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$629,900 Just Listed
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Property Description
Exceptional opportunity to own a spacious and well-maintained home in a highly desirable Schaumburg location. This 4-bedroom, 3 full bathroom split-level home offers a versatile and functional layout with over 2,000 square feet of living space, plus a fully finished sub-basement. The main level features a beautiful kitchen with granite countertops, stainless steel appliances, and 42" cabinets, along with an expansive eating area filled with natural light. The inviting family room is highlighted by a striking stone, gas-start wood-burning fireplace and custom wood accents, creating a warm and elegant atmosphere. Upstairs, generously sized bedrooms include a primary suite with ample closet space and a private bath. The finished sub-basement provides additional living space ideal for a recreation room, home office, or gym, along with abundant storage. Situated on a premium corner lot, the home offers a fenced backyard, private patio, and mature landscaping-perfect for outdoor entertaining. Additional highlights include an oversized 2-car garage and a beautifully private backyard. Located in the desirable Lancer neighborhood and feeding into the highly-rated JB Conant High School, this home is perfectly positioned for both convenience and lifestyle. Enjoy easy access to nearby amenities including a community pool and recreation center, multiple parks, tennis courts, Spring Valley Nature Center, Fox Links Golf Course, the Prairie Center for the Arts, and the popular annual Septemberfest. Ideal for walking or biking, this vibrant community offers something for everyone. Conveniently located near top-rated schools, shopping, dining, and major highways, this home combines comfort, space, and an unbeatable location.
Full Property Details
Full Property Details for 720 Preston Ln
General
- Price: $629,900
- Taxes: $10,389 (2024)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12614916
- Updated: 4/15/2026
- Added to Site: 1 day(s) ago
Rental Information
- Complex Features: Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Finished, F
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Wood-Burning, Gas Starter
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Cable TV, Ceiling Fan(s), Sump Pump, Backup Sump Pump, Radon Mitigation System
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Attached, Garage
Location
- Area: Schaumburg
- County: Cook
- Township: Schaumburg
- Subdivision: Lancer Park
- Driving Directions: ROSELLE ROAD TO WEATHERSFIELD WAY, EAST TO PRESTON LANE.
School Information
- School District: 54
- Elem School District: 54
- Midd School District: 54
- High School District: 211
- Elementary School: Michael Collins Elementary Schoo
- Middle School: Robert Frost Junior High School
- High School: J B Conant High School
- Private School: J B Conant 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: Brick, Cedar
- Exterior Const.: Brick, Cedar
- Basement: Yes
- Basement Desc.: Finished, Full
- Windows: Skylight(s), Blinds, Display Window(s), Garden Window(s), Insulated Windows, Screens, Some Tilt-In Windows
- Sub-Flooring: Hardwood
- Square Feet: 2,300
- Sq. Ft. Source: Landlord/Tenant/Seller
- Year Built: 1969
- Built Before 1978: Yes
- Remodeled/Updated: 2016
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 117 x 85
Green Features
- Energy Efficient: Native/drought resistant landscaping
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1969
- Tax Amount: $10,389.45
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 7261110010000
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Schools
Schools serving 720 Preston Ln
School Districts:Schaumburg Community Consolidated School District 54, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Michael Collins Elementary School 407 Summit Drive, Schaumburg, IL 60193 | PK-6 | 0.4 mi |
Lincoln Prairie School 500 Hillcrest Boulevard, Hoffman Estates, IL 60169 | K-8 | 3.3 mi |
Robert Frost Junior High School 320 West Wise Road, Schaumburg, IL 60193 | 7-8 | 1.7 mi |
J B Conant High School 700 East Cougar Trail, Hoffman Estates, IL 60169 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 Preston Ln
Date
Details
Price
Change
Source
4/15/2026
Listed
$629,900
165.22%
MLS
6/06/2025
Sold
$237,500
—
Public Record
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 720 Preston Ln
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,996
3%
$38,999
—
2022
$9,665
29%
$38,999
39%
2021
$7,516
1%
$28,127
—
2020
$7,454
-11%
$28,127
-10%
2019
$8,377
-8%
$31,253
-7%
2018
$9,096
1%
$33,743
—
2017
$8,970
4%
$33,743
—
2016
$8,631
14%
$33,743
21%
2015
$7,577
1%
$27,950
—
2014
$7,510
3%
$27,950
—
2013
$7,300
2%
$27,950
-5%
2012
$7,125
—
$29,470
—
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 720 Preston Ln
720 Preston Lane, Schaumburg, IL 60193 (MLS# 12614916) is a Single Family property with 4 bedrooms and 3 full bathrooms. 720 Preston Lane is currently listed for $629,900 and was received on April 15, 2026. Want to learn more about 720 Preston Lane? Do you have questions about finding other Single Family real estate for sale in Schaumburg? You can browse all Schaumburg real estate or contact a Coldwell Banker agent to request more information.

