Tastefully updated and beautifully appointed 2-bedroom, 2 bath Settlement Townhome licensed for short-term rental, offering a comfortable and functional layout with a bedroom and bathroom on each level and an incredible location in the heart of The Galena Territory. Bright, inviting living spaces and attractive finishes throughout create a welcoming atmosphere, all set in a peaceful setting with a wooded backdrop, attractive landscaping, and gently sloping grassy berm. The open main level features a nicely updated kitchen with abundant cabinetry, stainless appliances, updated laminate counters, wood flooring, and space for casual eat-in dining, flowing seamlessly into the generous living room highlighted by additional wood flooring, large windows that fill the space with natural light, and a cozy pellet stove insert with brick surround and mantle for warmth and ambiance. The main level also includes a spacious guest bedroom with internal shutters, along with a beautifully remodeled full bathroom (2018) featuring a stylish tile surround shower. Upstairs, the private primary suite offers cathedral ceilings, a charming shiplap accent wall, more interior shutters, ample closet space, and an adjoining full bath with shower, updated shiplap vanity wall, and newer light fixture and faucets for the sink and shower (2022). A convenient laundry closet with full-size washer and dryer is also located on the upper level. Enjoy the outdoors from the rear deck overlooking the wooded surroundings, with composite decking and metal rails. An integrated storage shed provides surprisingly generous space for seasonal items and additional storage needs. The exterior is accented by attractive landscaping and a paved walkway leading to the nearby common parking area. Andersen windows throughout, updated front and rear doors with storm doors replaced all in 2015. Electric thermal storage units (Steffes boxes) along with electric baseboard heating for cozy comfort. Offered nicely furnished for a turnkey transition with furnishings to be transferred via separate bill of sale. Come enjoy all amenities of The Galena Territory, including Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym, tennis courts and more, tranquil Lake Galena, and miles of gorgeous paved and unpaved recreation trails directly accessible from this wonderful location. Just minutes from Eagle Ridge Resort & Spa 63 holes of golf, multiple restaurants, The Country Store, and the newly renovated Stonedrift Spa. 2026 annual Galena Territory Association Fee of $1404 and 2026 Eagle Ridge Townhouse Association monthly association fee of $375 apply.
For sale
$244,900
35 Thatcher Ln, Galena, IL 61036
2beds
950sqft
Condominium, Townhouse
Built in 1984
-- sqft lot
$231,700 Zestimate®
$258/sqft
$385/mo HOA
What's special
Attractive landscapingPrivate primary suiteGently sloping grassy bermBright inviting living spacesAttractive finishes throughoutComfortable and functional layoutTastefully updated
- 169 days
- 198
- 9
Zillow last checked:
Listing updated:
Listed by:
DAMON HEIM 815-266-2427,
Coldwell Banker Network Realty
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202601411
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 144
- Dimensions: 13.5 x 10.67
Bedroom 2
- Level: Main
- Area: 107.64
- Dimensions: 10.33 x 10.42
Kitchen
- Level: Main
- Area: 106.85
- Dimensions: 13.08 x 8.17
Living room
- Level: Main
- Area: 145.53
- Dimensions: 14.08 x 10.33
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Washer, Electric Water Heater
- Laundry: Upper Level
Features
- Ceiling-Vaults/Cathedral, Granite Counters
- Windows: Window Treatments
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 950
- Total interior livable area: 950 sqft
- Finished area above ground: 950
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Water, Lake
- Has water view: Yes
- Water view: Water,Lake
Lot
- Features: Wooded, Covenants, Restrictions, Subdivided
Details
- Additional structures: Shed(s)
- Parcel number: 0643403500
Construction
Type & style
- Home type: Townhouse
- Property subtype: Condominium, Townhouse
Materials
- Cedar
- Roof: Shingle
Condition
- Year built: 1984
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City/Community
- Water: City/Community
Community & HOA
Community
- Subdivision: IL
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Snow Removal, Pool Access, Water Access, Clubhouse, Trash
- HOA fee: $385 monthly
Location
- Region: Galena
Financial & listing details
- Price per square foot: $258/sqft
- Tax assessed value: $174,039
- Annual tax amount: $4,618
- Price range: $244.9K - $244.9K
- Date on market: 3/14/2026
- Cumulative days on market: 170 days
- Ownership: Fee Simple
- Road surface type: Hard Surface Road
Estimated market value
$231,700
$220,000 - $243,000
$1,152/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2026 | Listed for sale | $244,900+2.5%$258/sqft |
Source: | ||
| 4/22/2024 | Sold | $239,000-1.6%$252/sqft |
Source: | ||
| 3/10/2024 | Pending sale | $242,900$256/sqft |
Source: | ||
| 2/28/2024 | Price change | $242,900+21.5%$256/sqft |
Source: | ||
| 4/3/2022 | Pending sale | $199,900$210/sqft |
Source: | ||
| 3/26/2022 | Listed for sale | $199,900+47.5%$210/sqft |
Source: | ||
| 4/13/2006 | Sold | $135,500$143/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,011 +19.6% | $58,013 +22.6% |
| 2023 | $3,353 +53.6% | $47,323 +64% |
| 2022 | $2,184 +6.3% | $28,863 +8.1% |
| 2021 | $2,054 -1.8% | $26,700 +0.9% |
| 2020 | $2,092 +0.7% | $26,467 |
| 2019 | $2,077 +2.2% | $26,467 -0.2% |
| 2018 | $2,032 | $26,507 |
| 2017 | $2,032 +2.1% | $26,507 -13.4% |
| 2016 | $1,991 -11.7% | $30,607 |
| 2015 | $2,255 -0.2% | $30,607 -6.2% |
| 2014 | $2,260 -19% | $32,638 -24.7% |
| 2013 | $2,790 | $43,327 -7.3% |
| 2010 | -- | $46,722 |
| 2009 | -- | $46,722 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 61036
Nearby schools
Schools provided by the listing agent
- Elementary: Galena
- Middle: Galena
- High: Galena
- District: Galena
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






