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Rolling Meadows 60008
2300 Meadow Drive
$205,000
● House - Off Market

2300 Meadow Drive

ROLLING MEADOWS, IL 60008
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
861 Ft²
$316,896
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Wonderful opportunity! This darling 2 bedroom, 1.5 bath sits on a gorgeous large lot. Landscaped with seasoned perennials in a quiet neighborhood.  Starting out or scaling down, this charming ranch won`t last long! Close to Metra, Arlington Heights and shopping facilities. Being sold "As Is".   A little updating can bring great returns!
Unit Size
861 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$231
Property Type
House
Property Taxes
$167
HOA Dues
-
Year Built
1955

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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 #09709648)

Price History

Date / Event Date Event Price
Sep 14, 2017 Sold
Premium
Sold
Aug 2, 2017 Listed by @properties $199,000
Listed by @properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 24
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,865
  • Total Building Area: 861
  • Gross Building Area: 861
  • Building Area: 861
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 861
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT2
  • Land Acres: 0000000249
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT2) SUB IN SH SEC 25-42-10

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803902

Geography

  • District: 29
  • Parcel: 02-25-404-004-0000
  • Block: 1
  • Lot: 395
  • Meridian: SEC 25 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0858
  • Longitude: -88.0102

    Address

  • Full Address: 2300 Meadow Dr
  • Legal Unit: 2
  • Address - House Number: 2300
  • Address - Street Name: Meadow
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C002
  • 4-Digit Zip Code: 1547
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $675,042
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2358
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 280,182
  • High Value: 346,256
  • Low Value: 214,108

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $59,760
  • Market Improvement Value: $170,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $5,976
  • Assessed Improvements Value: $17,024

    Sales

  • Current Sale Contract Date: Mar 15, 2021
  • Current Sale Recording Date: Apr 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2109920133
  • Previous Sale Recording Date: Sep 14, 2017
  • Previous Sale Contract Date: Sep 11, 2017
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

$235

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1412 ft²

Average Home Age

52.7 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 77 S Evergreen Avenue, Arlington Heights, IL, 60005

$2,350 /mo

  • 1 Bed
  • 1 Bath
  • 804 ft²
77 S Evergreen Avenue #407, Arlington Heights, IL, 60005 Listing by Marianne Daly
Unit for rent at 1015 N Fernandez Avenue, Arlington Heights, IL, 60004

$2,700 /mo

  • 4 Beds
  • 1 Bath
  • 1,300 ft²
1015 N Fernandez Avenue, Arlington Heights, IL, 60004 Listing by Melissa Craig

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 09709648
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 2300 Meadow Drive built and last sold?
The property at 2300 Meadow Drive was built in 1955 and last sold on Mar 15, 2021 for $244,000.
How much is this home worth?
The estimated value of the home located at 2300 Meadow Drive is $0.
What are some comparable homes to 2300 Meadow Drive?
There are currently no comparable homes to 2300 Meadow Drive.
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