NOT LISTED FOR SALE

245 S Park Ln Unit 322 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $244,000 - $323,000

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

Last Sold May 19, 2023

Last sale price $228,000 $190 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,127/month

5 Days on Market

Highlights

  • Clubhouse
  • Granite Countertops
  • Garage ceiling height seven feet or more
  • Winston Campus Elementary School Rated A-
  • 1 Car Attached Garage
  • Laundry Room

About This Home

As of May 2023

WONDERFUL, TOTALLY UPGRADED, SPACIOUS TOP FLOOR 2BR, 2BA HIGHLY DESIRABLE END UNIT. GENEROUS SIZE LIVING ROOM WITH ACCESS TO BALCONY. REMODELED NEW KITCHEN WITH STAINLESS STEEL APPLIANCES, GRANITE COUNTERS AND MODERN CABINETS. LARGE MASTER BEDROOM WITH LOADS OF CLOSET SPACE & OWN PRIVATE UPDATED BATH. NEW WINDOWS '20, NEW FURNACE & A/C '21. BEAUTIFUL ENGINEERED WOOD FLOOR THROUGHOUT. HEATED UNDERGROUND GARAGE. COMMUNITY AMENITIES BOAST AN OUTDOOR POOL AND CLUBHOUSE. GREAT LOCATION, SHORT DISTANCE TO TWIN LAKES RECREATION AREA AND GOLF COURSE. MINUTES FROM RT53 & METRA. HOA INCLUDES: HEAT, GAS, WATER, POOL and MORE. NOTHING TO DO BUT MOVE IN. PERFECT 10+

Last Agent to Sell the Property

Renata Kowalska

House Plus Realty License #471018320 Listed on: 03/31/2023

Last Buyer's Agent

Ruth Alano

Illinois Star, LTD License #475137121

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,638

Year Built

  • Built in 1983 | Remodeled in 2021

Lot Details

  • 2.85

HOA Fees

  • $408 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Heated Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • 4-Story Property
  • Family Room
  • Combination Dining and Living Room
  • Storage
  • Laundry Room
  • Laminate Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Separate Shower

Outdoor Features

  • Outdoor Storage

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, security, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 116 Units
  • Willow Creek Association, Phone Number (773) 312-0025
  • Property managed by Rosen Management Services

Amenities

  • Clubhouse
  • Lobby

Pet Policy

  • No Pets Allowed

Recreation

  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,638

Year Built

Built in 1983 | Remodeled in 2021

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: 1983
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 4
  • Rehab Year: 2021
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Renovated: 2021

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Elevator, Wood Laminate Floors, Storage, Granite Counters, Lobby
  • LivingArea: 1200
  • Room Type: No additional rooms
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Wood Laminate
  • ResoLivingAreaSource: Other

Exterior Features

  • OtherStructures: Tennis Court(s), Club House, Storage
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 2
  • Number of Cars: 3
  • Garage Details: Heated,7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 408
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Rosen Management Services
  • Management Contact Name: Willow Creek
  • Management Phone: 773-312-0025
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Security, 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

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2638
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Apr 28, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Gutierrez Nicanor
Seller's Agent
Renata Kowalska
House Plus Realty
Buyer's Agent
Ruth Alano
Illinois Star, LTD
List Price
$239,500
Sold Price
$228,000
Premium/Discount to List
-$11,500
-4.8%
Views
64
Current Estimated Value
$271,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,765
Avg. Annual Appreciation
6.93%
Original Mortgage
$182,400
Outstanding Balance
$177,040
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$94,725

Purchase Details

Listed on
Feb 25, 2013
Closed on
Mar 15, 2013
Sold by
Fannie Mae
Bought by
Chicago Title Land Trust Co and Trust Number 8002361330
Seller's Agent
Helen Oliveri
Helen Oliveri Real Estate
Buyer's Agent
Renata Kowalska
House Plus Realty
List Price
$64,900
Sold Price
$70,000
Premium/Discount to List
$5,100
7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%

Purchase Details

Closed on
Oct 11, 2011
Sold by
Andonov Georgi
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 15, 2004
Sold by
Gramiak Maureen
Bought by
Andonov Georgi and Andonova Penka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gutierrez Nicanor $228,000 Chicago Title
Chicago Title Land Trust Co $70,000 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Andonov Georgi $170,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Nicanor $182,400
Previous Owner Andonov Georgi $136,000
Closed Andonov Georgi $34,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2023 05/19/23 Sold $228,000 -4.8% $190 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $239,500 +242.1% $200 / Sq Ft
04/19/2013 04/19/13 Sold $70,000 +7.9% -- View Prior Sale
03/12/2013 03/12/13 Pending -- -- --
02/25/2013 02/25/13 For Sale $64,900 -- --
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
2025 $3,579 $21,224 $1,290 $19,934
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 $2,864 $9,214 $542 $8,672
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11749495

Midwest Real Estate Data (MRED)

APN: 02-24-105-025-1069