1551 East Olive, Palatine IL 60074
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.
Features & Information
Key Details
- List Price $858,000
- Property Taxes $20,920.63
- Square Feet 4119
- Price/ Sq. Ft. $208.30
- Year Built 2014
- Parking Type Garage
- Status Contingent
Rooms
- Total Rooms 11
- Basement F
-
Master Bedroom
- Master Bath F
- Room Size 21X15
-
Bedroom 2
- Room Size 21X17
- Floor Level 2nd Level
- Flooring Carpet
-
Bedroom 3
- Room Size 13X11
- Floor Level 2nd Level
- Flooring Carpet
-
Bedroom 4
- Room Size 13X11
- Floor Level 2nd Level
- Flooring Carpet
-
Living Room
- Room Size 29X14
- Floor Level Main Level
- Flooring Hardwood
-
Family Room
- Room Size 19X17
- Floor Level Main Level
-
Dining Room
- Room Size COMBO
- Floor Level Main Level
-
Kitchen
- Room Size 15X13
- Kitchen Type Eating Area-Table Space,Pantry-Walk-in
- Floor Level Main Level
- Flooring Hardwood
-
Basement
- Basement Description Unfinished
- Bathroom(s) in Basement N
Additional Rooms
-
Additional Room 1
- Additional Room 1 Name Office
- Additional Room Size 14X13
- Additional Room Level 2nd Level
- Additional Room Flooring Hardwood
-
Additional Room 2
- Additional Room 2 Name 5th Bdrm
- Additional Room Size 14X11
- Additional Room Level 2nd Level
- Additional Room Flooring Carpet
Interior Features
-
Appliances
- Appliances Included Oven/Range, Dishwasher, Refrigerator
-
Heating & Cooling
- Heating Type Gas, Forced Air
- Air Conditioning Central Air
-
Fireplace
- # of Fireplaces 1
Exterior Features
-
Building Information
- Age of Building 11-15 Years
- Exterior Construction Brick,Cedar
- Foundation Concrete
-
Parking
- Parking Garage
- # of Cars 3
- Garage Features Garage Door Opener(s)
Location
- County Cook
- Township Palatine
- Corporate Limits Palatine
- Directions to Property Northwest Highway E Of 53 To Wilke N To Olive. Model In Glen Ellyn
-
Schools
- Elementary School District 15
- School Name Jane Addams Elementary Sc
- Junior High District 15
- School Name Winston Campus Middle Sch
- High School District: 211
- School Name Palatine High School
-
Property Taxes
- Tax 20920.63
- Tax Year 2024
- Tax Exemptions Homeowner
- Parcel Identification Number 02244070650000
-
Lot Information
- Dimensions 13967
- Acreage 0.321
Utilities
- Sewer Sewer-Publ
Listed by: Legacy Properties, A Sarah Leonard Company, LLC | Phone: 224.999.9100
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 7/26/2026 6:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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