711 W Nichols Rd Arlington Heights, IL 60004
Terramere Neighborhood
4
Beds
2.5
Baths
2,532
Sq Ft
9,322
Sq Ft Lot
Highlights
- Colonial Architecture
- Community Lake
- Recreation Room
- Buffalo Grove High School Rated A+
- Property is near a park
- 5-minute walk to Lake Terramere Park
About This Home
As of February 2023Classic Arlington Heights Colonial with spacious finished basement is ready for you to call home. Entertain guests in the living room with gleaming hardwood floor that is open to the dining room for large gatherings. Enjoy daily meal prep in the cook's kitchen offering Cherry cabinets, granite counters, stainless steel appliance & an eating area with door to the patio & beautifully landscaped yard. A beautiful gas log fireplace is the focal point of the family room that also features a door to the patio and recessed lighting. 1st floor laundry room. Brand New carpet on the second floor & basement. The second level features a glorious primary suite with vaulted ceiling, walk-in & reach-in closet, and en-suite bath with soaking tub, double bowl vanity, and separate shower. Three additional bedrooms and a full bath complete this level. The finished basement offers valuable space with a recreation room, and large storage room. Located down the street from Nichol Knoll Park, golf course, and Payton Hill you will enjoy all the amenities of the area with easy access to lake Terramere, park, plus the newly finished Buffalo Creek Forest Preserve just across the street for relaxing walks on nature trails. Just a few blocks to all the award-winning schools and convenient to shopping, transportation, dining and highway 53.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,401
Year Built
- Built in 1984
Lot Details
- 9,322 Sq Ft Lot
- Lot Dimensions are 77 x 121
- Paved or Partially Paved Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Colonial Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,532 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Entrance Foyer
- Family Room with Fireplace
- Living Room
- Formal Dining Room
- Recreation Room
- Storage Room
- Wood Flooring
Kitchen
- Breakfast Bar
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Finished Basement
- Partial Basement
- Sump Pump
- Crawl Space
Outdoor Features
- Patio
- Porch
Location
- Property is near a park
Schools
- Henry W Longfellow Elementary Sc
- Cooper Middle School
- Buffalo Grove High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- Terramere Subdivision
- Community Lake
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 13, 2023
Closed on
Feb 13, 2023
Sold by
Marder Family Trust
Bought by
Khairnar Sunil Yashwant and Pawar Harshada Gajanan
Seller's Agent
David Schwabe
Compass
Buyer's Agent
Rutul Parekh
ARNI Realty Incorporated
List Price
$535,000
Sold Price
$525,000
Premium/Discount to List
-$10,000
-1.87%
Views
75
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.47%
Original Mortgage
$472,500
Outstanding Balance
$458,094
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$226,939
Purchase Details
Closed on
Feb 19, 2014
Sold by
Marder Stuart A and Marder Maxine
Bought by
Marder Family Trust
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $525,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $472,500 | New Conventional | |
| Previous Owner | $137,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $140,000 | New Conventional | |
| Previous Owner | $228,000 | Unknown | |
| Previous Owner | $35,000 | Unknown | |
| Previous Owner | $25,500 | Stand Alone Second | |
| Previous Owner | $221,250 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $639,900 | +21.9% | $270 / Sq Ft |
| 02/13/2023 02/13/23 | Sold | $525,000 | -1.9% | $207 / Sq Ft |
| 01/18/2023 01/18/23 | Pending | -- | -- | -- |
| 01/13/2023 01/13/23 | For Sale | $535,000 | -- | $211 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 | $13,486 | $49,000 | $11,655 | $37,345 |
| 2023 | $12,797 | $49,000 | $11,655 | $37,345 |
| 2022 | $12,797 | $49,000 | $11,655 | $37,345 |
| 2021 | $10,401 | $36,061 | $7,692 | $28,369 |
| 2020 | $11,344 | $39,274 | $7,692 | $31,582 |
| 2019 | $11,342 | $43,397 | $7,692 | $35,705 |
| 2018 | $10,692 | $37,621 | $6,759 | $30,862 |
| 2017 | $12,559 | $37,621 | $6,759 | $30,862 |
| 2016 | $13,405 | $42,939 | $6,759 | $36,180 |
| 2015 | $11,443 | $33,721 | $5,827 | $27,894 |
| 2014 | $11,832 | $35,383 | $5,827 | $29,556 |
| 2013 | $10,758 | $39,110 | $5,827 | $33,283 |
Source: Public Records
Agents Affiliated with this Home
-
Rutul Parekh
Seller's Agent in 2025
Rutul Parekh
ARNI Realty Incorporated
(847) 293-9190
1 in this area
481 Total Sales
-
David Schwabe
Seller's Agent in 2023
David Schwabe
Compass
(847) 636-6747
16 in this area
435 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11689600
APN: 03-06-201-039-0000
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