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2502 Meadow Drive

2502 Meadow Drive, Rolling Meadows, IL 60008
Property in Palatine
Refi Mar 13, 2015
Transfer
$105,000 by A & N Mortgage Services Inc
Mortgage Due Apr 01, 2035
2502 Meadow Drive has been categorized by the local assessors in Rolling Meadows, IL as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2502 Meadow Drive has 1,681 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,400 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. 2502 Meadow Drive was last assessed in 2023. The total value of the property was assessed at $28,000. Specifically, the land the property is located on was valued at $5,720. While improvements on the property were assessed at a total of $22,280. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,683. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

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: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,400
  • Total Building Area: 1,681
  • Gross Building Area: 1,681
  • Building Area: 1,681
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,681
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROLLING MEADOWS UNIT2
  • Land Acres: 0.239
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT2) SUB IN SH SEC 25-42-10

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-25-406-002-0000
  • Lot: 305
  • Meridian: SEC 25 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0837
  • Longitude: -88.012

    Address

  • Full Address: 2502 Meadow Dr
  • Legal Unit: 2
  • Address - House Number: 2502
  • Address - Street Name: Meadow
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C002
  • 4-Digit Zip Code: 1551
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,683
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2315
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 338,533
  • High Value: 416,916
  • Low Value: 260,150

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $105,000
  • First Open Lien Mortgage Lender: A & N MORTGAGE SERVICES INC
  • First Open Lien Mortgage Recording Date: Mar 13, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $105,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2035

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $57,200
  • Market Improvement Value: $222,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $5,720
  • Assessed Improvements Value: $22,280

About Rolling Meadows



Similar Buildings

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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$1,617 /mo

  • 2 Beds
  • 2 Baths
  • 1,318 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 2502 Meadow Drive located in?
The 2502 Meadow Drive is a located in the neighborhood of Palatine in Rolling Meadows, Rolling Meadows.
What is the average sales price for listings in 2502 Meadow Drive?
The average sales price for units in 2502 Meadow Drive is $0 currently.

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