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CondominiumResidential
$279,263$223 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $160,000 on Jul 14, 2020

518 PALACE CT

SCHAUMBURG, IL 60194
2
Beds
0
Baths
1,250 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
18.06 ac
Lot SizeThe size of the land the home sits on, from county records.
1980
Year BuiltThe year the home was originally built, according to county records.

Valuation

$279K
$271K low$288K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$160,000 · Jul 14, 2020

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,360 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$15,503 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$2,185
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$13,318
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$15,501
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$155,030

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.31
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
60
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
65
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
28
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyCook
Lot (acres)The size of the land the home sits on, from county records.18.06
HeatingThe type of heating system in the home.None

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Blackwell Elementary SchoolB+
Elementary · Grades KG–6 · 0.4 mi
H
Hoffman Estates High SchoolB
High · Grades 9–12 · 1.7 mi
M
Addams Junior High SchoolA
Middle · Grades 7–8 · 1.8 mi

District: Township High School District 211

Neighborhood · ZIP 60194These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.42
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.116
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.49

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.30%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.0%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.20,059
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,524 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$98,517
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$120,718
Average tempThe average temperature here across a full year.48°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

518 Palace Ct measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 73% of homes in Schaumburg 60194
  • Costs less per square foot than 70% of homes in Schaumburg 60194
  • Among the largest lots in Cook County
  • Newer than 77% of homes in Cook County

What homes are worth in Schaumburg 60194

Each bar is how many homes fall in that price range. The marker is this home.

This home
$176K$626K

This home is worth more than 27% of homes in Schaumburg 60194.

How it measures up in Schaumburg 60194

The dot is this home. The mark in the middle is the typical home in Schaumburg 60194.

Estimated value$279,263
CheaperTypical $330,866Pricier

Pricier than 27% of homes nearby

Price per ft²$223
CheaperTypical $241Pricier

Pricier than 30% of homes nearby

Living area1,250 ft²
SmallerTypical 1,400 ft²Bigger

Bigger than 40% of homes nearby

Lot size18.06 ac
SmallerTypical 0.26 acBigger

Bigger than 79% of homes nearby

Year built1980
OlderTypical 1977Newer

Newer than 64% of homes nearby

How 518 Palace Ct ranks against every home in each area.
MeasureThis homeSchaumburg 60194Cook County
Estimated valuepricier than$279,26327% of homes36% of homes
Price per ft²pricier than$22330% of homes40% of homes
Living areabigger than1,250 ft²40% of homes36% of homes
Lot sizebigger than18.06 ac79% of homesalmost all homes
Year builtnewer than198064% of homes77% of homes

About 518 Palace Ct

How much is 518 Palace Ct, Schaumburg, IL worth?

The TopHap Estimate for 518 Palace Ct, Schaumburg, IL is $279,263 as of Sep 24, 2026. The likely range is $270,855 to $287,671. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 518 Palace Ct, Schaumburg, IL last sell?

518 Palace Ct, Schaumburg, IL last sold on Jul 14, 2020 for $160,000, according to the county's recorded deed.

How big is 518 Palace Ct, Schaumburg, IL?

518 Palace Ct, Schaumburg, IL has 2 bedrooms, 1,250 square feet of living space and a 18.06-acre lot.

When was 518 Palace Ct, Schaumburg, IL built?

518 Palace Ct, Schaumburg, IL was built in 1980, making it 46 years old. It is a condo/apartment home.

What schools serve 518 Palace Ct, Schaumburg, IL?

518 Palace Ct, Schaumburg, IL is assigned to Blackwell Elementary School (elementary), rated B+; Hoffman Estates High School (high), rated B; Addams Junior High School (middle), rated A. All sit in Township High School District 211. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 518 Palace Ct, Schaumburg, IL compare to other homes in Schaumburg 60194?

Among the 7,328 homes in Schaumburg 60194, it is worth more than 27% of them ($279,263 against a typical $330,866), its price per square foot is higher than 30% of them ($223 against a typical $241), it is bigger than 40% of them (1,250 ft² against a typical 1,400 ft²), its lot is bigger than 79% of them (18.06 ac against a typical 0.26 ac) and it is newer than 64% of them (1980 against a typical 1977). Measured against all of Cook County, it is worth more than 36% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 518 Palace Ct, Schaumburg, IL?

The 2023 property tax bill for 518 Palace Ct, Schaumburg, IL was $4,360. The county assessed it at $15,503.

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