NOT LISTED FOR SALE

515 Briar Ln Lake Forest, IL 60045

Estimated Value: $853,000 - $1,106,000

3 Beds
2.5 Baths
2,800 Sq Ft
$354/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $925,000 $330 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,232/month

4 Days on Market

Highlights

  • 0.79 Acre Lot
  • Vaulted Ceiling
  • 2 Car Attached Garage
  • Cherokee Elementary School Rated A
  • Skylights
  • Walk-In Closet

About This Home

As of February 2024

Welcome to 515 Briar Lane in Whispering Oaks in East Lake Forest! This fully renovated Brick Ranch on almost acre of land, set 100 feet back off the road for ultimate privacy and luxury. The home looks out over a large backyard of wooded landscape with no other homes in sight. High end finishes in this fully updated home. 3 Bedrooms ALL with ensuite bathrooms on main level. Starting with Primary bedroom with dual vanity ensuite bath, large glass shower with bench and very generous sized walk-in closet w/ pocket door. Additional 2 bedrooms on main level with a newly designed jack and jill bathroom between them. Front entrance includes a lofted entry way with coat closet and pendant lighting. Enter into the family room and kitchen areas with beautiful wood paneled ceiling, timber beams and skylight. Custom arched built-ins, with floating shelves and storage cabinets anchor each side of new wood-burning FIREPLACE with gas starter. Kitchen features include; custom cabinets including a pantry with full pull outs and slow close, large island, a custom chefs hood above range, a coffee bar, open shelving. Main level also includes a new full side by side laundry closet near the bedrooms, a second living space that can be used as a den, parlor or a large formal dining art gallery. Mudroom off the attached 2 car garage w/ mini cubby area for coats/shoes. 1st floor also has a gorgeous new black marble tiled powder room w/ wall mounted faucet for your guests. Other updates include, Brand new black Architectural Marvin windows/exterior doors throughout and a NEW ROOF for the home, NEW mechanicals. Basement has possible upgrades available, but will be great currently for tons of storage, workshops, crafts as it is. Wonderful neighborhood with mature trees near Cherokee elementary and less than a 5 min drive or 10 min bike ride to downtown, LF beach, restaurants and train.

Last Agent to Sell the Property

William Fisher

Compass License #475171783 Listed on: 01/24/2024

Compass

Last Buyer's Agent

Albert Pino

@properties Christie's International Real Estate License #475168130

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,841

Year Built

  • Built in 1956 | Remodeled in 2024

Lot Details

  • 0.79 Acre Lot
  • Lot Dimensions are 150x285

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • Family Room with Fireplace
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in multiple locations

Kitchen

  • Gas Oven
  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet

Schools

  • Lake Forest High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,841

Year Built

Built in 1956 | Remodeled in 2024

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1956
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2024

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Gas Oven, Range Hood
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s)
  • LivingArea: 2800
  • Room Type: Walk In Closet
  • Estimated Total Finished Sq Ft: 2000
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 2000
  • Fireplace Location: Family Room
  • Total Sq Ft: 2800
  • Upper Level Sq Ft: 2000
  • Unfinished Lower Sq Ft: 800
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 925000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • OpenParkingSpaces: 2
  • Parking Features: Driveway
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Multiple Locations
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Lake Forest High School
  • Middle/Junior School District: 67

Lot Info

  • Lot Size Acres: 0.79
  • Lot Dimensions: 150X285
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10840.62
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Feb 29, 2024
Sold by
515 Briar Lane Llc
Bought by
Wwnd Trust
Seller's Agent
William Fisher
Compass
Buyer's Agent
Albert Pino
@properties Christie's International Real Estate
List Price
$925,000
Sold Price
$925,000
Views
56
Current Estimated Value
$992,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,116
Avg. Annual Appreciation
4.45%
Original Mortgage
$675,000
Outstanding Balance
$662,947
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$329,169

Purchase Details

Closed on
Jan 3, 2023
Sold by
Lydy Richard G
Bought by
515 Briar Lane Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,900
Interest Rate
6.31%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Wwnd Trust $925,000 Heritage Title
515 Briar Lane Llc $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wwnd Trust $675,000
Previous Owner 515 Briar Lane Llc $599,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $925,000 0.0% $330 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $925,000 -- $330 / 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 $11,425 $218,951 $110,700 $108,251
2023 $11,779 $190,680 $106,238 $84,442
2022 $11,779 $202,293 $109,763 $92,530
2021 $11,129 $195,037 $105,826 $89,211
2020 $10,841 $195,448 $106,049 $89,399
2019 $10,479 $195,116 $105,869 $89,247
2018 $9,659 $189,313 $112,212 $77,101
2017 $9,468 $188,709 $111,854 $76,855
2016 $9,172 $181,573 $107,624 $73,949
2015 $9,038 $170,603 $101,122 $69,481
2014 $8,952 $171,039 $101,845 $69,194
2012 $8,651 $169,531 $100,947 $68,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11966024

Midwest Real Estate Data (MRED)

APN: 16-04-406-017