See Home Value
$441,000
● House - Off Market

1514 Palamino Drive

McHenry, IL 60051
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,308 Ft²
$2,865
Est. Monthly
$8
HOA / Fees
7.64%
Cap Rate

About This Property

This charming brick ranch is nestled on a spacious 1.1 acre corner lot in Val Mar Estates, 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 beautiful 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 exterior windows in 2022.
Unit Size
2,308 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$188
Property Type
House
Property Taxes
$721
HOA Dues
$8
Year Built
1977

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Last updated: 3 years ago (MRED MLS #12088202)

Price History

Date / Event Date Event Price
Oct 7, 2024 Sold
Sold
Aug 19, 2024 In contract -
In contract
Jul 20, 2024 Price Decreased $435,000
↓ $15K (3.2%)
Price Decreased
Jul 3, 2024 Price Decreased $449,500
↓ $10K (2.3%)
Price Decreased
Jun 26, 2024 Listed by Homesmart Connect LLC $459,900
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning
Fireplace

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
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 864
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

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

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,308
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VAL MAR COUNTRY ESTATES 1ST ADDN
  • Land Acres: 0000001012
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0042063 LT 13 BLK 3 VAL MAR COUNTRY ESTATES 1ST ADDN

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: $835,232
  • 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

    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 Price:
  • Current Sale Document Type: 71
  • 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: 71
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 Val-Mar Country Estates


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Frequently Asked Questions

When was property at 1514 Palomino Drive built and last sold?
The property at 1514 Palomino Drive was built in 1977 and last sold on Jun 2, 2023 for $375,000.
How much is this home worth?
The estimated value of the home located at 1514 Palomino Drive is $0.
What are some comparable homes to 1514 Palomino Drive?
There are currently no comparable homes to 1514 Palomino Drive.