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502 N Smith Street Palatine, IL 60067 Residential - Single Family New

New - 26 Hours Ago
  • 502 N Smith Street , Palatine, IL 60067 Main Photo

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Description

Renovated and meticulously maintained ranch home near Downtown Palatine! This home features wide-plank siding freshly painted in 2025 and other expansive renovations including mostly new electrical and mostly new plumbing (2022), new roof and HVAC (2023), basement drain tile (2024), perimeter drainage channel and sealed foundation (2023), and an extended sump pump discharge line routed more than 40 feet from the home underground (2024), new gutters and downspouts (2025), new asphalt driveway (2024, improved from dirt driveway) driveway sealed in 2025, new concrete walkway (2025), and newly built front and back porches (2025). The backyard was professionally regraded and landscaped in 2024 with select tree removal and trimming. A new concrete slab (2024) offers flexible space for a tiny home, RV, boat, shed, or greenhouse. Interior highlights include real hardwood floors in the living room and two bedrooms, tile in the kitchen and bath, granite countertops, white shaker cabinets, and stainless steel appliances. Owner acquired 3 verbal estimates for a 2 bedroom 1 bathroom addition on the south side of the home or as a second story addition, the quotes ranged from $100,000-$125,000. Zero lot new construction homes are selling in the same area for $700,000 plus! The tiny home in the backyard will be removed prior to closing unless included in a separate negotiated bill of sale. Seller is a licensed IL Real Estate Managing Broker and licensed Community Association Manager.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 823
Garage Size: 2
Built in 1956
Elementary School: Gray M Sanborn Elementary School
High School: Palatine High School
Middle School: Carl Sandburg Middle School

General Information

Bedrooms: 2
Bathrooms: 1
Sqft: 823
County: Cook
High School: Palatine High School
Listed By:
Compass 773-466-7150
MRED MLS

Room Information

Bedroom 2: 10X11
Kitchen: 8X14
Living Room: 14X15
Primary Bedroom: 10X11
$375,000
Est. $2,406/mo
2beds
1baths
823sqft
2cars
New to the Market New
BEDS2 BATHS1 full SQUARE FEET823 MLS#12626361
STATUSNew PROPERTY TYPEResidential - Single Family SCHOOLDistrict 211

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502 N Smith Street , Palatine, IL 60067.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $375,000$375,000$375,000
Down Payment $75,000$13,125$93,750
Monthly Mortgage Amount $1,775$2,208$2,279
Taxes $522$522$522
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$165$0
Monthly Estimated Total $2,406$3,004$2,910

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