1298 S Falcon Drive Palatine, IL $ 715,000
1298 S Falcon Drive
$ 715,000
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1298 S Falcon Drive

Palatine, IL, 60067
$ 715,000
Bedrooms3 Baths3.1 Sq 4,485

Monthly Estimate*

$ 4,515

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Townhouse for sale in Palatine, IL

for $715,000 with 3 bedrooms and 3 full baths, 1 half bath. This 4,485 square foot townhouse was built in 2000.

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)

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Townhouse Active

Price

$ 715,000

Bedrooms

3

Full Bath

3

Half Bath

1

Property Type

Townhouse

Taxes

$ 13,425

Style

Townhouse-2 Story,T3-Townhouse 3+ Stories

Year Built

2000

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12756527

Features
General
Living Area 4485
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession Closing Negotiable
HOA Fee 200
Garage Spaces 3
Association Fee Includes Insurance Exterior Maintenance Lawn Care Snow Removal Other
Construction Materials Brick
Pets Allowed Number Limit
Year Built 2000
Township Palatine
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Total Rooms 7
Full Baths 3
Status New
Directions Euclid West towards Harper College to Falcon Dr on the north side to home on the left.
High School Wm Fremd High School
City Palatine
High School District 211
MLS Area Palatine
Elementary School Hunting Ridge Elementary School
Tax Annual Amount 13425
Middle/Junior High School Plum Grove Middle School
Virtual Tour https://my.matterport.com/show/?m=QmrPmBbH3Kr&mls=1
Standard Status Active
Middle/Junior School District 15
Elementary School District 15
Sub Type Townhouse-2 Story T3-Townhouse 3+ Stories
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Interior
Interior Amenities 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 Counter
Basement Finished Exterior Entry Other Egress Window 9 ft + pour Rec/Family Area Storage Space Daylight Full Walk-Out Access
Flooring Hardwood Carpet
Total Fireplaces 2
Fireplace Features Gas Log Gas Starter
Total Stories 2
Half Baths 1
Laundry Features Main Level
Total Bedrooms 2
Room Type Sun Room
Total Baths 4
Bedrooms Possible 3
Bathroom Whirlpool Separate Shower Full Body Spray Shower
Total Number of Units 8
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Exterior
Parking Features Concrete Garage Door Opener Yes Garage Owned Attached Garage
Lot Features Corner Lot Irregular Lot Landscaped Wooded Mature Trees
Water Source Public
Total Parking 3
Lot Dimensions 149 X 89 X 145 X135
Waterfront Y/N N
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* Excluded Features
List By
Exchange Brokers

Broker

leeann@exchangebrokers.co;ctc@exchangebrokers.co

Email

Affordability Calculator

$5,633
Per Month
80%
20%
0%
Monthly Principal & Interest
$4,515
Monthly Property Taxes
$1,119
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
567906 Elementary School
4711538 Middle School
Wm Fremd High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2026$715,000 Listed Price

Map


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1298 S Falcon Drive, Palatine, IL, 60067 is a Townhouse for sale at $715,000 with 4,485 sqft. 1298 S Falcon Drive has 3 bedrooms, 3.1 baths, and was built in 2000. The property's zip code is 60067 which is in Palatine, IL