5 BD Country Home on 10 Acres. Stocked Pond, Dock and Horse Pasture for $199,000

Welcome to Adorable Living Spaces. Today we are taking a closer look at 2998 Gresham Hollow Rd in Hamburg, Illinois, a secluded country property positioned at the end of a dead-end road with a cedar cabin-style home and 10 acres of land.

Following a substantial $51,000 price reduction, the property is currently listed for $199,000. The two-story home was built in 1975 and provides approximately 2,095 square feet, with 5 bedrooms and 1 full bathroom.

The property combines several desirable rural features, including pasture, a stocked pond with a dock, wire fencing, an above-ground pool, and land suitable for horses. The setting is described as private and secluded, with views across the pasture and pond.

This could be particularly interesting for buyers searching for an affordable horse property, small homestead, recreational retreat, or full-time country residence. The large house, 10 acres, pond, pasture, and under-$200,000 asking price create an unusual combination, although the as-is condition needs to be carefully considered.

Five-Bedroom Cedar Cabin With 2,095 Square Feet

The residence is classified as a cabin-style home with cedar construction and offers 2,095 square feet of finished above-ground living space across two levels. The interior features beamed ceilings, carpet and vinyl flooring, and insulated windows.

One bedroom is located on the main floor and measures approximately 10 by 11 feet. Four additional bedrooms are upstairs, including two larger rooms measuring approximately 14 by 14 feet and 14 by 15 feet.

The main level contains a 21-by-19-foot living room and a separate 29-by-10-foot family room, providing two substantial gathering spaces. The fireplace is located in the family room, while the kitchen measures approximately 8 by 10 feet.

There is currently only one full bathroom, located on the main floor. However, the listing identifies an approximately 8-by-6-foot room upstairs as a future bathroom, which could be significant for a five-bedroom house if conversion is practical and properly permitted.

Flexible Interior and Future Bathroom Potential

The home’s five-bedroom arrangement provides considerable flexibility for a rural property at this price. Four upstairs bedrooms range from approximately 121 to 210 square feet, while the main-floor bedroom could be useful for someone who prefers to avoid stairs.

The listing also notes that laundry was moved into what had been the dining room. This approximately 13-by-10-foot room is on the main level, although the property details also reference laundry in the basement. Buyers should verify the current configuration during a showing.

Carpet is used throughout much of the house, while the kitchen and existing bathroom have vinyl flooring. The listing also identifies insulated windows and distinctive beamed ceilings.

The unfinished future bathroom upstairs deserves further investigation. Buyers should determine whether plumbing has already been installed, what work remains, and whether permits or septic modifications would be necessary before assuming that a second bathroom can easily be completed.

10 Private Acres With Horse Potential

The home sits on 10 acres described as private and secluded. Unlike acreage that is almost entirely wooded or steep, this property specifically includes pasture and is identified as suitable for horses.

The listing confirms that horses can be raised on the property, making the acreage potentially useful for buyers interested in equestrian use or a small rural homestead. Existing wire fencing is another practical feature.

Buyers should still inspect the fencing and pasture rather than assuming they are immediately ready for horses. Fence condition, gates, water availability, shelter, drainage, pasture quality, and safe access all need to be considered.

The end-of-road setting also adds to the property’s appeal for buyers prioritizing privacy. At the same time, road maintenance and year-round accessibility should be confirmed, particularly for anyone planning to keep animals or commute regularly.

Stocked Pond, Dock and Outdoor Recreation

A major feature of the property is its stocked pond with a dock. Both pond and pasture views are identified in the listing, making the water part of the property’s setting rather than simply a small secondary feature.

A stocked pond could provide fishing and recreation without leaving the property. Combined with 10 acres, it also adds another dimension for buyers interested in spending significant time outdoors.

The listing does not specify the pond’s dimensions, depth, fish species, water source, or maintenance history. Buyers should inspect the banks, dock, drainage, overflow areas, and overall water condition.

The property’s mix of pond, pasture, privacy, and acreage makes it suitable for several different rural lifestyles. It could function as a horse property, recreational retreat, country residence, or a starting point for a more developed homestead.

Above-Ground Pool and Attached Garage

In addition to the pond, the property includes an above-ground swimming pool. The seller has disclosed that the pool needs a new liner, so buyers should consider it a feature requiring repair rather than a ready-to-use amenity.

A professional evaluation of the pool structure, pump, filtration equipment, electrical connections, and surrounding area would help establish what is required to return it to service.

The house also includes an attached 2-car garage, providing covered parking and additional storage. This is particularly useful on a rural property where owners may have tools, lawn equipment, outdoor gear, or other items requiring protected space.

Between the garage, pasture, pond, pool, and 10 acres, the property offers significantly more outdoor functionality than its asking price alone might suggest. The condition of each improvement, however, needs to be factored into the overall value.

Metal Roof and 2022 Improvements

The cabin has a metal roof, and the seller states that a new roof was installed in 2022. This is an important improvement for a home originally built in 1975.

The listing also reports that upstairs windows, gutters, and gutter guards were installed in 2022. Buyers should request documentation for these improvements and determine whether warranties remain transferable.

Insulated windows are identified among the home’s features. Since the listing specifically refers to upstairs windows being replaced, buyers should inspect the remaining windows separately to understand their age and condition.

Heating is listed as electric and “other,” while cooling consists of an attic fan, ceiling fans, and another unspecified system. The seller additionally states that the downstairs AC is not hooked up, so the entire HVAC arrangement should be evaluated before purchase.

Public Water, Septic and Rural Utilities

Unlike many country properties that depend entirely on a private well, this home is connected to public water. Electricity and water are listed as connected, while propane is leased.

Wastewater is handled by a septic tank. For a five-bedroom property, septic capacity and condition are particularly important, especially if a buyer plans to finish the proposed second bathroom upstairs.

The listing also identifies single-phase electrical service and phone availability. Buyers who work remotely should investigate local internet options and actual service speeds because high-speed internet is not specifically identified in the supplied property details.

Because this is a rural property, buyers should verify where utility lines, septic components, and other infrastructure are located across the parcel. Understanding these systems becomes especially important if future barns, fencing, additions, or other improvements are planned.

$51,000 Price Reduction and As-Is Condition

The property’s asking price was reduced by $51,000 on August 14, bringing it to $199,000. Based solely on the listed living area, that works out to approximately $95 per square foot.

That calculation does not include the separate value associated with 10 acres, pasture, pond, dock, fencing, attached garage, and other improvements. Comparable rural sales are therefore more useful than comparing this property only with conventional houses.

There are also important condition considerations. The seller is making no repairs and selling the property as-is, while the downstairs AC is currently not hooked up and the swimming pool requires a new liner.

The reduced asking price should therefore be considered alongside the cost of immediate repairs and future improvements. Buyers should obtain realistic estimates rather than assuming that the $51,000 reduction automatically makes the property inexpensive to own.

Due Diligence Before Buying

Because the house was built in 1975, buyers should arrange a comprehensive inspection covering the structure, foundation, metal roof, cedar exterior, plumbing, electrical system, fireplace, windows, heating and cooling equipment, and unfinished partial basement. The disconnected downstairs AC should be professionally diagnosed rather than simply assumed to need a minor repair.

The partial unfinished concrete basement should be carefully inspected for moisture, cracking, drainage problems, mold, structural movement, and signs of previous water intrusion. Exterior grading, gutters, gutter guards, and downspouts should also be checked to ensure water is being directed away from the house.

The septic system deserves particular attention because the property contains five bedrooms and has only one existing bathroom, with a second bathroom apparently planned upstairs. Buyers should verify the septic system’s permitted capacity, age, tank and drain-field condition, maintenance records, and whether it could accommodate any proposed plumbing changes.

Finally, buyers should verify permits for the 2022 roof and window improvements where applicable, inspect the pond and dock, confirm boundaries, check the fencing, and investigate any hidden repairs or unpermitted modifications. The future bathroom, laundry relocation, HVAC setup, pool, and any previous remodeling should all be reviewed before closing.

Final Thoughts

At $199,000, this Hamburg property offers a considerable amount of space for buyers specifically looking for rural Illinois real estate. The combination of 2,095 square feet, 5 bedrooms, and 10 acres is notable at this price point.

The stocked pond with dock, usable pasture, wire fencing, and suitability for horses make the land more functional than acreage that simply surrounds a house. The attached 2-car garage and above-ground pool add further utility.

The $51,000 price reduction and 2022 roof, windows, gutters, and gutter guards strengthen the proposition, but buyers should pay close attention to the as-is condition, disconnected downstairs AC, pool repair, unfinished basement, and single existing bathroom.

For buyers searching for an Illinois homestead, horse property, country cabin, farm, or secluded rural retreat under $200,000, 2998 Gresham Hollow Rd offers an interesting combination of acreage, water, pasture, privacy, and interior space.

If you need more info, contact the listing agent from the Zillow link below the photos.