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$ 949,000

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1551 E Olive ST Palatine, IL 60074

5 Beds

3.5 Baths

4,119 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 4,119 sqft

Price per Sqft $230

MLS Listing ID 12632902

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 2014

Annual Tax Amount $20,920

Tax Year 2024

Lot Size 0.321 Acres

Lot Dimensions 13967

Property Sub-Type Detached Single

Property Description

Stunning move-in-ready luxury meets exceptional space and design in this beautifully updated Palatine home offering over 4,000 square feet of refined living on an oversized premium 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. Perfectly positioned in one of Palatine's most exciting and evolving locations, this home is within walking distance to the proposed Chicago Bears stadium and surrounding redevelopment district, bringing future growth, entertainment, dining, and long-term value right to your doorstep. Convenient access to shopping, restaurants, major expressways, Metra, Twin Lakes Park, Salt Creek Park District Child Care, and the highly sought-after Twin Lakes Recreation Area further enhances the incredible lifestyle this location offers. 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, cooktop with hood, large island with seating and storage, walk-in pantry, and bright eating area that flows seamlessly into the family room. Upstairs, the expansive primary suite offers a private sitting area, large walk-in closet, and spa-like bath with dual vanities, soaking tub, and 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 offers room for 4-6 more vehicles. Enjoy outdoor living on the massive maintenance-free deck with built-in natural gas line overlooking the large backyard. Recent updates include a new roof and gutters and a whole 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.

Location

State IL

County Cook

Area Palatine

Body of Water MORTON

Rooms

Basement Unfinished, Full

Interior

Interior Features Walk-In Closet(s)

Heating Natural Gas, Forced Air

Cooling Central Air

Flooring Hardwood

Fireplaces Number 1

Equipment Ceiling Fan(s), Sump Pump

Fireplace Y

Appliance Range, Dishwasher, Refrigerator

Laundry Main Level, In Unit

Exterior

Garage Spaces 3.0

Roof Type Asphalt

Building

Dwelling Type Detached Single

Building Description Brick,Cedar, No

Sewer Public Sewer

Water Public

Level or Stories 2 Stories

Structure Type Brick,Cedar

New Construction false

Schools

Elementary Schools Jane Addams Elementary School

Middle Schools Winston Campus Middle School

High Schools Palatine High School

School District 15 , 15, 211

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

Listed by Sarah Leonard of Legacy Properties, A Sarah Leonard Company, LLC

Nearby School & Business

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