NOT LISTED FOR SALE

1481 N Gatewood Ave Unit 2 Palatine, IL 60067

Baldwin Neighborhood

Estimated Value: $305,000 - $360,694

3 Beds
1.5 Baths
2,054 Sq Ft
$166/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $331,000 $161 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,460/month

4 Days on Market

Highlights

  • Recreation Room
  • Mud Room
  • Stainless Steel Appliances
  • Palatine High School Rated A
  • Formal Dining Room
  • Fenced Yard

About This Home

As of June 2024

Multiple Offers Received! Highest & Best offers due by 7:00 pm on Saturday, May 4. Rarely available! Spacious 2-story townhome w/full finished basement in Cherrybrook Village! Largest model in complex! 3 BRs, 1.5 BAs, & private fenced yard w/patio that's perfect for pets or kids. One car attached garage plus extra guest parking on the street. First floor boasts new luxury vinyl planking thru-out & living room w/bay window & remodeled half bath. Kitchen has dining area & breakfast bar open to large family room w/updated gas start FP. Second floor has 3 bedrooms with generous closets (primary BR has 2 closets including new walk-in) & an updated full bath w/new Bath Fitter surround. The finished basement includes a recreation room w/bar for entertaining, laundry room & extra closet storage space. Additional upgrades done in the past 5 yrs include SS kitchen appls, sump pump w/battery bk-up, furnace motor, exterior lighting & landscaping. Furnace & A/C cleaned & checked last month. Great location near award-winning schools, several parks, shopping, restaurants, golf course, forest preserve, riding stables & Metra. Low monthly association fees, too! Great investment whether you make this your home or rent it out!

Last Agent to Sell the Property

Sue Gould

Berkshire Hathaway HomeServices Starck Real Estate License #471006015 Listed on: 04/30/2024

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Karen Danenberg Group

Keller Williams Thrive License #475125211

Keller Williams Thrive

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,607

Year Built

  • Built in 1985

Lot Details

  • Lot Dimensions are 30 x 73
  • Fenced Yard

HOA Fees

  • $119 Monthly HOA Fees

Parking

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

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,054 Sq Ft Home
  • 2-Story Property
  • Dry Bar
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Attached Fireplace Door
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Storage
  • Partially Carpeted

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Basement Storage
  • Basement Window Egress

Home Security

Outdoor Features

  • Patio

Schools

  • Gray M Sanborn Elementary School
  • Walter R Sundling Junior High Sc
  • Palatine High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include insurance, lawn care, snow removal
  • Staff Association, Phone Number (847) 367-4808
  • Cherrybrook Village Subdivision, Danbury Floorplan
  • Property managed by Villa Management

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,607

Year Built

Built in 1985

Lot Details

0

HOA Fees

$119 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: Cherrybrook Village
  • Year Built: 1985
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 665
  • Fireplace Features: Attached Fireplace Doors/Screen, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Bar-Dry, Laundry Hook-Up in Unit, Storage, Some Carpeting
  • LivingArea: 2054
  • Other Equipment: Humidifier, CO Detectors, Ceiling Fan(s), Sump Pump, Water Heater-Gas
  • Room Type: Recreation Room, Foyer, Mud Room, Walk In Closet
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 2054
  • Basement Description: Finished,Egress Window,Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1389
  • Basement Sq Ft: 665
  • Fireplace Location: Family Room
  • Square Footage Comments: 1389 above grade sq ft plus approx 665 sq ft finished basement
  • Total Sq Ft: 2054
  • Upper Level Sq Ft: 640
  • Main Level Sq Ft: 749
  • Door Features: Storm Door(s),6 Panel Door(s),Sliding Glass Door(s)
  • Window Features: Blinds,Double Pane Windows,Screens
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 300000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 119
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Villa Management
  • Management Contact Name: Staff
  • Management Phone: 847-367-4808
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Gray M Sanborn Elementary School
  • High School: Palatine High School
  • Middle/Junior School: Walter R Sundling Junior High Sc
  • Middle/Junior School District: 15

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 73
  • Rural (Y/N): N
  • Special Assessments: N

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: 5607.13
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2024
Closed on
May 30, 2024
Sold by
Ehlert Daniel G and Sorensen Margaret A
Bought by
Tenney Kevin Michael and Tenney Kelly
Seller's Agent
Sue Gould
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Karen Danenberg Group
Keller Williams Thrive
List Price
$300,000
Sold Price
$331,000
Premium/Discount to List
$31,000
10.33%
Views
58
Current Estimated Value
$340,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,424
Avg. Annual Appreciation
2.39%
Original Mortgage
$264,000
Outstanding Balance
$260,931
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$79,494

Purchase Details

Listed on
Aug 23, 2017
Closed on
Sep 25, 2017
Sold by
Wood David and Wood Melissa
Bought by
Ehlert Daniel G and Sorensen Margaret Ann
Seller's Agent
Kimberly Schmidt
RE/MAX Liberty
Buyer's Agent
Steven Cohen
@properties Christie's International Real Estate
List Price
$210,000
Sold Price
$210,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$189,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2002
Sold by
Ward Martin E and Ward Kristine M
Bought by
Wood David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,450
Interest Rate
6.22%

Purchase Details

Closed on
Apr 30, 1999
Sold by
Rude Matthew C and Rude Angela
Bought by
Ward Martin E and Ward Kristine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
7.04%

Purchase Details

Closed on
Mar 31, 1995
Sold by
Wasikowski Wojciech and Wasikowski Renata
Bought by
Rude Matthew C and Donovan Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
8.79%
Source: Public Records

Range of Values:

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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
Tenney Kevin Michael $331,000 None Listed On Document
Ehlert Daniel G $210,000 Chicago Title
Wood David $191,000 --
Ward Martin E $144,000 --
Rude Matthew C $133,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tenney Kevin Michael $264,000
Previous Owner Ehlert Daniel G $181,500
Previous Owner Ehlert Daniel G $189,000
Previous Owner Wood David $88,000
Previous Owner Wood David $181,941
Previous Owner Wood David $181,450
Previous Owner Ward Martin E $115,200
Previous Owner Rude Matthew C $123,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $331,000 +10.3% $161 / Sq Ft
05/05/2024 05/05/24 Pending -- -- --
04/30/2024 04/30/24 For Sale $300,000 +42.9% $146 / Sq Ft
12/27/2017 12/27/17 Off Market $210,000 -- --
09/28/2017 09/28/17 Sold $210,000 0.0% $102 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
08/23/2017 08/23/17 For Sale $210,000 0.0% $102 / Sq Ft
07/17/2015 07/17/15 Rented $1,700 -5.6% --
07/17/2015 07/17/15 Under Contract -- -- --
06/29/2015 06/29/15 For Rent $1,800 -- --
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 $5,827 $23,000 $4,000 $19,000
2023 $5,607 $23,000 $4,000 $19,000
2022 $5,607 $23,000 $4,000 $19,000
2021 $5,073 $18,951 $2,737 $16,214
2020 $6,063 $18,951 $2,737 $16,214
2019 $6,073 $21,175 $2,737 $18,438
2018 $6,422 $20,664 $2,409 $18,255
2017 $6,300 $20,664 $2,409 $18,255
2016 $5,859 $20,664 $2,409 $18,255
2015 $5,659 $18,417 $2,190 $16,227
2014 $4,810 $18,417 $2,190 $16,227
2013 $4,669 $18,417 $2,190 $16,227
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12038638

Midwest Real Estate Data (MRED)

APN: 02-10-214-011-0000