$1,500,000

409 N State St Franklin Grove, IL 61031

Estimated payment $10,120/month

9 Beds
9 Baths
14,000 Sq Ft
$107 Price per Sq Ft

Highlights

  • Guest House
  • Recreation Room
  • 3 Fireplaces
  • Deck
  • Wood Flooring
  • Sitting Room

About This Home

Welcome to Lincoln Way Stay, this property is a completely private, all-inclusive accommodation designed to make you feel transported to a world of luxury. Following eight and half fabulous years of welcoming countless guests, brides and grooms, and gatherings of all shapes and sizes, the property is presently utilized as a short-term guest lodging. The main house spans 10,000 square feet across four floors and includes six bedrooms. Each floor is equipped with its own HVAC system. The main floor features a welcoming foyer, a spacious living room, an elegant dining room, a dining porch, modern kitchen featuring high-capacity commercial appliances, perfect for preparing and serving meals for large groups, and a powder room. On the second floor, you'll find three bedrooms with private bathrooms, including a master suite with French doors opening to a small deck. This floor also houses a laundry room with two washers and dryers, sink, and storage space. The third floor offers two bedrooms with a shared living room and bathroom, each bedroom featuring its own vanity. The stone cellar is a standout, with a bathroom, shower, custom-built Finlandia sauna, bedroom, studio kitchen, living room, workout room, storage, and a tornado bunker with an escape window. The property also includes an original barn used for lawn storage with two garage doors and a historic well house, both dating back to the late 1800s. The carriage house, approximately 2,300 square feet, features a second-story retreat with a full kitchen, living room, laundry room, powder room, and a king suite that includes an en suite bathroom with a shower and jacuzzi tub. French doors open to a private deck from both the suite and the main area, with five-car parking below. The 3,200 square foot cottage offers a full kitchen and dining room with an open floor plan, leading to a small foyer and full bathroom. The second floor includes a master king bedroom with a catwalk leading to an open-air office and sitting room. The lower level comprises a living room, laundry, bathroom with shower, bedroom, and a cement tornado bunker with garden-style windows for emergency exits. The property's enchanting outdoor features include a fireside pagoda, water garden, and yoga lawn, surrounded by native plants and tropicals in warm months, apple trees, and herbs. Relax by the fountain, flowing creek, and koi fish waterfall beside the yoga lawn, and discover cozy spots to rest and renew in this quiet Midwestern community. With over $3 million in renovations, this is truly a one of a kind offering.

Listing Agent

Linda Feinstein

Compass License #471004664 Listed on: 10/18/2025

Compass

Co-Listing Agent

Rebecca Hazzard

RE/MAX of Rock Valley License #471019445

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,296

Year Built

  • Built in 1911

Lot Details

  • 1.66 Acre Lot
  • Lot Dimensions are 188x211x341x403
  • Irregular Lot

Parking

  • 5 Car Garage
  • Parking Included in Price

Interior Spaces

  • 14,000 Sq Ft Home
  • 2-Story Property
  • 3 Fireplaces
  • Family Room
  • Sitting Room
  • Living Room
  • Dining Room
  • Recreation Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 9 Full Bathrooms
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Fire Pit
  • Gazebo
  • Shed

Additional Homes

  • Guest House

Schools

  • Afc Elementary School
  • Afc Middle School
  • Afc High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,296

Year Built

Built in 1911

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1911
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Finished, Full
  • Full Bathrooms: 9
  • Total Bathrooms: 9
  • Total Bedrooms: 9
  • Fireplaces: 3
  • Flooring: Hardwood
  • Interior Amenities: In-Law Floorplan
  • LivingArea: 14000
  • Room Type: Recreation Room, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Sitting Room
  • Estimated Total Finished Sq Ft: 14000
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 14000

Exterior Features

  • Construction Materials: Frame
  • ExteriorFeatures: Fire Pit
  • Lot Features: Irregular Lot
  • OtherStructures: Gazebo, Guest House, Shed(s)
  • Patio And Porch Features: Deck, Patio
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 5
  • Parking Features: On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 5

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Heating: Natural Gas, Forced Air, Zoned
  • Laundry Features: Upper Level
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Afc Elementary School
  • High School: Afc High School
  • Middle/Junior School: Afc Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.66
  • Lot Dimensions: 188x211x341x403
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: U

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 26296
  • Tax Year: 2024
  • Tax Exemptions: Homeowner

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $26,296 $328,764 $13,705 $315,059
2023 $23,392 $285,881 $11,917 $273,964
2022 $22,041 $262,276 $10,933 $251,343
2021 $27,123 $319,417 $10,471 $308,946
2020 $26,660 $310,114 $10,166 $299,948
2019 $24,163 $301,082 $9,870 $291,212
2018 $21,940 $281,932 $9,400 $272,532
2017 $21,975 $281,932 $9,400 $272,532
2016 $22,076 $281,932 $9,400 $272,532
2015 $12,916 $149,208 $9,831 $139,377
2014 $5,907 $66,457 $9,831 $56,626
2013 $589 $75,356 $6,414 $68,942
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2025 10/18/25 For Sale $1,500,000 +488.2% $107 / Sq Ft
12/17/2013 12/17/13 Sold $255,000 +34.3% $92 / Sq Ft View Prior Sale
09/04/2013 09/04/13 Pending -- -- --
05/06/2013 05/06/13 For Sale $189,900 -- $69 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $750,000 Dw
Deed $127,500 --
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12496551

Midwest Real Estate Data (MRED)

APN: 06-03-35-400-023