NOT LISTED FOR SALE

472 E Illinois Rd Lake Forest, IL 60045

Estimated Value: $1,232,000 - $1,565,000

4 Beds
5 Baths
2,907 Sq Ft
$489/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $1,125,000 $387 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $9,807/month

384 Days on Market

Highlights

  • Recreation Room
  • Wood Flooring
  • Heated Enclosed Porch
  • Sheridan Elementary School Rated A
  • Victorian Architecture
  • Formal Dining Room

About This Home

As of June 2021

Email me for a link to a narrated video tour that was made for an international client. This faithfully restored 1872 historic home, with Preservation Award, comes with a unique 4-sided sun-filled wraparound porch, and seeks new custodians. It is located on the corner of East Illinois Road and Rosemary Road, sitting between Market Square and Lake Michigan, and is minutes from the coveted Lake Forest schools. The house makes for a perfect home office and offers desk escapes to the nearby beach, harbor, Open Lands, and award-winning Deer Path Inn. You will love the open-plan kitchen with maple wood countertops, the expansive lawns with family and friends, and relaxing in a double hammock under the canopy of mature oak trees. Downtown Chicago and O'Hare are only 30 miles away. It has recently undergone an extensive 2-year inside/out restoration, including a new cedar roof, painted cedar siding, copper gutters, Farrow & Ball paint, new fireplace, hardwood floors, upstairs carpet, and more. All exterior improvements come with a transferable 10 year warranty. Move-in ready, but awaits your finishing touches.

Last Listed By

Luke Mutter

RE/MAX Suburban License #471020502 Listed on: 11/27/2019

RE/MAX Suburban

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,135

Year Built

  • Built in 1872

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 186x176x119x34x90

Parking

  • 2 Car Detached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Victorian Architecture
  • Shake Roof
  • Cedar

Interior Spaces

  • 2,907 Sq Ft Home
  • 3-Story Property
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Heated Enclosed Porch
  • Wood Flooring
  • Unfinished Attic

Kitchen

  • Breakfast Bar
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Finished Basement Bathroom

Schools

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

Utilities

  • SpacePak Central Air
  • Heating System Uses Steam

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,135

Year Built

Built in 1872

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1872
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Partial
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors
  • LivingArea: 2907
  • Room Type: Eating Area, Recreation Room, Enclosed Porch Heated, Foyer
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Unfinished

Exterior Features

  • List Price: 1249995
  • Roof: Shake
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Space Pac
  • Heating: Steam, Other
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • 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
  • Middle/Junior School District: 67

Lot Info

  • Lot Size Acres: 0.5767
  • Lot Dimensions: 186X176X119X34X90
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 21135.16
  • Tax Year: 2018
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2019
Closed on
Jun 1, 2021
Sold by
Harris Mark J and Harris Emma J
Bought by
Biancalana Venette and Biancalana Robert
Seller's Agent
Luke Mutter
RE/MAX Suburban
Buyer's Agent
Ann Lyon
@properties Christie's International Real Estate
Sold Price
$1,125,000
Total Days on Market
384
Current Estimated Value
$1,421,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,456
Avg. Annual Appreciation
6.18%
Original Mortgage
$900,000
Outstanding Balance
$827,633
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$593,823

Purchase Details

Closed on
Apr 30, 2008
Sold by
Furlong Mark F and Furlong Jodean
Bought by
Harris Mark J and Harris Emma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$978,200
Interest Rate
6.01%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 1, 2001
Sold by
Furlong Jodean
Bought by
Furlong Mark F and Furlong Jodean

Purchase Details

Closed on
Jun 28, 2001
Sold by
Basler John and Basler Audrey
Bought by
Furlong Jodean

Purchase Details

Closed on
Jun 4, 1997
Sold by
Leary Monica K
Bought by
Basler John and Basler Audrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.37%

Purchase Details

Closed on
Nov 8, 1993
Sold by
Knee Richard W and Knee Aria W
Bought by
Leary Monica K and Leary Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.96%

Range of Values:

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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
Biancalana Venette $1,125,000 Chicago Title
Harris Mark J $1,397,500 St
Furlong Mark F -- --
Furlong Jodean $1,280,000 --
Basler John $652,500 Chicago Title Insurance Co
Leary Monica K $333,333 Imperial Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Biancalana Venette $900,000
Previous Owner Harris Mark J $978,200
Previous Owner Furlong Mark F $2,500,000
Previous Owner Basler John $35,000
Previous Owner Basler John $340,000
Previous Owner Leary Monica K $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $1,125,000 -10.0% $387 / Sq Ft
05/25/2021 05/25/21 For Sale -- -- --
05/25/2021 05/25/21 For Sale $1,249,995 +11.1% $430 / Sq Ft
05/20/2021 05/20/21 Off Market $1,125,000 -- --
12/15/2020 12/15/20 Pending -- -- --
06/26/2020 06/26/20 Price Changed $1,249,995 -3.8% $430 / Sq Ft
11/27/2019 11/27/19 For Sale $1,299,000 -- $447 / 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
2023 $22,475 $404,607 $173,199 $231,408
2022 $22,475 $378,225 $161,906 $216,319
2021 $21,849 $374,963 $160,510 $214,453
2020 $23,033 $406,086 $161,398 $244,688
2019 $21,882 $398,631 $158,435 $240,196
2018 $20,785 $404,709 $211,371 $193,338
2017 $20,588 $397,944 $207,838 $190,106
2016 $19,595 $378,778 $197,828 $180,950
2015 $19,370 $356,665 $186,279 $170,386
2014 $18,944 $347,297 $167,241 $180,056
2012 $18,572 $350,310 $168,692 $181,618
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10582350

Midwest Real Estate Data (MRED)

APN: 12-33-402-002