See Home Value
Hoffman Estates 60169
940 Gannon Drive
$441,000 - $537,000
House - Off Market

940 Gannon Drive

Hoffman Estates, IL 60169
bedrooms
4 Beds
bathrooms
3.5 Baths, 1 Half Bath
square feet
2700 Sqft
Sold Mar 15, 2024
$475,500
$380,400 by Nexbank
Mortgage Due Apr 01, 2054
Sold Mar 10, 1994
$172,666
$233,100 by Norwest Mtg
Mortgage Due Apr 01, 2024

About This Property

Welcome home to your four-bedroom, 3 1/2 bath SFH nestled in the desirable Chestnut Ridge subdivision of Hoffman Estates, Illinois. With top-quality construction and great bones, this residence offers charm and comfort at every turn. As you step inside, you'll be captivated by the warm ambiance and with a little bit of love has the potential to transform into a modern palace. The spacious living area boasts not one but two fireplaces, perfect for cozy evenings and entertaining guests.  The master suite is your private oasis, featuring a step-up Jacuzzi tub for relaxation and two generous walk-in closets for all your storage needs. With a total of four bedrooms, there's plenty of space for family and guests. Enjoy the beauty of the outdoors from your large deck and balcony over looking Chestnut Lake, providing the perfect spots to unwind and relish the serene surroundings offering a tranquil retreat for those who appreciate nature's beauty. Don't miss this opportunity to own a piece of paradise in Hoffman Estates!

The manager has listed the unit size as 2700 square feet.
Unit Size
2,700Ft²
Days on Market
-
Land Size
-
Price per sqft
$181
Property Type
House
Property Taxes
$887
HOA Dues
-
Year Built
1984

Price History

Date / Event Date Event Price
Mar 14, 2024 No longer available -
No longer available
Jan 23, 2024 In contract -
In contract
Jan 12, 2024 Relisted $489,900
Relisted
Jan 3, 2024 In contract -
In contract
Nov 15, 2023 Price Decreased $499,900
↓ $25K (4.8%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,343
  • Total Building Area: 2,688
  • Gross Building Area: 2,688
  • Building Area: 2,688
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,688
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: URE ADD TO HOFFMAN ESTATE
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (URE) ADD TO (HOFFMAN) (ESTATE) BEING SUB OF SW NW SE C16 & SE NE SEC17 SW NW SEC 16-41-10

Ownership

  • Current Owner : THAKKAR HEERAL
  • Current Owner 2: THAKKAR PRAFUL
  • Previous Owner : TERRY JAMES E
  • Previous Owner 2: TERRY KARLA D
  • Owner Before Previous Owner: FIRST NATIONAL BANK OF HOFFMAN ESTATES
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804716

Geography

  • District: 35
  • Parcel: 07-16-112-002-0000
  • Block: 5
  • Lot: 11
  • Meridian: SEC 16 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0433
  • Longitude: -88.109

    Address

  • Full Address: 940 Gannon Dr
  • Address - House Number: 940
  • Address - Street Name: Gannon
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C028
  • 4-Digit Zip Code: 2318
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,645
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 470,385
  • High Value: 517,945
  • Low Value: 422,826

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,400
  • First Open Lien Mortgage Lender: NEXBANK
  • First Open Lien Mortgage Recording Date: Mar 15, 2024
  • First Open Lien Mortgage Loan Amount: $380,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Market Valuation

  • Market Total Value: $420,000
  • Market Land Value: $73,430
  • Market Improvement Value: $346,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,000
  • Assessed Land Value: $7,343
  • Assessed Improvements Value: $34,657

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Transaction ID: 11922657111
  • Current Sale Price: $475,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20142
  • Previous Sale Recording Date: Mar 10, 1994
  • Previous Sale Contract Date: Mar 04, 1994
  • Previous Sale Amount: $172,666
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEXBANK
  • First Mortgage Transaction Date: Mar 15, 2024
  • First Mortgage Loan Amount: $380,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: NORWEST MTG
  • Previous Mortgage Transaction Date: Mar 10, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $233,100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 01, 2024



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2.5 Baths
2,248 ft²
$200/ft²
$448,900 Dec 2, 2023
-
$585/mo
House
3 Beds
3 Baths
1,802 ft²
$225/ft²
$405,000 Sep 2, 2023
-
$395/mo

About Hoffman Estates


Similar Homes for Sale

Unit for sale at 1210 John Drive, Hoffman Estates, IL 60169

$405,000

  • 3 Beds
  • 3 Baths
  • 1,802 ft²
1210 John Drive, Hoffman Estates, IL 60169 Listing by Anna Farkas

Nearby Rentals

Unit for rent at 836 Linden Circle, Schaumburg, IL, 60169

$3,300 /mo

  • 4 Beds
  • 3 Baths
836 Linden Circle, Schaumburg, IL, 60169 Listing by Daniel Nierman


Frequently Asked Questions

When was property at 940 Gannon Drive built and last sold?
The property at 940 Gannon Drive was built in 1984 and last sold on Mar 1, 2024 for $475,500.
How much is this home worth?
The estimated value of the home located at 940 Gannon Drive is $510,553.
What are some comparable homes to 940 Gannon Drive?
Homes that are comparable to 940 Gannon Drive include a house property at 1210 John Drive, 508 Allonby Drive, which are both great to check out.

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