NOT LISTED FOR SALE

500 N Wilke Rd Unit 104 Palatine, IL 60074

Winston Park Neighborhood

Estimated Value: $172,000 - $184,000

1 Bed
1 Bath
-- Sq Ft
$302/mo HOA Fee

Last Sold June 03, 2022

Last sale price $129,900

Est. 36% increase in value since last sale

Current estimated payment $1,558/month

4 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Main Floor Bedroom
  • Palatine High School Rated A
  • Wood Flooring
  • Community Pool

About This Home

As of June 2022

Unbelievable opportunity. Resort-style living with suburban convenience. Absolutely nothing to do but unpack and enjoy for many years to come. As soon as you enter the unit you are welcomed by a great open floorplan with loads of natural light (eastern-facing unit). Very modern unit with beautiful flooring, all updated white doors, baseboards, crown molding, neutral color painted, newer windows. You will love your large and updated gallery kitchen with solid maple cabinetry featuring stainless steel appliances and plenty of cabinet / pantry and counter space for cooking and prep work. The spacious living room and dining area are great for entertaining guests. Retreat to your owner's suite offering a massive, appx 5 x 6 walk-in closet with an organization system, updated hall bath and in-unit washer and dryer combo (all in one). Enjoy your morning coffee or evening glass of wine on your private patio. Association includes utilities (heat/water/gas), lawn care, snow removal, scavenger and exterior maintenance You couldn't ask for a better unit location and a better built, secured and run building. Nothing beats unloading your groceries from your trunk into your kitchen within minutes. Lake Louise condominiums has a great size outdoor pool, a play ground , a dog run, bicycle area, exercise facility on site, great parking area and much more. Location is fantastic and super convenient-walk to train, Route 53 just 3 miles away, Arlington International Racecourse less than 1 mile away, stores, shops, restaurants and schools. Twin Lakes Golf Course & Recreation Area is close by where you can kayak, paddle boat, golf, picnic and just relax. Everything popular downtown Arlington Heights and Palatine Have to offer. Within close distance to Arlington Heights Metra and Arlington Racetrack (future home of Chicago Bears football). Welcome home.

Last Agent to Sell the Property

Daniel Mirea

Berkshire Hathaway HomeServices Chicago Listed on: 04/24/2022

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Mirela Roman

Berkshire Hathaway HomeServices Chicago License #475158557

Last Buyer's Agent

Susan Duchek

Picket Fence Realty License #475109092

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,900

Year Built

  • Built in 1970

Lot Details

  • 9

HOA Fees

  • $302 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Living Room
  • Family or Dining Combination
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Patio

Schools

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

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Baseboard Heating
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, gas, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 12 Units
  • Staff Association, Phone Number (847) 870-6110
  • Lake Louise Subdivision, Beaumont Floorplan
  • Property managed by TJ Adam & Co

Amenities

  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 150 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,900

Year Built

Built in 1970

Lot Details

0

HOA Fees

$302 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Lake Louise
  • Year Built: 1970
  • 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
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Open Floorplan
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ FamRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 129900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Baseboard
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 302
  • Association Amenities: Exercise Room, Storage, Pool
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: TJ Adam & Co
  • Management Contact Name: Staff
  • Management Phone: 847-870-6110
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Lake Louise Elementary School
  • High School: Palatine High School
  • Middle/Junior School: Winston Campus-Junior High
  • Middle/Junior School District: 15

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 150

Tax Info

  • Tax Annual Amount: 2900.09
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2022
Closed on
May 27, 2022
Sold by
Bousheh Lawrence
Bought by
Gemberg Yuriy and Gemberg Anna
Seller's Agent
Daniel Mirea
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Susan Duchek
Picket Fence Realty
List Price
$133,000
Sold Price
$129,900
Premium/Discount to List
-$3,100
-2.33%
Current Estimated Value
$176,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,816
Avg. Annual Appreciation
9.25%
Original Mortgage
$123,405
Outstanding Balance
$118,246
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$53,845

Purchase Details

Listed on
Apr 24, 2022
Closed on
Apr 4, 2022
Sold by
Bousheh Ivana and Bousheh Y
Bought by
Bousheh Lawrence and Bousheh Y
Seller's Agent
Daniel Mirea
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Susan Duchek
Picket Fence Realty
List Price
$133,000
Sold Price
$129,900
Premium/Discount to List
-$3,100
-2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,405
Outstanding Balance
$118,246
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$53,845

Purchase Details

Closed on
Mar 31, 2022
Sold by
Bousheh Ivana and Bousheh Y
Bought by
Bousheh Lawrence and Bousheh Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,405
Outstanding Balance
$118,246
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$53,845

Purchase Details

Closed on
Mar 19, 2022
Sold by
Bousheh Ivana and Bousheh Lawrence
Bought by
Bousheh Lawrence

Purchase Details

Listed on
Mar 12, 2021
Closed on
Jun 1, 2021
Sold by
Dieterle Lori M and Siuta Matthew O
Bought by
Bousheh Lawrence and Bousheh Ivana
Seller's Agent
Marcie Robinson
@properties Christie's International Real Estate
Buyer's Agent
Sandy Munoz
RE/MAX 10
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%

Purchase Details

Closed on
Mar 14, 2006
Sold by
Lake Louise Development Llc
Bought by
Dieterle Lori M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,505
Interest Rate
6.42%
Mortgage Type
Stand Alone Second
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 Buyer Sale Price Title Company
Gemberg Yuriy $130,000 None Listed On Document
Bousheh Lawrence -- --
Bousheh Lawrence -- --
Bousheh Lawrence -- None Listed On Document
Bousheh Lawrence $120,000 Stewart Title
Dieterle Lori M $157,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gemberg Yuriy $123,405
Previous Owner Dieterle Lori M $23,505
Previous Owner Dieterle Lori M $125,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2022 06/03/22 Sold $129,900 0.0% --
04/29/2022 04/29/22 Pending -- -- --
04/25/2022 04/25/22 Price Changed $129,900 -2.3% --
04/24/2022 04/24/22 For Sale $133,000 +10.8% --
07/06/2021 07/06/21 Sold $120,000 +0.1% --
05/11/2021 05/11/21 For Sale -- -- --
05/10/2021 05/10/21 Pending -- -- --
04/19/2021 04/19/21 Price Changed $119,900 -4.0% --
03/12/2021 03/12/21 For Sale $124,900 -- --
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 $3,361 $11,353 $2,376 $8,977
2023 $3,252 $11,353 $2,376 $8,977
2022 $3,252 $11,353 $2,376 $8,977
2021 $2,944 $9,065 $1,485 $7,580
2020 $2,900 $9,065 $1,485 $7,580
2019 $2,905 $10,128 $1,485 $8,643
2018 $1,866 $6,006 $1,336 $4,670
2017 $1,831 $6,006 $1,336 $4,670
2016 $1,703 $6,006 $1,336 $4,670
2015 $1,780 $5,792 $1,188 $4,604
2014 $1,758 $5,792 $1,188 $4,604
2013 $1,713 $5,792 $1,188 $4,604
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11384104

Midwest Real Estate Data (MRED)

APN: 02-13-202-005-1100