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4305 E Michael Ln, Olney, IL, 62450

5beds
3baths
3,400sqft
$2,280,000
$671price/sqft
$17,550/moest. monthly cost
$702,000/yrincome needed

About This Home

This 132.94A± acre property is a one and a million; it offers a turn-key home with outdoor recreation and premium hunting. Located just outside city limits, this property is a rare opportunity for those looking for expansive land with prime hunting, recreational features, and a spacious home. At the heart of the property sits a +/- 3400 square foot home featuring 5 bedrooms and 3 full bathrooms and one half bath—plenty of space for a family or guests. The home has two large outbuildings that offer ample storage and workspace, ideal for equipment, tools, or ATVs and more. A fenced garden with an underground irrigation system from the pond provides a perfect spot for growing your own food, while the concrete dock on the 3.5A± acre lake adds to the property's appeal for those who enjoy fishing or simply enjoying the sunrise over the water.The hunting opportunities here are absolutely endless. The 3.5A± acre lake consistently attracts Canadian geese and ducks. The timber surrounding the property is filled with game, including an impressive population of deer and turkeys. There is no shortage of deer and turkey sign—tracks and rubs are visible throughout the property, indicating a thriving and active population evident by the trail camera photos. The property also has a diverse mix of elevation, which makes it ideal for various hunting setups. Whether you're tracking deer in the woods or waiting for a flock of ducks to fly in, this property delivers consistent results season after season.On the west side of the property, the East Fork River feeds into the Fox River, providing additional opportunities for waterfowl hunting and great fishing. In fact, I personally jumped multiple wood ducks, mallards and countless deer in this area, confirming its prime habitat. The combination of the lake, river access, and timber makes this property one of the most well-rounded hunting setups you'll find, while also bringing in $5,280 in annual crp income.The property is also well-developed for ease of access and recreational use. A gun range offers a space for practice, while multiple man-made bridges give you easy access to all corners of the property. Perhaps one of the most unique features of this land is the outstanding trail system, designed to lead you to every part of the property. It is perfect for scouting, hunting, or simply getting around. The trails are thoughtfully laid out to give hunters access to all the prime areas while minimizing disturbances to wildlife.This property isn't just for hunting—it's a fully functional, versatile piece of land that offers room for expansion or unlimited outdoor activities. Whether you're looking for a property that delivers an outstanding hunting experience, a family-friendly home with acreage, or a place to build your dream country setup, this 132.94A± acre property checks all the boxes. Don't miss out on this opportunity to own a piece of land that delivers outstanding hunting and year-round outdoor enjoyment. Contact Land Specialist Josh Malone today for all the details.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

6/10
7/10
8/10
East Richland High SchoolGrades 9-122.2 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Other

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Interior Area

  • Total structure area: 3,400
  • Total interior livable area: 3,400 sqft

Property

Details

  • Parcel number: 0628200024

Features

  • Exterior features: Dock
  • Fencing: Fenced

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Drought
Earthquake
Hail
Heat Wave
Inland Flooding
Tornado
Winter Weather
Ice Storm

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $11,528$138,336
Home Insurance *$3,558$42,696
Property Taxes $2,203$26,436
Electricity $261$3,138
Total$17,550$210,600
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$601,714/yr
40% on housing$526,500/yr
45% on housing$468,000/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 6.1%
6.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$671This listing

vs Other Active Listings

Avg $/sqft

ZIP 62450$79
Richland County$72

vs Homes Sold Last Month

Median $/sqft

ZIP 62450
Richland County$88

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-17Listed for sale$2,280,000
2026-03-13Listing removed$2,280,000
2025-10-13Price change$2,280,000
2025-09-30Listed for sale$2,750,000
2025-09-13Listing removed$2,750,000
2025-07-11Price change$2,750,000
2025-05-19Listed for sale$3,399,000
2025-02-28Listing removed$3,900,000
2024-06-17Listed for sale$3,900,000
2024-05-28Listing removed--
2023-09-12Listed for sale$3,900,000

For Sale by Agent

AgentWhitetail Properties
BrokerageWhitetail Properties

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