NOT LISTED FOR SALE

1441 E Olive St Palatine, IL 60074

Estimated Value: $322,000 - $409,826

4 Beds
3 Baths
1,781 Sq Ft
$214/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $252,500 $142 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,698/month

402 Days on Market

Highlights

  • Great Room
  • Game Room
  • Stainless Steel Appliances
  • Winston Campus Elementary School Rated A-
  • First Floor Utility Room
  • 3-minute walk to Rose Park

About This Home

As of May 2021

This house sits on a very generous lot in a great neighborhood. 4 bedrooms upstairs with plenty of space on two other levels. 2.5 bathrooms and unfinished basement. House sold as-is. Oversized lot opens other opportunities. Seller is motivated so make us an offer. No viewings of this property. Drive by only until further notice.

Last Agent to Sell the Property

Yasir Malik

Kairos Brokerage LLC License #475183819 Listed on: 02/25/2020

Co-Listed By

James Athanaspoulos

Kairos Brokerage LLC License #471010619

Last Buyer's Agent

James Athanaspoulos

Kairos Brokerage LLC License #471010619

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,123

Year Built

  • 1954

Lot Details

  • Fenced Yard

Parking

  • Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Tri-Level Property
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Great Room
  • Game Room
  • First Floor Utility Room
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,123

Year Built

1954

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Tri-Level
  • Type Detached: Split Level
  • Estimated Year Built: 1954
  • Tax Exemptions: Homeowner, Senior, Senior Freeze
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1954

Interior Features

  • Number Of Rooms: 6
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Equipment: TV-Dish, Security System, Sump Pump
  • Fireplace Location: Family Room, Living Room
  • Basement: Partial
  • Basement: Unfinished
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 4
  • Kitchen Type: On Level: Main Level
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Great Room, Game Room, Utility Room-1st Floor
  • Master Bedroom: Dimensions: 18X16, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Great Rm, Dimensions: 16X18, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Game Rm, Dimensions: 20X18, On Level: Main Level
  • Bedroom 2: Dimensions: 14X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 3 Name: Utility Room-1st Floor, Dimensions: 4X4, On Level: Main Level
  • Bedroom 3: Dimensions: 13X12, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 13X12, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 1781
  • Dining Room Type: Separate
  • Family Room: On Level: Main Level

Exterior Features

  • Foundation: Concrete
  • Lot Size: .50-.99 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Acreage: 0.5642

Garage/Parking

  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2.5
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Schools

  • School District: 211
  • Junior High Dist: 15

Lot Info

  • Lot Dimensions: 150 X 166
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 02244060570000

Tax Info

  • Taxes: 6138

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2020
Closed on
May 20, 2021
Sold by
Cga Re Cap Llc
Bought by
Ahmad Nader
Seller's Agent
Yasir Malik
Kairos Brokerage LLC
Buyer's Agent
James Athanaspoulos
Kairos Brokerage LLC
List Price
$259,900
Sold Price
$252,500
Premium/Discount to List
-$7,400
-2.85%
Total Days on Market
402
Current Estimated Value
$380,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,457
Avg. Annual Appreciation
10.66%
Original Mortgage
$202,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2020
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cga Re Cap Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2019
Sold by
Ahmad Abedelal
Bought by
Federal Home Loan Mortgage Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 1996
Sold by
Plant James D and Plant Diane S
Bought by
Ahmad Abedelal and Abedelal Ahmad Intisar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.87%

Purchase Details

Closed on
Jan 6, 1995
Sold by
Seifert George E and Seifert Margaret M
Bought by
Plant James D and Plant Diane S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
8.7%
Source: Public Records

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Range of Values:

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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
Ahmad Nader $252,500 Greater Illinois Title Co
Cga Re Cap Llc $201,500 Advantage Title Company Llc
Federal Home Loan Mortgage Corp -- Premier Title
Ahmad Abedelal $218,000 Chicago Title Insurance Co
Plant James D $216,500 Land Title Group Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ahmad Nader $202,000
Previous Owner Cga Re Cap Llc $10,000,000
Previous Owner Ahmad Abedelal $156,000
Previous Owner Ahmad Abedelal $150,000
Previous Owner Plant James D $193,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $252,500 0.0% $142 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
05/24/2020 05/24/20 Off Market $252,500 -- --
05/23/2020 05/23/20 For Sale $259,900 +2.9% $146 / Sq Ft
02/29/2020 02/29/20 Off Market $252,500 -- --
02/25/2020 02/25/20 For Sale $259,900 -- $146 / 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
2024 $8,123 $26,992 $13,492 $13,500
2023 $7,930 $26,992 $13,492 $13,500
2022 $7,930 $26,992 $13,492 $13,500
2021 $8,115 $24,114 $8,601 $15,513
2020 $7,977 $24,114 $8,601 $15,513
2019 $6,138 $26,853 $8,601 $18,252
2018 $11,860 $36,512 $7,986 $28,526
2017 $6,389 $36,512 $7,986 $28,526
2016 $10,845 $36,512 $7,986 $28,526
2015 $7,893 $29,071 $7,372 $21,699
2014 $7,646 $29,071 $7,372 $21,699
2013 $7,634 $29,071 $7,372 $21,699
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10646846

Midwest Real Estate Data (MRED)

APN: 02-24-406-057-0000