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Backup Offers

417 E Balsam Ln, Palatine, IL, 60074

$425,000

Home List Price

$5,047*

Closing Credit

3 Bedrooms
2 Full Baths
1,307 SqFt
$325/SqFt
House

Location

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417 E Balsam Ln, Palatine$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1975
HeatingNatural Gas, Forced Air
CoolingCentral Air
WaterfrontFencing
FireplaceWood Burning, Gas Starter
MLS #12205660
Lot Size0.26 Acres
StatusAccepting Backup Offers
(Contingent)

About 417 E Balsam Ln

Welcome to this charming home in the highly desirable Kenilwicke subdivision of Palatine! This meticulously maintained property offers an inviting blend of comfort and elegance with hardwood floors spanning both the main and second levels. The tastefully updated kitchen features a vaulted ceiling, custom cabinetry, granite countertops, stainless-steel appliances, a cafe bar area, and a quartz-topped breakfast island. The large bay window, and new skylight installed in November, provide ample natural light and a picturesque view to the backyard with mature trees and perennials. The living room, with its vaulted ceiling and bay window, flows into the spacious dining room, perfect for ever day use or formal entertainment. The expansive Primary Master bedroom on the second level offers a separate dressing area and shared bathroom for use with the other two bedrooms. The lower level boasts a large family room with a cozy wood-burning fireplace, a full second bathroom, and a generously sized laundry room complete with a folding area and ample storage. The large, fenced backyard features a fire pit, newly poured patio with gazebo and bar top (2024) for relaxing outdoors or hosting gatherings for family and friends. Enjoy peace of mind with recent exterior updates including a new roof (2019), new siding and gutters (2023), and a shed (2021). Conveniently located within walking distance to all K-12 schools and to parks with playsets, walking paths, pickleball and basketball courts. Don't miss out on this exceptional opportunity to own a home that blends modern updates with timeless character in a prime location!

Property Details

Property Features

Property Information:

  • Year Built: 1975
  • Living Area: 1,307 SqFt

Listing Office:

  • Office Name: Jameson Sotheby's International Realty
  • Office Phone: (847) 381-7100
  • Listing Agent: Michael Kurowski

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Gas Cooktop
  • Basement: No
  • Interior: Vaulted/Cathedral Ceilings, Skylight(s), Hardwood Floors, Bookcases, Granite Counters
  • Fireplace: Wood Burning, Gas Starter

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Fencing
  • Exterior: Patio, Fire Pit, Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Fencing
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Hicks, South of Dundee, to Cunningham, East to Balsam Ln

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $325/SqFt

Tax Information:

  • Annual Amount: $7,767
  • 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

$334.4K

Med. Price/SqFt

$216

Avg. Days On Market

19

# of Sold Homes

82

417 E Balsam Ln vs Palatine

7 DAYS ON ROCKET

-12 Days

$425,000

+$90.5K More

$325/SqFt

+$109 More

KEY TAKEAWAY

This property is $90.5K more than the Median Sold Price and $109/SqFt more than other homes in Palatine, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12205660

Listing Office:

  • Office Name: Jameson Sotheby's International Realty
  • Office Phone: (847) 381-7100
  • Listing Agent: Michael Kurowski

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

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

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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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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: 11/14/2024, 11:45:52 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

Apr 17, 2015Home Sold
$245,000
Oct 15, 2002Home Sold
$266,000
Sep 08, 1999Home Sold
$208,000
Feb 09, 1998Home Sold
$188,000

Tax History

YEARPROP. TAXASSESSMENT
2019$7,767$30,512
2018$8,388$30,429
2017$8,248$30,429

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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.

Nearby Schools

school-card-donut-261252
3
/10

  • Lincoln Elementary School

  • 1021 N Ridgewood Ln

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-261253
4
/10

  • Virginia Lake Elementary School

  • 925 N Glenn Dr

  • 0.59 miles

  • Public District Grades KG-5

school-card-donut-261254
5
/10

  • Jane Addams Elementary School

  • 1020 E Sayles Dr

  • 0.93 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $122,817. Most Palatine, IL residents have annual incomes between $100k-200k. The most common type of family is married, with kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 417 E Balsam Ln

What is the listing price of this property?

The listing price of 417 E Balsam Ln property is $425,000.

What type of property is this?

The property 417 E Balsam Ln is a house located in Palatine, Illinois, 60074.

Is this property for sale now?

Accepting Backup Offers: 417 E Balsam Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $7,767 (source: MLS/based on county public records data).

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

The last sale was on April 17, 2015 for $245,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 417 E Balsam Ln has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 417 E Balsam Ln is 1,307 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 417 E Balsam Ln is 1975.

Rocket Homes›Illinois›Cook County›Palatine›60074›417 E Balsam Ln

This home is located at 417 E Balsam Ln in Palatine, IL and zip code 60074 in the Haven Crest neighborhood. This 1,307 square foot home, which was built in 1975, sits on a 0.26 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $425,000.

Palatine, IL housing market in October 2024 saw over 20 listings sold above listed price, more than 18 sold at listed price and over 44 sold below. The number of homes for sale in Palatine, IL increased by 14.4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $334,428, while the average time on the real estate market was 19 days.

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

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