See Home Value
$1,800,000
● House - Off Market

501 Butler Drive

Lake Forest, IL 60045
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,500 Ft²
$1,841,553
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Welcome to this stunning, updated, 5 bedroom, 5 bath, all brick home. This home is on an idyllic location of a premium 1.3-acre lot next to beautiful Waveland Park, backing up to a private wooded area.  Amazing features include a cook's kitchen, home gym, new and refurbished hardwood flooring, new lighting throughout, and a floor plan perfect for everyday living as well as for entertaining in style. This house includes meticulous upgrades including the fabulous expanded and renovated kitchen with top-of-the-line stainless steel appliances, quartz countertops, custom cabinetry, beautiful backsplash, an 11-foot island and a marvelous coffee bar with built-in Miele coffee maker and beverage fridge!  The kitchen opens to the light and bright, spectacular family room and eating area, with vaulted beamed ceiling, wonderful built-ins and walls of windows and glass doors showcasing the stunning views of the gorgeous, professionally landscaped yard, patio and pool!  The large first floor private office has an exquisite brick fireplace, built-ins and convenient patio access. The outdoor living space includes a beautiful, heated pool, brick fireplace, stunning pergola and expansive patio.  The renovated mudroom and first floor full bath have heated flooring, and easy access to pool and patio area.  The spacious primary bedroom suite on the upper level is truly a retreat with a luxurious whirlpool bath and a steam shower. Four additional large bedrooms and two lovely baths grace the rest of the upper level.  The amazing fully renovated lower level expands the actual living space by another 1500+ square feet which includes a large recreation room, an awesome game/wet bar area, an exercise room, a full bath, a flexible room perfect for a 2nd office or a 6th bedroom and plenty of storage space.   Full home sound system, security system, full-house back-up generator and so much more!! This is an absolute MUST-SEE!!
Unit Size
4,500 Ft²
Days on Market
-
Land Size
1.38 acres
Price per sqft
$400
Property Type
House
Property Taxes
$2,105
HOA Dues
-
Year Built
1975

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Last updated: 3 years ago (MRED MLS #11381235)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Sold
Apr 22, 2022 Listed by Compass $1,800,000
Listed by Compass

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: 6
  • Building Quality: 1
  • 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: 1,648
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 60,113
  • Total Building Area: 6,351
  • Gross Building Area: 6,351
  • Building Area: 4,079
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,079
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIT 2 OF GLENWOOD SUB
  • Land Acres: 0000001380
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: UNIT 2 OF GLENWOOD SUB; LOT 5

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 864602

Geography

  • Assessors Map Reference: 2649-E5
  • District: WEST DEERFIE
  • Parcel: 16-04-302-003
  • Lot: 5
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.2309
  • Longitude: -87.8432

    Address

  • Full Address: 501 Butler Dr
  • Legal Unit: 2
  • Address - House Number: 501
  • Address - Street Name: Butler
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C027
  • 4-Digit Zip Code: 3015
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,843,246
  • Tax Rate Code Area: 17025

    Appraisal Valuation

  • Standard Deviation: 0.209
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 1,609,969
  • High Value: 1,946,521
  • Low Value: 1,273,417

    Market Valuation

  • Market Total Value: $1,637,015
  • Market Land Value: $529,163
  • Market Improvement Value: $1,107,852

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,617
  • Assessed Land Value: $176,370
  • Assessed Improvements Value: $369,247

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Jul 19, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7920584
  • Previous Sale Recording Date: Mar 11, 2016
  • Previous Sale Contract Date: Mar 03, 2016
  • Previous Sale Amount: $1,350,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Glenwood


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Nearby Rentals

Unit for rent at 333 Scott Street, Lake Forest, IL, 60045

$3,790 /mo

  • 3 Beds
  • 2 Baths
  • 2,163 ft²
333 Scott Street, Lake Forest, IL, 60045 Listing by Greg Koza
Unit for rent at 34 Washington Road, Lake Forest, IL, 60045

$4,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,550 ft²
34 Washington Road, Lake Forest, IL, 60045 Listing by Amy Proeh


Frequently Asked Questions

When was property at 501 Butler Drive built and last sold?
The property at 501 Butler Drive was built in 1975 and last sold on Jul 8, 2022 for $1,800,000.
How much is this home worth?
The estimated value of the home located at 501 Butler Drive is $1,818,000.
What are some comparable homes to 501 Butler Drive?
There are currently no comparable homes to 501 Butler Drive.