NOT LISTED FOR SALE

520 Forest Cove Rd Lake Bluff, IL 60044

Estimated Value: $3,379,000 - $3,685,000

6 Beds
4.5 Baths
5,637 Sq Ft
$629/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $3,200,000 $568 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $25,225/month

73 Days on Market

Highlights

  • Water Views
  • 1.46 Acre Lot
  • Mature Trees
  • Lake Bluff Elementary School Rated A
  • Landscaped Professionally
  • Fireplace in Primary Bedroom

About This Home

As of February 2024

Nestled at the end of a serene cul-de-sac, enveloped by towering, mature trees, and enjoying lake views from its position just one house away from Lake Michigan, this custom-built, 6 bedrooms/4-full and 1-half bath home on a secluded 1.5-acre parcel encapsulates the best of everything North Shore living has to offer. With the kitchen and numerous rooms offering year-round partial views of the lake, easy access to the beach, schools, town, and train station by foot or bike, abundant outdoor entertainment spaces, and an array of sunlit offices and study areas, this home epitomizes modern family living. The kitchen, awash in natural light, is ideal for hosting large gatherings with its top-tier commercial appliances, dual sinks, ovens, dishwashers, a supplementary storage pantry, a butler's pantry, and a formal dining room. Step into a unique walled garden sanctuary surrounded by blue stone hardscapes, a screened porch with heated floor, and an outdoor shower. The second floor, bathed in natural light, offers five bedrooms and ample space and privacy for family and guests. The master bedroom features a wood-burning fireplace, steam shower, coffee/wine bar, and his-and-hers walk-in closets. The third floor, with lake views, can serve as an office, playroom, lounge, or a tranquil retreat. The lower level encompasses a completely remodeled laundry room with new double washers/dryers, expansive storage areas, a versatile recreation space, and comprehensive workout facilities for the entire family. All-brick custom construction spanning four floors of living space, additional highlights include a first-floor office or 6th bedroom with a full bath, a large mudroom with a dog wash, an oversized, heated, three-car attached garage with direct basement access, and your own private meditation trail weaving through the expansive property. The exterior was freshly painted in 2021, a new driveway was poured in 2018, and the current owners upgraded all landscape lighting, automated sprinkler systems, three gas furnaces, and two air conditioners. Professionally landscaped and maintained by Mariani Landscape. This property offers a rare blend of in-town convenience and North Shore seclusion, with year-round lake views in the heart of Chicago's Northshore. Currently, in just the second ownership, this home was designed by architect Rob Douglass and built by Traditional Concepts Builders. Interior design by Teresa Manns Design.

Last Agent to Sell the Property

Alissa McNicholas

Compass License #475134192 Listed on: 10/16/2023

Compass

Co-Listed By

Lori Baker

Compass License #475134193

Last Buyer's Agent

Sue Carey

Baird & Warner License #471003201

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,327

Year Built

  • Built in 1996

Lot Details

  • 1.46 Acre Lot
  • Lot Dimensions are 149x251x220x250x20
  • Cul-De-Sac
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Mature Trees
  • Garden

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,637 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Mud Room
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Sitting Room
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Screened Porch
  • Home Gym
  • Wood Flooring
  • Water Views

Kitchen

  • Double Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Chute

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Finished Basement Bathroom

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Lake Bluff Elementary School
  • Lake Bluff Middle School
  • Lake Forest High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Two Heating Systems
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,327

Year Built

Built in 1996

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1996
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Fireplace Features: Wood Burning
  • Fireplaces: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, First Floor Bedroom, First Floor Full Bath, Built-in Features, Walk-In Closet(s)
  • LivingArea: 5637
  • Other Equipment: Humidifier, Central Vacuum, Security System, CO Detectors, Sump Pump, Sprinkler-Lawn, Backup Sump Pump;
  • Room Type: Bedroom 5, Bedroom 6, Breakfast Room, Office, Recreation Room, Sitting Room, Exercise Room, Mud Room, Screened Porch
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Whirlpool,Separate Shower,Steam Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Living Room,Master Bedroom
  • Total Sq Ft: 0
  • Attic: Finished,Full
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Porch Screened
  • Foundation Details: Concrete Perimeter
  • List Price: 3400000
  • Lot Features: Cul-De-Sac, Landscaped, Water View, Mature Trees, Garden, Outdoor Lighting
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Laundry Features: Gas Dryer Hookup, Laundry Chute, Sink
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lake Bluff Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Lake Bluff Middle School
  • Middle/Junior School District: 65

Lot Info

  • Lot Size Acres: 1.46
  • Lot Dimensions: 149X251X220X250X20
  • Rural (Y/N): N
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 58327
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2023
Closed on
Jan 22, 2024
Sold by
Trust Number 8002359893
Bought by
Ann A Mazza Trust and Hugh James Mazza Trust
Seller's Agent
Alissa McNicholas
Compass
Buyer's Agent
Sue Carey
Baird & Warner
List Price
$3,400,000
Sold Price
$3,200,000
Premium/Discount to List
-$200,000
-5.88%
Views
335
Current Estimated Value
$3,543,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,156
Avg. Annual Appreciation
4.78%

Purchase Details

Closed on
Aug 16, 2012
Sold by
Evans Paul T and Evans Deborah A
Bought by
Chicago Title Land Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2004
Sold by
Evans Paul T and Evans Deborah A
Bought by
Evans Paul T and Evans Deborah A

Purchase Details

Closed on
Mar 15, 1996
Sold by
Mowry William A and Mowry Mary D
Bought by
Evans Paul T and Evans Deborah A
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
Ann A Mazza Trust $3,200,000 Chicago Title
Chicago Title Land Trust Company $1,850,000 Chicago Title Land Trust Com
Evans Paul T -- --
Evans Paul T $550,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chicago Title Land Trust Company $60,000
Previous Owner Evans Paul T $1,000,000
Previous Owner Evans Paul T $750,000
Previous Owner Evans Paul T $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $3,200,000 -5.9% $568 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
10/16/2023 10/16/23 For Sale $3,400,000 -- $603 / 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 $71,481 $1,072,891 $325,212 $747,679
2023 $58,327 $989,022 $299,790 $689,232
2022 $58,327 $830,513 $251,743 $578,770
2021 $56,297 $823,350 $249,572 $573,778
2020 $55,069 $827,903 $250,952 $576,951
2019 $53,101 $812,705 $246,345 $566,360
2018 $46,948 $737,956 $277,960 $459,996
2017 $46,557 $725,621 $273,314 $452,307
2016 $44,908 $690,673 $260,150 $430,523
2015 $44,574 $650,351 $244,962 $405,389
2014 $41,924 $611,302 $219,926 $391,376
2012 $44,654 $700,028 $221,834 $478,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11903099

Midwest Real Estate Data (MRED)

APN: 12-21-402-078