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Backup Offers

1037 Island Ln, Galesburg, IL, 61401

$129,900

Home List Price

$1,543*

Closing Credit

2 Bedrooms
1 Full Bath
1,217 SqFt
$107/SqFt
House

Location

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1037 Island Ln, Galesburg$129,900

Buyer Closing Credits

$1,543*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingGravel
Year Built1924
HeatingNatural Gas, Forced Air, Other
BasementYes
MLS #CA1029930
StatusAccepting Backup Offers
(Pending Continue to Show)

About 1037 Island Ln

Enjoy this Lake Front Retreat with Your Adorable Lake Cottage Offering the Perfect Year-round, Weekend or, Holiday Getaway. Five room lake home offers gathering room featuring built-in storage, and views that allow lakeside right to your chair side. Dining area open to living room offers glass slider to deck providing panoramic lake views. Kitchen features appliances, widow seat, counter/cabinet space and just enough room for preparing breakfast, picnic lunches, or boat snacks. Main level amenities also include a full bathroom. Walk-out lower level also accessible by spiral staircase from living room includes bedroom, plus another room which could be utilized as a second bedroom, plus mechanical room ideal storage for extra fishing gear, boat paddles, lawn chairs, etc… Low maintenance Cedar exterior will allow more time for you to enjoy the surrounding amenities. Lake front balcony deck is specifically designed for outdoor enjoyment, and lake views, and back patio area grants the perfect picnic or outdoor entertaining spot. Your private dock offers boat parking, convenient fishing spot, or the perfect place for a quick dip in the water. Make this beautiful year round lake front/golfing retreat yours that is just minutes from Lake Bracken club house dining, golfing, tennis/pickle ball, park, pool, hiking trails, enjoying spectacular lake views, and the peace and quiet lake living has to offer. Lake Bracken Membership is a Requirement. Call today and take a look!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1924
  • Living Area: 1,217 SqFt

Listing Office:

  • Office Name: RE/MAX Preferred Properties
  • Office Phone: (309) 344-5444
  • Listing Agent: Thomas Knapp

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator, Water Softener
  • Basement: Yes
  • Interior: Cable Available, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio

Parking Information:

  • Parking: Gravel

Lot Features

Lot Information:

  • Lot: Views, Sloped, Waterfront

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Other

School Info

Assigned Schools Information:

  • Galesburg High School, Public District Grades 9-12
  • Lombard Jr High School, Public District Grades 6-8
  • King School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Take S. Farnham Street south from Galesburg (Knox Road 500 E) to Lake Bracken. Continue south on Oakwood Drive and then turn right on Island Lane and proceed to 1037 on the east side of the road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $129,900
  • Price Per SqFt: $107/SqFt

Tax Information:

  • Annual Amount: $773
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Galesburg, IL.

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Galesburg, IL

City

Med. Sold Price

$98.4K

Med. Price/SqFt

$76

Avg. Days On Market

34

# of Sold Homes

33

1037 Island Ln vs Galesburg

137 DAYS ON ROCKET

+103 Days

$129,900

+$31.4K More

$107/SqFt

+$30 More

KEY TAKEAWAY

This property is $31.4K more than the Median Sold Price and $30/SqFt more than other homes in Galesburg, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #CA1029930

Listing Office:

  • Office Name: RE/MAX Preferred Properties
  • Office Phone: (309) 344-5444
  • Listing Agent: Thomas Knapp

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$773$16,080
2019$767$15,920
2018$726$15,460
2017$709$15,150

History based on county public records data.

Payment Calculator

$716

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$456

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2106115
3
/10

  • King School

  • 1018 S Farnham St

  • 4.81 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2106116
4
/10

  • Lombard Jr High School

  • 1220 E Knox St

  • 5.21 miles

  • Public District Grades 6-8

High School

school-card-donut-2106117
2
/10

  • Galesburg High School

  • 1135 W Fremont St

  • 7.16 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,039. Residents of Galesburg, IL typically earn between $35k-100k each year. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1037 Island Ln

What is the listing price of this property?

The listing price of 1037 Island Ln property is $129,900.

What type of property is this?

The property 1037 Island Ln is a house located in Galesburg, Illinois, 61401.

Is this property for sale now?

Accepting Backup Offers: 1037 Island Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1037 Island Ln are:
King School: GreatSchools Rating 3/10
Lombard Jr High School: GreatSchools Rating 4/10
Galesburg High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $773 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1037 Island Ln has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1037 Island Ln is 1,217 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1037 Island Ln is 1924.

Rocket Homes›Illinois›Knox County›Galesburg›61401›1037 Island Ln

This home is located at 1037 Island Ln in Galesburg, IL and zip code 61401. This 1,217 square foot home was built in 1924. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 20, 2024 and is currently priced at $129,900.

In October 2024 more than 6 listings in Galesburg, IL were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 19 were sold below. The number of homes for sale in Galesburg, IL increased by 6.9% between September 2024 and October 2024. The median list price of listings available in October 2024 was $98,427, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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