NOT LISTED FOR SALE

707 Cherry Ave Lake Forest, IL 60045

Estimated Value: $413,000 - $564,000

3 Beds
2 Baths
950 Sq Ft
$506/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $335,000 $353 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,136/month

59 Days on Market

Highlights

  • Main Floor Bedroom
  • Farmhouse Style Home
  • Patio
  • Sheridan Elementary School Rated A
  • Cul-De-Sac
  • Storage Room

About This Home

As of July 2021

This charming farmhouse on quiet cul-de-sac in East Lake Forest was recently updated. Features include a sunny, eat-in kitchen with maple cabinets & hardwood floors. First floor bedroom or office en-suite. Laundry on the main level & plenty of storage in the basement. Big, beautiful yard with patio & storage shed. Enjoy all that Lake Forest has to offer.

Last Agent to Sell the Property

Kim Shortsle

Jameson Sotheby's International Realty License #475168103 Listed on: 04/30/2021

Jameson Sotheby's International Realty

Co-Listed By

Carleigh Mia Goldsberry

Jameson Sotheby's International Realty License #475167724

Last Buyer's Agent

Luke Mutter

RE/MAX Suburban License #471020502

RE/MAX Suburban

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,422

Year Built

  • Built in 1930 | Remodeled in 2019

Lot Details

  • 7,092 Sq Ft Lot
  • Lot Dimensions are 50 x 142
  • Cul-De-Sac
  • Paved or Partially Paved Lot

Home Design

  • Farmhouse Style Home
  • Brick Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 950 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Storage Room
  • Unfinished Basement
  • Partial Basement
  • Unfinished Attic

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Space is Owned

Outdoor Features

  • Patio
  • Shed

Schools

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

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,422

Year Built

Built in 1930 | Remodeled in 2019

Lot Details

7,092 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1930
  • Age: 91-100 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: 2019
  • New Construction Y/N: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2019

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Partial
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: 1st Floor Bedroom
  • LivingArea: 950
  • Other Equipment: Humidifier
  • Room Type: Storage
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Attic: Unfinished

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Lot Features: Cul-De-Sac
  • OtherStructures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 3
  • Number of Cars: 3
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Sheridan Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Deer Path Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1628
  • Lot Dimensions: 50 X 142
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 6422
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jul 12, 2021
Sold by
John A Looby Iv Trust and Megan P Looby Trust
Bought by
Krivoshik Andrew and Krivoshik Susan
Seller's Agent
Kim Shortsle
Jameson Sotheby's International Realty
Buyer's Agent
Luke Mutter
RE/MAX Suburban
List Price
$399,000
Sold Price
$335,000
Premium/Discount to List
-$64,000
-16.04%
Current Estimated Value
$480,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,567
Avg. Annual Appreciation
8.20%

Purchase Details

Closed on
Feb 9, 2018
Sold by
Looby John A and Looby Megan Palmer
Bought by
Looby John A and Looby Megan P

Purchase Details

Closed on
Apr 16, 2010
Sold by
Looby John A and Looby Megan Palmer
Bought by
Looby John A and Looby Megan Palmer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,300
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2008
Sold by
Cody Jason A and Cody Daphne C
Bought by
Looby John A and Palmer Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2000
Sold by
Stansbury James A
Bought by
Cody Jason A and Cody Daphne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
8.18%

Purchase Details

Closed on
Oct 22, 1998
Sold by
Anderson Tammy J
Bought by
Stansbury James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.68%

Purchase Details

Closed on
Jul 12, 1994
Sold by
Macmillan William and Macmillan Charles
Bought by
Anderson Tammy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
8.6%
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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Average Value
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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
Krivoshik Andrew $335,000 Chicago Title
Looby John A -- Attorney
Looby John A -- None Available
Looby John A $365,000 Ctic
Cody Jason A $269,000 --
Stansbury James A $160,000 1St American Title
Anderson Tammy J $150,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Looby John A $290,300
Previous Owner Looby John A $292,000
Previous Owner Cody Jason A $114,000
Previous Owner Stansbury James A $112,000
Previous Owner Anderson Tammy J $116,000
Closed Cody Jason A $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2021 07/19/21 Sold $335,000 -16.0% $353 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $399,000 0.0% $420 / Sq Ft
12/13/2019 12/13/19 Rented $2,175 -0.9% --
12/04/2019 12/04/19 Under Contract -- -- --
11/22/2019 11/22/19 Price Changed $2,195 -4.5% $2 / Sq Ft
11/01/2019 11/01/19 Price Changed $2,299 -2.2% $2 / Sq Ft
10/02/2019 10/02/19 Price Changed $2,350 -2.0% $2 / Sq Ft
09/10/2019 09/10/19 Price Changed $2,399 -5.9% $3 / Sq Ft
08/19/2019 08/19/19 For Rent $2,550 +8.5% --
09/19/2016 09/19/16 Rented $2,350 0.0% --
08/03/2016 08/03/16 For Rent $2,350 -- --
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 $7,930 $143,520 $84,876 $58,644
2023 $7,112 $126,001 $74,515 $51,486
2022 $7,112 $117,786 $69,657 $48,129
2021 $6,915 $116,770 $69,056 $47,714
2020 $6,760 $117,416 $69,438 $47,978
2019 $6,422 $115,260 $68,163 $47,097
2018 $6,556 $125,750 $90,691 $35,059
2017 $6,447 $123,648 $89,175 $34,473
2016 $6,187 $122,186 $84,880 $37,306
2015 $6,122 $115,053 $79,925 $35,128
2014 $5,793 $104,380 $71,757 $32,623
2012 $5,674 $105,285 $72,379 $32,906
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11061541

Midwest Real Estate Data (MRED)

APN: 12-33-409-062

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