NOT LISTED FOR SALE

525 E Balsam Ln Palatine, IL 60074

Reseda Neighborhood

Estimated Value: $564,771

3 Beds
3 Baths
2,178 Sq Ft
$259/Sq Ft Est. Value

Sale Details

Date Sold: November 19, 2021

Last sale price $419,900 $193 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,967 / mo

17 Days on Market

Highlights

  • Family Room with Fireplace
  • Formal Dining Room
  • Attached Garage
  • Palatine High School Rated A

About This Home

As of November 2021

Could you say this today? We love our beautiful tri-level home in desirable Kenilwicke subdivision! It has a bright 4-season sunroom, family room and sub-basement! The whole house has been completely remodeled! It has been freshly painted & has refinished hardwood floors* The beautiful open floor plan is great for entertaining our friends and family! Vaulted Ceilings and newer windows in living room & dining room (2018)* The totally updated kitchen includes an eat-in area, maple cabinets, granite counters and stainless steel appliances (2016)* It's great to relax in our cozy family room featuring a stone, gas fireplace and new flooring* We enjoy a cup of coffee and hanging out in our 4 season sunroom* We have a generous master bedroom suite w/updated bathroom w/shower, ceramic tile & backsplash* There are 2 more bedrooms upstairs with a 2nd remodeled bathroom with double-bowl sink and ceramic tile*The unfinished sub-basement w/crawl and laundry area also has lots of storage* On sunny days, we enjoy the outdoors in our fenced yard w/brick paver patio, fire pit and shed! Ring door bell and Nest thermostat included* (Roof 2010; furnace, humidifier, water heater - 2014; a/c - 2017; washer & dryer - 2018; patio slider - 2018)* Conveniently located near schools, parks, shopping & dining! Welcome Home!

Last Agent to Sell the Property

Diana Eckstrom

HomeSmart Connect LLC License #475098850 Listed on: 09/23/2021

HomeSmart Connect LLC

Last Buyer's Agent

Salma Torres

@properties Christie's International Real Estate License #475182092

@properties Christie's International Real Estate

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • 1970

Lot Details

  • 9,583

Parking

  • Attached Garage
  • Garage Transmitter
  • Driveway
  • Parking Space is Owned

Home Design

  • Split Level with Sub

Interior Spaces

  • Family Room with Fireplace
  • Formal Dining Room
  • Unfinished Basement

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

1970

Lot Details

9,583 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: Split Level w/ Sub
  • Property Sub Type: Split Level w/ Sub
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Architectural Style: Tri-Level
  • Directions: Hicks Road S of Dundee to Cunningham Left to Balsam Lane
  • Lot Size: 75 X 140
  • New Construction: No
  • Ownership: Fee Simple
  • Standard Status: Closed
  • Actual Status: Closed
  • Special Features: None
  • Year Built: 1970

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Has Basement: Partial
  • Fireplace Features: Attached Fireplace Doors/Screen, Gas Starter
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Wood Laminate Floors, Open Floorplan, Some Wood Floors, Drapes/Blinds, Granite Counters, Separate Dining Room
  • Other Equipment: Humidifier, CO Detectors, Ceiling Fan(s), Radon Mitigation System
  • Dining Room Type: Heated Sun Room

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick,Cedar
  • Lot Features: Fenced Yard
  • Other Structures: Shed(s)
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Electric: 150 Amp Service
  • Sewer: Public Sewer
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: 211
  • Middle Or Junior School: Walter R Sundling Junior High Sc

Lot Info

  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Additional Parcels: No

Rental Info

  • Board Number: 10

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 8298.39
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Nov 9, 2021
Sold by
Sava Aurelian and Sava Elsi
Bought by
Seller's Agent
Diana Eckstrom
HomeSmart Connect LLC
Buyer's Agent
Salma Torres
@properties Christie's International Real Estate
List Price
$425,000
Sold Price
$419,900
Premium/Discount to List
-$5,100
-1.2%
Current Estimated Value
$564,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,871
Avg. Annual Appreciation
6.29%
Original Mortgage
$377,910
Outstanding Balance
$338,933
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$225,838

Purchase Details

Listed on
Apr 6, 2015
Closed on
Jul 20, 2015
Sold by
Asmann Kenneth D and Asmann Barbara
Bought by
Sava Aurelian and Sava Elsi
Seller's Agent
Sharron Kelley
@properties Christie's International Real Estate
Buyer's Agent
Diana Eckstrom
HomeSmart Connect LLC
List Price
$374,000
Sold Price
$350,000
Premium/Discount to List
-$24,000
-6.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.92%
Original Mortgage
$315,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Reseda, IL

  • Rafay Qamar Real Estate Agent - Real Broker LLC

    Rafay Qamar

    Real Broker LLC

    (833) 359-9113

    1,078 Total Sales

    2 in Reseda

    $105K - $136K Price Range

    Rafay Qamar
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  • Mack Woodcock Real Estate Agent - Coldwell Banker Realty

    Mack Woodcock

    Coldwell Banker Realty

    (224) 479-1860

    27 Total Sales

    1 in Reseda

    $530,000 Price

    Mack Woodcock
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  • Yevhen Hurtovyi Real Estate Agent - Realta Real Estate

    Yevhen Hurtovyi

    Realta Real Estate

    (773) 570-9695

    232 Total Sales

    1 in Reseda

    $180,000 Price

    Yevhen Hurtovyi
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  • Celeste Barr Real Estate Agent - eXp Realty

    Celeste Barr

    eXp Realty

    (224) 328-3627

    78 Total Sales

    1 in Reseda

    $578,000 Price

    Celeste Barr
     Section Image
  • Eric Hedstrom Real Estate Agent - McAllister Real Estate

    Eric Hedstrom

    McAllister Real Estate

    (847) 393-0798

    20 Total Sales

    1 in Reseda

    $195,000 Price

    Eric Hedstrom
     Section Image
  • Jamie Walker Real Estate Agent - @properties Christie's International Real Estate

    Jamie Walker

    @properties Christie's International Real Estate

    (224) 282-0398

    73 Total Sales

    1 in Reseda

    $575,000 Price

    Jamie Walker
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See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$420,000 Attorney
Sava Aurelian $350,000 Proper Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $377,910
Closed Sava Aurelian $315,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/19/2021 11/19/21 Sold $419,900 -1.2% $193 / Sq Ft
10/11/2021 10/11/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $425,000 -- $195 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,052 $47,001 $9,263 $37,738
2024 $9,052 $33,892 $7,800 $26,092
2023 $8,727 $33,892 $7,800 $26,092
2022 $8,727 $33,892 $7,800 $26,092
2021 $8,350 $29,041 $4,875 $24,166
2020 $8,298 $29,041 $4,875 $24,166
2019 $8,322 $32,448 $4,875 $27,573
2018 $8,147 $29,652 $4,387 $25,265
2017 $8,921 $32,636 $4,387 $28,249
2016 $8,546 $32,636 $4,387 $28,249
2015 $9,159 $29,810 $3,900 $25,910
2014 $7,502 $29,810 $3,900 $25,910
2013 $7,483 $29,810 $3,900 $25,910
Source: Public Records

Agents Affiliated with this Home

  • Diana Eckstrom Real Estate Agent - The McDonald Group

    Seller's Agent in 2021

    Diana Eckstrom

    The McDonald Group

    (847) 987-5006

    1 in this area

    26 Total Sales

    Diana Eckstrom
    Section Image
  • Salma Torres Real Estate Agent - @ Properties

    Buyer's Agent in 2021

    Salma Torres

    @ Properties

    (312) 682-8500

    1 in this area

    189 Total Sales

    Salma Torres
    Section Image
  • Sharron Kelley Real Estate Agent - @ Properties

    Seller's Agent in 2015

    Sharron Kelley

    @ Properties

    (847) 980-0426

    2 Total Sales

    Sharron Kelley
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11227851

Midwest Real Estate Data (MRED)

APN: 02-11-416-020-0000

Illinois Cook County Palatine 60074 Reseda

525 E Balsam Ln, Palatine, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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