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Palatine 60074
1053 E Flake Drive
$460,000
● House - Off Market

1053 E Flake Drive

Palatine, IL 60074
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$2,776
Est. Monthly
7.84%
Cap Rate

About This Property

Welcome to your dream home nestled in a serene neighborhood, just moments away from schools and parks. This beautiful raised ranch has been lovingly renovated over the last 30 years, ensuring every inch exudes warmth and charm.  Featuring 4 bedrooms, with 3 upstairs and one downstairs, along with 2 updated full bathrooms boasting custom finishes throughout. The heart of the home, the custom kitchen, has been reconfigured and expanded to perfection. Highlights include custom cabinets, brand new stainless steel oven, new dishwasher, and new microwave, a JennAir cooktop, smart hub refrigerator, granite counters, pull-out pantry, and high ceilings with two added skylights, bathing the space in natural light.  Enjoy the convenience of a brand new roof, all new thermopane windows throughout the home, along with one-touch blinds below, new lighting fixtures, and ceiling fans. Upstairs enjoy floor to ceiling windows, gleaming, newly refinished, hardwood floors and crown molding add a touch of elegance.  The lower level offers a cozy retreat with a gorgeous wood trim accent wall, new vinyl flooring, crown molding, and fresh paint. 2020 high efficiency furnace and AC, Updated laundry room, full bathroom, and additional bedroom.  Step outside to your own oasis in the backyard, complete with a two-tier lighted deck featuring a built-in gazebo, large patio, and fully fenced yard with a shed. Professional landscaping, a custom retaining wall, walkway, and driveway complete the picture.  Conveniently located near the Metra, expressway, parks, and schools, this home is truly one not to miss!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$357
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #12061838)

Price History

Date / Event Date Event Price
Sep 27, 2024 Sold
Sold
May 21, 2024 Listed by Baird & Warner $445,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,936
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINSTON PARK NORTHWEST UNIT2
  • Land Acres: 0000000205
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (WINSTON) PARK (NORTHWEST)(UNIT2) SUB IN SEC 13-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803607

Geography

  • District: 29
  • Parcel: 02-13-312-012-0000
  • Block: 20
  • Lot: 12
  • Meridian: SEC 13 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1131
  • Longitude: -88.0173

    Address

  • Full Address: 1053 E Flake Dr
  • Legal Unit: 2
  • Address - House Number: 1053
  • Street Direction: E
  • Address - Street Name: Flake
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C001
  • 4-Digit Zip Code: 5642
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $709,044
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 359,166
  • High Value: 441,179
  • Low Value: 277,154

    Market Valuation

  • Market Total Value: $281,780
  • Market Land Value: $71,490
  • Market Improvement Value: $210,290

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,178
  • Assessed Land Value: $7,149
  • Assessed Improvements Value: $21,029
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palatine


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Frequently Asked Questions

When was property at 1053 East Flake Drive built and last sold?
The property at 1053 East Flake Drive was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1053 East Flake Drive is $442,818.
What are some comparable homes to 1053 East Flake Drive?
There are currently no comparable homes to 1053 East Flake Drive.