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$139,500 Contingent

  • For Sale
  • Contingent
  • Single Family
  • 1 Bed
  • 1 Full Bath
  • 580 Sq. Ft.
  • Updated 12 days ago
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Don't miss out on owning this absolutely adorable Island Lake Estates Bungalow that is cute as a button! This beautifully updated 1 BR home is perfect for investment rental or starter home - move in ready! BRAND NEW FEATURES: Interior paint, carpet & luxury vinyl plank flooring throughout, shower (base, walls & enclosure). Seller will be installing brand new asphalt driveway. 2019 updates include: windows, exterior paint, kitchen cabinets, granite counter tops, 90 efficiency furnace, water heater, light fixtures & more! Spacious & sunny backyard features patio! Low taxes & Priced to sell fast! Close to shopping, restaurants, entertainment, parks/beaches & more! Come fall in love w/ your new home today before someone else does! MULTIPLE OFFERS RECEIVED: DEADLINE FOR HIGHEST/BEST - 5PM THUR 6/24

Full Property Details for 218 Southern Terrace

General

  • Price: $139,500
  • Taxes: $2,398 (2025)
  • Status: Contingent
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12683575

Rental Information

  • Complex Features: Park, Lake, Street Paved

Interior

  • Basement: Unfinished
  • Appliances: Range, Microwave, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Equipment: Carbon Monoxide Detectors, Ceiling Fan(s)
  • Other Features: School Bus Service

Parking

  • Total Spaces: 2
  • Parking Features: Asphalt, Off-Street, Driveway, Yes, Owned

Location

  • Area: Island Lake
  • County: Lake
  • Township: Wauconda
  • Subdivision: Island Lake Estates
  • Driving Directions: Rte 176 & Darrel Rd W2 Eastway Dr N2 Southern Terrace W2 home on right.

School Information

  • School District: 118
  • Elem School District: 118
  • Midd School District: 118
  • High School District: 118

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Bungalow
  • Architectural Style: Bungalow
  • Construction: Frame
  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Unfinished, Cellar, Partial
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Windows: Screens, Blinds
  • Doors: Storm Door(s)
  • Square Feet: 580
  • Sq. Ft. Source: Assessor
  • Year Built: 1937
  • Built Before 1978: Yes
  • Remodeled/Updated: 2026

Lot Features

  • Lot Size (Acres): 0.1102
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 40 x 120

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1937
  • Tax Amount: $2,398.16
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 9213130250000

Listed by Sundance Real Estate LLC

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— 218 Southern Terrace —

  • Sundance Real Estate LLC

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NMLS#: 1598647

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Schools serving 218 Southern Terrace

School District:Wauconda Community Unit School District 118
NameGradesDistance
Cotton Creek School
545 Newport Court, Island Lake, IL 60042
K-50.8 mi
Matthews Middle School
PO Box 920, Island Lake, IL 60042
6-80.9 mi
Wauconda High School
555 North Main Street, Wauconda, IL 60084
9-123.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 218 Southern Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,344
9%
$31,486
7%
2024
$2,153
-11%
$29,495
20%
2023
$2,417
-3%
$24,510
-2%
2022
$2,483
3%
$24,946
-1%
2021
$2,405
3%
$25,261
5%
2020
$2,326
9%
$24,076
6%
2019
$2,127
-4%
$22,754
6%
2018
$2,206
5%
$21,445
7%
2017
$2,107
5%
$20,121
6%
2016
$1,998
3%
$19,054
9%
2015
$1,937
-6%
$17,492
—
2014
$2,068
-7%
$17,492
-1%
2013
$2,214
3%
$17,699
-16%
2012
$2,141
—
$21,034
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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218 Southern Terrace, Island Lake, IL 60042 (MLS# 12683575) is a Single Family property with 1 bedroom and 1 full bathroom. 218 Southern Terrace is currently listed for $139,500 and was received on June 19, 2026. Want to learn more about 218 Southern Terrace? Do you have questions about finding other Single Family real estate for sale in Island Lake? You can browse all Island Lake real estate or contact a Coldwell Banker agent to request more information.

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