NOT LISTED FOR SALE

245 S Park Ln Unit 416 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $186,000 - $241,028

2 Beds
2 Baths
1,094 Sq Ft
$350/mo HOA Fee

Last Sold June 24, 2016

Last sale price $131,000 $120 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,947/month

1 Day on Market

Highlights

  • Attached Garage
  • Forced Air Heating and Cooling System
  • Heated Garage
  • Winston Campus Elementary School Rated A-

About This Home

As of June 2016

All recent neutral fresh paint! Large living and dining room! Great Kitchen with space for table! 2 Full Baths! All newer carpet in large bedrooms! Master bedroom with private bath! All three rooms and balcony overlooking interior beautiful and quiescent courtyard! Underground garage parking! Close to shopping, highway, dining! Adjacent to twin lake Golf course. Amenities include pool, clubhouse, storage, underground parking space & same floor laundry! Must See!

Last Agent to Sell the Property

Chunlei Yang

Same Height International LLC License #471018961 Listed on: 05/04/2016

Last Buyer's Agent

Janet McNulty

HomeSmart Connect LLC License #471003892

HomeSmart Connect LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,456

Year Built

  • 1972

Lot Details

  • 2.85

HOA Fees

  • $350 per month

Parking

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

Home Design

  • Brick Exterior Construction

Kitchen

  • Oven or Range
  • Dishwasher

Utilities

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

Additional Features

  • Laminate Flooring
  • Primary Bathroom is a Full Bathroom

Community Details

  • Pets Allowed

Listing and Financial Details

  • $2,300 Seller Concession

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,456

Year Built

1972

Lot Details

0

HOA Fees

$350 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Interstate Access
  • Disability Access: Yes
  • Disability Access Details: Ramp - Main Level
  • Unit Floor Level: 4
  • 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: Wood Laminate Floors
  • Number Of Rooms: 5
  • Living Room: Dimensions: 20X13, On Level: Main Level, Flooring: Wood Laminate
  • Appliances: Oven/Range, Dishwasher, Refrigerator
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 12X10, On Level: Main Level, Flooring: Wood Laminate
  • Kitchen Type: Dimensions: 10X10, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 17X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 12X11, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 1094

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Electricity: 100 Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK
  • Assessment Includes: Heat, Water, Parking, Common Insurance, Security, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 350
  • Management Contact Name: Pat
  • Management Phone: 847-806-6020X132

Fee Information

  • Management Company: psi management

Schools

  • School District: 211
  • High School: PALATINE HIGH SCHOOL
  • Junior High Dist: 15

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 02241050251087

Multi Family

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

Tax Info

  • Taxes: 2858.47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2016
Closed on
Jun 28, 2016
Sold by
Zhou Shiteng
Bought by
Muench Patricia A
Seller's Agent
Chunlei Yang
Same Height International LLC
Buyer's Agent
Janet McNulty
HomeSmart Connect LLC
List Price
$132,500
Sold Price
$131,000
Premium/Discount to List
-$1,500
-1.13%
Current Estimated Value
$225,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,507
Avg. Annual Appreciation
6.32%
Original Mortgage
$100,000
Outstanding Balance
$82,208
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$147,939

Purchase Details

Listed on
Apr 2, 2013
Closed on
Jun 11, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Zhou Shiteng
Seller's Agent
Amy Kite
Keller Williams Infinity
Buyer's Agent
Chunlei Yang
Same Height International LLC
List Price
$89,900
Sold Price
$73,500
Premium/Discount to List
-$16,400
-18.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.64%
Original Mortgage
$55,125
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2012
Sold by
Oblakov Nikolay
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 22, 2004
Sold by
Stoyanov Radostin S and Stoyanov Rossitza
Bought by
Oblakov Nikolay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2004
Sold by
Wall William E and Wall Bonnie A
Bought by
Stoyanov Radostin S and Stoyanov Rossitza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 1998
Sold by
Wall Margaret A and Wall William E
Bought by
Wall William E and Wall Bonnie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 1996
Sold by
Nelligan Donald R
Bought by
Wall Margaret A and Wall William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,800
Interest Rate
8.05%
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
Muench Patricia A $130,000 First American Title Insuran
Zhou Shiteng $73,500 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corporation -- None Available
Oblakov Nikolay $172,000 --
Stoyanov Radostin S $155,000 --
Wall William E -- 1St American Title
Wall Margaret A $101,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muench Patricia A $100,000
Previous Owner Zhou Shiteng $55,125
Previous Owner Oblakov Nikolay $153,600
Previous Owner Oblakov Nikolay $18,200
Previous Owner Oblakov Nikolay $137,600
Previous Owner Stoyanov Radostin S $124,000
Previous Owner Wall William E $60,000
Previous Owner Wall Margaret A $80,800
Closed Stoyanov Radostin S $31,000
Closed Oblakov Nikolay $34,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $131,000 -1.1% $120 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $132,500 +80.3% $121 / Sq Ft
07/12/2013 07/12/13 Sold $73,500 -5.8% $67 / Sq Ft
05/24/2013 05/24/13 Pending -- -- --
05/08/2013 05/08/13 Price Changed $78,000 -13.2% $71 / Sq Ft
04/02/2013 04/02/13 For Sale $89,900 -- $82 / 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 $4,456 $14,808 $1,057 $13,751
2023 $4,351 $14,808 $1,057 $13,751
2022 $4,351 $14,808 $1,057 $13,751
2021 $3,660 $10,875 $660 $10,215
2020 $3,597 $10,875 $660 $10,215
2019 $3,606 $12,150 $660 $11,490
2018 $2,931 $9,023 $594 $8,429
2017 $2,876 $9,023 $594 $8,429
2016 $2,680 $9,023 $594 $8,429
2015 $2,889 $8,970 $528 $8,442
2014 $2,858 $8,970 $528 $8,442
2013 $1,971 $8,970 $528 $8,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09215925

Midwest Real Estate Data (MRED)

APN: 02-24-105-025-1087