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Listing provided courtesy of Landmark Realty of Illinois LLCMREDas Distributed by MLSGrid- MLS# 12663088MLS Provider

507 Terrace LaneWashburn, IL 61570

Single Family · 4 Beds · 2 Full Baths · 1 Half Bath · 1,932 Sq. ft. | 0.38 Acres
$289,000 Active

507 Terrace Lane Overview

Time on Site:
29 days
Visits:
0

Move-in ready and nestled in a desirable cul-de-sac, this spacious 4-bedroom, 2.5-bath home offers the perfect blend of comfort, functionality and room to grow. A welcoming front porch sets the tone, inviting you into a well-designed floor plan. The main living area offers 1,932 square feet of living space, while the finished walkout basement adds an additional 906 square feet, bringing the total to an impressive 2,838 square feet. The lower level includes its own bedroom and full bath, making it perfect for guests, extended family, or a private retreat. Very nice kitchen that overlooks the beautiful back yard. An office is conveniently located off the dining room and kitchen - ideal for working from home or managing daily tasks. Outside you'll enjoy a large yard with plenty of space for recreation, gardening or entertaining. Relax on the patio or gather around a fire pit for memorable evenings with family and friends. Just a short walk to the local park through a walking trail from the subdivision. Commutable distance from Peoria, Bloomington-Normal and Lasalle-Peru. With generous living space, versatile rooms, and a fantastic location, this home is ready for its next owners to move right in and enjoy.

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507 Terrace Lane Facts & Features

  • Type Single Family
  • Sq. ft. 1,932
  • Price/Sq.ft. $150
  • Lot 0.38 Acres

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

School Information

  • School District: 21
  • Elementary School: Lowpoint-Washburn Elementary
  • Middle Or Junior School: Lowpoint-Washburn Jr High
  • High School: Lowpoint-Washburn High School

Building Information

  • New Construction: No
  • Year Built: 1978

Location/Region

  • County Or Parish: Woodford
  • MLS Area Major: Washburn
  • Township: Cazenovia

Tax Information

  • Tax Annual Amount: $5,701.40
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 0301305006
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 2838
  • Basement SqFt.: 906
  • Disability Access: No
  • Total SqFt.: 1932
  • Upper SqFt.: 1932

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 4
  • Bedrooms Possible: 4

Building Interior

  • Below Grade Finished Area: 906
  • Fireplace Location: Family Room

General Information

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Water Softener Owned, Electric Cooktop
  • Basement: Finished, Full, Walk-Out Access
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas, Forced Air
  • Living Area: 1932
  • Living Area Source: Taped
  • Other Equipment: Water-Softener Owned, CO Detectors, Ceiling Fan(s), Fan-Whole House
  • Rooms Total: 9

Exterior

Parking Information

  • Parking Features: Concrete, Garage Door Opener, Yes, Garage Owned, Attached, Garage
  • Parking Total: 2

Lot Information

  • Additional Parcels: No
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.38
  • Lot Size Dimensions: 78X142X169X180
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Aluminum Siding
  • Roof: Asphalt

General Information

  • Other Structures: Shed(s)
  • Sewer: Public Sewer

Room Information

Room: Dining Room

  • Level: Main
  • Dimensions: 12X13

Room: Kitchen

  • Level: Main
  • Dimensions: 11X16

Room: Living Room

  • Level: Main
  • Dimensions: 14X20

Room: Office

  • Level: Main
  • Dimensions: 10X11

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 2

  • Level: Second
  • Dimensions: 11X13

Room: Bedroom 3

  • Level: Second
  • Dimensions: 10X13

Room: Master Bedroom

  • Level: Second
  • Dimensions: 13X15

Room: Bedroom 4

  • Level: Walkout Basement
  • Dimensions: 13X15

Room: Family Room

  • Level: Walkout Basement
  • Dimensions: 13X28

Room: Laundry

  • Level: Walkout Basement
  • Dimensions: 7X16

507 Terrace Lane Neighborhood

Community

61570 (Washburn) Demographics

43
Median Age
25
Population Density (per sq. mile)
26%
College Educated
$58,056
Estimated Median Income
595
Estimated Total Home Owners
131
Estimated Total Renters
82% / 18%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

507 Terrace Lane Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

507 Terrace Lane Market Data

Based on the last 30 days in this zip code

$235,966
Average List Price
$137
Average Price per Square Foot
0
Properties Sold
32
Average Days on Market
9
Properties for Sale
Calculations provided by Reliance Network

507 Terrace Lane History

Date Event Value Agent
6/18/2026Source: MRED Status Change
Active
6/12/2026Source: MRED Price Reduction
$289,000 -3.3%
6/12/2026Source: MRED Status Change
Price Change
6/5/2026Source: MRED Status Change
Active
5/31/2026Source: MRED Added to Database
May 31, 2026