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Lake Forest 60045 Fairway Estates
1860 Hackberry Lane
$962,500
● House - Off Market

1860 Hackberry Lane

Lake Forest, IL 60045
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,906 Ft²
$988,361
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

This stately brick home EXUDES Style and Class topped off with amazing Function! Beautiful open floor plans allows for easy every day flow and great entertaining. Stunning new renovated kitchen gushing with sunlight all day long!  Amazing backyard oasis is .78 acre with wonderful patio and fire pit area. Overlooking the beautiful lush gardens. Sitting on a beautiful tree lined street in a fabulous neighborhood. Very low taxes! Four generous size bedrooms upstairs. Main level bedroom and 2 full baths on main level perfect for a guest suite. Separate home office on main level.  Phenomenal basement to include 1 bedroom, office space a huge recreation space. This is a house you won't want to miss!
Unit Size
3,906 Ft²
Days on Market
-
Land Size
0.78 acres
Price per sqft
$250
Property Type
House
Property Taxes
$1,156
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 #11319106)

Price History

Date / Event Date Event Price
Apr 11, 2022 Sold
Premium
Sold
Feb 7, 2022 Listed by @properties $974,999
Listed by @properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • 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: 1,275
  • Garage Type: 1
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,977
  • Total Building Area: 5,781
  • Gross Building Area: 5,901
  • Building Area: 3,906
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,906
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PERCY WILSONS FAIRWAY ESTATES
  • Land Acres: 0000000780
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: PERCY WILSONS FAIRWAY ESTATES LOT 114

Neighborhood

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

Geography

  • District: VERNON
  • Parcel: 15-12-402-005
  • Lot: 114
  • Municipality: TWP OF VERNON
  • Latitude: 42.2176
  • Longitude: -87.8927

    Address

  • Full Address: 1860 Hackberry Ln
  • Address - House Number: 1860
  • Address - Street Name: Hackberry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C021
  • 4-Digit Zip Code: 3518
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,488,958
  • Tax Rate Code Area: 16037

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 1,033,730
  • High Value: 1,210,388
  • Low Value: 857,072

    Market Valuation

  • Market Total Value: $858,265
  • Market Land Value: $323,900
  • Market Improvement Value: $534,365

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $286,060
  • Assessed Land Value: $107,956
  • Assessed Improvements Value: $178,104

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 07, 2022
  • Current Sale Recording Date: Apr 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7896475
  • Previous Sale Recording Date: Sep 26, 2003
  • Previous Sale Contract Date: Aug 14, 2003
  • Previous Sale Amount: $810,000
  • 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 Fairway Estates

Stats & Trends

Median Asking:

$1,199,000

Sale Price/ft²

$346

Above Asking

0.00%

Average Days on Market

57

Average Home Size

4132 ft²

Average Home Age

58.1 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Roni Nanini, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11319106
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 1860 Hackberry Lane built and last sold?
The property at 1860 Hackberry Lane was built in 1967 and last sold on Apr 7, 2022 for $962,000.
How much is this home worth?
The estimated value of the home located at 1860 Hackberry Lane is $0.
What are some comparable homes to 1860 Hackberry Lane?
There are currently no comparable homes to 1860 Hackberry Lane.
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