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775 East Illinois Road

775 East Illinois Road, Lake Forest, IL 60045
Property in Shields
Sold Jul 31, 2020
$850,000
$510,000 by Pacor Mortgage Corp
Mortgage Due Aug 01, 2050
Sold Apr 15, 1999
$1,150,000
Local assessors in Lake Forest, IL have categorized 775 East Illinois Road as a residential type of property. The home was built in 1994 and is 30 years old. The property's lot size has been calculated to be 19,955 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 4 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 775 East Illinois Road has a total of 3,257 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 726 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The building has a roof that is made of wood shake/ shingles. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 775 East Illinois Road sold most recently in Jul 22, 2020 for a total of $850,000. If you work out the math, that's approximately a cost of $140.15 per sqft. Before that, the property was also sold for $1,150,000 in Mar 31, 1999. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $16,798 in taxes each year. 775 East Illinois Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $292,549. If we break it down further, the land itself was valued at $147,119. Improvements to the property, however, were assessed at a total of $145,430. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 2,082
  • Garage Type: Attached
  • Garage Square Area: 726
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 19,955
  • Total Building Area: 6,065
  • Gross Building Area: 6,065
  • Building Area: 3,257
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,257
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHARLES ROWE SUB
  • Land Acres: 0.458
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CHARLES ROWE SUB; LT 1

Ownership

  • Current Owner : CAROLINE EIMERMAN
  • Previous Owner : FOX KAREN R
  • Previous Owner 2: KAREN R FOX TRUST
  • Owner Before Previous Owner: REARDON MARK
  • Owner Before Previous Owner 2: REARDON ELIZABETH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: 2650-B4
  • District: SHIELDS
  • Parcel: 12-33-409-087
  • Lot: 1
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2419
  • Longitude: -87.8286

    Address

  • Full Address: 775 E Illinois Rd
  • Address - House Number: 775
  • Street Direction: E
  • Address - Street Name: Illinois
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C002
  • 4-Digit Zip Code: 2403
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,798
  • Tax Rate Code Area: 10014

    Appraisal Valuation

  • Standard Deviation: 0.2091
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 1,106,068
  • High Value: 1,337,418
  • Low Value: 874,717

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,000
  • First Open Lien Mortgage Lender: PACOR MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 31, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $510,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $877,735
  • Market Land Value: $441,401
  • Market Improvement Value: $436,334

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,549
  • Assessed Land Value: $147,119
  • Assessed Improvements Value: $145,430

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2020
  • Current Sale Recording Date: Jul 31, 2020
  • Current Sale Transaction ID: 11779124241
  • Current Sale Price: $850,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 7679296
  • Previous Sale Recording Date: Apr 15, 1999
  • Previous Sale Contract Date: Mar 31, 1999
  • Previous Sale Amount: $1,150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACOR MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 31, 2020
  • First Mortgage Loan Amount: $510,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 775 East Illinois Road located in?
The 775 East Illinois Road is a located in the neighborhood of Shields in Lake Forest, Lake Forest.
What is the average sales price for listings in 775 East Illinois Road?
The average sales price for units in 775 East Illinois Road is $0 currently.

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