Schaumburg Homes

Monday, December 04, 2006

Million Dollar Homes?

With recent teardowns and infill building that has gone on in Schaumburg you would expect there to be some million dollar homes in Schaumburg. Yet over the last year there has only been one sale for over a million dollars and that was for the "land value" as the property was on over 3 acres. The 3 acres sold for $1.3 million and will be the site of custom home in the near future.

Currently there is one property listed over a million dollars and at $1.2 million it just might be a little overpriced. While it's 4 bedrooms, 3.1 baths, 3 car garage, 4000+ sq ft, and golf course views might be enough to demand over a million in many of Chicago's NW Suburbs Schaumburg just isn't there yet.

Schaumburg has plenty of high paying jobs, good schools, and more than enough restaurants and shopping so the million dollar price will be broken soon. The only question is when...