1581 Deer Path Ln Franklin Grove, IL 61031
Estimated payment $5,380/month
Highlights
- Hot Property
- In Ground Pool
- 7.5 Acre Lot
- Second Kitchen
- Second Garage
- Deck
About This Home
Welcome to your private retreat on over 7 wooded acres! This spacious 5-bedroom, 3.5-bath home offers exceptional living space with a main floor master suite featuring a walk-in closet, double sinks, soaking tub, and separate shower, plus main floor laundry for convenience. The kitchen showcases custom cabinetry, granite countertops, and an eat-in area, along with a formal dining room with built-ins. A cozy gas fireplace anchors the main living room, and a full-length composite deck overlooks the serene woods and 20x40 inground pool with diving board. Upstairs you'll find another living space and two additional bedrooms. The full finished walkout basement is an entertainer's dream-featuring heated flooring, a full kitchen, wet bar with kegerator, refrigerator, and stove included, stone fireplace, and large rec room with a pool table that stays. The basement also offers a fully furnished workout room with equipment included, plus direct access to the patio and pool. Outside, enjoy a 3-car attached garage, a 24x32 heated and finished outbuilding, plus a 42x72 outbuilding with concrete floors and 12-foot doors-perfect for storage, hobbies, or business needs. This property combines luxury, comfort, and functionality in a gorgeous natural setting.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,476
Year Built
- Built in 1998
Lot Details
- 7.5 Acre Lot
- Lot Dimensions are 480x680
- Wooded Lot
Parking
- 5 Car Garage
- Second Garage
- Circular Driveway
- Off-Street Parking
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,586 Sq Ft Home
- 1.5-Story Property
- Bar
- Skylights
- Gas Log Fireplace
- Window Screens
- Entrance Foyer
- Family Room with Fireplace
- 2 Fireplaces
- Family Room Downstairs
- Living Room with Fireplace
- Sitting Room
- Formal Dining Room
- Home Office
- Lower Floor Utility Room
- Storage Room
- Home Gym
- Second Kitchen
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
- Dual Sinks
- Soaking Tub
- Garden Bath
- Separate Shower
Laundry
- Laundry Room
- Sink Near Laundry
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Outdoor Features
- In Ground Pool
- Deck
- Patio
- Outbuilding
Utilities
- Forced Air Heating and Cooling System
- Two Heating Systems
- Radiant Heating System
- Heating System Uses Propane
- 200+ Amp Service
- Well
- Septic Tank
Listing and Financial Details
- Homeowner Tax Exemptions
Map
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 |
|---|---|---|---|---|
| 2024 | $13,476 | $188,025 | $33,222 | $154,803 |
| 2023 | $11,873 | $163,500 | $28,889 | $134,611 |
| 2022 | $11,165 | $150,000 | $26,504 | $123,496 |
| 2021 | $10,775 | $143,280 | $14,816 | $128,464 |
| 2020 | $9,934 | $139,106 | $14,384 | $124,722 |
| 2019 | $9,839 | $135,054 | $13,965 | $121,089 |
| 2018 | $9,087 | $128,623 | $13,300 | $115,323 |
| 2017 | $8,066 | $115,392 | $12,873 | $102,519 |
| 2016 | $8,115 | $107,932 | $12,873 | $95,059 |
| 2015 | $8,684 | $107,932 | $12,873 | $95,059 |
| 2014 | $8,231 | $107,932 | $12,873 | $95,059 |
| 2013 | $1,014 | $135,523 | $12,896 | $122,627 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | For Sale | $799,000 | +85.8% | $143 / Sq Ft |
| 06/19/2020 06/19/20 | Sold | $430,000 | -3.6% | $122 / Sq Ft |
| 04/12/2020 04/12/20 | Pending | -- | -- | -- |
| 03/30/2020 03/30/20 | For Sale | $446,000 | -- | $126 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $430,000 | None Available | |
| Warranty Deed | -- | -- | |
| Deed | $340,000 | -- | |
| Warranty Deed | -- | -- | |
| Sheriffs Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $344,000 | New Conventional | |
| Previous Owner | $85,800 | New Conventional | |
| Previous Owner | $250,000 | New Conventional | |
| Previous Owner | $100,000 | Commercial | |
| Previous Owner | $270,000 | New Conventional | |
| Previous Owner | $177,000 | Credit Line Revolving |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12457670
APN: 06-03-34-400-016
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