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Oswego 60543
418 Terrace Lane
$425,000
● House - For Sale

418 Terrace Lane

Oswego, IL 60543
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,245 Ft²
$2,837
Est. Monthly
$24
HOA / Fees

About This Property

Discover the potential in this spacious 4-bedroom, 2.5-bath home in the heart of Oswego, offering generous living spaces, a functional floor plan, and several major recent updates. A welcoming two-story foyer sets the tone as you enter, while large windows throughout fill the home with an abundance of natural light.  The thoughtfully designed layout provides plenty of space for everyday living, entertaining, and working from home. Fresh interior paint and brand-new carpeting create a clean, neutral foundation, while still offering the next owner the opportunity to add their own style and personal touches. The partially finished basement adds valuable additional living space and features a dry bar-perfect for a recreation room, home office, fitness area, playroom, or game-day gatherings.  Step outside to a generously sized backyard offering endless possibilities for outdoor entertaining, gardening, play, or simply relaxing and enjoying the outdoors. Major recent improvements add even more value, including a brand-new roof (August 2026), new water heater (July 2026), new air conditioner, and whole-home interior paint (Spring 2026), plus new carpet (summer 2026).  Conveniently located near parks, walking trails, shopping, dining, and Oswego-area schools, this home offers the ideal combination of space, location, recent improvements, and opportunity. This home is ready for immediate occupancy plus has instant sweat equity to be made! Make it your own. Some photos are virtually staged to give you ideas of what you can do with the space.
Unit Size
2,245 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$189
Property Type
House
Property Taxes
$726
HOA Dues
$24
Year Built
-

Listed By

Maribel Lopez, CSC
Keller Williams Infinity

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Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Asphalt, Garage Door Opener, Garage, Attached, Yes
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Laundry Features: Main Level, In Unit
Rooms: 8
Basement: Finished, Partial
Exterior Details
Square Footage: 2245
Square Footage Source: $0
Year Built: 2001
Construction Materials: Vinyl Siding
Lot Features: Landscaped
Lot Size Area: 11107.8
Lot Size Units: Square Feet
Lot Size Acres: 0.255
Lot Size Square Feet: 11107.8
Lot Size Dimensions: 75 x 145
Water Source: Public
Financial Details
Tax Annual Amount: $8,716
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA Fee: $285
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,190
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,103
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,190
  • Gross Building Area: 1,190
  • Building Area: 1,190
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,190
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARBOR GATE
  • Land Acres: 0000000255
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 161 ARBOR GATE UNIT 3 VILLAGE OF OSWEGO

Neighborhood

  • School District Name: Oswego Community Unit School District 308
  • Census Tract: 890108

Geography

  • Assessors Map Reference: 3263-B6
  • Parcel: 03-19-403-023
  • Lot: 161
  • Municipality: OSWEGO TOWNSHIP
  • Latitude: 41.6683
  • Longitude: -88.3606

    Address

  • Full Address: 418 Terrace Ln
  • Address - House Number: 418
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Oswego
  • Carrier Code: R005
  • 4-Digit Zip Code: 7522
  • Zip Code: 60543

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: OS008

    Appraisal Valuation

  • Standard Deviation: 0.1265
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 85
  • Final Value: 385,170
  • High Value: 433,903
  • Low Value: 336,437

    Market Valuation

  • Market Total Value: $284,103
  • Market Land Value: $62,370
  • Market Improvement Value: $221,733

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $94,701
  • Assessed Land Value: $20,790
  • Assessed Improvements Value: $73,911

    Sales

  • Current Sale Contract Date: May 25, 2001
  • Current Sale Recording Date: Jun 08, 2001
  • Current Sale Price:
  • Current Sale Document Type: 20
  • Current Sale Input Document Number: 200100010015
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 Oswego


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Frequently Asked Questions

When was property at 418 Terrace Lane built and last sold?
The property at 418 Terrace Lane was built in and last sold on May 25, 2001 for $191,500.
How much is this home worth?
The estimated value of the home located at 418 Terrace Lane is $430,265.
What are some comparable homes to 418 Terrace Lane?
There are currently no comparable homes to 418 Terrace Lane.