1298 S Falcon Drive
Palatine, IL, 60067 $ 774,999
Bedrooms3 Baths3.1 Sq 4,485 Monthly Estimate*
$ 4,893
for $774,999 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 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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Townhouse ActiveTownhouse-2 Story,T3-Townhouse 3+ Stories
FeaturesGeneralLiving Area 4485
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession Negotiable Possession Other Hm
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 Price Change
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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InteriorInterior 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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ExteriorParking 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 FeaturesList Byleeann@exchangebrokers.co;ctc@exchangebrokers.coEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,893
- 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.
Learn more about how to save NearbyTownhouse listings in Palatine, IL
Average List Price $441,243
Percent of Sale Price 43%
About Palatine, IL 67,137 Population
2% Since 2002
$ 76,021 Median Income
39.39 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
567906 Elementary School
4711538 Middle School
Wm Fremd High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/10/2026 | $774,999 | -1.27% | Price Down |
| 7/31/2026 | $784,999 | | Listed Price |