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Rolling Meadows 60008
2507 MEADOW Drive
$216,000
● House - Off Market

2507 MEADOW Drive

Rolling Meadows, IL 60008
bedrooms
2 Beds
bathrooms
1 Bath
square feet
861 Ft²
$249,744
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Move-in condition 2 bedroom-1Bath w/ awesome detached garage and huge yard! Well cared for Rolling Meadows ranch style home in a sweet location. Newer engineered hardwoods flooring throughout, nice kitchen w/ new subway tile backsplash, ss appliances and fresh paint throughout. Refreshed 4-piece bath with new tile and fixtures. The eat-in kitchen is decorated in a retro style. Very large over-sized lot, big yard out back! Convenient Rolling Meadows location right off of Route 53, close to the train and near all kinds of shopping opportunities. Single Family living for the price of a condo. Enjoy affordable living in an ultra convenient location with low taxes! Come see this one right away.
Unit Size
861 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$256
Property Type
House
Property Taxes
$365
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 #11165155)

Price History

Date / Event Date Event Price
Sep 15, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by Compass $220,000
Listed by Compass

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,020
  • Total Building Area: 861
  • Gross Building Area: 861
  • Building Area: 861
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 861
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT3
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • 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: 02-25-411-050-0000
  • Lot: 482
  • Meridian: SEC 25 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0839
  • Longitude: -88.0127

    Address

  • Full Address: 2507 Meadow Dr
  • Legal Unit: 3
  • Address - House Number: 2507
  • Address - Street Name: Meadow
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C002
  • 4-Digit Zip Code: 1550
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $645,719
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2423
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 261,496
  • High Value: 324,864
  • Low Value: 198,128

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $55,110
  • Market Improvement Value: $164,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $5,511
  • Assessed Improvements Value: $16,489

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2126507218
  • Previous Sale Recording Date: Oct 15, 2013
  • Previous Sale Contract Date: Oct 03, 2013
  • Previous Sale Document Type: 64

    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:

$350,000

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1402 ft²

Average Home Age

52.4 years

Currently For Sale

40 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 77 S Evergreen Avenue, Arlington Heights, IL, 60005

$2,350 /mo

  • 1 Bed
  • 1 Bath
  • 804 ft²
77 S Evergreen Avenue #407, Arlington Heights, IL, 60005 Listing by Marianne Daly
Unit for rent at 1015 N Fernandez Avenue, Arlington Heights, IL, 60004

$2,700 /mo

  • 4 Beds
  • 1 Bath
  • 1,300 ft²
1015 N Fernandez Avenue, Arlington Heights, IL, 60004 Listing by Melissa Craig

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Chris Bauer, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11165155
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 2507 Meadow Drive built and last sold?
The property at 2507 Meadow Drive was built in 1955 and last sold on Sep 14, 2021 for $216,000.
How much is this home worth?
The estimated value of the home located at 2507 Meadow Drive is $0.
What are some comparable homes to 2507 Meadow Drive?
There are currently no comparable homes to 2507 Meadow Drive.
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