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Rolling Meadows 60008
2212 Oak Lane
$395,000
● House - Off Market

2212 Oak Lane

Rolling Meadows, IL 60008
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,240 Ft²
$2,425
Est. Monthly
9.72%
Cap Rate

About This Property

Don't Miss Out On This Wonderful Opportunity! You Will Not Find More Space For The Money In This Neighborhood! A Wonderfully Maintained 4 Bedroom Colonial in Waverly Park! This Home Features: 4 Spacious Bedrooms! Beautifully Remodeled Bathrooms (2021)! Large Full Finished Basement With Rec Room Space, Workspace/Office, and Basement Half Bathroom! Other Big Ticket Items Have Been Replaced Recently Including: New Carpet and Paint in Upstairs Bedrooms (2023), Roof (2016), HVAC (2015), Water Heater (2014), Windows (2008). Located In a Wonderful Neighborhood That Is Conveniently Within Walking Distance to Waverly Park, Rolling Meadows High School, Arlington Lakes Golf Course, and More! You Will Fall In Love With This Charming Home That Has Plenty Of Living Space! Being Sold AS-IS. Check It Out Today!
Unit Size
2,240 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$179
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1972

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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 #11890843)

Price History

Date / Event Date Event Price
Dec 14, 2023 Sold
Premium
Sold
Sep 21, 2023 Listed by U.S. National Realty, Inc. $399,999
Listed by U.S. National Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,504
  • Total Building Area: 2,240
  • Gross Building Area: 2,240
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAVERLY PARK UNIT5
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (WAVERLY) (PARK) (UNIT5) SUB OF PT OF SEC 8 SEC 08-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805105

Geography

  • District: 16
  • Parcel: 08-08-205-007-0000
  • Lot: 133
  • Meridian: SEC 08 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0639
  • Longitude: -88.009

    Address

  • Full Address: 2212 Oak Ln
  • Legal Unit: 5
  • Address - House Number: 2212
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C012
  • 4-Digit Zip Code: 3438
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $835,049
  • Tax Rate Code Area: 16053

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 395,307
  • High Value: 435,275
  • Low Value: 355,338

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $68,030
  • Market Improvement Value: $251,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $6,803
  • Assessed Improvements Value: $25,197

    Sales

  • Current Sale Contract Date: Dec 08, 2023
  • Current Sale Recording Date: Dec 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13019
  • Previous Sale Recording Date: Jan 31, 2001
  • Previous Sale Contract Date: Jan 29, 2001
  • Previous Sale Amount: $245,500
  • Previous Sale Document Type: 51
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:

$350,000

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1447 ft²

Average Home Age

57.1 years

Currently For Sale

43 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 543 S Dunton Avenue, Arlington Heights, IL, 60005

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,319 ft²
543 S Dunton Avenue, Arlington Heights, IL, 60005 Listing by Meredith Crantz
Unit for rent at 101 N Yale Avenue, Arlington Heights, IL, 60005

$3,700 /mo

  • 3 Beds
  • 2 Baths
  • 2,166 ft²
101 N Yale Avenue, Arlington Heights, IL, 60005 Listing by Joanna Wieclaw

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Peter Lee, U.S. National Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11890843
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 2212 Oak Lane built and last sold?
The property at 2212 Oak Lane was built in 1972 and last sold on Dec 8, 2023 for $395,000.
How much is this home worth?
The estimated value of the home located at 2212 Oak Lane is $411,069.
What are some comparable homes to 2212 Oak Lane?
There are currently no comparable homes to 2212 Oak Lane.
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