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$315,000
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Property Description
218 FEET OF PRIVATE LAKEFRONT! Don't miss this rare opportunity to own a WATERFRONT home situated on beautiful Lake Thunderbird, just 2 hours southwest of Chicago! This 6 bedroom, 3 bath home with walkout basement is located on a quiet cul-de-sac on a highly sought after lot. THE WATERFRONT OF THIS PROPERTY IS SO VAST IT PROVIDES A PRIVATE SWIMMING COVE. Enter the home and your eyes will soon discover NEW engineered hardwood flooring, vaulted ceilings and loads of windows with amazing lake views throughout. The living room greets you and opens directly to the updated kitchen. The kitchen boasts white cabinetry, stainless steel appliances, a breakfast bar and walk-in pantry. An eating area also complements the space. The kitchen flows directly into the family room with wood burning fireplace, built-in shelving, and new French doors. Off the family room you will find two large bedrooms and a hall bath. The master suite is located on the opposite end of the home and is comprised of a large walk-in closet and master bath with double sinks, separate shower, and whirlpool tub. Head downstairs to another level of living. The walkout basement consists of a large bar, game area and a recreation room with a gas burning fireplace. Three sizable bedrooms and a bath are also located on the lower level, along with a laundry room and loads of storage. Head outside to the expansive deck that provides beautiful views of the lake. A few steps down and you are at the waterfront. The private driveway allows for loads of parking. A newer roof and siding, updated kitchen, tankless water heater and more add to the value of this home. Enjoy 112 ACRES OF LAKE, GUARDED SWIMMING POOL, PRIVATE BEACH, RENOVATED CLUBHOUSE, PARKS, NATURE TRAILS, VOLLEYBALL, BASKETBALL, TENNIS, MINI GOLF, DISC GOLF, FISHING, SPECIAL EVENTS AND MORE! Access to all the amenities are included in the low annual assessment. This is an estate sale. Home is clean and well-maintained and being sold As-Is. PLEASE NOTE: THE ADDRESS ON THE HOME IS 36 MAGNOLIA DRIVE, BUT THE HOMES CORRECT ADDRESS IS 38 MAGNOLIA DRIVE.
Full Property Details
Full Property Details for 38 Magnolia Dr
General
- Sold For: $315,000
- HOA FEE: $61/month
- HOA FEE FREQ.: Annually
- Taxes: $9,212 (2023)
- Status: Closed
- Type: Single Family
- Source: MRED
- MLS ID: 12360306
- Added to Site: 256 day(s) ago
Interior
- Interior Features: Cathedral Ceiling(s), Wet Bar, 1st-Floor Bedroom, 1st-Floor Bath, Built-in Features, Walk-In Closet(s), Pantry
- Fireplace: Yes
- Fireplace(s): Family Room, Basement, Wood-Burning, Gas Log, Gas Starter
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Stainless Steel Appliance(s)
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Basement Baths: Yes
- Bathroom Features: Whirlpool, Separate Shower, Double Sink
Bedrooms
- Total Bedrooms: 6
Parking
- Total Spaces: 3
- Parking Features: Gravel, Off-Street, Off Site, Owned
Location
- Area: Lake Thunderbird / Putnam
- County: Putnam
- Subdivision: Lake Thunderbird
- Driving Directions: LAKE THUNDERBIRD DR TO MAGNOLIA DR FOLLOW TO CUL DE SAC
School Information
- School District: 5
- Midd School District: 5
Community
- Assoc. Fees Include: Clubhouse, Pool, Lake Rights, Other
- Mgmt. Company: LAKE THUNDERBIRD ASSOCIATION
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Propane
Utilities
- Water: Public, Shared Well
Structural Information
- Architectural Style: Ranch
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement Desc.: Finished, Full, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Windows: Screens, Skylight(s), Drapes
- Sub-Flooring: Wood
- Square Feet: 2,400
- Sq. Ft. Source: Builder
- Year Built: 1991
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 198 x 151 x 278 x 273
- Lot Features: Cul-De-Sac, Wooded, Mature Trees
Water Features
- Water Front: Yes
- Water Front Desc.: Lake Front
- Water Front View: Back of Property
- Lake Front: Yes
Financial Considerations
- Association Fee: $726
- Assoc Fee Freq.: Annually
- Parking Included: Yes
- Assessment Year: 1991
- Tax Amount: $9,212
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple with Homeowners Association
- Property ID: 300070040
Listed by Platinum Partners Realtors
Sold by Re/Max Millennium
Get Pre-Approved Today
Schools
Schools serving 38 Magnolia Dr
School District:Henry-Senachwine Consolidated Unit School District 5
| Name | Grades | Distance |
|---|---|---|
Henry-Senachwine Grade School 201 Richard Street, Henry, IL 61537 | PK-8 | 8.1 mi |
Henry-Senachwine High School 1023 College Avenue, Henry, IL 61537 | 9-12 | 7.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 38 Magnolia Dr
Date
Details
Price
Change
Source
9/29/2025
Sold
$315,000
-10%
MLS
7/17/2025
Price Reduced
$350,000
-4.11%
MLS
5/09/2025
Listed
$365,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
38 Magnolia Drive, Putnam, IL 61560 (MLS# 12360306) is a Single Family property that was sold at $315,000 on September 29, 2025. Want to learn more about 38 Magnolia Drive? Do you have questions about finding other Single Family real estate for sale in Putnam? You can browse all Putnam real estate or contact a Coldwell Banker agent to request more information.

