124 W Colfax St Unit 504 Palatine, IL 60067
Downtown Palatine NeighborhoodEstimated Value: $245,000 - $324,000
2
Beds
2
Baths
1,300
Sq Ft
$335/mo
HOA Fee
Highlights
- Wood Flooring
- Balcony
- Attached Garage
- Palatine High School Rated A
- Skylights
- Breakfast Bar
About This Home
As of July 2016Beautiful, sunny top-floor unit in quiet and conveniently-located Wellington Court. Well-maintained and move-in ready with 2 bedrooms and 2 bathrooms. Open spacious floor plan with hardwood floors and an eat-in kitchen. This model features the largest kitchen layout in the building. Generous closet/storage space including a large walk-in master closet and 2 bonus storage units. In-unit laundry room and indoor parking! Located in downtown Palatine - walking distance to Metra Train, many restaurants and shops, farmer's market and more. Come see soon $1,500 credit to the winning bid (which will be paid to buyer at closing) if under contract by June 19th
Last Agent to Sell the Property
Jameson Sotheby's International Realty License #475161425 Listed on: 04/05/2016
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,817
Year Built
- 2002
Lot Details
- 0.88
HOA Fees
- $335 per month
Parking
- Attached Garage
- Heated Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- Primary Bathroom is a Full Bathroom
- Skylights
- Storage Room
- Wood Flooring
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Radiant Heating System
- Lake Michigan Water
Listing and Financial Details
- $1,500 Seller Concession
Community Details
Amenities
- Common Area
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2016
Closed on
Jul 15, 2016
Sold by
Mulkerrin Lauren F and Mulkerrin Patrick
Bought by
Kane Nancy and Mcalpine Ellen M
Seller's Agent
Courtney Elko
Jameson Sotheby's International Realty
Buyer's Agent
Christine Lee
RE/MAX Showcase
List Price
$229,000
Sold Price
$223,500
Premium/Discount to List
-$5,500
-2.4%
Total Days on Market
52
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
$76,185
Avg. Annual Appreciation
3.34%
Purchase Details
Closed on
Aug 24, 2009
Sold by
Sanchez Erik and Sanchez Linda
Bought by
Fernan Lauren F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 26, 2009
Sold by
Sanchez Erik
Bought by
Sanchez Erik and Sanchez Linda
Purchase Details
Closed on
Feb 27, 2002
Sold by
Colfax Development Llc
Bought by
Sanchez Erik and Delmedico Johanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,688
Interest Rate
6.25%
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 |
|---|---|---|---|
| Kane Nancy | $223,500 | Citywide Title Corporation | |
| Fernan Lauren F | $220,000 | Pntn | |
| Sanchez Erik | -- | Chicago Title Insurance Co | |
| Sanchez Erik | $190,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fernan Lauren F | $198,000 | |
| Previous Owner | Sanchez Erik C | $223,200 | |
| Previous Owner | Sanchez Erik | $223,200 | |
| Previous Owner | Sanchez Erik | $223,200 | |
| Previous Owner | Sanchez Erik | $223,000 | |
| Previous Owner | Sanchez Erik | $202,850 | |
| Previous Owner | Sanchez Erik | $200,000 | |
| Previous Owner | Sanchez Erik | $196,000 | |
| Previous Owner | Sanchez Erik | $160,000 | |
| Previous Owner | Sanchez Erik | $153,688 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2016 07/15/16 | Sold | $223,500 | -1.5% | $172 / Sq Ft |
| 05/27/2016 05/27/16 | Pending | -- | -- | -- |
| 04/14/2016 04/14/16 | Price Changed | $227,000 | -0.9% | $175 / Sq Ft |
| 04/05/2016 04/05/16 | For Sale | $229,000 | -- | $176 / 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 | $3,817 | $22,052 | $557 | $21,495 |
| 2023 | $3,810 | $22,052 | $557 | $21,495 |
| 2022 | $3,810 | $22,052 | $557 | $21,495 |
| 2021 | $4,206 | $20,772 | $324 | $20,448 |
| 2020 | $3,860 | $20,772 | $324 | $20,448 |
| 2019 | $3,825 | $23,116 | $324 | $22,792 |
| 2018 | $4,152 | $19,544 | $301 | $19,243 |
| 2017 | $5,959 | $19,544 | $301 | $19,243 |
| 2016 | $5,542 | $19,544 | $301 | $19,243 |
| 2015 | $5,105 | $16,614 | $278 | $16,336 |
| 2014 | $5,043 | $16,614 | $278 | $16,336 |
| 2013 | $4,914 | $16,614 | $278 | $16,336 |
Source: Public Records
Agents Affiliated with this Home
-
Courtney Elko
Seller's Agent in 2016
Courtney Elko
Jameson Sotheby's International Realty
(847) 951-5677
62 Total Sales
-
Christine Lee
Buyer's Agent in 2016
Christine Lee
RE/MAX
(847) 682-6162
23 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09185388
APN: 02-15-401-062-1037
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