NOT LISTED FOR SALE

1135 E Potomac Ln Palatine, IL 60074

Virginia Lake Neighborhood

Estimated Value: $283,000 - $298,000

3 Beds
3 Baths
1,450 Sq Ft
$200/Sq Ft Est. Value

Sale Details

Date Sold: July 1, 2021

Last sale price $218,500 $151 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,385 / mo

19 Days on Market

Highlights

  • Waterfront
  • 1 Car Attached Garage
  • Dogs and Cats Allowed
  • Palatine High School Rated A
  • Central Air
  • 4-minute walk to Evergreen Park

About This Home

As of July 2021

***MULTIPLE OFFERS RECEIVED HIGHEST AND BEST BY MONDAY 17TH @ 12PM*** Welcome to your new home. Come see this 3 bedroom with 1.2 bath townhouse located in a very desirable part of Palatine. Enjoy lunch or dinner on one of two patios, and watch the beautiful man-made lake. Minutes away from 53 and Palatine Highschool, and great food. Enjoy the beautiful fireplace and mantle. This home is in excellent condition, and ready for years of memories.

Last Agent to Sell the Property

Samuel Olvera

Fathom Realty IL LLC License #475182775 Listed on: 05/11/2021

Fathom Realty IL LLC

Co-Listed By

Henry Velez

RE/MAX Top Performers License #475174539

Last Buyer's Agent

Sara Abbasi

Equity Market Realty Inc. License #475167105

Equity Market Realty Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,272

Year Built

  • Built in 1973

Lot Details

  • Waterfront

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,450 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Schools

  • Jane Addams Elementary School
  • Winston Campus-Junior High
  • Palatine High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include insurance, exterior maintenance, lawn care, snow removal
  • 2 Units
  • Jessica Aponte Association, Phone Number (847) 866-7400
  • Amber Ridge Subdivision
  • Property managed by Heil, Heil Smart and Golee LLC

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,272

Year Built

Built in 1973

Lot Details

1,960 Sq Ft Lot

HOA Fees

$325 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-2 Story
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Subdivision Name: Amber Ridge
  • Year Built: 1973
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • New Construction Y/N: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • LivingArea: 1450
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 325
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Heil, Heil Smart and Golee LLC
  • Management Contact Name: Jessica Aponte
  • Management Phone: 847-866-7400X648

Fee Information

  • Association Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Elementary School: Jane Addams Elementary School
  • High School: Palatine High School
  • Middle/Junior School: Winston Campus-Junior High

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 0
  • Special Assessments: U

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 4272
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2

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

Listed on
May 11, 2021
Closed on
Jun 22, 2021
Sold by
Bought by
Seller's Agent
Samuel Olvera
Fathom Realty IL LLC
Buyer's Agent
Sara Abbasi
Equity Market Realty Inc.
Sold Price
$218,500
Current Estimated Value
$290,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,203
Avg. Annual Appreciation
5.99%
Original Mortgage
$196,650
Outstanding Balance
$177,050
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$113,653

Purchase Details

Closed on
May 25, 2006
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
$172,000
Interest Rate
6.66%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 11, 2006
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
$100,000
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 12, 1995
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
$99,800
Interest Rate
7.9%
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
$218,500 Landtrust National Ttl Svcs
$215,000 Heritage Title Company
-- Stewart Title Of Illinois
$117,500 Attorneys Title Guaranty Fun
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
Open $196,650
Previous Owner $172,000
Previous Owner $100,000
Previous Owner $99,800
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
07/01/2021 07/01/21 Sold $218,500 +1.7% $151 / Sq Ft
05/18/2021 05/18/21 For Sale -- -- --
05/17/2021 05/17/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $214,900 -- $148 / 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 $5,921 $25,000 $3,930 $21,070
2024 $5,921 $20,000 $3,500 $16,500
2023 $5,728 $20,000 $3,500 $16,500
2022 $5,728 $20,000 $3,500 $16,500
2021 $4,245 $16,400 $982 $15,418
2020 $4,254 $16,400 $982 $15,418
2019 $4,272 $18,324 $982 $17,342
2018 $4,756 $18,739 $884 $17,855
2017 $4,684 $18,739 $884 $17,855
2016 $4,605 $18,739 $884 $17,855
2015 $4,240 $16,423 $786 $15,637
2014 $4,205 $16,423 $786 $15,637
2013 $4,080 $16,423 $786 $15,637
Source: Public Records

Agents Affiliated with this Home

  • Samuel Olvera

    Seller's Agent in 2021

    Samuel Olvera

    Fathom Realty IL LLC

    (224) 578-6133

    1 in this area

    11 Total Sales

    Samuel Olvera
    Section Image
  • Henry Velez

    Seller Co-Listing Agent in 2021

    Henry Velez

    RE/MAX

    (847) 636-1028

    1 in this area

    15 Total Sales

    Henry Velez
    Section Image
  • Sara Abbasi

    Buyer's Agent in 2021

    Sara Abbasi

    Equity Market Realty Inc.

    (773) 465-5068

    1 in this area

    11 Total Sales

    Sara Abbasi
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11069419

Midwest Real Estate Data (MRED)

APN: 02-12-300-140-0000

Illinois Cook County Palatine 60074 Virginia Lake

1135 E Potomac Ln, 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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