309 E Parallel St Palatine, IL 60067
Downtown Palatine Neighborhood
3
Beds
2
Baths
1,066
Sq Ft
8,712
Sq Ft Lot
Highlights
- Recreation Room
- Ranch Style House
- Home Office
- Palatine High School Rated A
- Wood Flooring
- Patio
About This Home
As of January 2025Move in ready ranch near downtown Palatine perfect for first time homebuyers or anyone looking to downsize. 3 beds and 2 full baths. Upgrades include new roof & gutters with guards on home and garage, as well as new siding on home (2023). Fully fenced in yard with cement patio. Hardwood floors throughout. Huge finished basement with full bath for extra living space, office, rec room or all three. Large detached 2.5 car garage with front and rear access that is perfect for boat or trailer storage with gravel pad behind. Very large laundry room with two closets for tons of storage. New hot water heater (2024). Newer ejector pump (2022). Large shed with below grade screening to prevent animals from burrowing. New ADT security system (2024). Carport. Desirable district 15 & 211 schools. Close to Metra train and everything downtown Palatine has to offer. Home was under contract for 35 days, but buyer was unable to secure financing to close.
Last Agent to Sell the Property
Keller Williams Thrive License #475211220 Listed on: 12/10/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,321
Year Built
- Built in 1956
Lot Details
- 8,712 Sq Ft Lot
- Chain Link Fence
- Paved or Partially Paved Lot
Parking
- 2.5 Car Garage
- Driveway
- Parking Included in Price
Home Design
- Ranch Style House
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,066 Sq Ft Home
- Ceiling Fan
- Family Room
- Living Room
- Combination Kitchen and Dining Room
- Home Office
- Recreation Room
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Bathroom on Main Level
- 2 Full Bathrooms
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
- Sink Near Laundry
- Laundry Chute
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Home Security
- Home Security System
- Carbon Monoxide Detectors
Accessible Home Design
- Grab Bar In Bathroom
- Accessible Kitchen
- Accessibility Features
- Stair Lift
Outdoor Features
- Patio
- Shed
Schools
- Gray M Sanborn Elementary School
- Walter R Sundling Middle School
- Palatine High School
Utilities
- Heating System Uses Steam
- Gas Water Heater
Community Details
- Ranch
- Common Area
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 10, 2024
Closed on
Jan 14, 2025
Sold by
Veit Patricia E and Schiltz Thomas J
Bought by
Ali Syed Munawer Ali and Ali Fnu Iffathunisa
Seller's Agent
Mark Veit
Keller Williams Thrive
Buyer's Agent
Linda Walsh
Baird & Warner
List Price
$349,900
Sold Price
$351,000
Premium/Discount to List
$1,100
0.31%
Views
85
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,067
Avg. Annual Appreciation
-1.18%
Original Mortgage
$280,800
Outstanding Balance
$280,089
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$68,620
Purchase Details
Closed on
May 27, 2021
Sold by
Velt Terrence J
Bought by
Veit Patricia E
Purchase Details
Closed on
Nov 30, 2004
Sold by
Schott Nora M
Bought by
Veit Terrence and Veit Patricia E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,800
Interest Rate
5.77%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 26, 2001
Sold by
Fino Anthony P and Fino Beth S
Bought by
Schott Nora M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
6.69%
Similar Homes in Palatine, IL
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $351,000 | None Listed On Document | |
| Warranty Deed | $351,000 | None Listed On Document | |
| Divorce Dissolution Of Marriage Transfer | -- | None Available | |
| Joint Tenancy Deed | $243,500 | Atgf Inc | |
| Warranty Deed | $182,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,800 | New Conventional | |
| Closed | $280,800 | New Conventional | |
| Previous Owner | $162,000 | New Conventional | |
| Previous Owner | $194,800 | Unknown | |
| Previous Owner | $146,000 | No Value Available | |
| Previous Owner | $130,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/27/2025 01/27/25 | Sold | $351,000 | +0.3% | $329 / Sq Ft |
| 12/16/2024 12/16/24 | Pending | -- | -- | -- |
| 12/10/2024 12/10/24 | For Sale | $349,900 | -- | $328 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,531 | $22,000 | $5,306 | $16,694 |
| 2023 | $5,321 | $22,000 | $5,306 | $16,694 |
| 2022 | $5,321 | $22,000 | $5,306 | $16,694 |
| 2021 | $5,739 | $21,002 | $3,095 | $17,907 |
| 2020 | $5,727 | $21,002 | $3,095 | $17,907 |
| 2019 | $5,724 | $23,388 | $3,095 | $20,293 |
| 2018 | $5,747 | $21,928 | $2,874 | $19,054 |
| 2017 | $5,657 | $21,928 | $2,874 | $19,054 |
| 2016 | $5,510 | $21,928 | $2,874 | $19,054 |
| 2015 | $4,744 | $18,064 | $2,653 | $15,411 |
| 2014 | $4,703 | $18,064 | $2,653 | $15,411 |
| 2013 | $4,565 | $18,064 | $2,653 | $15,411 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2025
Mark Veit
Keller Williams Thrive
(847) 630-6706
2 in this area
5 Total Sales
-
Seller Co-Listing Agent in 2025
Greg Olson
Keller Williams Thrive
(847) 977-7024
20 in this area
83 Total Sales
-
Buyer's Agent in 2025
Linda Walsh
Baird & Warner
(847) 373-1745
1 in this area
54 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12254113
APN: 02-23-101-047-0000
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