When was property at 362 Longacres Lane built and last sold?

The property at 362 Longacres Lane was built in 1962 and last sold on Oct 14, 2022 for $540,000.

How much is this home worth?

The estimated value of the home located at 362 Longacres Lane is $554,453.

What are some comparable homes to 362 Longacres Lane?

There are currently no comparable homes to 362 Longacres Lane.

Cook

60067

362 Longacres Lane

$355,000

● House - Off Market

362 Longacres Lane

Palatine, IL 60067

3 Beds

2 Baths

1,633 Ft²

$400,440

RealtyHop Estimate

14.44%

Since Sep 1, 2021

National-US

Primary Model

About This Property

This house is a Handyman's Special! Some work and updating will bring this house to an amazing dream home! Amazing community, large lot, schools, location and price is the deal buyer's should NOT pass up. We all know, home's like this do not last long in markets like the one we're in now. So agents get your buyers out here asap so that don't miss out on this great opportunity and value!

Unit Size

1,633 Ft²

Days on Market

Land Size

0.50 acres

Price per sqft

$214

Property Type

House

Property Taxes

$509

HOA Dues

Year Built

1962

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11130328)

Price History

Date / Event	Date	Event
Oct 18, 2022	No longer available	-
No longer available
Aug 27, 2022	In contract	-
In contract
Aug 13, 2022	No longer available	-
No longer available
Aug 11, 2022	Listed by Exit Strategy Realty	$549,900
Listed by Exit Strategy Realty

	MOST UPDATED HOME IN HIGHLY SOUGHT-AFTER PLUM GROVE ESTATES LOCATED IN TOP-RATED SCHOOL DISTRICT THAT INCLUDES WM FREMD HIGH SCHOOL. HUGE LOT COMPLETE GUT RENOVATION WITH PERMITS! NEW EVERYTHING INCLUDES SS APPLIANCES, SOFT CLOSE CABINETS, QUARTZ COUNTERTOPS, TOILETS, TILES, FLOORING, FAUCETS, FIXTURES, AND SO MUCH MORE!! CLOSE TO HIGHWAY, SHOPPING, AND POPULAR RESTAURANTS. *2342 SQ/FT ON MAIN LEVELS & ADDITIONAL 1000 SQ/FT IN FULL FINISHED BASEMENT WITH A BEDROOM AND FULL BATH. COME SEE THIS BEAUTY TODAY! The manager has listed the unit size as 2342 square feet.
Jul 15, 2022	No longer available	-
No longer available
Jul 13, 2022	Listed by Exit Strategy Realty	$564,900
Listed by Exit Strategy Realty

	BUYER BONUS - OWNER IS OFFERING TO REDUCE YOUR MORTGAGE RATE BY .365-.5% MOST UPDATED HOME IN HIGHLY SOUGHT-AFTER PLUM GROVE ESTATES LOCATED IN TOP-RATED SCHOOL DISTRICT THAT INCLUDES WM FREMD HIGH SCHOOL. HUGE LOT COMPLETE GUT RENOVATION WITH PERMITS! NEW EVERYTHING INCLUDES SS APPLIANCES, SOFT CLOSE CABINETS, QUARTZ COUNTERTOPS, TOILETS, TILES, FLOORING, FAUCETS, FIXTURES, AND SO MUCH MORE!! CLOSE TO HIGHWAY, SHOPPING, AND POPULAR RESTAURANTS. *2342 SQ/FT ON MAIN LEVELS & ADDITIONAL 1000 SQ/FT IN FULL FINISHED BASEMENT WITH A BEDROOM AND FULL BATH. COME SEE THIS BEAUTY TODAY! The manager has listed the unit size as 2342 square feet.
Jun 15, 2022	Listed by Exit Strategy Realty	$574,900
Listed by Exit Strategy Realty

	BUYER BONUS - OWNER IS OFFERING TO REDUCE YOUR MORTGAGE RATE BY .365-.5% MOST UPDATED HOME IN HIGHLY SOUGHT-AFTER PLUM GROVE ESTATES LOCATED IN TOP-RATED SCHOOL DISTRICT THAT INCLUDES WM FREMD HIGH SCHOOL. HUGE LOT COMPLETE GUT RENOVATION WITH PERMITS! NEW EVERYTHING INCLUDES SS APPLIANCES, SOFT CLOSE CABINETS, QUARTZ COUNTERTOPS, TOILETS, TILES, FLOORING, FAUCETS, FIXTURES, AND SO MUCH MORE!! CLOSE TO HIGHWAY, SHOPPING, AND POPULAR RESTAURANTS. *2342 SQ/FT ON MAIN LEVELS & ADDITIONAL 1000 SQ/FT IN FULL FINISHED BASEMENT WITH A BEDROOM AND FULL BATH. COME SEE THIS BEAUTY TODAY! The manager has listed the unit size as 2342 square feet.
Aug 13, 2021	Sold	Premium
Sold
Jun 21, 2021	Listed by RE/MAX of Barrington	$349,900
Listed by RE/MAX of Barrington

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1962

Effective Year Built: 1962
Building Count: 1
Total Rooms: 8
Bedroom Count: 4
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Building Condition: 6
Building Quality: 7
Construction Type: 6
Building Style: 41
Exterior Walls Type: 24
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 15
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: 21,562

Total Building Area: 1,633
Gross Building Area: 1,633
Building Area: 1,633
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 24
Heated Square Feet: 1,633
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: PLUM GROVE ESTATES UNIT4
Land Acres: 0000000495
Standard Land Use Code: 1001
County Land Use Code: 2-34
Legal Description 1: (PLUM)(GROVE)ESTATES(UNIT4)SUB IN SECS 1&12-41-10 & S EC6-41-11 NOTE VAC OF CENTRAL RD INCL IN SUB & IN SH SEC 35-42-10

Neighborhood

School District Name: Palatine Community Consolidated School District 15

Census Tract: 804109

Geography

District: 29

Parcel: 02-35-403-044-0000
Lot: 3
Meridian: SEC 12 TWN 41N RNG 10E
Municipality: PALATINE
Latitude: 42.0674
Longitude: -88.03

Address

Full Address: 362 Longacres Ln

Legal Unit: 4
Address - House Number: 362
Address - Street Name: Longacres
Address - Suffix Type: Ln
State: IL
City Name: Palatine
Carrier Code: C007
4-Digit Zip Code: 7753
Zip Code: 60067

Valuation

Tax

Tax Year: 2022

Tax Amount: $1,158,795
Initial Tax Delinquent Year: 2021
Tax Rate Code Area: 29138

Appraisal Valuation

Standard Deviation: 0.1011

Valuation Date: Mar 20, 2024
Confidence Score: 90
Final Value: 557,212
High Value: 613,550
Low Value: 500,873

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Financing Type:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Term:

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First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Type:

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First Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $390,000

Market Land Value: $118,590
Market Improvement Value: $271,410

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $39,000
Assessed Land Value: $11,859
Assessed Improvements Value: $27,141

Sales

Current Sale Contract Date: Oct 14, 2022

Current Sale Recording Date: Oct 24, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 55128
Previous Sale Recording Date: Sep 03, 2021
Previous Sale Contract Date: Apr 09, 2021
Previous Sale Amount: $355,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

Premium
First Mortgage Loan Type:

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First Mortgage Loan Due Date:

Premium

Financing

First Mortgage Financing Type: ADJ

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Cook

Stats & Trends

Median Asking:

$374,999

Sale Price/ft²

$241

Above Asking

3.73%

Average Days on Market

Average Home Size

1493 ft²

Average Home Age

65.2 years

Currently For Sale

9270 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$2,826 /mo

2 Beds
2 Baths
1,130 ft²

690 E Algonquin Road #2413, Schaumburg, IL, 60173 Listing by Cathleen Simboli

Unit for rent at 670 E Algonquin Road, Schaumburg, IL, 60173

$2,800 /mo

2 Beds
2 Baths
1,130 ft²

670 E Algonquin Road #4208, Schaumburg, IL, 60173 Listing by Cathleen Simboli

Unit for rent at 1702 W Oakton Street, Arlington Heights, IL, 60004

$2,800 /mo

3 Beds
1 Bath

1702 W Oakton Street, Arlington Heights, IL, 60004 Listing by Malgorzata Maslowski

Rentals Near You

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Listed by: Sheryl Marsella, RE/MAX of Barrington
Last Updated: 3 years ago
Data Source: MRED, MLS# 11130328

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

362 Longacres Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Cook

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions