NOT LISTED FOR SALE

505 E Cunningham Dr Palatine, IL 60074

Reseda Neighborhood

Estimated Value: $539,884 - $671,000

4 Beds
3 Baths
2,434 Sq Ft
$242/Sq Ft Est. Value

Last Sold September 04, 2012

Last sale price $350,000 $144 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,940/month

52 Days on Market

Highlights

  • Whirlpool Bathtub
  • Formal Dining Room
  • Central Air
  • Palatine High School Rated A
  • Fenced Yard

About This Home

As of September 2012

INCREDIBLE Curb Appeal & an even BETTER fenced YARD! HUGE EAT-in Kitchen with an ISLAND STAINLESS STEEL Appliances!NEW PORCELAIN tile AND a SKYLIGHT! NEUTRAL decor & Carpeting! UPDATED light fixtures! FRENCH doors! LARGE laundry/mud room! MASTER with WHIRLPOOL tub AND DOUBLE sink! UPDATED half bath AND a DOUBLE sink in second bath! WALK to award winning PALATINE HS and Shopping! You will want to call this one HOME!

Last Agent to Sell the Property

Laura Browere

HomeSmart Connect LLC License #475121940 Listed on: 05/22/2012

HomeSmart Connect LLC

Last Buyer's Agent

Vicki MacKinnon

HomeSmart Connect LLC License #475122886

HomeSmart Connect LLC

Property Details

Home Type

  • Other

Year Built

  • 1970

Lot Details

  • Fenced Yard

Parking

  • Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway

Home Design

  • Brick Exterior Construction
  • Cedar

Interior Spaces

  • Formal Dining Room
  • Finished Basement
  • Partial Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Schools

  • Virginia Lake Elementary School
  • Palatine High School

Utilities

  • Central Air
  • Lake Michigan Water

Property Details

Home Type

Other

Year Built

1970

Lot Details

0

Parking

2

Interior Features

  • Total # Of Rooms: 9
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Fireplaces: 1
  • Basement: Partial
  • Basement: Finished
  • Master Bedroom Level: 2nd Level
  • Master Bedroom Size: 22X15
  • Master Bedroom Flooring: Carpet
  • Primary Bedroom Bath: Full
  • Second Bedroom Level: 2nd Level
  • Second Bedroom Size: 14X10
  • Second Bedroom Flooring: Carpet
  • Third Bedroom Level: 2nd Level
  • Third Bedroom Size: 14X10
  • Third Bedroom Flooring: Carpet
  • Fourth Bedroom Level: 2nd Level
  • Fourth Bedroom Size: 12X10
  • Fourth Bedroom Flooring: Carpet
  • Bathroom Amenities: Whirlpool, Double Sink
  • Living Room Level: Main Level
  • Living Room Size: 20X13
  • Living Room Flooring: Carpet
  • Dining Room: Separate
  • Dining Room Level: Main Level
  • Dining Room Size: 14X11
  • Dining Room Flooring: Hardwood
  • Family Room Level: Main Level
  • Family Room Size: 21X13
  • Family Room Flooring: Carpet
  • Kitchen Type: Eating Area-Table Space, Island
  • Kitchen Level: Main Level
  • Kitchen Size: 21X13
  • Kitchen Flooring: Ceramic/Porcelain Tile

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick, Cedar

Garage/Parking

  • Number of Cars: 2
  • Parking Type: Garage
  • Garage Type: Garage Door Opener(s), Transmitter(s)
  • Driveway: Concrete

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Heat/Fuel: Gas, Forced Air

Schools

  • Elementary School: Virginia Lake Elementary School
  • High School: Palatine High School
  • Junior High Dist: 15
  • Junior High: Walter R Sundling Junior High Sc

Lot Info

  • Lot Dimensions: 75 X 135
  • Lot Description: Fenced Yard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2012
Closed on
Aug 30, 2012
Sold by
Meurer Karen M and Scheidler Karen M
Bought by
Orseno Michael A and Orseno Kristina
Seller's Agent
Laura Browere
HomeSmart Connect LLC
Buyer's Agent
Vicki MacKinnon
HomeSmart Connect LLC
List Price
$384,900
Sold Price
$350,000
Premium/Discount to List
-$34,900
-9.07%
Current Estimated Value
$588,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,721
Avg. Annual Appreciation
3.98%
Original Mortgage
$315,000
Outstanding Balance
$217,864
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$370,857

Purchase Details

Closed on
Apr 11, 2011
Sold by
Meurer Bernard Christopher
Bought by
Meurer Karen M

Purchase Details

Closed on
Dec 15, 2003
Sold by
Mitzner David L and Mitzner Bonnie J
Bought by
Scheidler Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,400
Interest Rate
5.94%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Orseno Michael A $350,000 Fidelity National Title Inur
Meurer Karen M -- None Available
Scheidler Karen M $381,500 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orseno Michael A $315,000
Previous Owner Scheidler Karen M $362,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2012 09/04/12 Sold $350,000 -2.8% $144 / Sq Ft
07/13/2012 07/13/12 Pending -- -- --
07/11/2012 07/11/12 Price Changed $359,900 -2.7% $148 / Sq Ft
05/30/2012 05/30/12 Price Changed $369,900 -3.9% $152 / Sq Ft
05/22/2012 05/22/12 For Sale $384,900 -- $158 / 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 $10,268 $38,000 $8,160 $29,840
2023 $9,904 $38,000 $8,160 $29,840
2022 $9,904 $38,000 $8,160 $29,840
2021 $9,319 $32,024 $5,100 $26,924
2020 $9,253 $32,024 $5,100 $26,924
2019 $9,278 $35,782 $5,100 $30,682
2018 $10,189 $36,222 $4,590 $31,632
2017 $10,015 $36,222 $4,590 $31,632
2016 $9,563 $36,222 $4,590 $31,632
2015 $8,939 $31,718 $4,080 $27,638
2014 $8,847 $31,718 $4,080 $27,638
2013 $8,603 $31,718 $4,080 $27,638
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08073022

Midwest Real Estate Data (MRED)

APN: 02-11-415-022-0000