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Rolling Meadows 60008
2507 Park Street
$295,000
● House - Off Market

2507 Park Street

ROLLING MEADOWS, IL 60008
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$480,029
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

New Construction on Existing Footprint,Includes Heated 3 car garage! Incredible Opportunity! Upgrades Galore! Seller Spared No Expense on this home . Bright and Airy Floorplan Features Gleaming Hardwood Floors in living Room,Family Room and Foyer, Neutral  Paint, White Trim,! Family Room with Wall of Windows , Tons of Natural Light! Eat-In Kitchen has an Abundance of Cabinetry, Granite Countertops, and Stainless Steel Appliances! Thermopane Windows;New Side Entry Door;Extra Large Lot is 160 Ft Deep! A Perfect Opportunity To Move Right In & Begin Living! One Year Warranty on Plumbing & Electricals, Manufactures Warranty on All Appliances except w&d
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1955

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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 #09589042)

Price History

Date / Event Date Event Price
Jun 12, 2017 Sold
Premium
Sold
Apr 8, 2017 Listed by RE/MAX Suburban $299,000
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,202
  • Lot Size Depth Feet: 1,860
  • Lot Size Frontage Feet: 590
  • Total Building Area: 1,627
  • Gross Building Area: 1,627
  • Building Area: 1,627
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,627
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT5
  • Land Acres: 0000000257
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT5) SUB OF PT OF NH SEC 36-42-10

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-36-210-014-0000
  • Lot: 930
  • Meridian: SEC 36 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0783
  • Longitude: -88.0132

    Address

  • Full Address: 2507 Park St
  • Legal Unit: 5
  • Address - House Number: 2507
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C027
  • 4-Digit Zip Code: 1836
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $751,238
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2258
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 363,139
  • High Value: 445,160
  • Low Value: 281,119

    Market Valuation

  • Market Total Value: $255,960
  • Market Land Value: $61,610
  • Market Improvement Value: $194,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,596
  • Assessed Land Value: $6,161
  • Assessed Improvements Value: $19,435

    Sales

  • Current Sale Contract Date: Jun 12, 2017
  • Current Sale Recording Date: Jun 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1716418070
  • Previous Sale Recording Date: Feb 29, 2016
  • Previous Sale Contract Date: Dec 14, 2015
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: 71
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:

$354,750

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1361 ft²

Average Home Age

52.8 years

Currently For Sale

41 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 543 S Dunton Avenue, Arlington Heights, IL, 60005

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,319 ft²
543 S Dunton Avenue, Arlington Heights, IL, 60005 Listing by Meredith Crantz
Unit for rent at 101 N Yale Avenue, Arlington Heights, IL, 60005

$3,700 /mo

  • 3 Beds
  • 2 Baths
  • 2,166 ft²
101 N Yale Avenue, Arlington Heights, IL, 60005 Listing by Joanna Wieclaw

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 09589042
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 Park Street built and last sold?
The property at 2507 Park Street was built in 1955 and last sold on Jun 12, 2017 for $295,000.
How much is this home worth?
The estimated value of the home located at 2507 Park Street is $0.
What are some comparable homes to 2507 Park Street?
There are currently no comparable homes to 2507 Park Street.
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