$87,500
SOLD JUL 13, 2020

516 N Wilke Rd Unit 106 Palatine, IL 60074

Winston Park Neighborhood
2 Beds
2 Baths
1,200 Sq Ft
$324/mo HOA Fee

Recently Sold

$73 Per Sq Ft

12% Below List Price

21 Days on Market

Highlights

  • Fitness Center
  • Community Pool
  • Stainless Steel Appliances
  • Palatine High School Rated A
  • Formal Dining Room
  • Living Room

About This Home

As of October 2024

RARE 2 BR/2 BTH IN THE MARKET AT THIS COMPLEX. HUGE POTENTIAL FOR OPEN CONCEPT GUT REHAB. DECENT ROOM SIZES, WITH LARGE CLOSETS NEWER OVEN RANGE, FRIDGE, DISHWASHER. NEW BOSCH WASHER & DRYER AND WINDOW A/Cs. WHY RENT IF YOU CAN TURN THIS INTO YOUR DREAM PLACE. WELCOME INVESTORS/FLIPPERS. CLOSE TO EXPRESSWAY, SCHOOL, GROCERIES, ETC. SOLD "AS IS" CONDITION.

Last Agent to Sell the Property

Arceli Antonio

RE/MAX City License #475133683 Listed on: 06/06/2020

RE/MAX City

Last Buyer's Agent

Scott Henninger

Keller Williams Thrive License #475169380

Keller Williams Thrive

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,278

Year Built

  • Built in 1970

HOA Fees

  • $324 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Formal Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price
  • Unassigned Parking

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Steam
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, parking, insurance, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 12 Units
  • Kelly Weber Association, Phone Number (847) 870-6110
  • Lake Louise Subdivision
  • Property managed by TJ Adam & Co.

Recreation

  • Fitness Center
  • Community Pool
  • Park

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,278

Year Built

Built in 1970

Lot Details

0

HOA Fees

$324 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Lake Louise
  • Year Built: 1970
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1200
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Second Bedroom Flooring: Carpet
  • Living Room Flooring: Carpet
  • Primary Bedroom Bath: Full
  • Master Bedroom Flooring: Carpet
  • Kitchen Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Table Space
  • Dining Room Flooring: Carpet

Exterior Features

  • List Price: 99900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Off Street
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 3+
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 324
  • Association Amenities: Exercise Room, Park, Pool
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site,Monday through Friday
  • Management Company: TJ Adam & Co.
  • Management Contact Name: Kelly Weber
  • Management Phone: 847-870-6110
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Parking, Insurance, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 15

Lot Info

  • 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: 0

Tax Info

  • Tax Annual Amount: 2277.62
  • Tax Year: 2018
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Oct 25, 2024
Sold by
Hardenbrook Alexander and Peters Mallory
Bought by
Brito Mayra
Seller's Agent
Sue Peters
Baird & Warner
Buyer's Agent
Sherrae Charles
Suburban Life Realty, Ltd
List Price
$210,000
Sold Price
$215,000
Premium/Discount to List
$5,000
2.38%
Views
33
Current Estimated Value
$224,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,175
Avg. Annual Appreciation
3.41%
Original Mortgage
$204,250
Outstanding Balance
$203,403
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$17,962

Purchase Details

Listed on
Sep 3, 2020
Closed on
Oct 14, 2020
Sold by
Hajizadeh Fariborz
Bought by
Peters Mallory and Hardenbrook Alexander
Seller's Agent
Scott Henninger
Keller Williams Thrive
Buyer's Agent
Sue Peters
Baird & Warner
List Price
$154,900
Sold Price
$152,500
Premium/Discount to List
-$2,400
-1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%
Original Mortgage
$122,000
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 6, 2020
Closed on
Jul 7, 2020
Sold by
Salandanan Vincent J and Salandanan Sherelya G
Bought by
Hajizadeh Frank
Seller's Agent
Arceli Antonio
RE/MAX City
Buyer's Agent
Scott Henninger
Keller Williams Thrive
List Price
$99,900
Sold Price
$87,500
Premium/Discount to List
-$12,400
-12.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
627.19%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $215,000 None Listed On Document
Warranty Deed $152,500 Chicago Title
Warranty Deed $87,500 Attorneys Ttl Guaranty Fund
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $204,250 New Conventional
Previous Owner $122,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $215,000 0.0% $179 / Sq Ft
09/22/2024 09/22/24 Pending -- -- --
09/11/2024 09/11/24 Price Changed $215,000 +2.4% $179 / Sq Ft
09/11/2024 09/11/24 For Sale $210,000 +37.7% $175 / Sq Ft
10/22/2020 10/22/20 Sold $152,500 -1.5% $127 / Sq Ft
09/06/2020 09/06/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $154,900 +77.0% $129 / Sq Ft
07/13/2020 07/13/20 Sold $87,500 -12.4% $73 / Sq Ft
06/27/2020 06/27/20 Pending -- -- --
06/06/2020 06/06/20 For Sale $99,900 -- $83 / 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 $3,119 $13,852 $2,899 $10,953
2023 $3,967 $13,852 $2,899 $10,953
2022 $3,967 $13,852 $2,899 $10,953
2021 $3,592 $11,060 $1,811 $9,249
2020 $3,538 $11,060 $1,811 $9,249
2019 $3,544 $12,357 $1,811 $10,546
2018 $2,278 $7,329 $1,630 $5,699
2017 $2,235 $7,329 $1,630 $5,699
2016 $2,078 $7,329 $1,630 $5,699
2015 $2,171 $7,067 $1,449 $5,618
2014 $1,365 $7,067 $1,449 $5,618
2013 $1,312 $7,067 $1,449 $5,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10738367

Midwest Real Estate Data (MRED)

APN: 02-13-202-005-1114