NOT LISTED FOR SALE

787 E Illinois Rd Lake Forest, IL 60045

Estimated Value: $2,214,000 - $2,478,000

4 Beds
6 Baths
4,852 Sq Ft
$493/Sq Ft Est. Value

Last Sold January 11, 2021

Last sale price $1,600,000 $330 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $15,567/month

Highlights

  • Updated Kitchen
  • Heated Floors
  • Farmhouse Style Home
  • Sheridan Elementary School Rated A
  • Open Floorplan
  • Granite Countertops

About This Home

As of January 2021

Originally built as the coach house for the President of Lake Forest College, this very East, completely updated, 4 br home will wow you.

Last Agent to Sell the Property

Kendelle Cornette

Berkshire Hathaway HomeServices Chicago License #475180396 Listed on: 11/15/2020

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

John Harty

The Harty Realty Group License #471015853

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1926 | 2018

Lot Details

  • East or West Exposure

Parking

  • Attached Garage
  • Garage Is Owned

Home Design

  • Farmhouse Style Home
  • Slab Foundation
  • Shake Roof
  • Stucco Exterior

Interior Spaces

  • Open Floorplan
  • Bookcases
  • Bar Fridge
  • Skylights
  • Gas Log Fireplace
  • Blinds
  • Family Room Downstairs
  • Formal Dining Room
  • Library

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • High End Refrigerator
  • Bar Refrigerator
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Garden Bath
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Patio
  • Fire Pit
  • Outdoor Grill

Utilities

  • Central Air
  • Gravity Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $1,200 Seller Concession

Home Details

Home Type

Single Family

Year Built | Renovated

1926 | 2018

Lot Details

0.55 Acres

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 5
  • Ownership: Fee Simple
  • Rehab Year: 2018
  • Total Full or Half Bathrooms: 5.1
  • Style Of House: Farmhouse
  • Type Detached: 2 Stories
  • Estimated Year Built: 1926
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1926
  • Year Renovated: 2018

Interior Features

  • Interior Property Features: Skylight(s), Hardwood Floors, Heated Floors, 1st Floor Laundry, 1st Floor Full Bath, Walk-In Closet(s), Bookcases, Open Floorplan, Drapes/Blinds, Granite Counters, Separate Dining Room
  • Number Of Rooms: 10
  • Living Room: Dimensions: 18X18, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Refrigerator-Bar, Freezer, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Cooktop, Oven/Built-in, Range Hood, Gas Cooktop, Wall Oven
  • Fireplace Details: Gas Logs, Gas Starter
  • Attic: Unfinished
  • Fireplace Location: Family Room, Living Room, Master Bedroom, Den/Library, Dining Room
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink, Garden Tub
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 9X20, On Level: Main Level, Flooring: Porcelain Tile
  • Dining Room: Dimensions: 17X16, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 20X16, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Pantry-Butler, Pantry-Closet, Pantry-Walk-in, Custom Cabinetry, Granite Counters, Pantry, Updated Kitchen
  • Additional Rooms: Library, Family Room - Down
  • Master Bedroom: Dimensions: 12X21, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Library, Dimensions: 18X17, On Level: Main Level
  • Additional Room 2 Name: Family Room - Down, Dimensions: 23X19, On Level: Basement
  • Bedroom 2: Dimensions: 14X11, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 18X12, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 16X11, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 4852
  • Dining Room Type: Separate
  • Family Room: Dimensions: 23X20, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: .50-.99 Acre
  • Exterior Building Type: Stucco
  • Roof Type: Shake
  • Exterior Property Features: Patio, Outdoor Grill, Fire Pit
  • Exposure: E (East)
  • Acreage: 0.5591

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Storm
  • Heating Fuel: Gas, Gravity Air

Schools

  • Junior High Dist: 67

Lot Info

  • Lot Dimensions: 121X165X145X124X54
  • Parcel Identification Number: 12334090880000

Tax Info

  • Taxes: 34679.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2025
Sold by
Phillips Marc A and Ballen Eliza
Bought by
Marc Aaron Phillips Trust and Eliza Lee Ballen Trust
Current Estimated Value
$2,391,564

Purchase Details

Listed on
Nov 15, 2020
Closed on
Jan 5, 2021
Sold by
Deering Michael J and Deering Johnna
Bought by
Phillips Marc A and Ballen Eliza
Seller's Agent
Kendelle Cornette
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
John Harty
The Harty Realty Group
List Price
$1,690,000
Sold Price
$1,600,000
Premium/Discount to List
-$90,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%
Original Mortgage
$1,280,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2004
Sold by
Benjamin Lawrence and Shank Margaret
Bought by
Deering Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 1995
Sold by
Northern Tr Bank Lake Forest Natl Assn
Bought by
Benjamin Lawrence and Shank Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Marc Aaron Phillips Trust -- None Listed On Document
Phillips Marc A $1,600,000 Fidelity National Title
Deering Michael J $1,850,000 St
Benjamin Lawrence $900,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Marc A $1,280,000
Previous Owner Deering Michael J $1,295,000
Previous Owner Benjamin Lawrence $700,000
Closed Deering Michael J $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2021 01/11/21 Sold $1,600,000 -5.3% $330 / Sq Ft
12/01/2020 12/01/20 For Sale $1,690,000 -- $348 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
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 $38,964 $705,186 $194,302 $510,884
2023 $38,964 $619,106 $170,584 $448,522
2022 $34,945 $578,737 $159,461 $419,276
2021 $33,976 $573,746 $158,086 $415,660
2020 $32,868 $576,919 $158,960 $417,959
2019 $34,679 $628,292 $156,042 $472,250
2018 $18,088 $624,392 $208,040 $416,352
2017 $31,697 $613,954 $204,562 $409,392
2016 $30,403 $584,384 $194,710 $389,674
2015 $30,064 $550,268 $183,343 $366,925
2014 $28,923 $527,117 $164,605 $362,512
2012 $28,346 $531,690 $166,033 $365,657
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kendelle Cornette

    Berkshire Hathaway HomeServices Chicago

    (847) 338-5885

    1 Total Sale

    Kendelle Cornette
    Section Image
  • John Harty

    Buyer's Agent in 2021

    John Harty

    The Harty Realty Group

    (847) 514-4926

    3 Total Sales

    John Harty
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10945299

Midwest Real Estate Data (MRED)

APN: 12-33-409-088

Illinois Lake County Lake Forest 60045

787 E Illinois Rd, Lake Forest, IL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.