501 Butler Dr
Lake Forest, IL 60045
5 bd 5 ba 4,500 sqft Built 1975 Lot 60,113 sqft single_family
Most recent sale
$1,800,000
Jul 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 15, 2022 | Sold | $1,800,000 | MLS #11381235 |
| Apr 22, 2022 | Listed | $1,800,000 | MLS #11381235 |
| Mar 3, 2016 | Sold | $1,350,000 | MLS #09119367 |
| Jan 19, 2016 | Listed | $1,499,000 | MLS #09119367 |
| Dec 19, 2015 | Listing removed | $1,499,000 | MRED |
| Oct 27, 2015 | Listed | $1,499,000 | MLS #09072948 |
| Sep 30, 2015 | Listing removed | $1,499,000 | MRED |
| Jun 22, 2015 | Price changed | $1,499,000 | MLS #08896416 |
| Apr 20, 2015 | Listed | $1,599,000 | MLS #08896416 |
| Feb 1, 1990 | Sold | $695,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $447,749 | $213,866 | $661,615 | $37,093 |
| 2023 | $427,078 | $203,993 | $631,071 | $33,677 |
| 2022 | $297,576 | $181,306 | $478,882 | $28,432 |
| 2021 | $286,903 | $174,803 | $461,706 | $26,885 |
| 2020 | $287,507 | $175,171 | $462,678 | $26,188 |
| 2019 | $287,019 | $174,874 | $461,893 | $25,309 |
| 2018 | $283,901 | $185,352 | $469,253 | $24,465 |
| 2017 | $282,995 | $184,761 | $467,756 | $23,985 |
| 2016 | $272,294 | $177,774 | $450,068 | $21,948 |
| 2015 | $255,843 | $167,034 | $422,877 | $21,572 |
| 2014 | $255,843 | $167,034 | $422,877 | $24,508 |
| 2013 | $300,806 | $168,229 | $469,035 | $23,807 |
| 2012 | $278,692 | $170,496 | $449,188 | $22,958 |
| 2011 | $273,446 | $178,904 | $452,350 | $21,127 |
| 2010 | $307,361 | $196,463 | $503,824 | $21,715 |
| 2009 | $325,663 | $208,162 | $533,825 | $21,049 |
| 2008 | $333,159 | $212,953 | $546,112 | $20,727 |
| 2007 | $325,321 | $207,172 | $532,493 | $19,722 |
| 2006 | $200,497 | $198,668 | $399,165 | $14,966 |
Property facts
Year built
1975
Property type
single_family
Stories
2
Beds
5
Baths
5
Living area
4,500 sqft
Lot size
60,113 sqft
ZIP code
60045
City
Lake Forest
Street
Butler Dr
Coordinates
42.23091, -87.84284
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$8,100
Gross rental yield
5.40%
Implied cap rate
3.51%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Butler Dr last sell?
501 Butler Dr most recently sold on Jul 15, 2022 for $1,800,000.
What is the current tax assessment for 501 Butler Dr?
The most recent total assessment for 501 Butler Dr (year 2024) is $661,615 with $37,093 in property tax.
How does 501 Butler Dr's assessment compare to its last sale price?
The current assessment is 63.2% below the last sale price of $1,800,000.
When was 501 Butler Dr built?
501 Butler Dr was built in 1975.
How does 501 Butler Dr compare to others on Butler Dr?
We track 5 other properties on Butler Dr. Browse the list under "Other properties on Butler Dr" to compare beds, baths, and sale history.
What are the property facts for 501 Butler Dr?
501 Butler Dr is a 5 bed, 5 bath, 4,500 sqft, 60,113 sqft lot single_family.
Is 501 Butler Dr a flip candidate?
No — 501 Butler Dr does not appear in our flips dataset.
Is 501 Butler Dr a tax-appeal candidate?
No — 501 Butler Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.3%
Implied 1-yr
-1.1%
2026 Q3
$1.19M
2026 Q4
$1.19M
ZIP 60045 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Butler Dr