331 Wallace Rd, Lake Forest, IL 60045 Property Records

Lake County property record for 331 Wallace Rd, Lake Forest, IL 60045

Property Summary

Property Type	Single Family Home
Details	4 bd · 5.5 ba · 6,071 sqft · built 2002
Lot Size	1.35 acres (58,806 sqft)
Owner	Company Name on Record
Last Sale	$1,000,000 (Oct 2003)
Tax Bill	$33,706 (2024)
Deeds & Mortgages	Nov 2021 Transfer Nov 2021 Transfer + 1 more
Flood Zone	Zone X (minimal risk)
APN	`16-06-203-011`

Property Details

APN / Parcel Number

Primary APN	`16-06-203-011`

Interior

Bedrooms	4 Beds
Full Baths	5.5 Baths
Half Baths	1 Half Bath
Plumbing Fixtures	18 Plumbing Fixtures
Stories	1 Story
Building Area	6,071 sqft Living Area
Gross Area	10,643 sqft
1st Floor Area	3,549 sqft
2nd Floor Area	2,522 sqft
Upper Floors Area	2,977 sqft
Basement Area	3,549 sqft
Game Room	Game Room
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2002
Effective Year Built	Effective 2002
Architectural Style	Conventional
Exterior Material	Brick
Construction Type	Frame
Roof Material	Wood Shingle
Lot Area	58,806 sqft (1.35 acres)
Garage Type	Attached
Garage Area	1,023 sqft
Parking Spaces	4 Parking Spaces
Porch	Open Porch
Porch Area	481 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Street Address	331 WALLACE RD
City	LAKE FOREST
State	IL
Zip	60045-4912
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	NORTH CARROLL MEADOW SUB; LOT 14
Legal Subdivision	NORTH CARROLL MEADOW SUB
Legal Lot Number	14
Jurisdiction	LAKE IL
Township / Civil Division	WEST DEERFIELD
Census Block Group	2
Census Block	2000
Census Tract	864601

Owner

Source: Lake County records, as of April 29, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	331 WALLACE RD, LAKE FOREST, IL 60045-4912
Occupancy	Owner Occupied
Owner Type	Company
Vesting	Trust

Deeds, Mortgages & Sale History

Date	Document
Nov 17, 2021	Intrafamily Transfer, Transfer ATTORNEY
Nov 17, 2021	Intrafamily Transfer, Transfer ATTORNEY
Nov 17, 2021	Intrafamily Transfer, Transfer ATTORNEY ONLY, ATTORNEY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 30, 2003 · Amount on Record
Deed Sale	Oct 30, 2003 · Amount on Record
Prior Sale	Sep 9, 1996 · Amount on Record
Deed Document Number	20035418913
Last Transfer Date	Aug 2, 2021
Transfer Doc	0007845256
Record Updated	Oct 29, 2026

November 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	LAKE IL
Recording Date	Nov 17, 2021
Property Address	331 WALLACE RD, LAKE FOREST, IL 60045-4912
Document Number	0007845257
Map Reference	DOC 3677117
Instrument Date	Aug 2, 2021
Instrument	7845257
Transaction Type	Transfer
Record Updated	Jun 7, 2023
Title Company	ATTORNEY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Family Trust
Address	331 WALLACE RD, LAKE FOREST, IL 60045-4912

November 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	LAKE IL
Recording Date	Nov 17, 2021
Property Address	331 WALLACE RD, LAKE FOREST, IL 60045-4912
Document Number	0007845256
Map Reference	DOC 3677117
Instrument Date	Aug 2, 2021
Instrument	7845256
Transaction Type	Transfer
Record Updated	Jun 7, 2023
Title Company	ATTORNEY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	331 WALLACE RD, LAKE FOREST, IL 60045-4912

November 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	LAKE IL
Recording Date	Nov 17, 2021
Property Address	331 WALLACE RD, LAKE FOREST, IL 60045-4912
Document Number	0007845255
Map Reference	DOC 3677117
Instrument Date	Jul 1, 2021
Instrument	7845255
Transaction Type	Transfer
Record Updated	Dec 1, 2021
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants in Common
Address	331 WALLACE RD, LAKE FOREST, IL 60045-4912

Tax Assessment & Valuation

Source: Lake County assessment roll, as of April 29, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Lake County
County Subdivision	West Deerfield Township
Municipality	Lake Forest City
Elementary School District	Lake Forest School District 67 (PK - 08)
Secondary School District	Lake Forest Community High School District 115 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$644,744 (+16.89%) Land $196,844 Building $447,900	$1,934,425 (+16.89%) Land $590,591 Building $1,343,834
2024	$33,706.00 (-3.27%)
2023	$34,845.00 (+5.76%)	$551,580 (-5.98%) Land $168,401 Building $383,179	$1,654,906 (-5.98%) Land $505,254 Building $1,149,652
2022	$32,947.00	$586,683 Land $177,364 Building $409,319	$1,760,225 Land $532,145 Building $1,228,080

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective February 20, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 10 policies
Community Rating System	Class 7 (15% premium discount)
Nearby Flood Policies	10 in force
Nearby Flood Claims	2 (1979–2010)
Claims Outside the SFHA	1 of 2
Most Recent Claim	May 2010 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · above 71% of Illinois
Wildfire Likelihood	0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	LAKE FOREST serves 19,642 people · EPA ID IL0970800
Water Source	Surface water
Last State Inspection	Oct 2025
Lead	21 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 72 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
T-Mobile Fixed Wireless	100 / 20

May also be available: AT&T.

Nearby Properties on Wallace Rd

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures