NOT LISTED FOR SALE

501 Oakwood Ave Unit 2C Lake Forest, IL 60045

Estimated Value: $931,384 - $1,063,000

3 Beds
3 Baths
2,069 Sq Ft
$1,006/mo HOA Fee

Last Sold September 06, 2022

Last sale price $700,000 $338 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $7,468/month

6 Days on Market

Highlights

  • Landscaped Professionally
  • Mature Trees
  • End Unit
  • Sheridan Elementary School Rated A
  • Sun or Florida Room
  • Formal Dining Room

About This Home

As of September 2022

CHARMING IN-TOWN CONDOMINIUM IN THE HISTORIC DISTRICT OF LAKE FOREST ADJACENT TO THE DEERPATH INN. SPACIOUS 2,069 SQUARE FEET INCLUDING AN EXQUISITE LIVING ROOM WITH FIREPLACE, ADJOINING SUNROOM WITH BALCONY AND A SEPARATE DINING ROOM. THE FULLY APPOINTED LIBRARY WITH FULL BATH CAN BE A 3RD BEDROOM. FINISHING TOUCHES INCLUDE PARQUET FLOORS, CROWN MOLDING, EAT-IN WHITE KITCHEN, THREE FULL BATHS, THREE WALK-IN CLOSETS, IN UNIT LAUNDRY, WOODED VIEWS, A STORAGE ROOM AND TWO HEATED GARAGE PARKING SPACES. RARE OPPORTUNITY TO OWN A 3 BEDROOM, 3 BATH CONDO IN A PICTURESQUES 15 UNIT BUILDING LOCATED IN A FABULOUS LOCATION! SOLD 1ST WEEK IN PRIVATE NETWORK.

Last Agent to Sell the Property

Catherine Kendall

@properties Christie's International Real Estate License #471002217 Listed on: 08/08/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Ann Lyon

@properties Christie's International Real Estate License #475126499

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,787

Year Built

  • Built in 1977

Lot Details

  • End Unit
  • Landscaped Professionally
  • Sprinkler System
  • Mature Trees

HOA Fees

  • $1,006 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,069 Sq Ft Home
  • 3-Story Property
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Sun or Florida Room
  • Home Security System

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

  • Sheridan Elementary School
  • Deer Path Middle School
  • Lake Forest High School

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • 200+ Amp Service
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • Association fees include water, parking, insurance, security, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, lake rights
  • 15 Units
  • Anna Stark Association, Phone Number (847) 866-7400
  • Property managed by Heil, Heil, Smart & Golee

Amenities

  • Common Area
  • Community Storage Space
  • Elevator

Pet Policy

  • Pets up to 25 lbs
  • Limit on the number of pets
  • Pet Size Limit

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,787

Year Built

Built in 1977

Lot Details

0

HOA Fees

$1,006 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1977
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Elevator
  • LivingArea: 2069
  • Other Equipment: TV-Cable, Security System, CO Detectors, Sprinkler-Lawn
  • Room Type: Sun Room
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2069
  • Basement Description: None
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony, End Unit, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 699000
  • Lot Features: Common Grounds, Landscaped, Mature Trees, Sidewalks, Streetlights
  • OtherStructures: Storage
  • Roof: Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Sewer-Storm
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Electric, Forced Air, Baseboard
  • Laundry Features: In Unit, Laundry Closet
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Number Limit, Size Limit
  • Association Fee: 3018
  • Association Amenities: Elevator(s), Storage
  • Association Fee Frequency: Quarterly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Heil, Heil, Smart & Golee
  • Management Contact Name: Anna Stark
  • Management Phone: 847-866-7400X666
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Security, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Lake Rights

Schools

  • Elementary School: Sheridan Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Deer Path Middle School
  • Middle/Junior School District: 67

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 25

Tax Info

  • Tax Annual Amount: 10787.44
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Sep 6, 2022
Sold by
Louise C Hough Trust
Bought by
Robert E Murphy Revocable Trust and Kathleen M Murphy Revocable Trust
Seller's Agent
Catherine Kendall
@properties Christie's International Real Estate
Buyer's Agent
Ann Lyon
@properties Christie's International Real Estate
List Price
$699,000
Sold Price
$700,000
Premium/Discount to List
$1,000
0.14%
Current Estimated Value
$993,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,346
Avg. Annual Appreciation
10.09%

Purchase Details

Closed on
Dec 7, 2009
Sold by
Borgstrom Margaret and The Margaret R Terry Living Tr
Bought by
Hough Louise C and The Louise C Hough Trust

Purchase Details

Closed on
Oct 7, 2002
Sold by
Cathcart Silas Strawn
Bought by
Margaret R Terry Living Trust

Purchase Details

Closed on
Apr 26, 2002
Sold by
Cathcart Silas Strawn
Bought by
Cathcart Silas Strawn
Source: Public Records

Range of Values:

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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
Robert E Murphy Revocable Trust $700,000 Chicago Title
Hough Louise C $493,000 Baird & Warner Title Service
Margaret R Terry Living Trust $422,000 --
Cathcart Silas Strawn -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $700,000 +0.1% $338 / Sq Ft
08/14/2022 08/14/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $699,000 -- $338 / 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 $14,589 $251,459 $23,098 $228,361
2023 $11,095 $231,802 $21,292 $210,510
2022 $11,095 $183,751 $16,878 $166,873
2021 $10,787 $182,166 $16,732 $165,434
2020 $10,545 $183,174 $16,825 $166,349
2019 $10,019 $179,811 $16,516 $163,295
2018 $9,704 $186,113 $18,093 $168,020
2017 $9,541 $183,002 $17,791 $165,211
2016 $9,156 $174,188 $16,934 $157,254
2015 $9,060 $164,018 $15,945 $148,073
2014 $7,593 $136,824 $18,573 $118,251
2012 $7,437 $138,011 $18,734 $119,277
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11486289

Midwest Real Estate Data (MRED)

APN: 12-33-123-010