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Lake Forest 60045
550 Hunter Lane
$1,250,000
● House - Off Market

550 Hunter Lane

Lake Forest, IL 60045
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
6,279 Ft²
$8,496
Est. Monthly
2.88%
Cap Rate

About This Property

Unbeatable Value! This beautiful, stately & light filled home with over 7200 sq ft of living space is situated on 1.26 acre lot in terrific Ridgelands neighborhood. The dramatic foyer with bridal staircase & marble tile floor leads to a stunning 2-story family room with soaring ceilings, oak floors, an accent wall with fireplace, Palladian window & French doors leading to brick terrace & backyard. Adjacent living room with oak floors & surround sound and overlooks backyard. Formal dining room with crown moldings. Huge kitchen with breakfast area boasts 42-inch Brookhaven wood cabinets, island, Sub Zero refrigerator, granite countertops, desk area & side door to backyard. The main level is completed with bedroom/office, mud room, laundry room, full bath & powder room. The spacious primary suite upstairs has two walk-in closets & luxurious bath with two vanities, marble floor, separate steam shower & whirlpool tub. The remaining 3 bedrooms, 3.1 baths on 2nd level are equally well-appointed with Hunter Douglas window treatments & closet organizers. Impressive finished basement with additional living space offers an amazing entertaining area with media center, pool table & a home gym with full equipment. The 6th bedroom, full bathroom, kitchenette, storage & mechanical room complete the lower level. Most recent updates include new washer & dryer & 2 new water heaters. 3 car attached heated garage with circular brick paver driveway. Cedar roof. Professionally landscaped yard. Minutes to Metra train station, shopping & restaurants. A very special home at fantastic price!
Unit Size
6,279 Ft²
Days on Market
-
Land Size
1.26 acres
Price per sqft
$209
Property Type
House
Property Taxes
$2,039
HOA Dues
-
Year Built
1994

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Last updated: 2 years ago (MRED MLS #12188439)

Price History

Date / Event Date Event Price
Jan 15, 2025 Sold
Sold
Nov 16, 2024 In contract -
In contract
Oct 16, 2024 Temporarily off market -
Temporarily off market
Oct 14, 2024 Listed by Baird & Warner $1,315,000
Listed by Baird & Warner
Sep 30, 2024 In contract -
In contract
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Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 12
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,862
  • Garage Type: 1
  • Garage Square Area: 792
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,886
  • Total Building Area: 8,160
  • Gross Building Area: 8,217
  • Building Area: 4,506
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,506
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGELAND SUB
  • Land Acres: 0000001260
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: RIDGELAND SUB; LOT 42

Neighborhood

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

Geography

  • District: WEST DEERFIE
  • Parcel: 16-05-409-001
  • Lot: 42
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.2299
  • Longitude: -87.8567

    Address

  • Full Address: 550 Hunter Ln
  • Address - House Number: 550
  • Address - Street Name: Hunter
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C024
  • 4-Digit Zip Code: 2790
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,446,258
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 17025

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 1,457,400
  • High Value: 1,588,705
  • Low Value: 1,326,095

    Market Valuation

  • Market Total Value: $1,072,895
  • Market Land Value: $400,837
  • Market Improvement Value: $672,058

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,596
  • Assessed Land Value: $133,599
  • Assessed Improvements Value: $223,997

    Sales

  • Current Sale Contract Date: Oct 28, 2005
  • Current Sale Recording Date: Dec 01, 2005
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5905322
  • Previous Sale Recording Date: May 12, 2000
  • Previous Sale Contract Date: Apr 27, 2000
  • Previous Sale Amount: $1,435,000
  • Previous Sale Document Type: 27
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 Lake Forest


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 525 W Deerpath Road, Lake Forest, IL, 60045

$4,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,352 ft²
525 W Deerpath Road, Lake Forest, IL, 60045 Listing by Megan Sparrow Jordan


Frequently Asked Questions

When was property at 550 Hunter Lane built and last sold?
The property at 550 Hunter Lane was built in 1994 and last sold on Oct 28, 2005 for $1,232,000.
How much is this home worth?
The estimated value of the home located at 550 Hunter Lane is $0.
What are some comparable homes to 550 Hunter Lane?
There are currently no comparable homes to 550 Hunter Lane.