NOT LISTED FOR SALE

562 E Home Ave Palatine, IL 60074

Virginia Lake Neighborhood

Estimated Value: $656,981 - $709,000

4 Beds
3 Baths
2,595 Sq Ft
$260/Sq Ft Est. Value

Last Sold June 10, 2016

Last sale price $419,000 $161 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,594/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Vaulted Ceiling
  • Palatine High School Rated A
  • Recreation Room
  • Whirlpool Bathtub

About This Home

As of June 2016

Simply beautiful! Lots of light as you enter this open floor plan home w/2-story entry & living room, formal dining room w/bayed area. Large kitchen features an island, loads of cabinet/counter space, stainless appliances, spacious eating area w/sliding doors to deck. Kitchen opens to 18'x16' family room w/built-in entertainment center, fireplace, custom blinds. Powder room is highlighted w/a pretty vanity, art niches w/lights. Spacious laundry room has extra cabinets, utility sink, ceramic tile. Master bedroom suite features a vaulted ceiling, 2 walk-in-closets, double vanity, oversized whirlpool, separate shower, skylight. Spacious 2nd & 3rd bedrooms. 4th bedroom currently a loft and can be easily enclosed w/a closet. Finished basement has huge 27x20 rec room, 14x14 office, 13x13 utility room, loads of storage! Newer Anderson Renewal windows; new roof; new insulated siding, gutters, soffits, fascia. Fantastic back yard w/large deck, new fence & arbor. 3 car garage too! Truly special!

Last Agent to Sell the Property

Paula Carson

Compass License #471003011 Listed on: 04/06/2016

Compass

Last Buyer's Agent

Gerry Hilicki

Baird & Warner License #471002026

Baird & Warner

Home Details

Home Type

  • Single Family

Year Built

  • 1998

Lot Details

  • 8,276

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Garage Is Owned

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Home Office
  • Workroom
  • Recreation Room
  • Storage Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

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

Additional Features

  • North or South Exposure
  • Deck
  • Southern Exposure

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $2,000 Seller Concession

Home Details

Home Type

Single Family

Year Built

1998

Lot Details

8,276 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Detached Single
  • Age: 16-20 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Colonial
  • Type Detached: 2 Stories
  • Estimated Year Built: 1998
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1998

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, 1st Floor Laundry
  • Number Of Rooms: 11
  • Living Room: Dimensions: 15X15, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
  • Equipment: Humidifier, TV-Cable, CO Detectors, Ceiling Fan, Sump Pump
  • Fireplace Details: Wood Burning, Gas Starter
  • Fireplace Location: Family Room
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 11X8, On Level: Main Level, Flooring: Ceramic Tile
  • Dining Room: Dimensions: 15X14, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Kitchen Type: Dimensions: 14X10, On Level: Main Level, Flooring: Ceramic Tile, Windows: Blinds
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Office, Recreation Room, Storage, Workroom
  • Master Bedroom: Dimensions: 18X14, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Additional Room 1 Name: Office, Dimensions: 14X14, On Level: Basement
  • Additional Room 2 Name: Recreation Rm, Dimensions: 27X20, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 13X12, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Additional Room 3 Name: Work Rm, Dimensions: 13X13, On Level: Basement
  • Bedroom 3: Dimensions: 13X2, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Additional Room 4 Name: Storage, Dimensions: 9X3, On Level: Basement
  • Bedroom 4: Dimensions: 14X10, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Estimated Sq Ft: 2595
  • Dining Room Type: Separate
  • Family Room: Dimensions: 18X16, On Level: Main Level, Flooring: Carpet, Windows: Blinds

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding, Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck
  • Exposure: N (North), S (South)
  • Acreage: 0.1941

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Driveway: Asphalt
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • Junior High Dist: 15

Lot Info

  • Lot Dimensions: 65X121X63X19X118
  • Parcel Identification Number: 02112100370000

Tax Info

  • Taxes: 11224.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2020
Sold by
Gallagher Brette and Gallagher Patrick Thomas
Bought by
Gallagher Brette Michelle and Gallagher Patrick Thomas
Current Estimated Value
$675,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,000
Outstanding Balance
$245,801
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$429,944

Purchase Details

Listed on
Apr 6, 2016
Closed on
Jun 10, 2016
Sold by
Pennacchia Thomas and Pennacchia Daw
Bought by
Gallagher Brette and Bower Michael
Seller's Agent
Paula Carson
Compass
Buyer's Agent
Gerry Hilicki
Baird & Warner
List Price
$434,900
Sold Price
$419,000
Premium/Discount to List
-$15,900
-3.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%
Original Mortgage
$335,200
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 1997
Sold by
Concord Mills Ltd Partnership
Bought by
Pennacchia Thomas E and Pennacchia Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,900
Interest Rate
7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gallagher Brette Michelle -- National Title Solutions Inc
Gallagher Brette $419,000 Fidelity National Title
Pennacchia Thomas E $297,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallagher Brette Michelle $313,000
Closed Gallagher Brette $335,200
Previous Owner Pennacchia Thomas E $247,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2016 06/10/16 Sold $419,000 -3.7% $161 / Sq Ft
04/20/2016 04/20/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $434,900 -- $168 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $12,933 $59,000 $13,107 $45,893
2024 $12,933 $47,000 $10,993 $36,007
2023 $12,481 $47,000 $10,993 $36,007
2022 $12,481 $47,000 $10,993 $36,007
2021 $11,628 $39,134 $6,342 $32,792
2020 $11,527 $39,134 $6,342 $32,792
2019 $11,599 $43,873 $6,342 $37,531
2018 $12,423 $43,412 $5,707 $37,705
2017 $12,207 $43,412 $5,707 $37,705
2016 $11,601 $43,412 $5,707 $37,705
2015 $11,346 $39,551 $5,285 $34,266
2014 $11,225 $39,551 $5,285 $34,266
2013 $11,314 $40,885 $5,285 $35,600
Source: Public Records

Agents Affiliated with this Home

  • Paula Carson

    Seller's Agent in 2016

    Paula Carson

    Compass

    (847) 845-3948

    69 Total Sales

    Paula Carson
    Section Image
  • Gerry Hilicki

    Buyer's Agent in 2016

    Gerry Hilicki

    Baird Warner

    (847) 682-5217

    2 Total Sales

    Gerry Hilicki
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09186966

Midwest Real Estate Data (MRED)

APN: 02-11-210-037-0000

Illinois Cook County Palatine 60074 Virginia Lake

562 E Home Ave, Palatine, IL

Not Listed for Sale

Detached

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) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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