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4 Properties Within 0.5 miles of: 1551 E Olive, Palatine

1551 E Olive
Palatine, IL 60074

  • 5 Beds
  • 3 / 1 Baths
  • 4,119 Sq. Ft.
  • Built In 2014
Price

$949,000

Est Payment
$6,557 / month (details)  
Taxes
$20,921  
Beds
5  
Baths
3 / 1  
Rooms
11  
Type
Detached  
Sq. Ft.
4,119  
Lot Size
13967  
Built
2014  
Neighborhood
Palatine  
MLS
#12632902
Status
Active

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.

Property Map

Property Details

Rooms

Room
Level
Flooring
Size
Living Room
Main
Hardwood
29X14
Dining Room
Main
COMBO
Kitchen
Main
Hardwood
15X13
Family Room
Main
Hardwood
19X17
Laundry
Main
12X6
Master Bedroom
Second
Carpet
21X15
Bedroom 2
Second
Carpet
21X17
Bedroom 3
Second
Carpet
13X11
Bedroom 4
Second
Carpet
13X11
Bedroom 5
Second
Carpet
14X11
Office
Main
Hardwood
14X13
Sitting Room
Second
Carpet
16X11

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling Central Air
  • Water Public
  • Sewer Public Sewer

Additional Information

Interior Features
Walk-In Closet(s)
Appliances
Range, Dishwasher, Refrigerator
Parking
3 Garage Spaces, Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage, Parking included in price
Schools
Palatine High School (211), Winston Campus Middle School (15), Jane Addams Elementary School (15)

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Nearby Transportation

  • Union Pacific Northwest 0.3 mi
  • Hwy 53 North 0.6 mi
  • Hwy 53 South 0.8 mi
  • I 290 West 3.9 mi
  • I 90 West 4.0 mi
  • I 90 East 4.2 mi
  • I 290 East 4.6 mi
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