Check Availability
Rolling Meadows 60008
2503 School Drive
$480,000
● House - In Contract

2503 School Drive

Rolling Meadows, IL 60008
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,884 Ft²
Upcoming Open House
11AM - 1PM, Sat, Nov 14 -
Book now
$3,036
Est. Monthly

About This Property

FIVE BEDROOMS, EXTENSIVE UPDATES & A SPACIOUS YARD!  Welcome to 2503 School Drive in Rolling Meadows! Offering an exceptional combination of space, versatility, and valuable updates, this spacious raised ranch features 5 bedrooms, 2 full bathrooms, and an attached 2.5-car garage-a rare find with room to grow, work, entertain, and enjoy. A standout feature is the large, private, fenced backyard, offering plenty of room for outdoor entertaining, summer barbecues, gardening, pets, and play. Major exterior improvements include a new roof, siding and gutters (with gutter guards) in 2021. New windows in 2023. An updated furnace and air conditioning in 2023, and new water heater in 2024 add even more value and peace of mind. Inside, the upper level welcomes you with hardwood floors throughout, three generously sized bedrooms, a full bathroom, a spacious living room, and a separate dining room. The updated kitchen features granite countertops, abundant cabinetry, stainless steel appliances, and a convenient breakfast bar-creating a functional space for everyday living and gathering with family and friends. New gas range and dishwasher in 2023, and new washer and gas dryer in 2022.  The versatile lower level expands your living space with two additional bedrooms, a full bathroom, and an oversized family room featuring a cozy gas fireplace. Enjoy an outstanding location close to everything! Just blocks away you'll find Kimball Hill Park, Florey Park, a walking trail, Kimball Hill Elementary, and the Rolling Meadows Shopping Center. The Arlington Park Metra station is minutes away, with convenient access to Routes 53 and 90 and a wide variety of restaurants, shopping, and entertainment in Rolling Meadows, Arlington Heights, and Schaumburg within easy reach.    With five bedrooms, generous living space, a large backyard, and significant updates already completed, this home offers an outstanding opportunity to enjoy comfort, convenience, and versatility in a desirable Rolling Meadows neighborhood.
Unit Size
1,884 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$255
Property Type
House
Property Taxes
$679
HOA Dues
-
Year Built
1965

Listed By

Payment Calculator

Cap Rate Calculator

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Concrete, Garage Door Opener, Garage, Attached, Yes
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
Flooring Type: Hardwood
Laundry Features: Gas Dryer Hookup, Laundry Closet
Rooms: 10
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 1
Basement: None
Exterior Details
Square Footage: 1884
Square Footage Source: $0
Architectural Style: Ranch, Raised Ranch
Year Built: 1964
Other Structures: Shed(s)
Window Features: Screens
Construction Materials: Vinyl Siding, Brick
Patio and Porch Features: Deck, Patio
Lot Features: Wooded
Lot Size Area: 11769.912
Lot Size Units: Square Feet
Lot Size Acres: 0.2702
Lot Size Square Feet: 11769.912
Lot Size Dimensions: 65 X 170
Water Source: Lake Michigan
Financial Details
Tax Annual Amount: $8,144
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,770
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,180
  • Gross Building Area: 1,180
  • Building Area: 1,180
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,180
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RESUBDIVISION OF PT OF LT J IN ROLLING
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (RESUBDIVISION) OF PT OF LT J IN ROLLING MEADOWS UNIT FOUR IN PT NH SEC 36 & PT SH SEC 25-42-10

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-25-308-022-0000
  • Lot: J
  • Meridian: SEC 25 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0836
  • Longitude: -88.0179

    Address

  • Full Address: 2503 School Dr
  • Legal Unit: 4
  • Address - House Number: 2503
  • Address - Street Name: School
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C020
  • 4-Digit Zip Code: 1720
  • Zip Code: 60008

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 355,714
  • High Value: 436,938
  • Low Value: 274,490

    Market Valuation

  • Market Total Value: $300,010
  • Market Land Value: $64,740
  • Market Improvement Value: $235,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,001
  • Assessed Land Value: $6,474
  • Assessed Improvements Value: $23,527

    Sales

  • Current Sale Contract Date: Apr 14, 2020
  • Current Sale Recording Date: Jun 08, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016057137
  • Previous Sale Recording Date: Jul 11, 2017
  • Previous Sale Contract Date: Jun 30, 2017
  • Previous Sale Amount: $274,000
  • 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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rolling Meadows


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2460 Benton Street, Rolling Meadows, IL, 60008

$3,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,615 ft²
2460 Benton Street, Rolling Meadows, IL, 60008 Listing by Michael Mandile
Unit for rent at 1702 W Oakton Street, Arlington Heights, IL, 60004

$2,600 /mo

  • 3 Beds
  • 1 Bath
1702 W Oakton Street, Arlington Heights, IL, 60004 Listing by Malgorzata Maslowski
Unit for rent at 2206 Oak Lane, Rolling Meadows, IL, 60008

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,179 ft²
2206 Oak Lane, Rolling Meadows, IL, 60008 Listing by Megan Campbell Barnitz


Frequently Asked Questions

When was property at 2503 School Drive built and last sold?
The property at 2503 School Drive was built in 1965 and last sold on Apr 14, 2020 for $291,000.
How much is this home worth?
The estimated value of the home located at 2503 School Drive is $484,800.
What are some comparable homes to 2503 School Drive?
There are currently no comparable homes to 2503 School Drive.