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404 Forest Lane

404 Forest Lane, Libertyville, IL 60048
Property in Oakwood Terrace
Sold Mar 19, 2021
$1,680,000
$1,625,200 by Cmg Mortgage, Inc.
Mortgage Due Dec 21, 2053
Sold Feb 12, 2013
$1,720,000
$1,204,000 by Jpmorgan Chase Bank Na
Mortgage Due Feb 01, 2043
404 Forest Lane in Libertyville, IL was first built in 2002 and is 22 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 20 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 7 full bathrooms. There are 8 partial bathrooms. 404 Forest Lane has 8,728 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 31,821 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 1,274 sqft. There are a total of 5 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 404 Forest Lane sold most recently in Feb 5, 2021 for a total of $1,680,000. If you work out the math, that's approximately a cost of $122.26 per sqft. Before that, the property was also sold for $1,720,000 in Jan 25, 2013. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $44,303 in taxes each year. 404 Forest Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $581,959. If we break it down further, the land itself was valued at $169,634. Improvements to the property, however, were assessed at a total of $412,325. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 20
  • Bedroom Count: 6
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Unknown
  • Exterior Walls Type: Stucco
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 3,739
  • Garage Type: Attached
  • Garage Square Area: 1,274
  • Parking Space Count: 5

    Dimensions

  • Lot Size Square Feet: 31,821
  • Total Building Area: 13,741
  • Gross Building Area: 13,741
  • Building Area: 8,728
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 8,728
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: OAKWOOD TERRACE SUB
  • Land Acres: 0.731
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OAKWOOD TERRACE SUB (EX S 12FT) LOT 62

Ownership

  • Current Owner : MARANO RACHEL
  • Current Owner 2: GORDON BRANT
  • Previous Owner : JENNINGS DOUGLAS L
  • Previous Owner 2: JENNINGS JENNIFER V
  • Owner Before Previous Owner: PARTAIN NATHAN
  • Owner Before Previous Owner 2: PARTAIN KRISTINE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Libertyville School District 70
  • Census Tract: 863604

Geography

  • District: LIBERTYVILLE
  • Parcel: 11-16-309-001
  • Lot: 62
  • Municipality: TWP OF LIBERTYVILLE
  • Latitude: 42.2868
  • Longitude: -87.9613

    Address

  • Full Address: 404 Forest Ln
  • Address - House Number: 404
  • Address - Street Name: Forest
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Libertyville
  • Carrier Code: C005
  • 4-Digit Zip Code: 2120
  • Zip Code: 60048

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $44,303
  • Tax Rate Code Area: 11038

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 2,042,970
  • High Value: 2,443,543
  • Low Value: 1,642,396

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,625,200
  • First Open Lien Mortgage Lender: CMG MORTGAGE, INC.
  • First Open Lien Mortgage Recording Date: Dec 11, 2023
  • First Open Lien Mortgage Loan Amount: $1,625,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Dec 21, 2053

    Market Valuation

  • Market Total Value: $1,746,052
  • Market Land Value: $508,953
  • Market Improvement Value: $1,237,099

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $581,959
  • Assessed Land Value: $169,634
  • Assessed Improvements Value: $412,325

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 05, 2021
  • Current Sale Recording Date: Mar 19, 2021
  • Current Sale Transaction ID: 11833296993
  • Current Sale Price: $1,680,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7765459
  • Previous Sale Recording Date: Feb 12, 2013
  • Previous Sale Contract Date: Jan 25, 2013
  • Previous Sale Amount: $1,720,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Mar 19, 2021
  • First Mortgage Loan Amount: $1,344,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Feb 12, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,204,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Feb 01, 2043

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Frequently Asked Questions

What neighborhood is 404 Forest Lane located in?
The 404 Forest Lane is a located in the neighborhood of Oakwood Terrace in Oakwood Terrace, Libertyville.
What is the average sales price for listings in 404 Forest Lane?
The average sales price for units in 404 Forest Lane is $0 currently.

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