$338,000
SOLD MAR 21, 2025
2 Beds
2 Baths
1,400 Sq Ft
$499/mo HOA Fee

Recently Sold

$241 Per Sq Ft

3% Below List Price

10 Days on Market

Highlights

  • Landscaped Professionally
  • Lock-and-Leave Community
  • Party Room
  • Plum Grove Jr High School Rated A-
  • Property is adjacent to nature preserve
  • 4-minute walk to Margreth Riemer Reservoir Park

About This Home

As of March 2025

WELCOME TO THE PRESERVE OF PALATINE. A HIGHLY DESIRABLE CONDO ADJACENT TO RIEMER RESERVOIR PARK. THIS 2 BEDROOM / 2 BATH UNIT IS FRESHLY PAINTED WITH ALL NEW FLOORING THROUGHOUT. NICE OPEN FLOOR PLAN WITH PLENTY OF NATURAL LIGHT. A PERFECT LOCATION TO ENJOY EVERYTHING DOWNTOWN PALATINE HAS TO OFFER WITH EASY ACCESS TO THE METRA, SHOPPING AND ALL DOWNTOWN RESTAURANTS. ONE CONVENIENT (CLOSEST TO ELEVATOR) INDOOR GARAGE AND STORAGE SPOT INCLUDED. COME TAKE A LOOK TODAY!

Last Agent to Sell the Property

Greg Olson

Keller Williams Thrive License #471019376 Listed on: 01/27/2025

Keller Williams Thrive

Last Buyer's Agent

Michelle Kim

HomeSmart Connect LLC License #475133067

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,532

Year Built

  • Built in 2006

Lot Details

  • Property is adjacent to nature preserve
  • Landscaped Professionally

HOA Fees

  • $499 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,400 Sq Ft Home
  • 4-Story Property
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

Schools

  • Wm Fremd High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, security, exterior maintenance, lawn care, scavenger, snow removal
  • 42 Units
  • Greg Association, Phone Number (847) 490-3833
  • The Preserve Subdivision
  • Property managed by Associa Chicagoland
  • Lock-and-Leave Community

Amenities

  • Common Area
  • Party Room
  • Elevator
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • Pets up to 70 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,532

Year Built

Built in 2006

Lot Details

0

HOA Fees

$499 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: The Preserve
  • Year Built: 2006
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Wood Laminate Floors, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1400
  • Room Type: Balcony/Porch/Lanai, Foyer
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony
  • Lot Features: Common Grounds, Nature Preserve Adjacent, Landscaped
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 499
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Storage, Party Room, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Associa Chicagoland
  • Management Contact Name: Greg
  • Management Phone: 847-490-3833
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • High School: Wm Fremd High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 70

Tax Info

  • Tax Annual Amount: 7532
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2017
Sold by
Stephan Blake P and Stephan Emily
Bought by
Stephan Blake and Stephan Emily
Current Estimated Value
$346,166

Purchase Details

Closed on
Dec 28, 2007
Sold by
Wood Wilson Llc
Bought by
Stephan Blake P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Outstanding Balance
$138,550
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$207,616

Purchase Details

Closed on
Nov 21, 2006
Sold by
Wood Wilson Llc
Bought by
Stebbins Gilbert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,631
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Warranty Deed $280,000 None Available
Warranty Deed $300,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,000 Purchase Money Mortgage
Previous Owner $239,631 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2025 03/21/25 Sold $338,000 -3.4% $241 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
01/27/2025 01/27/25 For Sale $350,000 0.0% $250 / Sq Ft
11/20/2019 11/20/19 Rented $2,250 0.0% --
11/19/2019 11/19/19 For Rent $2,250 0.0% --
10/24/2019 10/24/19 For Rent $2,250 -- --
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 $7,786 $26,300 $816 $25,484
2023 $7,532 $26,300 $816 $25,484
2022 $7,532 $26,300 $816 $25,484
2021 $7,656 $23,574 $475 $23,099
2020 $7,542 $23,574 $475 $23,099
2019 $7,524 $26,234 $475 $25,759
2018 $5,999 $19,304 $441 $18,863
2017 $5,886 $19,304 $441 $18,863
2016 $5,474 $19,304 $441 $18,863
2015 $5,726 $18,636 $407 $18,229
2014 $5,656 $18,636 $407 $18,229
2013 $5,512 $18,636 $407 $18,229
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12270650

Midwest Real Estate Data (MRED)

APN: 02-15-303-056-1061