NOT LISTED FOR SALE

Estimated Value: $586,000 - $603,000

4 Beds
2.5 Baths
2,509 Sq Ft
$237/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $550,000 $219 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,223/month

13 Days on Market

Highlights

  • Lake Front
  • Colonial Architecture
  • Recreation Room
  • Palatine High School Rated A
  • Community Lake
  • Wood Flooring

About This Home

As of October 2024

RARE OPPORTUNITY TO LIVE ON A PRIVATE LAKE IN THE NORTHWEST SUBURBS. SWIM, SOAK AND FLOAT ALL SUMMER LONG IN ONE OF ILLINOIS CLEANEST SPRING FED LAKES THAT REACHES DEPTH OF 60FT. HOME ASSOCIATION HELD EVENTS SUCH AS THE FISHING DERBY, REGATTA, WASSAILING, AND VARIOUS OTHER LAKE PARTIES CREATES A WELCOMING AND ACTIVE COMMUNITY. THIS UPDATED CLASSIC COLONIAL FEATURES 4 BED, 2.5 BATH, A FULL FINISHED BASEMENT. UPDATED MASTER SUITE FEATURES ASH HARDWOOD FLOORING, WALK IN CLOSET WITH CUSTOM SHELVING. MAIN LEVEL FEATURES HARDWOOD FLOORS THROUGHOUT AND AN OEN CONCEPT KITCHEN/DINING ROOM. WRAP AROUND SCREEN IN PORCHED WITH A WRAP AROUND WOOD DECK OVER LOOKING THE LAKE PROVIDES PLENTY OF SPACE FOR ENTERTAINMENT! CONVENIENTLY LOCATED MINUTES FROM EXPRESSWAYS AND ARLINGTON PARK METRA. {POTENTIALLY THE NEXT HOME OF THE CHICAGO BEARS}. THIS PROPERTY IS A MUST SEE!

Last Agent to Sell the Property

Maria Chlopek

Chicagoland Brokers, Inc. License #475128069 Listed on: 08/22/2024

Chicagoland Brokers, Inc.

Last Buyer's Agent

John Poggas

Optimal Realty Inc License #471010427

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,481

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 86 x 120
  • Lake Front
  • Paved or Partially Paved Lot

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,509 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Home Office
  • Recreation Room
  • Screened Porch
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Tideland Water Rights

Schools

  • Jane Addams Elementary School
  • Palatine High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include lake rights
  • Spinnaker Cove Subdivision
  • Community Lake

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,481

Year Built

Built in 1972

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Spinnaker Cove
  • Year Built: 1972
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 1
  • LivingArea: 2509
  • Other Equipment: Humidifier, Sump Pump
  • Room Type: Recreation Room, Office, Screened Porch
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Lake Front
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Asphalt
  • Garage On-Site: No
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Community Features: Tennis Court(s), Lake, Water Rights, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Lake Rights

Schools

  • Elementary School: Jane Addams Elementary School
  • High School: Palatine High School

Lot Info

  • Lot Dimensions: 86 X 120
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 12481.18
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Oct 20, 2024
Sold by
Mai David and Mai Alexandra
Bought by
Mccarthy Daniel and Mckeon Megan
Seller's Agent
Maria Chlopek
Chicagoland Brokers, Inc.
Buyer's Agent
John Poggas
Optimal Realty Inc
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%
Views
29
Current Estimated Value
$595,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,604
Avg. Annual Appreciation
6.98%
Original Mortgage
$275,000
Outstanding Balance
$260,769
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$334,835

Purchase Details

Closed on
Apr 14, 2010
Sold by
Barnes William J
Bought by
Mai David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2001
Sold by
Barnes William J and Rochon Carolyn
Bought by
Barnes William J and William J Barnes Sr Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Buyer Sale Price Title Company
Mccarthy Daniel $550,000 Truly Title
Mai David $342,500 First American Title Ins Co
Barnes William J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarthy Daniel $275,000
Previous Owner Mai David $274,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2024 10/25/24 Sold $550,000 -8.3% $219 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $599,900 -- $239 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2025 $12,933 $55,000 $8,161 $46,839
2024 $12,933 $47,000 $6,886 $40,114
2023 $12,481 $47,000 $6,886 $40,114
2022 $12,481 $47,000 $6,886 $40,114
2021 $10,989 $37,166 $6,375 $30,791
2020 $10,898 $37,166 $6,375 $30,791
2019 $10,926 $41,527 $6,375 $35,152
2018 $12,489 $43,622 $5,865 $37,757
2017 $12,271 $43,622 $5,865 $37,757
2016 $11,661 $43,622 $5,865 $37,757
2015 $10,052 $35,338 $5,355 $29,983
2014 $9,946 $35,338 $5,355 $29,983
2013 $10,977 $37,113 $5,355 $31,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12144988

Midwest Real Estate Data (MRED)

APN: 02-12-403-019-0000