Third Lake, IL, Real Estate
Third Lake, Illinois, is a serene village in Lake County with a population of 1,111 as of the 2020 census, offering a tranquil escape about an hour’s drive from Chicago. Nestled around its namesake 155.5-acre Third Lake and the smaller Druce Lake, the village is known for its natural beauty, providing opportunities for fishing, boating, swimming, and skating, though lake access requires a resident boat sticker. Incorporated in 1959 to protect its environment and limit development, Third Lake maintains a quiet, residential charm with subdivisions like Sunshine and Mariner’s Cove, developed in the 1920s and 1980s, respectively. The village is home to the New Gračanica Monastery, a cultural landmark and North American headquarters for the Serbian Orthodox Eparchy, featuring a stunning replica of the Kosovo Gračanica monastery built in 1984.
Third Lake currently has 4 single family homes for sale with an average list price of $416,700 and 2 lots for sale with an average list price of $82,500. The average annual property tax for Third Lake is $10,187.77.
Schools
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Third Lake, i.e. what's hot and what's not.
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Recent Sales
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Subdivisions
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Mariners Cove is a single-family home community in Third Lake, Illinois, built between 1984 and 1991. It currently has 2 single family homes for sale with an average list price of $505,950. The homes range in size from 1,342 ft2 to 4,343 ft2. The HOA fees range from $8 to $25 per month. The average annual property tax for Mariners Cove is $10,236.28. It is located in Lake County. Mariners Cove is a single family neighborhood built in the late 1980s to early 1990s. Mariners Cove features 350 homes situated close to Third and Druce lakes, which offer 225 acres available for year-round recreation including swimming, boating, fishing and ice skating. Mariners Cove is located in Third Lake, Illinois on Washington west of Route 45
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Median Price: $412,550 |
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Sunshine is a single-family home community in Third Lake, Illinois, built between 1955 and 2013. It currently has 1 single family home for sale with a list price of $314,900. The homes range in size from 1,144 ft2 to 3,246 ft2. The average annual property tax for Sunshine is $10,368.33. It is located in Lake County. Sunshine is a single family home neighborhood located in Third Lake, Illinois. Sunshine subdivision was platted in the late 1920s and consists of 84 homes. Sunshine residents enjoy rights to 2 lakes, Third Lake and Druce Lake. Sunshine subdivision is located off Rt. 45 South of Rollins Road.
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Subdivisions
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Market Trends
Third Lake home sales for the month of August stayed the same in volume when compared to last year, while the median sale price stayed the same.
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$279,000
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$310,000
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$350,000
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$394,062.50
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Median Sale Price for Third Lake
Number of Sales for Third Lake
Market Trends
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Real Estate News
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Third Lake had only 1 sale during the week of Tuesday, August 26 to Monday, September 1, including and it was a single family home for sale with a list ...
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Third Lake had only 1 new home for sale during the week of Friday, August 22 to Thursday, August 28, including and it was a single family home for sale ...
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Third Lake had only 1 new home for sale during the week of Friday, August 8 to Thursday, August 14, including and it was a single family home for sale ...
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Third Lake had only 1 sale during the week of Tuesday, July 29 to Monday, August 4, including and it was a single family home for sale with a list ...
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Third Lake had only 1 new foreclosure and/or short sale during the week of Monday, July 21 to Sunday, July 27, and it was a single family home for sale ...
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Real Estate News
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