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Lake Forest 60045
1620 Devonshire Lane
$1,500,000
● House - Off Market

1620 Devonshire Lane

Lake Forest, IL 60045
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,943 Ft²
$9,335
Est. Monthly
$10
HOA / Fees
1.87%
Cap Rate

About This Property

Fantastic house set on a large lot in Lake Forest. There are 4 bedrooms and a LOFT above the primary bedroom. The outside features a very private backyard with a fenced, heated pool, huge deck (freshly painted) and an extra space in the back.  Its interior is flooded with light and features an open floor plan. Owners spared no expenses on the remodeling completed in 2023. Here are some improvements: all new windows, sliding doors, doors, hardwood floors throughout, porcelain tiles in the hallway, quarts countertops and an island in the kitchen, custom made modern style cabinets, high end appliances, high end lamps, updated bathrooms, higher end finishings and many more..... The whole house was painted in 2024. The pool in the basement stays. Furniture available for sale if buyers like them.
Unit Size
3,943 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$403
Property Type
House
Property Taxes
$1,517
HOA Dues
$10
Year Built
1987

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Cap Rate Calculator

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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: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,134
  • Garage Type: 1
  • Garage Square Area: 726
  • Parking Space Count: 3
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,852
  • Total Building Area: 5,803
  • Gross Building Area: 5,803
  • Building Area: 3,943
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,943
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEDGEWOOD SUB
  • Land Acres: 0000000961
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: WEDGEWOOD SUB; LT14 IN BLK2 ALSO 1/63% INT IN OUTLOTS 1,2,&3 LOT 14 BLOCK 2

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 866200

Geography

  • District: VERNON
  • Parcel: 15-13-202-021
  • Block: 2
  • Lot: 14
  • Municipality: TWP OF VERNON
  • Latitude: 42.2107
  • Longitude: -87.888

    Address

  • Full Address: 1620 Devonshire Ln
  • Address - House Number: 1620
  • Address - Street Name: Devonshire
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C020
  • 4-Digit Zip Code: 3770
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,854,832
  • Tax Rate Code Area: 16037

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 1,149,172
  • High Value: 1,332,753
  • Low Value: 965,591

    Market Valuation

  • Market Total Value: $860,000
  • Market Land Value: $337,729
  • Market Improvement Value: $522,271

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $286,638
  • Assessed Land Value: $112,565
  • Assessed Improvements Value: $174,073

    Sales

  • Current Sale Contract Date: Apr 09, 2022
  • Current Sale Recording Date: Apr 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7897246
  • Previous Sale Recording Date: Feb 22, 2007
  • Previous Sale Contract Date: Feb 14, 2007
  • Previous Sale Amount: $937,500
  • Previous Sale Document Type: 71
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 Lake Forest

Stats & Trends

Median Asking:

$1,349,000

Sale Price/ft²

$394

Below Asking

0.01%

Average Days on Market

50

Average Home Size

5812 ft²

Average Home Age

43.5 years

Currently For Sale

56 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

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MRED

Listed by: Radoslaw Marzol, Marzol Realty Group, Inc.
Data Source: MRED, MLS# MRD12376712
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 1620 Devonshire Lane built and last sold?
The property at 1620 Devonshire Lane was built in 1987 and last sold on Apr 9, 2022 for $860,000.
How much is this home worth?
The estimated value of the home located at 1620 Devonshire Lane is $0.
What are some comparable homes to 1620 Devonshire Lane?
There are currently no comparable homes to 1620 Devonshire Lane.
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