PENDING
$11K PRICE DROP
132 Fossil Lake Rd Wilmington, IL 60481
Estimated payment $1,978/month
Total Views
26,940
3
Beds
1.5
Baths
925
Sq Ft
$291
Price per Sq Ft
Highlights
- Lake Front
- Home fronts a pond
- Lake Privileges
- Boat Dock
- Gated Community
- Mature Trees
About This Home
Looking for that secluded home on the water? How about 3 Bedrooms? How about beautiful cathedral ceilings lined with pine slats for that cabin in the mountains feel? This stick built home, on two lots, is nestled on a cove that opens up to a larger lake. This is definatley the place to "Live a life you do not need a vacation from!" Living room is open with a great wall of windows overlooking the back yard oasis. Newer vinyl floors for easy maintenance. Skylights and wooden casings, and window boxes give this room the ultimate retreat feel. Cozy kitchen with all appliances staying. Corian counters throughout. Second bedroom is a bunk room with built in bunkbed and storage. Third bedroom is upstairs with raised ceilings and half bath. Also with the beautiful wooden window frame and window boxes. A unique pully system has been installed to help with bringing items upstairs! Master bedroom also has a wall of windows overlooking the cove. Bathroom is open and shower is wrapped in Corian. Now to the main attraction. Your multi tier deck leads to the hidden cove in which you can swim, boat, fish from the boat dock, or just relax and enjoy the nature around you. Property has multi tiered, landscaped hill, giving you plenty of areas to decorate, enjoy a campfire, or use for entertaining. Second lot has a workshop/ shed, complete with electricity. Items to mention: Shingles in 2020, Stackable Washer Dryer Unit, Furnace / AC unit is 2018, On Demand Hot Water (Instant) 2019, Double shed, Property sits on a concrete crawl space with entrance in the bunk room. Kayak on living room wall is not staying. Rooms are estimated sizes. This is a private, gated community. We have miles of fresh water channels, lakes, and marshes all interconnecting. This is the place to fish, swim, or boat, where it can reach 42 feet deep in some areas. (BIG FISH POSSIBILITIES!) Wildlife is abundant as well. This association includes a club house, community pool, a separate sand beach, pavilion, dog park, volleyball and basketball area (other games as well). They offer plenty of family and group activities. Other important notes: Close to I55 & only 60 Mins. from Chicago. Only Electric Boats & Golf Carts allowed. Association Dues are on a tiered basis and depend on the time you spend at the property- . Dues include water, sewer and garbage. Buyer / Buyer's agent to call Shadow Lakes to verify all rules / info. Lot size, room size and square footage are estimated.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,927
Year Built
- Built in 1998
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 100x98x52x72x138
- Home fronts a pond
- Property fronts a channel
- Lake Front
- Paved or Partially Paved Lot
- Irregular Lot
- Mature Trees
- Wooded Lot
- Additional Parcels
HOA Fees
- $259 Monthly HOA Fees
Interior Spaces
- 925 Sq Ft Home
- 1.5-Story Property
- Built-In Features
- Ceiling Fan
- Skylights
- Family Room
- Living Room
- Dining Room
- Water Views
- Carbon Monoxide Detectors
Kitchen
- Range
- Microwave
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 4 Parking Spaces
- Parking Included in Price
Outdoor Features
- Tideland Water Rights
- Docks
- Lake Privileges
- Deck
- Shed
Location
- Property is near a park
Utilities
- Central Air
- Heating System Uses Propane
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, security, clubhouse, pool, scavenger, lake rights
- Shadow Lakes Association, Phone Number (815) 458-3647
- Shadow Lakes Subdivision
- Property managed by Shadow Lakes
- Community Lake
Recreation
- Boat Dock
- Community Pool
Additional Features
- Clubhouse
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $2,015 | $41,125 | $12,791 | $28,334 |
| 2022 | $1,827 | $37,318 | $11,607 | $25,711 |
| 2021 | $1,384 | $35,619 | $11,079 | $24,540 |
| 2020 | $1,380 | $33,746 | $10,496 | $23,250 |
| 2019 | $1,385 | $31,866 | $9,911 | $21,955 |
| 2018 | $1,396 | $30,494 | $9,484 | $21,010 |
| 2017 | $1,357 | $29,896 | $9,298 | $20,598 |
| 2016 | $2,093 | $28,913 | $8,992 | $19,921 |
| 2015 | $2,023 | $28,167 | $8,760 | $19,407 |
| 2014 | $2,023 | $28,167 | $8,760 | $19,407 |
| 2013 | $2,023 | $30,125 | $9,369 | $20,756 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | Pending | -- | -- | -- |
| 07/07/2025 07/07/25 | Price Changed | $269,500 | -0.1% | $291 / Sq Ft |
| 07/03/2025 07/03/25 | Price Changed | $269,900 | -3.6% | $292 / Sq Ft |
| 05/14/2025 05/14/25 | Price Changed | $280,000 | 0.0% | $303 / Sq Ft |
| 05/14/2025 05/14/25 | For Sale | $280,000 | -- | $303 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Joint Tenancy Deed | $42,500 | -- |
Source: Public Records
Similar Homes in Wilmington, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12363257
APN: 02-24-04-156-025
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