NOT LISTED FOR SALE

245 S Park Ln Unit 420 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $193,000 - $247,000

2 Beds
2 Baths
1,200 Sq Ft
$397/mo HOA Fee

Last Sold December 17, 2020

Last sale price $138,500 $115 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,767/month

61 Days on Market

Highlights

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

About This Home

As of December 2020

In the heart of Willow Creek Palatine, you step into a secured, well maintained building. On the fourth floor, you find a wonderful condo to call your own. This move-in ready, freshly painted home features a beautiful kitchen with stainless steel appliances and oak cabinets. It opens up to a dining room, overlapping a cozy living room. A sliding door leads to a private balcony where you can catch sunshine by morning and grill dinner by evening. Walking back through the living room and down the hallway, connected are newly carpeted guest and master bedrooms and a full bath. Venture into the spacious master bedroom to find a private, second full bathroom. The guest bedroom doesn't spare space either. Large closets are found throughout the home. Conveniently located on the same floor is a laundry room. The community clubhouse features an exercise room to help you become stronger and healthier. Host a party or other events, in the party room and on the large private patio that is barbeque ready. Sit back in a recliner or take a dip in the outdoor swimming pool. The side entrance of your building leads to a parking lot. A heated underground parking garage offers you a designated parking spot. Other features include a designated storage area on the same floor. This condo is located close to Route 53 and Metra station, around Smith and Colfax in the center of downtown Palatine. This Is Such A Treasure. Come See and Fall in Love! Nothing To Get Ready * Just Move-In!

Last Agent to Sell the Property

Ewa Winiarczyk

Coldwell Banker Realty License #475189267 Listed on: 10/02/2020

Coldwell Banker Realty

Last Buyer's Agent

Jill Collins

Fulton Grace Realty License #475170872

Fulton Grace Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,588

Year Built

  • Built in 1972

Lot Details

  • 2.85

HOA Fees

  • $397 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Family Room
  • Combination Dining and Living Room
  • Home Security System
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, gas, parking, insurance, clubhouse, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 96 Units
  • Kim Association, Phone Number (847) 490-3833
  • Willow Creek Subdivision
  • Property managed by Associa Chicagoland
  • 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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,588

Year Built

Built in 1972

Lot Details

0

HOA Fees

$397 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: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • 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
  • Other Equipment: TV-Cable, Security System, Ceiling Fan(s)
  • Room Type: No additional rooms
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Other

Exterior Features

  • List Price: 149900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 397
  • 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
  • Master Association Fee Frequency: Not Required
  • Management Company: Associa Chicagoland
  • Management Contact Name: Kim
  • Management Phone: 847-490-3833
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Gas, Parking, Insurance, Clubhouse, Exercise Facilities, 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: No

Tax Info

  • Tax Annual Amount: 2588.16
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2001
Sold by
Paleczny John P and Paleczny Marlane
Bought by
Drugan Judy
Current Estimated Value
$229,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Drugan Judy $130,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drugan Judy $75,000
Closed Drugan Judy A $75,000
Closed Drugan Judy $99,400
Closed Drugan Judy $103,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $138,500 -7.6% $115 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $149,900 0.0% $125 / Sq Ft
10/27/2020 10/27/20 For Sale $149,900 0.0% $125 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/20/2020 10/20/20 Price Changed $149,900 -2.0% $125 / Sq Ft
10/02/2020 10/02/20 For Sale $152,900 -- $127 / 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 $1,462 $14,808 $1,057 $13,751
2023 $1,473 $14,808 $1,057 $13,751
2022 $1,473 $14,808 $1,057 $13,751
2021 $1,418 $10,875 $660 $10,215
2020 $2,571 $10,875 $660 $10,215
2019 $2,588 $12,150 $660 $11,490
2018 $1,815 $9,023 $594 $8,429
2017 $1,800 $9,023 $594 $8,429
2016 $1,938 $9,023 $594 $8,429
2015 $2,045 $8,972 $528 $8,444
2014 $2,041 $8,972 $528 $8,444
2013 $1,971 $8,972 $528 $8,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10890092

Midwest Real Estate Data (MRED)

APN: 02-24-105-025-1091