Google street view image for 331 Wallace Rd, Lake Forest, IL 60045

Off market oct 2003 for $1M

$2,360,282

Est. refi paymentEst. refi $6,785/mo

•

5.5 ba

•

9,265

sq ft

331 Wallace Rd, Lake Forest, IL 60045

About this home

331 Wallace Rd is a 9,265 square foot house on a 1.35 acre lot with 4 bedrooms and 5.5 bathrooms. - it last sold on October 30, 2003 for $1,000,000. Based on Redfin's Lake Forest data, we estimate the home's value is $2,360,282.

Single-familyProperty Type

2002Year Built

1.35 acresLot Size

$255Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$2,360,282

$1.4M since sold in October 2003$80K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 8.4% higher than the average sale price ($2.18M) of 6 comparable homes.

SOLD JUN 29, 2026
$2,600,000
A
5 beds5.5 baths5,290 sq ft
160 S Suffolk Ln, Lake Forest, IL 60045
SOLD JUN 11, 2026
$1,625,000
B
5 beds5.5 baths7,325 sq ft
600 Hunter Ln, Lake Forest, IL 60045
SOLD AUG 31, 2026
$2,600,000
C
5 beds6 baths7,090 sq ft
855 Jennifer Ct, Lake Forest, IL 60045
SOLD APR 17, 2026
$2,725,000
D
4 beds5 baths8,478 sq ft
1371 Lakewood Dr, Lake Forest, IL 60045
SOLD JUN 15, 2026
$1,620,000
E
4 beds4.5 baths4,244 sq ft
791 S Ridge Rd, Lake Forest, IL 60045
SOLD MAY 29, 2026
$1,892,500
F
5 beds5 baths6,841 sq ft
1315 Abington Cambs Dr, Lake Forest, IL 60045

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Earn from this home

Sell

$1,970,029

Est. take-home

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Refinance

Est. cash available

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Rent

$6,484/mo

Redfin rental estimate

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Market trends in 60045, IL

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.7%

+0.1% MoM

Median sale price

$1.3M

$81K MoM

Avg. days on market

47d

2 days MoM

Recently sold homes

6 MoM

New listings for sale

EARLY ACCESS
$1,145,000
4 beds2.5 baths2,784 sq ft
1211 Oak Knoll Dr, Lake Forest, IL 60045
NEW
$1,125,000
4 beds3 baths2,244 sq ft
10 E Louis Ave, Lake Forest, IL 60045
NEW
$999,000
4 beds5 baths4,967 sq ft
1161 Winwood Dr, Lake Forest, IL 60045
$2,500,000
5 beds5.5 baths5,752 sq ft
351 Wallace Rd, Lake Forest, IL 60045
$1,290,000
5 beds3 baths3,091 sq ft
1040 S Green Bay Rd, Lake Forest, IL 60045
$1,725,000
4 beds3.5 baths2,500 sq ft
1885 Amberley Ct, Lake Forest, IL 60045
$998,000
4 beds3 baths2,146 sq ft
535 N Waukegan Rd, Lake Forest, IL 60045
$2,299,000
4 beds5.5 baths5,300 sq ft
1871 W Salisbury Ln, Lake Forest, IL 60045
$1,625,000
5 beds4.5 baths4,415 sq ft
544 Lexington Dr, Lake Forest, IL 60045
$2,399,000
5 beds5.5 baths5,200 sq ft
305 Briarwood Ln, Lincolnshire, IL 60069
See all

Provided by Redfin

Sale history for 331 Wallace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$36,583 (+8.5%)

$196,844 + $447,900

$644,744

2024

$33,707 (−0.9%)

$196,844 + $447,900

$644,744

2023

$34,012 (−2.4%)

$175,474 + $399,273

$574,747

2022

$34,863 (+5.8%)

$168,401 + $383,179

$551,580

2021

$32,965 (+2.7%)

$177,364 + $409,319

$586,683

2020

$32,110 (+3.4%)

$171,003 + $394,638

$565,641

2019

$31,048 (−4.5%)

$171,072 + $394,797

$565,869

2018

$32,504 (+1.9%)

$181,323 + $441,240

$622,563

2017

$31,886 (+3.1%)

$181,323 + $441,240

$622,563

2016

$30,918 (+1.3%)

$180,745 + $439,833

$620,578

2015

$30,512 (+1.9%)

$173,910 + $423,201

$597,111

2013

$29,935 (+3.6%)

$164,572 + $392,866

$557,438

2012

$28,902 (+4.3%)

$166,789 + $398,159

$564,948

2011

$27,718 (−10.3%)

$175,015 + $417,795

$592,810

2010

$30,914 (+3.2%)

$192,192 + $522,543

$714,735

2008

$29,962 (+7.0%)

$203,636 + $553,659

$757,295

2007

$27,994

$202,669 + $551,029

$753,698

Tax history for 331 Wallace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$36,583 (+8.5%)

$196,844 + $447,900

$644,744

2024

$33,707 (−0.9%)

$196,844 + $447,900

$644,744

2023

$34,012 (−2.4%)

$175,474 + $399,273

$574,747

2022

$34,863 (+5.8%)

$168,401 + $383,179

$551,580

2021

$32,965 (+2.7%)

$177,364 + $409,319

$586,683

2020

$32,110 (+3.4%)

$171,003 + $394,638

$565,641

2019

$31,048 (−4.5%)

$171,072 + $394,797

$565,869

2018

$32,504 (+1.9%)

$181,323 + $441,240

$622,563

2017

$31,886 (+3.1%)

$181,323 + $441,240

$622,563

2016

$30,918 (+1.3%)

$180,745 + $439,833

$620,578

2015

$30,512 (+1.9%)

$173,910 + $423,201

$597,111

2013

$29,935 (+3.6%)

$164,572 + $392,866

$557,438

2012

$28,902 (+4.3%)

$166,789 + $398,159

$564,948

2011

$27,718 (−10.3%)

$175,015 + $417,795

$592,810

2010

$30,914 (+3.2%)

$192,192 + $522,543

$714,735

2008

$29,962 (+7.0%)

$203,636 + $553,659

$757,295

2007

$27,994

$202,669 + $551,029

$753,698

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Permits

May 14, 2025 • Final

Roof

Tear off the existing roof and install a new roof.

Roofing

Nov 3, 2014 • Final

Building

Grading

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Basement Information
Basement Sq. Ft: 3,549
Basement Finish: Finished

Bathroom Information
# of Full Baths: 5
# of 1/2 Baths: 1

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Forced Air

Fireplace Information
# of Fireplaces: 4
Has Fireplace

Exterior

Exterior Information
Physical Condition: Average
Building Style Type: Conventional
Building Construction Quality: Excellent

Property Information
Subdivision Name: NORTH CARROLL MEADOW SUB
Living Sq. Ft: 9,265
Ground Floor Sq. Ft: 3,549
Building Sq. Ft: 10,643
# of Stories: 1.5
Legal Description: NORTH CARROLL MEADOW SUB; LOT 14

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 1,023
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 58,806
Legal Lot Number: 14
Municipality Name: WEST DEERFIELD TWP
Acres: 1.35
County Use Description: RESIDENTIAL IMPROVEMENTS

Financial

Assessor Information
Assessment Year: 2025
Tax District County: WEST DEERFIELD TOWNSHIP

Public facts

Beds: 4
Baths: 5.5
Sq. Ft.: 9,265
Stories: 1.5
Lot Size: 1.35 acres
Style: Single Family Residential
Year Built: 2002
Year Renovated: 2002
County: Lake County
APN: 16-06-203-011

Home facts updated by county records on Jul 15, 2026

Around this home

Schools

Everett Elementary School

Public K-4 • Assigned • 0.5mi

10/10

Deer Path Middle School West

Public 7-8 • Assigned • 0.5mi

10/10

Lake Forest High School

Public 9-12 • Assigned • 2.5mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

2/10 Heat Factor

7 days above 98° expected this year, 14 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Lake Forest, IL • 60045

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.2 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.24M – $2.72M

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New listings for sale in 60045

EARLY ACCESSSOTHEBY'S REALTY COMING SOON

$1,145,000

4 beds2.5 baths2,784 sq ft

1211 Oak Knoll Dr, Lake Forest, IL 60045

NEW

$1,125,000

4 beds3 baths2,244 sq ft

10 E Louis Ave, Lake Forest, IL 60045

NEW

$999,000

4 beds5 baths4,967 sq ft

1161 Winwood Dr, Lake Forest, IL 60045

$2,500,000

5 beds5.5 baths5,752 sq ft

351 Wallace Rd, Lake Forest, IL 60045

$1,290,000

5 beds3 baths3,091 sq ft

1040 S Green Bay Rd, Lake Forest, IL 60045

$1,725,000

4 beds3.5 baths2,500 sq ft

1885 Amberley Ct, Lake Forest, IL 60045

$998,000

4 beds3 baths2,146 sq ft

535 N Waukegan Rd, Lake Forest, IL 60045

$2,299,000

4 beds5.5 baths5,300 sq ft

1871 W Salisbury Ln, Lake Forest, IL 60045

$1,625,000

5 beds4.5 baths4,415 sq ft

544 Lexington Dr, Lake Forest, IL 60045

Home values near 331 Wallace Rd

Data from public records.

Address	Redfin Estimate
361 Wallace Road, Lake Forest, IL 4 Beds \| 5.5 Baths \| 7303 Sq. Ft.	$2,238,026
351 Wallace Road, Lake Forest, IL 5 Beds \| 5.5 Baths \| 5752 Sq. Ft.	—

Address	Redfin Estimate
200 Wallace Road, Lake Forest, IL 4 Beds \| 5 Baths \| 6053 Sq. Ft.	$2,227,014
185 Wallace Road, Lake Forest, IL 4 Beds \| 5 Baths \| 6712 Sq. Ft.	$2,178,591

Address	Redfin Estimate
230 Wallace Road, Lake Forest, IL 5 Beds \| 7 Baths \| 7832 Sq. Ft.	$2,910,174
260 Wallace Road, Lake Forest, IL 5 Beds \| 5.5 Baths \| 6273 Sq. Ft.	$2,077,015

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 60045, IL

Sale history for 331 Wallace Rd

Tax history for 331 Wallace Rd

Permits

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60045

Home values near 331 Wallace Rd

More real estate resources