Seller's Agent in 2022
Paula Johnson
Compass
(312) 919-4343
10 in this area
83 Total Sales
855 S Ridge Rd Lake Forest, IL 60045
Estimated Value: $843,000 - $927,000
1.39
Acres
$629,469
Price per Acre
60,548
Sq Ft Lot
Highlights
- 1.39 Acre Lot
- Cherokee Elementary School Rated A
- Central Air
About This Lot
As of September 2022Welcome to 855 S Ridge Road. A rare opportunity to own a piece of Lake Forest history. This gem of a property is a project for someone looking to have a one-of-a-kind home on a great piece of land. Renovate the current floor plan, add on, or turn this into the ultimate car clubhouse. Built-in 1935 by Stanley Anderson as horse stables for the surrounding farmland and estate. Throughout the years the use has changed and the land was subdivided and the stables were converted into a hobby farm, then into a residence, and most recently into collector car storage. Sitting on 1.39 acres with a gated driveway off of Ridge road, and green grass all the way to Hunter lane, with plenty of room to add on. A large heated garage was added in 2013 and was built to house collector cars. Easily room for 6+ cars with a catwalk above makes the perfect hangout to admire a car collection from above. Bring your plans, your ideas, and your wildest imagination to this one-of-a-kind property on Ridge Road. New design renderings have just been completed and are available to turn the barn into a unique new construction residence built around the original stables.
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,780
Lot Details
- 1.39 Acre Lot
- Lot Dimensions are 199x536
- Property is zoned SINGL
Home Design
- Slab Foundation
Laundry
- Laundry in unit
Schools
- Lake Forest High School
Utilities
- Central Air
- Partial Air Conditioning Available
- Heating System Uses Natural Gas
- Electricity To Lot Line
- Gas Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2022
Closed on
Sep 16, 2022
Sold by
855 South Ridge Llc
Bought by
Northworks Farm Llc
Seller's Agent
Paula Johnson
Compass
Buyer's Agent
Marina Carney
Compass
List Price
$649,000
Sold Price
$610,000
Premium/Discount to List
-$39,000
-6.01%
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,962
Avg. Annual Appreciation
12.82%
Original Mortgage
$442,500
Outstanding Balance
$426,276
Interest Rate
6.02%
Mortgage Type
Credit Line Revolving
Estimated Equity
$448,686
Purchase Details
Listed on
Mar 18, 2021
Closed on
May 24, 2021
Sold by
855 Tippington Farm Llc
Bought by
Everly Bruce and Everly Kathleen
Seller's Agent
Michelle Parnell
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Paula Johnson
Compass
List Price
$599,000
Sold Price
$500,000
Premium/Discount to List
-$99,000
-16.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.26%
Purchase Details
Closed on
Aug 9, 2017
Sold by
Adamson Katharine J and The Northern Trust Co
Bought by
855 Tippington Llc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Northworks Farm Llc | $610,000 | New Title Company Name | |
| Everly Bruce | $500,000 | First American Title | |
| 855 Tippington Llc | $412,500 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Northworks Farm Llc | $442,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/19/2022 09/19/22 | Sold | $610,000 | -6.0% | $558 / Sq Ft |
| 08/21/2022 08/21/22 | Pending | -- | -- | -- |
| 05/09/2022 05/09/22 | For Sale | $649,000 | +29.8% | $594 / Sq Ft |
| 05/26/2021 05/26/21 | Sold | $500,000 | -16.5% | $197 / Sq Ft |
| 05/03/2021 05/03/21 | Pending | -- | -- | -- |
| 04/20/2021 04/20/21 | For Sale | $599,000 | 0.0% | $236 / Sq Ft |
| 04/20/2021 04/20/21 | Price Changed | $599,000 | -20.1% | $236 / Sq Ft |
| 03/27/2021 03/27/21 | Pending | -- | -- | -- |
| 03/22/2021 03/22/21 | For Sale | $750,000 | 0.0% | $296 / Sq Ft |
| 03/20/2021 03/20/21 | Pending | -- | -- | -- |
| 03/18/2021 03/18/21 | For Sale | $750,000 | -- | $296 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $12,579 | $231,599 | $180,494 | $51,105 |
| 2023 | $9,919 | $200,238 | $156,053 | $44,185 |
| 2022 | $9,919 | $164,359 | $164,358 | $1 |
| 2021 | $9,383 | $158,464 | $158,463 | $1 |
| 2020 | $9,143 | $158,797 | $158,796 | $1 |
| 2019 | $8,836 | $158,528 | $158,527 | $1 |
| 2018 | $8,212 | $232,120 | $168,025 | $64,095 |
| 2017 | $10,441 | $231,380 | $167,489 | $63,891 |
| 2016 | $10,067 | $222,631 | $161,156 | $61,475 |
| 2015 | $9,783 | $209,181 | $151,420 | $57,761 |
| 2014 | $10,370 | $197,177 | $152,503 | $44,674 |
| 2012 | $10,020 | $195,438 | $151,158 | $44,280 |
Source: Public Records
Agents Affiliated with this Home
-
Paula Johnson
-
Marina Carney
Buyer's Agent in 2022
Marina Carney
Compass
(847) 274-5566
132 in this area
177 Total Sales
-
Andrew Mrowiec
Buyer Co-Listing Agent in 2022
Andrew Mrowiec
Compass
(847) 308-2589
113 in this area
161 Total Sales
-
Michelle Parnell
Seller's Agent in 2021
Michelle Parnell
Berkshire Hathaway HomeServices Chicago
(847) 528-8721
14 in this area
26 Total Sales
-
John Wesley Ingold
Buyer Co-Listing Agent in 2021
John Wesley Ingold
Compass
(847) 942-4704
9 in this area
20 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11398434
APN: 16-08-202-015
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