NOT LISTED FOR SALE

508 E Balsam Ln Palatine, IL 60074

Reseda Neighborhood

Estimated Value: $479,329 - $522,000

4 Beds
3 Baths
1,429 Sq Ft
$352/Sq Ft Est. Value

About This Home

This home is located at 508 E Balsam Ln, Palatine, IL 60074 and is currently estimated at $502,332, approximately $351 per square foot. 508 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 7, 2005
Sold by
Incandela John and Incandela Margaret
Bought by
Mnichowicz John and Mnichowicz Karen
Current Estimated Value
$502,332

Purchase Details

Closed on
Jul 3, 2002
Sold by
Mengarelli Raymond R and Mengarelli Jeanine R
Bought by
Incandela John and Incandela Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,500
Interest Rate
6.8%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Mnichowicz John $421,500 Burnet Title Llc
Incandela John $335,000 Burnet Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mnichowicz John $214,000
Closed Mnichowicz Karen $233,000
Closed Mnichowicz John A $75,000
Previous Owner Incandela John $15,000
Previous Owner Incandela John $284,500
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 $8,888 $34,000 $7,800 $26,200
2023 $8,562 $34,000 $7,800 $26,200
2022 $8,562 $34,000 $7,800 $26,200
2021 $7,618 $27,453 $4,875 $22,578
2020 $7,592 $27,453 $4,875 $22,578
2019 $7,617 $30,674 $4,875 $25,799
2018 $8,770 $32,344 $4,387 $27,957
2017 $8,627 $32,344 $4,387 $27,957
2016 $8,261 $32,344 $4,387 $27,957
2015 $7,297 $27,123 $3,900 $23,223
2014 $7,230 $27,123 $3,900 $23,223
2013 $7,022 $27,123 $3,900 $23,223
Source: Public Records

Map

Illinois Cook County Palatine 60074 Reseda

508 E Balsam Ln, Palatine, IL

This home is located at 508 E Balsam Ln, Palatine, IL 60074 and is currently estimated at $502,332, approximately $351 per square foot. 508 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.

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