1551 E Olive Street,Palatine, IL 60074
Palatine, IL 60074
Description
*** MULTIPLE OFFERS RECEIVED*** Sellers respectfully request highest and best by 2PM Monday 7/20. Stunning move-in-ready luxury meets exceptional space and design in this beautifully updated Palatine home offering over 4,100 square feet of refined living on an oversized premium one-third-acre lot. Built in 2014, this 5-bedroom, 3.5-bath home with a full basement and expanded 3-car tandem garage delivers the ideal blend of space, functionality, and newer-construction appeal. Step inside to a freshly painted, true open-concept layout featuring gorgeous hardwood floors, a formal living room, dining room, private main-level office, and a warm, inviting family room anchored by a fireplace. The heart of the home is the stunning kitchen, complete with rich cabinetry, quartz countertops, stainless steel appliances, double wall ovens, a cooktop with hood, a large island with seating and storage, a walk-in pantry, and a bright eating area that flows seamlessly into the family room. Upstairs, the expansive primary suite offers a private sitting area, a large walk-in closet, and a spa-like bath with dual vanities, a soaking tub, and a separate shower. Generously sized secondary bedrooms provide excellent flexibility for family, guests, or work-from-home needs. The full unfinished basement offers incredible future potential and is already roughed in for a fourth full bath. The expanded tandem garage is ideal for car enthusiasts, hobbyists, storage, workshop space, or even a golf simulator setup, and includes a 220V outlet for a possible heater or EV charger. An additional parking pad provides room for 4-6 more vehicles. Enjoy outdoor living on the massive maintenance-free deck with a built-in natural gas line overlooking the large backyard. Recent updates include a new roof, new gutters, and a full interior repaint. This is a rare opportunity to own not just a beautiful home, but a prime piece of one of Palatine's fastest-growing and most dynamic areas, bringing future growth, entertainment, dining, and long-term value right to your doorstep. Convenient access to shopping, restaurants, major expressways, Metra, Salt Creek Park District, and the highly sought-after Twin Lakes Recreation Area further enhances the incredible lifestyle this location offers.
Details
| MLS # | 12705014 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 2014 |
| Days On Site | 38 |
| Listing Provided By | Legacy Properties, A Sarah Leonard Company, LLC | Sarah Leonard |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 4,119 |
| Garage | 3 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.32 |
Interior
| Rooms Total | 11 |
|---|---|
| Cooling | Central Air |
| Heating | Natural Gas, Forced Air |
| Interior Features | Walk-In Closet(s) |
| Appliances | Range, Dishwasher, Refrigerator |
| Fireplaces Total | 1 |
| Laundry Features | Main Level, In Unit |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick, Cedar |
| Patio And Porch Features | Deck |
Parking
| Parking Features | Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage |
|---|---|
| Garage Spaces | 3 |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | 200+ Amp Service |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 20920.63 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Palatine |
| Zip Code | 60074 |
| Area | Palatine |
| School District | Palatine High School |
| Elementary School | Jane Addams Elementary School |
| High School | Palatine High School |
| Listing VS Median (in 60074) | |
Price: $858,000 low | high Med: $349,450 sqft: 4,119 low | high Med: 1,667 $ / sqft: $208 low | high Med: $216 On site: 38 low | high Med: 19.5 | |
Market Activity 60074
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Palatine |
| Zip Code | 60074 |
| Area | Palatine |
| School District | Palatine High School |
| Elementary School | Jane Addams Elementary School |
| High School | Palatine High School |
| Listing VS Median (in 60074) | |
Price: $858,000 low | high Med: $349,450 sqft: 4,119 low | high Med: 1,667 $ / sqft: $208 low | high Med: $216 On site: 38 low | high Med: 19.5 | |
