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$649,000
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Property Description
Welcome to this beautifully updated home, ideally situated on a quiet cul-de-sac in one of the Northwest Suburbs' most desirable neighborhoods. Thoughtfully renovated and move-in ready, this home combines modern style, quality craftsmanship, and an unbeatable Schaumburg location. Step inside to a bright and inviting floor plan featuring luxury hardwood floors, open living spaces, and an abundance of natural light. At the heart of the home is a stunning designer kitchen, complete with premium Thermador appliances, custom cabinetry, elegant countertops, and a sleek, contemporary design that's perfect for both everyday living and entertaining. The home also features two beautifully updated bathrooms with stylish finishes and attention to detail throughout. Recent exterior improvements include new siding, windows, and a recently installed metal roof, providing exceptional curb appeal, energy efficiency, and long-term peace of mind. A spacious two-car garage offers convenience and additional storage. One of the home's standout features is its impressive 0.6-acre lot, offering a rare amount of outdoor space in Schaumburg. The expansive backyard is perfect for entertaining, relaxing, gardening, or creating lasting memories with family and friends. Located within the highly acclaimed Collins Elementary School and James B. Conant High School boundaries, this home offers access to some of the area's most sought-after schools. You'll also enjoy being just minutes from parks, restaurants, shopping, Woodfield Mall, and major highways, making commuting and everyday living effortless. Offering high-end finishes, thoughtful updates, an exceptional location, outstanding schools, and an oversized lot, this is a rare opportunity to own a beautifully renovated home in one of Schaumburg's most desirable communities. Simply move in and enjoy everything this exceptional property has to offer.
Full Property Details
Full Property Details for 740 Terrace Ct
General
- Price: $649,000
- Taxes: $9,794 (2025)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12702073
- Updated: 10/8/2026
- Added to Site: 87 day(s) ago
Rental Information
- Complex Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Finished, W
- Interior Features: In-Law Floorplan
- Appliances: Dishwasher, High-End Refrigerator, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood, Electric Cooktop, Humidifier
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Basement Baths: Yes
- Bathroom Features: Double Sink, Full Body Spray Shower
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Sump Pump, Water Heater-Electric
- Other Features: School Bus Service
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Concrete, Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: Schaumburg
- County: Cook
- Township: Schaumburg
- Subdivision: Stonebridge
- Driving Directions: SCHAUMBURG RD E OF ROSELLE 2 SUMMIT S2 FENNEL E2 TERRACE
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: Lake Michigan
Structural Information
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement: Yes
- Basement Desc.: Finished, Walk-Up Access, Partial, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Metal
- Windows: ENERGY STAR Qualified Windows
- Square Feet: 1,800
- Sq. Ft. Source: Estimated
- Year Built: 1977
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.6
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 25678
- Lot Features: Cul-De-Sac, Wooded
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1977
- Tax Amount: $9,794.29
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 7261170100000
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Schools
Schools serving 740 Terrace Ct
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 | 3.5 mi |
Robert Frost Junior High School 320 West Wise Road, Schaumburg, IL 60193 | 7-8 | 1.2 mi |
J B Conant High School 700 East Cougar Trail, Hoffman Estates, IL 60169 | 9-12 | 1.6 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 740 Terrace Ct
Date
Details
Price
Change
Source
7/14/2026
Listed
$649,000
99.69%
MLS
3/30/2007
Sold
$325,000
—
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 740 Terrace Ct
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,875
—
$41,000
17%
2023
$8,875
3%
$34,999
—
2022
$8,578
10%
$34,999
20%
2021
$7,828
1%
$29,159
—
2020
$7,762
—
$29,159
-10%
2019
$7,765
6%
$32,399
17%
2018
$7,306
1%
$27,778
—
2017
$7,208
3%
$27,778
—
2016
$6,983
6%
$27,778
13%
2015
$6,601
1%
$24,689
—
2014
$6,545
3%
$24,689
—
2013
$6,360
-8%
$24,689
-14%
2012
$6,940
—
$28,770
—
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 740 Terrace Ct
740 Terrace Court, Schaumburg, IL 60193 (MLS# 12702073) is a Single Family property with 4 bedrooms and 2 full bathrooms. 740 Terrace Court is currently listed for $649,000 and was received on July 14, 2026. Want to learn more about 740 Terrace Court? 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.

