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Rolling Meadows 60008
2501 Willow Lane
$265,000
● House - Off Market

2501 Willow Lane

Rolling Meadows, IL 60008
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$315,014
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Come check out this fantastic split level home located within walking minutes of Rolling Meadows High School.    Featuring 3 Bedrooms + 1 Sub Level, 2 Bathrooms, and 2 Great living spaces. This home is ready for its next owner.  This home is being sold by the original owner. It is incredibly clean and ready for its next owner to give it the love that it deserves.     With a New Roof, New Furnace, and updated appliances, this one can be yours today ready for you and the whole family.     With a large living areas and a basement with a fireplace, there is plenty of room to entertain guests and for you to feel right at home.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$280
Property Type
House
Property Taxes
$191
HOA Dues
-
Year Built
1965

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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 #11199598)

Price History

Date / Event Date Event Price
Oct 29, 2021 Sold
Premium
Sold
Aug 25, 2021 Listed by Century 21 1st Class Homes $279,900
Listed by Century 21 1st Class Homes

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 3
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 988
  • Gross Building Area: 988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAVERLY PARK UNIT6
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (WAVERLY) PARK (UNIT6) SUB OF PT SEC 08-41-11

Neighborhood

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

Geography

  • District: 16
  • Parcel: 08-08-129-010-0000
  • Lot: 184
  • Meridian: SEC 08 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0629
  • Longitude: -88.0115

    Address

  • Full Address: 2501 Willow Ln
  • Legal Unit: 6
  • Address - House Number: 2501
  • Address - Street Name: Willow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C012
  • 4-Digit Zip Code: 3457
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $630,551
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 16053

    Appraisal Valuation

  • Standard Deviation: 0.2358
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 307,635
  • High Value: 380,183
  • Low Value: 235,087

    Market Valuation

  • Market Total Value: $252,520
  • Market Land Value: $62,400
  • Market Improvement Value: $190,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,252
  • Assessed Land Value: $6,240
  • Assessed Improvements Value: $19,012

    Sales

  • Current Sale Contract Date: Oct 21, 2021
  • Current Sale Recording Date: Nov 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2132210032

    Financing

  • First Mortgage Financing Type: UNK
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:

$356,995

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1472 ft²

Average Home Age

51.3 years

Currently For Sale

38 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

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MRED

Listed by: Mike DeWyze, Century 21 1st Class Homes
Last Updated: 3 years ago
Data Source: MRED, MLS# 11199598
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 2501 Willow Lane built and last sold?
The property at 2501 Willow Lane was built in 1965 and last sold on Oct 21, 2021 for $265,000.
How much is this home worth?
The estimated value of the home located at 2501 Willow Lane is $281,344.
What are some comparable homes to 2501 Willow Lane?
There are currently no comparable homes to 2501 Willow Lane.
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