7214 Farmstead Ln, Hanover Park, IL, 60133
About This Home
This newly built (2023) two-story townhome offers a versatile floor plan with 3 bedrooms and 2 bathrooms, featuring an open-concept design highlighted by soaring ceilings. The home includes a spacious living room and dining area, along with a well-appointed kitchen with stainless steel appliances. Enjoy both a private balcony and patio, a comfortable primary suite, two additional bedrooms, and a 2-car attached garage with finished walls and epoxy flooring and additional storage space in first floor . Additional upgrades include a water softener, garage door opener, and video doorbell, providing added convenience and peace of mind. Located within desirable Schaumburg schools while benefiting from Hanover Park's low taxes, this home offers the best of both communities. An abundance of nearby parks and forest preserves provides plenty of opportunities for outdoor recreation. CVS and Starbucks are within walking distance, and AMITA Health Alexian Brothers Hospital is just 15 minutes away. Ideally situated near shopping, dining, and entertainment in Schaumburg and Hanover Park, with easy access to Metra transportation. Schools are just 5-10 minutes away, and major highways-including the Elgin-O'Hare Expressway, I-290, I-355, Irving Park Road, Lake Street, and Route 59-offer excellent commuting access, placing O'Hare International Airport approximately 30 minutes away.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 2023
Materials
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Construction materials: Aluminum Siding
Type & Style
- Home type: Townhouse
- Property subType: Townhouse,Single Family Residence
Interior
Appliances
- Appliances included: Range,Microwave,Dishwasher,High End Refrigerator,Washer,Dryer,Disposal,Stainless Steel Appliance(s),Range Hood,Water Softener,ENERGY STAR Qualified Appliances
- Laundry features: In Unit
Balcony Porch Lanai
- Level: Second
- Area: 40
- Dimensions: 5X8
Basement
- Basement: None
Bedroom2
- Features: Flooring (Other),Window Treatments (Blinds,Double Pane Windows,ENERGY STAR Qualified Windows)
- Level: Second
- Area: 120
- Dimensions: 10X12
Bedroom3
- Features: Flooring (Other),Window Treatments (Blinds,Double Pane Windows,ENERGY STAR Qualified Windows)
- Level: Second
- Area: 144
- Dimensions: 12X12
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Features: Flooring (Other),Window Treatments (Blinds,Double Pane Windows,ENERGY STAR Qualified Windows)
- Level: Second
- Area: 225
- Dimensions: 15X15
Features
- 1st Floor Bedroom,1st Floor Full Bath,Open Floorplan,Granite Counters,Separate Dining Room
- Number of fireplaces: 1
- Fireplace features: Electric,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 0
- Total interior livable area: 1,280 sqft
Kitchen
- Features: Kitchen (Eating Area-Breakfast Bar),Flooring (Other)
- Level: Second
- Area: 100
- Dimensions: 10X10
Living Room
- Features: Flooring (Other),Window Treatments (Blinds,Double Pane Windows,ENERGY STAR Qualified Windows)
- Level: Second
- Area: 300
- Dimensions: 20X15
Master Bedroom
- Features: Flooring (Other),Window Treatments (Blinds,Double Pane Windows,ENERGY STAR Qualified Windows),Bathroom (Full,Whirlpool)
- Level: Main
- Area: 120
- Dimensions: 12X10
Property
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 07293120920000
- Special condition: List Broker Must Accompany
Features
- Patio & porch: Deck
- Exterior features: Balcony,Lighting
Lot
- Lot size: 1,200 sqft
- Features: Common Grounds,Corner Lot
- Lot size dimensions: 40X30
Parking
- Total spaces: 2
- Parking features: Concrete,Garage Door Opener,Yes,Garage Owned,Attached,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,118 | $25,416 |
| Home Insurance * | $167 | $2,004 |
| Property Taxes | $604 | $7,248 |
| Electricity | $130 | $1,569 |
| Total | $3,019 | $36,228 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-15 | Listed for sale | $419,000 |
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