See Home Value
$576,000
● House - Off Market

881 Indian Spring Lane

Buffalo Grove, IL 60089
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,050 Ft²
$3,733
Est. Monthly
5.81%
Cap Rate

About This Property

This rarely available, sun-soaked Gramercy model home in Strathmore is freshly painted, scrubbed, and ready for its new owners. The stunningly updated kitchen sits at the rear of the home and overlooks the .2 acre+ landscaped property complete with a micro swing set and patio. The expansive rear yard is begging for summer days in the sunshine and nights around a bonfire with friends and family. The versatile floor plan of the home leaves multiple options for room usage - with a large family room, den, and dining room that can be interchangeable based on the needs of future owners. A powder room and fully built out mud/laundry room with new cabinets and a laundry sink complete the first level - no more descending to a dark basement storage room to do your laundry!  A large two car garage filters you into the aforementioned fully loaded laundry/mudroom. Upstairs you will find 4 oversized bedrooms, including a large primary bedroom with a freshly updated en suite bathroom. A sunny hall bath shared by the secondary bedrooms and an over sized hall storage closet for linens, towels, cleaning supplies and more grace this level. Finally head down to the absolutely massive basement with two large finished rooms that could be used for billiards, movie nights, workout space, and more. The possibilities are endless. An oversized unfinished storage room presents the possibility for a 5th bedroom/office should someone want to make use of this abundant extra space. Pergo & luxury vinyl flow throughout for a low maintenance, high end look. Ivy Hall, Twin Groves, and award winning Stevenson High School. Move right in just in time to enjoy the soon-to-be warm weather in this massive yard.
Unit Size
3,050 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$179
Property Type
House
Property Taxes
$1,057
HOA Dues
-
Year Built
1972

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Last updated: 2 years ago (MRED MLS #12275374)

Price History

Date / Event Date Event Price
Mar 13, 2025 Sold
Sold
Mar 5, 2025 In contract -
In contract
Jan 22, 2025 Listed by Baird & Warner $545,000
Listed by Baird & Warner

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • 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: 9
  • Basement Area: 1,164
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,773
  • Total Building Area: 3,740
  • Gross Building Area: 3,740
  • Building Area: 2,136
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STRATHMORE IN BUFFALO GROVE UNIT 10
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: STRATHMORE IN BUFFALO GROVE UNIT 10 LOT 12 BLOCK 20

Neighborhood

  • School District Name: Kildeer Countryside Community Consolidated School District 96
  • Census Tract: 864516

Geography

  • Assessors Map Reference: 2701-B7
  • District: VERNON
  • Parcel: 15-29-308-046
  • Block: 20
  • Lot: 12
  • Municipality: TWP OF VERNON
  • Latitude: 42.1697
  • Longitude: -87.9797

    Address

  • Full Address: 881 Indian Spring Ln
  • Legal Unit: 10
  • Address - House Number: 881
  • Address - Street Name: Indian Spring
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C019
  • 4-Digit Zip Code: 1326
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,268,044
  • Tax Rate Code Area: 16094

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 519,088
  • High Value: 602,013
  • Low Value: 436,164

    Market Valuation

  • Market Total Value: $411,399
  • Market Land Value: $96,157
  • Market Improvement Value: $315,242

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,119
  • Assessed Land Value: $32,049
  • Assessed Improvements Value: $105,070

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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


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Frequently Asked Questions

When was property at 881 Indian Spring Lane built and last sold?
The property at 881 Indian Spring Lane was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 881 Indian Spring Lane is $559,842.
What are some comparable homes to 881 Indian Spring Lane?
There are currently no comparable homes to 881 Indian Spring Lane.