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  • $315,000

    38 Magnolia Dr, Putnam, IL 61560

    6beds
    2,400sqft
    Single Family Residence
    Built in 1991
    -- sqft lot
    $316,100 Zestimate®
    $131/sqft
    $3,177 Estimated rent

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: September 30, 2025 at 01:42pm

    Listing courtesy of:

    Stephanie Pellegrino 708-369-6119,

    Platinum Partners Realtors,

    Andrea Quinones 708-257-8133,

    Platinum Partners Realtors

    Bought with:

    Arturas Strokovas

    Re/Max Millennium

    Source: MRED as distributed by MLS GRID,MLS#: 12360306MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Features: Flooring (Carpet), Window Treatments (Blinds), Bathroom (Full)
    • Level: Main
    • Area: 156 Square Feet
    • Dimensions: 13X12
    Bedroom 2
    • Features: Flooring (Hardwood), Window Treatments (Blinds)
    • Level: Main
    • Area: 132 Square Feet
    • Dimensions: 12X11
    Bedroom 3
    • Features: Flooring (Hardwood), Window Treatments (Blinds)
    • Level: Main
    • Area: 132 Square Feet
    • Dimensions: 12X11
    Bedroom 4
    • Features: Flooring (Carpet)
    • Level: Basement
    • Area: 132 Square Feet
    • Dimensions: 11X12
    Bedroom 5
    • Features: Flooring (Carpet), Window Treatments (Blinds)
    • Level: Basement
    • Area: 132 Square Feet
    • Dimensions: 12X11
    Bedroom 6
    • Features: Flooring (Carpet), Window Treatments (Blinds)
    • Level: Basement
    • Area: 121 Square Feet
    • Dimensions: 11X11
    Bar entertainment
    • Features: Flooring (Ceramic Tile), Window Treatments (Blinds)
    • Level: Basement
    • Area: 456 Square Feet
    • Dimensions: 24X19
    Deck
    • Features: Flooring (Other)
    • Level: Main
    • Area: 900 Square Feet
    • Dimensions: 15X60
    Eating area
    • Features: Flooring (Hardwood), Window Treatments (Blinds)
    • Level: Main
    • Area: 144 Square Feet
    • Dimensions: 12X12
    Family room
    • Features: Flooring (Hardwood)
    • Level: Main
    • Area: 180 Square Feet
    • Dimensions: 15X12
    Kitchen
    • Features: Kitchen (Eating Area-Breakfast Bar, Eating Area-Table Space, Pantry-Walk-in), Flooring (Hardwood), Window Treatments (Blinds)
    • Level: Main
    • Area: 144 Square Feet
    • Dimensions: 12X12
    Laundry
    • Features: Flooring (Ceramic Tile)
    • Level: Basement
    • Area: 98 Square Feet
    • Dimensions: 7X14
    Living room
    • Features: Flooring (Hardwood), Window Treatments (Blinds)
    • Level: Main
    • Area: 221 Square Feet
    • Dimensions: 17X13
    Pantry
    • Features: Flooring (Hardwood)
    • Level: Main
    • Area: 30 Square Feet
    • Dimensions: 6X5
    Recreation room
    • Features: Flooring (Carpet), Window Treatments (Blinds)
    • Level: Basement
    • Area: 285 Square Feet
    • Dimensions: 15X19
    Walk in closet
    • Features: Flooring (Carpet)
    • Level: Main
    • Area: 28 Square Feet
    • Dimensions: 4X7
    Heating
    • Propane
    Cooling
    • Central Air
    Appliances
    • Included: Range, Microwave, Dishwasher, Refrigerator, Freezer, Stainless Steel Appliance(s)
    • Laundry: Electric Dryer Hookup, Sink
    Features
    • Cathedral Ceiling(s), Wet Bar, 1st Floor Bedroom, 1st Floor Full Bath, Built-in Features, Walk-In Closet(s), Pantry
    • Flooring: Wood
    • Windows: Screens, Skylight(s), Drapes
    • Basement: Finished,Full,Walk-Out Access
    • Number of fireplaces: 2
    • Fireplace features: Wood Burning, Gas Log, Gas Starter, Family Room, Basement
    Interior area
    • Total structure area: 2,400
    • Total interior livable area: 2,400 sqft
    • Finished area below ground: 1,200

    Property

    Parking
    • Total spaces: 3
    • Parking features: Gravel, Off Street, Off Site, Owned
    Accessibility
    • Accessibility features: No Disability Access
    Features
    • Stories: 1
    • Patio & porch: Deck, Patio
    • Has view: Yes
    • View description: Water, Back of Property
    • Water view: Water,Back of Property
    • Waterfront features: Lake Front
    Lot
    • Dimensions: 198 X 151 X 278 X 273
    • Features: Cul-De-Sac, Wooded, Mature Trees
    Details
    • Additional structures: Shed(s)
    • Parcel number: 0300070040
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1991

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public, Shared Well

    Community & neighborhood

    Community
    • Community features: Clubhouse, Park, Pool, Tennis Court(s), Lake, Dock, Water Rights, Street Paved
    Location
    • Region: Putnam
    • Subdivision: Lake Thunderbird

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $726 annually
    • Services included: Clubhouse, Pool, Lake Rights, Other

    Other

    Other facts
    • Has irrigation water rights: Yes
    • Listing terms: Conventional
    • Ownership: Fee Simple w/ HO Assn.