Last Sold Price
3 beds
1040 Lake Terrace Rd, Elgin, IL 60123

Description

Discover a hidden gem of Elgin, IL at Willow Lake Estates. The age-qualified community (55 primary, 40 secondary owner) is quietly tucked away from the hustle and bustle of the big city. Bordered by the Fox River, you are greeted with mature tree lines and natural landscaping right outside your doorway. Access the Illinois Prairie Path, just across the river, and take a stroll through history on the nicely paved walking and biking trails that were once fully functioning railroad tracks. Nearby the...Discover a hidden gem of Elgin, IL at Willow Lake Estates. The age-qualified community (55 primary, 40 secondary owner) is quietly tucked away from the hustle and bustle of the big city. Bordered by the Fox River, you are greeted with mature tree lines and natural landscaping right outside your doorway. Access the Illinois Prairie Path, just across the river, and take a stroll through history on the nicely paved walking and biking trails that were once fully functioning railroad tracks. Nearby the pedestrian bridge, there are nesting areas for birds and a commonplace to spot eagles. The pathway spans 61 miles, making it the perfect place for a quick stroll or an extended-day adventure for active adults. Even transportation is made simple with bus access and quick two-minute commute to the interstate. There are many opportunities nearby for entertainment, relaxation or simply making everyday trips to the grocery or doctor's office. Find a diverse selection of restaurants as well as arts and entertainment, too. This 1680 sq ft home is a manufactured home placed on site in 2 pieces. Soaring ceilings and large light filled rooms with a short walk to the river. 3 bedrooms, 2 full baths with a master suite with walk in closet, soaking tub, walk in shower. The living area has an open concept layout that includes the great room and kitchen. This home also features a large 1 car garage and separate shed. Lovely deck and outdoor space means you're on vacation every day. This could just be your worry free summer home. As a resident of the community, you can enjoy the benefits of living a relatively maintenance-free lifestyle. Your site rent includes regular grass cutting, snow removal, use of the private stocked lake, community clubhouse with fitness center, library, and heated outdoor swimming pool. Discover the place where comfort and convenience come easy at Willow Lake Estates. Park approval is required.
LISTING CLOSED: 08/29/2022 12:00 AM

  1. Listed by Mary Nelson • Castle View Real Estate
    P: (815) 751-0846 C: (815) 751-0846 mnelson798@gmail.com

Sold By Castle View Real Estate

Property Details for 1040 Lake Terrace Road

Status
MLS #
11480481
Days on Market
13
Taxes
$94 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Mobile/Manufactured
MLS Type
Mobile Home
Year Built
1999
Lot Size
-
Area
Elgin
Township
Elgin
Ownership
Leasehold
Num Of Garage Spaces
1.0
Num Of Parking Spaces
2.0
Num Of Cars
3.0
Air Conditioning Type
Central Air
Heat/Fuel
Natural Gas

Recent comparable sales

Median sold price

$60,000

Avg days on market

53

Sale-to-list ratio

91.7%

[Elgin, IL]

9 comparable properties found

a view of a house with a snow in the yard
1/18
1

$62,000

Sold 03/03/26

3
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
a front view of a house with garden
1/25
2

$60,000

Sold 09/04/25

3
Bedrooms
Unavailable
Square Feet
0.03
Acres
a view of a house with a yard
1/17
3

$58,000

Sold 04/24/26

3
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
a view of house with backyard
1/22
4

$50,000

Sold 03/04/25

3
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
a view of a house with a yard
1/20
5

$48,000

Sold 07/31/25

3
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
$132,000 | 1075 Lakewood Road, Elgin, IL 60123
1/23
6

$132,000

Sold 05/09/25

3
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
$60,000 | 221 Big Peninsula Road, Elgin, IL 60123
1/27
7

$60,000

Sold 07/11/25

2
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
a front view of a house with garden
1/28
8

$64,000

Sold 01/21/25

2
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
$115,000 | 186 Parkwood Road, Elgin, IL 60123
1/16
9

$115,000

Sold 02/04/25

3
Bedrooms
Unavailable
Square Feet
0.05
Acres

Location

Add your commute

Building Information for 1040 Lake Terrace Road

Stories-Residences-Year Built1999Lot Size-

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$313 per month

30 year fixed, 6.55% Interest

Principal and Interest

$305

Property Taxes

$8

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1040 Lake Terrace Road

General Information
School Information
  • Elementary School District: 46
  • High School District: 46
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage, Space/s
  • Parking On Site: true
  • Parking Ownership: Owned
Location and General Information
  • Park Name: Willow Lakes Estat
Property Information
Interior Features
  • Interior Property Features: Vaulted/Cathedral Ceilings, Open Floorplan
  • Num Of Rooms: 6
  • Bedrooms Total: 3
  • Bedrooms (Below Grade): 0
  • Community Features: Clubhouse, Park, Pool, Lake, Dock, Street Lights, Street Paved
  • Bedrooms Possible: 3
  • Air Conditioning: Central Air
  • Dining Room: Kitchen/Dining Combo
  • Room Type: No additional rooms
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Property/Lot Information
  • New Construction YN: No
  • Built Before 1978: No
  • Age: 21-25 Years
  • Lot Dimensions: COMMON
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Exterior Building Type: Vinyl Siding
  • General Information: Adult Community
  • Doublewide: Yes
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2022-08-01T23:47:37
  • Photos Count: 19
  • Park Approval: Yes
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Room Type: Master Bedroom
  • Master Bedroom Bath: Full, Whirlpool & Sep Shwr
  • Master Bedroom Dimensions: 16X17
Bedroom #2 Information
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 13X13
Bedroom #3 Information
  • Room Type: Bedroom 3
  • Bedroom #3 Room Dimensions: 12X12
Dining Room Information
  • RoomType_DR: Dining Room
  • Dining Room Dimensions: COMBO
Kitchen Information
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 11X21
Laundry Information
  • Laundry Level: Main
  • Room Type: Laundry
  • Laundry Dimensions: 9 X 9
Living Room Information
  • Room Type: Living Room
  • Living Room Dimensions: 18X18
Multi Family
Multi-Family Information
  • Mobile Home Size: 1680

Property History for 1040 Lake Terrace Road

DateEvent & SourcePriceAppreciation
Aug 29, 2022

Sold

MRED #11480481

$60,000
Aug 12, 2022

Pending

MRED #11480481

Aug 12, 2022

Contingent

MRED #11480481

DateEvent & SourcePrice
08/29/2022

Sold

MRED #11480481

$60,000
08/12/2022

Pending

MRED #11480481

08/12/2022

Contingent

MRED #11480481

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1040 Lake Terrace Road

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Century Oaks Elementary School
PublicPK to 6

Kimball Middle School
Public7 to 8

Larkin High School
Public9 to 12

Central School Program
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 60123

$300,000 | 319 Oak Street, Elgin, IL 60123
1/25
New

$300,000

2
Bedrooms
1,491
Square Feet
Unavailable
Acres
$255,000 | 1651 College Green Drive, Elgin, IL 60123
1/22
New

$255,000

3
Bedrooms
1,393
Square Feet
0.06
Acres
$204,999 | 712 West Highland Avenue, Unit 6, Elgin, IL 60123
1/28
Open: 8/15 11:00AM - 01:00PMNew

$204,999

2
Bedrooms
1,075
Square Feet
$305,000 | 1080 Delta Drive, Unit 1080, Elgin, IL 60123
1/20
Open: 8/15 11:00AM - 01:00PMNew

$305,000

3
Bedrooms
1,580
Square Feet
$429,500 | 254 Wing Park Boulevard, Elgin, IL 60123
1/32
Open: 8/15 12:00PM - 02:30PMNew

$429,500

2
Bedrooms
1,822
Square Feet
0.46
Acres
$331,000 | 947 Diane Avenue, Elgin, IL 60123
1/27
New

$331,000

3
Bedrooms
1,056
Square Feet
0.23
Acres
$300,000 | 474 Sunset Drive, Elgin, IL 60123
1/25
Open: 8/15 12:00PM - 02:00PMVirtual Tour

$300,000

3
Bedrooms
1,256
Square Feet
0.14
Acres
$400,000 | 2141 Country Knoll Court, Elgin, IL 60123
1/38
Open: 8/14 04:30PM - 06:30PM

$400,000

4
Bedrooms
2,162
Square Feet
Unavailable
Acres
$449,500 | 1661 Kimberly Avenue, Elgin, IL 60123
1/24

$449,500

3
Bedrooms
1,792
Square Feet
0.35
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1040 Lake Terrace Road, Elgin, IL 60123
$60,000
3
$45,000
2
728
$14,000
1
5,000
$79,900
2
1,344
$60,000
3
$38,000
2
1,456

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Castle View Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/29/2022 06:11 PM. 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.