NOT LISTED FOR SALE

503 S Williams Ave Palatine, IL 60074

Estimated Value: $473,000 - $577,000

3 Beds
2.5 Baths
2,060 Sq Ft
$253/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $390,000 $189 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,609/month

60 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Farmhouse Style Home
  • Winston Campus Elementary School Rated A-
  • Main Floor Bedroom
  • 1-minute walk to Rose Park

About This Home

As of September 2022

Country Living! If you ever dreamt of living on a farm, this is a pretty good choice. This area near the intersection of Northwest Hwy and Wilke road is a hidden gem which is filled with many new large homes as well as many more modest size homes, but the outstanding feature of the area are the big lots, this one is 65 X 301, and quiet neighborhood. You should be able to see a sky full of stars on a clear night. The backyard is perfect for family picnics, football/ baseball games, practicing your golf wedge game or planting a HUGE garden It is also across from Arlington Park the possible future site of the Chicago Bears new stadium. The house itself is a very unique 2 story located across the street from Rose Park which has playground equipment and a park district building. A huge addition was put on a number of years ago which expanded the kitchen which was then remodeled later with stainless appliances and granite counters. They also added a huge family room with a gas log fireplace and then on the second floor a gigantic primary bedroom with huge bath with a separate shower and jetted tub. There is also a huge walk in closet. The first floor has hardwood floors throughout as well as the primary bedroom on the second floor. The 1.5 car garage is probably wide enough to be a 2.5 car garage. There is lots of space to park vehicles on the driveway. If you like the feel of being in the country, but still close to everything, this is the house for you!

Last Agent to Sell the Property

James Regan

RE/MAX Suburban License #475068723 Listed on: 06/23/2022

RE/MAX Suburban

Last Buyer's Agent

Marla Geraci

Coldwell Banker Realty License #475151578

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,273

Year Built

  • Built in 1942

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 65x301
  • Poultry Coop

Parking

  • 1.5 Car Detached Garage
  • Parking Included in Price

Home Design

  • Farmhouse Style Home
  • Vinyl Siding

Interior Spaces

  • 2,060 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near a park

Schools

  • Jane Addams Elementary School
  • Winston Campus-Junior High
  • Palatine High School

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,273

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1942
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, Some Wood Floors, Granite Counters
  • LivingArea: 2060
  • Room Type: Office
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2060
  • Basement Description: Unfinished
  • Bathroom Amenities: Whirlpool,Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • List Price: 399900
  • OtherStructures: Poultry Coop
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1.5
  • Number of Cars: 1.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Jane Addams Elementary School
  • High School: Palatine High School
  • Middle/Junior School: Winston Campus-Junior High
  • Middle/Junior School District: 15

Lot Info

  • Lot Size Acres: 0.452
  • Lot Dimensions: 65X301
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7272.99
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2003
Sold by
Chandler Doris Jean
Bought by
Chandler Marshall D
Current Estimated Value
$520,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,500
Interest Rate
6.02%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Chandler Marshall D -- --
Chandler Marshall D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Chandler Marshall D $84,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $390,000 -2.5% $189 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/22/2022 08/22/22 For Sale $399,900 +2.5% $194 / Sq Ft
08/15/2022 08/15/22 Off Market $390,000 -- --
07/31/2022 07/31/22 Price Changed $399,900 -3.6% $194 / Sq Ft
06/23/2022 06/23/22 For Sale $415,000 -- $201 / 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 $10,532 $35,000 $11,810 $23,190
2023 $8,474 $35,000 $11,810 $23,190
2022 $8,474 $35,000 $11,810 $23,190
2021 $7,943 $31,948 $6,889 $25,059
2020 $7,273 $31,948 $6,889 $25,059
2019 $7,213 $35,577 $6,889 $28,688
2018 $7,909 $31,704 $6,396 $25,308
2017 $7,625 $31,704 $6,396 $25,308
2016 $8,145 $31,704 $6,396 $25,308
2015 $7,181 $24,918 $5,904 $19,014
2014 $7,122 $24,918 $5,904 $19,014
2013 $6,927 $24,918 $5,904 $19,014
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11417879

Midwest Real Estate Data (MRED)

APN: 02-24-403-029-0000