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$880,000
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Property Description
*** 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.
Full Property Details
Full Property Details for 1551 E Olive St
General
- Sold For: $880,000
- Taxes: $20,920 (2024)
- Status: Closed
- Type: Single Family
- Source: MRED
- MLS ID: 12705014
Interior
- Interior Features: Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Family Room
- Appliances: Range, Dishwasher, Refrigerator
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
- Bathroom Features: Separate Shower, Double Sink, Soaking Tub
Bedrooms
- Total Bedrooms: 5
Additional Information
- Equipment: Ceiling Fan(s), Sump Pump
- Other Features: Commuter Train
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Total Spaces: 3
- Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Location
- Area: Palatine
- County: Cook
- Driving Directions: Northwest Highway E of 53 to Wilke N to Olive. Model in Glen Ellyn
School Information
- School District: 15
- Midd School District: 15
- Elementary School: Jane Addams Elementary School
- Middle School: Winston Campus Middle School
- High School: Palatine High School
- Private School: Palatine High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Public
Structural Information
- Construction: Brick, Cedar
- Exterior Const.: Brick, Cedar
- Basement Desc.: Unfinished, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Sub-Flooring: Hardwood
- Square Feet: 4,119
- Sq. Ft. Source: Builder
- Year Built: 2014
Manufactured Home
- Model: MORTON
Lot Features
- Lot Size (Acres): 0.321
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 13967
Financial Considerations
- Parking Included: Yes
- Assessment Year: 2014
- Tax Amount: $20,920.63
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 2244070650000
Listed by Legacy Properties, A Sarah Leonard Company, LLC
Sold by Epique Realty Inc
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Schools
Schools serving 1551 E Olive St
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Jane Addams Elementary School, Palatine, IL 1020 East Sayles Drive, Palatine, IL 60074 | K-5 | 1.8 mi |
Winston Campus Jr High School 120 North Babcock Drive, Palatine, IL 60074 | 6-8 | 1.2 mi |
Palatine High School 1111 North Rohlwing Road, Palatine, IL 60074 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
1551 E Olive Street, Palatine, IL 60074 (MLS# 12705014) is a Single Family property that was sold at $880,000 on August 21, 2026. Want to learn more about 1551 E Olive Street? Do you have questions about finding other Single Family real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.

