1506 Somerset Ln
Schaumburg, IL 60193
3 bd 2 ba 1,144 sqft Built 1962 Lot 10,703 sqft single_family
Most recent sale
$237,500
Jun 23, 2015
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 31, 2022 | Sold | $280,500 | MRED |
| Sep 9, 2022 | Price changed | $300,000 | MLS #11491005 |
| Aug 26, 2022 | Price changed | $320,000 | MLS #11491005 |
| Aug 13, 2022 | Listed | $339,000 | MLS #11491005 |
| May 10, 2017 | Listing removed | $2,095 | MRED |
| Apr 25, 2017 | Listed for rent | $2,095 | MRED |
| Jun 23, 2015 | Sold | $237,500 | Public Record |
| May 18, 2015 | Sold | $237,500 | MLS #08860487 |
| Apr 16, 2015 | Price changed | $249,000 | MLS #08860487 |
| Apr 3, 2015 | Price changed | $254,000 | MLS #08860487 |
| Mar 13, 2015 | Listed | $259,000 | MLS #08860487 |
| Mar 11, 2015 | Listing removed | $269,000 | MRED |
| Nov 10, 2014 | Price changed | $269,000 | MLS #08764467 |
| Oct 29, 2014 | Listed | $290,000 | MLS #08764467 |
| Oct 29, 2014 | Listed for rent | $1,900 | MRED |
| Dec 8, 2011 | Listing removed | $1,800 | MRED |
| Sep 9, 2011 | Listed for rent | $1,800 | MRED |
| Sep 8, 2011 | Listed | $260,000 | MLS #07898936 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $20,559 | $7,491 | $28,050 | $6,928 |
| 2022 | $20,559 | $7,491 | $28,050 | $7,619 |
| 2021 | $19,625 | $5,083 | $24,708 | $7,488 |
| 2020 | $19,625 | $5,083 | $24,708 | $7,359 |
| 2019 | $22,679 | $5,083 | $27,762 | $7,441 |
| 2018 | $19,202 | $4,548 | $23,750 | $7,128 |
| 2017 | $19,202 | $4,548 | $23,750 | $7,015 |
| 2016 | $19,202 | $4,548 | $23,750 | $6,560 |
| 2015 | $17,900 | $4,013 | $21,913 | $6,556 |
| 2014 | $17,900 | $4,013 | $21,913 | $6,484 |
| 2013 | $17,900 | $4,013 | $21,913 | $6,318 |
| 2012 | $20,467 | $4,548 | $25,015 | $6,607 |
| 2011 | $20,467 | $4,548 | $25,015 | $6,302 |
| 2010 | $20,467 | $4,548 | $25,015 | $6,366 |
| 2009 | $25,135 | $4,815 | $29,950 | $2,621 |
| 2008 | $23,493 | $7,705 | $31,198 | $3,595 |
| 2007 | $23,493 | $7,705 | $31,198 | $3,445 |
| 2006 | $17,656 | $6,849 | $24,505 | $3,722 |
Property facts
Year built
1962
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,144 sqft
Lot size
10,703 sqft
ZIP code
60193
City
Schaumburg
Street
Somerset Ln
Coordinates
42.01993, -88.11760
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsFrequently asked questions
When did 1506 Somerset Ln last sell?
1506 Somerset Ln most recently sold on Jun 23, 2015 for $237,500.
What is the current tax assessment for 1506 Somerset Ln?
The most recent total assessment for 1506 Somerset Ln (year 2023) is $28,050 with $6,928 in property tax.
How does 1506 Somerset Ln's assessment compare to its last sale price?
The current assessment is 88.2% below the last sale price of $237,500.
When was 1506 Somerset Ln built?
1506 Somerset Ln was built in 1962.
How does 1506 Somerset Ln compare to others on Somerset Ln?
We track 8 other properties on Somerset Ln. Browse the list under "Other properties on Somerset Ln" to compare beds, baths, and sale history.
What are the property facts for 1506 Somerset Ln?
1506 Somerset Ln is a 3 bed, 2 bath, 1,144 sqft, 10,703 sqft lot single_family.
Is 1506 Somerset Ln a flip candidate?
No — 1506 Somerset Ln does not appear in our flips dataset.
Is 1506 Somerset Ln a tax-appeal candidate?
No — 1506 Somerset Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.5%
Implied 1-yr
+5.9%
2026 Q3
$381.3K
2026 Q4
$386.4K
ZIP 60193 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Somerset Ln