Check Availability

1514 Palamino Drive

1514 Palamino Drive, Mchenry, IL 60051
Sold Jun 13, 2023
$375,000
$195,000 by Rocket Mortgage Llc
Mortgage Due Jul 01, 2053
Sold Dec 27, 2022
$330,000
Local assessors in Mchenry, IL have categorized 1514 Palamino Drive as a residential type of property. The home was built in 1977 and is 47 years old. The property's lot size has been calculated to be 40,511 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. As for the restroom situation, there are 2 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1514 Palamino Drive has a total of 2,308 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 864 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1514 Palamino Drive was last sold in Jun 2, 2023 for $375,000. According to our calculations, that's $118.22 per sqft. Prior to that sales transaction, the property was sold for $330,000 in Dec 14, 2022. Current property owners are expected to pay $8,352 in taxes per year. The property on 1514 Palamino Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $99,637. To break that down further, the land itself was valued at $22,387. While improvements to the property were assessed at a total of $77,250. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 10
  • Construction Type: Masonry
  • Building Style: Unknown
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 864
  • Garage Type: Garage
  • Garage Square Area: 528
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 40,511
  • Total Building Area: 3,172
  • Building Area: 2,308
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,308
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VAL MAR COUNTRY ESTATES 1ST ADDN
  • Land Acres: 1.012
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: DOC 2022R0042063 LT 13 BLK 3 VAL MAR COUNTRY ESTATES 1ST ADDN

Ownership

  • Current Owner : COULTER WILLIAM
  • Current Owner 2: COULTER BONITA
  • Previous Owner : SOMMERS WILLIAM P
  • Previous Owner 2: SOMMERS JUDY P
  • Owner Before Previous Owner: FOSTER ROBERT M
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: McHenry Community High School District 156
  • Census Tract: 870702

Geography

  • Parcel: 10-30-402-001
  • Block: 3
  • Lot: 13
  • Municipality: MCHENRY TWP
  • Latitude: 42.3497
  • Longitude: -88.2267

    Address

  • Full Address: 1514 Palamino Dr
  • Address - House Number: 1514
  • Address - Street Name: Palamino
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mchenry
  • Carrier Code: R006
  • 4-Digit Zip Code: 6931
  • Zip Code: 60051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,352
  • Tax Rate Code Area: 10012

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 387,231
  • High Value: 448,196
  • Low Value: 326,266

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jun 13, 2023
  • First Open Lien Mortgage Loan Amount: $195,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $298,911
  • Market Land Value: $67,161
  • Market Improvement Value: $231,750

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,637
  • Assessed Land Value: $22,387
  • Assessed Improvements Value: $77,250

    Sales

  • Current Sale Contract Date: Jun 02, 2023
  • Current Sale Recording Date: Jun 13, 2023
  • Current Sale Transaction ID: 11908112078
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 13871
  • Previous Sale Recording Date: Dec 27, 2022
  • Previous Sale Contract Date: Dec 14, 2022
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Jun 13, 2023
  • First Mortgage Loan Amount: $195,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

About Val-Mar Country Estates



Similar Buildings

House at 1514 Palamino Drive,

2004 West Lincoln Road

  • 1 Unit for Sale
2004 West Lincoln Road, Mchenry, IL 60051
House at 1514 Palamino Drive,

2320 Tyler Trail

  • 1 Unit for Sale
2320 Tyler Trail, Mchenry, IL 60051
House at 1514 Palamino Drive,

2317 Tyler Trail

  • 1 Unit for Sale
2317 Tyler Trail, Mchenry, IL 60051
House at 1514 Palamino Drive,

914 State Rte 120

  • 1 Unit for Sale
914 State Rte 120, Mchenry, IL 60051

Nearby Rentals

Unit for rent at 3715 Saint Johns Avenue, Johnsburg, IL, 60051

$2,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,488 ft²
3715 Saint Johns Avenue, Johnsburg, IL, 60051 Listing by Heidi Peterson
Unit for rent at 1304 River Terrace Dr, MCHENRY, IL, 60051

$2,500 /mo

  • 3 Beds
  • 1.5 Baths
  • 1,766 ft²
1304 River Terrace Dr, MCHENRY, IL, 60051 Listing by Dave DeFazio
Unit for rent at 2906 Il-120 Highway, McHenry, IL, 60051

$9 /mo

  • Studio
2906 Il-120 Highway, McHenry, IL, 60051 Listing by Christian Marinello

Frequently Asked Questions

What neighborhood is 1514 Palamino Drive located in?
The 1514 Palamino Drive is a house located in the neighborhood of Val-Mar Country Estates in Val-Mar Country Estates, Mchenry.
What is the average sales price for listings in 1514 Palamino Drive?
The average sales price for units in 1514 Palamino Drive is $239,900 , or $104/sqft. currently.

Quantcast