409 N State St Franklin Grove, IL 61031
Estimated payment $10,058/month
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, but could also be perfect as private residences (multi-generational or divided lots). 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 primary suite with a gas fireplace. 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 and one bedroom opening to a small deck. 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 primary 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.
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
- 15,000 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
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 | $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 |
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% | $100 / 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $750,000 | Dw | |
| Deed | $127,500 | -- | |
| Interfamily Deed Transfer | -- | None Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12496551
APN: 06-03-35-400-023
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