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Lake Forest 60045 Arbor Ridge
1122 Lawrence
Photo of 1122 Lawrence
Sold on May 16, 2008

1

Map

$1,240,000
● House - Off Market

1122 Lawrence

LAKE FOREST, IL 60045
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
$2,425,069
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

Enjoy walking to Starbuck's, train and shops from this fabulous home in popular Arbor Ridge. Features include an upgraded kitchen, hardwood floors, new carpet and paint throughout, crown moldings and trim detailing. Finished English basement with 5th bedroom and full bath. Close to school and park.
Unit Size
-
Days on Market
-
Land Size
0.33 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,298
HOA Dues
$38
Year Built
1993

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 15
  • 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: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,080
  • Garage Type: 1
  • Garage Square Area: 750
  • Parking Space Count: 3
  • Patio Type: 3
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,125
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 6,538
  • Gross Building Area: 6,538
  • Building Area: 3,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,708
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARBOR RIDGE SUB
  • Land Acres: 0000000462
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ARBOR RIDGE SUB; LOT 3

Neighborhood

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

Geography

  • District: WEST DEERFIE
  • Parcel: 16-07-410-003
  • Lot: 3
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.2181
  • Longitude: -87.8743

    Address

  • Full Address: 1122 Lawrence Ave
  • Address - House Number: 1122
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C025
  • 4-Digit Zip Code: 3724
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,044,892
  • Tax Rate Code Area: 17025

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 1,348,889
  • High Value: 1,579,406
  • Low Value: 1,118,373

    Market Valuation

  • Market Total Value: $1,143,411
  • Market Land Value: $343,111
  • Market Improvement Value: $800,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $381,099
  • Assessed Land Value: $114,359
  • Assessed Improvements Value: $266,740

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 16, 2008
  • Current Sale Recording Date: May 29, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6351105
  • Previous Sale Recording Date: Jan 17, 2007
  • Previous Sale Contract Date: Dec 26, 2006
  • Previous Sale Amount: $1,200,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Arbor Ridge

Stats & Trends

Median Asking:

$1,575,000

Sale Price/ft²

$363

Above Asking

0.00%

Average Days on Market

38

Average Home Size

4408 ft²

Average Home Age

39 years

Currently For Sale

0 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 931 Coventry Drive, IL, 60045

$10,000 /mo

  • 4 Beds
  • 3 Baths
  • 4,038 ft²
931 Coventry Drive, IL, 60045 Listing by Houda Chedid

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amy Davidson, Berkshire Hathaway HomeServices KoenigRubloff
Data Source: MRED, MLS# MRD06855111
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 1122 Lawrence Avenue built and last sold?
The property at 1122 Lawrence Avenue was built in 1993 and last sold on May 16, 2008 for $1,240,000.
How much is this home worth?
The estimated value of the home located at 1122 Lawrence Avenue is $1,313,000.
What are some comparable homes to 1122 Lawrence Avenue?
There are currently no comparable homes to 1122 Lawrence Avenue.
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