$612,500
SOLD JAN 2, 2025
4 Beds
2.5 Baths
2,830 Sq Ft
0.51 Acres

Recently Sold

$216 Per Sq Ft

2% Above List Price

6 Days on Market

Highlights

  • Recreation Room
  • Vaulted Ceiling
  • Home Office
  • Central Road Elementary School Rated A-
  • Wood Flooring
  • Formal Dining Room

About This Home

As of January 2025

Welcome to 321 E Shady Dr! A stunning 5 bedroom home located in the desirable community of Palatine. This spacious home features an open-concept layout, with a bright and inviting living room that flows seamlessly into the formal dining area. The updated kitchen is an entertainer's dream, offering stainless steel appliances, sleek countertops, and a cozy breakfast nook with views of the private backyard. The expansive family room features a beautiful fireplace, perfect for relaxing or entertaining. Just around the corner sits a convenient powder room and main floor office. Heading upstairs, the master suite includes a walk-in closet and a private en-suite bathroom with modern finishes. Three additional bedrooms, spacious in size, and a sleek bathroom are just down the hall. The finished basement offers versatile space for a recreation room or home gym, along with laundry access and a 5th bedroom, perfect for guests. Step outside to the private backyard, an ideal space for outdoor gatherings, gardening, or simply enjoying the peaceful surroundings. With an attached two-car garage and easy access to parks, shopping, and top-rated schools, this home offers both comfort and convenience.

Last Agent to Sell the Property

Jaimie Banke

Keller Williams Thrive License #475192348 Listed on: 11/26/2024

Keller Williams Thrive

Co-Listed By

Joan Couris

Keller Williams Thrive License #475155965

Last Buyer's Agent

Christina Murawski

Scanlan Realty LLC License #475171311

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,441

Year Built

  • Built in 1967

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 121x136x157x235

HOA Fees

  • $3 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Interior Spaces

  • 2,830 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Brick Porch or Patio
  • Shed

Schools

  • Wm Fremd High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Gas Water Heater

Community Details

  • Forest Estates Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,441

Year Built

Built in 1967

Lot Details

0

HOA Fees

$3 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Forest Estates
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings
  • LivingArea: 2830
  • Other Equipment: Ceiling Fan(s), Sump Pump, Water Heater-Gas
  • Room Type: Bedroom 5, Office, Eating Area, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Brick Paver Patio
  • OtherStructures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee: 40
  • Association Fee Frequency: Annually
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

  • High School: Wm Fremd High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.507
  • Lot Dimensions: 121X136X157X235
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 11441.27
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2024
Closed on
Dec 23, 2024
Sold by
Elevate Homes Llc
Bought by
May Anthony L and May Carrie R
Seller's Agent
Jaimie Banke
Keller Williams Thrive
Buyer's Agent
Christina Murawski
Scanlan Realty LLC
List Price
$599,900
Sold Price
$612,500
Premium/Discount to List
$12,600
2.1%
Views
141
Current Estimated Value
$635,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,073
Avg. Annual Appreciation
3.81%
Original Mortgage
$490,000
Outstanding Balance
$486,292
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$149,281

Purchase Details

Closed on
Aug 29, 2024
Sold by
Second City Renewal Llc
Bought by
Elevate Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 28, 2024
Sold by
Wsfr I Llc
Bought by
Second City Renewal Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 19, 2021
Sold by
Stroka Steven J and Stroka Wendy
Bought by
Wsfr I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2005
Sold by
Vazquez Ivan H and Vazquez Patricia J
Bought by
Stroka Steven J and Stroka Wendy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.91%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $612,500 None Listed On Document
Special Warranty Deed $425,000 Chicago Title
Special Warranty Deed $425,000 Chicago Title
Warranty Deed $410,000 Chicago Title
Warranty Deed $360,000 Greater Illinois Title
Warranty Deed $490,000 Pntn
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $490,000 New Conventional
Previous Owner $120,000 Seller Take Back
Previous Owner $185,000 New Conventional
Previous Owner $2,000,000 Commercial
Previous Owner $325,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2025 01/02/25 Sold $612,500 +2.1% $216 / Sq Ft
12/02/2024 12/02/24 Pending -- -- --
11/26/2024 11/26/24 For Sale $599,900 -- $212 / 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 $11,441 $38,000 $12,144 $25,856
2023 $11,022 $38,000 $12,144 $25,856
2022 $11,022 $38,000 $12,144 $25,856
2021 $12,368 $41,596 $7,728 $33,868
2020 $12,180 $41,596 $7,728 $33,868
2019 $12,133 $46,477 $7,728 $38,749
2018 $12,487 $44,593 $7,176 $37,417
2017 $12,245 $44,593 $7,176 $37,417
2016 $11,660 $44,593 $7,176 $37,417
2015 $11,585 $41,299 $6,624 $34,675
2014 $11,427 $41,299 $6,624 $34,675
2013 $11,056 $41,299 $6,624 $34,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12216135

Midwest Real Estate Data (MRED)

APN: 02-26-313-005-0000