Single Family Home $ 0

1551 E Olive ST

Palatine, IL 60074

  • 5 Beds
  • 3.5 Baths
    Full Baths: 3 Half Baths: 1
  • 4,119 SqFt
  • 0.32 Lot Size
  • 2014 Year Built
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.
Listed by Sarah Leonard of Legacy Properties, A Sarah Leonard Company, LLC

PROPERTY DETAIL

  • 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

  • Location

    State IL

    County Cook

    Area Palatine

    Body of Water MORTON

  • Rooms

    Basement Unfinished, Full

  • 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

  • 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

  • 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

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