235 E Palatine Rd Unit 1C Palatine, IL 60067
Downtown Palatine NeighborhoodEstimated Value: $104,000 - $131,214
1
Bed
1
Bath
700
Sq Ft
$275/mo
HOA Fee
Highlights
- Deck
- Living Room
- Laundry Room
- Palatine High School Rated A
- Resident Manager or Management On Site
- Dining Room
About This Home
As of September 2022EXCELLENT INVESTMENT! The HOA only requires 12-mo or longer leases and no rental caps. Yielding an estimated 7% cap rate at current market value rents and located in the highly coveted and private Colonial Court, this spacious 1-bedroom condo features 1 assigned exterior parking space, an in-unit dishwasher, and an unbeatable location to downtown Palatine! The spacious kitchen features ample cabinet and countertop space. Updated wood laminate flooring throughout provides a warm cozy feel. The bedroom has plenty of space and a large closet provides ample storage. Just a short walk to downtown Palatine, the metra, and tons of local shops and restaurants. Parking spot 16 along with guest parking allows for plenty of parking spaces. The coin laundry and an assigned storage locker are located in the basement.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,170
Year Built
- Built in 1970
Lot Details
- 0.71
HOA Fees
- $275 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Family Room
- Living Room
- Dining Room
- Laminate Flooring
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Parking
- 1 Parking Space
- Driveway
- Uncovered Parking
- Parking Included in Price
- Assigned Parking
Outdoor Features
- Deck
Schools
- Gray M Sanborn Elementary School
- Walter R Sundling Junior High Sc
- Palatine High School
Utilities
- One Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger
- 8 Units
- Manager Association, Phone Number (847) 985-4044
- Colonial Court Subdivision
- Property managed by ABC Property Management
Amenities
- Coin Laundry
- Community Storage Space
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2022
Closed on
Sep 12, 2022
Sold by
J R Rohrman Automobiles Llc
Bought by
Gomez Juan
Seller's Agent
Andrew Congenie
Compass
Buyer's Agent
Marla Schneider
Coldwell Banker Realty
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Total Days on Market
1
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
$27,304
Avg. Annual Appreciation
10.39%
Original Mortgage
$67,500
Outstanding Balance
$65,446
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$51,858
Purchase Details
Listed on
Jan 26, 2018
Closed on
Jan 11, 2018
Sold by
Pittman Michael L and Pittman Kathleen M
Bought by
Jr Rohrman Automobiles Llc
Seller's Agent
Michael Pittman
Compass
Buyer's Agent
Jim Murphy
@properties Christie's International Real Estate
Sold Price
$800
Purchase Details
Closed on
Jul 27, 2015
Sold by
Plttman Michael L and Pittman Kathleen M
Bought by
The Pittman Declaration Of Trust
Purchase Details
Closed on
May 26, 2005
Sold by
Burchert David M
Bought by
Pittman Michael L and Pittman Kathleen M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,800
Interest Rate
5.82%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Dec 17, 2004
Sold by
Brandt Joann P
Bought by
Burchert David M
Purchase Details
Closed on
Jan 14, 1998
Sold by
Story Jolynn M
Bought by
Brandt Joann P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.24%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 17, 1996
Sold by
Neulist Jakob J
Bought by
Story Jolynn M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
8.44%
Mortgage Type
FHA
Similar Homes in Palatine, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gomez Juan | $90,000 | None Listed On Document | |
| Jr Rohrman Automobiles Llc | $75,000 | Fidelity National Title | |
| The Pittman Declaration Of Trust | -- | Attorney | |
| Pittman Michael L | $101,000 | Pntn | |
| Burchert David M | $77,500 | -- | |
| Brandt Joann P | $57,000 | -- | |
| Story Jolynn M | $57,000 | Attorneys Natl Title Network |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gomez Juan | $67,500 | |
| Previous Owner | Pittman Michael L | $80,800 | |
| Previous Owner | Brandt Joann P | $12,500 | |
| Previous Owner | Brandt Joann P | $55,000 | |
| Previous Owner | Story Jolynn M | $55,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2022 09/26/22 | Sold | $90,000 | -5.3% | $129 / Sq Ft |
| 08/27/2022 08/27/22 | Pending | -- | -- | -- |
| 08/25/2022 08/25/22 | For Sale | $95,000 | 0.0% | $136 / Sq Ft |
| 02/01/2018 02/01/18 | Rented | $800 | 0.0% | -- |
| 01/26/2018 01/26/18 | For Rent | $800 | -- | -- |
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 | $2,246 | $7,844 | $981 | $6,863 |
| 2023 | $2,246 | $7,844 | $981 | $6,863 |
| 2022 | $2,246 | $7,844 | $981 | $6,863 |
| 2021 | $2,203 | $6,783 | $572 | $6,211 |
| 2020 | $2,170 | $6,783 | $572 | $6,211 |
| 2019 | $2,165 | $7,548 | $572 | $6,976 |
| 2018 | $1,514 | $4,871 | $531 | $4,340 |
| 2017 | $1,485 | $4,871 | $531 | $4,340 |
| 2016 | $1,381 | $4,871 | $531 | $4,340 |
| 2015 | $1,278 | $4,160 | $490 | $3,670 |
| 2014 | $1,263 | $4,160 | $490 | $3,670 |
| 2013 | $1,728 | $5,844 | $490 | $5,354 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Congenie
Seller's Agent in 2022
Andrew Congenie
Compass
(630) 403-8067
5 in this area
130 Total Sales
-
Marla Schneider
Buyer's Agent in 2022
Marla Schneider
Coldwell Banker Realty
(847) 682-9750
5 in this area
297 Total Sales
-
Seller's Agent in 2018
Michael Pittman
Compass
(312) 780-1948
4 in this area
32 Total Sales
-
Buyer's Agent in 2018
Jim Murphy
@ Properties
(847) 910-2333
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11612966
APN: 02-23-101-114-1004
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