5 Arrowhead Ct. W, Putnam, IL 61560 Lake Thunderbird | 0.38 Acre Buildable lot, Owner Financing Available.
Taxes for 2026 are paid, HOA waived until 2027.
Build your dream home or secure an affordable recreational or investment property on this 0.38-acre zoned R-2 (one or two family residential) lot located on a quiet cul-de-sac within the Lake Thunderbird Association in Putnam, Illinois.
Enjoy a peaceful, low-traffic setting with access to Lake Thunderbird community amenities, including multiple lakes, beaches, boating, fishing, swimming, picnic areas, playgrounds, and year-round outdoor recreation (per association rules).
Property Details:
Lot size: 0.38 Acre/16553 sq ft
Parcel ID:05-11-331-005 (Tax parcel ID: 03-00-034-090)
Legal Description: LAKE THUNDERBIRD HLS LOT 137
Quiet cul-de-sac location
Located in Lake Thunderbird Association
Residential build potential (buyer to verify zoning & association rules)
No builder tie-ins
For Sale By Owner – no agent fees
Price: $5,500
Owner Financing Available
Financing Terms: $2,000.00 down, $110.49/month for 3 years at 8.5% interest
$3,500 financed
Simple approval
No bank required
Fast, easy closing
Clear title
Direct transaction with the owner
Enjoy small-town charm while being:
• Approx. 2 hours from Chicago
• Close to Princeton, IL
• Easy access to I-80
Buyer to verify utilities, zoning, HOA/association dues ($55 monthly), and intended use.
Contact the owner directly for details, financing questions, or to walk the property.
There will be a $295 documentation fee for this lot. We will prepare all documentation and record the deed for you. This land is being sold in "as is" condition. Seller makes no representations, warranties of any kind whatsoever, expressed or implied. All prospective buyers are urged to do their own due diligence to their own satisfaction prior to the purchase of this property. All information contained in this listing page has come from reliable sources and is accurate to the best of our knowledge. There will be no delinquent back-year taxes at the time of conveyance. Current year taxes are the buyer's responsibility. As Seller, we guarantee we will provide the buyer with a Quit Claim Deed upon payment in full.
For sale by owner
$5,500
5 Arrowhead Ct, Putnam, IL 61560
--beds
0baths
0.38Acres
VacantLand
Built in ----
0.38 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Quiet cul-de-sac location
- 116 days |
- 22 |
- 0 |
Listed by:
Property Owner (302) 439-0949
Property Owner
Property Owner
(302) 439-0949
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Estimated market value
Not available
Estimated sales range
Not available
$931/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Listed for sale | $5,500 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $156 +122.3% | $1,916 +109.2% |
| 2023 | $70 +2.5% | $916 +8.1% |
| 2022 | $69 +3% | $847 +4.4% |
| 2021 | $67 -28.3% | $811 -28.1% |
| 2020 | $93 +1.6% | $1,128 +2.3% |
| 2019 | $91 +2.9% | $1,103 +5% |
| 2018 | $89 +0.7% | $1,050 |
| 2017 | $88 -39.5% | $1,050 -37.6% |
| 2016 | $146 +10.7% | $1,683 |
| 2015 | $132 +7% | $1,683 +3.6% |
| 2014 | $123 -4.8% | $1,625 -5.1% |
| 2013 | $129 +0% | $1,712 |
| 2012 | $129 -11.7% | $1,712 -16.6% |
| 2011 | $146 -53.8% | $2,053 -55.2% |
| 2010 | $317 -9.7% | $4,584 -19.5% |
| 2009 | $351 | $5,695 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 61560
Nearby schools
GreatSchools rating
- 5/10Henry-Senachwine Grade SchoolGrades: PK-8Distance: 8 mi
- 6/10Henry-Senachwine High SchoolGrades: 9-12Distance: 7.6 mi
- Illinois
- Putnam County
- Putnam
- 61560
- 5 Arrowhead Ct




