Each office Independently owned and operated.
1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com
GREG OLSON
DOWNTOWN PALATINE’S
CPA | SFR | Managing Broker 847.977.7024 GregOlsonRealEstate@gmail.com DowntownPalatineHomes.com
FINEST CONDOS & TOWNHOMES www.DowntownPalatineHomes.com
Living, Loving, and Promoting Our Community’s Value Since 2004 Published by Real Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | ©2018
Visit DowntownPalatineHomes.com for community info, listings, and recent sales.
MAY 2018 REAL ESTATE MARKET REPORT
WAITING
CAN COST! HOW DOES WAITING AFFECT THE SALE OF YOUR HOME AS INTEREST RATES RISE? Housing agencies predict that interest rates could reach new highs by the end of 2018, increasing the overall cost to purchase, thus greatly reducing the number of qualified buyers!
IF INTEREST RATES RISE FROM 4.44% TO 5.1%...
LOAN AMOUNT
INCREASED COST
$250,000
$35,841
$500,000
$71,682
$750,000
$107,522
$1,000,000
$143,364
PRESENTED BY GREG OLSON Dear Downtown Palatine Homeowner, Call 847.977.7024 to learn how my marketing will attract qualified buyers and allow you to purchase your next home before interest rates increase!
YO U R D O W N TO W N PA L AT I N E N E I G H B O R AND REAL ESTATE SPECIALIST PREPARED ESPECIALLY FOR Downtown Palatine Homeowner
Interest Rate as of March 15th, 2018 was 4.44%, Freddie Mac predicts a 5.1% interest rate by the end of 2019.
STRIKING BROWNSTONE IN THE HEART OF DOWNTOWN PALATINE
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES
NG SOON MI Elevator in Home
EET IT H S T R 18 N. SM
REAL ESTATE MARKET REPORT • The Benchmark • The Brownstones • The Groves of Palatine • Palatine Station • The Preserve • Stratford Downtown
C
O
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES CURRENTLY LISTED Status
Subdivision
Address
Type
Beds
Baths
Estimated Square Feet*
List Price
Active
The Benchmark
132 W. Johnson Street 102
Condo
1
1.1
N/A
$212,500
Active
The Benchmark
133 W. Palatine Road 210
Condo
2
2.0
1,376
$279,900
Active
The Benchmark
132 W. Johnson Street 203
Condo
2
2.0
1,628
$299,000
Active
The Benchmark
132 W. Johnson Street 408
Condo
2
2.0
1,628
$310,000
Active
The Brownstones
60 N. Smith Street
Townhouse
3
3.1
N/A
$650,000
Active
The Brownstones
2 N. Smith Street
Townhouse
3
2.2
3,181
$699,000
Active
The Groves of Palatine
328 W. Wood Street
Townhouse
3
3.1
2,180
$359,900
Active
The Groves of Palatine
488 W. Wood Street 1
Townhouse
2
2.1
2,267
$384,900
Active
Palatine Station
251 W. Wood Street 64B
Townhouse
2
2.1
1,850
$329,000
Active
Palatine Station
209 W. Wood Street
Townhouse
2
2.2
1,800
$334,900
Active
Palatine Station
243 W. Wood Street
Townhouse
2
3.1
1,820
$336,000
Active
Palatine Station
84 N. Smith Street
Townhouse
2
2.1
2,100
$369,000
Active
The Preserve
455 W. Wood Street 313
Condo
2
2.0
1,368
$279,000
Active
The Preserve
435 W. Wood Street 313A
Condo
2
2.0
1,447
$289,900
Active
The Preserve
435 W. Wood Street 312A
Condo
2
2.0
N/A
$298,000
There are nine homes currently Pending in Downtown Palatine. For more information on any of these listings, call me today at 947.977.7024.
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES SOLD IN THE LAST 3 MONTHS Status
Subdivision
Address
Type
Beds
Baths
Estimated Square Feet
List Price
Sold Price
Sold Date
Sold
The Benchmark
132 W. Johnson Street 401
Condo
2
2.0
1,650
02/06/18
$295,000
04/30/18
Sold
The Groves of Palatine
392 W. Wood Street
Townhouse
3
3.1
2,180
03/03/17
$350,000
04/25/18
Sold
Palatine Station
313 W. Wood Street 21
Townhouse
2
3.1
1,820
02/08/18
$354,000
04/30/18
Sold
The Preserve
455 W. Wood Street 305
Condo
2
2.0
1,329
02/02/18
$265,000
04/18/18
Sold
The Preserve
455 W. Wood Street 402
Condo
2
2.0
1,527
01/09/18
$289,500
04/09/18
Greg Olson and RE/MAX Suburban are not in any way affiliated with Downtown Palatine Owners Association, nor is this in any way an official advertisement or publication of Downtown Palatine. ©2018 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS for February 8th, 2018 through May 8th, 2018. Listings and sales may not be those of RE/MAX Suburban. The National Association of Realtors® and MRED MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.
Downtown Palatine Homeowner, Receive the most accurate assessment of your home’s value, provided to you as a complimentary service by Greg Olson, your Downtown Palatine neighbor and real estate specialist.
www.DowntownPalatineHomes.com
YOUR HOME’S VALUE WILL BE BASED ON SEVERAL KEY FACTORS: • Home sales in Downtown Palatine for the past six months • Square footage and lot size • Views and location • Special features that set your home apart
Wine Cellar
N
847.977.7024 GregOlsonRealEstate@gmail.com DowntownPalatineHomes.com
O
CPA | SFR | Managing Broker
CO
No One in the World Sells More Real Estate than RE/MAX!®
GREG OLSON
MING SO
ACROSS THE STREET FROM TOWNE SQUARE! Downtown Palatine Homeowner, For more information on this fantastic home, or to have your home featured in my monthly publication, which is sent to hundreds of potential buyers a month, call me today at 847.977.7024.
ARE YOU LOOKING FOR AN EXPERT IN CONDO & TOWNHOUSE LOANS? The Messina Team is committed to providing you the highest quality financial solution that is specifically tailored to meet your financial needs. Whether you are purchasing the home of your dreams or refinancing an outstanding loan, we can help find you the right program. Pasquale Pete Messina NMLS# 227000 847.951.1697 pmessina@themessinateam.com
PRODUCTS OFFERED: Conventional FHA, VA Jumbo, USDA, IHDA Purchase or Refinance Chris Wallace NMLS# 224090 708.525.5953 chris@themessinateam.com
“This is not an offer for extension of credit or a commitment to lend. Subject to credit or underwriter approval. Peoples Home Equity, Inc. NMLS# 63371 - Illinois Residential Mortgage Licensee MB 6760717 1801 S Meyers Road, Suite 500, Oakbrook Terrace, IL 60181