$160,000
SOLD MAY 27, 2025

1000 Bayside Dr Unit 112 Palatine, IL 60074

Virginia Lake Neighborhood
1 Bed
1 Bath
775 Sq Ft
$290/mo HOA Fee

Recently Sold

$206 Per Sq Ft

5% Above List Price

2 Days on Market

Highlights

  • Fitness Center
  • Community Pool
  • Patio
  • Palatine High School Rated A
  • Elevator
  • Living Room

About This Home

As of May 2025

Welcome home to this nicely updated 1-bedroom, 1-bath condo located on the desirable first floor of a well-maintained 3-story building. Enjoy easy living with modern upgrades throughout, including a renovated kitchen featuring sleek granite countertops, crisp white cabinetry, and a fresh contemporary feel. The updated bathroom boasts matching cabinetry and a neutral tile surround, creating a cohesive and stylish space. The open-concept living area features ceramic tile flooring-perfect for low-maintenance living-while the spacious bedroom offers a large walk-in closet and durable vinyl plank flooring. Take advantage of fantastic community amenities including a pool, clubhouse, playground, tennis courts, and volleyball courts. Conveniently located near major highways, shopping, and dining, this condo offers both comfort and accessibility. HOA dues include heat, gas, water, and A/C, making this a truly worry-free home. Don't miss this move-in ready gem - You Deserve This!

Last Agent to Sell the Property

Angela Bjork

Baird & Warner License #475123843 Listed on: 04/11/2025

Baird & Warner

Last Buyer's Agent

Julia Leon

KOMAR License #475200043

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,758

Year Built

  • Built in 1980 | Remodeled in 2021

HOA Fees

  • $290 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 775 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Kitchen

  • Range
  • Dishwasher

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Parking

  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Patio

Schools

  • Kimball Hill Elementary School
  • Plum Grove Middle School
  • Palatine High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include heat, water, gas, clubhouse, pool, exterior maintenance, lawn care
  • 42 Units
  • Runaway Bay Association, Phone Number (312) 475-9000
  • Runaway Bay Subdivision
  • Property managed by Advantage Management

Amenities

  • Coin Laundry
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Park

Pet Policy

  • Pets up to 20 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,758

Year Built

Built in 1980 | Remodeled in 2021

Lot Details

0

HOA Fees

$290 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 1
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Runaway Bay
  • Year Built: 1980
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Renovated: 2021

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 775
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Door Features: Sliding Glass Door(s)
  • Flooring: Vinyl
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Brick
  • List Price: 152000
  • Patio And Porch Features: Patio
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, On Site, Other

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Neutered and/or Declawed Only, Number Limit, Size Limit
  • Association Fee: 290
  • Association Amenities: Coin Laundry, Elevator(s), Exercise Room, Storage, Park, Pool
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Advantage Management
  • Management Contact Name: Runaway Bay Association
  • Management Phone: 312-475-9000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Clubhouse, Pool, Exterior Maintenance, Lawn Care

Schools

  • Elementary School: Kimball Hill Elementary School
  • High School: Palatine High School
  • Middle/Junior School: Plum Grove Middle School
  • Middle/Junior School District: 15

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 20

Tax Info

  • Tax Annual Amount: 2757.64
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2025
Closed on
May 27, 2025
Sold by
Rafi Muhammad Imran and Naseem Tabassum
Bought by
Romaniuk Tetiana
Seller's Agent
Angela Bjork
Baird & Warner
Buyer's Agent
Julia Leon
KOMAR
List Price
$152,000
Sold Price
$160,000
Premium/Discount to List
$8,000
5.26%
Views
6
Current Estimated Value
$157,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,106
Avg. Annual Appreciation
-4.62%
Original Mortgage
$128,000
Outstanding Balance
$127,643
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$30,251

Purchase Details

Closed on
Nov 29, 2005
Sold by
Runaway Bay At Palatine Inc
Bought by
Tabassum Rapi Muhammad Imran and Tabassum Naseem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,175
Interest Rate
5.25%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $160,000 None Listed On Document
Special Warranty Deed $111,000 Multiple
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $128,000 New Conventional
Previous Owner $83,175 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Sold $160,000 +5.3% $206 / Sq Ft
04/28/2025 04/28/25 Pending -- -- --
04/25/2025 04/25/25 For Sale $152,000 -- $196 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,507 $8,468 $1,558 $6,910
2023 $2,425 $8,468 $1,558 $6,910
2022 $2,425 $8,468 $1,558 $6,910
2021 $1,720 $5,296 $973 $4,323
2020 $1,694 $5,296 $973 $4,323
2019 $1,697 $5,917 $973 $4,944
2018 $1,403 $4,516 $876 $3,640
2017 $1,377 $4,516 $876 $3,640
2016 $1,280 $4,516 $876 $3,640
2015 $1,158 $3,770 $779 $2,991
2014 $1,144 $3,770 $779 $2,991
2013 $1,115 $3,770 $779 $2,991
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12336446

Midwest Real Estate Data (MRED)

APN: 02-12-213-001-1162