Sold197d on market
38 Magnolia Dr
Putnam, IL, 61560 • 61560 • Putnam County
$315,000
$131/sqft
6Beds
3Baths
2,400Sqft
1991Built
Property DNA
Waterfront Property
Lake Front
Scenic Views
Water · Back of Property
Ranch Style
Built 1991 · 35 years of history
Lake Thunderbird
61560
Outdoor Living
Deck · Patio
2 Fireplaces
Wood Burning · Gas Log · Gas Starter · Family Room · Basement
Shed(s)
Shed(s)
Premium Finishes
Walk-In Closet(s)
This home is getting attention
Listed 197 days ago · 12 views
Market activity
Demand and pricing signals for this listing
12 views
People checking out this listing
197 days on market
Established listing
$131/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 26% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1991
218 FEET OF PRIVATE LAKEFRONT! Don't miss this rare opportunity to own a WATERFRONT home situated on beautiful Lake Thunderbird, just 2 hours southwest of Chicago! This 6 bedroom, 3 bath home with walkout basement is located on a quiet cul-de-sac on a highly sought after lot. THE WATERFRONT OF THIS PROPERTY IS SO VAST IT PROVIDES A PRIVATE SWIMMING COVE. Enter the home and your eyes will soon discover NEW engineered hardwood flooring, vaulted ceilings and loads of windows with amazing lake views throughout. The living room greets you and opens directly to the updated kitchen. The kitchen boasts white cabinetry, stainless steel appliances, a breakfast bar and walk-in pantry. An eating area also complements the space. The kitchen flows directly into the family room with wood burning fireplace, built-in shelving, and new French doors. Off the family room you will find two large bedrooms and a hall bath. The master suite is located on the opposite end of the home and is comprised of a large walk-in closet and master bath with double sinks, separate shower, and whirlpool tub. Head downstairs to another level of living. The walkout basement consists of a large bar, game area and a recreation room with a gas burning fireplace. Three sizable bedrooms and a bath are also located on the lower level, along with a laundry room and loads of storage. Head outside to the expansive deck that provides beautiful views of the lake. A few steps down and you are at the waterfront. The private driveway allows for loads of parking. A newer roof and siding, updated kitchen, tankless water heater and more add to the value of this home. Enjoy 112 ACRES OF LAKE, GUARDED SWIMMING POOL, PRIVATE BEACH, RENOVATED CLUBHOUSE, PARKS, NATURE TRAILS, VOLLEYBALL, BASKETBALL, TENNIS, MINI GOLF, DISC GOLF, FISHING, SPECIAL EVENTS AND MORE! Access to all the amenities are included in the low annual assessment. This is an estate sale. Home is clean and well-maintained and being sold As-Is. PLEASE NOTE: THE ADDRESS ON THE HOME IS 36 MAGNOLIA DRIVE, BUT THE HOMES CORRECT ADDRESS IS 38 MAGNOLIA DRIVE.
Standout features identified
Our analysis highlights wood burning fireplace, private lakefront, and gas burning fireplace as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,032/month
Principal & Interest$1,551
Property Tax$315
Insurance$105
HOA$61
Down payment20% ($63,000)
3%50%
Est. 6.25% rate · 30yr fixed · $252,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1991
HeatingPropane
CoolingCentral Air
Parking3 Parking spaces
HOA$726 annually
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleRanch
Year built1991
Stories1
Systems
HeatingPropane
CoolingCentral Air
RoofAsphalt
ConstructionVinyl Siding
Water / SewerPublic, Shared Well / Septic Tank
Parking & Outdoor
ParkingGravel, Off Street, Off Site, Owned
BasementFinished,Full,Walk-Out Access
Fireplaces2
Location & Tax
Neighborhood61560
Annual tax$9,212
Parcel0300070040
Bathrooms & Fees
Full baths3
HOA$61/mo
Features & details
16 categories of property features
Interior Features
Interior
Cathedral Ceiling(s)
Wet Bar
1st Floor Bedroom
1st Floor Full Bath
Built-in Features
Walk-In Closet(s)
Pantry
Appliances
Range
Microwave
Dishwasher
Refrigerator
Freezer
Stainless Steel Appliance(s)
Flooring
Wood
Heating
Propane
Cooling
Central Air
Laundry
Electric Dryer Hookup
Sink
Fireplace
Wood Burning
Gas Log
Gas Starter
Family Room
Basement
Windows
Screens
Skylight(s)
Drapes
Accessibility
No Disability Access
Exterior Features
Parking
Gravel
Off Street
Off Site
Owned
Construction
Vinyl Siding
Patio & Porch
Deck
Patio
Lot Features
Cul-De-Sac
Wooded
Mature Trees
Community
Clubhouse
Park
Pool
Tennis Court(s)
Lake
Dock
Water Rights
Street Paved
Views
Water
Back of Property
Other Structures
Shed(s)
Room details
19 rooms detailed
Master Bedroom
Main13×12 ft156 sqft
Flooring (Carpet)Window Treatments (Blinds)Bathroom (Full)
Bedroom2
Main12×11 ft132 sqft
Flooring (Hardwood)Window Treatments (Blinds)
Bedroom3
Main12×11 ft132 sqft
Flooring (Hardwood)Window Treatments (Blinds)
Bedroom4
Basement11×12 ft132 sqft
Flooring (Carpet)
Bedroom5
Basement12×11 ft132 sqft
Flooring (Carpet)Window Treatments (Blinds)
Bedroom6
Basement11×11 ft121 sqft
Flooring (Carpet)Window Treatments (Blinds)
Listing insights
Market data and value estimates
StatusSold
Days on market197
Est. value$324,000
Est. rent$2,641/mo
Tax rate1.59%
Price/sqft$131
On marketMay 9, 2025
PostedMay 9, 2025
Last sold$315,000
MLS statusClosed
MLS updatedOct 2, 2025
Tour days6
Views12
How are the schools in Putnam?
2 schools rated nearby
Location
Putnam, IL, 61560
Price history
11 events
DateEventPrice$/sqftSource
Sep 29, 2025Sold$315,000$131MRED as distributed by MLS GRID
Aug 13, 2025Contingent$350,000$146MRED as distributed by MLS GRID
Jul 17, 2025Price Change$350,000$146MRED as distributed by MLS GRID
May 9, 2025Listed For Sale$365,000$152MRED as distributed by MLS GRID
Nov 30, 2024Listing Removed$385,000$160MRED as distributed by MLS GRID
Oct 10, 2024Price Change$385,000$160MRED as distributed by MLS GRID
May 30, 2024Price Change$399,999$167MRED as distributed by MLS GRID
Mar 6, 2024Listed For Sale$415,000$173MRED as distributed by MLS GRID
Dec 1, 2023Listing Removed——MRED as distributed by MLS GRID
Sep 12, 2023Price Change$424,900$177MRED as distributed by MLS GRID
Jul 20, 2023Listed For Sale$395,000$165MRED as distributed by MLS GRID
Sold$315,000
Sep 29, 2025•$131/sqft•MRED as distributed by MLS GRID
Contingent$350,000
Aug 13, 2025•$146/sqft•MRED as distributed by MLS GRID
Price Change$350,000
Jul 17, 2025•$146/sqft•MRED as distributed by MLS GRID
Listed For Sale$365,000
May 9, 2025•$152/sqft•MRED as distributed by MLS GRID
Listing Removed$385,000
Nov 30, 2024•$160/sqft•MRED as distributed by MLS GRID
Price Change$385,000
Oct 10, 2024•$160/sqft•MRED as distributed by MLS GRID
Price Change$399,999
May 30, 2024•$167/sqft•MRED as distributed by MLS GRID
Listed For Sale$415,000
Mar 6, 2024•$173/sqft•MRED as distributed by MLS GRID
Listing Removed—
Dec 1, 2023•MRED as distributed by MLS GRID
Price Change$424,900
Sep 12, 2023•$177/sqft•MRED as distributed by MLS GRID
Listed For Sale$395,000
Jul 20, 2023•$165/sqft•MRED as distributed by MLS GRID
Tax history
16 years of records
YearTax paidAssessed value
Apr 15, 2024$11,190$137,088
Apr 15, 2023$9,212$119,946
Apr 15, 2022$6,277$77,476
Apr 15, 2021$6,095$74,189
Apr 15, 2020$4,983$60,500
Apr 15, 2019$4,801$57,899
Apr 15, 2018$4,667$55,141
Apr 15, 2017$454$54,030
Apr 15, 2016$4,450$51,353
Apr 15, 2015$3,971$50,719
Apr 15, 2014$3,709$48,966
Apr 15, 2013$3,897$51,598
Apr 15, 2012$3,141$51,598
Apr 15, 2011$3,983$65,866
Apr 15, 2010$3,815$65,196
Apr 15, 2009$3,766$71,121
Nearby homes
Neighborhood details
Local context around this listing
Putnam, IL • Putnam County
Nearby cities
GranvilleHennepinMagnoliaMarkMcNabbPeruPutnamStandard
Nearby zip codes
613356133661560
Similar homes
Based on information submitted to the MLS GRID as of 2026. 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. [Click here for more information](/mls-disclaimers/#17)
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