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Rolling Meadows 60008
2304 School Drive
$280,000
● House - Off Market

2304 School Drive

Rolling Meadows, IL 60008
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,571 Ft²
$2,183
Est. Monthly
12.27%
Cap Rate

About This Property

** Charming 3-4 Bedroom Ranch with a Flexible Floor Plan ** Currently set up as a 4-bedroom Layout, this Home offers Versatility ** You could easily convert it to a 3-bedroom with an Extended Primary Suite and Sitting Area, or utilize the Space as 3 Bedrooms with 2 Family Rooms ** Ideal for In-law Arrangements ** 3-car Garage, providing Ample Space for 2 Vehicles and an Additional Stall for Storage or Workshop ** Roof on Home - 2017 ** Hot Water Heater - 2021 ** Hall Bath updated - 2021 ** Deck - 2014 ** A very Nice Home with Endless Possibilities ** Needs TLC, being sold As Is **
Unit Size
1,571 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$188
Property Type
House
Property Taxes
$734
HOA Dues
-
Year Built
1955

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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 #12004611)

Price History

Date / Event Date Event Price
Apr 25, 2024 Sold
Premium
Sold
Mar 13, 2024 Listed by RE/MAX At Home $295,000
Listed by RE/MAX At Home

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 11,328
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,571
  • Gross Building Area: 1,571
  • Building Area: 1,571
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,571
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT3
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT3) SUB IN SH SEC 25-42-10

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-25-306-002-0000
  • Lot: 595
  • Meridian: SEC 25 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0858
  • Longitude: -88.0167

    Address

  • Full Address: 2304 School Dr
  • Legal Unit: 3
  • Address - House Number: 2304
  • Address - Street Name: School
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C020
  • 4-Digit Zip Code: 1508
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $880,501
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2258
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 354,035
  • High Value: 433,999
  • Low Value: 274,071

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $62,300
  • Market Improvement Value: $237,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $6,230
  • Assessed Improvements Value: $23,770

    Sales

  • Current Sale Contract Date: Nov 14, 2005
  • Current Sale Recording Date: Dec 08, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 0534249153
  • Previous Sale Recording Date: Jan 05, 2005
  • Previous Sale Contract Date: Dec 10, 2004
  • Previous Sale Amount: $265,000
  • Previous Sale Document Type: 40
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 1525 N Patton Avenue, Arlington Heights, IL, 60004

$3,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,302 ft²
1525 N Patton Avenue, Arlington Heights, IL, 60004 Listing by Caroline Starr
Unit for rent at 207 N Wilke Road, Palatine, IL, 60074

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,500 ft²
207 N Wilke Road, Palatine, IL, 60074 Listing by Sunil Gupta

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Niki Metropoulos, RE/MAX At Home
Last Updated: 3 years ago
Data Source: MRED, MLS# 12004611
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 2304 School Drive built and last sold?
The property at 2304 School Drive was built in 1955 and last sold on Nov 14, 2005 for $310,000.
How much is this home worth?
The estimated value of the home located at 2304 School Drive is $0.
What are some comparable homes to 2304 School Drive?
There are currently no comparable homes to 2304 School Drive.
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