Incredible opportunity to own a beautifully updated waterfront home along scenic Nippersink Creek, offering direct access to Pistakee Lake and the Chain O'Lakes. This flowing waterway setting provides the perfect backdrop for both relaxation and recreation. The home has been thoughtfully updated with major improvements including a new furnace and A/C (2020), new windows (2025), and a replaced seawall with rip rap (2024). Inside, you'll find a well-appointed kitchen featuring stainless steel appliances, granite countertops, a stone backsplash, and a convenient butler's pantry. The kitchen opens seamlessly to a spacious living room with soaring floor-to-ceiling stone fireplace (wood-burning or gas), hardwood floors, and stunning water views. Step outside to a generous 25x16 deck overlooking the water-ideal for entertaining or enjoying peaceful mornings. The primary bedroom offers beautiful waterfront views, a walk-in closet, and French doors leading directly to the deck. Upstairs, a second bedroom provides privacy along with its own full bathroom and ample storage. Outdoor features truly shine with a U-shaped pier accommodating up to three boats, complete with a unique 15x12 patio space right on the pier. A custom limestone walkway with built-in fire pit adds to the charm, creating the perfect setting to unwind and take in the natural surroundings. Additional highlights include a new deck (2024), updated drainage and sump systems, garage roof replacement, patio doors, fencing, and more. The large heated garage features an 18-ft wide overhead door, plus extra parking space for all your recreational vehicles and toys. Tucked away near the end of a quiet street, this property offers exceptional privacy while delivering the ultimate waterfront lifestyle. A rare find-truly a must-see!
Single-familyProperty Type
1946Year Built
8,089 sq ftLot Size
$245Price/Sq.Ft.
2 garage spacesParking
Listed by Tony Traynor• HomeSmart Connect LLC
Bought with Jessica Jafari• Abode Real Estate Group
Est. $2,020 per month, based on comparable rentals
Sale and tax history for 37464 N Terrace Ln
Sale History
Tax History
Date
Event
Price
MRED as Distributed by MLS Grid #12596571
Jun 8, 2026
Sold (MLS) (Closed)
$340,000
$245/sq ft
Mar 23, 2026
Contingent (Contingent - Continue to Show)
—
Mar 19, 2026
Listed (Active)
$340,000
$245/sq ft
MRED as Distributed by MLS Grid #10703501
Jun 1, 2020
Sold (MLS) (Closed Sale)
$230,000
$165/sq ft
May 3, 2020
Pending (Contingent (Do Not Show))
—
Apr 30, 2020
Listed (New)
$234,000
$168/sq ft
+26
Nippersink Creek, flowing waterway, to Pistakee Lake(Chain). You will love this Amazing Waterfront Home. Great Kitchen with Stainless Steel Appliances, butler pantry, Granite counter tops and a beautiful stone back splash. Kitchen flows to Spacious Living Room with floor to ceiling Stone Fireplace (Wood Burning or Gas), Hardwood Floors and Beautiful Waterfont Views. Living Room opens to Huge 25X16 Deck. Master Bedroom with Great Water views, Walk In Closet and French Doors open to Deck. 2nd Bedroom Upstairs with Privacy and its own 1/2 Bath, Closet and ample storage closets too. Enjoy the U Shaped Pier big enough for 3 boats and has Unique 15x12 Patio on the Pier. Entertain and Relax on this Nature filled beautiful waterfront setting. Custom Lime stone walkway to the pier with built in Fire pit. Very Private Location near end of the street. Roof 2 yrs new. Large Heated Garage with 18ft wide Overhead Door and * * Big Plus extra parking for all your toys. Must See! Owners hate to leave this Paradise.
Public Records
Mar 22, 2004
Sold
$182,500
$131/sq ft
Public Records
Dec 27, 2001
Sold
$115,000
$83/sq ft
Public Records
Feb 19, 1998
Sold
$85,000
$61/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,386 (+3.6%)
$17,442 + $49,310
$66,752
2024
$3,267 (+1.4%)
$17,442 + $49,310
$66,752
2023
$3,221 (−19.7%)
$16,153 + $45,666
$61,819
2022
$4,011 (+5.1%)
$15,217 + $43,020
$58,237
2021
$3,815 (+36.3%)
$12,289 + $44,081
$56,370
2020
$2,800 (+6.5%)
$11,584 + $41,094
$52,678
2019
$2,629 (−12.8%)
$10,949 + $27,334
$38,283
2018
$3,016 (+6.6%)
$17,043 + $24,699
$41,742
2017
$2,829 (+0.9%)
$17,043 + $24,699
$41,742
2016
$2,804 (+5.2%)
$15,753 + $22,829
$38,582
2015
$2,664 (−36.2%)
$14,407 + $20,879
$35,286
2013
$4,177 (+6.5%)
$13,325 + $27,944
$41,269
2012
$3,921 (+4.9%)
$14,170 + $35,732
$49,902
2011
$3,738 (+2.7%)
$15,065 + $37,988
$53,053
2010
$3,640 (+8.2%)
$15,069 + $42,089
$57,158
2008
$3,364 (+10.0%)
$15,495 + $43,279
$58,774
2007
$3,058
$15,036 + $41,996
$57,032
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1.25
Lot width
—
Lot depth
—
Lot size
7,000 Sq. Ft.
Year renovated
1946
Sq. Ft.
1,232
Year built
1946
Style
Single Family Residential
County
Lake County
APN
05-04-302-005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R-1
Residential District
The R-1 Districts are intended to accommodate low-density, large-lot residential development and to ensure the protection of areas that develop in such a manner. These districts are a higher density version of the very-low density RE District. Like the RE District, the E and R-1 Districts are expected to accommodate only a very small amount of the county’s overall housing needs. These districts primarily serve those households who desire to live in low-density estate areas and are willing to assume the costs of doing so. Because of the relatively sparse population in E-zoned and R-1-zoned areas, the county will not give high priority to the provision of public services in the areas. Instead, public service provision by the county will be concentrated in areas where more intense future development is called for by the Regional Framework Plan. The low densities permitted in the E and R-1 Districts generally permit in accordance with applicable Lake County Health Department rules; see Chapter 171 on-site, individual sewage disposal systems and wells, thereby reducing the need for inefficient public expenditures. The R-1 Districts are intended to implement and correspond to the Regional Framework Plan’s Residential-Medium Lot future land use designation.