$3,600,000
●
House -
Off Market
1471 Lake Road
LAKE FOREST, IL 60045
4 Beds
6 Baths,
2
Half Baths
5,500 Ft²
$6,695,942
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Exceptional lakefront living! Custom built home in 2006 on a
gorgeous 1.4 acres with 125 feet of Lake Michigan frontage.
It offers outstanding architectural details, modern
conveniences and unparalled views in every season! Beautifully
sized rooms, 11 ft ceilings, wide plank floors, gorgeous moldings
and woodwork throughout. Elegant living room with center fireplace,
formal dining room with butlers pantry. High end kitchen with large
center island and stainless professional appliances and spacious
breakfast room facing the lake. Spacious family room w/coffered
ceilings and limestone fireplace opens to large lakefront terrace
and generous grassy yard. Tranquil master with fireplace and views
of the lake, two amazing dressing rooms and lux bath. Lower level
features include handsome wine cellar w/ tasting room/ cigar room,
2 stone fireplaces, large theatre, rec room, billiards room, wet
bar and full bath. 3-level elevator, 4 car heated garage, heated
driveway. Superb quality throughout.
Unit Size
5,500 Ft²
Days on Market
-
Land Size
1.38 acres
Price per sqft
$763
Property Type
House
Property Taxes
$5,565
HOA Dues
-
Year Built
2006
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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 #09598586)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 24, 2017 | Sold | ||
| Sold | |||
| Jul 13, 2017 | Listed | $4,199,000 | |
| Listed | |||
| | |||
|
Exceptional lakefront living! Custom built home in 2006 on a gorgeous 1.4 acres with 125 feet of Lake Michigan frontage. It offers outstanding architectural details, modern conveniences and unparalled views in every season! Beautifully sized rooms, 11 ft ceilings, wide plank floors, gorgeous moldings and woodwork throughout. Elegant living room with center fireplace, formal dining room with butlers pantry. High end kitchen with large center island and stainless professional appliances and spacious breakfast room facing the lake. Spacious family room w/coffered ceilings and limestone fireplace opens to large lakefront terrace and generous grassy yard. Tranquil master with fireplace and views of the lake, two amazing dressing rooms and lux bath. Lower level features include handsome wine cellar w/ tasting room/ cigar room, 2 stone fireplaces, large theatre, rec room, billiards room, wet bar and full bath. 3-level elevator, 4 car heated garage, heated driveway. Superb quality throughout.The manager has listed the unit size as 5500 square feet.
| |||
| Apr 17, 2017 | Listed by Griffith, Grant & Lackie | $4,199,000 | |
| Listed by Griffith, Grant & Lackie | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sheridan Manor
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Currently no similar homes aroundNearby Rentals
Listed by: , Griffith, Grant & Lackie
Last Updated: 3 years ago
Data Source: MRED, MLS# 09598586
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09598586
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