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Palatine 60067
640 N Quentin Road
$328,000
● House - Off Market

640 N Quentin Road

Palatine, IL 60067
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,733 Ft²
$349,334
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

So much value at this low price!! Buyer's financing fell through, their loss is your gain! Impeccably maintained and loved four bedroom, three bathroom ranch home. An X-large mostly fenced backyard on a double lot, One car attached garage with an additional two car garage with workshop in back. Great In-law arrangement with studio apartment with full bath, kitchenette, and own entrance. Open floor plan with kitchen breakfast bar, laundry room, and great sized bedrooms! This house has many fine details, and is one of a kind! New tankless hot water heater (2021), updated electrical panel, pipes all updated to copper, New Septic Tank ( 2012), Windows (2011), full attic, Lots of storage! Comes with a 4 year home warranty that will transfer to new owners! Close to award winning schools, parks, restaurants and Metra!
Unit Size
1,733 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$196
Property Type
House
Property Taxes
$622
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MRED MLS #11645649)

Price History

Date / Event Date Event Price
Mar 13, 2023 Sold
Premium
Sold
Oct 5, 2022 Listed by Baird & Warner $339,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,320
  • Total Building Area: 1,733
  • Gross Building Area: 1,733
  • Building Area: 1,733
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,733
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRILL + COS GREATER PALATINE
  • Land Acres: 0000000237
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: FRANK E (MERRILL) + COS (GREATER)(PALATINE) SUB OF PT LYING NE OF NORTHWEST HWY IN SEC 16-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803616

Geography

  • District: 29
  • Parcel: 02-16-208-015-0000
  • Block: 9
  • Lot: 5
  • Meridian: SEC 16 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1222
  • Longitude: -88.0635

    Address

  • Full Address: 640 N Quentin Rd
  • Address - House Number: 640
  • Street Direction: N
  • Address - Street Name: Quentin
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Palatine
  • Carrier Code: C071
  • 4-Digit Zip Code: 2308
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $433,835
  • Tax Rate Code Area: 29134

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 337,659
  • High Value: 371,799
  • Low Value: 303,519

    Market Valuation

  • Market Total Value: $182,270
  • Market Land Value: $61,920
  • Market Improvement Value: $120,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,227
  • Assessed Land Value: $6,192
  • Assessed Improvements Value: $12,035

    Sales

  • Current Sale Contract Date: Feb 07, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6178
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

$236

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1642 ft²

Average Home Age

43.5 years

Currently For Sale

106 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 605 W Gilbert Road, Palatine, IL, 60067

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,983 ft²
605 W Gilbert Road, Palatine, IL, 60067 Listing by Kim Alden

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kaitlin Allen, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11645649
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 640 North Quentin Road built and last sold?
The property at 640 North Quentin Road was built in 1967 and last sold on Feb 7, 2023 for $328,000.
How much is this home worth?
The estimated value of the home located at 640 North Quentin Road is $347,128.
What are some comparable homes to 640 North Quentin Road?
There are currently no comparable homes to 640 North Quentin Road.
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