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The property at 461 North Green Bay Rd in Lake Forest, IL is a beautiful 1912 residential property. The lot is 15,329 square feet with a 2,340 square foot ground floor living space. The property features a commercial-grade air conditioning system and forced air heating. With 4 bathrooms and a fireplace, this 2-story home also includes a garage with 460 square feet. The last sale date was 07/13/2020 with a sale price of $930,000. The tax assessed value is $414,580, with a breakdown of $127,514 for the land and $287,066 for improvements.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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