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 $0.

What are some comparable homes to 940 Gannon Drive?

There are currently no comparable homes to 940 Gannon Drive.

Hoffman Estates

60169

940 Gannon Drive

$475,500

● House - Off Market

940 Gannon Drive

Hoffman Estates, IL 60169

4 Beds

4 Baths, 1 Half Bath

2,700 Ft²

$3,293

Est. Monthly

6.16%

Cap Rate

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!

Unit Size

2,700 Ft²

Days on Market

Land Size

Price per sqft

$181

Property Type

House

Property Taxes

$887

HOA Dues

Year Built

1984

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11917836)

Price History

Date / Event	Date	Event
Mar 12, 2024	Sold	Premium
Sold
Oct 27, 2023	Listed by Dream Town Real Estate	$489,900
Listed by Dream Town Real Estate

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: 6
Building Quality: 7
Construction Type: 6
Building Style: 60
Exterior Walls Type: 24
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 14
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 3
Basement Area: 0
Garage Type: 1
Parking Space Count: 2
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 7,343

Total Building Area: 2,688
Gross Building Area: 2,688
Building Area: 2,688
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 24
Heated Square Feet: 2,688
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: URE ADD TO HOFFMAN ESTATE
Land Acres: 0000000169
Standard Land Use Code: 1001
County Land Use Code: 2-78
Legal Description 1: (URE) ADD TO (HOFFMAN) (ESTATE) BEING SUB OF SW NW SE C16 & SE NE SEC17 SW NW SEC 16-41-10

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: $1,064,508
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:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

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 Price:

Premium
Current Sale Document Type: 71
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: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Hoffman Estates

Stats & Trends

Median Asking:

$409,900

Sale Price/ft²

$242

Below Asking

0.01%

Average Days on Market

Average Home Size

1602 ft²

Average Home Age

46.1 years

Currently For Sale

78 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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 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

Unit for rent at 508 Bristol Lane, Schaumburg, IL, 60194

$3,450 /mo

4 Beds
1 Bath
1,140 ft²

508 Bristol Lane, Schaumburg, IL, 60194 Listing by Omar Adil

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Joseph Tanzillo, Dream Town Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11917836

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

940 Gannon Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Hoffman Estates

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions