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Palatine 60067
519 N Stephen Drive
$425,000
● House - Off Market

519 N Stephen Drive

Palatine, IL 60067
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,044 Ft²
$2,434
Est. Monthly
7.64%
Cap Rate

About This Property

Beautifully Renovated Raised Ranch! This stunning home features 3 spacious bedrooms and a modern full bath on the upper level. The open-concept living and dining area offers a bright and airy feel, perfect for entertaining with beautiful wood laminate floors that flow throughout the first level. Enjoy cooking in the custom-designed kitchen, completely renovated with stylish finishes! The lower level boasts a cozy family room with fireplace, an additional flex space, and a convenient laundry area plus a half bath. Brand-new windows throughout flood the home with natural light. Step outside onto the deck off the kitchen and take in the large, beautifully landscaped backyard on a desirable corner lot. Move-in ready and waiting for you to call it home!
Unit Size
2,044 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$191
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #12285692)

Price History

Date / Event Date Event Price
Mar 7, 2025 Sold
Premium
Sold
Feb 10, 2025 In contract -
In contract
Feb 7, 2025 Listed by Redfin Corporation $389,900
Listed by Redfin Corporation

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • 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: 10,080
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,105
  • Gross Building Area: 1,105
  • Building Area: 1,105
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,105
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOANS GARDENS
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (JOANS) (GARDENS) SUB OF PT OF WH NW SEC 15-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803701

Geography

  • District: 29
  • Parcel: 02-15-108-001-0000
  • Lot: 59
  • Meridian: SEC 15 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1202
  • Longitude: -88.0589

    Address

  • Full Address: 519 N Stephen Dr
  • Address - House Number: 519
  • Street Direction: N
  • Address - Street Name: Stephen
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C060
  • 4-Digit Zip Code: 2331
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $596,968
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2269
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 345,438
  • High Value: 423,839
  • Low Value: 267,037

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $60,480
  • Market Improvement Value: $209,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $6,048
  • Assessed Improvements Value: $20,952

    Sales

  • Current Sale Contract Date: Oct 26, 1998
  • Current Sale Recording Date: Nov 17, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 08037546

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Palatine

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1758 ft²

Average Home Age

43.9 years

Currently For Sale

110 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

Unit for rent at 330 E Forest Knoll Drive, Palatine, IL, 60074

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,100 ft²
330 E Forest Knoll Drive, Palatine, IL, 60074 Listing by Daniel Nierman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Stokes Habetler, Redfin Corporation
Last Updated: 2 years ago
Data Source: MRED, MLS# 12285692
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.

Frequently Asked Questions

When was property at 519 North Stephen Drive built and last sold?
The property at 519 North Stephen Drive was built in 1966 and last sold on Oct 26, 1998 for $184,000.
How much is this home worth?
The estimated value of the home located at 519 North Stephen Drive is $0.
What are some comparable homes to 519 North Stephen Drive?
There are currently no comparable homes to 519 North Stephen Drive.
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