NOT LISTED FOR SALE

473 E Balsam Ln Palatine, IL 60074

Reseda Neighborhood

Estimated Value: $499,000 - $656,000

4 Beds
3 Baths
2,668 Sq Ft
$219/Sq Ft Est. Value

About This Home

This home is located at 473 E Balsam Ln, Palatine, IL 60074 and is currently estimated at $584,945, approximately $219 per square foot. 473 E Balsam Ln is a home located in Cook County with nearby schools including Virginia Lake Elementary School, Walter R. Sundling Junior High School, and Palatine High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2021
Sold by
Schmitt David M and Schmitt Allison S
Bought by
Schmitt David M and David M Schmitt Revocable Trus
Current Estimated Value
$584,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,516
Outstanding Balance
$313,768
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$231,271

Purchase Details

Closed on
Mar 19, 2019
Sold by
Schmitt David M and Schmitt Allison S
Bought by
Schmitt David M and Schmitt Allison S

Purchase Details

Closed on
May 26, 2017
Sold by
Lennon John J and Lennon Sharon A
Bought by
Schmitt David M and Schmitt Allison S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,600
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Schmitt David M -- Westcor Land Title Ins Co
Schmitt David M -- Westcor Land Title Ins Co
Schmitt David M -- Attorney
Schmitt David M $426,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmitt David M $340,516
Closed Schmitt David M $344,000
Closed Schmitt David M $340,600
Previous Owner Lennon John J $100,000
Previous Owner Lennon John J $25,000
Source: Public Records

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 $10,860 $40,000 $7,696 $32,304
2023 $10,477 $40,000 $7,696 $32,304
2022 $10,477 $40,000 $7,696 $32,304
2021 $9,568 $32,791 $4,810 $27,981
2020 $9,498 $32,791 $4,810 $27,981
2019 $9,524 $36,639 $4,810 $31,829
2018 $10,811 $38,224 $4,329 $33,895
2017 $9,802 $38,224 $4,329 $33,895
2016 $9,624 $38,224 $4,329 $33,895
2015 $8,926 $33,547 $3,848 $29,699
2014 $8,846 $33,547 $3,848 $29,699
2013 $9,144 $33,547 $3,848 $29,699
Source: Public Records

Map

Illinois Cook County Palatine 60074 Reseda

473 E Balsam Ln, Palatine, IL

This home is located at 473 E Balsam Ln, Palatine, IL 60074 and is currently estimated at $584,945, approximately $219 per square foot. 473 E Balsam Ln is a home located in Cook County with nearby schools including Virginia Lake Elementary School, Walter R. Sundling Junior High School, and Palatine High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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