See Home Value
$1,340,000
● House - Off Market

564 Lexington Drive

Lake Forest, IL 60045
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,648 Ft²
$8,444
Est. Monthly
2.36%
Cap Rate

About This Property

Discover a quieter existence, bounded by acres of protected Lake Forest Open Lands set on one of the largest lots in Meadowood with breathtaking sunsets overlooking the prairie year-round. This marks the first time this property has been offered sale in almost 20 years.  A meticulously maintained Colonial of approximately 3,650 square feet has been elegantly poised on the site to maximize connection to the outdoors. From the moment you walk into the foyer, a sense of tranquility permeates the interiors as you glimpse views straight into the backyard. A gracious floorplan provides great flow and connection through the main rooms of the house. The owners have continued to improve the home over the years, exemplified by all of the thoughtful details and updates throughout. Welcoming, sun-drenched spaces are appointed with tall windows, hardwood floors and timeless crown moldings. French doors separate the formal living room from the family room yet can be easily opened up for entertaining. The expansive family room - the result of an extensive 2005 renovation - connects to a cozy den with a wet bar and fireplace. The remodeled eat-in kitchen boasts ample counter space, a center island, and premium appliances, and resides just adjacent to the formal dining room. The spacious Chicago brick patio creates further opportunities for relaxing amid the natural surroundings. Upstairs, five light-filled bedrooms each offer a tranquil retreat with panoramic views of the prairie. The primary suite is a haven with two closets and a newly renovated bath. The finished basement features abundant storage, a workshop and multiple areas that can accommodate everything from a media room to a rec room. Other appointments include a mudroom, first floor laundry room with wash sink and an attached garage with EV charger and epoxy finished floor. As one of the premier locations in Meadowood, this exceptional property is a rare real estate offering for Lake Forest; it may not be on the market again for another two decades!
Unit Size
3,648 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$391
Property Type
House
Property Taxes
$1,447
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #11978989)

Price History

Date / Event Date Event Price
May 10, 2024 Sold
Sold
Feb 19, 2024 Listed by Coldwell Banker Realty $1,425,000
Listed by Coldwell Banker Realty

Property Highlights


Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • 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: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,564
  • Garage Type: 1
  • Garage Square Area: 578
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,635
  • Total Building Area: 5,790
  • Gross Building Area: 5,790
  • Building Area: 3,648
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,648
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWOOD UNIT NO 2
  • Land Acres: 0000000795
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: MEADOWOOD UNIT NO 2 LOT 21

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 863500

Geography

  • District: SHIELDS
  • Parcel: 12-31-101-002
  • Lot: 21
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2502
  • Longitude: -87.8809

    Address

  • Full Address: 564 Lexington Dr
  • Legal Unit: 2
  • Address - House Number: 564
  • Address - Street Name: Lexington
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C023
  • 4-Digit Zip Code: 1544
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,735,842
  • Tax Rate Code Area: 10014

    Appraisal Valuation

  • Standard Deviation: 0.0908
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 92
  • Final Value: 1,397,331
  • High Value: 1,524,217
  • Low Value: 1,270,445

    Market Valuation

  • Market Total Value: $888,113
  • Market Land Value: $319,334
  • Market Improvement Value: $568,779

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $296,008
  • Assessed Land Value: $106,434
  • Assessed Improvements Value: $189,574

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 15, 2005
  • Current Sale Recording Date: Aug 30, 2005
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5849126

    Financing

  • First Mortgage Financing Type: FIX
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 Meadowood


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Frequently Asked Questions

When was property at 564 Lexington Drive built and last sold?
The property at 564 Lexington Drive was built in 1967 and last sold on Aug 15, 2005 for $1,110,000.
How much is this home worth?
The estimated value of the home located at 564 Lexington Drive is $0.
What are some comparable homes to 564 Lexington Drive?
There are currently no comparable homes to 564 Lexington Drive.