NOT LISTED FOR SALE

1055 E Olde Virginia Rd Palatine, IL 60074

Virginia Lake Neighborhood

Estimated Value: $386,000 - $452,162

3 Beds
2 Baths
1,500 Sq Ft
$279/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2016

Last sale price $226,000 $151 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,981 / mo

4 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Attached Garage
  • Palatine High School Rated A
  • Corner Lot
  • Utility Room with Study Area

About This Home

As of August 2016

The 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

Patricia Loftus

HomeSmart Connect LLC License #475116840 Listed on: 05/02/2016

HomeSmart Connect LLC

Last Buyer's Agent

Hugo Estarita

HomeSmart Connect LLC License #475131961

HomeSmart Connect LLC

Home Details

Home Type

  • Single Family

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

Home Details

Home Type

Single Family

Year Built

1987

Lot Details

6,403 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service
  • Age: 26-30 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Style Of House: Bi-Level
  • Type Detached: Split Level
  • Estimated Year Built: 1987
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1987

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings
  • Number Of Rooms: 8
  • Living Room: Dimensions: 14X18, On Level: Main Level, Flooring: Wood Laminate, Windows: None
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Equipment: CO Detectors, Ceiling Fan, Sump Pump
  • Basement: Walkout
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 11X8, On Level: Main Level, Flooring: Wood Laminate, Windows: None
  • Kitchen Type: Dimensions: 11X12, On Level: Main Level, Flooring: Wood Laminate, Windows: None
  • Additional Rooms: Study
  • Master Bedroom: Dimensions: 13X12, On Level: 2nd Level, Flooring: Carpet, Windows: None
  • Additional Room 1 Name: Study, Dimensions: 10X10, On Level: Lower, Flooring: Vinyl, Windows: None
  • Bedroom 2: Dimensions: 11X11, On Level: 2nd Level, Flooring: Carpet, Windows: None
  • Bedroom 3: Dimensions: 10X13, On Level: 2nd Level, Flooring: Carpet, Windows: None
  • Estimated Sq Ft: 1500
  • Dining Room Type: L-shaped
  • Family Room: Dimensions: 19X23, On Level: Lower, Flooring: Carpet, Windows: None

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt
  • Garage Ownership: Owned

Utilities

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

Schools

  • Junior High Dist: 15

Lot Info

  • Lot Dimensions: 70X90
  • Lot Description: Corner
  • Parcel Identification Number: 02123130260000

Tax Info

  • Taxes: 7709

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2021
Sold by
Bought by
Current Estimated Value
$425,380

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
Interest Rate
0.0225%
Mortgage Type
FHA

Purchase Details

Listed on
May 2, 2016
Closed on
Jul 28, 2016
Sold by
Bought by
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
6.39%
Original Mortgage
$221,906
Interest Rate
0.0325%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 2002
Sold by
Bought by

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
0.0525%

Purchase Details

Closed on
Jun 29, 2000
Sold by
Bought by

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
0.0824%

Purchase Details

Closed on
Feb 26, 1999
Sold by
Bought by

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
0.0683%

Purchase Details

Closed on
Nov 22, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
$226,000 Attorney
$245,000 First American Title
$210,000 --
$185,000 Chicago Title Insurance Co
$166,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $234,737
Closed $221,906
Closed $196,000
Closed $189,000
Closed $166,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,196 $39,001 $6,072 $32,929
2024 $8,196 $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

    15 Total Sales

    Patricia Loftus
    Section Image
  • Hugo Estarita

    Buyer's Agent in 2016

    Hugo Estarita

    The McDonald Group

    (630) 361-2065

    33 Total Sales

    Hugo Estarita
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09213005

Midwest Real Estate Data (MRED)

APN: 02-12-313-026-0000

Illinois Cook County Palatine 60074 Virginia Lake

1055 E Olde Virginia Rd, Palatine, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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