See Home Value
$400,000
● House - Off Market

540 Newark Lane

Hoffman Estates, IL 60169
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,443 Ft²
$2,451
Est. Monthly

About This Property

Priced to sell!! Welcome to this beautifully updated 4 bedroom, 2 bath ranch in the heart of Hoffman Estates. Stylish and modern, this move in ready home offers effortless one level living with a spacious, thoughtfully designed layout. A fully furnished option is available-perfect for first time buyers, downsizers, or anyone seeking a contemporary, low maintenance lifestyle. Outdoor Living: The expansive yard is an entertainer's dream, featuring a large deck ideal for gatherings, pets, play, or gardening. Interior Highlights: Step inside to discover recessed lighting, engineered wood flooring, and an open, inviting flow throughout. The primary suite boasts its own private en suite bath for added comfort. Kitchen & Baths: The recently remodeled kitchen shines with new stainless steel appliances, a farmhouse sink, updated cabinetry, and fresh finishes. Both bathrooms have been tastefully upgraded with modern fixtures and stylish details.   Comfort & Convenience: Enjoy year round comfort with forced air heating and central AC, complemented by a well maintained roof and windows. A newer washer and dryer are also included for added ease.   Turnkey Appeal: This gem combines modern updates with everyday practicality, all in a fantastic neighborhood. Don't miss the chance to make it yours
Unit Size
1,443 Ft²
Days on Market
-
Land Size
-
Price per sqft
$277
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1959

Payment Calculator

Cap Rate Calculator

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • 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: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,010
  • Total Building Area: 1,443
  • Gross Building Area: 1,443
  • Building Area: 1,443
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,443
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOFFMAN ESTATES V
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804709

Geography

  • District: 35
  • Parcel: 07-21-207-016-0000
  • Block: 75
  • Lot: 4
  • Meridian: SEC 21 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0321
  • Longitude: -88.0928

    Address

  • Full Address: 540 Newark Ln
  • Address - House Number: 540
  • Address - Street Name: Newark
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C058
  • 4-Digit Zip Code: 3148
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $559,635
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 321,710
  • High Value: 394,956
  • Low Value: 248,465

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $60,060
  • Market Improvement Value: $189,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $6,006
  • Assessed Improvements Value: $18,994

    Sales

  • Current Sale Contract Date: Nov 16, 2023
  • Current Sale Recording Date: Nov 28, 2023
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 13189
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 Hoffman Estates


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 115 Princeton Street, Hoffman Estates, IL, 60169

$3,200 /mo

  • 4 Beds
  • 1 Bath
  • 1,515 ft²
115 Princeton Street, Hoffman Estates, IL, 60169 Listing by Arlyn Tratt
Unit for rent at 720 Hill Drive, Hoffman Estates, IL, 60192

$1,600 /mo

  • 2 Beds
  • 1 Bath
  • 950 ft²
720 Hill Drive #304, Hoffman Estates, IL, 60192 Listing by Suchi Bhagat
Unit for rent at 616 Grace Lane, Schaumburg, IL, 60193

$3,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,452 ft²
616 Grace Lane, Schaumburg, IL, 60193 Listing by Dorothy Zielinski


Frequently Asked Questions

When was property at 540 Newark Lane built and last sold?
The property at 540 Newark Lane was built in 1959 and last sold on Nov 16, 2023 for $310,000.
How much is this home worth?
The estimated value of the home located at 540 Newark Lane is $0.
What are some comparable homes to 540 Newark Lane?
There are currently no comparable homes to 540 Newark Lane.