See Home Value
$960,000
● House - Off Market

1050 Cedar Lane

Lake Forest, IL 60045
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,372 Ft²
$6,305
Est. Monthly
3.07%
Cap Rate

About This Property

Set on a serene and private 1.5-acre lot, this stunning brick ranch offers the perfect blend of comfort, style, and functionality. With 4 spacious bedrooms, 4 full bathrooms, and a 4-car garage, there's plenty of room for everyone-and everything. Natural light pours in through walls of windows, creating a bright and inviting atmosphere. The living room boasts a cozy fireplace, while the gourmet eat-in kitchen is equipped with granite countertops and stainless steel appliances. A comfortable family room opens to the backyard patio, complete with a built-in outdoor grill-ideal for entertaining. The finished basement adds valuable living space, including a large recreation room, a full bathroom, a kitchenette, and a 5th bedroom. Additionally, an outdoor shed with a new roof and electrical service adds extra functionality and storage. Enjoy peace of mind with an extensive list of recent improvements, including: new roof, new mechanicals (furnace, AC, hot water heater, sump pump + battery back up), newly epoxied flooring in garage and two 240 v EV chargers, new security system, new speakers throughout, and so much more. All of this in an A+ location-just a short walk to the train, restaurants, and shopping!
Unit Size
2,372 Ft²
Days on Market
-
Land Size
1.54 acres
Price per sqft
$422
Property Type
House
Property Taxes
$1,394
HOA Dues
-
Year Built
1959

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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • 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: 9
  • Basement Area: 1,866
  • Garage Type: 1
  • Garage Square Area: 875
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 67,082
  • Total Building Area: 5,113
  • Gross Building Area: 5,113
  • Building Area: 2,372
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,372
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERDEL SUB
  • Land Acres: 0000001540
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: MERDEL SUB LOT 1

Neighborhood

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

Geography

  • Assessors Map Reference: 2649-B6
  • District: WEST DEERFIE
  • Parcel: 16-06-403-001
  • Lot: 1
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.2288
  • Longitude: -87.8728

    Address

  • Full Address: 1050 Cedar Ln
  • Address - House Number: 1050
  • 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: $1,172,834
  • Tax Rate Code Area: 17025

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 846,451
  • High Value: 976,392
  • Low Value: 716,510

    Market Valuation

  • Market Total Value: $750,117
  • Market Land Value: $576,367
  • Market Improvement Value: $173,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,014
  • Assessed Land Value: $192,103
  • Assessed Improvements Value: $57,911

    Sales

  • Current Sale Contract Date: Aug 09, 2023
  • Current Sale Recording Date: Sep 13, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7995291
  • Previous Sale Recording Date: Mar 23, 2004
  • Previous Sale Contract Date: Mar 11, 2004
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: 71
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


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Frequently Asked Questions

When was property at 1050 Cedar Lane built and last sold?
The property at 1050 Cedar Lane was built in 1959 and last sold on Aug 9, 2023 for $866,000.
How much is this home worth?
The estimated value of the home located at 1050 Cedar Lane is $0.
What are some comparable homes to 1050 Cedar Lane?
There are currently no comparable homes to 1050 Cedar Lane.