A 6-car garage? An affordable private oasis - entirely remodeled and perfectly move-in ready. This home is a mechanic's dream, a woodworker's paradise, and a blacksmith's utopia. With a 6-car garage (1,400 square feet of garage space) the possibilities are limitless. Enjoy entertaining guests under the vaulted ceiling, while next to the cozy wood burning fireplace, save utilities with all the natural light entering through the skylight and large picture window. Don't forget to go outside to your half acre lot and enjoy the two patios and large garden -- you can even raise some chickens in the henhouse! This ranch has been meticulously maintained with numerous updates including: new accent walls, updated flooring, new interior/exterior doors, new trim and baseboards, a laundry room remodel, a full bathroom remodel, new light fixtures and ceiling fans, and a deck/patio refresh. All of the major ticket items have been updated or replaced recently as well, including: the Roof (2017), Furnace (2023), Air Conditioner (2024), Water Softener (2021 - owned), Reverse Osmosis Installed (2021), Radon Mitigation (2020), and New Appliances (2023). The basement offers a bonus room that could become a bedroom with an egress window, a roughed-in bathroom with a nearly complete shower, and the rest of the basement is nearly finished -- just add flooring. Schedule your showing today!
Single-familyProperty Type
1955Year Built
0.56 acresLot Size
$115Est. Price/Sq.Ft.
6 garage spacesParking
Listed by Tracy Lockenour• HomeSmart Realty Group Illinois
Listed by Brady Lockenour• HomeSmart Realty Group Illinois
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Earn from this home
Refinance
$0
Est. cash available
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Rent
$2,010/mo
Redfin rental estimate
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Market trends in 61607, IL
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-List Price
99.5%
0.1% MoM
Median sale price
$185K
$2K MoM
Avg. days on market
7d
1 days MoM
Recently sold homes
48
2 MoM
Provided by Redfin
Sale history for 7308 W Lancaster Rd
Date
Event
Price
MRED as Distributed by MLS Grid #12384108
Jul 7, 2025
Sold (MLS) (Closed)
$230,000
$109/sq ft
Jun 8, 2025
Contingent (Contingent - No Showings)
—
Jun 4, 2025
Listed (Active)
$220,000
$104/sq ft
RMLSA as Distributed by MLS Grid #PA1219111
Nov 17, 2020
Sold
$158,000
$75/sq ft
Sep 23, 2020
Listed
$162,000
$77/sq ft
+45
Well Maintained Secluded ranch home offers over sized 5 car garage! Brick walkway leads to the covered front porch. 2 large bedrooms with walk-in closet in master, poss. 3rd in basement with closet(no egress), 1 full and 2 1/2 baths on main floor. An additional Full bath in the 4 car heated garage(needs hooked up to hot water heater). Lovely Eat-in kitchen with plenty of cabinet space, 2 pantries, breakfast bar, desk area and walk out to deck. Spacious living room with cathedral ceiling, skylight, high efficiency wood burning fire place and walk out to deck. Lovely breezeway leads to brick patio with wood burner. Main floor laundry. Partial basement with rec room, bar area, roughed in for full bath, 2 sump pumps and 3rd bedroom or work out room. Fenced yard with dog kennel and shed for garden tools. Long driveway with 2 turnarounds, all appliances stay(not warranted), 200 AMP, Roof 2017. Easy living in this updated move in ready ranch home. Limestone Walters School District.
Year
Property tax
Land + Additions
Assessment*
2025
$3,682 (+7.1%)
$6,910 + $42,610
$49,520
2024
$3,438 (+8.0%)
$6,460 + $39,820
$46,280
2023
$3,182 (+6.2%)
$5,980 + $36,870
$42,850
2022
$2,996 (+4.2%)
$5,530 + $34,890
$40,420
2021
$2,876 (+6.3%)
$5,320 + $33,550
$38,870
2020
$2,707 (−0.2%)
$5,220 + $32,890
$38,110
2019
$2,713 (+2.5%)
$5,220 + $32,890
$38,110
2018
$2,647 (−3.6%)
$5,220 + $32,880
$38,100
2017
$2,745 (+2.1%)
$5,270 + $33,210
$38,480
2016
$2,689 (+4.3%)
$5,320 + $33,550
$38,870
2013
$2,578
$5,130 + $32,320
$37,450
Tax history for 7308 W Lancaster Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,682 (+7.1%)
$6,910 + $42,610
$49,520
2024
$3,438 (+8.0%)
$6,460 + $39,820
$46,280
2023
$3,182 (+6.2%)
$5,980 + $36,870
$42,850
2022
$2,996 (+4.2%)
$5,530 + $34,890
$40,420
2021
$2,876 (+6.3%)
$5,320 + $33,550
$38,870
2020
$2,707 (−0.2%)
$5,220 + $32,890
$38,110
2019
$2,713 (+2.5%)
$5,220 + $32,890
$38,110
2018
$2,647 (−3.6%)
$5,220 + $32,880
$38,100
2017
$2,745 (+2.1%)
$5,270 + $33,210
$38,480
2016
$2,689 (+4.3%)
$5,320 + $33,550
$38,870
2013
$2,578
$5,130 + $32,320
$37,450
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.56 Acres
Year renovated
1955
Sq. Ft.
1,292
Year built
1955
Style
Single Family Residential
County
Peoria County
APN
1733401001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 19, 2026.
RR
Rural Residential District
The R-R Rural Residential District is established to provide an opportunity for rural residential development in the County, to maintain areas that are developed with single family detached housing on larger parcels, and to preserve open space and natural features. Parcels zoned R-R should be low density development with larger lots to accommodate the need for individual wells and septic systems. The R-R Rural Residential District is intended to be consistent with the concepts of the rural designation established during the County's land use planning process, adopted in the Peoria County Comprehensive Land Use Plan and shown on the County's Land Use Form map.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Senior
Infrastructure
Public service
Educational/school
Fire house
Police station
Recreation
Park & open space
Property details
Parking
Parking Information
# of Garage Spaces: 6
# of Parking (Total): 10
Parking Features: Garage Door Opener, Heated Garage, Garage, On Site, Garage Owned, Attached, Owned