$350,000
SOLD JUN 30, 2025

514 E Thornhill Ln Unit 3T514 Palatine, IL 60074

Virginia Lake Neighborhood
2 Beds
2.5 Baths
1,350 Sq Ft
$307/mo HOA Fee

Recently Sold

$259 Per Sq Ft

7 Days on Market

Highlights

  • Breakfast Bar
  • Living Room
  • Entrance Foyer
  • Palatine High School Rated A
  • Laundry Room
  • Ceramic Tile Flooring

About This Home

As of June 2025

Just imagine having a completely updated townhome in a fantastic location now, here it is! Highly updated in every aspect this gorgeous townhome boasts an amazing kitchen, soaring ceilings and updated fixtures throughout! Most of the renovation occurred in 2020! The recently updated kitchen has high end stainless appliances and quartz countertops! The Livingroom has soaring ceilings and lots of sunlight! The Dining room has a slider opening up to the spacious patio. The updates continue upstairs into the master bedroom with the master bathroom and walk-in closet. The hall bathroom is also nicely updated as well! Private driveway. Newer roof. Hot water heater in 2023. New dryer in 2024! Come take a look and see what Palatine has to offer!

Last Agent to Sell the Property

John Herman

Property Up Inc. License #471017853 Listed on: 04/11/2025

Last Buyer's Agent

Angie Corcione

Fulton Grace Realty License #471008538

Fulton Grace Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,628

Year Built

  • Built in 1996

HOA Fees

  • $307 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,350 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Breakfast Bar
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include insurance, exterior maintenance, lawn care
  • 4 Units
  • Manager Association, Phone Number (847) 428-7140
  • Property managed by Concord Mills Condo Association

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,628

Year Built

Built in 1996

Lot Details

0

HOA Fees

$307 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-2 Story
  • Ownership: Condo
  • EntryLevel: 1
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Year Built: 1996
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • LivingArea: 1350
  • Room Type: Eating Area, Foyer
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • List Price: 350000
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 307
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Concord Mills Condo Association
  • Management Contact Name: Manager
  • Management Phone: 847-428-7140

Fee Information

  • Association Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Other

Schools

  • Middle/Junior School District: 15

Lot Info

  • Lot Dimensions: PER SURVEY
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 500

Tax Info

  • Tax Annual Amount: 7628
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2025
Closed on
Jun 30, 2025
Sold by
Turton Tianna M and Turton Eric Richard
Bought by
Bucaro Giuseppe
Seller's Agent
John Herman
Property Up Inc.
Buyer's Agent
Angie Corcione
Fulton Grace Realty
List Price
$350,000
Sold Price
$350,000
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-27.47%
Original Mortgage
$262,500
Outstanding Balance
$262,284
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$66,995

Purchase Details

Closed on
Oct 19, 2017
Sold by
Marwitz Mary M
Bought by
Turton Eric Richard and Giovenco Tianna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,706
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 29, 2013
Closed on
Sep 13, 2013
Sold by
Catardi Anthony W and Catardi Lauren M
Bought by
Marwitz Mary M
Seller's Agent
Laurie Asquith
Compass
Buyer's Agent
Laura Browere
HomeSmart Connect LLC
List Price
$214,900
Sold Price
$207,000
Premium/Discount to List
-$7,900
-3.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$165,600
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2009
Sold by
Stryker Phil J and Stryker Ashley
Bought by
Catardi Anthony W and Catardi Lauren M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2005
Sold by
Kovathana James
Bought by
Stryker Phil J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,200
Interest Rate
5.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 20, 1998
Sold by
Akin Jeffrey A and Akin Ann M
Bought by
Kovathana James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,300
Interest Rate
6.95%

Purchase Details

Closed on
Aug 8, 1996
Sold by
Concord Mills Ltd Partnership
Bought by
Akin Jeffrey A and Akin Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,450
Interest Rate
7.87%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 None Listed On Document
Warranty Deed $233,500 Accurate Title Services Llc
Warranty Deed $207,000 None Available
Warranty Deed $229,000 Pntn
Warranty Deed $268,000 Atgf Inc
Warranty Deed $159,500 Chicago Title Insurance Co
Warranty Deed $161,500 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $262,500 New Conventional
Previous Owner $225,706 FHA
Previous Owner $165,600 New Conventional
Previous Owner $178,200 New Conventional
Previous Owner $40,200 Unknown
Previous Owner $214,400 Unknown
Previous Owner $138,000 Unknown
Previous Owner $143,300 No Value Available
Previous Owner $144,450 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $350,000 0.0% $259 / Sq Ft
04/18/2025 04/18/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $350,000 +69.1% $259 / Sq Ft
09/13/2013 09/13/13 Sold $207,000 -3.7% --
07/31/2013 07/31/13 Pending -- -- --
07/29/2013 07/29/13 For Sale $214,900 -- --
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 $7,628 $25,768 $4,437 $21,331
2023 $7,380 $25,768 $4,437 $21,331
2022 $7,380 $25,768 $4,437 $21,331
2021 $6,579 $20,257 $2,559 $17,698
2020 $6,481 $20,257 $2,559 $17,698
2019 $6,514 $22,713 $2,559 $20,154
2018 $6,136 $19,744 $2,303 $17,441
2017 $4,991 $19,744 $2,303 $17,441
2016 $4,890 $19,744 $2,303 $17,441
2015 $4,422 $17,014 $2,133 $14,881
2014 $4,384 $17,014 $2,133 $14,881
2013 $4,254 $17,014 $2,133 $14,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12335815

Midwest Real Estate Data (MRED)

APN: 02-11-207-006-1068