NOT LISTED FOR SALE

245 S Park Ln Unit 114 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $237,000 - $248,615

2 Beds
2 Baths
1,200 Sq Ft
$395/mo HOA Fee

Last Sold April 03, 2023

Last sale price $200,000 $167 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,946/month

21 Days on Market

Highlights

  • Fitness Center
  • Lock-and-Leave Community
  • End Unit
  • Winston Campus Elementary School Rated A-
  • Clubhouse
  • Community Pool

About This Home

As of April 2023

When you step into the unit you will notice the wide plank flooring throughout. First floor corner unit offers updated kitchen with stainless steel appliances. Updated baths, large master bedroom with with plenty of closet space. Dining room is large enough to host a dinner party. Enjoy your breakfast coffee while enjoying the view out your private patio! Underground garage parking space (#57). This complex offers so much, pool, clubhouse, exercise room, walking paths and easy expressway access. Area amenities include close proximity to the train, adjacent to Twin Lakes which includes a 9 hole golf course, driving range, playground, paddle boats and other activities. 100% owner occupied - no rentals. Enjoy country club living at its best.

Last Agent to Sell the Property

Carol Lynn Seifert

Century 21 Circle License #475097491 Listed on: 02/07/2023

Century 21 Circle

Co-Listed By

Krystle King

Century 21 Circle License #475184763

Last Buyer's Agent

Sandra Bobus

Coldwell Banker Realty License #475123101

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $566

Year Built

  • Built in 1972

Lot Details

  • 2.85

HOA Fees

  • $395 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • 4-Story Property
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Schools

  • Winston Campus-Elementary School
  • Winston Campus-Junior High
  • Palatine High School

Utilities

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

Additional Features

  • Patio
  • End Unit

Listing and Financial Details

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

Community Details

Overview

  • Association fees include water, gas, parking, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 96 Units
  • Randy Association, Phone Number (773) 313-0025
  • Willow Creek Subdivision
  • Property managed by Rosen Management
  • Lock-and-Leave Community

Amenities

  • Clubhouse
  • Party Room
  • Coin Laundry
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Bike Trail

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$566

Year Built

Built in 1972

Lot Details

0

HOA Fees

$395 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Willow Creek
  • 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
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1200
  • Room Type: No additional rooms
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio, End Unit
  • List Price: 209900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • 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

  • Pets Allowed: Cats OK
  • Association Fee: 395
  • Association Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Exercise Room, Storage, Party Room, Pool, Security Door Lock(s), Clubhouse
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Rosen Management
  • Management Contact Name: Randy
  • Management Phone: 773-313-0025
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Gas, Parking, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Winston Campus-Elementary
  • High School: Palatine High School
  • Middle/Junior School: Winston Campus-Junior High
  • Middle/Junior School District: 15

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 566.15
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2023
Closed on
Apr 3, 2023
Sold by
Carol Puleo Living Trust
Bought by
Kathleen A Mcfeggan Trust
Seller's Agent
Carol Lynn Seifert
Century 21 Circle
Buyer's Agent
Sandra Bobus
Coldwell Banker Realty
List Price
$209,900
Sold Price
$200,000
Premium/Discount to List
-$9,900
-4.72%
Views
335
Current Estimated Value
$243,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,154
Avg. Annual Appreciation
8.26%

Purchase Details

Closed on
May 30, 2017
Sold by
Puleo Carol
Bought by
Puleo Carol and The Carol Puleo Living Trust

Purchase Details

Listed on
Jun 22, 2013
Closed on
Jul 29, 2013
Sold by
Johnson Mary C and Stiglianese Joseph J
Bought by
Puleo Robert and Puleo Carol
Seller's Agent
Vito Zivoli
USA Real Estate LTD
Buyer's Agent
Robert Tomich
Capital Real Estate Services
List Price
$82,900
Sold Price
$80,000
Premium/Discount to List
-$2,900
-3.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%

Purchase Details

Closed on
Dec 27, 2001
Sold by
Weiler Jennifer G
Bought by
Stiglianese Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.07%
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
Kathleen A Mcfeggan Trust $200,000 Chicago Title
Puleo Carol -- Attorney
Puleo Robert $80,000 Chicago Title Insurance Comp
Stiglianese Mary Ann $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stiglianese Mary Ann $74,008
Previous Owner Stiglianese Mary Ann $80,000
Previous Owner Weiler Jennifer G $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2023 04/03/23 Sold $200,000 -4.7% $167 / Sq Ft
03/06/2023 03/06/23 For Sale $209,900 0.0% $175 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
02/07/2023 02/07/23 For Sale $209,900 +162.4% $175 / Sq Ft
07/30/2013 07/30/13 Sold $80,000 -3.5% --
06/25/2013 06/25/13 Pending -- -- --
06/22/2013 06/22/13 For Sale $82,900 -- --
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 $2,712 $14,981 $1,070 $13,911
2023 $2,592 $14,981 $1,070 $13,911
2022 $2,592 $14,981 $1,070 $13,911
2021 $618 $11,002 $668 $10,334
2020 $566 $11,002 $668 $10,334
2019 $1,816 $12,292 $668 $11,624
2018 $2,965 $9,128 $601 $8,527
2017 $594 $9,128 $601 $8,527
2016 $1,220 $9,128 $601 $8,527
2015 $1,390 $8,813 $534 $8,279
2014 $1,405 $8,813 $534 $8,279
2013 $2,821 $9,076 $534 $8,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11714483

Midwest Real Estate Data (MRED)

APN: 02-24-105-025-1013