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  3. Schaumburg, IL
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  5. Lakewood Condominium
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Lakewood Condominium

701 Limerick Lane, Schaumburg, IL, 60193 |Lakewood Condominium

YEAR BUILT

1976

# STORIES

3

# TOTAL UNITS

8

UNIT SIZE RANGE

850-950 sqft

Description

The Lakewood Condominium sits on Limerick Lane in Schaumburg. This three-story low-rise building features eight units. The construction dates back to 1976. This gives a sense of established living in the neighborhood. Each unit has one bedroom and varies in size from 850 to 950 square feet. Price points for these units range from $160,000 to $165,000. The average selling price is around $160,000. The units average about $189 per square foot. Prospective buyers typically see these units on the market for around 43 days. This provides ample time for decisions without pressure. Many people appreciate the quick turn-around in the area. Nearby, residents can enjoy amenities like a pool, tennis courts, and a clubhouse. There are also bike trails that encourage an active lifestyle. A local park offers green space for relaxation. Close grocery options include Royal Grocery, and dining can be found at Frato's Eatery and Bisi African Restaurant. Living in this area means enjoying a friendly community. Easy access to roads makes travel simple. Being in Schaumburg also adds to the appeal with various local businesses nearby. Overall, this building provides a lifestyle that balances comfort and convenience.

Building ImageMLS ID #12166215
Building ImageMLS ID #11957336
Building ImageView Listing

Lakewood Condominium

701 Limerick Lane, Schaumburg, IL, 60193

|Lakewood Condominium

YEAR BUILT

1976

# STORIES

3

# TOTAL UNITS

8

UNIT SIZE RANGE

850-950 sqft

Description

The Lakewood Condominium sits on Limerick Lane in Schaumburg. This three-story low-rise building features eight units. The construction dates back to 1976. This gives a sense of established living in the neighborhood. Each unit has one bedroom and varies in size from 850 to 950 square feet. Price points for these units range from $160,000 to $165,000. The average selling price is around $160,000. The units average about $189 per square foot. Prospective buyers typically see these units on the market for around 43 days. This provides ample time for decisions without pressure. Many people appreciate the quick turn-around in the area. Nearby, residents can enjoy amenities like a pool, tennis courts, and a clubhouse. There are also bike trails that encourage an active lifestyle. A local park offers green space for relaxation. Close grocery options include Royal Grocery, and dining can be found at Frato's Eatery and Bisi African Restaurant. Living in this area means enjoying a friendly community. Easy access to roads makes travel simple. Being in Schaumburg also adds to the appeal with various local businesses nearby. Overall, this building provides a lifestyle that balances comfort and convenience.

Next

Description

The Lakewood Condominium sits on Limerick Lane in Schaumburg. This three-story low-rise building features eight units. The construction dates back to 1976. This gives a sense of established living in the neighborhood. Each unit has one bedroom and varies in size from 850 to 950 square feet. Price points for these units range from $160,000 to $165,000. The average selling price is around $160,000. The units average about $189 per square foot. Prospective buyers typically see these units on the market for around 43 days. This provides ample time for decisions without pressure. Many people appreciate the quick turn-around in the area. Nearby, residents can enjoy amenities like a pool, tennis courts, and a clubhouse. There are also bike trails that encourage an active lifestyle. A local park offers green space for relaxation. Close grocery options include Royal Grocery, and dining can be found at Frato's Eatery and Bisi African Restaurant. Living in this area means enjoying a friendly community. Easy access to roads makes travel simple. Being in Schaumburg also adds to the appeal with various local businesses nearby. Overall, this building provides a lifestyle that balances comfort and convenience.

Lakewood Condominium Market Stats Last 12 months

Avg. Listed Price$164,900($194/Sqft.)
Avg. Sale Price$160,000($189/Sqft.)
Year over year list priceDown Arrow0.06%
Year over year sale priceDown Arrow 3.03%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market43 days
Average HOA fees per sqft$2 /monthly
Next

Market Stats

Year over year list priceDown Arrow0.06%
Year over year sale priceDown Arrow3.03%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market43 days
Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Lakewood Condominium Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 3C3C85011432024-10-30
MLS#: 12166215 		Closed$160,000
Unit 3C3C85011462024-02-22
MLS#: 11957336 		Closed$165,000
Unit 3C3C-11582022-07-25
MLS#: 11418531 		Closed$142,200
Unit 3C
3C

1 Beds

1 Baths

850 sqft

DateStatusPrice
2024-10-30Closed$160,000
MLS#: 12166215
Days On Market43
Unit 3C
3C

1 Beds

1 Baths

850 sqft

DateStatusPrice
2024-02-22Closed$165,000
MLS#: 11957336
Days On Market46
Unit 3C
3C

1 Beds

1 Baths

0 sqft

DateStatusPrice
2022-07-25Closed$142,200
MLS#: 11418531
Days On Market58
View Complete Unit Listing HistorySource By: MRED

Amenities

Living at Lakewood comes with a delightful range of amenities that encourage an active lifestyle. If you enjoy sports, you’ll love having access to the tennis courts. Maybe lounging by the pool or hosting friends in the clubhouse sounds more like your style? This space can accommodate gatherings in the party room—ideal for those fun evenings. For the nature lovers, the nearby bike trails and parks offer the perfect spot for weekend adventures. It’s all about finding that balance between relaxation and fun!

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Amenities Description

Living at Lakewood comes with a delightful range of amenities that encourage an active lifestyle. If you enjoy sports, you’ll love having access to the tennis courts. Maybe lounging by the pool or hosting friends in the clubhouse sounds more like your style? This space can accommodate gatherings in the party room—ideal for those fun evenings. For the nature lovers, the nearby bike trails and parks offer the perfect spot for weekend adventures. It’s all about finding that balance between relaxation and fun!

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Pool

Pool

In Ground Pool

In Ground Pool

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Tennis Court(s)

Tennis Court(s)

Patio

Patio

Clubhouse

Clubhouse

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

Lakewood Condominium offers a flexible and friendly approach to living, allowing both cats and dogs (although with some size limits). The number limit ensures a peaceful and harmonious environment, making this building an ideal choice for pet lovers who want to share their new home with their furry friends.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Lakewood Condominium$189/sqft.$2 /sqft.
Lakewood Condominium$197/sqft.$3 /sqft.
Lakewood Condominium$182/sqft.$2 /sqft.
Lakewood Condominium$207/sqft.$2 /sqft.
701 Limerick Ln$189/sqft.$2 /sqft.
733 Limerick Ln$197/sqft.$3 /sqft.

Nearby Schools

Discover top-rated schools located close to Lakewood Condominium.

Hadi School of Excellence

--
Private|Grades PK–8
375 S Roselle Rd|0.76 miles away

Everett Dirksen Elementary School

A-
Public|Grades KG–6
116 W Beech Dr|0.83 miles away

Robert Frost Jr High School

A-
Public|Grades 7–8
320 W Wise Rd|0.92 miles away

Michael Collins Elementary School

A+
Public|Grades KG–6
407 Summit Dr|0.99 miles away

Buzz Aldrin Elementary School

B
Public|Grades KG–6
617 Boxwood Dr|1.03 miles away

St Peter Lutheran School

--
Private|Grades PK–8
208 E Schaumburg R...|1.58 miles away
Next

Schools

Hadi School of Excellence

--
Private|Grades PK–8
375 S Roselle Rd|Less than 1 Mile Away

Everett Dirksen Elementary School

A-
Public|Grades KG–6
116 W Beech Dr|Less than 1 Mile Away

Robert Frost Jr High School

A-
Public|Grades 7–8
320 W Wise Rd|Less than 1 Mile Away

Michael Collins Elementary School

A+
Public|Grades KG–6
407 Summit Dr|Less than 1 Mile Away

Buzz Aldrin Elementary School

B
Public|Grades KG–6
617 Boxwood Dr|1.03 Miles Away

St Peter Lutheran School

--
Private|Grades PK–8
208 E Schaumburg R...|1.58 Miles Away

Thomas Dooley Elementary School

A+
Public|Grades KG–6
622 Norwood Ln|1.69 Miles Away

The District 54 Early Learning Center

--
Public|Grades PK–PK
520 E Schaumburg R...|1.74 Miles Away

Frederick Nerge Elementary School

A-
Public|Grades KG–6
660 N Woodfield Tr...|1.76 Miles Away

Schaumburg Christian School

--
Private|Grades PK–12
200 N Roselle Rd|1.76 Miles Away

Margaret Mead Jr High School

A
Public|Grades 7–8
1765 Biesterfield ...|1.91 Miles Away

Childrens Christian Learning Center

--
Private|Grades PK–KG
1900 Nerge Rd|2.11 Miles Away

Schaumburg High School

A
Public|Grades 9–12
1100 W Schaumburg ...|2.22 Miles Away

Lincoln Academy

--
Public|Grades –
320 Lincoln St|2.27 Miles Away

Nathan Hale Elementary School

A
Public|Grades KG–6
1300 W Wise Rd|2.29 Miles Away

Enders-Salk Elementary School

B
Public|Grades KG–6
345 N Salem Dr|2.32 Miles Away

J B Conant High School

A-
Public|Grades 9–12
700 E Cougar Trl|2.48 Miles Away

Fairview Elementary School

A-
Public|Grades KG–6
375 Arizona Blvd|2.52 Miles Away

St Hubert School

--
Private|Grades PK–8
255 Flagstaff Ln|2.55 Miles Away

Lakeview Elementary School

B
Public|Grades KG–6
615 Lakeview Ln|2.59 Miles Away

Transit

No Transit Data Available

The Neighbourhood: Lakewood Condominium

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Lakewood Condominium Demographics

Age Demographics

0–14 Years

20.01%

15–29 Years

11.75%

30–44 Years

21.54%

45–59 Years

21.49%

60+ Years

25.21%

Commute

2.27%

Transit

0.66%

Walk

85.03%

Drive

0%

Bike

Housing Ownership

71.37%

Owner Occupied

28.63%

Rental Units

Household Types

Single Family
28.29%
Multi Family
6.09%
Single Person
32.46%
Multi Person
67.54%

Average Income

Household:$7,983,045.93 /yr

Individual:$4,200,889.18 /yr

Education

Bachelors Degree25.63%
High School College23.52%
Diploma7.29%
Post Graduate17.28%
Others26.29%
Next

Education

Diploma7.29%
Post Graduate17.28%
Others26.29%
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  2. /Schaumburg, IL
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    Lakewood Condominium
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