$764,999

1298 S Falcon Drive, Palatine, IL 60067

Active
2 beds (3 possible) 3.5 baths 4,485 sqft (assessor) Built 2000 Residential MLS #MRD12719605 22 days on market
Listing courtesy of EXCHANGE BROKERS · 224-857-7309 · leeann@consumerequity.co · MLS #MRD12719605 · Status: Active
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 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. The grand loft overlooking the great room and its floor to ceiling windows provides flexible space for a home office, hobby area, or additional 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. 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)
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Property details

Interior

Interior features
Vaulted Ceiling(s), Cathedral Ceiling(s), Wet Bar, 1st Floor Bedroom, In-Law Floorplan, 1st Floor Full Bath, Storage, Built-in Features, Walk-In Closet(s), High Ceilings, Granite Counters, Pantry, Quartz Counters
Flooring
Hardwood, Carpet
Fireplaces
2
Fireplace details
Gas Log, Gas Starter
Basement
Finished, Exterior Entry, Other, Egress Window, 9 ft + pour, Rec/Family Area, Storage Space, Daylight, Full, Walk-Out Access
Laundry
Main Level
Additional rooms
Sun Room
Total rooms
7

Building & exterior

Age
26-30 Years
Stories
2
Entry level
1
Exterior
Brick
Windows
Window Treatments, Drapes
Patio & porch
Deck, Patio

Parking

Garage spaces
3
Total spaces
3
Parking details
Concrete, Garage Door Opener, Yes, Garage Owned, Attached, Garage

Lot & location

Lot dimensions
149 X 89 X 145 X135
Lot description
Corner Lot, Irregular Lot, Landscaped, Wooded, Mature Trees
Township
Palatine
County
Cook

Utilities

Heating
Natural Gas
Cooling
Central Air
Water
Public
Sewer
Public Sewer

HOA & community

Assessment
$200 / monthly
Assessment includes
Insurance, Exterior Maintenance, Lawn Care, Snow Removal, Other
Pets
Number Limit

Schools

Elementary
Hunting Ridge Elementary School (15)
Junior high
Plum Grove Middle School (15)
High school
Wm Fremd High School (211)

Taxes & terms

Annual taxes
$13,425 (2024)
Parcel number (PIN)
02284040380000
PIN
02284040380000
Ownership
Fee Simple
Possession
Closing, Negotiable
Special conditions
None
Listed
7/31/2026

Rooms

RoomSizeLevelFlooring
Sun Room12X13Main
Bedroom 222X20Second
Bedroom 314X11Basement
Bedroom 4N/A
Dining Room12X14Main
Family Room30X26Basement
Kitchen15X15Main
Laundry6X8Main
Living Room20X23Main
Master Bedroom13X19Main

What would this home cost per month?

Using this listing's actual tax bill (2024) and actual HOA assessment — adjust anything.

Rates move daily — edit to today's quote. Under 20% down adds PMI automatically.

Estimated monthly payment
$0
Principal & interest
Property taxes
Insurance
PMI (under 20% down)
HOA / assessments

Estimates only — not a loan offer or quote; your rate, insurance and PMI depend on your credit and lender. Run other scenarios on the full mortgage calculator, or ask us to connect you with lenders our clients actually close with.

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