Active Under ContractPrice Reduced

$699,999

$715,000
1298 Falcon Drive, Palatine, IL 60067
2 Beds4 Baths4,485 sqft28 days
1298 Falcon Drive·Palatine, IL 60067
2Bedrooms
4Bathrooms
4,485Sq Ft
2000Year Built
About This Home

Stunning, wide-open end unit with the exclusive Peregrine Lake Estates lot amidst wooded greenery that backs to the lake. Enjoy low-maintenance living in this sun-filled, 3-bedroom townhome featuring a heated 3-car garage and many high-end updates throughout and an easy walk to Fremd HS! The main level offers an open-concept layout with refinished American Cherry hardwood floors, custom built-ins and upgrades, a gas fireplace, and a unique and huge heated/cooled 4-season room adjacent to the top deck. The kitchen features 42" maple cabinetry with soft-close drawers, granite countertops, a Sub-Zero HE refrigerator, exterior vented gourmet hood, and a quartz-top island. A remodeled 2nd primary suite, updated powder room, and laundry add main-floor living convenience. The upstairs primary suite features hardwood floors, two walk-in closets, and a remodeled bath with a double vanity and tiled shower. With two primary suites, this home offers flexible living arrangements ideal for multi-generational households or added privacy for guests. The grand loft overlooking the great room and its floor-to-ceiling windows provides flexible space that can easily convert into a home office for working from home, or serve as a potential 4th bedroom. The walkout lower level features a spacious recreation room with a second fireplace, a third bedroom with ensuite bath, a wet bar, and three sliding doors leading to the paver patio and gorgeous backyard. Enjoy updates including a new tankless water heater (2026), a bright sunroom with exterior access and fresh paint, plus a heated garage with a Q garage door system for added comfort and convenience. The primary bedroom furniture is negotiable. UPDATES: Navien tankless water heater (2026), Epoxy Garage Floor (2021), LED Lights Throughout (2022), Kitchen Island (2022), Basement & Primary Blinds (2022), New AC/Furnace (2025), Hood Exhaust (2025), Kitchen Backsplash (2025), Kitchen Disposal & Roll-out shelving (2024), Deck Restoration (2024), Bedroom Carpet (2021), New Roof (2020), Rizo Sprinkler Controller and RPZ Valve (2023), SimpliSafe Security System (2023), Level 2 Charger for EV (2023), Water Heater Controller (2022), Storm Sewer Sump Pump (2021), New Garage Door Spring (2026), Sliding Drawer in Pantry (2022), Remodeled Master Bath and Powder Room (2021), Freshly Painted Entire Home (2021)

MLS# 12756527Listed September 10, 2026Residential
Property Details

Beds & Baths

Total Bedrooms2
Total Bathrooms4
Full Baths3
Half Baths1
Total Rooms7

Size & Structure

Living Area4,485 sqft
Stories2
Garage Spaces3
Fireplaces2
Year Built2000
Lot Size149 X 89 X 145 X135

Location

CountyCook
TownshipPalatine
Zip Code60067

Financial

List Price$699,999
Original Price$715,000
Price / Sq Ft$156
Annual Taxes (2024)$13,425
Monthly Tax Est.$1,119
Parcel #02284040380000
Interior Features

Flooring

HardwoodCarpet

Heating

Natural Gas

Cooling

Central Air

Basement

FinishedExterior EntryOtherEgress Window9 ft + pourRec/Family AreaStorage SpaceDaylightFullWalk-Out Access

Laundry

Main Level

Fireplace

Gas LogGas Starter
Exterior & Lot

Construction

Brick

Patio & Porch

DeckPatio

Lot Features

Corner LotIrregular LotLandscapedWoodedMature Trees
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

ConcreteGarage Door OpenerYesGarage OwnedAttachedGarage
HOA & Community
HOA Fee
$200
Monthly

HOA Includes

InsuranceExterior MaintenanceLawn CareSnow RemovalOther
Schools
Elementary
Hunting Ridge Elementary School
District: 15
Middle School
Plum Grove Middle School
District: 15
High School
Wm Fremd High School
District: 211
Tax & Financial
Annual Taxes
$13,425
Tax Year 2024
Monthly Tax Est.
$1,119
per month
Price per Sq Ft
$156
per square foot
Price Reduced by $15,001
Original list price: $715,000
Property Location

1298 Falcon Drive, Palatine, IL 60067 — Cook County

$699,999
$156 / sqft
1298 Falcon Drive
2 bd4 ba4,485 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
28 days on market
3-car garage
2 fireplaces
149 X 89 X 145 X135
$13,425/yr taxes
$200 HOA (monthly)
Price reduced $15,001
$4,998
estimated monthly payment
Principal & Interest
$3,679/mo
Property Tax
$1,119/mo
HOA
$200/mo
$699,999
20% — $140,000
3%50%
6.875%
3%12%
Loan Amount
$559,999
Down Payment
$140,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
EXCHANGE BROKERS
Agent: Leeann Bluske
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