$485,000 Price Analysis    ♡   Palatine, IL 60067 5 bed 2 bath unknown SqFt ($0/SqFt) 1.04 acre lot. Listed 2024-06-27, Taxes $2,174 | Ⓧ USDA Ineligible due to property near Palatine |
This property is an incredible opportunity for builders
Developers and investors; priced below its appraised value! A must-see parcel located in Palatine's Golden Corridor. This property boasts over an acre of picturesque landscape. Perfect for designing your dream build or develop two new homes. The 45, 564 sq. ft. lot is currently zoned R-1 and can easily convert to R-2 for subdivision into two residential lots. The proposed subdivision could result in two half-acre lots, each measuring 77'x296' (22, 856+/-sq ft) and 77'x296'x90'x296' (24, 811+/-sq ft). City water and sewer are available on the south side of Gilbert, with the current home already connected to the city sewer, gas and electric. Highly sought-after location blocks away from acclaimed Fremd High Sch ool District and Pleasant Hill Elementary.
With the Metra Station 1.5 miles away and quick access to Routes 53 and I90, you can easily reach O'Hare Airport, Downtown Chicago, local health services, shopping centers, restaurants and Forest Preserves in every direction. Historic Downtown Palatine, 1.5 miles away, offers a variety of shopping and dining options, as well as Farmers Markets and Town Festivals. Your family will be sure to love the close proximity to The Birchwood Rec Center with outdoor pool, picnic shelter, gymnasium, football and baseball/softball fields, tennis and basketball courts, playground, pre-school and much more. The nearby Palatine Senior Center offers programs and services which support Senior's and their families. Harper College, a renowned public community college, is also conveniently close. If it's outdoor enjoyment you seek, you will find Deer Grove Forest Preserve (3.5 miles), Palatine Prairie and Margreth Remer Reservoir Park (1.4 miles). When location is key and land opportunities are scarce, don't miss out on this prime parcel in the desirable Palatine Knolls Subdivision
Presented by Victoria Suthers at
Keller Williams Success Realty.
Property MLS #12081703 from MRED
Basement Features: Full, Walkout
Basement Description: Finished
Full Bathrooms: 2
Laundry Features: Gas Dryer Hookup
Heating Features: Steam
Number of Fireplaces: 2
Frontage Type: City Street, Public Road, Paved
Other Structures: Garage(s), Residence
Road Surface Type: Asphalt
Garage Description: Detached
Parking Total: 1
Lot Size Dimensions: 166X296X153X146X13X150
Lot Size Square Feet: 45302
Calculated Total Monthly Association Fees: 0
Elementary School District: 15
High School: Wm Fremd High School
High School District: 211
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Cook
Current Use: Single Family
Directions: Quentin Rd North of Illinois Ave , East to W. Gilbert Rd.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Land
Possible Use: Single Family
Source Neighborhood: Palatine Knolls
Parcel Number: 02223010280000
Subdivision: Palatine Knolls
Township: Palatine
Zoning: SINGL
Property Subtype: Land
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $2,393 + $28,477 $30,870 | $2,174 |
| 2020 | $2,393 + $28,477 $30,870 | $1,995 |
| 2019 | $2,393 + $28,477 $30,870 | $1,977 |
| 2018 | $13,380 + $26,199 $39,579 | $2,146 |
| 2017 | $13,380 + $26,199 $39,579 | $2,068 |
| 2016 | $13,380 + $26,199 $39,579 | $2,640 |
| 2015 | $29,565 + $7,973 $37,538 | $3,005 |
| 2014 | $29,565 + $7,973 $37,538 | $2,907 |
| 2013 | $29,565 + $7,973 $37,538 | $2,900 |
| 2012 | $12,304 + $28,477 $40,781 | $2,494 |
| 2011 | $12,304 + $28,477 $40,781 | $2,425 |
| 2010 | $12,304 + $28,477 $40,781 | $2,154 |
| 2009 | $45,496 + $9,112 $54,608 | $1,921 |
| 2007 | $42,904 + $14,580 $57,484 | $4,879 |
| 2006 | $22,876 + $27,338 $50,214 | $2,394 |
$485,000
MRED
Price Changed 2024-08-05
$485,000
MRED
Listed 2024-06-27
$500,000
MRED
Listed 2024-06-26
$500,000
MRED
Gas to Site
Sanitary Sewer
Water to Site
Well Private
Levels or Stories: 1
Architectural Style: Ranch
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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.