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Lake Forest 60045 Meadowood
1222 W Deerpath Road
$930,000
● House - Off Market

1222 W Deerpath Road

Lake Forest, IL 60045
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,884 Ft²
$5,666
Est. Monthly
3.44%
Cap Rate

About This Property

*Sellers took off market to finish basement.*Stunning Colonial in desirable Meadowood neighborhood. Recently renovated custom kitchen includes the best of the best: maple cabinets, Calcutta gold marble countertops, La Cornue French stove, Viking Refrigerator, Bosch (quiet) dishwasher, Kohler faucets & Allia Fireclay sink form Paris. Enjoy all the freshly updated bathrooms with new vanities, ceramic tiles, lighting & marble finishes. Just completed finished basement! Floor to ceiling windows accentuate the gorgeous backyard views. Curl up by the fire with a good book in your formal living room or in your tremendous primary suite. Over half an acre of fenced & professionally landscaped yard includes a full-sized stone fountain. Close to Lake Forest Open Lands' walking trails that connect to Middlefork Savanna.
Unit Size
2,884 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$317
Property Type
House
Property Taxes
$1,173
HOA Dues
-
Year Built
1967

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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 #11833035)

Price History

Date / Event Date Event Price
Jan 10, 2024 Sold
Premium
Sold
Sep 25, 2023 Listed by Berkshire Hathaway HomeServices Chicago $915,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • 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: 887
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,414
  • Total Building Area: 3,953
  • Gross Building Area: 3,953
  • Building Area: 2,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,560
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWOOD UNIT NO 2
  • Land Acres: 0000000538
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: MEADOWOOD UNIT NO 2 LOT 43

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 863500

Geography

  • Assessors Map Reference: 2649-B3
  • District: SHIELDS
  • Parcel: 12-31-104-022
  • Lot: 43
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2481
  • Longitude: -87.8769

    Address

  • Full Address: 1222 W Deerpath
  • Legal Unit: 2
  • Address - House Number: 1222
  • Street Direction: W
  • Address - Street Name: Deerpath
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C023
  • 4-Digit Zip Code: 1513
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,407,710
  • Tax Rate Code Area: 10014

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 886,060
  • High Value: 965,890
  • Low Value: 806,230

    Market Valuation

  • Market Total Value: $723,730
  • Market Land Value: $317,405
  • Market Improvement Value: $406,325

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,219
  • Assessed Land Value: $105,791
  • Assessed Improvements Value: $135,428

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Jan 11, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8014477
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 Meadowood

Stats & Trends

Median Asking:

$1,775,000

Sale Price/ft²

$434

Above Asking

0.00%

Average Days on Market

32

Average Home Size

5251 ft²

Average Home Age

51.7 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 600 Garfield Avenue, Lake Bluff, IL, 60044

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,775 ft²
600 Garfield Avenue, Lake Bluff, IL, 60044 Listing by Edwin Becerra
Unit for rent at 1070 Winwood Drive, Lake Forest, IL, 60045

$3,800 /mo

  • 3 Beds
  • 1,796 ft²
1070 Winwood Drive, Lake Forest, IL, 60045 Listing by Sitha Thach

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kimberly Shortsle, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11833035
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 1222 West Deerpath Road built and last sold?
The property at 1222 West Deerpath Road was built in 1967 and last sold on Dec 20, 2023 for $930,000.
How much is this home worth?
The estimated value of the home located at 1222 West Deerpath Road is $954,511.
What are some comparable homes to 1222 West Deerpath Road?
There are currently no comparable homes to 1222 West Deerpath Road.
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