See Home Value
Lake Forest 60045
1050 East Illinois Road
$3,258,186*
House - Off Market

1050 East Illinois Road

Lake Forest, IL 60045
bedrooms
5 Beds
bathrooms
6 Baths, 2 Half Baths
square feet
5800 Sqft
$2,606,000 - $3,184,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Sep 28, 2020
$2,400,000
$2,000,000 by Wintrust Mortgage
Mortgage Due Feb 01, 2052
Sold Jun 24, 2016
$2,120,000
$1,350,000 by Pinnacle Bank
Mortgage Due Jun 15, 2021

About This Property

This sophisticated 15 room, 5 bedroom, 4.1 bath, home offers a wonderful floor plan, a guest house, 5 1/2 car garage, newer Gourmet kitchen, family room & breakfast area w/walnut floors, exquisite lighting & amazing architectural details throughout. This home features all new forced air HVAC system, newly renovated baths and stunning style throughout! Enter through the enchanting inner courtyard garden to this stunning and newly renovated (2016) home designed by Walter Frazier.  This home epitomizes understated elegance from the front gate into the front entrance hall with its reclaimed marble floor with deckle edge, one senses timeless perfection.  The living room is adorned by a richly paneled bookcase wall and an expansive window seat and a cozy fireplace. Enjoy lake breezes in the screened porch which adjoins the dining room.  An updated butler's pantry connects the newly renovated kitchen and family room areas to the dining room. The new mudroom with lockers and powder room compliment the attached heated garage.   The spacious Master Bedroom with a renovated bathroom and restored dressing room, are unparalleled. A Jack and Jill renovated bath services 2 gracious bedrooms. The 4th bedroom, is en-suite also with a renovated bath is as handsome as it is functional. A new 2nd floor powder room services the office/playroom and laundry. A separate 3 car garage/renovated Coachhouse 1 bed/bath is an added bonus. Private, professionally landscaped grounds w/ amazing views of the lovely gardens, reflecting pool & ravine and a lovely large yard with ample room for play set, trampoline and fire pit.

The manager has listed the unit size as 5800 square feet.
Unit Size
5,800Ft²
Days on Market
-
Land Size
1.33 acres
Price per sqft
$499
Property Type
House
Property Taxes
$35,752
HOA Dues
-
Year Built
1928

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Sep 28, 2020 Sold to Catherine Spencer, George S... $2,400,000
Sold to Catherine Spencer, George S...
Jun 7, 2020 In contract -
In contract
Oct 19, 2019 Listed $2,895,000
Listed
Aug 2, 2019 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 16
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,089
  • Garage Type: Attached
  • Garage Square Area: 552
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 57,935
  • Total Building Area: 5,745
  • Gross Building Area: 5,745
  • Building Area: 4,104
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 4,104
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VALLOMBROSA 01
  • Land Acres: 1.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VALLOMBROSA TRACT 1 & TH PT TRACT 2 DAF BEG AT A PNT ON SWLY LN SD TRACT 2 200 FTNWLY FR MOST SLY COR THOF TH N 23 DEG 4 1 MIN W TO A PNT ON NWLYLN SD TRACT 2 TH SWLY ALG SD NWLY LN

Ownership

  • Current Owner : SPENCER GEORGE
  • Current Owner 2: SPENCER CATHERINE
  • Previous Owner : MCDOUGALL JOHN W
  • Previous Owner 2: THE WENTWORTH CALDWELL LIVING
  • Owner Before Previous Owner: WAUD CORNELIUS BYRON
  • Owner Before Previous Owner 2: WAUD CORINNA REEVE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 863400

Geography

  • Assessors Map Reference: 2650-C4
  • District: SHIELDS
  • Subdivision Tract Number: 1,2
  • Parcel: 12-34-305-048
  • Lot: 264
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.241
  • Longitude: -87.8215

    Address

  • Full Address: 1050 E Illinois Rd
  • Address - House Number: 1050
  • Street Direction: E
  • Address - Street Name: Illinois
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 2410
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $39,594
  • Tax Rate Code Area: 10014

    Appraisal Valuation

  • Standard Deviation: 0.2209
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 69
  • Final Value: 1,476,166
  • High Value: 1,802,278
  • Low Value: 1,150,054

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Feb 22, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $2,063,789
  • Market Land Value: $1,064,410
  • Market Improvement Value: $999,379

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $687,861
  • Assessed Land Value: $354,768
  • Assessed Improvements Value: $333,093

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 14, 2020
  • Current Sale Recording Date: Sep 28, 2020
  • Current Sale Transaction ID: 11790520907
  • Current Sale Price: $2,400,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 7699235
  • Previous Sale Recording Date: Jun 24, 2016
  • Previous Sale Contract Date: Jun 15, 2016
  • Previous Sale Amount: $2,120,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Sep 28, 2020
  • First Mortgage Loan Amount: $1,800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PINNACLE BANK
  • Previous Mortgage Transaction Date: Jun 24, 2016
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,350,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 15, 2021



Comparables

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

About Lake Forest


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 63 Marion Avenue, Lake Forest, IL, 60045

$3,900 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,643 ft²
63 Marion Avenue, Lake Forest, IL, 60045 Listing by Jim Cacioppo


Frequently Asked Questions

When was property at 1050 East Illinois Road built and last sold?
The property at 1050 East Illinois Road was built in 1928 and last sold on Sep 14, 2020 for $2,400,000.
How much is this home worth?
The estimated value of the home located at 1050 East Illinois Road is $2,887,373.
What are some comparable homes to 1050 East Illinois Road?
There are currently no comparable homes to 1050 East Illinois Road.

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