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Contingent
  • $435,000

    3881 E Tank Farm Ln, Olney, IL 62450

    2beds
    1,400sqft
    : 
    $3,039/mo
    Get pre-qualified
    Single Family Residence
    Built in 2014
    40 Acres Lot
    $412,200 Zestimate®
    $311/sqft
    $-- HOA

    What's special

    Two separate living quartersGreenhouse for gardening enthusiastsBlackberry bushes and asparagus
    A Sportsman's paradise near Olney! Escape to your own private retreat on 40 beautiful acres just north of Olney. This unique property features two separate living quarters , making it perfect for multi-generational living, guests, or rental income. The main home, built in 2014, is part of a spacious barndominium measure 72' x 42'.Inside you'll find nearly 1,400 sq. ft. of comfortable living space, including 2 bedrooms, 1 bath, laundry, and an open living, kitchen, and dining area. Attached is a 28' x 42' garage with three overhead doors, plus an additional 11' x 42' heated and cooled multi-purpose space. The home is connected to EJ water and includes a whole-house generator. The separate accessory living quarters have their own uitilities, offering excellent rental income potential or space for extended family. Outdoor enthusiasts will love the established trails throughout the wooded acreage, wide enough for side-by-side vehicles. The property is rich with wildlife and has a proven history of mature whitetail deer and eastern turkey. Additional features include: .Approximately12.5 acres of tillable ground .4.5-5 acres of hay ground providing additional income .Orchard with peach, cherry, pear, and apple trees .Blackberry bushes and asparagus .Greenhouse for gardening enthusiasts .An estimated $25,000 in harvestable timber Conveniently located approx. 2.5 miles north of Olney, this property offers the perfect blend of country privacy, recreation, and income potential.
    138 days
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    31
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rebecca Miller 618-843-7634,

    Richland County Realty

    Source: My State MLS,MLS#: 11669586

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: Dining Room, First Floor Bathroom, Kitchen, Laundry Room, Living Room, Walk-in Closet
      Kitchen
      • Features: Open, Laminate Counters
      Basement
      • Area: 0
      Heating
      • Electric, Forced Air
      Cooling
      • Central
      Appliances
      • Included: Dryer, Refrigerator, Oven, Washer
      Features
      • Flooring: Tile
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 1,400
      • Total interior livable area: 1,400 sqft
      • Finished area above ground: 1,400

      Property

      Parking
      • Total spaces: 4
      • Parking features: Driveway, Attached
      • Garage spaces: 4
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Handicap
      Features
      • Stories: 1
      • Patio & porch: Patio, Covered Porch
      Lot
      • Size: 40 Acres
      • Features: Trees
      Details
      • Additional structures: Shed(s), General Outbuilding, Guest House
      • Parcel number: 0617200004
      • Lease amount: $0

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2014

      Utilities & green energy

      • Electric: Amps(0)
      • Sewer: Private Septic
      • Water: Municipal

      Community & HOA

      Community
      • Subdivision: Rural
      HOA
      • Has HOA: No
      Location
      • Region: Olney

      Financial & listing details

      • Price per square foot: $311/sqft
      • Tax assessed value: $92,664
      • Annual tax amount: $4,322
      • Date on market: 3/10/2026
      • Date available: 03/09/2026

        Estimated market value

        $412,200

        $392,000 - $433,000

        $1,269/mo

        Price history

        DateEventPrice
        4/16/2026Contingent$435,000$311/sqft
        Source: My State MLS #11669586 Report a problem
        3/10/2026Listed for sale$435,000-11.2%$311/sqft
        Source: My State MLS #11669586 Report a problem
        9/2/2024Listing removed$489,990$350/sqft
        Source: Whitetail Properties #86911 Report a problem
        5/20/2024Listed for sale$489,990-1.2%$350/sqft
        Source: Whitetail Properties Report a problem
        10/17/2023Listing removed--
        Source: Whitetail Properties Report a problem
        8/5/2023Price change$495,900-9.8%$354/sqft
        Source: Whitetail Properties Report a problem
        5/2/2023Listed for sale$550,000$393/sqft
        Source: Whitetail Properties Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,322 -1.1%$92,664 +8.4%
        2023$4,369 -1.6%$85,445 +8.5%
        2022$4,442 -0.6%$78,775 +5.6%
        2021$4,468 +0.4%$74,576 +1.3%
        2020$4,451 +3.3%$73,642 +1%
        2019$4,311 +39.8%$72,893 +0.9%
        2018$3,082 +2.6%$72,213 +1.8%
        2017$3,005 +7.9%$70,907 +5.7%
        2016$2,785 +7.1%$67,074 +4.7%
        2015$2,600 +6.8%$64,084 +62.4%
        2014$2,434 -5.3%$39,462 +9.4%
        2013$2,569 +0.5%$36,059 +0.2%
        2011$2,556 +0.2%$35,995 -0.8%
        2010$2,550 $36,290
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 62450

        Getting around

        0 / 100
        Car-Dependent
        20 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Richland County Cusd 1

        Source: My State MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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