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Lake Forest 60045
665 Highview Terrace
$515,000
● House - Off Market

665 Highview Terrace

Lake Forest, IL 60045
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,715 Ft²
$491,912
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Charming brick home located in the desirable Northmoor Subdivision.  Home features Living room with fireplace and oak floors, large (13X18) family room and hardwood floors throughout. 3 full baths, finished basement,great yard!  Possible in-law apartment. Home is located a block away from South Park featuring baseball diamond, tennis courts and playground equipment and bike path into downtown Lake Forest.   Home needs work, "as is" condition.  PLEASE NOTE POSSESSION IN AUGUST, 2023. YOU CAN CLOSE EARLIER, HOWEVER, DELAYED POSSESSION IS REQUIRED.
Unit Size
1,715 Ft²
Days on Market
-
Land Size
-
Price per sqft
$289
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1947

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Cap Rate Calculator

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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 #11798222)

Price History

Date / Event Date Event Price
Sep 8, 2023 Sold
Premium
Sold
Jun 2, 2023 Listed by Coldwell Banker Realty $495,000
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 887
  • Garage Type: 1
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,848
  • Total Building Area: 2,986
  • Gross Building Area: 2,986
  • Building Area: 1,715
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,715
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: L.G.ARRIES 1ST.ADDN
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: L.G.ARRIES 1ST.ADDN TO NORTHMOOR TERRACEW1/2 LOT 15 & ALL LO T 16 BLOCK 3

Neighborhood

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

Geography

  • Assessors Map Reference: 2650-B4
  • District: MORAINE
  • Parcel: 16-04-209-009
  • Block: 3
  • Lot: 15
  • Municipality: TWP OF MORAINE
  • Latitude: 42.2363
  • Longitude: -87.8309

    Address

  • Full Address: 665 Highview Ter
  • Address - House Number: 665
  • Address - Street Name: Highview
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C009
  • 4-Digit Zip Code: 3226
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,221,886
  • Tax Rate Code Area: 18002

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 649,827
  • High Value: 760,878
  • Low Value: 538,776

    Market Valuation

  • Market Total Value: $515,002
  • Market Land Value: $299,499
  • Market Improvement Value: $215,503

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $171,650
  • Assessed Land Value: $99,823
  • Assessed Improvements Value: $71,827

    Sales

  • Current Sale Contract Date: Sep 04, 2023
  • Current Sale Recording Date: Sep 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7995124
  • Previous Sale Recording Date: Jan 26, 1999
  • Previous Sale Contract Date: Dec 16, 1998
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 69

    Financing

  • First Mortgage Financing Type: ADJ
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:

$1,349,000

Sale Price/ft²

$394

Below Asking

0.01%

Average Days on Market

51

Average Home Size

5812 ft²

Average Home Age

43.5 years

Currently For Sale

56 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 333 Scott Street, Lake Forest, IL, 60045

$3,790 /mo

  • 3 Beds
  • 2 Baths
  • 2,163 ft²
333 Scott Street, Lake Forest, IL, 60045 Listing by Greg Koza
Unit for rent at 34 Washington Road, Lake Forest, IL, 60045

$4,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,550 ft²
34 Washington Road, Lake Forest, IL, 60045 Listing by Amy Proeh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tom Glusic, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11798222
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 665 Highview Terrace built and last sold?
The property at 665 Highview Terrace was built in 1947 and last sold on Sep 4, 2023 for $515,000.
How much is this home worth?
The estimated value of the home located at 665 Highview Terrace is $0.
What are some comparable homes to 665 Highview Terrace?
There are currently no comparable homes to 665 Highview Terrace.
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