1005 E Olde Virginia Rd Palatine, IL 60074
Virginia Lake Neighborhood
4
Beds
2.5
Baths
2,144
Sq Ft
4,792
Sq Ft Lot
Highlights
- Open Floorplan
- Mature Trees
- Deck
- Palatine High School Rated A
- Community Lake
- Property is near a park
About This Home
As of March 2025**MULTIPLE OFFERS RECEIVED. The highest and best offer due by 6pm on Friday, March 14th** Welcome to Meadow Lakes subdivision! The largest model in an excellent location- close to shopping and transportation plus a private premium lot with beautiful sunset views in the backyard! This fixer-upper offers 4 bedrooms, 2.5 baths, living room and family room on the main level, separate dining room, full finished basement and a 2 car attached garage. Mostly original condition throughout except the HVAC SYSTEM 2022, WATER HEATER 2022. Sold in AS-IS CONDITION. Great potential here!
Last Agent to Sell the Property
Sylwia Chliborob-Pawlak
Redfin Corporation Listed on: 03/10/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,187
Year Built
- Built in 1987
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 55x95
- Backs to Open Ground
- Partially Fenced Property
- Paved or Partially Paved Lot
- Mature Trees
HOA Fees
- $15 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Traditional Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,144 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Blinds
- French Doors
- Family Room
- Living Room
- Formal Dining Room
- Recreation Room
- Unfinished Attic
Kitchen
- Range<<rangeHoodToken>>
- <<microwave>>
- Dishwasher
Flooring
- Partially Carpeted
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
Laundry
- Laundry Room
- Laundry in multiple locations
- Dryer
- Washer
- Sink Near Laundry
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Schools
- Jane Addams Elementary School
- Winston Campus Middle School
- Palatine High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Satellite Dish
Additional Features
- Deck
- Property is near a park
Community Details
- Meadow Lake Subdivision
- Property managed by Meadow Lake HOA
- Community Lake
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
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
6.96%
Original Mortgage
$367,500
Outstanding Balance
$277,188
Interest Rate
6.85%
Mortgage Type
Construction
Estimated Equity
$131,162
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 |
|---|---|---|---|---|
| 07/05/2025 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
-
Anna Kaluza
A
Seller's Agent in 2025
Anna Kaluza
Chicagoland Brokers, Inc.
(773) 405-9495
2 in this area
39 Total Sales
-
S
Seller's Agent in 2025
Sylwia Chliborob-Pawlak
Redfin Corporation
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12306502
APN: 02-12-313-002-0000
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