NOT LISTED FOR SALE

545 Crabtree Ln Lake Forest, IL 60045

Estimated Value: $2,878,000 - $3,229,000

5 Beds
6 Baths
6,235 Sq Ft
$495/Sq Ft Est. Value

Sale Details

Date Sold: January 29, 2021

Last sale price $3,155,000 $506 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $20,260 / mo

326 Days on Market

Highlights

  • Landscaped Professionally
  • Wooded Lot
  • Traditional Architecture
  • Sheridan Elementary School Rated A
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of January 2021

This stunning home, located East of Sheridan Road and mere blocks from Lake Michigan, is a completely renovated work of art by highly acclaimed designer, Megan Winters. Originally designed by renowned architect Jerome Cerny in 1962, this beauty rests on 1.85 acres of private land in East Lake Forest. Distinguished by design and defined by quality, this elegant home features cashmere wallpaper, striking light fixtures, and amazing sight lines. While maintaining the charm of the original exterior architecture, an entirely new living experience was created via a fully redesigned floor plan. Pops of color are visually stimulating throughout while fireplace focal points catch the eye. The kitchen is complete with black Viking appliances, an expansive island, leather pull details, large pantry spaces, and opens to the dynamic family room - truly a feast for the senses. The bedrooms are impeccably detailed with a flair for artistic integrity. The expansive property is meticulously landscaped with beautiful views yet offers complete privacy for the owner. This home is a modern day masterpiece.

Last Agent to Sell the Property

Dawn McKenna

Coldwell Banker Realty License #475122904 Listed on: 01/13/2020

Coldwell Banker Realty

Co-Listed By

Annie Lenzke

Coldwell Banker Realty License #475133720

Last Buyer's Agent

Non Member

NON MEMBER

Home Details

Home Type

  • Single Family

Year Built

  • 1962

Lot Details

  • Landscaped Professionally
  • Wooded Lot

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Gravel Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Shingle Roof
  • Cedar

Interior Spaces

  • Wet Bar
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Mud Room
  • Entrance Foyer
  • Home Office
  • Wood Flooring
  • Unfinished Basement
  • Partial Basement
  • Storm Screens

Kitchen

  • Breakfast Bar
  • Double Oven
  • Microwave
  • High End Refrigerator
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Patio

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

Year Built

1962

Lot Details

1.85 Acres

Parking

4

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Age: 51-60 Years
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 3
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 5.1
  • Style Of House: Traditional
  • Type Detached: 2 Stories
  • Estimated Year Built: 1962
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1962

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 10
  • Living Room: Dimensions: 28X19, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Microwave, High End Refrigerator, Washer, Dryer, Disposal
  • Equipment: Humidifier, Security System, Sump Pump
  • Fireplace Details: Wood Burning, Gas Logs
  • Attic: Unfinished
  • Fireplace Location: Family Room, Living Room
  • Basement: Partial
  • Basement: Unfinished
  • Bedrooms All Levels: 5
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink
  • Above Grade Bedrooms: 5
  • Laundry: Dimensions: 16X9, On Level: Main Level, Flooring: Other
  • Dining Room: Dimensions: 16X15, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 27X19, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space, Island
  • Additional Rooms: Mud Room, 5th Bedroom, Office, Foyer
  • Master Bedroom: Dimensions: 16X16, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Mud, Dimensions: 13X8, On Level: Main Level, Flooring: Other
  • Additional Room 2 Name: 5th Bdrm, Dimensions: 18X16, On Level: Main Level
  • Bedroom 2: Dimensions: 14X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 3 Name: Office, Dimensions: 21X17, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 13X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 4 Name: Foyer, Dimensions: 28X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 14X9, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 6235
  • Dining Room Type: Separate
  • Family Room: Dimensions: 27X19, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: 1.0-1.99 Acres
  • Exterior Building Type: Brick, Cedar
  • Roof Type: Wood Shakes/Shingles
  • Exterior Property Features: Patio, Storms/Screens
  • Acreage: 1.85

Garage/Parking

  • Number of Cars: 4
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 4
  • Driveway: Gravel
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

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

Schools

  • Junior High Dist: 67

Lot Info

  • Lot Dimensions: 200 X 518 X 130 X 310 X 75 X 181
  • Lot Description: Landscaped Professionally, Wooded
  • Parcel Identification Number: 12282080020000

Tax Info

  • Taxes: 26636

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2020
Closed on
Jan 27, 2021
Sold by
Winters Patrick J and Winters Megan M
Bought by
Lf House Llc
Seller's Agent
Dawn McKenna
Coldwell Banker Realty
Buyer's Agent
Non Member
NON MEMBER
List Price
$3,799,000
Sold Price
$3,155,000
Premium/Discount to List
-$644,000
-16.95%
Current Estimated Value
$3,085,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$69,562
Avg. Annual Appreciation
-0.43%

Purchase Details

Listed on
Oct 21, 2014
Closed on
Feb 24, 2017
Sold by
Tibbitts Raymond W and Tibbitts Marilyn G
Bought by
Winters Patrick J and Winters Megan M
Seller's Agent
Jean Anderson
Jameson Sotheby's International Realty
Buyer's Agent
Susie Banas
@properties Christie's International Real Estate
List Price
$2,195,000
Sold Price
$1,500,000
Premium/Discount to List
-$695,000
-31.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.89%
Original Mortgage
$1,125,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 14, 2008
Sold by
Tibbitts Raymond W and Tibbitts Marilyn G
Bought by
Tibbitts Raymond and Tibbitts Marilyn G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 1998
Sold by
Tibbitts Raymond W and Tibbitts Marilyn G
Bought by
Tibbitts Raymond W and Tibbitts Marilyn G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.75%
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
Lf House Llc $3,155,000 Chicago Title
Winters Patrick J $1,500,000 Fort Dearborn Title
Tibbitts Raymond -- Chicago Title Insurance Co
Tibbitts Raymond W -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Winters Patrick J $1,125,000
Previous Owner Tibbitts Raymond $770,000
Previous Owner Tibbitts Raymond W $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2021 01/29/21 Sold $3,155,000 -7.1% $506 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
10/11/2020 10/11/20 Price Changed $3,395,000 -10.6% $545 / Sq Ft
01/13/2020 01/13/20 For Sale $3,799,000 +153.3% $609 / Sq Ft
02/27/2017 02/27/17 Sold $1,500,000 -20.8% $264 / Sq Ft View Prior Sale
01/09/2017 01/09/17 Pending -- -- --
09/04/2015 09/04/15 Price Changed $1,895,000 -5.2% $334 / Sq Ft
03/09/2015 03/09/15 Price Changed $1,999,000 -8.9% $352 / Sq Ft
10/21/2014 10/21/14 For Sale $2,195,000 -- $386 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $48,171 $871,817 $519,502 $352,315
2023 $45,341 $765,397 $456,088 $309,309
2022 $45,341 $750,909 $447,455 $303,454
2021 $39,612 $674,917 $443,596 $231,321
2020 $38,725 $678,649 $446,049 $232,600
2019 $36,791 $666,191 $437,861 $228,330
2018 $26,351 $508,449 $345,745 $162,704
2017 $26,066 $499,950 $339,966 $159,984
2016 $37,194 $707,576 $550,575 $157,001
2015 $36,803 $761,086 $518,432 $242,654
2014 $46,103 $830,724 $465,446 $365,278
2012 $45,155 $837,931 $469,484 $368,447
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10531245

Midwest Real Estate Data (MRED)

APN: 12-28-208-002

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