400/1 Renaissance Place

Palatine IL 60067

1100 sq. ft.

Condo

Last sold for $162,000

Rich Wolnik, last sold this property on 28 February 2025 after 206 days on market.

Overview

EXPERIENCE LUXURY LIVING IN THIS GREAT 4TH-FLOOR CORNER UNIT, NESTLED IN A PREMIUM FULL-AMENITY BUILDING, AND INVESTORS WELCOME TOO AS THIS UNIT IS GRANDFATHERED TO ALLOW RENTALS! BOASTING 1,100 SQ. FT. OF THOUGHTFULLY DESIGNED SPACE, THIS HOME INCLUDES A BRAND-NEW REFRIGERATOR, GARBAGE DISPOSAL, AND CARPET, AS WELL AS GRANITE COUNTERTOPS FOR A POLISHED TOUCH. WINDOWS WERE UPDATED IN 2017, WITH AIR CONDITIONING UNITS IN THE LIVING ROOM AND SECOND BEDROOM REPLACED THE SAME YEAR, AND THE MASTER BEDROOM AC UNIT UPGRADED IN 2020. THE MICROWAVE, STOVE, AND DISHWASHER WERE ALSO UPDATED FIVE YEARS AGO, ENSURING MODERN CONVENIENCE THROUGHOUT. THE BUILDING OFFERS AN ARRAY OF UPSCALE AMENITIES, INCLUDING WEEKDAY DOORMAN SERVICE FROM 6AM-10PM AND 24/7 COVERAGE ON WEEKENDS. MONTHLY ASSESSMENTS COVER ACCESS TO A SPACIOUS POOL, SAUNA, FITNESS CENTER, AND PARTY ROOM, SO EVERY DAY CAN FEEL LIKE A RETREAT. PERFECTLY LOCATED NEAR THE DOWNTOWN PALATINE METRA STATION, LIBRARY, SHOPPING, AND EXPRESSWAYS, THIS PROPERTY COMBINES COMFORT WITH UNMATCHED CONVENIENCE. CAT LOVERS WILL APPRECIATE THE PET-FRIENDLY POLICY, AND THE UNIT INCLUDES NEWER WINDOWS AND TWO UPDATED HVAC UNITS INSTALLED WITHIN THE PAST SIX YEARS. THE MASTER BEDROOM FEATURES A GENEROUS WALK-IN CLOSET, AND THE COMMON AREAS THROUGHOUT THE BUILDING ARE BEAUTIFULLY MAINTAINED. RESIDENTS ALSO ENJOY A LARGE MEETING ROOM AVAILABLE FOR RENT, WHILE GARAGE PARKING IS OFFERED SEPARATELY. OUTDOOR ENTHUSIASTS WILL LOVE THE DIRECT ACCESS TO A SCENIC WALKING AND BIKING PATH, STRETCHING ACROSS MILES OF NATURAL BEAUTY. INVESTORS TAKE NOTE: THIS UNIT IS ONE OF THE RARE GRANDFATHERED RENTABLE PROPERTIES IN THE BUILDING.

Features

2 bedrooms

2 bathrooms

2 carspaces

1100 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Palatine over the last 12 months, the estimated median property value of 400/1 Renaissance Place is $315k.

Median value

$315k

Estimated value range

$150k - $790k

Median days on market

Estimated value trend

24%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Palatine. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.