Carpentersville · Kane County · IL
Homes for sale in
Silverstone Lake.
- Active listings
- 1
- Median list
- $245K
- Avg time on market
- 2 days
- Sold · last year
- 28
Active listings
1 home on the market
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About the community
A lower-maintenance townhome and condo community on the Randall Road corridor.
Silverstone Lake is a townhome and condominium community on the far northwest side of Carpentersville in Kane County, near the Algonquin and Lake in the Hills borders. It was developed by Centex and built out in the first half of the 2000s, part of the wave of attached-home communities that filled in the Randall Road growth corridor across northern Kane County during that era. The homes are professionally managed and lower-maintenance, which draws first-time buyers, downsizers, and investors, and the community has a real green center in the on-site Silverstone Lake Park. It sits in Community Unit School District 300.
At a glance
Townhomes and condos
Attached homes built by Centex, from smaller condo flats to larger multi-bedroom townhomes.
Silverstone Lake Park on-site
A Dundee Township Park District park inside the community with a playground, ball diamond, basketball court, gazebo, and a fitness trail.
School District 300
Community Unit School District 300, with Dundee-Crown High School in Carpentersville. Confirm the assigned elementary and middle school by address.
Lower-maintenance living
The association handles much of the exterior upkeep, landscaping, and snow, which appeals to first-time buyers and downsizers.
Randall Road corridor
Minutes from the Randall Road retail corridor and I-90 access to the south.
Rail via Big Timber Road
The nearest Metra boarding point is the Big Timber Road station in Elgin, the western end of the Milwaukee District West line.
Hospital nearby
Advocate Sherman Hospital in Elgin is the closest full-service hospital.
What’s close
Silverstone Lake sits in far-northwest Carpentersville, in the Randall Road corridor near the Algonquin and Lake in the Hills borders.
- Amenities on-site
- Silverstone Lake Park, a Dundee Township Park District park with a playground, ball diamond, courts, a gazebo, and a fitness trail.
- Shopping
- The Randall Road retail corridor to the west and south, with big-box stores, grocery, and dining.
- Highway
- I-90 (Jane Addams Tollway) reached via the Randall Road interchange to the south, toward O'Hare and Chicago.
- Schools
- Community Unit School District 300, with Dundee-Crown High School. Confirm the assigned elementary and middle school by address using the district locator.
- Train
- No Metra station in Carpentersville. Rail commuters use the Big Timber Road station in Elgin on the Milwaukee District West line.
- Hospital
- Advocate Sherman Hospital in Elgin.
What it’s actually like to live here
Silverstone Lake is a practical, lower-maintenance place to own in a part of the Fox Valley that grew up quickly in the early 2000s. Because the homes are attached and professionally managed, the association handles much of the exterior upkeep, which is a real draw for people who want to stop renting, for owners downsizing out of a single-family house, and for investors. The on-site Silverstone Lake Park gives the neighborhood a genuine green center, with a playground, ball diamond, courts, a gazebo, and a fitness trail, and the wider Dundee Township Park District system adds pools, golf, and the Randall Oaks area nearby.
The location is a commuter's compromise in the best sense. You are minutes from the Randall Road corridor for groceries, restaurants, and big-box shopping, close to I-90 for the drive to O'Hare and the city, and within reach of the Big Timber Road Metra station in Elgin for those who prefer rail. Day to day, most errands are a short drive rather than a walk, which is typical of a 2000s-era community built around arterial roads.
The honest tradeoffs are worth stating plainly. This is attached housing, so you accept HOA dues and association rules in exchange for lower personal maintenance, and both the dues and Carpentersville's high effective property-tax rate belong in any budget. It is an entry-level segment of the market, which means value and affordability but also more turnover and rental activity than an established single-family neighborhood. And because School District 300 boundaries can shift, confirm the assigned schools by address rather than assuming.
The questions buyers actually ask
Silverstone Lake FAQ
The questions I get most from buyers shopping Silverstone Lake. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- townhomes and condos are $200 per month.
- What does the HOA actually cover?
- Because the homes here are attached, the association is central to the community. Monthly assessments vary by unit type and by whether the home is a condo or a townhome, with listings generally showing figures in the range of roughly $128 to $264 a month. Dues typically fund exterior and common-area maintenance, landscaping, snow removal, the master insurance policy, and reserves. The exact inclusions differ between the condo and townhome associations, so confirm the current assessment and what it covers on the governing documents for the specific unit.
- What are property taxes like?
- Roughly $4,500 – $7,500 per year, depending on home size and value. Kane County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Silverstone Lake built?
- Centex Homes built the community between 1999 and 2006. Centex Homes stopped new construction in 2006, 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.
- Is Silverstone Lake single-family homes or attached homes?
- It is a townhome and condominium community, built by Centex in the first half of the 2000s. The homes range from smaller condo flats to larger multi-bedroom townhomes. If you are looking specifically for detached single-family houses, ask your agent to confirm the exact community, because Silverstone Lake is attached housing.
- Is there really a lake?
- There is a water feature and an on-site park named Silverstone Lake Park, run by the Dundee Township Park District, and some units carry a water view. Whether the water is a natural pond or an engineered stormwater basin is not documented here, so confirm on the plat if a water view matters to you.
- Is there an HOA and what does it cover?
- Yes. Because the homes are attached, the association is central. Monthly assessments vary by unit type, generally in the range of roughly $128 to $264, and typically cover exterior and common-area maintenance, landscaping, snow removal, master insurance, and reserves. Get the exact dues and inclusions from the seller's disclosure and the current association budget before you write an offer.
- What school district serves Silverstone Lake?
- Community Unit School District 300, which serves Carpentersville and surrounding towns, with Dundee-Crown High School in Carpentersville. Because district boundaries can split a subdivision and change over time, confirm the assigned elementary, middle, and high school for a specific address using the district's school locator.
- How is the commute to Chicago or O'Hare?
- You have I-90 (Jane Addams Tollway) access via the Randall Road interchange for driving, and the Big Timber Road Metra station in Elgin on the Milwaukee District West line for commuter rail. Everyday shopping is along the Randall Road corridor, and Advocate Sherman Hospital in Elgin is the nearest hospital.
- What do homes cost and how is the market right now?
- Silverstone Lake is one of the more attainable, entry-level ownership options in the Carpentersville and northwest Kane market, with condos at the lower end and larger townhomes higher. Pricing and market pace move, so rather than quote a number that goes stale, check the live Market snapshot on this page for current list prices, recent sales, and how quickly homes are moving.
- Who is the real estate agent for Silverstone Lake?
- Joe Keegan is the local licensed Illinois real estate broker who covers Silverstone Lake in Carpentersville, 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 Silverstone Lake 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 Silverstone Lake
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
- Carpentersville specialist
- Honest local market take
- Brokerocity
Market snapshot
Silverstone Lake, 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 list price
$245,000
Typical sale price · last 90 days
$270,000
Homes for sale right now
1
Avg time on market
2 days
Sold in the last year
28
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 2, 2025 through August 2, 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.
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Schools serving Silverstone Lake
Where Silverstone Lake homes go to school
Homes in Silverstone Lake are most often zoned to Dundee-Crown 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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