Algonquin · McHenry County · IL
Homes for sale in
Terrace Hill.
- Active listings
- 0
- Median list
- $0
- Avg time on market
- 0 days
- Sold · last year
- 11
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About the community
An established, no-HOA neighborhood of larger homes on Algonquin's south side.
Terrace Hill is a settled single-family subdivision on the southern edge of Algonquin in McHenry County, laid out along Bunker Hill Drive just east of Square Barn Road and north of the Kane County line. Homes were built mostly from the late 1980s into the early 2000s, so the streets have a mature tree canopy and a move-up character, with larger two-story houses and ranches on roughly half-acre lots, three-car garages, and full basements common throughout. There is no homeowners association, and the neighborhood sits next to the Village-owned Ted Spella Community Park and the public library, a short drive from the Randall Road retail corridor.
At a glance
Larger single-family homes
Two-story homes and ranches, generally 3 to 5 bedrooms, many with three-car garages and finished basements.
Half-acre lots
Home sites average close to half an acre, with mature trees from three decades of growth.
No HOA
No homeowners association and no mandatory dues, so no monthly assessment and no association exterior rules.
Ted Spella Community Park
The Village park bordering the neighborhood has playgrounds, courts, a soccer field, walking paths, and a large natural area.
Two school districts
The neighborhood spans the District 300 and Huntley District 158 boundary, so the assigned schools depend on the address.
Randall Road nearby
Algonquin Commons and the Randall Road corridor for grocery, big-box, and dining are minutes away.
Route 62 and Route 31
Illinois Route 62 (Algonquin Road) and Route 31 connect the area south and east toward the I-90 corridor.
Huntley Hospital close
Northwestern Medicine Huntley Hospital, with a full emergency department, is the nearest hospital.
What’s close
Terrace Hill sits on the south side of Algonquin along Bunker Hill Drive, near the McHenry and Kane county line and a short drive from the Randall Road corridor.
- Amenities nearby
- Ted Spella Community Park and the Algonquin Area Public Library District Main Branch, both bordering or adjacent to the neighborhood.
- Shopping
- Algonquin Commons and the broader Randall Road retail corridor, minutes away, with grocery, big-box, and restaurants.
- Hospital
- Northwestern Medicine Huntley Hospital in Huntley, the closest full-service hospital with an emergency department.
- Highway
- Illinois Route 62 and Route 31 through Algonquin, connecting toward the Elgin area and the I-90 (Jane Addams) tollway.
- Schools
- The neighborhood straddles Community Unit District 300 and Huntley District 158. Confirm the assigned schools by address before relying on them.
- Train
- Algonquin has no Metra station. Rail commuters drive to the Crystal Lake or Cary stations on the Union Pacific Northwest line to Chicago.
What it’s actually like to live here
Terrace Hill lives like an established, move-up family neighborhood rather than a new-construction subdivision. The homes are larger than the Algonquin average, most sit on about a half-acre with three-car garages and finished basements, and the tree canopy has had decades to fill in. The big draw is location without the fees: you get walkable access to Ted Spella Community Park and the public library, and you are only minutes from the Randall Road corridor for groceries and shopping, all without an HOA assessment or an association setting exterior rules.
The honest tradeoffs are the ones common to this pocket of Algonquin. McHenry County effective tax rates are high, and for buyers coming from lower-tax areas the annual bill is the single biggest carrying-cost consideration. There is no train in Algonquin, so rail commuters drive to Crystal Lake or Cary, and the neighborhood is car-dependent for work trips toward Chicago.
Schools are the detail to nail down. Because the District 300 and Huntley 158 boundary runs through the neighborhood, families cannot assume a given school by the neighborhood name and should verify the assigned elementary, middle, and high school for the exact address. The neighborhood also shares its name with the former Terrace Hill Golf Course, which has closed and been discussed for redevelopment, so buyers who care about an open view should check the current status of that land with the Village.
The questions buyers actually ask
Terrace Hill FAQ
The questions I get most from buyers shopping Terrace Hill. If yours isn't here, text 224-385-8779, same-day reply.
- What are property taxes like?
- Roughly $8,000 – $14,000 per year, depending on home size and value. McHenry County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Terrace Hill built?
- Braley and Wynwood Builders (and others) built the community between 1989 and 2003. Braley and Wynwood Builders (and others) stopped new construction in 2003, so every sale today is a resale.
- What's the typical closing timeline?
- 30 to 60 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 60.
- What school district is Terrace Hill in?
- It depends on the specific home. Terrace Hill spans two districts: the east side is generally Huntley Community School District 158 and the west side is Community Unit School District 300. Because the boundary runs through the neighborhood, confirm the assigned elementary, middle, and high school by the exact address before you rely on it.
- Is there an HOA, and what are the dues?
- No. Terrace Hill has no homeowners association and no mandatory dues. That means no monthly assessment, but also no association-owned pool or clubhouse and no HOA-enforced exterior rules.
- What kinds of homes are in Terrace Hill?
- All single-family detached, a mix of ranches and two-story homes, generally 3 to 5 bedrooms. Most sit on roughly half-acre lots, typically with three-car garages and full or finished basements, built mainly from the late 1980s into the early 2000s.
- What do homes cost, and how is the market right now?
- Values here run toward the upper end of the Algonquin market, driven by the larger square footage and half-acre lots, but pricing moves over time. For current prices, recent sales, and how quickly homes are selling, see the live Market snapshot on this page, which pulls directly from the MLS.
- What is the story with the golf course and streets like Greens View Drive?
- The neighborhood shares its name with the former Terrace Hill Golf Course, and some homes were oriented toward it. The course has since closed and was proposed for residential redevelopment, so if a golf or open-space view matters to you, verify the current status of that land with the Village of Algonquin.
- Is there a train, or do I need to drive?
- Algonquin does not have its own Metra station. Most rail commuters drive to the Crystal Lake or Cary stations on the Union Pacific Northwest line to reach downtown Chicago, roughly a 15 to 20 minute drive. For daily errands, the Randall Road corridor and Algonquin Commons are just minutes away.
- Who is the real estate agent for Terrace Hill?
- Joe Keegan is the local licensed Illinois real estate broker who covers Terrace Hill in Algonquin, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Terrace Hill specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Terrace Hill
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Algonquin specialist
- Honest local market take
- Brokerocity
Market snapshot
Terrace Hill, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical sale price · last 90 days
$603,005
Sold in the last year
11
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 3, 2025 through August 3, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
Thinking of selling?
What's your home actually worth?
Not a Zestimate. A real CMA from someone who's sold this neighborhood, knows the floor plan premiums, and can tell you which upgrades the buyer pool here actually pays for.
- Pricing range with comp-by-comp logic
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- No obligation, no spam, no auto-dialer
Schools serving Terrace Hill
Where Terrace Hill homes go to school
Homes in Terrace Hill are most often zoned to Huntley HS and Jacobs HS. Open a school to see its area, the district, and every home for sale that feeds it.
School assignment is derived from the school the MRED listing agent entered and is not a guarantee. Always verify current attendance boundaries with the district before writing an offer.
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