ClosedPrice Reduced

$600,000

$630,000
38764 Gratton Road, Lake Villa, IL 60046
4 Beds4 Baths4,019 sqft34 days
38764 Gratton Road·Lake Villa, IL 60046
4Bedrooms
4Bathrooms
4,019Sq Ft
1914Year Built
About This Home

***RARE WATERFRONT*** opportunity on DEEP LAKE with 100ft of lake frontage, excellent fishing, boating, kayaking and one of the cleanest lakes in Lake County! 4 Pins, 2 Homes and a Large 2.5 Car garage on just under 1 acre of dry land. The remaining 1.5 acres are underwater lots. The large home is the former "Tegan's Resort" and features Original wood floors & Woodburning stove!!! First floor full bath, bedroom & laundry room, large open living room with skylights & excellent lake views and a full walkout basement. It has been vacant for a few years and could use some TLC. The second home (38770 Gratton) features 1 Bath, 1 bedroom and loft with vaulted ceilings, spiral staircase & deck with lake views! It has also been consistently rented out and is currently on a month to month lease. Boat launch right next door for easy access through the voluntary association. This is your chance to have your historic waterfront getaway and earn some income at the same time!

MLS# 11478564Listed July 29, 2022Residential
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms4
Full Baths4
Half Baths0
Total Rooms10

Size & Structure

Living Area4,019 sqft
Garage Spaces3
Fireplaces1
Year Built1914
Lot Size2.400 acres

Location

CountyLake
TownshipLake Villa
Zip Code60046

Financial

List Price$600,000
Original Price$630,000
Price / Sq Ft$149
Annual Taxes (2021)$14,275
Monthly Tax Est.$1,190
Parcel #02332010670000
Interior Features

Appliances

RangeDishwasherRefrigeratorWasherDryerWater Softener Owned

Flooring

Hardwood

Heating

Natural GasForced Air

Cooling

None

Basement

UnfinishedFullWalk-Out Access

Laundry

Main LevelGas Dryer HookupElectric Dryer HookupIn UnitLaundry ChuteMultiple LocationsSink

Fireplace

Wood Burning Stove
Exterior & Lot

Construction

Aluminum SidingStone

Roof

Asphalt

Foundation

BlockBrick/MortarConcrete Perimeter

Patio & Porch

Deck

Lot Features

Mature Trees
Utilities & Parking

Sewer

Septic Tank

Water Source

Well

Electric

Circuit Breakers100 Amp Service

Parking

GravelGarage Door OpenerGarageOn SiteGarage OwnedDetachedDrivewayOwned
HOA & Community

HOA Includes

None

Community Features

LakeStreet Paved
Schools
Elementary
Oakland Elementary School
District: 34
Middle School
Antioch Upper Grade School
District: 34
High School
Lakes Community High School
District: 117
Tax & Financial
Annual Taxes
$14,275
Tax Year 2021
Monthly Tax Est.
$1,190
per month
Price per Sq Ft
$149
per square foot
Price Reduced by $30,000
Original list price: $630,000
Property Location

38764 Gratton Road, Lake Villa, IL 60046Lake County

$600,000
$149 / sqft
38764 Gratton Road
4 bd4 ba4,019 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
34 days on market
3-car garage
1 fireplace
2.400 acres
$14,275/yr taxes
Price reduced $30,000
$4,343
estimated monthly payment
Principal & Interest
$3,153/mo
Property Tax
$1,190/mo
$600,000
20% — $120,000
3%50%
6.875%
3%12%
Loan Amount
$480,000
Down Payment
$120,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
RE/MAX Advantage Realty
Agent: Daniel Vladic
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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