
703 Berkshire Ln Schaumburg, IL 60193
East Schaumburg NeighborhoodHighlights
- Rooftop Deck
- Landscaped Professionally
- Ranch Style House
- Michael Collins Elementary School Rated A-
- Property is near a park
- 4-minute walk to Apollo Park
About This Home
As of June 2025A Masterfully Renovated Brick Ranch in Prestigious Lancer Park Nestled on a quiet, lined street in the esteemed Lancer Park community, this exceptional all-brick ranch residence at 703 Berkshire Lane is the epitome of timeless sophistication, modern comfort, and functional design. Thoughtfully reimagined with luxurious updates throughout, this home stands as a testament to meticulous craftsmanship, stylish finishes, and a premier Schaumburg location. Set on a beautifully landscaped, fenced-in lot with a private front gate, this residence boasts exceptional curb appeal. A widened concrete driveway provides parking for up to four additional vehicles, leading to an oversized 2.5-car detached garage equipped with an automatic opener, transmitters, and an 8'x20' storage shed- ideal for hobbyists, storage, or a workshop. Step inside and be welcomed by cathedral ceilings, rich hardwood flooring, and an airy, light-filled interior punctuated by three skylights and expansive new Argon-filled, Low-E windows. The entire home has been freshly painted and appointed with LED recessed lighting and elegant crown molding, establishing a bright and refined atmosphere. At the heart of the home lies a truly impressive chef's kitchen, featuring 42-inch custom cabinetry with crown molding, stunning granite countertops, a stylish tile backsplash, newer stainless steel appliances, and a large skylight that bathes the space in natural light. Seamlessly connected to the dining area, this space opens to an expansive 16'x27' covered deck with decorative LED lighting and additional storage access, providing the perfect setting for indoor-outdoor living and year-round entertaining. The spacious living room is designed for both comfort and style, highlighted by newer windows with tranquil views and a built-in stereo system, creating the ultimate ambiance for gatherings or relaxed evenings at home. The main level offers three generously sized bedrooms, including a serene primary suite complete with hardwood flooring, ample closet space, and a beautifully updated private ensuite powder room with decorative tile and modern fixtures. The main full bathroom is equally luxurious, boasting designer tile work, a square rain shower with hand sprayer, Grohe shower and sink valves, and sophisticated LED lighting, including a remote decorative light feature. The Finished Basement expands the home's livability with a spacious recreation room, cozy carpeted flooring, and recessed LED lighting throughout. A fourth bedroom offers privacy and comfort, while a full designer bathroom includes a square rain shower, body sprayers, hand shower, and Grohe valves, elevating everyday routines. Additional highlights include a private office, elevator-style pull-down storage system, newer awning windows, and a generous laundry room featuring a newer washer and dryer, utility sink, and smart under-stair storage. Newer house roofing and AC compressor.Newer flooring on the main level.Through-the-house LED lighting system.Fully fenced backyard oasis with mature landscaping and concrete patio.Modern finishes and smart functionality throughout. Positioned in Schaumburg's tranquil East End, this home offers unparalleled access to beloved local amenities and cultural highlights. Enjoy annual favorites like Septemberfest, the Schaumburg Art Fair, and Summer Breeze Concerts at the Prairie Center for the Arts. Minutes away are scenic destinations such as Volkening Lake, Spring Valley Nature Sanctuary, Bison's Bluff Playground, and the acclaimed Schaumburg Township Library. Families will appreciate inclusion in top-rated District 211 schools, including Michael Collins Elementary, Robert Frost Junior High, and J.B. Conant High School. Conveniently located near major expressways, the Metra, Woodfield Mall, shopping, and dining, this home offers the very best of suburban living. This house is not just a residence but a lifestyle of elegance, ease, and enduring value. Welcome home.
Last Agent to Sell the Property
Exit Realty Redefined License #475178105 Listed on: 05/29/2025

Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,595
Year Built
- Built in 1971
Lot Details
- 8,756 Sq Ft Lot
- Lot Dimensions are 73x127x62x126
- Fenced
- Landscaped Professionally
- Paved or Partially Paved Lot
Parking
- 2.5 Car Garage
- Parking Included in Price
Home Design
- Ranch Style House
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,141 Sq Ft Home
- Ceiling Fan
- Skylights
- Window Screens
- Family Room
- Living Room
- Combination Kitchen and Dining Room
- Home Office
- Unfinished Attic
Kitchen
- Range
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Potential Bedrooms
- Bathroom on Main Level
- Soaking Tub
- European Shower
Laundry
- Laundry Room
- Dryer
- Washer
- Sink Near Laundry
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Finished Basement Bathroom
Home Security
- Video Cameras
- Carbon Monoxide Detectors
Outdoor Features
- Rooftop Deck
- Patio
- Shed
Location
- Property is near a park
Schools
- Michael Collins Elementary Schoo
- Robert Frost Junior High School
- J B Conant High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- 100 Amp Service
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Lancer Park Subdivision, Barrett Floorplan
Recreation
- Community Pool
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | $480,000 | Saturn Title | |
Deed | $220,000 | Chicago Title Land Trust Com | |
Deed | -- | Chicago Title Land Trust Co |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/16/2025 06/16/25 | Sold | $480,000 | +5.5% | $421 / Sq Ft |
06/09/2025 06/09/25 | Pending | -- | -- | -- |
05/29/2025 05/29/25 | For Sale | $455,000 | -- | $399 / Sq Ft |
Tax History Compared to Growth
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 | $8,595 | $34,000 | $7,443 | $26,557 |
2023 | $8,306 | $34,000 | $7,443 | $26,557 |
2022 | $8,306 | $34,000 | $7,443 | $26,557 |
2021 | $5,791 | $22,438 | $5,034 | $17,404 |
2020 | $6,041 | $23,382 | $5,034 | $18,348 |
2019 | $6,044 | $25,980 | $5,034 | $20,946 |
2018 | $5,572 | $22,000 | $4,159 | $17,841 |
2017 | $6,498 | $22,000 | $4,159 | $17,841 |
2016 | $5,464 | $26,567 | $4,159 | $22,408 |
2015 | $6,217 | $25,277 | $3,502 | $21,775 |
2014 | $6,719 | $25,277 | $3,502 | $21,775 |
2013 | $6,529 | $25,277 | $3,502 | $21,775 |
Agents Affiliated with this Home
-
Seller's Agent in 2025
Slawomir Rachmaciej
Exit Realty Redefined
(847) 903-2924
4 in this area
241 Total Sales
-
Buyer's Agent in 2025
Cris Sallmen
Berkshire Hathaway HomeServices Chicago
(847) 650-5352
9 in this area
138 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12377062

APN: 07-26-112-021-0000
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