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Geneva 60134
1506 Meadows Road
$443,000
● House - Off Market

1506 Meadows Road

Geneva, IL 60134
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,413 Ft²
$2,687
Est. Monthly
5.93%
Cap Rate

About This Property

IMPECCABLE Geneva ranch!!  Enjoy the tasteful decor & desirable, open floor plan.  Generous Kitchen with white cabinetry & solid surface countertops - subway tile backsplash & stainless steel appliance package.  Comfortable Living Room with oversized windows (backyard views) & luxury vinyl floors.  3 Bedrooms - updated bathrooms.  Fully excavated basement with large Family/Rec Room - bar area with SS beverage refrigerator.  2 generous storage areas - one of the areas is set up as a gym/exercise area.  Large 2-car garage (attached) with service door to backyard.  The backyard is a very nice size & is fully fenced.  Extensive updates & upgrades throughout:  New windows (2022), interior doors (2020), water heater (2020), sump pumps (2) (2020).  37+ Page eBrochure.
Unit Size
1,413 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$293
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11957108)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Jan 10, 2024 Listed by eXp Realty, LLC - St. Charles $413,500
Listed by eXp Realty, LLC - St. Charles

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,413
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 10,075
  • Total Building Area: 2,826
  • Gross Building Area: 2,826
  • Building Area: 1,413
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,413
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GENEVA GARDENS
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: 9 DENS

Neighborhood

  • School District Name: Geneva Community Unit School District 304
  • Census Tract: 852606

Geography

  • Parcel: 12-10-355-009
  • Lot: 9
  • Municipality: GENEVA
  • Latitude: 41.8718
  • Longitude: -88.3168

    Address

  • Full Address: 1506 Meadows Rd
  • Address - House Number: 1506
  • Address - Street Name: Meadows
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Geneva
  • Carrier Code: C010
  • 4-Digit Zip Code: 3320
  • Zip Code: 60134

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $787,142
  • Tax Rate Code Area: GE005

    Appraisal Valuation

  • Standard Deviation: 0.149
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 409,284
  • High Value: 445,470
  • Low Value: 373,097

    Market Valuation

  • Market Total Value: $300,942
  • Market Land Value: $90,027
  • Market Improvement Value: $210,915

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,274
  • Assessed Land Value: $29,997
  • Assessed Improvements Value: $70,277

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 23, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7386
  • Previous Sale Recording Date: Feb 26, 2020
  • Previous Sale Contract Date: Feb 11, 2020
  • Previous Sale Amount: $289,500
  • Previous Sale Document Type: 27
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 Geneva

Stats & Trends

Median Asking:

$505,000

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2057 ft²

Average Home Age

51.5 years

Currently For Sale

47 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 725 Stevens Street, Geneva, IL, 60134

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
725 Stevens Street, Geneva, IL, 60134 Listing by Sarah Leonard
Unit for rent at 2268 Vanderbilt Drive, Geneva, IL, 60134

$2,550 /mo

  • 2 Beds
  • 2 Baths
  • 1,466 ft²
2268 Vanderbilt Drive #2268, Geneva, IL, 60134 Listing by Christine Coleman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jay Rodgers, eXp Realty, LLC - St. Charles
Last Updated: 3 years ago
Data Source: MRED, MLS# 11957108
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 1506 Meadows Road built and last sold?
The property at 1506 Meadows Road was built in 1962 and last sold on Feb 23, 2024 for $443,000.
How much is this home worth?
The estimated value of the home located at 1506 Meadows Road is $0.
What are some comparable homes to 1506 Meadows Road?
There are currently no comparable homes to 1506 Meadows Road.
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