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520 Cherokee Road

520 Cherokee Road, Lake Forest, IL 60045
Property in Whispering Oaks
Sold Aug 11, 2022
$1,175,000
$940,000 by Greenstate Credit Union
Mortgage Due Sep 01, 2052
Sold Nov 19, 2015
$760,000
$608,000 by Rbs Citizens Na
Mortgage Due Dec 01, 2045
520 Cherokee Road has been categorized by the local assessors in Lake Forest, IL as a residential type of property. The building on the property was first built in 1965 and is 59 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 520 Cherokee Road has 3,030 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,000 ft and across the front of the lot is 1,200 ft. The area measurement of the land has been determined as 24,002 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 519 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Aug 9, 2022 for $1,175,000. That's $234.11 per sqft. Prior to that sales transaction, the property was also sold in Nov 16, 2015 for $760,000. 520 Cherokee Road was last assessed in 2023. The total value of the property was assessed at $296,367. Specifically, the land the property is located on was valued at $107,835. While improvements on the property were assessed at a total of $188,532. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $15,530. The initial tax year of delinquency was in 2021. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,470
  • Garage Type: Attached
  • Garage Square Area: 519
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 24,002
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 5,019
  • Gross Building Area: 5,019
  • Building Area: 3,030
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,030
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WHISPERING OAKS UNIT 6
  • Land Acres: 0.551
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WHISPERING OAKS UNIT 6 LOT 15

Ownership

  • Current Owner : COLETTO ANTHONY NICHOLAS
  • Current Owner 2: COLETTO NICOLA
  • Previous Owner : PENNINGTON
  • Previous Owner 2: KATE
  • Owner Before Previous Owner: CHUCHEL PAUL B
  • Owner Before Previous Owner 2: CHUCHEL SHEILA A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Geography

  • Assessors Map Reference: 2650-A6
  • District: WEST DEERFIE
  • Parcel: 16-04-406-036
  • Lot: 15
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.2262
  • Longitude: -87.8343

    Address

  • Full Address: 520 Cherokee Rd
  • Legal Unit: 6
  • Address - House Number: 520
  • Address - Street Name: Cherokee
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C028
  • 4-Digit Zip Code: 3157
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,530
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 17025

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 1,000,152
  • High Value: 1,159,926
  • Low Value: 840,377

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $940,000
  • First Open Lien Mortgage Lender: GREENSTATE CREDIT UNION
  • First Open Lien Mortgage Recording Date: Aug 11, 2022
  • First Open Lien Mortgage Loan Amount: $940,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2052

    Market Valuation

  • Market Total Value: $889,190
  • Market Land Value: $323,537
  • Market Improvement Value: $565,653

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $296,367
  • Assessed Land Value: $107,835
  • Assessed Improvements Value: $188,532

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 09, 2022
  • Current Sale Recording Date: Aug 11, 2022
  • Current Sale Transaction ID: 11894392121
  • Current Sale Price: $1,175,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7925711
  • Previous Sale Recording Date: Nov 19, 2015
  • Previous Sale Contract Date: Nov 16, 2015
  • Previous Sale Amount: $760,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREENSTATE CREDIT UNION
  • First Mortgage Transaction Date: Aug 11, 2022
  • First Mortgage Loan Amount: $940,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: RBS CITIZENS NA
  • Previous Mortgage Transaction Date: Nov 19, 2015
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $608,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Dec 01, 2045

About Whispering Oaks



Similar Buildings

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Nearby Rentals

Unit for rent at 187 E Winthrop Lane, Lake Forest, IL, 60045

$5,500 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,318 ft²
187 E Winthrop Lane #187, Lake Forest, IL, 60045 Listing by John Wesley Ingold

Frequently Asked Questions

What neighborhood is 520 Cherokee Road located in?
The 520 Cherokee Road is a located in the neighborhood of Whispering Oaks in Whispering Oaks, Lake Forest.
What is the average sales price for listings in 520 Cherokee Road?
The average sales price for units in 520 Cherokee Road is $0 currently.

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