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Hoffman Estates 60169
1350 Meyer Road
$461,225
● House - Off Market

1350 Meyer Road

Hoffman Estates, IL 60169
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,592 Ft²
$443,548
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Enter through the front door to the spacious foyer. Upstairs the main floor has hardwood floors in the open living room, dining room and 3 bedrooms.  The lower level has 2 more bedrooms, a bonus room and laundry room not to mention the large family room with wood burning fireplace and walk out to the fenced yard.  Attached 2 car garage has lots of custom shelving and pull down lighted attic.  Leaf guard system installed and newer patio lighting.  A concrete patio and landscaping is a great place to entertain.  This lovely 5 bedroom home is just a couple blocks to the grade school. This home held in trust is being sold as-is.
Unit Size
2,592 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
1971

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11436863)

Price History

Date / Event Date Event Price
Aug 11, 2022 Sold
Premium
Sold
Jun 16, 2022 Listed by Realty Executives Advance $429,000
Listed by Realty Executives Advance

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,750
  • Total Building Area: 1,511
  • Gross Building Area: 1,511
  • Building Area: 1,511
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,511
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLANDS WEST AT HOFFMAN ESTATES XXVIII
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HIGHLANDS) (WEST) AT (HOFFMAN) ESTATES (XXVIII) SUB OF PT SH SEC8 & PT NE SEC17 SH SEC 08-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804705

Geography

  • District: 35
  • Parcel: 07-08-418-029-0000
  • Block: 229
  • Lot: 29
  • Meridian: SEC 08 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0505
  • Longitude: -88.1181

    Address

  • Full Address: 1350 Meyer Rd
  • Address - House Number: 1350
  • Address - Street Name: Meyer
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C021
  • 4-Digit Zip Code: 1220
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $856,594
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.223
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 436,013
  • High Value: 533,250
  • Low Value: 338,775

    Market Valuation

  • Market Total Value: $350,010
  • Market Land Value: $65,630
  • Market Improvement Value: $284,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,001
  • Assessed Land Value: $6,563
  • Assessed Improvements Value: $28,438

    Sales

  • Current Sale Contract Date: Jul 18, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 12035
  • Previous Sale Recording Date: May 09, 2018
  • Previous Sale Contract Date: Apr 27, 2018
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hoffman Estates

Stats & Trends

Median Asking:

$415,000

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1594 ft²

Average Home Age

44.3 years

Currently For Sale

80 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2010 Carleton Road, Hoffman Estates, IL, 60169

$3,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,644 ft²
2010 Carleton Road, Hoffman Estates, IL, 60169 Listing by Judi Rentas
Unit for rent at 752 N Brookdale Drive, Schaumburg, IL, 60194

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,236 ft²
752 N Brookdale Drive, Schaumburg, IL, 60194 Listing by Aleksandr Katsman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Janice Fitzpatrick, Realty Executives Advance
Last Updated: 3 years ago
Data Source: MRED, MLS# 11436863
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1350 Meyer Road built and last sold?
The property at 1350 Meyer Road was built in 1971 and last sold on Jul 18, 2022 for $461,500.
How much is this home worth?
The estimated value of the home located at 1350 Meyer Road is $0.
What are some comparable homes to 1350 Meyer Road?
There are currently no comparable homes to 1350 Meyer Road.
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