NOT LISTED FOR SALE

1041 E Palatine Rd Unit 13 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $288,000 - $338,000

2 Beds
2 Baths
-- Sq Ft
$292/mo HOA Fee

Last Sold August 28, 2020

Last sale price $215,000

Est. 40% increase in value since last sale

Current estimated payment $2,354/month

7 Days on Market

Highlights

  • Vaulted Ceiling
  • End Unit
  • Stainless Steel Appliances
  • Winston Campus Elementary School Rated A-
  • Walk-In Pantry
  • Skylights

About This Home

As of August 2020

Fabulous end unit townhome with many upgrades and features*Loads of natural sunlight*Covered entry*Private patio*Newer (past couple of years) eat-in kitchen, smart thermostat (Ecobee), carpet, furnace, water heater & siding*New in 2019-2020) Driveway, entryway tile, entry way trim, living room window treatments, 2nd floor light fixtures, ceiling fans and clothes dryer*This is a true 2 bedroom home plus a large loft that may be easily converted into a 3rd bedroom*Amazing eat-in kitchen with soft close drawers, marble counters and stainless steel appliances*Large master bedroom with a walk-in closet*Location is key*Short walk or bike ride to Twin Lakes which offers a wonderful park, walking/skating/biking path, golf, driving range, paddle boats and a great snack bar. Twin Lakes also features Friday night entertainment during the summer (pre-Covid)*This home is also located in between downtown Palatine and downtown Arlington Heights so you can hop on the Metra train as well as enjoying all of the dining, shopping and entertainment of both of these wonderful towns have to offer. The public pool and park district are right down the street as well as Arlington Race Track. It's also super close to IL Route 53 so you can catch all major highways and Woodfield Mall.***This home is a 10+ and is a must see*

Last Agent to Sell the Property

David Bulava

Keller Williams Premiere Properties License #475148803 Listed on: 07/17/2020

Keller Williams Premiere Properties

Last Buyer's Agent

Sean Dailey

HomeSmart Connect License #471021027

HomeSmart Connect

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,014

Year Built

  • 1985

Lot Details

  • End Unit

HOA Fees

  • $292 per month

Parking

  • Attached Garage
  • Garage Transmitter
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • Vaulted Ceiling
  • Skylights
  • Dining Area
  • Laminate Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Common Area
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,014

Year Built

1985

Lot Details

0

HOA Fees

$292 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 1
  • Age: 31-40 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1.1
  • Estimated Year Built: 1985
  • Tax Exemptions: Homeowner
  • Type Attached: Townhouse-2 Story
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1985

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), Wood Laminate Floors, 2nd Floor Laundry, Laundry Hook-Up in Unit
  • Number Of Rooms: 5
  • Living Room: Dimensions: 17X11, On Level: Main Level, Flooring: Carpet, Windows: All
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
  • Equipment: TV-Cable, CO Detectors, Ceiling Fan
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 08X05, On Level: 2nd Level, Flooring: Vinyl, Windows: None
  • Kitchen Type: Dimensions: 10X10, On Level: Main Level, Flooring: Wood Laminate, Windows: None
  • Kitchen Type: Eating Area-Table Space, Pantry-Closet
  • Additional Rooms: Eating Area
  • Master Bedroom: Dimensions: 16X11, On Level: 2nd Level, Flooring: Carpet, Windows: All
  • Additional Room 1 Name: Eating Area, Dimensions: 11X10, On Level: Main Level, Flooring: Wood Laminate, Windows: All
  • Bedroom 2: Dimensions: 11X10, On Level: 2nd Level, Flooring: Carpet, Windows: All

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Aluminum Siding, Vinyl Siding, Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio, Porch, Storms/Screens, End Unit

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: ANY
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Common Insurance, Exterior Maintenance, Lawn Care, Snow Removal
  • Assessment Association Fees: 292
  • Management Phone: 847-806-6121

Fee Information

  • Management Company: Property Specialist Stonington

Schools

  • School District: 211
  • Elementary School: Winston Campus-Elementary
  • Middle School: Winston Campus-Junior High
  • High School: Palatine High School
  • Junior High Dist: 15

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds
  • Parcel Identification Number: 02241040591015

Multi Family

  • Total Number Unitsin Building: 4
  • Number Stories: 2

Tax Info

  • Taxes: 5511.39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Aug 27, 2020
Sold by
Amato Daniel and Amato Justin
Bought by
Leff Jessica
Seller's Agent
David Bulava
Keller Williams Premiere Properties
Buyer's Agent
Sean Dailey
HomeSmart Connect
List Price
$219,900
Sold Price
$215,000
Premium/Discount to List
-$4,900
-2.23%
Current Estimated Value
$301,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,702
Avg. Annual Appreciation
7.92%
Original Mortgage
$204,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2018
Closed on
Jun 13, 2018
Sold by
Titre Luke M and Titre Lisa A
Bought by
Amato Dan and Amato Justine
Seller's Agent
Jennie Slania
Evegenia's LLC
Buyer's Agent
David Bulava
Keller Williams Premiere Properties
List Price
$204,900
Sold Price
$203,000
Premium/Discount to List
-$1,900
-0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.63%
Original Mortgage
$196,910
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2009
Sold by
Bott Jeffrey O
Bought by
Titre Luke M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Interest Rate
5.15%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2003
Sold by
Longstreet Scott E and Longstreet Cheryl M
Bought by
Bott Jeffrey O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2000
Sold by
Longstreet Scott E and Longstreet Cheryl M
Bought by
Longstreet Scott E and Longstreet Cheryl M

Purchase Details

Closed on
Sep 24, 1998
Sold by
Helton Diane L
Bought by
Longstreet Scott E and Szyska Cheryl M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,550
Interest Rate
6.99%

Purchase Details

Closed on
Sep 15, 1993
Sold by
Cavanaugh Thomas C and Scully Samanatha A
Bought by
Helton Diane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,750
Interest Rate
7.22%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Leff Jessica $215,000 Chicago Title
Amato Dan $203,000 Attorney
Titre Luke M $180,000 First American Title
Bott Jeffrey O $184,500 --
Longstreet Scott E -- Chicago Title Insurance Co
Longstreet Scott E -- --
Helton Diane L $73,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leff Jessica $204,250
Previous Owner Amato Dan $196,910
Previous Owner Titre Luke M $173,408
Previous Owner Titre Luke M $176,739
Previous Owner Bott Jeffrey O $166,000
Previous Owner Longstreet Scott E $115,300
Previous Owner Longstreet Scott E $122,550
Previous Owner Helton Diane L $105,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $215,000 -2.2% --
07/24/2020 07/24/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $219,900 +8.3% --
06/15/2018 06/15/18 Sold $203,000 -0.9% --
04/15/2018 04/15/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $204,900 -- --
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 $5,014 $19,977 $3,104 $16,873
2023 $4,864 $19,977 $3,104 $16,873
2022 $4,864 $19,977 $3,104 $16,873
2021 $4,473 $16,622 $1,940 $14,682
2020 $4,472 $16,622 $1,940 $14,682
2019 $5,511 $18,570 $1,940 $16,630
2018 $3,541 $14,338 $1,746 $12,592
2017 $3,494 $14,338 $1,746 $12,592
2016 $3,517 $14,338 $1,746 $12,592
2015 $2,846 $11,459 $1,552 $9,907
2014 $2,833 $11,459 $1,552 $9,907
2013 $2,744 $11,459 $1,552 $9,907
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10785966

Midwest Real Estate Data (MRED)

APN: 02-24-104-059-1015