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$440,000 Just Listed
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Property Description
Discover the potential in this spacious 4-bedroom, 2.5-bath home in the heart of Oswego, offering generous living spaces, a functional floor plan, and several major recent updates. A welcoming two-story foyer sets the tone as you enter, while large windows throughout fill the home with an abundance of natural light. The thoughtfully designed layout provides plenty of space for everyday living, entertaining, and working from home. Fresh interior paint and brand-new carpeting create a clean, neutral foundation, while still offering the next owner the opportunity to add their own style and personal touches. The partially finished basement adds valuable additional living space and features a dry bar-perfect for a recreation room, home office, fitness area, playroom, or game-day gatherings. Step outside to a generously sized backyard offering endless possibilities for outdoor entertaining, gardening, play, or simply relaxing and enjoying the outdoors. Major recent improvements add even more value, including a brand-new roof (August 2026), new water heater (July 2026), new air conditioner, and whole-home interior paint (Spring 2026), plus new carpet (summer 2026). Conveniently located near parks, walking trails, shopping, dining, and Oswego-area schools, this home offers the ideal combination of space, location, recent improvements, and opportunity. Whether you're looking for room to grow or a home you can personalize over time, this property is ready for its next chapter.
Full Property Details
Full Property Details for 418 Terrace Ln
General
- Price: $440,000
- HOA FEE: $24/month
- HOA FEE FREQ.: Annually
- Taxes: $8,716 (2025)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12707891
Interior
- Basement: Finished, P
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Location
- Area: Oswego
- County: Kendall
- Township: Oswego
- Driving Directions: Home is on Terrace Lane
School Information
- School District: 308
- Elem School District: 308
- Midd School District: 308
- High School District: 308
- Elementary School: Prairie Point Elementary School
- Middle School: Traughber Junior High School
- High School: Oswego High School
- Private School: Oswego High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Partial
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Square Feet: 2,245
- Sq. Ft. Source: Assessor
- Year Built: 2001
Lot Features
- Lot Size (Acres): 0.255
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 75 x 145
- Lot Features: Landscaped
Financial Considerations
- Association Fee: $285
- Assoc Fee Freq.: Annually
- Parking Included: Yes
- Assessment Year: 2001
- Tax Amount: $8,716
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 319403023
Listed by Keller Williams Infinity
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Schools
Schools serving 418 Terrace Ln
School District:Oswego Community Unit School District 308
| Name | Grades | Distance |
|---|---|---|
Prairie Point Elementary School 3650 Grove Road, Oswego, IL 60543 | K-5 | 0.8 mi |
Traughber Jr High School 570 Colchester Drive, Oswego, IL 60543 | 6-8 | 1.6 mi |
Oswego High School 4250 State Route 71, Oswego, IL 60543 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 418 Terrace Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,904
—
$121,308
4%
2024
$8,904
5%
$116,643
13%
2023
$8,516
100%
$103,224
9%
2022
-100%
$94,701
10%
2021
$7,495
4%
$86,092
5%
2020
$7,182
-5%
$81,992
-3%
2019
$7,552
3%
$84,658
9%
2017
$7,337
4%
$77,558
5%
2016
$7,022
-7%
$73,515
-10%
2018
$7,553
6%
$81,550
14%
2015
$7,131
1%
$71,374
6%
2014
$7,090
1%
$67,334
-1%
2013
$7,041
3%
$68,014
-4%
2012
$6,852
—
$70,848
—
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 418 Terrace Ln
418 Terrace Lane, Oswego, IL 60543 (MLS# 12707891) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 418 Terrace Lane is currently listed for $440,000 and was received on August 20, 2026. Want to learn more about 418 Terrace Lane? Do you have questions about finding other Single Family real estate for sale in Oswego? You can browse all Oswego real estate or contact a Coldwell Banker agent to request more information.

