$585,000
SOLD APR 30, 2025

5-115 Chadbourne Dr Lanark, IL 61046

4 Beds
2 Baths
1,953 Sq Ft
0.32 Acres

Recently Sold

$300 Per Sq Ft

2% Below List Price

142 Days on Market

Highlights

  • Docks
  • Boat Lift
  • Lake View
  • Eastland Elementary School Rated A-
  • Gated Community
  • Waterfront

About This Home

As of April 2025

Welcome to your dream waterfront log home! Nestled along an open and roomy shoreline, this property offers incredible lake views and a beautiful beach area. With log details throughout, this home is the perfect blend of rustic charm and modern convenience. Ample parking for many visitors. Upper garage area, parking pad at street and lower garage also. Here’s what this amazing property has to offer: Main Floor: Open floor plan seamlessly combines a remodeled kitchen with a dining area, making it perfect for gatherings and entertaining. The great room features vaulted wood ceilings, a cozy wood-burning fireplace, and impressive lake views. Three spacious bedrooms, each with ample closet space, provide a relaxing retreat. A remodeled main-level bathroom adds modern comfort and style. Lower Level: A welcoming family room with direct walk-out access to the lake, plus space for games and activities for the kids and plenty of storage also. A large bedroom with fantastic lake views, perfect for guests or family members and a fully remodeled bathroom for added convenience. A bright, cheerful laundry room with plenty of space makes doing the wash easy. Garage Space: Two-car garage on the main level, plus an additional two-car garage space on the lower level, perfect for all your extra lake accessories. It even has a built in workbench perfect for a nice woodshop. Each garage has it's own driveway. Upper garage has nice easy in and out to garage. Lower garage has a paved driveway to garage and to house. Outdoors: Beautifully landscaped grounds with perennials from the garage to the lake, keeping maintenance to a minimum. Outdoor decking is maintenance free! Enjoy your private beach with firepit and a path created specifically for ATVs, making lake access a breeze. Sellers are leaving much of the furniture, kitchen essentials, 2-seat 4WD utility vehicle and a floating pier! You will be well-equipped to enjoy lake life immediately. This log home offers everything you need for a relaxing, fun-filled lakefront lifestyle. Property has a shared well. Call today for a showing and get ready to make memories next summer!

Last Agent to Sell the Property

Cynthia Griffin

Fawn Ridge Real Estate Co. License #475129416 Listed on: 03/01/2025

Last Buyer's Agent

NON-NWIAR Member

NorthWest Illinois Alliance of REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,192

Year Built

  • Built in 1974

Lot Details

  • 0.32 Acre Lot
  • Waterfront
  • Wooded Lot

HOA Fees

  • $224 Monthly HOA Fees

Home Design

  • Log Cabin
  • Shingle Roof
  • Log Siding

Interior Spaces

  • Wood Ceilings
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Window Treatments
  • Great Room
  • Lake Views

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Parking

  • 2 Car Garage
  • Tuck Under Parking
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Boat Lift
  • Docks
  • Deck
  • Fire Pit
  • Storage Shed

Schools

  • Eastland Elementary And Middle School
  • Eastland High School

Utilities

  • Heating Available
  • Shared Water Source
  • Gas Water Heater
  • Fuel Tank
  • Septic System

Community Details

Overview

  • Association fees include pool access, water access, clubhouse

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,192

Year Built

Built in 1974

Lot Details

0

HOA Fees

$224 per month

Listing Details

  • Interior Amenities: Ceiling Fan(s), Ceiling-Vaults/Cathedral, Ceiling-Wood Decorative, Countertop-Solid Surface, Window Treatments
  • Road Frontage: Hard Surface Road
  • Type: Gated Community, Water Front Lot, Water View Lot, Wooded, Lake View, Panorama
  • Electric: Circuit Breaker
  • Additional Room 5: GREAT ROOM, Dimensions: 18x17, On Level: Main
  • Additional Room 6: KCH/DR, Dimensions: 19x10, On Level: Main
  • Additional Room 7: LAUNDRY, Dimensions: 13x10, On Level: Walk Out
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer, LP Gas Tank
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1053
  • Estimated Below Grade Finished Sq Ft: 900
  • Fee Includes: Pool Access, Water Access, Clubhouse
  • General Features: Basement Entrance, Deck, Full Exposure, Great Room, L.L. Finished Space, Main Floor Primary, Skylight(s), Boat Dock, Boat Lift, Deck-Leveled, Fire-Pit/Fireplace, Laundry Basement, Storage Shed
  • Hoa Fee Frequency: Yearly
  • Legal Description: 30 FRD HC115 LOT 115 HEATHCLIFF SEC 5 LAKE CARROLL 04-003-115-00
  • Lot Acreage: 0.32
  • Lvt Date: 11/11/2024
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Stove Range Fuel: Electric
  • Style: Log Home
  • Type: House
  • Agent Only_ L A1 User Code: F_542
  • Egress: Yes
  • Elementary School: Eastland
  • Estimated Total Finished Sq Ft: 1953
  • Garage Type Driveway: Asphalt, Detached, Garage Remote/Opener, Under
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Welcome to your dream waterfront log home! Nestled along an open and roomy shoreline, this property offers incredible lake views and a beautiful beach area. With log details throughout, this home is the perfect blend of rustic charm and modern convenience. Ample parking for many visitors. Upper garage area, parking pad at street and lower garage also. Here’s what this amazing property has to offer: Main Floor: Open floor plan seamlessly combines a remodeled kitchen with a dining area, making it perfect for gatherings and entertaining. The great room features vaulted wood ceilings, a cozy wood-burning fireplace, and impressive lake views. Three spacious bedrooms, each with ample closet space, provide a relaxing retreat. A remodeled main-level bathroom adds modern comfort and style. Lower Level: A welcoming family room with direct walk-out access to the lake, plus space for games and activities for the kids and plenty of storage also. A large bedroom with fantastic lake views, perfect for guests or family members and a fully remodeled bathroom for added convenience. A bright, cheerful laundry room with plenty of space makes doing the wash easy. Garage Space: Two-car garage on the main level, plus an additional two-car garage space on the lower level, perfect for all your extra lake accessories. It even has a built in workbench perfect for a nice woodshop. Each garage has it's own driveway. Upper garage has nice easy in and out to garage. Lower garage has a paved driveway to garage and to house. Outdoors: Beautifully landscaped grounds with perennials from the garage to the lake, keeping maintenance to a minimum. Outdoor decking is maintenance free! Enjoy your private beach with firepit and a path created specifically for ATVs, making lake access a breeze. Sellers are leaving much of the furniture, kitchen essentials, 2-seat 4WD utility vehicle and a floating pier! You will be well-equipped to enjoy lake life immediately. This log home offers everything you need for a relaxing, fun-filled lakefront lifestyle. Property has a shared well. Call today for a showing and get ready to make memories next summer!
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 1053
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Basement Type: Full
  • Master Bedroom: Dimensions: 12x10, On Level: Main
  • Fireplace Type: Wood
  • Basement: Basement Entrance, Full Exposure, Finished
  • Bedroom 2: Dimensions: 12x9, On Level: Main
  • Bedroom 3: Dimensions: 11.4x10, On Level: Main
  • Bedroom 4: Dimensions: 13.7x12.2, On Level: Walk Out
  • Dining Room: No
  • Family Room: Yes, On Level: Walk Out, Dimensions: 25x25
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Living Room: No
  • Number Of Fireplaces: 1
  • Recreation Room: No
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Log
  • Roof: Shingle

Garage/Parking

  • Garage: 2

Utilities

  • Heating: Electric
  • Sewer: Septic
  • Water: Shared
  • Water Heater: LP Gas

Condo/Co-op/Association

  • HOA Fees: 2685

Building Info

  • Year Built: 1974

Tax Info

  • Year: 2023
  • Taxes: 7192

MLS Schools

  • HighSchool: Eastland
  • School District: Eastland
  • Middle School: Eastland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2025
Closed on
Apr 18, 2025
Sold by
Gorrell Todd A and Gorrell Marcy E
Bought by
Fulgenzi John
Seller's Agent
Cynthia Griffin
Fawn Ridge Real Estate Co.
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$599,000
Sold Price
$585,000
Premium/Discount to List
-$14,000
-2.34%
Views
16
Current Estimated Value
$504,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,430
Avg. Annual Appreciation
-21.22%
Original Mortgage
$468,000
Outstanding Balance
$462,168
Interest Rate
0.72%
Mortgage Type
New Conventional
Estimated Equity
$42,402

Purchase Details

Closed on
Mar 16, 2004
Bought by
Gorrell Todd A and Gorrell Marcy E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $585,000 Security First Title
Grant Deed $285,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2025 04/30/25 Sold $585,000 -2.3% $300 / Sq Ft
03/29/2025 03/29/25 Pending -- -- --
11/07/2024 11/07/24 For Sale $599,000 -- $307 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

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 $8,014 $153,489 $65,810 $87,679
2023 $8,014 $126,166 $58,361 $67,805
2022 $6,474 $109,948 $50,859 $59,089
2021 $6,073 $97,299 $45,008 $52,291
2020 $5,810 $94,465 $43,697 $50,768
2019 $6,314 $99,841 $55,649 $44,192
2018 $5,836 $89,947 $50,134 $39,813
2017 $5,849 $89,947 $50,134 $39,813
2016 $5,863 $89,947 $50,134 $39,813
2015 $6,148 $94,736 $52,774 $41,962
2014 $5,949 $85,354 $47,548 $37,806
2013 $5,949 $76,209 $42,454 $33,755
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202500894

NorthWest Illinois Alliance of REALTORS®

APN: 04-04-14-205-115