Lake Living with Water Rights to the Chain-just one block away! This Beautifully Updated Home is truly Move-in Ready. Major Renovations were completed in 2020, with continued Updates through 2025: New Dishwasher, Stove/Oven, Washer & Dryer (2025), Well Pump & Bladder Tank (2025), Water Heater & Softener (2025), and 3 New Window A/C units (2025). Additional Highlights include a 2019 Architectural Shingle Roof, Furnace, and Newer Windows. Enjoy cooking in the Updated Kitchen with 2019 Cabinets & Counters and relax in the Eat-in Area with a Bay Window overlooking Nature. The Home features LVP Flooring throughout the first floor and updated Bathrooms. Upstairs, you'll find 2 Spacious Bedrooms with built-in storage. Extra perks: Attic Insulation and Fan, Fenced Yard with Mature Trees and Firepit, 2-Car Garage with Gas Line & Side Storage, plus a Large Shed and room to park your toys. Don't miss this opportunity-Welcome Home!
Lake Living with Water Rights to the Chain within 1 block. Remodeled and Rebuilt in 2020. You'll love this home! Totally Move In Ready. New and Updated: New Architectural Shingle Roof, New Furnace, New Well + Bladder Tank, New Water Heater, New Water Softener, New Windows with transferable Lifetime Warranty. New Kitchen Cabinets and Counters, 2 New Bathrooms, Amazing New wood type Laminate Floors throughout First Floor, Relax in Eat-in Kitchen with a Beautiful Bay Window for Nature Views. 2 large Bedrooms located upstairs with a built in dresser. Home is Professionally Painted inside and out. Attic Insulation added and an Attic Fan too. Great Huge Yard with Mature Trees, is fully Fenced and gated with custom Firepit. 2 Car Detached Garage with gas line and extra side storage and large Shed. Enough Yard to park your Toys. This home is waiting for YOU!
Public Records
Mar 26, 2020
Sold
$48,333
$34/sq ft
MRED as Distributed by MLS Grid #10545763
Nov 15, 2019
Sold (MLS) (Closed Sale)
$72,500
$51/sq ft
Nov 1, 2019
Relisted (Contingent)
—
Oct 30, 2019
Listing Removed
—
Oct 22, 2019
Price Changed
$89,250
$63/sq ft
Oct 11, 2019
Listed (New)
$89,500
$63/sq ft
+19
Great investment opportunity, home located on a huge lot, fully fenced in yard. Detached 2 Car garage with carport. Eat-in kitchen with a beautiful bay window, large living room with built-in shelving. Two large bedrooms located upstairs. Master Bedroom has a walk out rooftop balcony. House being sold AS IS, has great bones, needs some TLC.
MRED as Distributed by MLS Grid #10346655
Sep 22, 2019
Contingent
—
Sep 20, 2019
Listing Removed
—
Sep 11, 2019
Price Changed
*
Aug 16, 2019
Price Changed
*
Jul 26, 2019
Price Changed
*
Jul 9, 2019
Price Changed
*
Jun 14, 2019
Relisted (Reactivated)
—
Jun 7, 2019
Contingent
—
Jun 1, 2019
Price Changed
*
Apr 16, 2019
Listed (New)
*
Public Records
Jan 1, 1990
Sold
$70,600
$50/sq ft
Public Records
Jun 1, 1985
Sold
$50,750
$36/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$414 (−85.1%)
$4,010 + $51,404
$55,414
2021
$2,777 (+70.9%)
$1,766 + $39,104
$40,870
2020
$1,625 (−20.7%)
$1,665 + $36,859
$38,524
2019
$2,050 (−6.7%)
$1,574 + $22,121
$23,695
2018
$2,197 (+42.1%)
$2,174 + $22,407
$24,581
2017
$1,546 (+1.8%)
$2,174 + $22,407
$24,581
2016
$1,519 (+6.1%)
$2,009 + $20,711
$22,720
2015
$1,431 (−28.4%)
$1,837 + $18,942
$20,779
2013
$1,999 (−18.2%)
$3,793 + $16,564
$20,357
2012
$2,444 (−9.0%)
$4,009 + $29,320
$33,329
2011
$2,686 (−12.0%)
$4,185 + $35,580
$39,765
2010
$3,051 (+8.2%)
$5,327 + $43,537
$48,864
2008
$2,821 (+5.6%)
$5,478 + $44,768
$50,246
2007
$2,672
$5,316 + $43,441
$48,757
Tax history for 37503 N Terrace Ln
Year
Property tax
Land + Additions
Assessment*
2025
$414 (−85.1%)
$4,010 + $51,404
$55,414
2021
$2,777 (+70.9%)
$1,766 + $39,104
$40,870
2020
$1,625 (−20.7%)
$1,665 + $36,859
$38,524
2019
$2,050 (−6.7%)
$1,574 + $22,121
$23,695
2018
$2,197 (+42.1%)
$2,174 + $22,407
$24,581
2017
$1,546 (+1.8%)
$2,174 + $22,407
$24,581
2016
$1,519 (+6.1%)
$2,009 + $20,711
$22,720
2015
$1,431 (−28.4%)
$1,837 + $18,942
$20,779
2013
$1,999 (−18.2%)
$3,793 + $16,564
$20,357
2012
$2,444 (−9.0%)
$4,009 + $29,320
$33,329
2011
$2,686 (−12.0%)
$4,185 + $35,580
$39,765
2010
$3,051 (+8.2%)
$5,327 + $43,537
$48,864
2008
$2,821 (+5.6%)
$5,478 + $44,768
$50,246
2007
$2,672
$5,316 + $43,441
$48,757
*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
Permits
Beds
—
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
4,650 Sq. Ft.
Year renovated
1955
Sq. Ft.
1,420
Year built
1955
Style
Single Family Residential
County
Lake County
APN
05-04-122-008
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.
Permitted uses
Include but are not limited to:
Equestrian facility
Religious facility
Housing-Single unit
Public service
Educational/school
Golf related
Communications tower
Agriculture-Cropland
Park & open space
Water related-Wetland
Jan 18, 2021 • Final
Replacement water well construction
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
# of Garage Spaces: 2
# of Parking (Total): 2
Parking Features: Side Driveway, Garage Door Opener, On Site, Detached, Garage
Interior
Bathroom Information
# of Baths (Full): 1
# of Baths (1/2): 1
Bedroom Information
# of Bedrooms: 2
# of Bedrooms Possible: 2
Room Information
Room Type: Bedroom 2
Level: Second
Dimensions: 12 x 9
Room Information
Room Type: Bedroom 3
Room Information
Room Type: Bedroom 4
Room Information
Room Type: Dining Room
Room Information
Room Type: Family Room
Level: Main
Dimensions: 15 x 9
Room Information
Room Type: Kitchen
Type: Eating Area-Table Space
Level: Main
Dimensions: 20 x 9
Room Information
Room Type: Laundry
Level: Main
Dimensions: 17 x 10
Room Information
Room Type: Living Room
Level: Main
Dimensions: 17 x 10
Room Information
Room Type: Master Bedroom
Level: Second
Dimensions: 15 x 11
Additional Rooms Information
Attic: Unfinished
Laundry Features: Main Level
Interior Features
# of Rooms: 5
Equipment
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Water Softener Owned
Exterior
Exterior Features
Exterior Features: Fire Pit
Building Information
Living Area Source: Assessor
Age: 61-70 Years
Built Before 1978 (Y/N): Yes
Roof: Asphalt
Foundation Details: Concrete Perimeter
Construction Materials: Frame
Property Information
Property Type: Detached Single
Property Type: 2 Stories
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2020
General Information: School Bus Service,Commuter Train
Parcel Number: 05041220080000
Additional Parcels Description: 05041220120000
Fencing: Fenced
Lot Information
Dimensions: 84x91x100x75
Lot Size: .25-.49 Acre
Lot Size Source: County Records
Financial
Tax Information
Tax Year: 2024
Tax Exemptions: Homeowner,Disabled Vet
Financial Information
Finance Code: VA
Special Service Area: N
Utilities
Utility Information
Water Source: Well
Sewer: Septic Tank
Electric: Circuit Breakers
Heating & Cooling
Heating: Natural Gas, Radiator(s)
Cooling: Window Unit(s)
Location
Community Information
Community Features: Water Rights, Street Paved
Homeowners Association Information
Master Association Fee Frequency: Not Required
School Information
Elementary School District: 114
Middle Or Junior School District: 114
High School District: 124
High School: Grant Community High School
Location Information
Subdivision Name: Nippersink Terrace
Township: Grant
Corporate Limits: Spring Grove
Directions: Rt. 12 North of Fox Lake turn left on Terrace Lane
Public facts
Beds: —
Baths: 1.5
Sq. Ft.: 1,420
Stories: 2.0
Lot Size: 4,650 square feet
Style: Single Family Residential
Year Built: 1955
Year Renovated: 1955
County: Lake County
APN: 05-04-122-008
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: No
Teams Information
Buyer Team Name: Keystone Home Hub
Around this home
Schools
Lotus School
Public PreK-4 • Assigned • 1.5mi
4/10
Stanton School
Public 5-8 • Assigned • 2.1mi
4/10
Grant Community High School
Public 9-12 • Assigned • 2.2mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 101° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Spring Grove, IL • 60081
Average low and high temperatures (°F)
28
13
36
19
52
31
61
40
68
47
80
60
83
65
80
61
78
55
66
46
49
35
34
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
10.1 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$284,000 – $344,000
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