Seller's Agent in 2025
Daniel Drake
@ Properties
(847) 347-3484
5 in this area
172 Total Sales
502 E Spruce Dr Unit 1B Palatine, IL 60074
Capri Village Neighborhood
2
Beds
1
Bath
--
Sq Ft
$235/mo
HOA Fee
Highlights
- Living Room
- Resident Manager or Management On Site
- Dining Room
- Palatine High School Rated A
- Laundry Room
- Baseboard Heating
About This Home
As of February 2025Your perfect opportunity to own a nicely updated 2 bath 1 bath condo in the sought after Fox Cove Subdivision. Nestled nicely near Rand Rd and all of the Retail, Restaurants and more. This updated condo has everything that you are looking for, from updated flooring throughout, newly painted and 2021 updated Kitchen with Newer Shaker Cabinets, updated countertops with backsplash and Appliances. Spacious Living Room with baseboard heating has easy access to your very own patio! Two large bedrooms with plenty of closet space and an updated Bathroom as well! This is a must see with excellent value and the highly desired District 15 and 211 schools. This condo is turn-key ready!!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475132677 Listed on: 11/25/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,882
Year Built
- Built in 1978 | Remodeled in 2021
HOA Fees
- $235 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Family Room
- Living Room
- Dining Room
- Laundry Room
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Parking
- 1 Parking Space
- Uncovered Parking
- Parking Included in Price
- Assigned Parking
Schools
- Lincoln Elementary School
- Walter R Sundling Middle School
- Palatine High School
Utilities
- Baseboard Heating
Community Details
Overview
- Association fees include water, insurance, lawn care, scavenger, snow removal
- 6 Units
- Manager Association, Phone Number (847) 315-0222
- Fox Cove Subdivision
- Property managed by A+ Management
Pet Policy
- Pets up to 25 lbs
- Dogs and Cats Allowed
Additional Features
- Coin Laundry
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 25, 2024
Closed on
Feb 12, 2025
Sold by
Randall Earlynn A
Bought by
Patel Shyam Ratibhai and Patel Anip
Seller's Agent
Daniel Drake
@properties Christie's International Real Estate
Buyer's Agent
Nikhil Shah
ARNI Realty Incorporated
List Price
$175,000
Sold Price
$162,000
Premium/Discount to List
-$13,000
-7.43%
Views
33
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
$8,341
Avg. Annual Appreciation
7.37%
Original Mortgage
$121,500
Outstanding Balance
$120,503
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$51,958
Purchase Details
Closed on
Jan 11, 2023
Sold by
Randall Earlynn A
Bought by
Randall Earlynn A and Randall Christopher
Purchase Details
Closed on
Nov 16, 2007
Sold by
88 North Inc
Bought by
Randall Earlynn A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,400
Interest Rate
6.47%
Mortgage Type
Unknown
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 | $162,000 | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Special Warranty Deed | $126,000 | Alliance Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $121,500 | New Conventional | |
| Previous Owner | $113,400 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2025 02/12/25 | Sold | $162,000 | -4.1% | -- |
| 12/10/2024 12/10/24 | Pending | -- | -- | -- |
| 12/09/2024 12/09/24 | Price Changed | $169,000 | -3.4% | -- |
| 11/25/2024 11/25/24 | For Sale | $175,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $2,883 | $16,003 | $342 | $15,661 |
| 2024 | $2,883 | $9,738 | $296 | $9,442 |
| 2023 | $2,789 | $9,738 | $296 | $9,442 |
| 2022 | $2,789 | $9,738 | $296 | $9,442 |
| 2021 | $4,089 | $12,591 | $250 | $12,341 |
| 2020 | $4,028 | $12,591 | $250 | $12,341 |
| 2019 | $4,047 | $14,111 | $250 | $13,861 |
| 2018 | $3,333 | $10,725 | $227 | $10,498 |
| 2017 | $3,270 | $10,725 | $227 | $10,498 |
| 2016 | $3,041 | $10,725 | $227 | $10,498 |
| 2015 | $2,257 | $7,347 | $205 | $7,142 |
| 2014 | $2,030 | $6,687 | $205 | $6,482 |
| 2013 | $1,273 | $4,303 | $205 | $4,098 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Drake
-
Nikhil Shah
Buyer's Agent in 2025
Nikhil Shah
ARNI Realty Incorporated
(312) 208-8561
8 in this area
72 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12215442
APN: 02-02-400-086-1001
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