See Home Value
$840,000
● House - Off Market

1020 Cedar Lane

Lake Forest, IL 60045
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,000 Ft²
$5,841
Est. Monthly
2.30%
Cap Rate

About This Property

Nestled on a sprawling 1.38-acre lot with a circular driveway, this beautiful home combines timeless elegance with modern comforts, offering a peaceful setting amidst mature trees and spectacular gardens. Expanded over the years, this 3000 sq. ft. home with warm hardwood floors, fresh paint and brand new carpeting offers a flexible floor plan that you can adapt to your lifestyle. Pretty French doors, crown molding and large bay windows grace the living room and dining room. Huge family room with vaulted ceilings is where gatherings are made memorable by the fireplace, creating a perfect setting for family celebrations and playing games. Good size kitchen with white cabinetry and a breakfast bar overlooks the backyard. The primary suite welcomes you with a private sitting area, high ceilings, a well appointed bathroom and walk in closet. Two additional large bedrooms, each with their own bathroom has plenty of closet space. The lower level offers a second family/rec room with a wood burning fireplace and wet bar.  Sizable laundry/mudroom leads to the heated three car garage.  After a long day, step outside onto the brick paver patio, where a relaxing outdoor retreat awaits. This inviting space is perfect for al fresco dining, entertaining guests, or simply enjoying a quiet moment in nature.  Conveniently located within minutes to the Metra Train Station, shopping and restaurants! Highly ranked Lake Forest Schools!
Unit Size
3,000 Ft²
Days on Market
-
Land Size
1.38 acres
Price per sqft
$317
Property Type
House
Property Taxes
$1,176
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #12057994)

Price History

Date / Event Date Event Price
Aug 2, 2024 Sold
Sold
Jul 4, 2024 In contract -
In contract
May 16, 2024 Listed by Berkshire Hathaway-Chicago $950,000
Listed by Berkshire Hathaway-Chicago

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 806
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 60,113
  • Total Building Area: 2,921
  • Gross Building Area: 2,921
  • Building Area: 2,115
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 2,115
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERDEL SUB
  • Land Acres: 0000001380
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: MERDEL SUB LOT 3

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 864601

Geography

  • Assessors Map Reference: 2649-B6
  • District: WEST DEERFIE
  • Parcel: 16-06-403-002
  • Lot: 3
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.2289
  • Longitude: -87.8719

    Address

  • Full Address: 1020 Cedar Ln
  • Address - House Number: 1020
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C024
  • 4-Digit Zip Code: 2621
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,468,070
  • Tax Rate Code Area: 17025

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 996,752
  • High Value: 1,149,766
  • Low Value: 843,738

    Market Valuation

  • Market Total Value: $700,228
  • Market Land Value: $516,481
  • Market Improvement Value: $183,747

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $233,386
  • Assessed Land Value: $172,143
  • Assessed Improvements Value: $61,243

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 10, 2013
  • Current Sale Recording Date: Aug 02, 2013
  • Current Sale Price:
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 7021628
  • Previous Sale Recording Date: Apr 29, 1998
  • Previous Sale Contract Date: Mar 31, 1998
  • Previous Sale Document Type: 69

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Woodland Creek Manor


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1111 S Waukegan Road S, Lake Forest, IL, 60045

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 2,025 ft²
1111 S Waukegan Road S #14, Lake Forest, IL, 60045 Listing by Pam Devendorf


Frequently Asked Questions

When was property at 1020 Cedar Lane built and last sold?
The property at 1020 Cedar Lane was built in 1959 and last sold on Jul 10, 2013 for $665,000.
How much is this home worth?
The estimated value of the home located at 1020 Cedar Lane is $959,500.
What are some comparable homes to 1020 Cedar Lane?
There are currently no comparable homes to 1020 Cedar Lane.