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Backup Offers

1059 N Penny Ln, Palatine, IL, 60067

$624,900

Home List Price

$7,421*

Closing Credit

5 Bedrooms
3 Full Baths
3,090 SqFt
$202/SqFt
House
Schools Nearby

Location

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1059 N Penny Ln, Palatine$624,900

Buyer Closing Credits

$7,421*

1.25% Loan Amount

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Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Attached Garage3 spaces
Year Built2001
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
WaterfrontFencing
FireplaceAttached Fireplace Doors/Screen, Gas Log, Gas Starter
MLS #11984073
Lot Size0.22 Acres
StatusAccepting Backup Offers
(Contingent)

About 1059 N Penny Ln

Beautiful, contemporary 5BR, 3BA home with lots of light in prestigious Concord Estates. Open floor plan: living room vaulted ceiling open to dining room; kitchen open to family room. First floor hardwood floors re-sanded & re-stained. Kitchen w/ stainless steel appliances, refinished cabinets, island, granite countertops, recessed LEDs, new stove (2024), newer microwave (2022) & breakfast area open to family room. First floor, fully remodeled full bath w/ walk-in shower, plus first floor bedroom or office--great for in-law. Also first floor laundry w/ new countertops & refinished cabinets. Primary suite w/ two walk-in closets, vaulted ceiling, skylight, double sinks, soaking tub, remodeled walk-in shower, floors & vanity. New heater in 3 car garage w/ new LED lights & slat walls for easy storage. Huge basement with 9 foot ceilings, rough-in for bathroom--ready to be finished. Fenced yard w/ brick paver patio 40x17 ideal for entertaining outdoors. Many rooms recently repainted. Roof 2018, AC 2020, furnace 2014, sump pump 2020. Great location close to schools, Metra, shopping and parks. Move right in!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 2001
  • Living Area: 3,090 SqFt

Listing Office:

  • Office Name: Grapevine Realty, Inc.
  • Office Phone: (847) 590-5025
  • Listing Agent: Joseph Lynn

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Yes
  • Interior: Vaulted/Cathedral Ceilings, Skylight(s), Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s)
  • Fireplace: Attached Fireplace Doors/Screen, Gas Log, Gas Starter

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Fencing
  • Exterior: Porch, Brick Paver Patio, Storms/Screens, Fire Pit

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Fencing
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Walter R Sundling Jr High School, Public District Grades 7-8
  • Stuart R Paddock School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Dundee west of Quentin left to Grove right to Winnetka left to Penny Ln

Price Information

Listing Price Info

Price Summary:

  • List Price: $624,900
  • Price Per SqFt: $202/SqFt

HOA Fees:

  • Amount: $200
  • Frequency: Annually

Tax Information:

  • Annual Amount: $11,981
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Palatine, IL.

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Palatine, IL

City

Med. Sold Price

$323.4K

Med. Price/SqFt

$203

Avg. Days On Market

24

# of Sold Homes

68

1059 N Penny Ln vs Palatine

31 DAYS ON ROCKET

+7 Days

$624,900

+$301.4K More

$202/SqFt

-$1 Less

KEY TAKEAWAY

This property is $301.4K more than the Median Sold Price and $1/SqFt less than other homes in Palatine, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11984073

Listing Office:

  • Office Name: Grapevine Realty, Inc.
  • Office Phone: (847) 590-5025
  • Listing Agent: Joseph Lynn

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 6:15:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 22, 2020Home Sold
$465,000
Oct 05, 2015Home Sold
$415,000
Jan 06, 2005Home Sold
$575,000

Tax History

YEARPROP. TAXASSESSMENT
2019$11,981$45,207
2018$11,673$41,000
2017$11,471$41,000

History based on county public records data.

Payment Calculator

$3,202

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,940

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1512047
5
/10

  • Stuart R Paddock School

  • 225 W Washington St

  • 1.91 miles

  • Public District Grades KG-6

Middle School

school-card-donut-1512048
3
/10

  • Walter R Sundling Jr High School

  • 1100 N Smith St

  • 1.20 miles

  • Public District Grades 7-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $97,024. The majority of Palatine, IL residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1059 N Penny Ln

What is the listing price of this property?

The listing price of 1059 N Penny Ln property is $624,900.

What type of property is this?

The property 1059 N Penny Ln is a house located in Palatine, Illinois, 60067.

Is this property for sale now?

Accepting Backup Offers: 1059 N Penny Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1059 N Penny Ln are:
Stuart R Paddock School: GreatSchools Rating 5/10
Walter R Sundling Jr High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $11,981 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 22, 2020 for $465,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1059 N Penny Ln has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1059 N Penny Ln is 3,090 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1059 N Penny Ln is 2001.

Rocket Homes›Illinois›Cook County›Palatine›60067›1059 N Penny Ln

This home is located at 1059 N Penny Ln in Palatine, IL and zip code 60067 in the Concord Estates neighborhood. This 3,090 square foot home, which was built in 2001, sits on a 0.22 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 27, 2024 and is currently priced at $624,900.

Over 35 listings were sold over their listed price in March 2024 in Palatine, IL. In the same period over 21 listings were sold below the listed price and 12 listings were sold for the listed price. The number of homes for sale in Palatine, IL increased by 29.2% between February 2024 and March 2024. In March 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $323,483.

From Rocket Homes Real Estate and based on county public records data.

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