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Lake Bluff 60044 Village of Lake Bluff
325 Ravine Forest Drive
$755,500
● House - Off Market

325 Ravine Forest Drive

Lake Bluff, IL 60044
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,352 Ft²
$765,143
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Beautiful and classic white brick and frame home with blue stone front porch in prime Southeast Lake Bluff location! The home features a great floor plan with a seamless flow enhanced by beautifully finished hardwood floors throughout the first and second floor.  The eat-in kitchen features granite countertops and stainless-steel appliances and opens to the family room. The large second level includes four bedrooms, three full baths and a laundry room! The master suite has an updated, white marble bathroom and walk-in closet. The finished basement makes a great playroom or rec room. A great home in a charmed location near town, train, schools, & beach!
Unit Size
2,352 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$327
Property Type
House
Property Taxes
$1,239
HOA Dues
-
Year Built
1962

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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 #11778610)

Price History

Date / Event Date Event Price
Oct 3, 2023 Sold
Premium
Sold
May 9, 2023 Listed by Compass $768,000
Listed by Compass

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • 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: 1,196
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,462
  • Total Building Area: 3,998
  • Gross Building Area: 3,998
  • Building Area: 2,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 2,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF LAKE BLUFF RAVINE FOREST
  • Land Acres: 0000000332
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: VILLAGE OF LAKE BLUFF RAVINE FOREST LOT 31

Neighborhood

  • School District Name: Lake Bluff Elementary School District 65
  • Census Tract: 863300

Geography

  • District: SHIELDS
  • Parcel: 12-21-306-020
  • Lot: 31
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2698
  • Longitude: -87.8397

    Address

  • Full Address: 325 Ravine Forest Dr
  • Address - House Number: 325
  • Address - Street Name: Ravine Forest
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Bluff
  • Carrier Code: C001
  • 4-Digit Zip Code: 2727
  • Zip Code: 60044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,539,922
  • Tax Rate Code Area: 10011

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 884,209
  • High Value: 963,872
  • Low Value: 804,546

    Market Valuation

  • Market Total Value: $678,899
  • Market Land Value: $355,902
  • Market Improvement Value: $322,997

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $226,277
  • Assessed Land Value: $118,622
  • Assessed Improvements Value: $107,655

    Sales

  • Current Sale Contract Date: Sep 25, 2023
  • Current Sale Recording Date: Oct 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7999027
  • Previous Sale Recording Date: Mar 08, 2013
  • Previous Sale Contract Date: Feb 07, 2013
  • Previous Sale Amount: $364,875
  • Previous Sale Document Type: 68
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 Village of Lake Bluff

Stats & Trends

Median Asking:

$985,000

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

49

Average Home Size

3824 ft²

Average Home Age

37.6 years

Currently For Sale

5 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 662 Garfield Avenue, Lake Bluff, IL, 60044

$3,800 /mo

  • 2 Beds
  • 2 Baths
  • 2,121 ft²
662 Garfield Avenue, Lake Bluff, IL, 60044 Listing by Brady Andersen
Unit for rent at 1301 N Western Avenue, Lake Forest, IL, 60045

$3,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,166 ft²
1301 N Western Avenue #231, Lake Forest, IL, 60045 Listing by Karen Schmid

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Scott Lackie, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11778610
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 325 Ravine Forest Drive built and last sold?
The property at 325 Ravine Forest Drive was built in 1962 and last sold on Sep 25, 2023 for $755,500.
How much is this home worth?
The estimated value of the home located at 325 Ravine Forest Drive is $792,442.
What are some comparable homes to 325 Ravine Forest Drive?
There are currently no comparable homes to 325 Ravine Forest Drive.
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