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Buffalo Grove 60089
271 Terrace Place
$580,000
● House - Off Market

271 Terrace Place

Buffalo Grove, IL 60089
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,446 Ft²
$3,754
Est. Monthly
5.52%
Cap Rate

About This Property

Welcome home to this beautifully maintained property nestled in the sought-after Strathmore neighborhood of Buffalo Grove! Set on a fenced lot just under 1/4 acre, this spacious home offers the perfect blend of classic charm and modern updates.  Step through the welcoming foyer into bright, formal Living and Dining Rooms ideal for entertaining and a fireplace in the Family Room. The updated eat-in Kitchen features stainless steel appliances and Quartz countertops, with sliding doors opening to a brick paver patio and generous backyard - perfect for outdoor living.  Upstairs, you'll find four bedrooms, including a spacious Primary Suite complete with an attached full bath and walk-in closet. Gleaming hardwood floors flow throughout, complemented by newer windows - including brand new windows in the primary bedroom.  A standout addition houses a large Recreation Room that connects seamlessly to the attached 2.5-car garage, providing exceptional flexibility for everyday living.  2024 Brand new roof!
Unit Size
2,446 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$225
Property Type
House
Property Taxes
$1,053
HOA Dues
-
Year Built
1969

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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,172
  • Total Building Area: 2,446
  • Gross Building Area: 2,446
  • Building Area: 2,446
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,446
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STRATHMORE IN BUFFALO GROVE UN
  • Land Acres: 0000000211
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: L117 STRATHMORE IN BUFFALO GROVE UN IT 1 S5 & S6 T42N R11E

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803010

Geography

  • District: 38
  • Parcel: 03-05-109-015-0000
  • Lot: 117
  • Meridian: SEC 05 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1491
  • Longitude: -87.9804

    Address

  • Full Address: 271 Terrace Pl
  • Address - House Number: 271
  • Address - Street Name: Terrace
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C056
  • 4-Digit Zip Code: 1918
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,064,764
  • Tax Rate Code Area: 38077

    Appraisal Valuation

  • Standard Deviation: 0.2158
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 492,929
  • High Value: 599,348
  • Low Value: 386,510

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $82,550
  • Market Improvement Value: $297,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $8,255
  • Assessed Improvements Value: $29,745

    Sales

  • Current Sale Contract Date: Nov 06, 2023
  • Current Sale Recording Date: Nov 20, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6365
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Buffalo Grove


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 750 Dunhill Drive, Buffalo Grove, IL, 60089

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 2,518 ft²
750 Dunhill Drive, Buffalo Grove, IL, 60089 Listing by Vijay Ghuge


Frequently Asked Questions

When was property at 271 Terrace Place built and last sold?
The property at 271 Terrace Place was built in 1969 and last sold on Nov 6, 2023 for $474,000.
How much is this home worth?
The estimated value of the home located at 271 Terrace Place is $558,514.
What are some comparable homes to 271 Terrace Place?
There are currently no comparable homes to 271 Terrace Place.