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  • $480,000

    703 Berkshire Ln, Schaumburg, IL 60193

    4beds
    1,141sqft
    Single Family Residence
    Built in 1971
    8,755 Square Feet Lot
    $525,800 Zestimate®
    $421/sqft
    $3,236 Estimated rent

    Home value

    $525,800

    $500,000 - $552,000

    $3,236/mo

    Zestimate® history
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    What's special

    Modern finishesFinished basementDesigner tile workSmart functionalityFourth bedroomMature landscapingGenerously sized bedrooms
    A 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Slawek Rachmaciej 847-903-2924,

    Exit Realty Redefined

    Bought with:

    Cris Sallmen, ABR,CRS,SRES

    Berkshire Hathaway HomeServices Chicago

    Source: MRED as distributed by MLS GRID,MLS#: 12377062MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Office
    Primary bedroom
    • Features: Flooring (Hardwood), Window Treatments (All), Bathroom (Half)
    • Level: Main
    • Area: 132 Square Feet
    • Dimensions: 12X11
    Bedroom 2
    • Features: Flooring (Hardwood), Window Treatments (All)
    • Level: Main
    • Area: 130 Square Feet
    • Dimensions: 13X10
    Bedroom 3
    • Features: Flooring (Hardwood), Window Treatments (All)
    • Level: Main
    • Area: 110 Square Feet
    • Dimensions: 11X10
    Bedroom 4
    • Features: Flooring (Carpet)
    • Level: Basement
    • Area: 180 Square Feet
    • Dimensions: 12X15
    Kitchen
    • Features: Kitchen (Eating Area-Table Space, Custom Cabinetry, Granite Counters, Updated Kitchen), Flooring (Wood Laminate), Window Treatments (All)
    • Level: Main
    • Area: 90 Square Feet
    • Dimensions: 10X9
    Laundry
    • Features: Flooring (Ceramic Tile)
    • Level: Basement
    • Area: 132 Square Feet
    • Dimensions: 12X11
    Living room
    • Features: Flooring (Hardwood), Window Treatments (All)
    • Level: Main
    • Area: 252 Square Feet
    • Dimensions: 21X12
    Office
    • Features: Flooring (Carpet)
    • Level: Basement
    • Area: 80 Square Feet
    • Dimensions: 10X8
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Humidifier
    • Laundry: Gas Dryer Hookup, In Unit, Sink
    Features
    • 1st Floor Bedroom, 1st Floor Full Bath
    • Flooring: Hardwood
    • Windows: Screens
    • Basement: Finished,Storage Space,Full
    • Attic: Unfinished
    Interior area
    • Total structure area: 2,282
    • Total interior livable area: 1,141 sqft

    Property

    Parking
    • Total spaces: 2.5
    • Parking features: Brick Driveway, Garage Door Opener, On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2.5
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: No Disability Access
    Features
    • Stories: 1
    • Patio & porch: Roof Deck, Deck, Patio
    • Fencing: Fenced
    Lot
    • Size: 8,755 Square Feet
    • Dimensions: 73X127X62X126
    • Features: Landscaped
    Details
    • Additional structures: Shed(s)
    • Parcel number: 07261120210000
    • Special conditions: None
    • Other equipment: Ceiling Fan(s), Sump Pump

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1971
    Details
    • Builder model: BARRETT

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer, Storm Sewer
    • Water: Lake Michigan

    Community & HOA

    Community
    • Features: Park, Pool, Curbs, Sidewalks, Street Lights, Street Paved
    • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s)
    • Subdivision: Lancer Park
    HOA
    • Services included: None
    Location
    • Region: Schaumburg

    Financial & listing details

    • Price per square foot: $421/sqft
    • Tax assessed value: $340,000
    • Annual tax amount: $8,595
    • Date on market: 5/29/2025
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/16/2025Sold$480,000+5.5%$421/sqft
    Source: MRED as distributed by MLS GRID #12377062 Report a problem
    6/9/2025Contingent$455,000$399/sqft
    Source: MRED as distributed by MLS GRID #12377062 Report a problem
    5/29/2025Listed for sale$455,000+106.8%$399/sqft
    Source: MRED as distributed by MLS GRID #12377062 Report a problem
    3/20/2017Sold$220,000+2.4%$193/sqft
    Source: MRED as distributed by MLS GRID #09505429 Report a problem
    2/21/2017Pending sale$214,900$188/sqft
    Source: RE/MAX Suburban #09505429 Report a problem
    2/16/2017Listed for sale$214,900$188/sqft
    Source: RE/MAX Suburban #09505429 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$8,935 +3.9%$34,000 +0%
    2023$8,595 +3.5%$33,999
    2022$8,306 +43.4%$33,999 +51.5%
    2021$5,791 -4.1%$22,438 -4%
    2020$6,041 -0.1%$23,382 -10%
    2019$6,044 +8.5%$25,980 +18.1%
    2018$5,572 -14.3%$22,000
    2017$6,498 +18.9%$22,000 -17.2%
    2016$5,464 -12.1%$26,567 +5.1%
    2015$6,217 -7.5%$25,277
    2014$6,719 +2.9%$25,277
    2013$6,529 +1.7%$25,277 -5.7%
    2012$6,418 +2.8%$26,795
    2011$6,242 +6.3%$26,795
    2010$5,870 -0.9%$26,795 -15.7%
    2009$5,921 +31.1%$31,776 -4%
    2008$4,516 +14.4%$33,102
    2007$3,946 -7.9%$33,102 +28.5%
    2006$4,283 +9.1%$25,758
    2005$3,925 +4.6%$25,758
    2004$3,752 +5.7%$25,758 +22.1%
    2003$3,550 +4.8%$21,101
    2002$3,387 +23.6%$21,101
    2001$2,741 +2.2%$21,101 +23.4%
    2000$2,682 $17,106
    1999$2,682 $17,106
    Find assessor info on the county website

    Neighborhood: 60193

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Michael Collins Elementary Schoo
    • Middle: Robert Frost Junior High School
    • High: J B Conant High School
    • District: 54

    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
    $525,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $525,800