550 E Carpenter Dr, Palatine, IL 60074
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Property image
OFF MARKET

550 E Carpenter Dr
Palatine, IL 60074

  • 4 Beds
  • 2.5 Baths
  • 2,072 sqft

$574,300

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $3,958/mo*
Refinance Your Home

$574,300

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $3,958/mo*
Refinance Your Home
4 Beds
2.5 Baths
2,072 sqft

Home Value

Trulia Estimate
$574K
Since last month
Decreased$5K (-0.9%)
Since last year
Increased$41K (+7.7%)
Since last sale
Increased$257K (+81.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +73% in the last 10 years
MonthEstimated value
2026
August 2026$572K
July 2026$574K
June 2026$577K
May 2026$560K
April 2026$553K
March 2026$537K
February 2026$515K
January 2026$516K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
562 E Carpenter Dr, Palatine, IL
0.03
Single-Family Home
$580,000
08/10/26
4
2.5
2,090
572 E Monterey Rd, Palatine, IL
0.07
Single-Family Home
$581,000
07/24/26
4
2.5
2,124
634 E Pompano Ln, Palatine, IL
0.13
Single-Family Home
$484,500
03/13/26
4
2.5
2,084
913 N Arrowhead Dr, Palatine, IL
0.10
Single-Family Home
$580,000
03/13/26
4
2.5
2,035
728 N Stark Dr, Palatine, IL
0.15
Single-Family Home
$490,000
05/20/26
4
2.5
2,122
509 E Monterey Rd, Palatine, IL
0.08
Single-Family Home
$551,000
03/18/26
4
2
1,869
433 E Carpenter Dr, Palatine, IL
0.15
Single-Family Home
$545,000
05/18/26
4
2.5
2,072
961 N Arrowhead Dr, Palatine, IL
0.21
Single-Family Home
$525,000
08/25/25
4
2.5
2,035
945 N Carmel Dr, Palatine, IL
0.16
Single-Family Home
$510,000
11/04/25
4
2
1,700
940 N Carmel Dr, Palatine, IL
0.14
Single-Family Home
$590,000
04/08/26
4
2.5
2,790

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
562 E Carpenter Dr, Palatine, IL 60074
0.03
$580,000
4
2.5
2,090
Recently Sold
570 E Carpenter Dr, Palatine, IL 60074
0.04
$670,600
4
2.5
3,021
Off Market
509 E Monterey Rd, Palatine, IL 60074
0.08
$551,000
4
2
1,869
Recently Sold
572 E Monterey Rd, Palatine, IL 60074
0.07
$581,000
4
2.5
2,124
Recently Sold
618 E Carpenter Dr, Palatine, IL 60074
0.07
$563,200
4
2.5
2,124
Off Market
913 N Arrowhead Dr, Palatine, IL 60074
0.10
$580,000
4
2.5
2,035
Recently Sold
936 N Stark Dr, Palatine, IL 60074
0.13
$582,700
4
3
-
Off Market
940 N Carmel Dr, Palatine, IL 60074
0.14
$590,000
4
2.5
2,790
Recently Sold
433 E Carpenter Dr, Palatine, IL 60074
0.15
$545,000
4
2.5
2,072
Recently Sold
634 E Pompano Ln, Palatine, IL 60074
0.13
$484,500
4
2.5
2,084
Recently Sold
945 N Carmel Dr, Palatine, IL 60074
0.16
$510,000
4
2
1,700
Recently Sold
501 E Providence Rd, Palatine, IL 60074
0.15
$609,700
5
2.5
2,700
Off Market

Local Information

  • Map ViewExplore the area around 550 E Carpenter Dr.
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Home Highlights

Property Type
Single-Family Home
Year Built
1969
Living Area
2,072 sqft
Price/Sqft
$277
Parking
Garage

About this House

This single-family home is located at 550 E Carpenter Dr, Palatine, IL. 550 E Carpenter Dr is in Palatine, IL and in ZIP code 60074. This property has 4 bedrooms, 3 bathrooms and approximately 2,072 sqft of floor space. This property has a lot size of 9856 sqft and was built in 1969.
550 E Carpenter Dr, Palatine, IL 60074 is a 4 bedroom, 3 bathroom, 2,072 sqft single-family home built in 1969. It last sold for $315,000 on Mar 16, 2017. It is currently off market. The Trulia Estimate is $574,300, with a rent estimate of $3,377/month.

Home Details for 550 E Carpenter Dr

Interior Features

Interior Details
BasementNumber of Rooms: 8Types of Rooms: Dining Room
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Appliances & Utilities
Dishwasher
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood, Linoleum Vinyl

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: WoodPatio
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1969
Property Type / Style
Property Type: Single Family HomeArchitecture: Colonial

Community

Units in Building: 1

Lot Information

Lot Area: 9856 sqft

Price and Tax history

DateEventPrice
Mar 16, 2017
Source: MRED as distributed by MLS GRID #09396924
Sold
$315,000
Feb 13, 2017
Source: Agent Provided
Pending
$333,000
Nov 30, 2016
Source: Agent Provided
PriceChange
$333,000
Price decreased by 1%
Sep 12, 2016
Source: Agent Provided
PriceChange
$334,900
Price decreased by 1%
Aug 8, 2016
Source: Agent Provided
PriceChange
$339,000
Price decreased by 3%

Market trends in Palatine

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$341K
$40.5KMoM
Sale-to-List Price
100.3%
0.9%MoM
Price per sq ft
$237
$7MoM
Available listings
221
41MoM
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Around this home

What Locals Say about Palatine

At least 542 Trulia users voted on each feature.

  • 91 % Say it's dog friendly

  • 84 % Say car is needed

  • 79 % Say parking is easy

  • 78 % Say there are sidewalks

  • 74 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 68 % Say it's quiet

  • 67 % Say people would walk alone at night

  • 63 % Say there's wildlife

  • 63 % Say streets are well-lit

  • 61 % Say yards are well-kept

  • 57 % Say it's walkable to restaurants

  • 57 % Say it's walkable to grocery stores

  • 52 % Say they plan to stay for at least 5 years

  • 51 % Say neighbors are friendly

  • 37 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kasey Egle
    "You definitely need a car to get around to most places. Some places are walkable but it is much easier to get around with a car. My commute to the city Chicago is always great and convenient using the local Palatine Metra Station."
    1
    Flag
  • Luke Fischer
    "Soccer games and walking in the park. Pickle ball under the lights. Green lawns and flowers. Downtown festivals and parades. "
    0
    Flag
  • Schaedig5
    "Lots of dogs in the neighborhood. People keep them on leashes and are always walking the sidewalks. "
    0
    Flag
  • 4h8zhsv4r2
    "Friendly neighbors and easy access to so many outdoor activities and walking paths. Golf restaurants and bars all around "
    0
    Flag
  • June Holmstrom
    "Block party, outdoor concerts, holiday parades, friendly neighbors, close to everything, excellent walkability."
    0
    Flag
  • Michael Anzalone
    "Like the forest preserve trails to walk their dog . There are a few places Togo . Also there is a mini dog Park "
    0
    Flag
  • Maryjean79
    "Lots of dog owners here and many walking paths. Most dog owners are thoughtful of other neighbors when walking their dogs "
    0
    Flag
  • Elizabeth Strong
    "Palatine has a great mix of affordable housing, including apartments, townhouses, and single-family homes. With plenty of stores, access to the highway, and multiple large forest preserves, it’s a great mix of green space and accessibility. I think our library is top-tier and there are plenty of free community activities for kids and adults. "
    0
    Flag
  • Susan S.
    "Winding streets, friendly neighbors, great schools, neighborhood Easter egg hunts , sleigh rides, and block parties! We have lived here for 25 years "
    0
    Flag
  • Everferreyra
    "Friendly family community makes it a great living place. Trails and forest preserves around the area make it a plus"
    0
    Flag
  • Kaseyegle
    "The Palatine Jaycees Festival during the 4th of July Weekend, Palatine Oktoberfest, and Town Square events. Downtown Palatine also has so many restaurants and things to enjoy."
    1
    Flag
  • Elizabeth Strong
    "Lots of people are out walking their dogs. I see people using leashes and the dogs look well-behaved"
    0
    Flag
  • Schaedig5
    "We’ve been living here for over 10 years and love that everything is so close. Safe community with great neighbors. "
    0
    Flag
  • Julia Eltringham
    "Very drivable and public transportation is available, if needed. I drive about twenty minutes to get to work"
    0
    Flag
  • Trulia User
    "I've lived in this neighborhood for 7 months and it's quite peaceful and quiet out here and it's got good proximity to marketplaces like Walmart, gas stations, schools. "
    0
    Flag
  • Jairo M.
    "Depending on where you live you may be limited to the dog. But Dog’s are welcomed and you must look after them. And The city requires you to register your dogs with a small fee. "
    8
    Flag
  • Robards3314
    "There are a lot of parks. Many people have dogs, and you se dogs around everywhere. Our neighborhood is definitely dog friendly."
    5
    Flag
  • Unjomm
    "Fireworks! Carnival! Bike show! Fresh food farm market! Easter Egg Hunting at local churches!!! Petting zoo at churches is fun! Flea market is fun too!!!!!! "
    2
    Flag
  • Unjomm
    "4th of july fireworks at the palatine park district! Carnivals for children!!! Farmer market! Bike show"
    1
    Flag
  • Haley H.
    "Everyone has dogs and everyone is friendly and says hi to each other when passing. Sjshshdjdksb sjskcksjah "
    0
    Flag
  • Laismamao
    "I see people walking their dogs all the time and dogs seem welcome in the neighborhood. There are parks around too "
    0
    Flag
  • Agjames
    "I lived here for two years. No problems at all. Decent people and Very diverse. I always felt safe no matter what time of the day. "
    0
    Flag
  • Haley H.
    "There is a farmers market on Saturday mornings and street fest in August with bands and Oktoberfest in September"
    1
    Flag
  • Jacob P.
    "Very safe, friendly families, close to main transportation and excellent schools. Highly recommend this community "
    0
    Flag
  • Patrycefenty
    "I drive my car, there are no buses around. the train station is about 15 minutes from me. There are Also no sidewalks to walk along, but there is a forest preserve near by. "
    1
    Flag
  • Rita D.
    "Everyone is friendly. Great place to raise children. There are a lot things to do in Palatine. Great parks for children and downtown Palatine is beautiful."
    0
    Flag
  • Rita D.
    "I’ve lived in Palatine for 20 years and feel safe. The neighbors are friendly and helpful and an all in all great neighborhood and great area to raise your children."
    0
    Flag
  • Tattoonams
    "I love palatine. It’s a great place to live close to train stations buses and most major stores and banks. As well as easy access to highways "
    0
    Flag
  • Rosaura8
    "Friendly and convenient and have lived here 20 years. Close proximity to major highways and stores. Close to my employer office."
    0
    Flag
  • Bacik_20
    "Taxes are outrageous, people aren’t friendly, weather is garbage, hopefully moving soon! Too many people live here as well. "
    9
    Flag
  • Rita C.
    "I think Palatine is unique in a way because it has a nice neighborhood feel to it. even walking down the street people say hi when they walk by. its cozy and comfortable and everyone is friendly. I love living here."
    0
    Flag
  • Kavita
    "This is very peaceful neighborhood with all easy approach stores parks restaurants and well maintained surroundings "
    0
    Flag
  • Gypsylee B.
    "There are plenty of things. There are neighborhood festivals. There are plenty of family owned restaurants too."
    0
    Flag
  • Kat S.
    "Don’t know public transport. Traffic sucks because of all the IL and US major roads which means they’re terribly plowed because they’re controlled my IDOT. Couple of intersections have frequent accidents. "
    2
    Flag
  • Vinodan_4
    "Schools are decent. I work nearby so commute is easy. traffic does not get too congested. In all good quiet place. "
    0
    Flag
  • Matthew H.
    "Great area to raise a family. It has always feels like Hometown, USA. I would recommend to anyone moving in the area."
    0
    Flag
  • Rupali M.
    "No interaction with neighbors and no social interaction within the society, specially the Parkside where we live."
    0
    Flag
  • Anthony P.
    "There are many families that live in the surrounding condominiuns. There are always people walking their dogs and going to the nearby "dog park" (converted tennis court)."
    0
    Flag
  • Michael K. C.
    "I drive to Waukegan every day and it’s pretty congested most days, I get stuck in traffic almost every day "
    0
    Flag
  • Maryjean79
    "I commute to another suburb. 20 minute drive. Close to major highways. You can take commuter train to downtown Chicago. "
    1
    Flag

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Apartments for Rent

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Explore by feature - Pet Friendly

33 pet-friendly rentals in Palatine, IL

Explore by feature - Garage

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Explore by feature - Outdoor Space

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Homes for sale near 550 E Carpenter Dr

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Off Market Homes Near 550 E Carpenter Dr

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Frequently asked questions about 550 E Carpenter Dr

  • What is 550 E Carpenter Dr estimated to be worth?
    Trulia's estimated value for 550 E Carpenter Dr in Palatine, IL is $574,300.
  • What is the price history for 550 E Carpenter Dr?
    550 E Carpenter Dr in Palatine, IL last sold for $315,000 in March 2017.
  • Is Palatine a buyer's or seller's market?
    Palatine is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Palatine?
    The median sale price in Palatine is $341K. That is up $40.5K from the prior month.
  • Does 550 E Carpenter Dr have air conditioning?
    Yes, 550 E Carpenter Dr in Palatine, IL has air conditioning.
  • How big is the lot at 550 E Carpenter Dr?
    The lot at 550 E Carpenter Dr in Palatine, IL is about 0.23 acres (9,856 sq ft).