NOT LISTED FOR SALE

550 Stable Ln Lake Forest, IL 60045

Estimated Value: $2,170,365 - $3,157,000

4 Beds
3.5 Baths
5,437 Sq Ft
$472/Sq Ft Est. Value

Last Sold August 24, 2016

Last sale price $1,550,000 $285 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $16,943/month

420 Days on Market

Highlights

  • 2.17 Acre Lot
  • Property is adjacent to nature preserve
  • Recreation Room
  • Cherokee Elementary School Rated A
  • Family Room with Fireplace
  • Wooded Lot

About This Home

As of August 2016

This unique Nantucket style home is located on a very special 2+ acres of naturalized landscape surrounded by acres of Open Lands Preservation area. The distinctive architecture and design combined with this lush private setting creates dramatic results and wonderful vistas in every room. Stunning living room, fabulous kitchen opens to 1 of 2 family rooms, master bedroom wing, 4 car heated garages w/epoxy flr. A 10!

Last Agent to Sell the Property

Michele Wilson

Coldwell Banker Realty License #475093438 Listed on: 05/27/2015

Coldwell Banker Realty

Last Buyer's Agent

Daniel DeLozier

Berkshire Hathaway HomeServices Chicago License #471002349

Berkshire Hathaway HomeServices Chicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,582

Year Built

  • Built in 1991

Lot Details

  • 2.17 Acre Lot
  • Lot Dimensions are 283.45x85.6x157.84x143.85
  • Property is adjacent to nature preserve
  • Cul-De-Sac
  • Paved or Partially Paved Lot
  • Wooded Lot

Parking

  • 4 Car Detached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,437 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Library
  • Recreation Room
  • Loft
  • Wood Flooring
  • Finished Basement
  • Partial Basement
  • Breakfast Bar
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • Dual Sinks
  • Separate Shower

Outdoor Features

  • Patio

Schools

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

Utilities

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

Community Details

  • Mcilvaine Meadows Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,582

Year Built

Built in 1991

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Subdivision Name: MCILVAINE MEADOWS
  • Year Built: 1991
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 5437
  • Room Type: Eating Area, Library, Loft, Recreation Room
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Living Room

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 1699000
  • Lot Features: Cul-De-Sac, Nature Preserve Adjacent, Wooded
  • Roof: Shake
  • Waterfront: No
  • Exterior Building Type: Cedar,Shakes,Stone

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: EVERETT ELEMENTARY SCHOOL
  • High School: LAKE FOREST HIGH SCHOOL
  • Middle/Junior School: DEER PATH MIDDLE SCHOOL
  • Middle/Junior School District: 67

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 2.17
  • Lot Dimensions: 283.45X85.6X157.84X143.85
  • Lot Size: 2.0-2.99 Acres
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 33582.41
  • Tax Year: 2015
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2015
Closed on
Aug 11, 2016
Sold by
White John D and White Antoinette
Bought by
Jorgensen Sharon S and Sharon S Jorgesen Revocable Tr
Seller's Agent
Michele Wilson
Coldwell Banker Realty
Buyer's Agent
Daniel DeLozier
Berkshire Hathaway HomeServices Chicago
List Price
$1,949,000
Sold Price
$1,550,000
Premium/Discount to List
-$399,000
-20.47%
Current Estimated Value
$2,566,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,016,341
Avg. Annual Appreciation
5.68%

Purchase Details

Closed on
Jul 28, 1995
Sold by
Wyer Douglass Robert Dun and Wyer Douglass Lucy
Bought by
White John D and White Barbar M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Interest Rate
6.29%
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
Jorgensen Sharon S $1,550,000 Attorney
White John D $1,387,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White John D $1,087,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2016 08/24/16 Sold $1,550,000 -8.8% $285 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
04/07/2016 04/07/16 Price Changed $1,699,000 -8.2% $312 / Sq Ft
11/05/2015 11/05/15 Price Changed $1,851,500 -5.0% $341 / Sq Ft
10/06/2015 10/06/15 For Sale $1,949,000 +25.7% $358 / Sq Ft
09/18/2015 09/18/15 Off Market $1,550,000 -- --
05/27/2015 05/27/15 For Sale $1,949,000 -- $358 / 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 $39,397 $672,662 $265,805 $406,857
2023 $26,130 $645,549 $255,091 $390,458
2022 $26,130 $446,000 $268,669 $177,331
2021 $24,694 $430,004 $259,033 $170,971
2020 $24,055 $430,909 $259,578 $171,331
2019 $23,278 $430,177 $259,137 $171,040
2018 $27,827 $538,636 $274,663 $263,973
2017 $27,311 $536,918 $273,787 $263,131
2016 $26,732 $656,252 $263,434 $392,818
2015 $33,526 $642,455 $247,519 $394,936
2014 $38,206 $710,228 $249,290 $460,938
2012 $36,883 $703,963 $247,091 $456,872
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08934567

Midwest Real Estate Data (MRED)

APN: 16-05-301-050