NOT LISTED FOR SALE
35.7 Acres
-- Price per Acre
1,555,092 Sq Ft Lot

Last Sold July 21, 2023

Last sale price $1,650,000

1,030 Days on Market

About This Lot

As of July 2023

BANK ORDERS SALE Near the corner of Golf Rd. (Route 58) and Berner Dr., this 35.7 acre site is ready for development. This potential subdivision is zoned R-3, creating the opportunity to develop approximately 75 homes each with a lot of at least 10,000 square feet. Under the current zoning, each house has a maximum floor area ratio of 0.35. The average selling price for homes in the area is more than $375,000. Although this site is close to the border with Elgin, it is fully located in Hoffman Estates. This area has seen a significant amount of residential development since 2000, with more than 1,500 residents moving to the area.

Last Agent to Sell the Property

Daniel Hyman

Millennium Properties RE, Inc. License #471013658 Listed on: 03/26/2019

Last Buyer's Agent

Daniel Hyman

Millennium Properties RE, Inc. License #471013658 Listed on: 03/26/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $68,797

Lot Details

  • 35.7 Acre Lot
  • Property fronts a state road
  • Additional Parcels
  • Property is zoned PUD

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$68,797

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Development
  • Road Surface Type: Asphalt
  • General Information: School Bus Service
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 744
  • Frontage Type: City Street, State Road
  • List Price: 2650000
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water Nearby

Schools

  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels Description: 06084000120000,06083000600000,06083000610000
  • Additional Parcels: Yes
  • Lot Size Acres: 35.7
  • Lot Dimensions: 1555092
  • Zoning: PUD
  • Lot Size: 25.0-99.99 Acres
  • Special Assessments: N
  • Total Listed Lots Avail: 75

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 68797
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2004
Sold by
Harris Trust & Savings Bank
Bought by
Ahlgrim Schaumburg Enterprises Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ahlgrim Schaumburg Enterprises Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ahlgrim Enterprises Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $1,650,000 -37.7% --
04/08/2022 04/08/22 For Sale $2,650,000 0.0% --
01/19/2022 01/19/22 Pending -- -- --
03/26/2019 03/26/19 For Sale $2,650,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $45,612 $162,829 $63,329 $99,500
2023 $44,231 $162,829 $63,329 $99,500
2022 $44,231 $162,829 $63,329 $99,500
2021 $47,207 $155,750 $58,051 $97,699
2020 $46,394 $155,750 $58,051 $97,699
2019 $46,907 $175,000 $58,051 $116,949
2018 $52,581 $175,202 $47,496 $127,706
2017 $51,751 $175,202 $47,496 $127,706
2016 $48,396 $175,202 $47,496 $127,706
2015 $50,110 $167,500 $42,219 $125,281
2014 $54,094 $182,820 $42,219 $140,601
2013 $52,708 $182,820 $42,219 $140,601
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10320836

Midwest Real Estate Data (MRED)

APN: 07-10-300-063-0000