Description
Lakefront on Lake Forest. Huge center-hall colonial features hardwood floors throughout. In-law setup in finished walkout lower level with French doors. There are 5 BRs on 2nd level + 2 additional BRs on 3rd level. Master suite features full bath/jacuzzi & seated shower stall + walk-in closet. Great Room with fireplace & slider to newer 22 foot long deck with views of the lake. Form DIN, LR & Fam Rms. Main level laundry. Large 2 car garage with interior access to what was a legal daycare with sep entrance. 200 AMP Electric, new 2018 boiler and boiler mate, roof 2017, thermal windows, kit 2018. Great flow for entertaining. Lake Forest membership with optional annual cost of $150.00. Dir access to lake which allows for canoes, kayaks and boats with electric motors. Home is currently rented to 4 students at $850 per month for an annual income of $40,800. Leases will expire at the end of May 2021. That said, this home should be considered for investment purposes only during this scholastic year. Prior to expiration of leases, it can be shown to owner occupants beginning sometime around April 1st unless the buyer occupant is a cash buyer which would allow them to buy now, honor the leases through May of 2021 and either continue as an investor or move into the main part and restart the daycare! There are many possibilities here. There is also an adjacent side lot available at 1473 Chopsey Hill Road should the buyer be interested for additional parking. LakeForestAssociation.com
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7BEDS
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0.44ACRES
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4BATHS
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11/2 BATHS
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5,233SQFT
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$86$/SQFT
School Information
Description
Lakefront on Lake Forest. Huge center-hall colonial features hardwood floors throughout. In-law setup in finished walkout lower level with French doors. There are 5 BRs on 2nd level + 2 additional BRs on 3rd level. Master suite features full bath/jacuzzi & seated shower stall + walk-in closet. Great Room with fireplace & slider to newer 22 foot long deck with views of the lake. Form DIN, LR & Fam Rms. Main level laundry. Large 2 car garage with interior access to what was a legal daycare with sep entrance. 200 AMP Electric, new 2018 boiler and boiler mate, roof 2017, thermal windows, kit 2018. Great flow for entertaining. Lake Forest membership with optional annual cost of $150.00. Dir access to lake which allows for canoes, kayaks and boats with electric motors. Home is currently rented to 4 students at $850 per month for an annual income of $40,800. Leases will expire at the end of May 2021. That said, this home should be considered for investment purposes only during this scholastic year. Prior to expiration of leases, it can be shown to owner occupants beginning sometime around April 1st unless the buyer occupant is a cash buyer which would allow them to buy now, honor the leases through May of 2021 and either continue as an investor or move into the main part and restart the daycare! There are many possibilities here. There is also an adjacent side lot available at 1473 Chopsey Hill Road should the buyer be interested for additional parking. LakeForestAssociation.com
© 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Around Town Real Estate Team | Keller Williams. Data last updated: 2021-02-27T13:09:53.173.