Skip main navigation
Contingent
    • $858,000

    1551 E Olive St, Palatine, IL 60074

    5beds
    4,119sqft
    : 
    $6,458/mo
    Get pre-qualified
    Single Family Residence
    Built in 2014
    0.32 Acres Lot
    $-- Zestimate®
    $208/sqft
    $-- HOA

    What's special

    Move-in-ready luxuryGenerously sized secondary bedroomsExpansive primary suiteMassive maintenance-free deckWalk-in pantrySpa-like bathPrivate sitting area
    *** 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.
    --
    on Zillow
    |
    1,018
    views
    |
    33
    saves
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Sarah Leonard, E-PRO 224-999-9100,

    Legacy Properties, A Sarah Leonard Company, LLC,

    Jim Brown 224-629-9873,

    Legacy Properties, A Sarah Leonard Company, LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12705014MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Office, Bedroom 5, Sitting Room
      Primary bedroom
      • Features: Flooring (Carpet), Window Treatments (All), Bathroom (Full)
      • Level: Second
      • Area: 315 Square Feet
      • Dimensions: 21X15
      Bedroom 2
      • Features: Flooring (Carpet)
      • Level: Second
      • Area: 357 Square Feet
      • Dimensions: 21X17
      Bedroom 3
      • Features: Flooring (Carpet)
      • Level: Second
      • Area: 143 Square Feet
      • Dimensions: 13X11
      Bedroom 4
      • Features: Flooring (Carpet)
      • Level: Second
      • Area: 143 Square Feet
      • Dimensions: 13X11
      Bedroom 5
      • Features: Flooring (Carpet), Window Treatments (All)
      • Level: Second
      • Area: 154 Square Feet
      • Dimensions: 14X11
      Dining room
      • Level: Main
      • Dimensions: COMBO
      Family room
      • Features: Flooring (Hardwood), Window Treatments (All)
      • Level: Main
      • Area: 323 Square Feet
      • Dimensions: 19X17
      Kitchen
      • Features: Kitchen (Eating Area-Table Space, Pantry-Walk-in), Flooring (Hardwood), Window Treatments (All)
      • Level: Main
      • Area: 195 Square Feet
      • Dimensions: 15X13
      Laundry
      • Level: Main
      • Area: 72 Square Feet
      • Dimensions: 12X6
      Living room
      • Features: Flooring (Hardwood)
      • Level: Main
      • Area: 406 Square Feet
      • Dimensions: 29X14
      Office
      • Features: Flooring (Hardwood), Window Treatments (All)
      • Level: Main
      • Area: 182 Square Feet
      • Dimensions: 14X13
      Sitting room
      • Features: Flooring (Carpet), Window Treatments (All)
      • Level: Second
      • Area: 176 Square Feet
      • Dimensions: 16X11
      Heating
      • Natural Gas, Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Range, Dishwasher, Refrigerator
      • Laundry: Main Level, In Unit
      Features
      • Walk-In Closet(s)
      • Flooring: Hardwood
      • Basement: Unfinished,Full
      • Number of fireplaces: 1
      • Fireplace features: Family Room
      Interior area
      • Total structure area: 0
      • Total interior livable area: 4,119 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
      • Attached garage spaces: 3
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: No Disability Access
      Features
      • Stories: 2
      • Patio & porch: Deck
      Lot
      • Size: 0.32 Acres
      Details
      • Parcel number: 02244070650000
      • Special conditions: None
      • Other equipment: Ceiling Fan(s), Sump Pump

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Brick, Cedar
      • Foundation: Concrete Perimeter
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2014
      Details
      • Builder model: MORTON

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Services included: None
      Location
      • Region: Palatine

      Financial & listing details

      • Price per square foot: $208/sqft
      • Tax assessed value: $680,000
      • Annual tax amount: $20,920
      • Date on market: 7/14/2026
      • Ownership: Fee Simple

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/14/2026Listing removed$899,900$218/sqft
        Source: MRED as distributed by MLS GRID #12667406 Report a problem
        6/3/2026Price change$899,900-5.2%$218/sqft
        Source: MRED as distributed by MLS GRID #12667406 Report a problem
        4/29/2026Listed for sale$949,000+45.1%$230/sqft
        Source: MRED as distributed by MLS GRID #12632902 Report a problem
        1/16/2015Sold$653,880$159/sqft
        Source: MRED as distributed by MLS GRID #08555961 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$20,921 +7.5%$68,000 +0%
        2023$19,466 +2.6%$67,999
        2022$18,973 -3.3%$67,999 +10.3%
        2021$19,621 +1.3%$61,632
        2020$19,361 +0%$61,632 -10.2%
        2019$19,352 -8%$68,633 +0.7%
        2018$21,032 +1.8%$68,185
        2017$20,657 +5.9%$68,185
        2016$19,511 +22.6%$68,185 +38%
        2015$15,916 +1092%$49,416 +1079.4%
        2014$1,335 +2.5%$4,190
        2013$1,302 $4,190
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 60074

        Getting around

        40 / 100
        Car-Dependent
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Jane Addams Elementary School
        • Middle: Winston Campus Middle School
        • High: Palatine High School
        • District: 15

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            Nearby cities

            Nearby zip codes

            Other Palatine Topics

              Search
              Updates
              Favorites
              Plan
              Inbox