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Lake Forest 60045
61 Stone Gate Road
$1,550,000
● House - Off Market

61 Stone Gate Road

Lake Forest, IL 60045
bedrooms
3 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,295 Ft²
$9,665
Est. Monthly
0.81%
Cap Rate

About This Property

Sold Before processing! Spectacular one story custom home with lakefront and ravine views.  Primary bedroom with his and hers bathrooms and dressing rooms. 2 additional bedrooms and baths. Daylight basement.
Unit Size
3,295 Ft²
Days on Market
-
Land Size
1.36 acres
Price per sqft
$470
Property Type
House
Property Taxes
$2,054
HOA Dues
-
Year Built
1984

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #12008447)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Dec 13, 2023 Listed by Compass $1,550,000
Listed by Compass

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,647
  • Garage Type: 1
  • Garage Square Area: 825
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 59,590
  • Total Building Area: 5,767
  • Gross Building Area: 5,767
  • Building Area: 3,295
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,295
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERT H.WILSONS SUB.
  • Land Acres: 0000001368
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: ROBERT H.WILSONS SUB. LOT 4

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 865000

Geography

  • Assessors Map Reference: 2650-C4
  • District: MORAINE
  • Parcel: 16-03-201-008
  • Lot: 4
  • Municipality: TWP OF MORAINE
  • Latitude: 42.2381
  • Longitude: -87.8162

    Address

  • Full Address: 61 Stone Gate Rd
  • Address - House Number: 61
  • Address - Street Name: Stone Gate
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 2432
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,464,592
  • Tax Rate Code Area: 18002

    Appraisal Valuation

  • Standard Deviation: 0.1582
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 1,290,248
  • High Value: 1,494,396
  • Low Value: 1,086,100

    Market Valuation

  • Market Total Value: $1,203,781
  • Market Land Value: $686,538
  • Market Improvement Value: $517,243

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $401,220
  • Assessed Land Value: $228,823
  • Assessed Improvements Value: $172,397

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 18, 2024
  • Current Sale Recording Date: Mar 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8025799
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lake Forest

Stats & Trends

Median Asking:

$1,399,000

Sale Price/ft²

$404

Below Asking

0.01%

Average Days on Market

51

Average Home Size

5537 ft²

Average Home Age

41.2 years

Currently For Sale

52 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1301 N Western Avenue, Lake Forest, IL, 60045

$3,158 /mo

  • 2 Beds
  • 2 Baths
  • 1,166 ft²
1301 N Western Avenue #231, Lake Forest, IL, 60045 Listing by Shelley Ireland

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Marina Carney, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 12008447
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.

Frequently Asked Questions

When was property at 61 Stone Gate Road built and last sold?
The property at 61 Stone Gate Road was built in 1984 and last sold on Mar 18, 2024 for $1,550,000.
How much is this home worth?
The estimated value of the home located at 61 Stone Gate Road is $0.
What are some comparable homes to 61 Stone Gate Road?
There are currently no comparable homes to 61 Stone Gate Road.
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