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Lake Forest 60045 Lake Forest Westlands
866 Oak Knoll Drive
$800,000
● House - Off Market

866 Oak Knoll Drive

Lake Forest, IL 60045
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,892 Ft²
$861,649
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Rarely available ranch on 2.65 acres on a quiet tree lined street in a sought after Lake Forest neighborhood with close proximity to shopping, parks, Metra and major highways. The existing 2900 SF home has tremendous potential and offers many options - enjoy as is, expand, remodel or built new.
Unit Size
2,892 Ft²
Days on Market
-
Land Size
2.65 acres
Price per sqft
$294
Property Type
House
Property Taxes
$1,426
HOA Dues
-
Year Built
1964

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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 #11339684)

Price History

Date / Event Date Event Price
Apr 26, 2022 Sold
Premium
Sold
Mar 4, 2022 Listed by Compass $850,000
Listed by Compass

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,619
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 115,434
  • Total Building Area: 5,015
  • Gross Building Area: 5,015
  • Building Area: 2,892
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,892
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PERCY WILSONS LAKE FOREST WESTLANDS UNIT
  • Land Acres: 0000002650
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: PERCY WILSONS LAKE FOREST WESTLANDS UNIT 3 LOT 20

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 864601

Geography

  • District: WEST DEERFIE
  • Parcel: 16-07-101-003
  • Lot: 20
  • Municipality: TWP OF WEST DEERFIELD
  • Latitude: 42.2244
  • Longitude: -87.8846

    Address

  • Full Address: 866 Oak Knoll Dr
  • Legal Unit: 3
  • Address - House Number: 866
  • Address - Street Name: Oak Knoll
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C021
  • 4-Digit Zip Code: 2634
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,926,328
  • Tax Rate Code Area: 17025

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 1,108,913
  • High Value: 1,298,419
  • Low Value: 919,407

    Market Valuation

  • Market Total Value: $836,054
  • Market Land Value: $554,986
  • Market Improvement Value: $281,068

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $278,657
  • Assessed Land Value: $184,977
  • Assessed Improvements Value: $93,680

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: May 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7901107
  • Previous Sale Recording Date: Apr 05, 2006
  • Previous Sale Contract Date: Feb 15, 2006
  • Previous Sale Amount: $1,175,000
  • 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 Westlands

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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 1111 S Waukegan Road S, Lake Forest, IL, 60045

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 2,025 ft²
1111 S Waukegan Road S #14, Lake Forest, IL, 60045 Listing by Pam Devendorf

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Elizabeth Wieneke, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11339684
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 866 Oak Knoll Drive built and last sold?
The property at 866 Oak Knoll Drive was built in 1964 and last sold on Apr 22, 2022 for $800,000.
How much is this home worth?
The estimated value of the home located at 866 Oak Knoll Drive is $858,500.
What are some comparable homes to 866 Oak Knoll Drive?
There are currently no comparable homes to 866 Oak Knoll Drive.
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