1005 E Olde Virginia Rd Palatine, IL 60074
Virginia Lake Neighborhood
4
Beds
2.5
Baths
2,144
Sq Ft
1986
Built
Highlights
- Deck
- Play Room
- Formal Dining Room
- Palatine High School Rated A
- Lower Floor Utility Room
- Living Room
About This Home
As of July 2025Welcome to 1005 E Olde Virginia St - A Fully Renovated 4-Bedroom, 2.5-bathroom home in the Sought-After Meadow Lakes Subdivision! This move-in-ready home blends modern updates with thoughtful design in a prime location. The main level and basement feature durable, stylish luxury vinyl plank (LVP) flooring, while the second floor is newly carpeted for comfort. Enjoy cooking in the beautifully updated kitchen with brand-new cabinetry, quartz countertops, stainless steel appliances, and modern lighting. All 2.5 bathrooms have been tastefully renovated, including the primary suite with a bathtub, separate walk-in shower, and a spacious walk-in closet. The finished basement offers versatile living space with painted exposed ceilings, recessed lighting, and LVP flooring-perfect for a home office, gym, or rec room. Major updates include a new roof, new windows, and an epoxy-coated 2.5-car garage floor. Outside, enjoy a large backyard deck, ideal for relaxing or entertaining. Located on a quiet, safe street just minutes from downtown Palatine, the Metra train, top-rated schools, shopping, and dining. Modern, updated, and move-in ready-this is the one you've been waiting for.
Last Agent to Sell the Property
Chicagoland Brokers, Inc. License #475134260 Listed on: 06/13/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,187
Year Built
- Built in 1986
HOA Fees
- $15 Monthly HOA Fees
Parking
- 2.5 Car Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 2,144 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Formal Dining Room
- Play Room
- Lower Floor Utility Room
- Storage Room
- Basement Fills Entire Space Under The House
Kitchen
- Gas Oven
- Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Deck
- Lot Dimensions are 55 x 100
Community Details
- Property managed by Meadow Lake Homeowners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 10, 2025
Closed on
Mar 28, 2025
Sold by
Niralay Priya
Bought by
Gra Homes Inc
Seller's Agent
Sylwia Chliborob-Pawlak
Redfin Corporation
Buyer's Agent
Anna Kaluza
Chicagoland Brokers, Inc.
List Price
$375,000
Sold Price
$401,000
Premium/Discount to List
$26,000
6.93%
Views
93
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
115.98%
Original Mortgage
$367,500
Outstanding Balance
$185,842
Interest Rate
6.85%
Mortgage Type
Construction
Estimated Equity
$339,192
Purchase Details
Closed on
Aug 31, 1995
Sold by
Fong Cheuk Wing and Fong Fung Kum Wung
Bought by
Nichani Mark Harry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
8%
Similar Homes in Palatine, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $401,000 | None Listed On Document | |
| Warranty Deed | $210,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $367,500 | Construction | |
| Previous Owner | $271,940 | New Conventional | |
| Previous Owner | $47,500 | Credit Line Revolving | |
| Previous Owner | $320,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $279,000 | Unknown | |
| Previous Owner | $199,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Sold | $528,000 | -3.1% | $246 / Sq Ft |
| 07/05/2025 07/05/25 | Pending | -- | -- | -- |
| 06/13/2025 06/13/25 | For Sale | $545,000 | +35.9% | $254 / Sq Ft |
| 03/28/2025 03/28/25 | Sold | $401,000 | +6.9% | $187 / Sq Ft |
| 03/14/2025 03/14/25 | Pending | -- | -- | -- |
| 03/10/2025 03/10/25 | For Sale | $375,000 | -- | $175 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,187 | $37,000 | $3,816 | $33,184 |
| 2023 | $7,273 | $37,000 | $3,816 | $33,184 |
| 2022 | $7,273 | $37,000 | $3,816 | $33,184 |
| 2021 | $8,895 | $30,720 | $2,385 | $28,335 |
| 2020 | $8,836 | $30,720 | $2,385 | $28,335 |
| 2019 | $8,860 | $34,324 | $2,385 | $31,939 |
| 2018 | $8,214 | $29,868 | $2,146 | $27,722 |
| 2017 | $8,077 | $29,868 | $2,146 | $27,722 |
| 2016 | $8,733 | $33,298 | $2,146 | $31,152 |
| 2015 | $7,356 | $26,564 | $1,908 | $24,656 |
| 2014 | $7,283 | $26,564 | $1,908 | $24,656 |
| 2013 | $7,079 | $26,564 | $1,908 | $24,656 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2025
Anna Kaluza
Chicagoland Brokers, Inc.
(773) 405-9495
3 in this area
40 Total Sales
-
S
Seller's Agent in 2025
Sylwia Chliborob-Pawlak
Redfin Corporation
-
Buyer's Agent in 2025
Laura Jones
Compass
(847) 624-4383
1 in this area
65 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12392521
APN: 02-12-313-002-0000
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