NOT LISTED FOR SALE

245 S Park Ln Unit 305 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $227,000 - $249,386

2 Beds
2 Baths
1,200 Sq Ft
$408/mo HOA Fee

Last Sold May 15, 2023

Last sale price $187,000 $156 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,003/month

51 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Community Pool
  • Winston Campus Elementary School Rated A-
  • Wood Flooring
  • Elevator

About This Home

As of May 2023

Lovely spacious 2 bedroom 2 bathroom end unit in Willow Creek. This unit features private patio and underground heated garage. Wood flooring throughout unit. Tons of natural light! Laundry located on 2nd and 4th floors. Enjoy clubhouse amenities, outdoor pool, exercise room, party room, and outdoor grills. Walk to playground and tennis courts. 5 minute walk to Twin Lakes recreation. Near train station and Arlington Park perfect for summer activities. New 2022 HVAC unit. There is a bike room located on the 1st floor which is accessible via the main lobby and outside door. Storage room is located on 3rd floor. OWNER OCCUPIED- RENATLS ONLY ALLOWED TO FAMILY MEMBERS. Don't miss out!!

Last Agent to Sell the Property

Paolo Ancona

Coldwell Banker Realty License #475184983 Listed on: 02/03/2023

Coldwell Banker Realty

Last Buyer's Agent

Pradeep Singh

Coldwell Banker Realty License #475160836

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,638

Year Built

  • Built in 1979

Lot Details

  • 2.85

HOA Fees

  • $408 Monthly HOA Fees

Parking

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

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • 4-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Laundry Room

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

Community Details

Overview

  • Association fees include water, gas, insurance, security, clubhouse, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 96 Units
  • Randy Association, Phone Number (773) 313-0025
  • Property managed by Rosen Management

Amenities

  • Clubhouse
  • Party Room
  • Coin Laundry
  • Elevator
  • Service Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Park

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,638

Year Built

Built in 1979

Lot Details

0

HOA Fees

$408 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
  • Year Built: 1979
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • 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
  • Assessed Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 185000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Unassigned
  • ParkingTotal: 1
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 408
  • Association Amenities: Coin Laundry, Elevator(s), Exercise Room, Health Club, Park, Party Room, Pool, Service Elevator(s), Clubhouse, Laundry, Elevator(s)
  • Association Fee Frequency: Monthly
  • 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, Insurance, Security, Clubhouse, 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: 5
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2638.36
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Apr 28, 2023
Sold by
Golba Aleksander
Bought by
Gupta Ravi and Gupta Geeta
Seller's Agent
Paolo Ancona
Coldwell Banker Realty
Buyer's Agent
Pradeep Singh
Coldwell Banker Realty
List Price
$185,000
Sold Price
$187,000
Premium/Discount to List
$2,000
1.08%
Views
220
Current Estimated Value
$239,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,847
Avg. Annual Appreciation
10.90%
Original Mortgage
$177,650
Outstanding Balance
$172,670
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$65,083

Purchase Details

Listed on
Feb 6, 2015
Closed on
Apr 10, 2015
Sold by
Gonzalez Juan M
Bought by
Golba Aleksander
Seller's Agent
Angelica Delgado
Diamond Homes Realty
Buyer's Agent
Eric Gronwick
RE/MAX At Home
List Price
$129,000
Sold Price
$120,500
Premium/Discount to List
-$8,500
-6.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$96,400
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gonzalez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,865
Interest Rate
4.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2010
Sold by
Wojtusiak Chris and Saxon Mortgage Services Inc
Bought by
Citibank Na

Purchase Details

Closed on
Aug 11, 2006
Sold by
Sawicka Joanna E
Bought by
Wojtusiak Chris

Purchase Details

Closed on
Dec 28, 2005
Sold by
Wojtusiak Chris
Bought by
Wojtusiak Chris and Sawicka Joanna E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
6.4%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 14, 2005
Sold by
Zapior Joanna
Bought by
Wojtusiak Chris A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
6.4%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 7, 2005
Sold by
U S Bank Na
Bought by
Zapior Joanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gupta Ravi $187,000 Chicago Title
Golba Aleksander $120,500 Attorneys Title Guaranty Fun
Gonzalez Juan $87,000 First American Title
Citibank Na -- None Available
Wojtusiak Chris -- None Available
Wojtusiak Chris -- None Available
Wojtusiak Chris A $195,000 Multiple
Zapior Joanna $153,000 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gupta Ravi $177,650
Previous Owner Golba Aleksander $96,400
Previous Owner Gonzalez Juan $73,865
Previous Owner Wojtusiak Chris A $185,250
Previous Owner Zapior Joanna $122,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $187,000 +1.1% $156 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $185,000 0.0% $154 / Sq Ft
02/18/2023 02/18/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $185,000 0.0% $154 / Sq Ft
02/06/2023 02/06/23 Pending -- -- --
02/03/2023 02/03/23 For Sale $185,000 +53.5% $154 / Sq Ft
04/10/2015 04/10/15 Sold $120,500 -6.6% --
02/19/2015 02/19/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $129,000 -- --
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 $3,579 $15,210 $1,086 $14,124
2023 $3,463 $15,210 $1,086 $14,124
2022 $3,463 $15,210 $1,086 $14,124
2021 $2,638 $11,170 $678 $10,492
2020 $2,669 $11,170 $678 $10,492
2019 $2,686 $12,479 $678 $11,801
2018 $1,894 $9,267 $610 $8,657
2017 $1,878 $9,267 $610 $8,657
2016 $2,011 $9,267 $610 $8,657
2015 $2,123 $9,214 $542 $8,672
2014 $2,118 $9,214 $542 $8,672
2013 $2,047 $9,214 $542 $8,672
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11712049

Midwest Real Estate Data (MRED)

APN: 02-24-105-025-1053