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$435,000   Price Analysis
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1514 Palamino Dr
Mchenry, IL 60051
4 bed 2 bath 2,308 SqFt ($188/SqFt)
1.1 acre lot. Built 1977
Listed 2024-06-28, HOA $8, Taxes $8,352
Ⓧ USDA Ineligible
due to location

near Lakemoor

This charming brick ranch is nestled on a sizeable 1.1 acre corner lot in Val Mar Estates

* Has Contingent Offer *

Offering a tranquil country setting with convenient access to downtown amenities. Located less than 2 miles from the McHenry Riverwalk and an array of shops and restaurants along RT31, it blends modern comforts with classic architectural features. The home has been recently remodeled and features four bedrooms (4th bedroom currently being used as office), two and a half bathrooms, including a living room with a attractive bay window perfect for a home office or learning space. The open concept gourmet kitchen is bathed in natural light, showcasing elegant white cabinetry, modern hardware, stainless steel appliances, quartz countertops and a striking island.

A spacious combo dining and family room boasts a brick fireplace and sliding door leading to the backyard and expansive concrete patio, ideal for outdoor gatherings. The master bedroom includes a walk-in closet and private bath, with three additional bedrooms and 1.5 baths completing the main level. A partially unfinished basement awaits your personal touch. Recent upgrades include an electric panel in 2017, a new roof in 2019, updated HVAC in 2020, new flooring in 2020, a gas range in 2021 and refreshed interiors with freshly painted walls, trim, doors, front door and xterior windows in 2022.


Presented by Jay Reid at
HomeSmart Connect LLC - Arlington Heights.
Listing Agent Photo

Property MLS #12088202 from MRED

Bedrooms: 4
Bedrooms Possible: 4
Primary Bedroom Dimensions: 15 x 15
Bedroom 2 Dimensions: 14 x 12
Bedroom 3 Dimensions: 13 x 13
Bedroom 4 Dimensions: 12 x 11
Primary Bedroom Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Main

Total Rooms: 8
Laundry: 7 x 4
Laundry Level: Main
Basement Features: Full
Family Room Dimensions: 27 x 14
Living Room Dimensions: 21 x 14
Family Room Level: Main
Living Room Level: Main
Basement Description: Unfinished

Total Bathrooms: 2
Full Bathrooms: 2

First Floor Bedroom
First Floor Laundry

Yes

Cooling Features: Central Air
Fireplace Features: Wood Burning
Heating Features: Natural Gas, Forced Air
Number of Fireplaces: 1

Dining Area Level: Main
Kitchen Dimensions: 15 x 14
Kitchen Level: Main

Patio
Other Structures: Shed(s)

Driveway: Asphalt
Garage Spaces: 2
Garage Description: Detached
Garage Features: Garage Door Opener(s), Transmitter(s)
Parking Total: 2

Lot Size Acres: 1.0962
Lot Size Dimensions: 258X191X244X129
Lot Size Square Feet: 47750

Association: Yes
Association Fee: 100
Association Fee Frequency: Annually
Association Fee Includes: Insurance
Calculated Total Monthly Association Fees: 8

Elementary School District: 15
High School District: 156

Mchenry Middle School is a public middle school located approximately 0.7 miles away.
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Hilltop Elementary School is a public elementary school located approximately 1.1 miles away.
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Mchenry East High School is a public high school located approximately 2.1 miles away.
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Montini Catholic School is a private elementary and middle school located approximately 2.1 miles away.
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Annual Tax Amount: 8646.00
Source Listing Status: Active Under Contract
County: McHenry
Directions: Route 120 N on Chapel Hill Rd E on Lincoln Rd S on Palamino
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential
Source Neighborhood: Val Mar Estates
Parcel Number: 1030402001
Subdivision: Val Mar Estates
Township: McHenry
Property Subtype: Detached Single
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$77,250 + $22,387
$99,637
$8,352
2021$71,941 + $20,848
$92,789
$7,939
2020$68,942 + $19,979
$88,921
$7,669
2019$65,466 + $18,972
$84,438
$7,550
2018$62,497 + $18,112
$80,609
$8,000
2017$58,655 + $16,999
$75,654
$6,905
2016$54,818 + $15,887
$70,705
$6,609
2015$51,041 + $14,792
$65,833
$6,922
2014$65,769 + $15,115
$80,884
$8,997
2013$68,056 + $15,641
$83,697
$8,782
2012$73,934 + $16,992
$90,926
$8,595
2011$80,556 + $18,514
$99,070
$8,139
2010$84,352 + $19,386
$103,738
$7,572
2008$92,186 + $21,187
$113,373
$6,955
2007$89,284 + $20,520
$109,804
$6,560
2006$86,499 + $19,880
$106,379
$6,246

Price Changed 2024-07-19
$435,000
MRED
Price Changed 2024-07-02
$449,500
MRED
Listed 2024-06-28
$459,900
MRED
Sold 2023-06-06
$375,000
MRED
Listed 2023-05-01
$369,000
MRED
Sold 2022-12-21
$330,000
MRED
Listed 2022-11-19
$324,900
MRED
Listing removed 2020-03-11
$229,900
MRED
Sold 2017-09-17
$220,000
MRED
Listed 2017-07-31
$225,000
MRED
Listing removed 2017-07-31
$239,900
MRED
Listed 2017-06-21
$239,900
MRED
Sold 2015-05-22
$197,500
MRED
Price Changed 2015-04-09
$205,900
MRED
Listed 2015-03-25
$210,000
MRED
Sold 2000-11-06
$210,000
Public Record

Total Square Feet Living: 2308
Year Built: 1977
Foundation Details: Concrete Perimeter
Property Age: 47
Roof: Asphalt
Levels or Stories: 1
Architectural Style: Ranch

Sewer: Septic-Private
Water Source: Private Well
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.