NOT LISTED FOR SALE

700 S Ridge Rd Lake Forest, IL 60045

Estimated Value: $3,828,444 - $4,403,000

8 Beds
12 Baths
10,680 Sq Ft
$396/Sq Ft Est. Value

Sale Details

Date Sold: April 8, 2020

Last sale price $2,900,000 $272 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $29,213 / mo

261 Days on Market

Highlights

  • Home Theater
  • In Ground Pool
  • Landscaped Professionally
  • Cherokee Elementary School Rated A
  • Multiple Garages
  • Recreation Room

About This Home

As of April 2020

Take note! Incomparable and irreplaceable residence, privately situated on impeccably manicured grounds. This estate home has been enhanced and renovated in every aspect, to create an outstanding family oasis, with nothing left untouched. The condition is meticulous both inside and out. The residence is introduced by a formal motorcourt and entryway, protecting guests from the elements. The truly breathtaking entry foyer leads to beautifully proportioned rooms with tall ceilings, exquisite millwork, and finishes. Views from the formal rooms capture the first glimpse of the expansive grounds & gardens. While every bit ready for a formal affair, the heart of the home is the superb kitchen with multiple service pantries, breakfast/hearth room and exceptional family room ready for favored friends and family. All bedrooms feature gorgeous private baths. Pool & pool house with outdoor kitchen, fireplace, covered patio and bath with changing room. Sport court. Great finished basement. 5 car garage parking, wired for car charging. Generator. Rest assured this home will not disappoint.

Last Agent to Sell the Property

Nancy Adelman

Compass License #475123518 Listed on: 05/29/2019

Compass

Last Buyer's Agent

Janice Corley

RE/MAX Premier License #471003830

RE/MAX Premier

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1938 | 1998

Lot Details

  • Fenced Yard
  • Landscaped Professionally

Parking

  • Garage
  • Multiple Garages
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Circular Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Georgian Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • Fireplace With Gas Starter
  • Breakfast Room
  • Home Theater
  • Library
  • Recreation Room
  • Heated Sun or Florida Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • In Ground Pool
  • Patio
  • Outdoor Grill

Utilities

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

Home Details

Home Type

Single Family

Year Built | Renovated

1938 | 1998

Lot Details

5 Acres

Parking

5

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Recent Rehab: Yes
  • Age: 81-90 Years
  • Full Bathrooms: 9
  • Half Bathrooms: 3
  • Number Interior Fireplaces: 6
  • Ownership: Fee Simple
  • Rehab Year: 1998
  • Total Full or Half Bathrooms: 9.3
  • Style Of House: Georgian
  • Type Detached: 3 Stories
  • Estimated Year Built: 1938
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1938
  • Year Renovated: 1998

Interior Features

  • Interior Property Features: Hardwood Floors, 2nd Floor Laundry
  • Number Of Rooms: 17
  • Living Room: Dimensions: 24X30, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Appliances: Oven-Double, Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood
  • Equipment: Security System, Sump Pump, Sprinkler-Lawn, Power Generator
  • Fireplace Details: Gas Starter
  • Attic: Finished, Full, Interior Stair
  • Fireplace Location: Family Room, Living Room, Master Bedroom
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 8
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Steam Shower, Double Sink
  • Above Grade Bedrooms: 8
  • Laundry: Dimensions: 8X8, On Level: 2nd Level
  • Dining Room: Dimensions: 19X30, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Kitchen Type: Dimensions: 19X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Pantry-Butler, Pantry-Walk-in
  • Additional Rooms: 5th Bedroom, 6th Bedroom, 7th Bedroom, 8th Bedroom, Breakfast Room, Library, Recreation Room, Media Room, Sun/Florida Room Heated
  • Master Bedroom: Dimensions: 24X18, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 15X14, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 2 Name: 6th Bdrm, Dimensions: 20X13, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 17X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 3 Name: 7th Bdrm, Dimensions: 20X13, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 16X14, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 4 Name: 8th Bdrm, Dimensions: 20X10, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 4: Dimensions: 19X14, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 6 Name: Breakfast Rm, Dimensions: 14X15, On Level: Main Level, Flooring: Hardwood
  • Additional Room 7 Name: Library, Dimensions: 15X26, On Level: Main Level, Flooring: Hardwood
  • Additional Room 8 Name: Recreation Rm, Dimensions: 29X27, On Level: Basement, Flooring: Carpet
  • Additional Room 9 Name: Media Rm, Dimensions: 20X41, On Level: Basement, Flooring: Carpet
  • Additional Room 10 Name: Sun/Florida Room Heated, Dimensions: 19X19, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 10680
  • Dining Room Type: Separate
  • Family Room: Dimensions: 28X27, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes

Exterior Features

  • Foundation: Concrete
  • Lot Size: 5.0-5.99 Acres
  • Exterior Building Type: Brick
  • Roof Type: Tile
  • Exterior Property Features: Patio, Pool In-Ground, Outdoor Grill
  • Acreage: 5

Garage/Parking

  • Number of Cars: 5
  • Parking: Garage
  • Garage Type: Attached, Detached
  • Garage Details: Garage Door Opener(s), Transmitter(s), Heated, Multiple Garages
  • Garage On Site: Yes
  • Number Garage Spaces: 5
  • Driveway: Asphalt, Circular
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 400 Amp Service or Greater
  • Air Conditioner: Central Air, Zoned
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • Junior High Dist: 67

Lot Info

  • Lot Dimensions: 493X513X445X398
  • Lot Description: Fenced Yard, Landscaped Professionally
  • Parcel Identification Number: 16053010800000
  • Zero Lot Line: No

Tax Info

  • Taxes: 55143.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2019
Closed on
Mar 18, 2020
Sold by
Chicago Title Land Trust Company
Bought by
Chicago Title Land Trust Company and Trust Number 8002382620
Seller's Agent
Nancy Adelman
Compass
Buyer's Agent
Janice Corley
RE/MAX Premier
List Price
$4,475,000
Sold Price
$2,900,000
Premium/Discount to List
-$1,575,000
-35.2%
Current Estimated Value
$4,309,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,409,563
Avg. Annual Appreciation
6.49%
Original Mortgage
$2,320,000
Outstanding Balance
$2,059,341
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$2,171,770

Purchase Details

Closed on
Mar 4, 2010
Sold by
Mills Charles and Mills Kristen
Bought by
Chicago Title Land Trust Company and Trust #8002354126

Purchase Details

Closed on
Mar 3, 1997
Sold by
The Chicago Trust Company
Bought by
Mills Charles N and Mills Kristen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chicago Title Land Trust Company $2,900,000 Chicago Title
Chicago Title Land Trust Company -- None Available
Mills Charles N $1,740,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chicago Title Land Trust Company $2,320,000
Previous Owner Mills Charles N $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2020 04/08/20 Sold $2,900,000 -17.0% $272 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
01/04/2020 01/04/20 Price Changed $3,495,000 -6.8% $327 / Sq Ft
11/11/2019 11/11/19 Price Changed $3,750,000 -10.6% $351 / Sq Ft
09/23/2019 09/23/19 Price Changed $4,195,000 -6.3% $393 / Sq Ft
05/29/2019 05/29/19 For Sale $4,475,000 -- $419 / 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 $74,478 $1,240,013 $363,080 $876,933
2023 $53,496 $1,190,031 $348,445 $841,586
2022 $53,496 $890,545 $366,991 $523,554
2021 $50,605 $858,605 $353,829 $504,776
2020 $49,292 $860,412 $354,574 $505,838
2019 $47,689 $858,952 $353,972 $504,980
2018 $55,201 $1,046,580 $375,182 $671,398
2017 $53,875 $1,043,241 $373,985 $669,256
2016 $52,250 $1,003,792 $359,843 $643,949
2015 $51,455 $943,148 $338,103 $605,045
2014 $51,742 $959,693 $340,522 $619,171
2012 $49,945 $951,227 $337,518 $613,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10367044

Midwest Real Estate Data (MRED)

APN: 16-05-301-080

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