For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Putnam
38 Lake Shore Drive
$395,000
● House - Off Market

38 Lake Shore Drive

Putnam, IL 61560
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,454 Ft²
$392,787
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

This house has it all, many upgrades, you have to see it. House 3 bedroom waterfront with new 20X20 dock w/ steel posts,new electric lift on 150 feet steel sea wall. 2 lakefront lots 159 & 160. Adjacent lot has a gravel road to flat lakefront. New 3 car garage w concrete  block surround 3 side, drainage pipes. Electric openers, 65 amp electric panel and pull down stairs for storage. Mostly Insulatred,  plywood and long LED lights. 2020 New Furnace zoned heat and central air, new efficiency hot water tank. 2020 all New LVT and carpet flooring. 2020 new glass screen door w hidden screen. 2020 double door w inside screens. House has Vaulted ceilings and natural gas, no propane. 2 double door pantry cabinets in kitchen. Complete new full bath.
Unit Size
1,454 Ft²
Days on Market
-
Land Size
-
Price per sqft
$272
Property Type
House
Property Taxes
$357
HOA Dues
$42
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11795992)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
May 30, 2023 Listed by Thomas J. Swan Realty $395,000
Listed by Thomas J. Swan Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,790
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LK THUNDERBIRD WOODS
  • Land Acres: 0000000410
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LK THUNDERBIRD WOODS LOT 159

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 954600

Geography

  • District: 3
  • Parcel: 03-00-059-090
  • Lot: 159
  • Municipality: SENACHWINE
  • Latitude: 41.2084
  • Longitude: -89.4612

    Address

  • Full Address: 38 Lake Shore Dr
  • Address - House Number: 38
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Putnam
  • Carrier Code: R004
  • 4-Digit Zip Code: 9762
  • Zip Code: 61560

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $495,204
  • Tax Rate Code Area: 03004

    Appraisal Valuation

  • Standard Deviation: 0.2224
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 69
  • Final Value: 354,568
  • High Value: 433,450
  • Low Value: 275,686

    Market Valuation

  • Market Total Value: $183,372
  • Market Land Value: $45,750
  • Market Improvement Value: $137,622

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,124
  • Assessed Land Value: $15,250
  • Assessed Improvements Value: $45,874

    Sales

  • Current Sale Contract Date: Jan 12, 2007
  • Current Sale Recording Date: Jan 12, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 200766
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Putnam

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$148

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1525 ft²

Average Home Age

43.9 years

Currently For Sale

17 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Swan, Thomas J. Swan Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11795992
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 38 Lake Shore Drive built and last sold?
The property at 38 Lake Shore Drive was built in and last sold on Jan 12, 2007 for $235,000.
How much is this home worth?
The estimated value of the home located at 38 Lake Shore Drive is $393,730.
What are some comparable homes to 38 Lake Shore Drive?
There are currently no comparable homes to 38 Lake Shore Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Senachwine Homes for Sale
Senachwine Houses for Sale
Senachwine Land for Sale
Senachwine Homes with Basements
Senachwine Homes with Pools
Senachwine Homes with Parking
Senachwine Homes with Garages
Senachwine Homes with a View
Nearby Cities
Henry Homes for Sale
Tiskilwa Homes for Sale
Granville Homes for Sale
Hennepin Homes for Sale
Mark Homes for Sale
McNabb Homes for Sale
Bureau Junction Homes for Sale
Magnolia Homes for Sale
Nearby Property Records
Bureau County, IL Property Records
Marshall County, IL Property Records
LaSalle County, IL Property Records
Lee County, IL Property Records
Woodford County, IL Property Records
Henry County, IL Property Records
Peoria County, IL Property Records
Tazewell County, IL Property Records
Nearby Counties
Henry Homes for Sale
Granville Homes for Sale
Indiantown Homes for Sale
Arispie Homes for Sale
Hennepin Homes for Sale
Magnolia Homes for Sale
Leepertown Homes for Sale
Whitefield Homes for Sale
Top Real Estate Agents
Top Agents in Senachwine
Top Agents in 61537
Top Agents in Henry
Top Agents in Henry
Top Agents in 61368
Top Agents in Granville
Top Agents in 61326
Top Agents in Tiskilwa