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Rolling Meadows 60008
2019 Martin Lane
$256,000
● House - Off Market

2019 Martin Lane

Rolling Meadows, IL 60008
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,150 Ft²
$267,783
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

PRICED TO SELL!!! 3 BEDROOM 1 BATH RANCH IN THE HEART OF ROLLING MEADOWS -- NEW VINYL PLANK FLOORING THROUGHOUT (2022), FRESHLY PAINTED (2022), NEWER GARAGE (2016), HVAC (2020), ROOF (2018), ELECRIC/PLUMBING (2007), ETC.  HOME ALSO HAS HAD PLUMBING CLEAN OUT INSTALLED IN FRONT YARD AS WELL AS CRAWL SPACE ENCAPSULATION IN CRAWL.  CONVIENTLY LOCATED JUST BLOCKS FROM ALL SCHOOLS (Grammar, Jr., & High School). HUGE LOT NEEDS SOME FINAL TOUCHES BUT YOU WON'T FIND A HOME WITH THIS TYPE OF POTENTIAL OUT THERE! QUICK CLOSE POSSIBLE!!! THIS HOME IS NOT A FORECLOSURE OR SHORTSALE ..... JUST AND EXTREMELY GREAT DEAL!!!
Unit Size
1,150 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$225
Property Type
House
Property Taxes
$473
HOA Dues
-
Year Built
1962

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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 #11456998)

Price History

Date / Event Date Event Price
Aug 3, 2022 Sold
Premium
Sold
Jul 9, 2022 No longer available -
No longer available
Jul 7, 2022 Listed by Dream Town Realty $259,000
Listed by Dream Town Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,080
  • Gross Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT19
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT19) SUB IN PT OF NE SEC 36-42-10

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804000

Geography

  • District: 29
  • Parcel: 02-36-217-016-0000
  • Lot: 2680
  • Meridian: SEC 36 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0741
  • Longitude: -88.0073

    Address

  • Full Address: 2019 Martin Ln
  • Legal Unit: 19
  • Address - House Number: 2019
  • Address - Street Name: Martin
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C008
  • 4-Digit Zip Code: 2743
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $704,427
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2423
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 301,494
  • High Value: 374,554
  • Low Value: 228,434

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $42,900
  • Market Improvement Value: $197,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $4,290
  • Assessed Improvements Value: $19,710

    Sales

  • Current Sale Contract Date: Aug 03, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12038
  • Previous Sale Recording Date: Sep 23, 2021
  • Previous Sale Contract Date: Sep 10, 2021
  • Previous Sale Amount: $212,000
  • 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 Rolling Meadows

Stats & Trends

Median Asking:

$354,750

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1396 ft²

Average Home Age

51 years

Currently For Sale

41 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 1702 W Oakton Street, Arlington Heights, IL, 60004

$2,800 /mo

  • 3 Beds
  • 1 Bath
1702 W Oakton Street, Arlington Heights, IL, 60004 Listing by Malgorzata Maslowski
Unit for rent at 805 N Mitchell Avenue, Arlington Heights, IL, 60004

$2,850 /mo

  • 2 Beds
  • 1 Bath
  • 1,032 ft²
805 N Mitchell Avenue, Arlington Heights, IL, 60004 Listing by Kelly Baysinger

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Maureen Frederick, Dream Town Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11456998
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 2019 Martin Lane built and last sold?
The property at 2019 Martin Lane was built in 1962 and last sold on Aug 3, 2022 for $256,000.
How much is this home worth?
The estimated value of the home located at 2019 Martin Lane is $0.
What are some comparable homes to 2019 Martin Lane?
There are currently no comparable homes to 2019 Martin Lane.
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