Reseda Palatine

Located just south of Dundee Road and accessed off Hicks Road, Reseda is a well established neighborhood in Palatine Illinois. It's centrally located and in 5 minutes you can reach Route 53 for a north or south commute, the Metra station is also about a 5 minute drive if you need to commute to Chicago or visit for shopping or field trips.

The schools are very close, many within walking distance including Palatine High School. There are several community parks nearby and just 5 minutes drive will take you to the Twin Lakes Recreational area. You can enjoy boating, fishing, golf, or just play in the large park area. There's also a grill for drinks, snacks or lunch and they also offer catering.

For shopping lovers you are within 5 minutes of a large Dominicks grocery store on Dundee Road which is also home to one of the newest and largest shopping areas in Palatine with many big box stores. Palatine is home to one of the largest local libraries, again only 5 minutes drive.

Reseda Homes For Sale

Homes in this established neighborhood are all single family properties. Common home types in Reseda of Palatine are ranch homes, split level homes and 2 story homes in tradition, colonial and french styles. Most homes are 3 or 4 bedroom, 2 to 3 bathrooms but some have nicely finished full basements and owners have expanded the bedroom and bathroom count. Lot sizes are typically 0.20 to 0.25 acres, a standard builders lot size.

Reseda home prices are between $200,000 and $400,000.

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It's not often I step outside my normal listing and sales routines, so when I sold a home in Palatine to first time buyers it was like a breath of fresh air. Doing something different can certainly energize anyone, I am sure you'll agree.

In late July I was contacted by one of my loan officers to see if I could help one of his friends buy a house. The property was in Palatine and they were either going to buy it or wait for a bit. As first time buyers and after a discussion with the loan officer, they decided that having the listing agent act on their behalf was maybe not in their bests interests.

Being an advocate of buyer agency, where buyers have their own representation, of course I was happy to step in and work on their behalf. We took a look at the property they had seen at an open house and they decided they wanted to buy it. Aside from a little hurdle with some property tax issues the entire thing was smooth sailing and today my Palatine first time buyers became Palatine first time home owners.

I give credit to my buyers, they spent 3 years saving every penny they could to get not only a good down payment but a little money in the bank too. Borrowing only 80% of the purchase price made them good qualified buyers, something sellers are certainly on the look-out for today. With todays really low interest rates their payment is very low, especially if compared to the rent payable on a similar property. 

As Palatine first time buyers they needed a little more hand holding and a little more guidance, but that's what made the transaction refreshing. My buyers knew where they wanted to live, location trumped condition, so while the house does need some updating, it was perfect for them. They will be doing some remodelling over the next few months, maybe a couple of years, but for now they have a great home and yard for the family to enjoy and grow.

Sold for $245,000 this home is located in Reseda of Palatine, a well established neighborhood.

If you're a Palatine first time home buyer and would love to buy a home like this there are two things you should do before going house hunting. First contact a loan officer and find out how much mortgage you qualify for, make sure you are comfortable with the monthly cost. Second you can start searching for homes and information on Palatine at Relocation House Hunters, then give me a call, I would love to help you buy your first condo, town home or single family home in Palatine.