$560,000
SOLD FEB 21, 2025

547 E Cunningham Dr Palatine, IL 60074

Reseda Neighborhood
4 Beds
2.5 Baths
2,777 Sq Ft
10,106 Sq Ft Lot

Recently Sold

$202 Per Sq Ft

12% Below List Price

57 Days on Market

Highlights

  • Wood Flooring
  • Skylights
  • Brick Porch or Patio
  • Palatine High School Rated A
  • 2 Car Attached Garage
  • Laundry Room

About This Home

As of February 2025

Luxury upgraded brick and cedar colonial on a full quarter acre. The Great room with vaulted ceiling, crown molding, solid oak interior doors, and Pella double-hung windows with mullions and blinds. 8' high Pella French doors from the great room and sliding patio door from kitchen to brick patio. Brick front porch and driveway. Beautifully landscaped private rear yard with 6 ft cedar fence, Austrian Pine, Maples, River Birch, Lilacs, Rose of Sharon, and Illinois Native Wildflowers. Has a built-in sprinkler system. Hardwood and ceramic floors throughout, with newer carpet in the basement. Wired for surround sound in great room and finished basement with built-in shelves. Granite surround gas fireplace with beautiful maple mantle. Matching granite in the kitchen, powder room, and master bath. The primary bath has its own "tankless water heater" for endless hot water. The generous kitchen opens to the patio and has a skylight and generous cabinet space. Granite countertops and telephone desk, well-lit by skylight during the day and with undercabinet lighting at other times. Stainless and black appliances, including whisper-quiet dishwasher. Ceramic floors throughout the kitchen extend into the laundry room and powder room. A couple minutes from grade school, high school, running/biking trail, and shopping. Newer high-efficiency HVAC system (2016). Recent Exterior Updates include a new roof with architectural shingles in 2024. New paint 2024. New entry door 2024. New skylight (kitchen) 2024. Recent Interior updates include a new primary shower in 2024 with built-in shelves and a seat. Updated luxury hall bath 2023, including heated whirlpool tub, stone countertop, and solid wood cabinets. The Laundry Room with built-in cabinets and a second refrigerator, can be entered from the kitchen through a solid oak door with a separate pet door, or from the garage. Front load washer and dryer on stands with a counter above washer and dryer. The enormous Great Room, which is close to 550 Sq Ft, contains crown molding, a vaulted ceiling, a ceiling fan, hardwood floors, and a gas fireplace. South-facing large picture window looking out over the garden. Lit throughout the day and the perfect space for entertaining family and friends, who can step out through 8-foot-high French Doors onto the brick patio and into the private gardens. This is wired for 7.1 surround sound. The Dining Room, with Wainscoting with wood trim, crown molding, and hardwood floors. Two large double-hung windows open to the front porch, and separate entrances are provided from the entry hall and kitchen. The front room/office private space with an oak French door entry off the hallway. Large windows to front, crown molding, and hardwood floors. The Primary Bedroom and Bathroom consist of crown molding, hardwood floors, many windows, dual sinks with granite countertops, generous closet space, and solid oak doors. Three additional bedrooms, two with walk-in closets, and all with hardwood floors and solid oak doors. The hardwood floors that lead upstairs are interrupted only by the luxury ceramic floor in the new hall bath and the luxury slate floors in the primary bath. The finished basement with two separate areas, one of the areas including recessed, lighting and built-in shelves on either side of a perfect space for a wall-mounted flat screen. Wired for 5.1 surround sound. The other area provides room for an extra guest bed, game area, or sitting area, and includes built-in shelves. Don't miss this chance to live in this sought-after neighborhood!!!

Last Agent to Sell the Property

Janine Sasso

Coldwell Banker Realty License #475164219 Listed on: 11/11/2024

Coldwell Banker Realty

Co-Listed By

Mark Faruzzi

Coldwell Banker Realty License #475169931

Last Buyer's Agent

Daniel Suwinski

Baird & Warner License #475155019

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,477

Year Built

  • Built in 1973

Parking

  • 2 Car Attached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,777 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Fireplace With Gas Starter
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Finished Basement
  • Partial Basement

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry on main level

Schools

  • Virginia Lake Elementary School
  • Walter R Sundling Middle School
  • Palatine High School

Utilities

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

Additional Features

  • Brick Porch or Patio
  • 10,106 Sq Ft Lot

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,477

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1973
  • 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
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Skylight(s), Hardwood Floors, First Floor Laundry
  • LivingArea: 2777
  • Room Type: Foyer
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Patio, Brick Paver Patio
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Virginia Lake Elementary School
  • High School: Palatine High School
  • Middle/Junior School: Walter R Sundling Middle School

Lot Info

  • Lot Size Acres: 0.232
  • Lot Dimensions: 10125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 10477
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2024
Closed on
Feb 18, 2025
Sold by
Fallon Steven P and Fallon Sarah E
Bought by
Cicero Nicole and Cicero Robert
Seller's Agent
Janine Sasso
Coldwell Banker Realty
Buyer's Agent
Daniel Suwinski
Baird & Warner
List Price
$638,000
Sold Price
$560,000
Premium/Discount to List
-$78,000
-12.23%
Views
122
Current Estimated Value
$593,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,070
Avg. Annual Appreciation
6.44%
Original Mortgage
$392,000
Outstanding Balance
$388,624
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$204,446

Purchase Details

Closed on
Apr 3, 1998
Sold by
Mccolgan Daniel B and Mccolgan Mary Beth
Bought by
Fallon Steven P and Fallon Sarah B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
7.27%

Purchase Details

Closed on
Jun 9, 1997
Sold by
Radakovich Michael L and Thompson Diane D
Bought by
Mccolgan Daniel B and Mccolgan Mary Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.5%
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 Type Sale Price Title Company
Warranty Deed $560,000 None Listed On Document
Warranty Deed $247,500 --
Warranty Deed $237,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $392,000 New Conventional
Previous Owner $185,600 No Value Available
Previous Owner $180,000 No Value Available
Closed $37,150 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2025 02/21/25 Sold $560,000 -5.9% $202 / Sq Ft
01/07/2025 01/07/25 Pending -- -- --
12/06/2024 12/06/24 Price Changed $595,000 -6.7% $214 / Sq Ft
11/11/2024 11/11/24 For Sale $638,000 -- $230 / 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
2025 $10,860 $54,000 $9,619 $44,381
2024 $10,860 $40,000 $8,100 $31,900
2023 $10,477 $40,000 $8,100 $31,900
2022 $10,477 $40,000 $8,100 $31,900
2021 $10,100 $34,430 $5,062 $29,368
2020 $10,022 $34,430 $5,062 $29,368
2019 $10,049 $38,470 $5,062 $33,408
2018 $10,893 $38,487 $4,556 $33,931
2017 $10,705 $38,487 $4,556 $33,931
2016 $10,205 $38,487 $4,556 $33,931
2015 $9,776 $34,442 $4,050 $30,392
2014 $9,674 $34,442 $4,050 $30,392
2013 $9,409 $34,442 $4,050 $30,392
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12207694

Midwest Real Estate Data (MRED)

APN: 02-11-415-027-0000