Date
Details
Price
Change
Source
6/13/2026
Listed
$324,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$324,900 Just Listed
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Property Description
Kitchen and downstairs bathroom have heated floors. All measurements are estimated and should be confirmed by buyer. Listing office license #478.026891. Earnest money held by HB Wilkinson at 828 N Galena Ave, Dixon, IL 61021 or via TrustFunds online. A rare blend of history, character, and modern updates, this one-of-a-kind home was originally built as the Fairview School in 1877 and has been tastefully reimagined into a spacious five-bedroom, three-bath residence. Situated on one acre at the corner of Polo Road and Penrose, the property offers a unique living experience with thoughtful improvements throughout. The remodeled kitchen features stone countertops, a wet bar, and custom pantry, while the inviting living spaces are highlighted by a fireplace, main floor laundry, and a convenient main floor bathroom. Recent updates include a new roof, stained siding, garage floors, and garage openers in 2022, along with a new front window and door in 2025. Outside, enjoy the hot tub, attached 2.5-car garage, and a detached barn with loft and wood burner, providing endless possibilities for a workshop, storage, or hobby space. With a full basement and a rich history that can't be replicated, this is a truly special property ready for its next chapter.
Full Property Details
Full Property Details for 31040 Penrose Rd
General
- Price: $324,900
- Taxes: $3,120 (2025)
- Status: Active
- Type: Single Family
- Source: 2606
- MLS ID: 202603501
- Updated: 6/15/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Bar-Wet
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer, Water Softener
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Attached garage: Yes
- Garage Spaces: 4
- Garage Description: Attached, Detached
Location
- Area: Whiteside County
- County: Whiteside
- Subdivision: IL
School Information
- School District: Sterling School District #5
- Elementary School: Franklin
- Middle School: Challand
- High School: Sterling HS
Heating & Cooling
- Cooling Type: Central Air
- Water Heater: Gas
Utilities
- Sewer: Septic
- Water: Well
Structural Information
- Architectural Style: 1.5 Story
- Exterior Const.: Wood
- Basement: Yes
- Roof: Shingle
- Square Feet: 2,400
- Year Built: 1877
Lot Features
- Lot Size (Acres): 1
- Frontage: County/City Road
Water Features
- Water Front Desc.: Well
Financial Considerations
- Price Per Sq. Ft.: $135.38
- For Sale/Rent/Lease: For Sale
- Tax Amount: $3,120
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: Per Title
Listed by Re/Max of Rock Valley
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Listing agent
— 31040 Penrose Rd —
Re/Max of Rock Valley
Cell: 815-677-1873
NMLS#: 1598647
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Schools
Schools serving 31040 Penrose Rd
School District:Sterling Community Unit District 5
| Name | Grades | Distance |
|---|---|---|
Franklin Elementary School, Sterling, IL 1510 East 25th Street, Sterling, IL 61081 | PK-2 | 5.5 mi |
Washington Elementary School, Sterling, IL 815 West Le Fevre Road, Sterling, IL 61081 | 3-5 | 6.7 mi |
Challand Middle School 1700 6th Avenue, Sterling, IL 61081 | 6-8 | 6.2 mi |
Sterling High School 1608 4th Avenue, Sterling, IL 61081 | 9-12 | 6.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 31040 Penrose Rd
Tax History
Tax History for 31040 Penrose Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,121
6%
$52,871
7%
2024
$2,941
8%
$49,242
7%
2023
$2,714
9%
$45,857
10%
2022
$2,495
5%
$41,864
6%
2021
$2,382
6%
$39,564
6%
2020
$2,237
8%
$37,289
8%
2019
$2,079
2%
$34,491
1%
2018
$2,039
—
$34,022
3%
2017
$2,029
-8%
$32,986
-6%
2016
$2,194
2%
$35,013
3%
2015
$2,158
—
$34,000
-1%
2014
$2,166
4%
$34,368
3%
2013
$2,086
—
$33,257
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 31040 Penrose Rd
31040 Penrose Road, Sterling, IL 61081 (MLS# 202603501) is a Single Family property with 5 bedrooms and 3 full bathrooms. 31040 Penrose Road is currently listed for $324,900 and was received on June 13, 2026. Want to learn more about 31040 Penrose Road? Do you have questions about finding other Single Family real estate for sale in Sterling? You can browse all Sterling real estate or contact a Coldwell Banker agent to request more information.