
$435/Sq Ft Est. Value

Last Sold April 28, 2021

Last sale price $2,750,001 $361 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $21,674/month

166 Days on Market

Highlights

  • Recreation Room
  • English Architecture
  • Mud Room
  • Cherokee Elementary School Rated A
  • Wood Flooring
  • Home Office

About This Home

As of April 2021

Brace yourself for one of Lake Forest's finest homes! This home was brilliantly rebuilt with the stunning architectural designs of The Poulton Group! It sits majestically on a gorgeous 2.62 acre sanctuary. The ceilings on both levels were significantly raised . The home was " re-built" and like new construction. The kitchen is top notch boasting cabinetry of O'Brien Harris, LLC., high end appliances (including coffee bar) and finishes. Gleaming hardwood floors and custom woodwork. There are breathtaking and soothing views out of every window. The new addition includes an elegant first floor office and a sensational master suite with his and her vanity rooms, massive walk in closet, tub area and walk through shower. You will love the first floor family room with custom shelving and views of the outdoor fireplace. The first floor mud room is well designed with a place for everything and a powder room. You'll appreciate the second floor laundry and the gorgeous bedroom suites and second floor "lounge" All mechanicals are newer. This stately home sits back on a beautiful lot on prestigious "Ridge Road" There is a separate structure which is perfect for outdoor entertaining. A portion of the pond is on this lot which again provides more amazing views. This is a very special home and it is absolutely like no other!

Last Agent to Sell the Property

Maureen O'Grady-Tuohy

Berkshire Hathaway HomeServices Chicago License #475094236 Listed on: 09/01/2020

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Mona Hellinga

@properties Christie's International Real Estate License #471003447

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,457

Year Built | Renovated

  • 1937 | 2014

Lot Details

  • East or West Exposure

Parking

  • Attached Garage
  • Garage Is Owned

Home Design

  • English Architecture
  • Brick Exterior Construction

Interior Spaces

  • Bookcases
  • Gas Log Fireplace
  • Mud Room
  • Home Office
  • Recreation Room
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement
  • Breakfast Bar
  • Laundry on upper level

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,457

Year Built | Renovated

1937 | 2014

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Recent Rehab: Yes
  • Age: 81-90 Years
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Number Interior Fireplaces: 4
  • Ownership: Fee Simple
  • Rebuilt(yn): Yes
  • Rebuilt Year: 2014
  • Rehab Year: 2014
  • Total Full or Half Bathrooms: 5.2
  • Style Of House: English
  • Type Detached: 2 Stories
  • Estimated Year Built: 1937
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1937
  • Year Renovated: 2014

Interior Features

  • Interior Property Features: Hardwood Floors, 2nd Floor Laundry, Walk-In Closet(s), Bookcases
  • Number Of Rooms: 11
  • Living Room: Dimensions: 26X16, On Level: Main Level, Flooring: Hardwood
  • Fireplace Details: Gas Logs
  • Fireplace Location: Living Room, Master Bedroom
  • Basement: Partial
  • Basement: Unfinished
  • Bedrooms All Levels: 5
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 5
  • Laundry: Dimensions: 9X9, On Level: 2nd Level
  • Dining Room: Dimensions: 18X16, On Level: Main Level
  • Kitchen Type: Dimensions: 23X16, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: 5th Bedroom, Office, Recreation Room, Mud Room
  • Master Bedroom: Dimensions: 21X15, On Level: 2nd Level
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 16X14, On Level: 2nd Level
  • Additional Room 2 Name: Office, Dimensions: 16X16, On Level: Main Level
  • Bedroom 2: Dimensions: 16X14, On Level: 2nd Level
  • Additional Room 3 Name: Recreation Rm, Dimensions: 21X19, On Level: 2nd Level
  • Bedroom 3: Dimensions: 16X14, On Level: 2nd Level
  • Additional Room 4 Name: Mud, Dimensions: 18X16, On Level: Main Level
  • Bedroom 4: Dimensions: 20X14, On Level: 2nd Level
  • Additional Room 5 Name: Other, Dimensions: 16X8, On Level: Main Level
  • Estimated Sq Ft: 7618
  • Dining Room Type: Separate
  • Family Room: Dimensions: 25X16, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: 2.0-2.99 Acres
  • Exterior Building Type: Brick
  • Waterfront: Yes
  • Exposure: E (East)
  • Acreage: 2.68

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 115
  • Elementary School: Cherokee Elementary School
  • Middle School: Deer Path Middle School
  • High School: Lake Forest High School
  • Junior High Dist: 67

Lot Info

  • Lot Dimensions: 105X524X200X530
  • Parcel Identification Number: 16053010600000

Tax Info

  • Taxes: 35464

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
May 28, 2021
Sold by
Bennett Christopher P and Bennett Maureen Cullinan
Bought by
Bennett Christopher P and Christopher P Bennett Trust
Seller's Agent
Maureen O'Grady-Tuohy
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Mona Hellinga
@properties Christie's International Real Estate
List Price
$2,999,000
Sold Price
$2,750,001
Premium/Discount to List
-$248,999
-8.3%
Current Estimated Value
$3,310,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$560,129
Avg. Annual Appreciation
5.46%
Original Mortgage
$2,200,000
Outstanding Balance
$1,985,020
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$1,486,487

Purchase Details

Listed on
Sep 1, 2020
Closed on
Apr 24, 2021
Sold by
Park Anthony and Park Heerim
Bought by
Bennett Christopher P and Bennett Maureen Cullinan
Seller's Agent
Maureen O'Grady-Tuohy
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Mona Hellinga
@properties Christie's International Real Estate
List Price
$2,999,000
Sold Price
$2,750,001
Premium/Discount to List
-$248,999
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Outstanding Balance
$1,985,020
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$1,486,487

Purchase Details

Listed on
Nov 19, 2012
Closed on
Mar 19, 2013
Sold by
Walgreen Charles Richard
Bought by
Park Anthony and Park Heerim
Seller's Agent
Mona Hellinga
@properties Christie's International Real Estate
Buyer's Agent
Maureen O'Grady-Tuohy
Berkshire Hathaway HomeServices Chicago
List Price
$1,395,000
Sold Price
$1,100,000
Premium/Discount to List
-$295,000
-21.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Bennett Christopher P -- None Available
Bennett Christopher P $2,750,500 Chicago Title
Park Anthony $1,100,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Christopher P $2,200,000
Previous Owner Park Anthony $930,000
Previous Owner Park Anthony $925,000
Previous Owner Park Anthony J $800,000
Previous Owner Walgreen Charles Richard $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2021 04/28/21 Sold $2,750,001 -8.3% $361 / Sq Ft
02/14/2021 02/14/21 Pending -- -- --
09/01/2020 09/01/20 For Sale $2,999,000 +172.6% $394 / Sq Ft
03/19/2013 03/19/13 Sold $1,100,000 -21.1% $150 / Sq Ft
11/22/2012 11/22/12 Pending -- -- --
11/19/2012 11/19/12 For Sale $1,395,000 -- $190 / 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 $48,457 $815,218 $280,929 $534,289
2023 $39,808 $782,359 $269,606 $512,753
2022 $39,808 $668,859 $283,956 $384,903
2021 $37,643 $644,870 $273,772 $371,098
2020 $36,672 $646,227 $274,348 $371,879
2019 $35,466 $645,130 $273,882 $371,248
2018 $39,604 $764,160 $290,292 $473,868
2017 $39,230 $761,722 $289,366 $472,356
2016 $38,043 $732,918 $278,424 $454,494
2015 $37,481 $688,639 $261,603 $427,036
2014 $20,314 $369,891 $263,474 $106,417
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10842374

Midwest Real Estate Data (MRED)

APN: 16-05-301-092