Estimated payment $1,892/month
Highlights
- Waterfront
- Clubhouse
- L-Shaped Dining Room
- Palatine High School Rated A
- Corner Lot
- Community Pool
About This Home
GREAT OPPORTUNITY to own a condo to either live in or continue to rent to current tenant! GREAT location just off Rt 53 & Rand Road! Convenient to plenty of shopping and restaurants! This 2 bedroom, 2 bathroom CORNER unit with walkout through the sliding glass doors to the patio with a pond view! Unit has been updated throughout in 2019: Kitchen with tall maple cabinets & crown molding, granite countertops, stainless steel appliances & ceramic tile! Bathrooms also with maple cabinets, granite vanities, light fixtures & hardware! Newer carpeting, paint & light fixtures throughout rest of the unit! Interior doors also replaced with white panel doors! Expansive living room opens to dining room! Master bedroom with a walk-in closet! 2nd bedroom with hall bath! 2nd floor with laundry & storage #3! Association fees include almost everything: Heat, Water, Gas, Parking, Common Insurance, Clubhouse, Pool, Tennis & Volleyball Courts, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal! ONLY pay for Electricity! Current lease ends May 30, 2027. Continue to lease out or tenant is willing to move out sooner with a 60 day notice.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,547
Year Built
- Built in 1980 | Remodeled in 2019
HOA Fees
- $376 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
- Frame Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,132 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- L-Shaped Dining Room
- Water Views
- Intercom
- Laundry Room
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
- Driveway
- Parking Lot
- Parking Included in Price
- Unassigned Parking
Schools
- Lake Louise Elementary School
- Winston Campus Middle School
- Palatine High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Lake Michigan Water
Additional Features
- Patio
- Waterfront
Community Details
Overview
- Association fees include heat, water, gas, insurance, clubhouse, pool, exterior maintenance, lawn care, scavenger, snow removal
- 8 Units
- Manager Of Runaway Bay Association, Phone Number (630) 584-0209
- Runaway Bay Subdivision
- Property managed by Property Manager Techniques
Amenities
- Clubhouse
- Coin Laundry
- Community Storage Space
Recreation
- Tennis Courts
- Community Pool
Pet Policy
- Pets up to 35 lbs
- Dogs and Cats Allowed
Security
- Carbon Monoxide Detectors
Home Values in the Area
Average Home Value in this Area
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 | $3,547 | $16,808 | $2,618 | $14,190 |
| 2024 | $3,547 | $11,983 | $2,205 | $9,778 |
| 2023 | $3,432 | $11,983 | $2,205 | $9,778 |
| 2022 | $3,432 | $11,983 | $2,205 | $9,778 |
| 2021 | $2,434 | $7,495 | $1,378 | $6,117 |
| 2020 | $2,398 | $7,495 | $1,378 | $6,117 |
| 2019 | $2,402 | $8,374 | $1,378 | $6,996 |
| 2018 | $1,986 | $6,392 | $1,240 | $5,152 |
| 2017 | $1,949 | $6,392 | $1,240 | $5,152 |
| 2016 | $1,812 | $6,392 | $1,240 | $5,152 |
| 2015 | $1,639 | $5,334 | $1,102 | $4,232 |
| 2014 | $1,619 | $5,334 | $1,102 | $4,232 |
| 2013 | $1,578 | $5,334 | $1,102 | $4,232 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/16/2026 02/16/26 | For Sale | $234,900 | 0.0% | $208 / Sq Ft |
| 09/28/2025 09/28/25 | Rented | $1,775 | 0.0% | -- |
| 09/11/2025 09/11/25 | Price Changed | $1,775 | -10.1% | $2 / Sq Ft |
| 08/10/2025 08/10/25 | Price Changed | $1,975 | -8.1% | $2 / Sq Ft |
| 07/18/2025 07/18/25 | For Rent | $2,150 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $145,000 | First American Title Ins Co | |
| Special Warranty Deed | $127,000 | Multiple |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $116,000 | Unknown | |
| Previous Owner | $25,380 | Stand Alone Second | |
| Previous Owner | $101,520 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12569861
APN: 02-12-213-001-1093
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