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For sale
  • $1,500,000

    409 N State St, Franklin Grove, IL 61031

    9beds
    14,000sqft
    : 
    Single Family Residence
    Built in 1911
    1.66 Acres Lot
    $1,358,700 Zestimate®
    $107/sqft
    $-- HOA

    What's special

    Original barnHistoric well houseFireside pagodaFlowing creekMaster suiteApple treesWater garden
    Welcome to Lincoln Way Stay, this property is a completely private, all inclusive accommodation designed to make you feel transported to a world of luxury. Following eight and half fabulous years of welcoming countless guests, brides and grooms, and gatherings of all shapes and sizes, the property is presently utilized as a short term guest lodging. The main house spans 10,000 square feet across four floors and includes six bedrooms. Each floor is equipped with its own HVAC system. The main floor features a welcoming foyer, a spacious living room, an elegant dining room, a dining porch, modern kitchen featuring high capacity commercial appliances, perfect for preparing and serving meals for large groups, and a powder room. On the second floor, you'll find three bedrooms with private bathrooms, including a master suite with French doors opening to a small deck. This floor also houses a laundry room with two washers and dryers, sink, and storage space. The third floor offers two bedrooms with a shared living room and bathroom, each bedroom featuring its own vanity. The stone cellar is a standout, with a bathroom, shower, custom-built Finlandia sauna, bedroom, studio kitchen, living room, workout room, storage, and a tornado bunker with an escape window. The property also includes an original barn used for lawn storage with two garage doors and a historic well house, both dating back to the late 1800s. The carriage house, approximately 2,300 square feet, features a second story retreat with a full kitchen, living room, laundry room, powder room, and a king suite that includes an en suite bathroom with a shower and jacuzzi tub. French doors open to a private deck from both the suite and the main area, with five car parking below. The 3,200 square foot cottage offers a full kitchen and dining room with an open floor plan, leading to a small foyer and full bathroom. The second floor includes a master king bedroom with a catwalk leading to an open air office and sitting room. The lower level comprises a living room, laundry, bathroom with shower, bedroom, and a cement tornado bunker with garden style windows for emergency exits. The property's enchanting outdoor features include a fireside pagoda, water garden, and yoga lawn, surrounded by native plants and tropicals in warm months, apple trees, and herbs. Relax by the fountain, flowing creek, and koi fish waterfall beside the yoga lawn, and discover cozy spots to rest and renew in this quiet Midwestern community. With over $3 million in renovations, this is truly a one of a kind offering.
    54 days
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    557
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    33
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    Zillow last checked: 8 hours ago

    Listing updated: October 17, 2025 at 05:16pm

    Listed by:

    Rebecca Hazzard 815-509-8432,

    Re/Max Of Rock Valley

    Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202506483MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 9
    • Full bathrooms: 9
    • Main level bathrooms: 1
    Primary bedroom
    • Level: Upper
    • Area: 180
    • Dimensions: 12 x 15
    Bedroom 2
    • Level: Upper
    • Area: 182
    • Dimensions: 13 x 14
    Bedroom 3
    • Level: Upper
    • Area: 224
    • Dimensions: 14 x 16
    Bedroom 4
    • Level: Upper
    • Area: 182
    • Dimensions: 14 x 13
    Dining room
    • Level: Main
    • Area: 210
    • Dimensions: 14 x 15
    Family room
    • Level: Lower
    • Area: 255
    • Dimensions: 15 x 17
    Kitchen
    • Level: Main
    • Area: 216
    • Dimensions: 18 x 12
    Living room
    • Level: Main
    • Area: 525
    • Dimensions: 15 x 35
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Wall Oven, Washer, Water Softener, Gas Water Heater
    • Laundry: Upper Level
    Features
    • L.L. Finished Space, Wet Bar, Book Cases Built In, Tray Ceiling(s), Ceiling-Vaults/Cathedral, Granite Counters, Sauna, Second Kitchen, Walk-In Closet(s)
    • Basement: Full,Finished,Partial Exposure
    • Number of fireplaces: 3
    • Fireplace features: Wood Burning, Fire-Pit/Fireplace
    Interior area
    • Total structure area: 14,000
    • Total interior livable area: 14,000 sqft
    • Finished area above ground: 12,700
    • Finished area below ground: 1,300

    Property

    Parking
    • Total spaces: 5
    • Parking features: Asphalt, Attached, Barn, Detached
    • Garage spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Patio, Deck-Covered, Patio-Brick Paver, Covered
    Lot
    • Size: 1.66 Acres
    • Features: City/Town
    Details
    • Additional structures: Garden Shed, Guest House, Gazebo, Shed(s)
    • Parcel number: 060335400023

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Siding, Wood
    • Roof: Metal
    Condition
    • Year built: 1911

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: City/Community
    • Water: City/Community

    Community & HOA

    Community
    • Security: Radon Mitigation Active, Security System
    • Subdivision: IL
    Location
    • Region: Franklin Grove

    Financial & listing details

    • Price per square foot: $107/sqft
    • Tax assessed value: $986,292
    • Annual tax amount: $26,296
    • Price range: $1.5M - $1.5M
    • Date on market: 10/18/2025
    • Ownership: Fee Simple
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    Estimated market value

    $1,358,700

    $1.29M - $1.43M

    $2,186/mo

    Price history

    Price history
    DateEventPrice
    10/18/2025Listed for sale$1,500,000+100%$107/sqft
    Source: NorthWest Illinois Alliance of REALTORS® #202506483 Report a problem
    1/17/2024Sold$750,000+194.1%$54/sqft
    Source: Public Record Report a problem
    12/17/2013Sold$255,000+34.3%$18/sqft
    Source: MRED as distributed by MLS GRID #08335237 Report a problem
    9/5/2013Listing removed$189,900$14/sqft
    Source: Coldwell Banker Honig-Bell #08335237 Report a problem
    5/7/2013Listed for sale$189,900-5%$14/sqft
    Source: Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) #08335237 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$26,296 +12.4%$328,764 +15%
    2023$23,392 +6.1%$285,881 +9%
    2022$22,041 -18.7%$262,276 -17.9%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $10,326/mo
    Principal & interest
    $7401
    Property taxes
    $2400
    Home insurance
    $525

      Climate risks

      Neighborhood: 61031

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Ashton Franklin Center Elem
      • Middle: Ashton Franklin Center Middle
      • High: Ashton Franklin Center High
      • District: Ashton Franklin Center School District

      Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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