NOT LISTED FOR SALE

508 E Spruce Dr Unit 42B Palatine, IL 60074

Capri Village Neighborhood

Estimated Value: $180,000 - $185,000

2 Beds
1 Bath
850 Sq Ft
1982 Built

Sale Details

Date Sold: March 19, 2021

Last sale price $119,000 $140 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,447 / mo

4 Days on Market

Highlights

  • Balcony
  • Laundry Room
  • Family Room
  • Palatine High School Rated A
  • Combination Dining and Living Room
  • Dogs and Cats Allowed

About This Home

As of March 2021

Welcome home! You will love this bright two-bedroom one-bath condo located in the Fox Cove Subdivision. This lovely condo features an updated kitchen with granite countertops, a breakfast bar, and room for a table; updated bathroom; wood laminate flooring throughout; freshly painted; crown molding; a balcony; and a wood burning fireplace. Use the second bedroom as a spacious home office. Minutes to restaurants, shopping and the expressway. Quick close is possible. Don't miss out on this one, it won't last long!

Last Agent to Sell the Property

Katie Smith

GMC Realty LTD License #475186396 Listed on: 02/10/2021

Co-Listed By

Steven Smith

GMC Realty LTD License #475142713

Last Buyer's Agent

Jack Michalkiewicz

Coldwell Banker Realty License #475143917

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,237

Year Built

  • Built in 1982

HOA Fees

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 850 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Parking Available
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

  • Lincoln Elementary School
  • Walter R Sundling Junior High Sc
  • Palatine High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, snow removal
  • 6 Units
  • Anna Marie Barath Association, Phone Number (847) 985-6464
  • Fox Cove Subdivision
  • Property managed by American Property Management

Amenities

  • Laundry Facilities

Pet Policy

  • Pets up to 35 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,237

Year Built

Built in 1982

Lot Details

0 Sq Ft Lot

HOA Fees

$202 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 2
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Fox Cove
  • Year Built: 1982
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Flooring: Laminate
  • LivingArea: 850
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Wood Laminate

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • OtherStructures: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, Yes, Other
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Electric
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 110
  • Association Fee Frequency: Monthly
  • Master Association Fee: Yes
  • Master Association Fee Frequency: Monthly
  • Management Company: American Property Management
  • Management Contact Name: Anna Marie Barath
  • Management Phone: 847-985-6464
  • Master Association Fee: 92

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Palatine High School
  • Middle/Junior School: Walter R Sundling Junior High Sc

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 35

Tax Info

  • Tax Annual Amount: 2236.97
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 16, 2021
Sold by
De Monte Builders Inc
Bought by
Maldonado Monica
Seller's Agent
Katie Smith
GMC Realty LTD
Buyer's Agent
Jack Michalkiewicz
Coldwell Banker Realty
List Price
$115,900
Sold Price
$119,000
Premium/Discount to List
$3,100
2.67%
Current Estimated Value
$182,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,926
Avg. Annual Appreciation
8.71%
Original Mortgage
$115,430
Outstanding Balance
$102,669
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$80,257

Purchase Details

Closed on
Mar 21, 2014
Sold by
Citibank Na
Bought by
Demonte Builders Inc

Purchase Details

Closed on
Dec 30, 2013
Sold by
Reynolds Polly S and Nationstar Mortgage Llc
Bought by
Citibank Na

Purchase Details

Closed on
Jul 25, 2007
Sold by
Pak Jinkyu and Pak Soon Hee
Bought by
Reynolds Polly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,320
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Maldonado Monica $119,000 Chicago Title
Demonte Builders Inc $62,500 First American
Citibank Na -- None Available
Reynolds Polly S $163,000 Fatic
Reynolds Polly S $163,000 Fatic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maldonado Monica $115,430
Previous Owner Reynolds Polly S $130,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2021 03/19/21 Sold $119,000 +2.7% $140 / Sq Ft
02/14/2021 02/14/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $115,900 -- $136 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,228 $15,120 $333 $14,787
2024 $3,228 $10,905 $289 $10,616
2023 $3,123 $10,905 $289 $10,616
2022 $3,123 $10,905 $289 $10,616
2021 $2,260 $6,960 $244 $6,716
2020 $2,227 $6,960 $244 $6,716
2019 $2,237 $7,800 $244 $7,556
2018 $1,204 $3,874 $221 $3,653
2017 $1,181 $3,874 $221 $3,653
2016 $1,098 $3,874 $221 $3,653
2015 $1,641 $5,341 $199 $5,142
2014 $842 $5,341 $199 $5,142
2013 $802 $5,341 $199 $5,142
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10992496

Midwest Real Estate Data (MRED)

APN: 02-02-400-061-1022

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