NOT LISTED FOR SALE

55 S Stonington Dr Unit 214 Palatine, IL 60074

Twin Lakes Neighborhood

Estimated Value: $303,959 - $342,000

2 Beds
2 Baths
-- Sq Ft
$335/mo HOA Fee

Last Sold December 13, 2021

Last sale price $235,000

Est. 35% increase in value since last sale

Current estimated payment $2,426/month

18 Days on Market

Highlights

  • Living Room with Fireplace
  • Formal Dining Room
  • Senior Tax Exemptions
  • Winston Campus Elementary School Rated A-
  • Attached Garage

About This Home

As of December 2021

LOVELY 2-STORY TOWNHOME IN PRIME AREA (STONINGTON) WITH POND LOCATION!! This 2 Bedroom, 1 1/2 Bath Unit Offers NEWER MAJORS: Furnace 2020, Air Conditioner 2019, Water Heater 2017! Updated Kitchen w/ NEW Cabinets 2020, NEW Counters 2019, All NEW Appliances 4-5 Years, Replaced Dbl Sink, and Glass Tile Wall Accents* Powder Rm Updated 2015* 2nd Floor OPEN Family Rm/Loft Area* 6-Panel Doors T/O* Master has Walk-In w/ Closet Organizers* Updated Full Bath w/ "Comfort Level" Toilet, Raised Vanity w/ Marble Counter and Direct Access to Master* Washer + Dryer 10 Years* Longtime Owner has PAMPERED this Townhome! Quiet, Peaceful Location Overlooking Pond, Yet Close to Everything... Including Short Distance to MAJOR PARKS!!

Last Agent to Sell the Property

Laura L Weaver

RE/MAX Suburban License #475125583 Listed on: 10/13/2021

RE/MAX Suburban

Last Buyer's Agent

Joann Zhou

Pan Realty LLC License #475158442

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,843

Year Built

  • 1988

Lot Details

  • 15.49

HOA Fees

  • $335 per month

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • Living Room with Fireplace
  • Formal Dining Room

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 4 Units
  • Jennifer Payne Association, Phone Number (847) 806-6121
  • Property managed by PROPERTY SPECIALIST INC

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,843

Year Built

1988

Lot Details

0

HOA Fees

$335 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Townhouse-2 Story
  • Property Sub Type: Townhouse-2 Story
  • Age: 31-40 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
  • Unit Floor Level: 1
  • Directions: 53 PALATINE RD WEST TO WINSTON, SOUTH TO FRONTAGE RD, MAKING A QUICK RIGHT FROM WINSTON, WEST TO STONINGTON
  • Lot Size: INTREGAL
  • New Construction: No
  • Ownership: Co-op
  • Subdivision Name: Stonington
  • Special Features: None
  • Year Built: 1988

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: None
  • Fireplace Features: Gas Log, Gas Starter
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Second Floor Laundry, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Dining Room Type: Foyer, Walk In Closet
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Patio, Storms/Screens, End Unit
  • Exterior Building Type: Frame
  • Lot Features: Pond(s), Water View
  • Waterfront: Yes

Garage/Parking

  • Number of Cars: 1
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Electric: Circuit Breakers
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Management: Manager Off-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: PROPERTY SPECIALIST INC
  • Management Contact Name: Jennifer Payne
  • Management Phone: 847-806-6121
  • Association Fee: 335
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK

Fee Information

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

Schools

  • Elementary School: Winston Campus-Elementary
  • High School: Palatine High School
  • Junior High Dist: 211
  • Middle Or Junior School: Winston Campus-Junior High

Lot Info

  • Special Assessments: N
  • Additional Parcels: No

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Multi Family

  • Units in Building: 4

Tax Info

  • Tax Exemptions: Homeowner,Senior
  • Tax Annual Amount: 5046.03
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2022
Sold by
Chen Belfen and Chen Tinghuai
Bought by
Chicago Title Land Trust Company
Current Estimated Value
$317,990

Purchase Details

Listed on
Oct 13, 2021
Closed on
Dec 13, 2021
Sold by
Smith Linda J
Bought by
Chen Beifen and Wu Tinghuai
Seller's Agent
Laura L Weaver
RE/MAX Suburban
Buyer's Agent
Joann Zhou
Pan Realty LLC
List Price
$249,000
Sold Price
$235,000
Premium/Discount to List
-$14,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.17%

Purchase Details

Closed on
Jan 31, 1996
Sold by
Scarcella Gloria M
Bought by
Smith Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
7.11%
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 Buyer Sale Price Title Company
Chicago Title Land Trust Company -- Chicago Title
Chen Beifen $235,000 Attorneys Ttl Guaranty Fund
Smith Linda J $136,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Linda J $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2021 12/13/21 Sold $235,000 -5.6% --
11/01/2021 11/01/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $249,000 -- --
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 $4,843 $22,062 $3,428 $18,634
2023 $6,482 $22,062 $3,428 $18,634
2022 $6,482 $22,062 $3,428 $18,634
2021 $5,057 $18,357 $2,142 $16,215
2020 $5,046 $18,357 $2,142 $16,215
2019 $5,068 $20,507 $2,142 $18,365
2018 $4,027 $15,833 $1,928 $13,905
2017 $3,971 $15,833 $1,928 $13,905
2016 $3,961 $15,833 $1,928 $13,905
2015 $3,231 $12,655 $1,714 $10,941
2014 $3,214 $12,655 $1,714 $10,941
2013 $3,116 $12,655 $1,714 $10,941
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11245214

Midwest Real Estate Data (MRED)

APN: 02-24-104-059-1056