Water Front Property on Lake Terramere * Walk-out Lower Level too * Welcome to your dream home on Lake Terramere! If you're searching for space and an unbeatable location in Arlington Heights, this is it. Nestled in the sought-after Lake Terramere community and just across from lively Terramere Park, this spacious 5 bedroom (the 5th bedroom in the basement is being used as an office) 3.1-bath home offers stunning lake views and a thoughtful layout perfect for everyday living and entertaining. Step into a bright and flowing floor plan featuring a chef-inspired eat-in kitchen with abundant prep space and storage. The cozy family room, anchored by a classic brick fireplace, overlooks a private yard with a shaded pergola and tiered patio-ideal for summer gatherings or a morning cup of coffee. The walk-out lower level includes an office and opens directly to the lake, blending work-from-home convenience with scenic tranquility. Upstairs, the enormous primary suite includes a luxury bathroom and a deluxe walk-in closet, while all bathrooms have been tastefully updated. With a full bath and bedroom on the lower level - plus the option to convert the current theater room back into a bedroom as it was originally - this home offers excellent potential for multigenerational living or flexible guest space. Enjoy nearby walking trails, top-rated schools, tennis and pickleball courts, the Buffalo Creek Preserve, and even a 9-hole golf course. Plus, take part in the optional new Terramere Neighborhood Association-hosting seasonal events, social gatherings, and food trucks right in your neighborhood. With easy access to the Metra and major highways, and just minutes from downtown Arlington Heights and Deer Park shopping and dining-this is lakeside suburban living at its best. UPDATES: 2023 Microwave * 2022 Furnace and Roof * 2019 Washer and Dryer * 2018 Basement * 2018 Appliances. Note: Real Estate Taxes show no exemptions but the seller has filed for Homestead Exemption.
Closed
$730,000
4116 N Terramere Ave, Arlington Heights, IL 60004
5beds
4,122sqft
Single Family Residence
Built in 1980
0.28 Acres Lot
$974,100 Zestimate®
$177/sqft
$5,194 Estimated rent
Home value
$974,100
$896,000 - $1.07M
$5,194/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Robin Chessick 773-326-6500,
Baird & Warner
Bought with:
Bill Dafnis, ABR,SFR
Keller Williams Thrive
Source: MRED as distributed by MLS GRID,MLS#: 12455555
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Recreation Room, Bedroom 5, Den, Foyer, Walk In Closet, Eating Area, Game Room
Primary bedroom
- Features: Flooring (Carpet), Window Treatments (All), Bathroom (Full)
- Level: Second
- Area: 247 Square Feet
- Dimensions: 19X13
Bedroom 2
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Second
- Area: 182 Square Feet
- Dimensions: 13X14
Bedroom 3
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Second
- Area: 168 Square Feet
- Dimensions: 14X12
Bedroom 4
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Second
- Area: 150 Square Feet
- Dimensions: 15X10
Bedroom 5
- Features: Flooring (Wood Laminate)
- Level: Basement
- Area: 120 Square Feet
- Dimensions: 12X10
Den
- Features: Flooring (Carpet)
- Level: Lower
- Area: 231 Square Feet
- Dimensions: 11X21
Dining room
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13X13
Eating area
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12X08
Family room
- Features: Flooring (Hardwood), Window Treatments (All)
- Level: Main
- Area: 247 Square Feet
- Dimensions: 19X13
Foyer
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 126 Square Feet
- Dimensions: 09X14
Game room
- Level: Basement
- Area: 315 Square Feet
- Dimensions: 15X21
Kitchen
- Features: Kitchen (Eating Area-Table Space), Flooring (Ceramic Tile)
- Level: Main
- Area: 140 Square Feet
- Dimensions: 10X14
Laundry
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 120 Square Feet
- Dimensions: 06X20
Living room
- Features: Flooring (Carpet), Window Treatments (All)
- Level: Main
- Area: 266 Square Feet
- Dimensions: 19X14
Recreation room
- Features: Flooring (Wood Laminate)
- Level: Basement
- Area: 240 Square Feet
- Dimensions: 20X12
Walk in closet
- Features: Flooring (Carpet)
- Level: Second
- Area: 48 Square Feet
- Dimensions: 06X08
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
- Laundry: Main Level
Features
- Sauna, Dry Bar, In-Law Floorplan
- Flooring: Hardwood
- Windows: Screens
- Basement: Finished,Exterior Entry,Full,Daylight
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Gas Starter, Family Room
Interior area
- Total structure area: 4,242
- Total interior livable area: 4,122 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Garage Door Opener, On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
- Patio & porch: Deck, Patio
- Exterior features: Outdoor Grill
- Has view: Yes
- View description: Water, Back of Property
- Has water view: Yes
- Water view: Water,Back of Property
- Waterfront features: Lake Front
Lot
- Size: 0.28 Acres
- Dimensions: 110 X 129 X 74 X 120
- Features: Landscaped, Water Rights
Details
- Parcel number: 03062070110000
- Special conditions: None
- Other equipment: TV-Cable, Sump Pump
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1980
Details
- Builder model: CUSTOM
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
- Subdivision: Terramere
HOA
- Services included: None
Location
- Region: Arlington Heights
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $620,010
- Annual tax amount: $19,430
- Date on market: 8/26/2025
- Listing terms: Conventional
- Ownership: Fee Simple
- Has irrigation water rights: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2025 | Sold | $730,000-2.7%$177/sqft |
Source:  MRED as distributed by MLS GRID #12455555 Report a problem | ||
| 9/11/2025 | Contingent | $750,000$182/sqft |
Source: MRED as distributed by MLS GRID #12455555 Report a problem | ||
| 8/26/2025 | Price change | $750,000-5.7%$182/sqft |
Source: MRED as distributed by MLS GRID #12455555 Report a problem | ||
| 7/23/2025 | Listed for sale | $795,000-4.2%$193/sqft |
Source: MRED as distributed by MLS GRID #12427589 Report a problem | ||
| 7/23/2025 | Listing removed | $830,000$201/sqft |
Source: MRED as distributed by MLS GRID #12392747 Report a problem | ||
| 7/9/2025 | Listed for sale | $830,000+46.9%$201/sqft |
Source: MRED as distributed by MLS GRID #12392747 Report a problem | ||
| 7/31/2018 | Sold | $565,000-5.8%$137/sqft |
Source: MRED as distributed by MLS GRID #09953378 Report a problem | ||
| 6/13/2018 | Pending sale | $599,900$146/sqft |
Source: Coldwell Banker Residential Brokerage - Northwest #09953378 Report a problem | ||
| 5/12/2018 | Price change | $599,900-4%$146/sqft |
Source: Coldwell Banker Residential Brokerage - Northwest #09953378 Report a problem | ||
| 4/13/2018 | Listed for sale | $624,900$152/sqft |
Source: Coldwell Banker Residential Brokerage #09914786 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $62,001 +0% |
| 2023 | $19,430 +4.9% | $61,999 |
| 2022 | $18,518 +8.5% | $61,999 +25.6% |
| 2021 | $17,075 +2.7% | $49,359 |
| 2020 | $16,620 +0% | $49,359 -9.5% |
| 2019 | $16,618 +9.8% | $54,541 +22.6% |
| 2018 | $15,131 +18% | $44,488 |
| 2017 | $12,824 -5% | $44,488 -2.7% |
| 2016 | $13,494 +0.9% | $45,719 +8.8% |
| 2015 | $13,374 +1.3% | $42,034 |
| 2014 | $13,197 +7.7% | $42,034 |
| 2013 | $12,251 +9.4% | $42,034 +2.7% |
| 2012 | $11,194 +3.1% | $40,927 |
| 2011 | $10,856 -7.6% | $40,927 -16.3% |
| 2010 | $11,754 +5.3% | $48,898 -3.6% |
| 2009 | $11,158 +13% | $50,702 -7% |
| 2008 | $9,874 +0.3% | $54,518 -6.5% |
| 2007 | $9,845 +13% | $58,296 +42.9% |
| 2006 | $8,713 +9.7% | $40,808 |
| 2005 | $7,946 +0% | $40,808 -11.6% |
| 2004 | $7,946 +6% | $46,186 +25.6% |
| 2003 | $7,499 +5.5% | $36,783 |
| 2002 | $7,106 +23.7% | $36,783 |
| 2001 | $5,743 +1.4% | $36,783 +21.2% |
| 2000 | $5,666 +1.4% | $30,337 |
| 1999 | $5,587 | $30,337 |
Find assessor info on the county website
Neighborhood: 60004
Nearby homes
- $664,8003 bd2 ba2.4k sqft4112 N Terramere Ave, Arlington Heights, IL 60004Off Market
- $826,4005 bd2 ba3.2k sqft4120 N Terramere Ave, Arlington Heights, IL 60004Off Market
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- $670,0005 bd3 ba3.4k sqft4127 N Terramere Ave, Arlington Heights, IL 60004Sold
Nearby schools
GreatSchools rating
- 7/10Henry W Longfellow Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Cooper Middle SchoolGrades: 6-8Distance: 0.5 mi
- 9/10Buffalo Grove High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Henry W Longfellow Elementary Sc
- Middle: Cooper Middle School
- High: Buffalo Grove High School
- District: 21
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$974,100
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Estimated market value
$974,100
- Illinois
- Cook County
- Arlington Heights
- 60004
- 4116 N Terramere Ave
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