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Lake Forest 60045
699 Cherry Avenue
$320,000
● House - Off Market

699 Cherry Avenue

Lake Forest, IL 60045
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,284 Ft²
$343,202
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Lovely and charming farmhouse located in East Lake Forest!  This sweet home sits on a quiet street . Enjoy the freshly painted the front porch. The Living room and Dining room have hardwood floors and the dining room boasts an octogonal window ... which provides great sunlight. There is a mudroom area off the kitchen too. The bedrooms have wood floors as well. The yard is a nice size  1.2 miles to town and under 2 miles to the beach!
Unit Size
1,284 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$257
Property Type
House
Property Taxes
$590
HOA Dues
-
Year Built
1900

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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 #11383860)

Price History

Date / Event Date Event Price
Sep 1, 2022 Sold
Premium
Sold
Apr 23, 2022 Listed by Berkshire Hathaway HomeServices Chicago $329,990
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 9
  • 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: 722
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,092
  • Total Building Area: 1,846
  • Gross Building Area: 1,990
  • Building Area: 1,124
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,124
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTY CLERKS SUB OF LOTS 289 & 290 LAKE
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: COUNTY CLERKS SUB OF LOTS 289 & 290 LAKE FOREST; LOT 17 BL OCK 289

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 863400

Geography

  • Assessors Map Reference: 2650-B4
  • District: SHIELDS
  • Parcel: 12-33-409-061
  • Block: 289
  • Lot: 17,28
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2409
  • Longitude: -87.8303

    Address

  • Full Address: 699 Cherry Ave
  • Address - House Number: 699
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C005
  • 4-Digit Zip Code: 2475
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $783,722
  • Tax Rate Code Area: 10014

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 364,851
  • High Value: 397,722
  • Low Value: 331,979

    Market Valuation

  • Market Total Value: $416,591
  • Market Land Value: $223,504
  • Market Improvement Value: $193,087

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,850
  • Assessed Land Value: $74,494
  • Assessed Improvements Value: $64,356

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7931971
  • Previous Sale Recording Date: Jul 17, 2013
  • Previous Sale Contract Date: Jun 28, 2013
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 71
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

$397

Below Asking

0.01%

Average Days on Market

51

Average Home Size

5722 ft²

Average Home Age

42.1 years

Currently For Sale

57 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

Rentals Near You

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MRED

Listed by: Maureen O'Grady-Tuohy, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11383860
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 699 Cherry Avenue built and last sold?
The property at 699 Cherry Avenue was built in 1900 and last sold on Sep 1, 2022 for $320,000.
How much is this home worth?
The estimated value of the home located at 699 Cherry Avenue is $0.
What are some comparable homes to 699 Cherry Avenue?
There are currently no comparable homes to 699 Cherry Avenue.
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