1040 E Grissom Dr Palatine, IL 60074
Virginia Lake NeighborhoodEstimated payment $3,394/month
Highlights
- Recreation Room
- Ranch Style House
- Granite Countertops
- Palatine High School Rated A
- Wood Flooring
- L-Shaped Dining Room
About This Home
Ideally located in the Virginia Lake subdivision of Palatine, this expansive all brick Ranch is waiting for you and your family to enjoy 1800SF (appx) of living space. As you enter the foyer, you'll be stepping into the family room and kitchen (both recently gutted). You'll immediately notice the new kitchen upgrades with custom cabinetry, granite counters, island, stainless steel appliances, recessed lights, gorgeous wood flooring, 2 skylights, and tons of natural light! Spacious family room features a striking stone fireplace, sliding doors overlooking the huge outdoor patio, beautiful wood floors, and new recessed lighting. Adjacent to the kitchen is the dining and living room areas with hardwood floors throughout. This floorplan is perfect for casual or formal gatherings, dinners, and entertaining!! The 3 bedrooms are all generous sizes with great closet space. The primary bedroom includes a full bath with a walk-in closet! Main level laundry room, so no lugging of clothes up and down stairs! Very spacious lower level with all kinds of possibilities and expansion ideas. Walls are finished and recently painted, upgraded elec panel box, plus additional storage and utility rooms, and separate crawl space. NOTE: Additional home generator also included!!! 2 car attached garage with more storage. Large backyard waiting for your ideas. *Lot SF 12,452. *** Close to Schools, Sycamore Park, Palatine Bike trails, Shops, etc. You're only minutes from Route 53 for easy commutes!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,589
Year Built
- Built in 1971
Parking
- 2 Car Attached Garage
- Parking Available
- Garage Door Opener
Home Design
- Ranch Style House
- Brick Exterior Construction
- Radon Mitigation System
Interior Spaces
- 1,800 Sq Ft Home
- Recessed Lighting
- Fireplace With Gas Starter
- Entrance Foyer
- Family Room with Fireplace
- Living Room
- L-Shaped Dining Room
- Recreation Room
- Lower Floor Utility Room
- Storage Room
Kitchen
- Range
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
Flooring
- Wood
- Porcelain Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
- Sink Near Laundry
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Crawl Space
- Basement Storage
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
Additional Features
- Patio
- Lot Dimensions are 74x179x66x31x134
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $7,197 | $43,000 | $9,962 | $33,038 |
| 2024 | $7,197 | $30,278 | $8,405 | $21,873 |
| 2023 | $8,261 | $35,000 | $8,405 | $26,595 |
| 2022 | $8,261 | $35,000 | $8,405 | $26,595 |
| 2021 | $5,076 | $21,625 | $7,782 | $13,843 |
| 2020 | $5,132 | $21,625 | $7,782 | $13,843 |
| 2019 | $7,829 | $27,298 | $7,782 | $19,516 |
| 2018 | $9,412 | $30,287 | $7,159 | $23,128 |
| 2017 | $9,234 | $30,287 | $7,159 | $23,128 |
| 2016 | $8,588 | $30,287 | $7,159 | $23,128 |
| 2015 | $8,103 | $26,374 | $6,537 | $19,837 |
| 2014 | $8,005 | $26,374 | $6,537 | $19,837 |
| 2013 | $6,467 | $26,374 | $6,537 | $19,837 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/15/2026 03/15/26 | Pending | -- | -- | -- | |
| 03/10/2026 03/10/26 | For Sale | $525,000 | +23.5% | $292 / Sq Ft | |
| 10/15/2025 10/15/25 | Sold | $425,000 | 0.0% | $236 / Sq Ft | View Prior Sale |
| 09/05/2025 09/05/25 | Pending | -- | -- | -- | |
| 09/03/2025 09/03/25 | For Sale | $424,900 | -- | $236 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $271,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $163,000 | Balloon |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12577138
APN: 02-12-307-003-0000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.