See Home Value
$385,000
● House - Off Market

236 Forest Drive

Island Lake, IL 60042
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,649 Ft²
$2,897
Est. Monthly
10.71%
Cap Rate

About This Property

Your Waterfront Escape on Island Lake! Imagine waking up to panoramic views of Island Lake every morning. This lovely two-story home is your private oasis, offering both tranquility and adventure-all just steps from your backyard. With five bedrooms and four bathrooms, this spacious residence is perfectly suited for family life or entertaining guests year-round.  Set on nearly half an acre of fenced land, the property provides plenty of outdoor space for relaxing, playing, or casting your line into the lake. Inside, the welcoming entry leads into an open-concept living area, where natural light floods the hardwood floors. The kitchen is a chef's delight, featuring white cabinetry, a large central island, and sleek countertops-ideal for gatherings and everyday meals alike. On the main level, you'll find a flexible room that can be used as an office, guest room, or fifth bedroom, plus a full bathroom for convenience. The utility room houses a modern tankless water heater, ensuring efficiency and reliability. Upstairs, discover four comfortable bedrooms and three full bathrooms, including a stunningly remodeled bath in the master suite. The master offers a spa-like retreat with a Jacuzzi tub, double vanity, and a spacious walk-in closet. A second-floor laundry simplifies chores, while three additional bedrooms share two full baths-one of which has been tastefully updated.  Extra storage is no problem thanks to a pull-down attic, while the lakeside setting promises peaceful mornings and spectacular sunsets. Whether you're seeking a peaceful retreat or an active waterfront lifestyle, this home delivers it all.
Unit Size
2,649 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$151
Property Type
House
Property Taxes
$938
HOA Dues
-
Year Built
1948

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Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,294
  • Total Building Area: 2,818
  • Gross Building Area: 2,818
  • Building Area: 2,818
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,818
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ISLAND LAKE ESTS
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ISLAND LAKE ESTS LOT 4 BLOCK L

Neighborhood

  • School District Name: Wauconda Community Unit School District 118
  • Census Tract: 864203

Geography

  • District: WAUCONDA
  • Parcel: 09-21-110-051
  • Block: L
  • Lot: 4
  • Municipality: TWP OF WAUCONDA
  • Latitude: 42.2808
  • Longitude: -88.1945

    Address

  • Full Address: 236 Forest Dr
  • Address - House Number: 236
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Island Lake
  • Carrier Code: R003
  • 4-Digit Zip Code: 9731
  • Zip Code: 60042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $917,626
  • Tax Rate Code Area: 13003

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 424,729
  • High Value: 462,996
  • Low Value: 386,463

    Market Valuation

  • Market Total Value: $347,503
  • Market Land Value: $44,875
  • Market Improvement Value: $302,628

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,823
  • Assessed Land Value: $14,957
  • Assessed Improvements Value: $100,866

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 03, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7942349
  • Previous Sale Recording Date: Feb 14, 2017
  • Previous Sale Contract Date: Dec 29, 2016
  • Previous Sale Amount: $174,814
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Island Lake Estates


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Frequently Asked Questions

When was property at 236 Forest Drive built and last sold?
The property at 236 Forest Drive was built in 1948 and last sold on Oct 31, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 236 Forest Drive is $0.
What are some comparable homes to 236 Forest Drive?
There are currently no comparable homes to 236 Forest Drive.