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Rolling Meadows 60008
2405 Oak Lane
$250,500
● House - Off Market

2405 Oak Lane

Rolling Meadows, IL 60008
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,054 Ft²
$309,625
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Must see! This cozy ranch is just waiting for your interior design touch. Hardwood floors throughout the main level.  Ceiling fans in every bedroom providing ample light.  A spacious basement with plenty of storage room and future living space.  A gated backyard leading to a large 2 car garage.  Come see for yourself!
Unit Size
1,054 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$236
Property Type
House
Property Taxes
$543
HOA Dues
-
Year Built
1967

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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 #10979608)

Price History

Date / Event Date Event Price
Mar 15, 2021 Sold
Premium
Sold
Jan 26, 2021 Listed by Bowers Realty Group $249,000
Listed by Bowers Realty Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,866
  • Total Building Area: 1,054
  • Gross Building Area: 1,054
  • Building Area: 1,054
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,054
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAVERLY PARK UNIT4
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (WAVERLY)(PARK)(UNIT4) SUB OF PT OF SEC 8 INCLUDING L T A IN WAVERLY PARK UNIT 2 SUB OF PT OF SEC 5 & NH OF SEC 8 NH SEC 08-4

Neighborhood

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

Geography

  • District: 16
  • Parcel: 08-08-127-005-0000
  • Lot: 114
  • Meridian: SEC 08 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0638
  • Longitude: -88.0109

    Address

  • Full Address: 2405 Oak Ln
  • Legal Unit: 4
  • Address - House Number: 2405
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C012
  • 4-Digit Zip Code: 3441
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $788,896
  • Tax Rate Code Area: 16053

    Appraisal Valuation

  • Standard Deviation: 0.2617
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 297,375
  • High Value: 375,224
  • Low Value: 219,526

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $62,930
  • Market Improvement Value: $207,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $6,293
  • Assessed Improvements Value: $20,707

    Sales

  • Current Sale Contract Date: Mar 06, 2021
  • Current Sale Recording Date: Apr 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2109807562
  • Previous Sale Recording Date: Jun 26, 2000
  • Previous Sale Contract Date: Mar 06, 2000
  • Previous Sale Amount: $167,500
  • Previous Sale Document Type: 71

    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

$233

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1467 ft²

Average Home Age

55.3 years

Currently For Sale

46 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 10 S Dunton Avenue, Arlington Heights, IL, 60005

$2,980 /mo

  • 1 Bed
  • 1 Bath
  • 1,063 ft²
10 S Dunton Avenue #707, Arlington Heights, IL, 60005 Listing by Anna Schreck

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Henry Lloyd, Bowers Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 10979608
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 2405 Oak Lane built and last sold?
The property at 2405 Oak Lane was built in 1967 and last sold on Mar 6, 2021 for $250,500.
How much is this home worth?
The estimated value of the home located at 2405 Oak Lane is $252,704.
What are some comparable homes to 2405 Oak Lane?
There are currently no comparable homes to 2405 Oak Lane.
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