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Lake Forest 60045 Lake Forest Heights
1044 Estes Avenue
$625,000
● House - Off Market

1044 Estes Avenue

LAKE FOREST, IL 60045
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,604 Ft²
$1,112,243
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

This beautifully updated home is truly move-in ready! Located in a very popular neighborhood in Lake Forest, the home is nestled on a professionally landscaped .25 acre setting, complete with a fenced backyard. The home has a wonderful floorplan with the spacious eat-in kitchen opening to both the family room and dining room, making it ideal for living and entertaining. Features include a durable Hardie board exterior, recently refinished hardwood flooring throughout the first and second floors, new light fixtures, designer selected interior paint, updated kitchen and baths, and renovated first floor laundry room with new wash sink. This home has been thoughtfully improved and impeccably maintained. It also has a finished rec room in the basement and an attached two car garage.
Unit Size
2,604 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$259
Property Type
House
Property Taxes
$864
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #09483639)

Price History

Date / Event Date Event Price
Mar 31, 2017 Sold
Premium
Sold
Jan 23, 2017 Listed by Coldwell Banker Residential $675,000
Listed by Coldwell Banker Residential

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,302
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,252
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 4,368
  • Gross Building Area: 4,368
  • Building Area: 2,604
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,604
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE FOREST HEIGHTS
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: LAKE FOREST HEIGHTS; S75 LOT3 IN BLOCK 6

Neighborhood

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

Geography

  • Assessors Map Reference: 2649-D7
  • District: WEST DEERFIE
  • Parcel: 16-08-207-023
  • Block: 6
  • Lot: 3
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.221
  • Longitude: -87.8558

    Address

  • Full Address: 1044 Estes Ave
  • Address - House Number: 1044
  • Address - Street Name: Estes
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C031
  • 4-Digit Zip Code: 3821
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,210,686
  • Tax Rate Code Area: 17025

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 827,949
  • High Value: 969,440
  • Low Value: 686,458

    Market Valuation

  • Market Total Value: $622,793
  • Market Land Value: $203,633
  • Market Improvement Value: $419,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $207,577
  • Assessed Land Value: $67,871
  • Assessed Improvements Value: $139,706

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 31, 2017
  • Current Sale Recording Date: Apr 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7387160
  • Previous Sale Recording Date: Aug 02, 2001
  • Previous Sale Contract Date: Jul 20, 2001
  • Previous Sale Amount: $570,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Lake Forest Heights

Stats & Trends

Median Asking:

$1,049,000

Sale Price/ft²

$354

Below Asking

0.01%

Average Days on Market

42

Average Home Size

3572 ft²

Average Home Age

33.3 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 34 Washington Road, Lake Forest, IL, 60045

$4,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,550 ft²
34 Washington Road, Lake Forest, IL, 60045 Listing by Amy Proeh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential
Last Updated: 3 years ago
Data Source: MRED, MLS# 09483639
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1044 Estes Avenue built and last sold?
The property at 1044 Estes Avenue was built in 1986 and last sold on Mar 31, 2017 for $625,000.
How much is this home worth?
The estimated value of the home located at 1044 Estes Avenue is $694,990.
What are some comparable homes to 1044 Estes Avenue?
There are currently no comparable homes to 1044 Estes Avenue.
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