4305 E Michael Ln

Olney, IL 62450

$2,280,000
Price
5
Beds
3,400 Sq. Ft.
$671 / Sq. Ft.
3,400
Sq. Ft.
$671
per Sq. Ft.

Description

Discover this private retreat just outside the Olney city limits! This 133-acre property offers a rare blend of luxury, recreation, and natural beauty. The spacious 3,400 sq ft home features 5 bedrooms, 3 full baths, and a half bath, designed for comfort and functionality. Enjoy stunning views and peaceful seclusion with your very own 3.5-acre lake—perfect for fishing,, or simply relaxing at the water’s edge. Outdoor enthusiasts will love the miles of well-maintained trails that wind through mature...Discover this private retreat just outside the Olney city limits! This 133-acre property offers a rare blend of luxury, recreation, and natural beauty. The spacious 3,400 sq ft home features 5 bedrooms, 3 full baths, and a half bath, designed for comfort and functionality. Enjoy stunning views and peaceful seclusion with your very own 3.5-acre lake—perfect for fishing,, or simply relaxing at the water’s edge. Outdoor enthusiasts will love the miles of well-maintained trails that wind through mature woods, over multiple bridges, and into prime hunting areas full with deer, turkeys and even ducks. Whether you’re an avid hunter, or simply love the outdoors, this land has it all. The property also includes two outbuildings ideal for storage, workshops, or hobby use, plus a fenced garden ready for planting. With ample space, rich natural features, and easy access to town, this is more than just a home—it’s a lifestyle. Don’t miss this rare opportunity to own one of the most unique properties in the area!
  1. Listed by Kayla See • Whitetail Properties Real Esta

Property Details for 4305 East Michael Lane

Architectural Style
Other
Subdivision Name
None
LISTING UPDATED: 10/14/2025 03:01 PM

Property Details for 4305 East Michael Lane

StatusActive
MLS #CA1036525
Days on Market229
Taxes$832 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1995
Lot Size0.00 AC / 132 SF
CountyRichland County

Location

Listing Courtesy of Whitetail Properties Real Esta
Add your commute

Building Information for 4305 East Michael Lane

Stories-Year Built1995Building Size-Lot Size0.00 AC / 132 SF

Payment Calculator

$11,182 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,112

Property Taxes

$69

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4305 East Michael Lane

Summary
Location and General Information
  • City: Olney
  • County Or Parish: Richland
  • Directions: Head north out of Olney on CR 1100 N, take a right on E Michael LN, the house at the end of the lane.
  • Latitude: 38.758629
  • Longitude: -88.098909
  • MLSArea Minor: Any Other Areas
  • Postal Code: 62450
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 10628200019, 10621400007, 10628200001, 10628100002
  • Parcel Number: 10628200024
  • Tax Annual Amount: $832
  • Tax Legal Description: +/- 132.94 acres in S21 and S28 T4NR10E in Richland County
  • Tax Year: 2023
School Information
  • High School: East Richland
Parking
  • Parking Features: Attached
  • Garage: true
Property
Lot Information
  • Building Area Total: 3400.0
  • Living Area: 3400.0
  • Lot Features: Other
  • Lot Size Dimensions: +/-132.94
  • 100 Year Plain: Yes
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1995
Utilities
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick
Interior Features
  • Basement: None
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 5
  • Fireplaces Total: 1
  • Heating: Natural Gas
  • Operating Recording Device: None
Room Information
Room 1
  • Number Full Baths: 3
  • Number Half Baths: 1
  • Room Area: 3400.0
  • Room Area Units: Feet.Inches
  • Room Type: Main Level
Room 2
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Type: Upper Level
Room 3
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Area Units: Feet.Inches
  • Room Type: Lower Level
Room 4
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Area Units: Feet.Inches
  • Room Type: Basement
Room 5
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Area Units: Feet.Inches
  • Room Type: Additional Level
Room 6
  • Egress Window: Yes
  • Flooring: Carpet
  • Room Length: 13.0
  • Room Level: Main
  • Room Type: Bedroom 1
  • Room Width: 10.0
Room 7
  • Egress Window: Yes
  • Flooring: Carpet
  • Room Length: 9.0
  • Room Level: Main
  • Room Type: Bedroom 2
  • Room Width: 13.0
Room 8
  • Egress Window: Yes
  • Flooring: Carpet
  • Room Length: 10.0
  • Room Level: Main
  • Room Type: Bedroom 3
  • Room Width: 10.0
Room 9
  • Egress Window: Yes
  • Flooring: Carpet
  • Room Length: 10.0
  • Room Level: Main
  • Room Type: Bedroom 4
  • Room Width: 10.0
Room 10
  • Egress Window: Yes
  • Flooring: Hardwood
  • Room Length: 11.0
  • Room Level: Main
  • Room Type: Bedroom 5
  • Room Width: 19.0
Room 11
  • Flooring: Hardwood
  • Room Length: 12.0
  • Room Level: Main
  • Room Type: Kitchen
  • Room Width: 11.0
Room 12
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Type: Third Floor
Mobile Home
Mobile/Manufactured Home
  • Property Is Mobile Home: No

Property History for 4305 East Michael Lane

DateEvent & SourcePriceAppreciation
Dec 17, 2025

Temporarily Off Market

MRED #1036525

—
Dec 17, 2025

Price Change

MRED #1036525

$2,280,000—
May 19, 2025

Listed (Active)

MRED #1036525

$3,399,000—
May 19, 2025

Listed (Active)

RMLS ALLIANCE #CA1036525

$3,399,000—
Jun 23, 2024

Temporarily Off Market

MRED #12085993

$3,900,000—
Jun 17, 2024

Listed (Active)

MRED #12085993

$3,900,000—
DateEvent & SourcePrice
12/17/2025

Temporarily Off Market

MRED #1036525

—
12/17/2025

Price Change

MRED #1036525

$2,280,000
05/19/2025

Listed (Active)

MRED #1036525

$3,399,000
05/19/2025

Listed (Active)

RMLS ALLIANCE #CA1036525

$3,399,000
06/23/2024

Temporarily Off Market

MRED #12085993

$3,900,000
06/17/2024

Listed (Active)

MRED #12085993

$3,900,000

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

Public Records for 4305 East Michael Lane

Taxable ValueLand$18,968Additions$101,402Total$120,370
Home Facts
Beds0Lot Size714,384 SqFtStyleSingle Family ResidenceCountyRICHLANDAPN06-28-200-024

Schools near 4305 East Michael Lane

This home is within East Richland Community Unit School District 1.
Rating
School
Type
Grades
Distance
East Richland Elementary School
Public - PK to 5
East Richland Middle School
Public - 6 to 8
East Richland High School
Public - 9 to 12
East Orchard Christian Academy
Private - PK to 8
Rating
School
Distance
East Richland Elementary School
PublicPK to 5

East Richland Middle School
Public6 to 8

East Richland High School
Public9 to 12

East Orchard Christian Academy
PrivatePK to 8

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.

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More information about 4305 East Michael Lane, Olney, IL 62450

4305 East Michael Lane is a single family home for sale in Olney, IL 62450. This property was listed for sale on May 19, 2025 by Whitetail Properties Real Esta, it's currently listed at $2,280,000. This listing's school district is East Richland Community Unit School District 1. Nearby schools include East Richland Elementary School, East Richland Middle School and East Richland High School. 4305 East Michael Lane is a 5-bed, 4-bath, 3,400 sqft single family home built in 1995.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Whitetail Properties Real Esta

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/20/2026 10:16 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.