See Home Value
Schaumburg 60193
405 Forest Lane
$650,000
● House - Off Market

405 Forest Lane

Schaumburg, IL 60193
bedrooms
3 Beds
bathrooms
3 Baths
$4,001
Est. Monthly
3.31%
Cap Rate

About This Property

Welcome to this beautifully updated brick ranch with 3 bedrooms, 3 baths, a finished basement, and a heated 2-car garage, offering modern elegance and comfort. Step through the entryway into the large living room, featuring recessed lighting and crown molding. The open, remodeled kitchen is a chef's dream with custom cabinetry, granite countertops, a built-in microwave, upgraded appliances, and a bay window with additional storage. The dining area has been thoughtfully incorporated into this stylish kitchen layout, making entertaining a breeze. Enjoy oak floors in the expansive family room, complete with gas log fireplace, a French door that opens to an impressive patio with a fire pit and cozy seating area. The primary bedroom is a true retreat featuring bamboo floors, custom built-in bookcase with fireplace and TV, large closet and French door leading to the patio. The en suite bathroom is a spa-like haven, featuring heated floors, an air tub, a custom shower with body sprays, and an organized walk-in closet. Two additional bedrooms offer generous closets, while a hall bathroom boasts heated floors, a backlit mirror, and a custom shower. Completing the main floor, a convenient laundry room includes a washer, dryer, and utility sink. The finished basement offers flexibility, providing space for a home office, a second family room, a wet bar with a beverage refrigerator and seating for five, a play area, a full bath with shower, and ample storage. Situated near schools, shopping, dining, the library, parks, and expressways, this home combines luxury, functionality, and convenience. Don't miss this opportunity to make it yours!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$810
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #12199605)

Price History

Date / Event Date Event Price
Dec 2, 2024 Sold
Sold
Nov 5, 2024 In contract -
In contract
Oct 31, 2024 Listed by Coldwell Banker Realty $649,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 9,656
  • Total Building Area: 2,035
  • Gross Building Area: 2,035
  • Building Area: 2,035
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,035
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERCREST WOODS UNIT5
  • Land Acres: 0000000222
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (TIMBERCREST) (WOODS) (UNIT5) A SUB IN SE SEC21 & SW SEC 22-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804810

Geography

  • District: 35
  • Parcel: 07-21-406-020-0000
  • Lot: 323
  • Meridian: SEC 22 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0249
  • Longitude: -88.0899

    Address

  • Full Address: 405 Forest Ln
  • Legal Unit: 5
  • Address - House Number: 405
  • Address - Street Name: Forest
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Schaumburg
  • Carrier Code: C002
  • 4-Digit Zip Code: 1562
  • Zip Code: 60193

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $939,302
  • Tax Rate Code Area: 35011

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 467,642
  • High Value: 574,424
  • Low Value: 360,861

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $86,900
  • Market Improvement Value: $293,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $8,690
  • Assessed Improvements Value: $29,310

    Sales

  • Current Sale Contract Date: Feb 22, 2007
  • Current Sale Recording Date: Mar 06, 2007
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0706502107
  • Previous Sale Recording Date: Mar 06, 2007
  • Previous Sale Contract Date: Feb 22, 2007
  • Previous Sale Amount: $505,000
  • Previous Sale Document Type: 71
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 Schaumburg


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Frequently Asked Questions

When was property at 405 Forest Lane built and last sold?
The property at 405 Forest Lane was built in 1974 and last sold on Feb 22, 2007 for $505,000.
How much is this home worth?
The estimated value of the home located at 405 Forest Lane is $656,399.
What are some comparable homes to 405 Forest Lane?
There are currently no comparable homes to 405 Forest Lane.