Seller's Agent in 2023
Sandy Chambers
The McDonald Group
(847) 612-4705
1 in this area
41 Total Sales
846 N Sanborn Dr Palatine, IL 60074
Virginia Lake NeighborhoodEstimated Value: $579,000 - $666,000
4
Beds
2.5
Baths
2,262
Sq Ft
$277/Sq Ft
Est. Value
Highlights
- Lake Front
- Community Lake
- Main Floor Bedroom
- Palatine High School Rated A
- Deck
- Granite Countertops
About This Home
As of September 2023Check out this PRICE IMPROVEMENT! Vacation year round in your own resort! Rarely available waterfront home on secluded Virginia Lake--one of the cleanest, deepest, fish stocked lakes in IL. Looking for new owners to enjoy fishing, swimming, sailing, paddle boarding, and spectacular lake views/sunsets. Four spacious bedrooms--all with lake views! 1st floor Primary Bedroom with his and hers closets, and a full ensuite bath. 1st floor Family Room with fireplace and sliding glass door to oversized deck--with plenty of shade--that leads out to the lake and sand beach. Kitchen includes granite counters, large island with seating, and built-in desk/workspace. First floor laundry room with washer and dryer included. Separate dining and formal living room. Finished basement with workroom for your projects. Deep two car garage. The community around the lake offers many social activities including regattas and fishing contests. Recently updated HVAC and new roof in 2021. Pella windows and patio sliders with built-in blinds. This well-loved home offers a wealth of untapped potential for those seeking to modernize and create a personalized haven. Make it yours today and enjoy summer in the paradise!
Last Agent to Sell the Property
HomeSmart Connect LLC License #475177385 Listed on: 06/28/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,883
Year Built
- Built in 1973
Lot Details
- Lake Front
- Paved or Partially Paved Lot
HOA Fees
- $25 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Home Design
- Asphalt Roof
Interior Spaces
- 2,262 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Burning Fireplace
- Sliding Doors
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- Workshop
- Water Views
- Dormer Attic
- Storm Screens
Kitchen
- Electric Cooktop
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Partially Carpeted
- Porcelain Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
- Sink Near Laundry
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Outdoor Features
- Deck
- Pergola
- Porch
Schools
- Jane Addams Elementary School
- Winston Campus-Junior High
- Palatine High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Community Details
- Community Lake
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 28, 2023
Closed on
Sep 5, 2023
Sold by
Margaret M Lane Revocable Trust
Bought by
Clark Christine L
Seller's Agent
Sandy Chambers
HomeSmart Connect LLC
Buyer's Agent
Irene Yungerman
Baird & Warner
List Price
$625,000
Sold Price
$565,000
Premium/Discount to List
-$60,000
-9.6%
Views
458
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
$60,564
Avg. Annual Appreciation
5.27%
Original Mortgage
$452,000
Interest Rate
7.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2014
Sold by
Lane Donald L
Bought by
Lane Margaret M and Margaret M Lane Revocable Trust
Purchase Details
Closed on
Feb 13, 2012
Sold by
Lane Margaret M
Bought by
Lane Donald L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,146
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 1995
Sold by
Lane Donald L and Lane Margaret M
Bought by
Lane Margaret M
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 |
|---|---|---|---|
| Clark Christine L | $565,000 | Acuity Title | |
| Lane Margaret M | -- | None Available | |
| Lane Donald L | -- | None Available | |
| Lane Margaret M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Clark Christine L | $450,611 | |
| Closed | Clark Christine L | $452,000 | |
| Previous Owner | Lane Donald L | $291,146 | |
| Previous Owner | Lane Margaret M | $333,700 | |
| Previous Owner | Lane Margaret M | $282,200 | |
| Previous Owner | Lane Margaret M | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2023 09/08/23 | Sold | $565,000 | -1.7% | $250 / Sq Ft |
| 08/06/2023 08/06/23 | Pending | -- | -- | -- |
| 07/27/2023 07/27/23 | Price Changed | $575,000 | -4.2% | $254 / Sq Ft |
| 07/13/2023 07/13/23 | Price Changed | $600,000 | -4.0% | $265 / Sq Ft |
| 06/28/2023 06/28/23 | For Sale | $625,000 | -- | $276 / Sq Ft |
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 | $13,914 | $47,000 | $5,822 | $41,178 |
| 2023 | $11,698 | $47,000 | $5,822 | $41,178 |
| 2022 | $11,698 | $47,000 | $5,822 | $41,178 |
| 2021 | $10,883 | $33,511 | $5,390 | $28,121 |
| 2020 | $10,721 | $33,511 | $5,390 | $28,121 |
| 2019 | $8,968 | $37,443 | $5,390 | $32,053 |
| 2018 | $8,406 | $33,234 | $4,959 | $28,275 |
| 2017 | $8,280 | $33,234 | $4,959 | $28,275 |
| 2016 | $10,008 | $39,576 | $4,959 | $34,617 |
| 2015 | $8,322 | $31,582 | $4,528 | $27,054 |
| 2014 | $8,249 | $31,582 | $4,528 | $27,054 |
| 2013 | $8,007 | $31,582 | $4,528 | $27,054 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Irene Yungerman
Baird Warner
(773) 315-5874
1 in this area
82 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11818912
APN: 02-12-406-028-0000
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