508 E Spruce Dr, Palatine, IL 60074 Property Records

Cook County property record for 508 E Spruce Dr, Palatine, IL 60074

Property Summary

Property Type	Condominium
Details	2 bd · 1,067 sqft · built 1982
Lot Size	1.72 acres (75,094 sqft)
Owner	Company Name on Record
Last Sale	$160,000 (Jul 2007)
Tax Bill	$3,228 (2023)
Deeds & Mortgages	Apr 2021 Line of Credit Mar 2017 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`02-02-400-061-1024`

Property Details

APN / Parcel Number

Primary APN	`02-02-400-061-1024`

Interior

Bedrooms	2 Beds
Total Rooms	5 Rooms
Units	12 Units
Building Area	1,067 sqft Living Area
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1982
Effective Year Built	Effective 1982
Architectural Style	Condo/Apartment
Exterior Material	Brick
Lot Area	75,094 sqft

Utilities, Heating & Cooling

Cooling System	Wall Unit
Heating System	Baseboard
Heating Fuel	Electric
Water Source	Commercial

Location & Zoning

Street Address	508 E SPRUCE DR, 3B
City	PALATINE
State	IL
Zip	60074-2316
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Condominium
Legal Range	10E
Legal Township	42N
Legal Section	02
Legal Subdivision	PINE CRK CONDO
Legal Lot Number	1-35
Jurisdiction	COOK IL
Township / Civil Division	PALATINE
Census Block Group	2
Census Block	2027
Census Tract	803608

Owner

Source: Cook County records, as of May 27, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	1963 UNIVERSITY LN, LISLE, IL 60532-2151
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Apr 20, 2021	Deed of Trust, Mortgage · Line of Credit THE FIRST NATIONAL BANK OF OTTAWA
Mar 30, 2017	Deed of Trust, Mortgage · Line of Credit MB FIN'L BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 26, 2007 · Amount on Record
Deed Sale	Jul 26, 2007 · Amount on Record
Deed Document Number	200733133
Record Updated	Sep 20, 2026

April 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	508 E SPRUCE DR APT 3B, 3B, PALATINE, IL 60074-2316
Transaction Type	Mortgage
Record Updated	May 8, 2026
Title Company	GREATER ILLINOIS TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0011057070
Date	Apr 20, 2021
Instrument	2111057070

Lender

Name	THE FIRST NATIONAL BANK OF OTTAWA
Type	Bank
Address	OTTAWA, IL 61350

Agreement

Type	Line of Credit
Amount	Amount Recorded

March 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOK IL
Property Address	508 E SPRUCE DR, PALATINE, IL 60074-2316
Document Number	1709708059
Instrument Date	Mar 30, 2017
Transaction Type	Mortgage
Record Updated	Apr 18, 2017

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1963 UNIVERSITY LN LISLE IL 605322151, LISLE, IL 60532-2151

Mortgage

Document Number	1709708059
Date	Apr 7, 2017
Instrument	9708059

Lender

Name	MB FIN'L BK
Type	Bank
Address	ROSEMONT, IL 60018

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Cook County assessment roll, as of May 27, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Cook County
County Subdivision	Palatine Township
Municipality	Palatine Village
Elementary School District	Palatine Community Consolidated School District 15 (PK - 08)
Secondary School District	Township High School District 211 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$15,120 (+38.68%) Land $333 Building $14,787	$151,200 (+38.68%) Land $3,330 Building $147,870
2023	$3,228.00 (+3.4%)
2022	$3,122.00	$10,903 Land $288 Building $10,615	$109,030 Land $2,880 Building $106,150

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective February 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 7 (15% premium discount)
Nearby Flood Policies	1 in force
Nearby Flood Claims	3 (1978–2013)
Claims Outside the SFHA	2 of 3
Most Recent Claim	Jun 2013 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · above 71% of Illinois
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	PALATINE serves 70,875 people · EPA ID IL0312340
Water Source	Purchased surface water from NORTHWEST WATER COMMISSION
Last State Inspection	Feb 2026
Lead	9 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 189 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
AT&T Fixed Wireless · DSL	100 / 20

May also be available: T-Mobile, Verizon.

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