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$264,999
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Property Description
Welcome to Cambridge on the Lake! Come experience Country Club Style living here. This Chateau model is ready for you to make it your own, just use your imagination to update the paint and floors, everything else has been done for you! Close to the Elevator. Storage on the same floor. 1 Garage space in the heated garage! Unit features large foyer entry. Recently updated white kitchen with eating area just shines and features new microwave and quartz counter tops. Oversized living room plus separate dining room. Spacious master bedroom suite with ample closets, including walk in area and extra double door closets and updated private bathroom. Good sized 2nd bedroom also with double door closets. Large updated hall bath with walk in shower and in unit washer dryer hookup in the closet. Furnace and AC have also been recently updated. All the big ticket items have been done, just take care of the cosmetics! Beyond having such a great large unit at 1450 square feet, this wonderful complex has it all! This Clubhouse includes recently remodeled exercise room with newer equipment, indoor pool, hot tub, party room for up to 100 with full size kitchen, card room and billiard room! Walking paths surround the gorgeous pond giving you total relaxation! Washer and Dryer hook up in unit, however, complex also has coin operated laundry on the lobby level if you do not wish to connect it. Dogs allowed, pet weight/count limitation! No Rentals, FHA, or VA. Make this your new home! Come enjoy the ease of living at Cambridge on the Lake.
Full Property Details
Full Property Details for 225 Lake Blvd #531
General
- Price: $264,999
- HOA FEE: $567/month
- Taxes: $4,035 (2023)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12536263
- Updated: 1/1/2026
- Added to Site: 23 day(s) ago
Interior
- Basement: None
- Interior Features: Elevator, 1st-Floor Bedroom, 1st-Floor Bath, Storage
- Appliances: Range, Microwave, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom Features: Separate Shower
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Coin Laundry, Elevator(s), Storage, On-Site Manager/Engineer, Park, Party Room, Indoor Pool, Security Door Lock(s), Laundry, Patio, Private Laundry Hkup
- Equipment: Intercom, Ceiling Fan(s)
- Other Features: School Bus Service, Commuter Bus
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Asphalt, Garage Door Opener, Heated Garage, Yes, Garage Owned, Attached, Garage
Location
- Area: Buffalo Grove
- County: Cook
- Township: Wheeling
- Subdivision: Cambridge on the Lake
- Driving Directions: Dundee to Cambridge On the Lake (east of Buffalo Grove Rd.)
School Information
- School District: 21
- Elem School District: 21
- Midd School District: 21
- High School District: 214
- Elementary School: Booth Tarkington Elementary Scho
- Middle School: Jack London Middle School
- High School: Wheeling High School
- Private School: Wheeling High School
Community
- Assoc. Fees Include: Heat, Water, Gas, Parking, Insurance, Security, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- Pets Allowed: Yes
- Pets: Dogs OK
- Pet Restrictions: Dogs OK, / 25lbs.
- Mgmt. Company: Cambridge on the Lake
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Structure Type: Condo
- Model: CHATEAU
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Windows: Screens
- Entry Floor Number: 2
- Stories/Levels: 4
- Square Feet: 1,450
- Sq. Ft. Source: Builder
- Year Built: 1976
- Built Before 1978: Yes
- Remodeled/Updated: 2020
Unit Information
- Units in Building: 60
Manufactured Home
- Model: CHATEAU
Lot Features
- Lot Dimensions: COMMON
- Lot Features: Common Grounds, Landscaped
Animals
- Animals Allowed: Dogs OK
Water Features
- Water Front Desc.: Pond
Financial Considerations
- Association Fee: $567
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1976
- Tax Amount: $4,035
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Property ID: 3092000221031
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Schools
Schools serving 225 Lake Blvd #531
School Districts:Wheeling Community Consolidated School District 21, Township High School District 214
| Name | Grades | Distance |
|---|---|---|
Booth Tarkington Elementary School 310 Scott Street, Wheeling, IL 60090 | PK-5 | 0.4 mi |
Jack London Middle School 1001 West Dundee Road, Wheeling, IL 60090 | 6-8 | 0.7 mi |
Wheeling High School 900 South Elmhurst Road, Wheeling, IL 60090 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 225 Lake Blvd #531
Date
Details
Price
Change
Source
12/26/2025
Listed
$264,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 225 Lake Blvd #531
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,035
6%
$18,576
—
2022
$3,824
28%
$18,576
28%
2021
$2,996
-2%
$14,474
—
2020
$3,056
—
$14,474
-10%
2019
$3,063
52%
$16,065
33%
2018
$2,015
—
$12,034
—
2017
$2,014
-17%
$12,034
—
2016
$2,435
26%
$12,034
18%
2015
$1,925
—
$10,164
—
2014
$1,925
35%
$10,164
16%
2013
$1,430
-46%
$8,763
-35%
2012
$2,654
—
$13,411
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 225 Lake Blvd #531
225 Lake Boulevard #531, Buffalo Grove, IL 60089 (MLS# 12536263) is a Condo property with 2 bedrooms and 2 full bathrooms. 225 Lake Boulevard #531 is currently listed for $264,999 and was received on December 26, 2025. Want to learn more about 225 Lake Boulevard #531? Do you have questions about finding other Condo real estate for sale in Buffalo Grove? You can browse all Buffalo Grove real estate or contact a Coldwell Banker agent to request more information.

