656 E Palatine Rd Palatine, IL 60074
Downtown Palatine NeighborhoodEstimated Value: $302,380
2
Beds
2
Baths
822
Sq Ft
$368/Sq Ft
Est. Value
Highlights
- Recreation Room
- Ranch Style House
- Home Office
- Winston Campus Elementary School Rated A-
- Wood Flooring
- Fenced Yard
About This Home
As of March 2023Check out this amazing starter home or investment opportunity! Move right in to this home that features a refinished kitchen with granite counters, nice hardwood floors throughout most of the main level, a finished basement with an office (or bedroom), bathroom, living room AND exterior access door to the backyard - a great way to House Hack as an investment property or use as your own extra space! Many major items have been replaced in the last few years so there's very little to do in the near future! A/C replaced in 2020, Electrical in 2011, Furnace and Water Heater are also recent. There are ceiling fans in both bedrooms to keep you comfortable. Easy access to Highway 53 and a very short trip to Downtown Palatine for the METRA train, pools, parks, restaurants, shopping, farmers market.
Last Agent to Sell the Property
Charles Rutenberg Realty of IL License #475173178 Listed on: 10/15/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,363
Year Built
- Built in 1946
Lot Details
- 7,501 Sq Ft Lot
- Lot Dimensions are 150x50
- Fenced Yard
- Paved or Partially Paved Lot
Parking
- 1.5 Car Detached Garage
- Driveway
- Parking Space is Owned
Home Design
- Ranch Style House
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 822 Sq Ft Home
- Living Room
- Home Office
- Recreation Room
- Wood Flooring
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Bathroom on Main Level
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Finished Basement Bathroom
Schools
- Winston Campus-Elementary School
- Winston Campus-Junior High
- Palatine High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2022
Closed on
Mar 23, 2023
Sold by
Richards Anna
Bought by
Fito Charles
Seller's Agent
Ben Useni
Charles Rutenberg Realty of IL
Buyer's Agent
Martha Lozano
RE/MAX City
List Price
$254,000
Sold Price
$250,000
Premium/Discount to List
-$4,000
-1.57%
Total Days on Market
95
Views
292
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,380
Avg. Annual Appreciation
9.07%
Original Mortgage
$245,471
Outstanding Balance
$239,533
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$62,847
Purchase Details
Listed on
Jun 22, 2020
Closed on
Sep 14, 2020
Sold by
Krogstad Norbert V and Kane Cynthia S
Bought by
Richards Anna
Seller's Agent
Scott Henninger
Keller Williams Thrive
Buyer's Agent
Ben Useni
Charles Rutenberg Realty of IL
List Price
$209,900
Sold Price
$205,000
Premium/Discount to List
-$4,900
-2.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$164,000
Interest Rate
2.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 19, 2011
Sold by
Krogstad Norbert and Krogstad Colleen M
Bought by
Krogstad Norbert V and Kane Cynthia S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,341
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 5, 2011
Sold by
Castaneda Raul
Bought by
Krogstad Norbert
Purchase Details
Closed on
Sep 25, 2008
Sold by
Castaneda Raul and Ramirez Maria I
Bought by
Castaneda Raul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,925
Interest Rate
6.52%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 23, 2004
Sold by
Castaneda Raul and Ramirez Leticia
Bought by
Castaneda Raul and Ramirez Maria I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,984
Interest Rate
5.81%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 12, 2003
Sold by
Bedard Fred C
Bought by
Castaneda Raul and Ramirez Leticia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,508
Interest Rate
6.1%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 29, 2000
Sold by
Seely Jennifer L
Bought by
Bedard Fred C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,732
Interest Rate
8.55%
Mortgage Type
FHA
Purchase Details
Closed on
May 17, 1999
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Seeley Jennifer L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,300
Interest Rate
7.28%
Mortgage Type
FHA
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fito Charles | $250,000 | None Listed On Document | |
| Richards Anna | $205,000 | Chicago Title | |
| Krogstad Norbert V | -- | Premium Title Group Llc | |
| Krogstad Norbert | $118,000 | Chicago Title Insurance Co | |
| Castaneda Raul | -- | Law Title Insurance | |
| Castaneda Raul | -- | Multiple | |
| Castaneda Raul | $225,000 | Lawyers Title Insurance Corp | |
| Bedard Fred C | $155,000 | -- | |
| Seeley Jennifer L | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fito Charles | $245,471 | |
| Previous Owner | Richards Anna | $164,000 | |
| Previous Owner | Krogstad Norbert V | $101,341 | |
| Previous Owner | Castaneda Raul | $240,478 | |
| Previous Owner | Castaneda Raul | $236,925 | |
| Previous Owner | Castaneda Raul | $227,984 | |
| Previous Owner | Castaneda Raul | $222,508 | |
| Previous Owner | Bedard Fred C | $159,761 | |
| Previous Owner | Bedard Fred C | $153,732 | |
| Previous Owner | Seeley Jennifer L | $128,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2023 03/27/23 | Sold | $250,000 | -1.6% | $304 / Sq Ft |
| 01/19/2023 01/19/23 | Pending | -- | -- | -- |
| 01/06/2023 01/06/23 | For Sale | $254,000 | +1.6% | $309 / Sq Ft |
| 01/05/2023 01/05/23 | Off Market | $250,000 | -- | -- |
| 01/05/2023 01/05/23 | For Sale | $254,000 | +1.6% | $309 / Sq Ft |
| 01/04/2023 01/04/23 | Off Market | $250,000 | -- | -- |
| 11/02/2022 11/02/22 | Price Changed | $254,000 | -1.9% | $309 / Sq Ft |
| 10/22/2022 10/22/22 | Price Changed | $259,000 | -3.7% | $315 / Sq Ft |
| 10/15/2022 10/15/22 | For Sale | $269,000 | +31.2% | $327 / Sq Ft |
| 09/21/2020 09/21/20 | Sold | $205,000 | -2.3% | $249 / Sq Ft |
| 06/28/2020 06/28/20 | Pending | -- | -- | -- |
| 06/22/2020 06/22/20 | For Sale | $209,900 | 0.0% | $255 / Sq Ft |
| 06/06/2016 06/06/16 | Rented | $1,500 | 0.0% | -- |
| 04/29/2016 04/29/16 | For Rent | $1,500 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $6,874 | $24,000 | $4,500 | $19,500 |
| 2023 | $6,874 | $24,000 | $4,500 | $19,500 |
| 2022 | $6,874 | $24,000 | $4,500 | $19,500 |
| 2021 | $5,445 | $16,765 | $2,625 | $14,140 |
| 2020 | $5,363 | $16,765 | $2,625 | $14,140 |
| 2019 | $5,354 | $18,670 | $2,625 | $16,045 |
| 2018 | $6,180 | $19,886 | $2,437 | $17,449 |
| 2017 | $6,063 | $19,886 | $2,437 | $17,449 |
| 2016 | $5,639 | $19,886 | $2,437 | $17,449 |
| 2015 | $4,977 | $16,199 | $2,250 | $13,949 |
| 2014 | $4,917 | $16,199 | $2,250 | $13,949 |
| 2013 | $4,791 | $16,199 | $2,250 | $13,949 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Useni
Seller's Agent in 2023
Ben Useni
Charles Rutenberg Realty of IL
(630) 597-5267
2 in this area
29 Total Sales
-
Martha Lozano
Buyer's Agent in 2023
Martha Lozano
RE/MAX
(773) 844-3207
2 in this area
245 Total Sales
-
Scott Henninger
Seller's Agent in 2020
Scott Henninger
Keller Williams Thrive
(847) 651-1614
12 in this area
111 Total Sales
-
Randall Brush
Seller's Agent in 2016
Randall Brush
Coldwell Banker Realty
(847) 254-3300
10 in this area
325 Total Sales
-
Amy Kite
Buyer's Agent in 2016
Amy Kite
Keller Williams Infinity
(224) 337-2788
2 in this area
1,136 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11653444
APN: 02-14-412-017-0000
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