NOT LISTED FOR SALE

245 S Park Ln Unit 108 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $203,000 - $237,000

2 Beds
2 Baths
1,000 Sq Ft
$375/mo HOA Fee

Last Sold October 22, 2018

Last sale price $120,000 $120 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,875/month

10 Days on Market

Highlights

  • End Unit
  • Attached Garage
  • Patio
  • Winston Campus Elementary School Rated A-
  • Breakfast Bar
  • Storage

About This Home

As of October 2018

A rare first floor unit, in a well taken care of building, with a beautiful and secure lobby! This home has an open floor plan offering 2 spacious bedrooms, 2 full bathrooms, and tremendous closet space! The living room has sliding doors that lead to your private patio, the master bedrooms offers double closets with a private master bath, and the kitchen is adorned with maple cabinets, ceramic floors, and stainless steal appliances! Easy elevator access to the 2nd & 4th floor laundry rooms! Minutes from Rte. 83, Arlington Hts train station, bus service, O'Hare Airport, Woodfield Mall etc. Walking distance to Twin Lakes Park with golf, fishing and serene walking trails. This subdivision features the following amenities: out-door pool, tennis courts, and clubhouse. Assessments include heat and water, a bike room accessed from the lobby, and private storage unit. Underground garage parking included in price with additional outdoor parking for guests. Welcome home!

Last Agent to Sell the Property

Victoria Mullins

Haus & Boden, Ltd. License #475134514 Listed on: 08/26/2018

Last Buyer's Agent

Jason Giambarberee

@properties Christie's International Real Estate License #475149934

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,355

Year Built

  • 1975

Lot Details

  • 2.85

HOA Fees

  • $375 per month

Parking

  • Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Storage

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Home Security

Utilities

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

Additional Features

  • Patio
  • End Unit

Community Details

Pet Policy

  • Pets Allowed

Security

  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,355

Year Built

1975

Lot Details

0

HOA Fees

$375 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 1
  • Age: 41-50 Years
  • Full Bathrooms: 2
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1975
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Built: 1975

Interior Features

  • Interior Property Features: Elevator, Storage
  • Number Of Rooms: 5
  • Living Room: Dimensions: 23X13, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Equipment: Intercom
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 10X09, On Level: Main Level, Flooring: Carpet
  • Kitchen Type: Dimensions: 10X09, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 17X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 13X11, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 1000
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Exterior Property Features: Patio, Storms/Screens, End Unit

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s), Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager On-site
  • Pet Information: Cats OK
  • Common Area Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator, Exercise Room, Storage, Park/Playground, Party Room, Pool-Outdoors, Tennis Court/s
  • Assessment Includes: Heat, Water, Gas, Parking, Common Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 375
  • Management Contact Name: Anyone
  • Management Phone: 847-490-3833

Fee Information

  • Management Company: Associa Chicagoland

Schools

  • School District: 211
  • Junior High Dist: 15

Lot Info

  • Lot Dimensions: INTEGRAL
  • Parcel Identification Number: 02241050251008

Multi Family

  • Total Number Unitsin Building: 100
  • Number Stories: 4

Tax Info

  • Taxes: 2809.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2018
Closed on
Oct 10, 2018
Sold by
Abidin Syed Hilmy Zainol and Abidin Omar Syed
Bought by
Rivera Christian M and Perez Tatiana
Seller's Agent
Victoria Mullins
Haus & Boden, Ltd.
Buyer's Agent
Jason Giambarberee
@properties Christie's International Real Estate
List Price
$124,900
Sold Price
$120,000
Premium/Discount to List
-$4,900
-3.92%
Current Estimated Value
$225,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,741
Avg. Annual Appreciation
9.56%
Original Mortgage
$15,000
Outstanding Balance
$13,266
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$211,698

Purchase Details

Closed on
Sep 17, 2008
Sold by
Wells Fargo Bank National Association
Bought by
Omar Syed H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,393
Interest Rate
5.95%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2008
Sold by
Barriga Andres and Case #07 Ch 22702
Bought by
Wells Fargo Bank Na and Bank Of America Abfc 2005-He2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,393
Interest Rate
5.95%
Mortgage Type
FHA

Purchase Details

Closed on
May 6, 2005
Sold by
Pontrelli Mark
Bought by
Barriga Andres and Ghanayem Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,800
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2005
Sold by
Witt Daniel
Bought by
Pontrelli Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2000
Sold by
Witt Judith A
Bought by
Witt Daniel
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
Rivera Christian M $120,000 Heritage Title Company
Omar Syed H $129,000 Ticor Title Insurance Co
Wells Fargo Bank Na -- None Available
Barriga Andres $181,000 Ticor Title Insurance Compan
Pontrelli Mark $145,000 Multiple
Witt Daniel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Tatiana $15,000
Open Rivera Christian M $111,000
Previous Owner Ahmed Omar Syed H $118,011
Previous Owner Omar Syed H $127,393
Previous Owner Barriga Andres $144,800
Previous Owner Pontrelli Mark $130,500
Closed Barriga Andres $36,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2018 10/22/18 Sold $120,000 -3.9% $120 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
08/26/2018 08/26/18 For Sale $124,900 -- $125 / 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 $3,355 $14,467 $1,033 $13,434
2023 $3,245 $14,467 $1,033 $13,434
2022 $3,245 $14,467 $1,033 $13,434
2021 $2,455 $10,624 $645 $9,979
2020 $2,488 $10,624 $645 $9,979
2019 $3,523 $11,870 $645 $11,225
2018 $2,863 $8,815 $580 $8,235
2017 $2,810 $8,815 $580 $8,235
2016 $2,618 $8,815 $580 $8,235
2015 $2,823 $8,765 $516 $8,249
2014 $2,793 $8,765 $516 $8,249
2013 $2,724 $8,765 $516 $8,249
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10063469

Midwest Real Estate Data (MRED)

APN: 02-24-105-025-1008