NOT LISTED FOR SALE

245 S Park Ln Unit 206 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $194,000 - $231,000

2 Beds
2 Baths
-- Sq Ft
$353/mo HOA Fee

Last Sold December 31, 2013

Last sale price $90,000

Est. 144% increase in value since last sale

Current estimated payment $1,834/month

59 Days on Market

Highlights

  • Main Floor Bedroom
  • Balcony
  • Breakfast Bar
  • Winston Campus Elementary School Rated A-
  • Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of December 2013

Freshly painted, brand new carpeting, new kitchen and brand new stainless steel kitchen appliances can be yours with this absolute move-in condition spacious condominium in Palatine's Willow Creek. Note ALL that is included in the HOA fee including gas for heat, water and a great pool. Owned heated indoor parking, laundry on the same floor, additional storage space. Just unpack and enjoy!

Last Agent to Sell the Property

Michael Rein

Baird & Warner License #471006350 Listed on: 08/26/2013

Baird & Warner

Last Buyer's Agent

Steve Coit

Berkshire Hathaway HomeServices Starck Real Estate License #475144797

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,390

Year Built

  • 1972

Lot Details

  • 2.85

HOA Fees

  • $353 per month

Parking

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

Home Design

  • Brick Exterior Construction

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom

Outdoor Features

  • Balcony

Utilities

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,390

Year Built

1972

Lot Details

0

HOA Fees

$353 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 2
  • Age: 41-50 Years
  • Full Bathrooms: 2
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1972
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Built: 1972

Interior Features

  • Interior Property Features: 1st Floor Bedroom
  • Number Of Rooms: 5
  • Living Room: Dimensions: 19X13, On Level: 2nd Level, Flooring: Carpet, Windows: All
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Disposal
  • Equipment: TV-Cable
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 11X10, On Level: 2nd Level, Flooring: Carpet
  • Kitchen Type: Dimensions: 10X9, On Level: 2nd Level, Flooring: Vinyl
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Balcony
  • Master Bedroom: Dimensions: 18X12, On Level: 2nd Level, Flooring: Carpet, Windows: All
  • Additional Room 1 Name: Balcony, Dimensions: 13X5, On Level: 2nd Level
  • Bedroom 2: Dimensions: 13X11, On Level: 2nd Level, Flooring: Carpet, Windows: All
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick

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
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: No Pets
  • Assessment Includes: Heat, Water, Gas, Parking, Common Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 353
  • Management Contact Name: Linda Ney
  • Management Phone: 847-806-6121

Fee Information

  • Management Company: Property Specialists Inc.

Schools

  • School District: 211
  • Elementary School: WINSTON CAMPUS-ELEMENTARY
  • Middle School: WINSTON CAMPUS-JUNIOR HIGH
  • High School: PALATINE HIGH SCHOOL
  • Junior High Dist: 15

Lot Info

  • Lot Dimensions: INTEGRAL
  • Parcel Identification Number: 02241050251030

Multi Family

  • Total Number Unitsin Building: 96
  • Number Stories: 4

Tax Info

  • Taxes: 2051.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2013
Closed on
Dec 30, 2013
Sold by
Loessl Nancy
Bought by
Nikolic Tatjana
Seller's Agent
Michael Rein
Baird & Warner
Buyer's Agent
Steve Coit
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$94,900
Sold Price
$90,000
Premium/Discount to List
-$4,900
-5.16%
Current Estimated Value
$219,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,844
Avg. Annual Appreciation
7.99%
Original Mortgage
$71,225
Outstanding Balance
$54,277
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$166,332

Purchase Details

Closed on
Aug 14, 2007
Sold by
Planz Edwin
Bought by
Planz Edwin and Declaration Of Trust Of Edwin Planz

Purchase Details

Closed on
Sep 14, 2001
Sold by
Planz Edwin
Bought by
Planz Edwin and Loessl Nancy

Purchase Details

Closed on
Aug 22, 1996
Sold by
Hyde Robert M and Hyde Cornelia A
Bought by
Hyde Robert M and Hyde Cornelia A
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
Nikolic Tatjana $90,000 Fidelity Natl Title Ins Co
Planz Edwin -- None Available
Planz Edwin -- --
Hyde Robert M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nikolic Tatjana $71,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2013 12/31/13 Sold $90,000 -5.2% --
10/24/2013 10/24/13 Pending -- -- --
10/01/2013 10/01/13 For Sale $94,900 0.0% --
08/29/2013 08/29/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $94,900 -- --
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 $3,390 $14,581 $1,041 $13,540
2023 $3,279 $14,581 $1,041 $13,540
2022 $3,279 $14,581 $1,041 $13,540
2021 $3,604 $10,708 $650 $10,058
2020 $3,542 $10,708 $650 $10,058
2019 $3,551 $11,964 $650 $11,314
2018 $2,886 $8,885 $585 $8,300
2017 $2,832 $8,885 $585 $8,300
2016 $2,639 $8,885 $585 $8,300
2015 $2,845 $8,834 $520 $8,314
2014 $2,815 $8,834 $520 $8,314
2013 $1,928 $8,834 $520 $8,314
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08430423

Midwest Real Estate Data (MRED)

APN: 02-24-105-025-1030