$645,700
- 4 Beds
- 2.5 Baths
- 2,408 sqft
551 S Echo Ln, Palatine, IL 60067
Currently Off Market - Sold Mar 30, 2021 for $397,500
Home Value
Trulia Estimate
$646KSince last month
Decreased$500 (-0.1%)Since last year
Increased$36K (+5.8%)Since last sale
Increased$248K (+62.4%)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 +51% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $646K |
| August 2026 | $644K |
| July 2026 | $646K |
| June 2026 | $666K |
| May 2026 | $666K |
| April 2026 | $647K |
| March 2026 | $632K |
| February 2026 | $599K |
| January 2026 | $597K |
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 |
|---|---|---|---|---|---|---|---|
0.08 | Single-Family Home | $532,500 | 11/25/25 | 3 | 2.5 | 2,053 | |
0.10 | Single-Family Home | $740,000 | 06/08/26 | 4 | 2.5 | 2,544 | |
0.17 | Single-Family Home | $600,000 | 10/01/25 | 4 | 2.5 | 2,050 | |
0.08 | Single-Family Home | $726,000 | 05/15/26 | 4 | 3.5 | 2,200 | |
0.25 | Single-Family Home | $495,000 | 11/24/25 | 4 | 2.5 | 1,863 | |
0.22 | Single-Family Home | $565,000 | 03/20/26 | 4 | 2.5 | 1,866 | |
0.28 | Single-Family Home | $560,000 | 01/16/26 | 4 | 2.5 | 2,872 | |
0.21 | Single-Family Home | $365,000 | 07/30/26 | 3 | 2 | 1,887 | |
0.31 | Single-Family Home | $500,000 | 01/16/26 | 4 | 3 | 2,000 | |
0.26 | Single-Family Home | $490,000 | 07/10/26 | 4 | 2 | 1,368 |
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 |
|---|---|---|---|---|---|---|
0.05 | $630,700 | 4 | 2.5 | 2,366 | Off Market | |
0.02 | $659,000 | 5 | 2.5 | 2,415 | Off Market | |
0.09 | $1,359,000 | 6 | 3 | 4,463 | For Sale | |
0.08 | $768,700 | 4 | 2.5 | 3,188 | Off Market | |
0.11 | $1,020,100 | 5 | 3 | 4,427 | Off Market | |
0.10 | $609,800 | 4 | 2.5 | 2,088 | Off Market | |
0.08 | $532,500 | 3 | 2.5 | 2,053 | Recently Sold | |
0.08 | $726,000 | 4 | 3.5 | 2,200 | Recently Sold | |
0.10 | $740,000 | 4 | 2.5 | 2,544 | Recently Sold | |
0.11 | $635,000 | 4 | 2.5 | 1,863 | Off Market | |
0.16 | $720,000 | 5 | 2.5 | 2,720 | Off Market | |
0.16 | $845,500 | 5 | 2.5 | 3,569 | Off Market |
Local Information
-- mins to
Home Highlights
Single-Family Home
Built in 1968
2,408 sqft
$268/sqft
Garage
About this House
Excellent home, close to great schools, parks, shopping etc. Quiet, friendly neighborhood on a safe non-thoroughfare street. This home has been loved and well maintained for 50 years. Many upgrades and additions have been made. The kitchen has been expanded and remodeled. The windows are thermal pane with blinds between the glass. All door knobs have been replaced with handles. A gas powered backup generator and back up sump pump have been added to provide peace of mind and comfort. An external electrical outlet has been installed for an RV hookup. A new paver brick patio and walkways have been installed to beautify the yard and create a welcoming environment for you and your guests enjoyment. The original concrete garage floor and driveway have been removed and new concrete poured with and extra 1" over standard depth. The garage walls have been enclosed with water resistant coated drywall to provide protection similar to commercial kitchens. This home has great features beside the good bones it was built with. Come and see everything not mentioned that will convince you to move in ASAP.
551 S Echo Ln, Palatine, IL 60067 is a 4 bedroom, 3 bathroom, 2,408 sqft single-family home built in 1968. It last sold for $397,500 on Mar 30, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $645,700, with a rent estimate of $3,941/month.
Home Details for 551 S Echo Ln
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Interior Details BasementNumber of Rooms: 8Types of Rooms: Walk In Closet, Dining Room |
Heating & Cooling Heating: GasHeating Fuel: Gas |
Appliances & Utilities Cable ReadyDishwasherMicrowaveRefrigerator |
Fireplace & Spa Fireplace |
Levels, Entrance, & Accessibility Floors: Tile, Carpet, Hardwood |
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Exterior Home Features Roof: Asphalt, OtherExterior: Shingle Not Wood, Vinyl, BrickPatio |
Parking & Garage GarageParking Spaces: 2Parking: Garage Attached |
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Year Built Year Built: 1968 |
Property Type / Style Property Type: Single Family HomeArchitecture: split level |
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Units in Building: 1 |
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Lot Area: 9278 sqft |
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Fitness & Sports Tennis Court |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Mar 30, 2021 Source: MRED as distributed by MLS GRID #11038281 | Sold | $397,500 |
Jun 9, 2018 Source: N/A | ListingRemoved | $398,900 |
May 28, 2018 Source: N/A | Listed For Sale | $398,900 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2024 | Unavailable | $397,500 |
Home facts updated by county records
Market trends in Palatine
Last updated July 2026
Avg. sale price
$370K
$29.17KMoM
Sale-to-List Price
100.7%
0.4%MoM
Price per sq ft
$246
$8MoM
Available listings
219
2MoM
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 551 S Echo Ln
- What is 551 S Echo Ln estimated to be worth?Trulia's estimated value for 551 S Echo Ln in Palatine, IL is $645,700.
- What is the price history for 551 S Echo Ln?551 S Echo Ln in Palatine, IL last sold for $397,500 in March 2021.
- 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 $370K. That is up $29.17K from the prior month.
- How big is the lot at 551 S Echo Ln?The lot at 551 S Echo Ln in Palatine, IL is about 0.21 acres (9,300 sq ft).
- Does 551 S Echo Ln have a garage?Yes, 551 S Echo Ln in Palatine, IL has a garage.

