NOT LISTED FOR SALE

985 Spring Ln Lake Forest, IL 60045

Estimated Value: $1,438,000 - $1,591,735

1.01 Acres
$1,510,804 Price per Acre
43,996 Sq Ft Lot

Last Sold June 24, 2020

Last sale price $1,000,000 $482 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $9,339/month

2 Days on Market

About This Lot

As of June 2020

Seldom available prime 1 acre vacant property steps from Lake Michigan. Mature trees and a south facing yard is perfect for a pool. Build the custom home of your dreams. Lot cannot be purchased until the home at 1015 Spring Lane is sold. Amazing value!

Last Agent to Sell the Property

Jean Anderson

Jameson Sotheby's International Realty License #475124065 Listed on: 05/28/2020

Jameson Sotheby's International Realty

Co-Listed By

Donna Mancuso

Jameson Sotheby's International Realty License #475138758

Last Buyer's Agent

Chris Christoph

Berkshire Hathaway HomeServices Chicago License #471004748

Berkshire Hathaway HomeServices Chicago

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,026

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$16,026

Lot Details

0

Listing Details

  • Property Type: Land
  • General Information: Commuter Train
  • Ownership: Fee Simple
  • Current Use: Residential-Single Family
  • Utilities To Site: Electric to Site, Gas to Site, Sanitary Sewer to Site, Water-Municipal
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Description: Wooded
  • Road Surface: Asphalt

Exterior Features

  • Lot Size: .50-.99 Acre
  • Acreage: 1.01
  • Frontage Access: City Street
  • Front Footage: 301.9

Schools

  • School District: 115
  • Elementary School: Sheridan Elementary School
  • Middle School: Deer Path Middle School
  • High School: Lake Forest High School
  • Junior High Dist: 67

Lot Info

  • Lot Dimensions: 301.97X178.19X183.55X235.99
  • Estimated Land Sq Ft: 44108
  • Parcel Identification Number: 12341030160000

Building Info

  • Buildings On Land: Yes

Tax Info

  • Taxes: 13357.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Jun 22, 2020
Sold by
Lemon Property 3 Llc
Bought by
Chicago Title Land Trust Company and Trust Number 8002383519
Seller's Agent
Jean Anderson
Jameson Sotheby's International Realty
Buyer's Agent
Chris Christoph
Berkshire Hathaway HomeServices Chicago
List Price
$1,000,000
Sold Price
$1,000,000
Current Estimated Value
$1,525,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$525,912
Avg. Annual Appreciation
8.24%

Purchase Details

Listed on
May 24, 2013
Closed on
Jul 15, 2013
Sold by
Jenner Edward Baker and Edward Baker Jenner Family Tru
Bought by
Lemon Property 3 Llc
Seller's Agent
Suzanne Myers
Coldwell Banker Realty
Buyer's Agent
Andra O'Neill
@properties Christie's International Real Estate
List Price
$1,699,000
Sold Price
$1,650,000
Premium/Discount to List
-$49,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.95%

Purchase Details

Closed on
Oct 23, 2008
Sold by
Chicago Title Land Trust Company
Bought by
Jenner Edward Baker and Edward Baker Jenner Family Tru
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chicago Title Land Trust Company $1,000,000 Chicago Title
Lemon Property 3 Llc $1,650,000 Chicago Title Insurance Comp
Jenner Edward Baker -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2020 06/24/20 Sold $1,000,000 0.0% $482 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $1,000,000 -39.4% $482 / Sq Ft
07/16/2013 07/16/13 Sold $1,650,000 -2.9% $798 / Sq Ft View Prior Sale
06/01/2013 06/01/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $1,699,000 -- $822 / 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 $16,026 $276,242 $276,242 --
2023 $14,792 $254,648 $254,648 --
2022 $14,792 $244,978 $244,978 $0
2021 $14,382 $242,865 $242,865 $0
2020 $14,059 $244,208 $244,208 $0
2019 $13,358 $239,725 $239,725 $0
2018 $16,680 $319,926 $319,926 $0
2017 $16,401 $314,578 $314,578 $0
2016 $15,740 $299,427 $299,427 $0
2015 $15,574 $281,946 $281,946 $0
2014 $21,342 $253,130 $253,130 $0
2012 $20,920 $393,890 $255,326 $138,564
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10728052

Midwest Real Estate Data (MRED)

APN: 12-34-103-016