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Sold for $480,000
  • $480,000

    1021 Gale Lake St, East Galesburg, IL 61430

    2beds
    1,210sqft
    Single Family Residence, Residential
    Built in 1950
    47.8 Acres Lot
    $498,900 Zestimate®
    $397/sqft
    $1,348 Estimated rent

    Home value

    $498,900

    Estimated sales range

    Not available

    $1,348/mo

    Zestimate® history
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    What's special

    Luxury amenitiesIn-ground poolPrivate lakeTillable acreageOversized garageExpansive land
    Discover a rare gem nestled in the heart of Knox County. This 2-bedroom, 2-bathroom home set on 47.8 acres of timber in the Knoxville school district, features a private 10(?)acre lake with big bass and many other species of fish. Originally known as Highland Park, this historic property was built in the 1870s by the CB&Q Railroad as a vibrant gathering spot for picnics, boating, and concerts. Later purchased in the 1940s by Gale Products for testing outboard motors, the estate, now called Gale Lake, retains charming remnants of its past. Property Highlights: Cozy 2-bed, 2-bath residence perfect for comfortable living or a weekend retreat. Private Lake: ideal for fishing and relaxation. Expansive Land: 47.8 acres of timber, perfect for bow hunting big bucks. Tillable Acreage: Approximately 7+- acres, ideal for a food plot (used as a trap shoot in old days). Luxury Amenities: In-ground pool with auto cover and auto cleaner for effortless maintenance. Oversized Garage: Large 3-car garage for vehicles, equipment, or hobbies. Rich History: A unique blend of natural beauty and historical significance, offering a one-of-a-kind lifestyle. Whether you’re an outdoor enthusiast, a history buff, or seeking a serene escape, Gale Lake offers endless possibilities. Don’t miss your chance to own this extraordinary property!

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott Cramer 309-297-0637,

    RE/MAX Traders Unlimited

    Bought with:

    Scott Cramer, 475182704

    RE/MAX Traders Unlimited

    Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1260432MLS LogoOriginating MLS: Peoria Area Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom 1
    • Level: Main
    • Dimensions: 12ft 0in x 14ft 0in
    Bedroom 2
    • Level: Main
    • Dimensions: 10ft 0in x 11ft 0in
    Other
    • Level: Main
    • Dimensions: 12ft 0in x 14ft 0in
    Additional room
    • Description: Sun Room
    • Level: Main
    • Dimensions: 7ft 0in x 11ft 0in
    Kitchen
    • Level: Main
    • Dimensions: 13ft 0in x 8ft 0in
    Living room
    • Level: Main
    • Dimensions: 15ft 0in x 12ft 0in
    Main level
    • Area: 1210
    Heating
    • Propane, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Range Hood, Microwave, Range, Refrigerator, Gas Water Heater
    Features
    • Solid Surface Counter
    • Windows: Window Treatments, Blinds
    • Basement: Partial
    • Number of fireplaces: 1
    • Fireplace features: Gas Log, Living Room
    Interior area
    • Total structure area: 1,210
    • Total interior livable area: 1,210 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached, Gravel, Private
    • Garage spaces: 3
    • Details: Number Of Garage Remotes: 1
    Features
    • Patio & porch: Enclosed
    • Pool features: In Ground
    • Waterfront features: Pond/Lake
    Lot
    • Size: 47.8 Acres
    • Features: Agricultural, Wooded
    Details
    • Additional structures: Outbuilding
    • Additional parcels included: 1018104018
    • Parcel number: 1018104018

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence, Residential
    Materials
    • Frame, Vinyl Siding
    • Foundation: Block
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Unknown
    Location
    • Region: East Galesburg

    Financial & listing details

    • Price per square foot: $397/sqft
    • Tax assessed value: $270,060
    • Annual tax amount: $6,254
    • Date on market: 8/25/2025
    • Cumulative days on market: 106 days
    • Road surface type: Gravel

    Price history

    DateEventPrice
    2/2/2026Sold$480,000-12.7%$397/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1260432 Report a problem
    12/16/2025Pending sale$550,000$455/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1260432 Report a problem
    11/12/2025Price change$550,000-4.3%$455/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1260432 Report a problem
    10/14/2025Listed for sale$575,000$475/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1260432 Report a problem
    10/8/2025Contingent$575,000$475/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1260432 Report a problem
    8/25/2025Listed for sale$575,000+121.2%$475/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1260432 Report a problem
    1/29/2014Sold$260,000-11.9%$215/sqft
    Source: Public Record Report a problem
    7/20/2013Listing removed$295,000$244/sqft
    Source: RE/MAX Unified Brokers #86464 Report a problem
    5/17/2013Price change$295,000-4.7%$244/sqft
    Source: RE/MAX Unified Brokers #86464 Report a problem
    3/20/2013Price change$309,500-1.7%$256/sqft
    Source: RE/MAX Unified Brokers #86464 Report a problem
    2/12/2013Listed for sale$314,900$260/sqft
    Source: RE/MAX UNIFIED BROKERS #86464 Report a problem
    12/2/2012Listing removed$314,900$260/sqft
    Source: RE/MAX UNIFIED BROKERS #86464 Report a problem
    11/8/2012Listed for sale$314,900$260/sqft
    Source: RE/MAX UNIFIED BROKERS #86464 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,255 +12.6%$90,020 +10.8%
    2023$5,553 +5.8%$81,250 +6.7%
    2022$5,248 +7%$76,120 +6%
    2021$4,904 +2.2%$71,810 +3%
    2020$4,797 +1.5%$69,720 +2%
    2019$4,724 +8.1%$68,360 +3%
    2018$4,371 +46.5%$66,370 +1%
    2017$2,983 $65,720 +3%
    2015$2,983 $63,800 +6.8%
    2013$2,983 $59,730 +31.2%
    2011-- $45,520 -2%
    2010-- $46,450
    2009-- $46,450 +6%
    2008-- $43,820
    Find assessor info on the county website

    Neighborhood: 61430

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Knoxville

    Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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