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Lake Forest 60045
780 W Deerpath Road
$550,000
● House - Off Market

780 W Deerpath Road

Lake Forest, IL 60045
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,776 Ft²
$578,084
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Charming 3BR/2BA ranch with expansive living areas, vaulted/beamed ceilings, and newer kitchen and baths.  Impressive walls of windows and doors provide gorgeous seasonal views of the 1+ acre lot with deep and private rear yard.  In recent years, $60K was spent on specimen trees and landscaping.  The great room has an elegant wood burning fireplace and oak hardwood floors. The kitchen features granite countertops, maple cabinetry, stainless steel appliances and oak hardwood floors. New furnace 1/2022. Crawl space, no basement.  The oversized 2.5 car garage offers a large storage area in addition to the two car bays.  This much loved property is being sold "as is".
Unit Size
1,776 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$309
Property Type
House
Property Taxes
$673
HOA Dues
-
Year Built
1955

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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 #11303480)

Price History

Date / Event Date Event Price
Feb 28, 2022 Sold
Premium
Sold
Jan 13, 2022 Listed by Berkshire Hathaway HomeServices Chicago $549,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,501
  • Total Building Area: 2,256
  • Gross Building Area: 2,256
  • Building Area: 1,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,776
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTMORELAND ACRES
  • Land Acres: 0000001022
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: WESTMORELAND ACRES LOT 8

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 863500

Geography

  • Assessors Map Reference: 2649-C3
  • District: SHIELDS
  • Parcel: 12-32-101-003
  • Lot: 8
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2476
  • Longitude: -87.866

    Address

  • Full Address: 780 W Deerpath
  • Address - House Number: 780
  • Street Direction: W
  • Address - Street Name: Deerpath
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 4203
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $917,688
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 10014

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 629,532
  • High Value: 726,173
  • Low Value: 532,891

    Market Valuation

  • Market Total Value: $506,040
  • Market Land Value: $337,105
  • Market Improvement Value: $168,935

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,663
  • Assessed Land Value: $112,357
  • Assessed Improvements Value: $56,306

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 28, 2022
  • Current Sale Recording Date: Mar 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 7885743
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

50

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

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MRED

Listed by: Mona Hellinga, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11303480
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 780 West Deerpath Road built and last sold?
The property at 780 West Deerpath Road was built in 1955 and last sold on Feb 28, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 780 West Deerpath Road is $0.
What are some comparable homes to 780 West Deerpath Road?
There are currently no comparable homes to 780 West Deerpath Road.
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