1055 E Olde Virginia Rd Palatine, IL 60074
Virginia Lake NeighborhoodEstimated Value: $395,000 - $421,485
3
Beds
2
Baths
1,500
Sq Ft
$271/Sq Ft
Est. Value
Highlights
- Deck
- Vaulted Ceiling
- Attached Garage
- Palatine High School Rated A
- Corner Lot
- Utility Room with Study Area
About This Home
As of August 2016The PRICE JUST GOT BETTER!! in Meadow Lake!!! Great INTERIOR LOCATION. NEWER: ROOF, SIDING, GARAGE DOOR & OPENER. Wood Laminate flooring on 1st and 2nd FLOORS! UPDATED KITCHEN. Separate DINING ROOM with SLIDERS to HUGE DECK & FENCED YARD. VAULTED CEILINGS IN LR/DR. Large LOWER LEVEL FAMILY ROOM W/ ADJACENT BONUS ROOM FOR TOYS OR COMPUTER. 1 BLOCK TO PALATINE HS. NOT A SHORT SALE OR FORECLOSURE. PRICED TO SELL!! Needs some TLC. Priced Accordingly!!
Last Agent to Sell the Property
HomeSmart Connect LLC License #475116840 Listed on: 05/02/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,899
Year Built
- 1987
Lot Details
- 6,403
Parking
- Attached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Garage Is Owned
Home Design
- Bi-Level Home
- Brick Exterior Construction
- Slab Foundation
- Asphalt Shingled Roof
Interior Spaces
- Vaulted Ceiling
- Utility Room with Study Area
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Finished Basement Bathroom
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Lake Michigan Water
Additional Features
- Deck
- Corner Lot
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 8, 2021
Sold by
Venegas Esteban
Bought by
Venegas Esteban
Total Days on Market
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,737
Outstanding Balance
$216,258
Interest Rate
2.25%
Mortgage Type
FHA
Estimated Equity
$195,914
Purchase Details
Listed on
May 2, 2016
Closed on
Jul 28, 2016
Sold by
Zou Wei and Tang Qin
Bought by
Venegas Esteban
Seller's Agent
Patricia Loftus
HomeSmart Connect LLC
Buyer's Agent
Hugo Estarita
HomeSmart Connect LLC
List Price
$230,000
Sold Price
$226,000
Premium/Discount to List
-$4,000
-1.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Original Mortgage
$221,906
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 15, 2002
Sold by
Stratton Vince V
Bought by
Zou Wei and Tang Qin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.25%
Purchase Details
Closed on
Jun 29, 2000
Sold by
Niven Troy R and Niven Kimberly A
Bought by
Stratton Vincent V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
8.24%
Purchase Details
Closed on
Feb 26, 1999
Sold by
Kerr Kimberly K and Kerr Steven W
Bought by
Niven Troy R and Niven Kimberly A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.83%
Purchase Details
Closed on
Nov 22, 1996
Sold by
Bishop Warren E and Bishop Diane
Bought by
Kerr Steven W and Kerr Kimberly K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,237
Interest Rate
7.85%
Mortgage Type
VA
Similar Homes in Palatine, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Venegas Esteban | -- | Accommodation | |
| Venegas Esteban | $226,000 | Attorney | |
| Zou Wei | $245,000 | First American Title | |
| Stratton Vincent V | $210,000 | -- | |
| Niven Troy R | $185,000 | Chicago Title Insurance Co | |
| Kerr Steven W | $166,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Venegas Esteban | $234,737 | |
| Closed | Venegas Esteban | $221,906 | |
| Previous Owner | Zou Wei | $195,000 | |
| Previous Owner | Zou Wei | $196,000 | |
| Previous Owner | Zou Wei | $196,000 | |
| Previous Owner | Zou Wei | $196,000 | |
| Previous Owner | Stratton | $43,000 | |
| Previous Owner | Stratton | $192,000 | |
| Previous Owner | Stratton Vincent V | $189,000 | |
| Previous Owner | Niven Troy R | $166,500 | |
| Previous Owner | Kerr Steven W | $171,237 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2016 08/01/16 | Sold | $226,000 | +2.8% | $151 / Sq Ft |
| 05/06/2016 05/06/16 | Pending | -- | -- | -- |
| 05/05/2016 05/05/16 | Price Changed | $219,900 | -4.4% | $147 / Sq Ft |
| 05/02/2016 05/02/16 | For Sale | $230,000 | -- | $153 / 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 | $7,899 | $31,000 | $5,113 | $25,887 |
| 2023 | $7,899 | $31,000 | $5,113 | $25,887 |
| 2022 | $7,899 | $31,000 | $5,113 | $25,887 |
| 2021 | $7,674 | $26,959 | $3,195 | $23,764 |
| 2020 | $7,632 | $26,959 | $3,195 | $23,764 |
| 2019 | $7,655 | $30,122 | $3,195 | $26,927 |
| 2018 | $7,023 | $22,600 | $2,875 | $19,725 |
| 2017 | $6,891 | $22,600 | $2,875 | $19,725 |
| 2016 | $6,408 | $22,600 | $2,875 | $19,725 |
| 2015 | $7,285 | $23,711 | $2,556 | $21,155 |
| 2014 | $7,197 | $23,711 | $2,556 | $21,155 |
| 2013 | $7,013 | $23,711 | $2,556 | $21,155 |
Source: Public Records
Agents Affiliated with this Home
-
Patricia Loftus
Seller's Agent in 2016
Patricia Loftus
The McDonald Group
(847) 212-6655
29 Total Sales
-
Hugo Estarita
Buyer's Agent in 2016
Hugo Estarita
The McDonald Group
(630) 361-2065
46 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09213005
APN: 02-12-313-026-0000
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