502 N Smith Street, Palatine, IL 60067
Local realty services provided by:CENTURY 21 New Beginnings
Listed by: barbara lowe, john federici
Office: compass
MLS#:12626361
Source:MLSNI
Price summary
- Price:$375,000
- Price per sq. ft.:$455.65
About this home
Renovated and meticulously maintained ranch home near Downtown Palatine! This home features wide-plank siding freshly painted in 2025 and other expansive renovations including mostly new electrical and mostly new plumbing (2022), new roof and HVAC (2023), basement drain tile (2024), perimeter drainage channel and sealed foundation (2023), and an extended sump pump discharge line routed more than 40 feet from the home underground (2024), new gutters and downspouts (2025), new asphalt driveway (2024, improved from dirt driveway) driveway sealed in 2025, new concrete walkway (2025), and newly built front and back porches (2025). The backyard was professionally regraded and landscaped in 2024 with select tree removal and trimming. A new concrete slab (2024) offers flexible space for a tiny home, RV, boat, shed, or greenhouse. Interior highlights include real hardwood floors in the living room and two bedrooms, tile in the kitchen and bath, granite countertops, white shaker cabinets, and stainless steel appliances. Owner acquired 3 verbal estimates for a 2 bedroom 1 bathroom addition on the south side of the home or as a second story addition, the quotes ranged from $100,000-$125,000. Zero lot new construction homes are selling in the same area for $700,000 plus! The tiny home in the backyard will be removed prior to closing unless included in a separate negotiated bill of sale. Seller is a licensed IL Real Estate Managing Broker and licensed Community Association Manager....
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Home facts
- Year built:1956
- Listing ID #:12626361
- Updated:April 25, 2026 at 01:50 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:4
- Basement:Yes
- Basement Description:Cellar, Partial
- Living area:823 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Asphalt
- Year built:1956
- Building area:823 sq. ft.
- Lot area:0.25 Acres
- Lot Features:Corner Lot
- Architectural Style:Ranch
- Foundation Description:Block
- Levels:1 Story
Schools
- High school:Palatine High School
- Middle school:Carl Sandburg Middle School
- Elementary school:Gray M Sanborn Elementary School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$375,000
- Price per sq. ft.:$455.65
- Tax amount:$5,841 (2024)
Parking
- Total parking spaces:2
- Parking description:Detached Garage, Garage, Gravel
- Garage:Yes
- Garage spaces:2
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