$365,000
●
House -
Off Market
602 Forest Hill Road
Lake Forest, IL 60045
3 Beds
2 Baths
1,956 Ft²
$414,348
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Amazing opportunity for rehabbers, investors, and developers to
create a dream home in sought-after Whispering Oaks neighborhood,
ideally located in east Lake Forest. All brick house situated on
1/2 acre lot, with mature trees. Close to many Lake Forest
amenities, including Lake Michigan beach, historic Market Square,
shops, restaurants, Lake Forest Open Lands, Fort Sheridan Forest
Preserve, bike paths, parks, Gorton Community Center, recreation
center, Metra train, and the list goes on and on! Sold AS-IS. SOLD
DURING PROCESSING.
Unit Size
1,956 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$187
Property Type
House
Property Taxes
$876
HOA Dues
-
Year Built
1958
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #11202437)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2023 | Sold | ||
| Sold | |||
| Oct 19, 2022 | Listed by The Horvay Group LLC | $789,900 | |
| Listed by The Horvay Group LLC | |||
| | |||
|
NEW, NEW, NEW! Beautifully rehabbed tri-level open floorplan home. Don't miss this opportunity. Master suite added with walk-in closet and master bath. Master bath has double sinks, backlit mirror, walk-in shower with body jets. Kitchen touts new Energy Star Premium Kitchen Aide SS appliances with down draft gas cook top, custom cabinetry with mixer cabinet, pantry and quartz countertops. Cozy up in the family room enjoying a fire in the wood burning fireplace or tailgate with friends in the heated garage. Enjoy the scenic wooded back yard on the new deck ready for entertaining on warm summer nights. Don't worry about the big stuff either, we've replaced almost everything: New Energy Star A/C, furnace, & gas water heater w/ power vent; New 200-amp service; New roof, gutters, windows (2nd & Main flrs.), insulated garage door & driveway; New electrical fixtures, can lights & laminate waterproof flooring throughout. This house is ready for you to make it your home.
| |||
| Sep 23, 2021 | Sold | ||
| Sold | |||
| Aug 25, 2021 | Listed by Coldwell Banker Realty | $365,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
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Type
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About Whispering Oaks
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Listed by: Leslie Gleason, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11202437
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11202437
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