1050 N Penny Ln Palatine, IL 60067
Baldwin NeighborhoodEstimated Value: $651,422 - $706,000
5
Beds
3
Baths
3,090
Sq Ft
$219/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Formal Dining Room
- Built-In Features
- Palatine High School Rated A
- 3 Car Attached Garage
- Patio
About This Home
As of September 2022GREAT OPPORTUNITY to live in the sought after Concord Estates subdivision in Palatine! This beautiful, well-maintained 2-story home features 5 bedrooms, 3 baths, and over 3,000 SF of living space with many upgrades throughout. The grand two-story foyer greets you as you enter the sun-filled living room and dining room highlighting the gorgeous cherry hardwood floors. Spacious kitchen has 42" cabinets, large center island, and spacious eating area with sliding doors accessing patio. Kitchen opens to adjacent family room which features cherry hardwood floors, lots of windows with custom plantation shutters, and cozy travertine fireplace. First floor also features bedroom and full hall bath with walk-in shower, ideal for in-law arrangement or home office. Mud room off kitchen accesses laundry room, basement, and 3-car garage. Second floor features BRAND NEW CARPET throughout. Spacious master suite has cathedral ceiling, two large walk-in closets, and luxurious master bath with large soaking tub, glass enclosed walk-in shower, and two separate vanities. Three additional spacious bedrooms and a full hall bath complete the second level. Enjoy outdoor living and entertaining in your beautiful, private backyard featuring expansive 700 SF brick patio, lush professional landscaping, and gas hook-up. Unfinished full basement, with roughed in plumbing, is great for storage and is waiting for your personal touch. Convenient location close to YMCA, schools, Metra, forest preserve, shopping, restaurant, expressways, and much more!
Last Agent to Sell the Property
Grandview Realty, LLC License #475183367 Listed on: 07/21/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,614
Year Built
- Built in 2002
Lot Details
- 9,100
HOA Fees
- $25 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Interior Spaces
- 3,090 Sq Ft Home
- 2-Story Property
- Built-In Features
- Ceiling Fan
- Family Room with Fireplace
- Living Room
- Formal Dining Room
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 3 Full Bathrooms
- Dual Sinks
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Home Security
- Storm Screens
- Carbon Monoxide Detectors
Schools
- Stuart R Paddock Elementary School
- Walter R Sundling Junior High Sc
- Palatine High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
Additional Features
- Patio
- 9,100 Sq Ft Lot
Community Details
- Association fees include exterior maintenance, lawn care
- Property Manager Association, Phone Number (847) 749-7842
- Concord Estates Subdivision
- Property managed by Concord Estates HOA
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2022
Closed on
Sep 12, 2022
Sold by
Mccormick Michael V
Bought by
Jose Nishad and Enchanattil Reshmi
Seller's Agent
Laura Horlbeck
Grandview Realty, LLC
Buyer's Agent
Laura Horlbeck
Grandview Realty, LLC
List Price
$554,900
Sold Price
$535,000
Premium/Discount to List
-$19,900
-3.59%
Total Days on Market
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,106
Avg. Annual Appreciation
7.72%
Original Mortgage
$390,550
Outstanding Balance
$375,923
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$277,598
Purchase Details
Closed on
Sep 27, 2007
Sold by
Gmac Global Relocation Services Llc
Bought by
Mccormick Michael V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.5%
Mortgage Type
Unknown
Purchase Details
Closed on
May 7, 2007
Sold by
Jimenez Alexander C and Jimenez Gina C
Bought by
Gmac Global Relocation Services Llc
Purchase Details
Closed on
Feb 1, 2002
Sold by
Concord Mills Estates Llc
Bought by
Jimenez Alexander C and Jimenez Gina C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,500
Interest Rate
6.92%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mccormick Michael V | $540,000 | Stewart Title Of Illinois | |
| Gmac Global Relocation Services Llc | $552,500 | Stewart Title Of Illinois | |
| Jimenez Alexander C | $408,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nishad Jose | $125,000 | |
| Open | Mccormick Michael | $417,000 | |
| Closed | Mccormick Michael | $417,000 | |
| Closed | Mccormick Michael V | $417,000 | |
| Previous Owner | Jimenez Alexander C | $378,807 | |
| Previous Owner | Jimenez Alexander C | $37,500 | |
| Previous Owner | Jimenez Alexander C | $345,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2022 09/23/22 | Sold | $535,000 | -3.6% | $173 / Sq Ft |
| 08/16/2022 08/16/22 | For Sale | $554,900 | 0.0% | $180 / Sq Ft |
| 08/16/2022 08/16/22 | Pending | -- | -- | -- |
| 07/21/2022 07/21/22 | For Sale | $554,900 | -- | $180 / 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 | $13,913 | $48,566 | $5,460 | $43,106 |
| 2023 | $13,913 | $52,000 | $5,460 | $46,540 |
| 2022 | $13,913 | $52,000 | $5,460 | $46,540 |
| 2021 | $11,716 | $39,404 | $3,185 | $36,219 |
| 2020 | $11,614 | $39,404 | $3,185 | $36,219 |
| 2019 | $11,601 | $43,880 | $3,185 | $40,695 |
| 2018 | $12,921 | $45,012 | $2,957 | $42,055 |
| 2017 | $12,695 | $45,012 | $2,957 | $42,055 |
| 2016 | $12,055 | $45,012 | $2,957 | $42,055 |
| 2015 | $11,976 | $41,602 | $2,730 | $38,872 |
| 2014 | $12,748 | $44,569 | $2,730 | $41,839 |
| 2013 | $13,520 | $48,343 | $2,730 | $45,613 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Horlbeck
Seller's Agent in 2022
Laura Horlbeck
Grandview Realty, LLC
(630) 235-4791
1 in this area
84 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11471327
APN: 02-09-311-008-0000
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