For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Rolling Meadows 60008
2702 School Drive
$356,000
● House - Off Market

2702 School Drive

Rolling Meadows, IL 60008
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,883 Ft²
$338,873
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Come see how much space this Ranch home has to offer.  Bright kitchen with sliding glass doors that lead to backyard. Master bedroom with private bath, vaulted ceiling and walk in closet. Bonus room off of kitchen. If you are looking for an in law arrangement, this home has it.  Separate area with bedroom, full bath, kitchen and family room. Washer AS IS. This home is perfect for the growing family. Close to shopping, schools, parks and expressway.
Unit Size
1,883 Ft²
Days on Market
-
Land Size
-
Price per sqft
$181
Property Type
House
Property Taxes
$171
HOA Dues
-
Year Built
1955

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11850574)

Price History

Date / Event Date Event Price
Sep 13, 2023 Sold
Premium
Sold
Aug 3, 2023 Listed by Coldwell Banker Realty $341,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • 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: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,960
  • Total Building Area: 1,883
  • Gross Building Area: 1,883
  • Building Area: 1,883
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,883
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT4
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT4) SUB OF PT NH OF SEC 36 & PT OF SH SEC 25-42-10

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-25-310-002-0000
  • Lot: 738
  • Meridian: SEC 25 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0819
  • Longitude: -88.0164

    Address

  • Full Address: 2702 School Dr
  • Legal Unit: 4
  • Address - House Number: 2702
  • Address - Street Name: School
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C020
  • 4-Digit Zip Code: 1725
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $729,183
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2282
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 369,726
  • High Value: 454,122
  • Low Value: 285,330

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $71,280
  • Market Improvement Value: $238,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $7,128
  • Assessed Improvements Value: $23,872

    Sales

  • Current Sale Contract Date: Aug 25, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 41205
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:

$354,990

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1396 ft²

Average Home Age

51 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Laura Majikes, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11850574
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 2702 School Drive built and last sold?
The property at 2702 School Drive was built in 1955 and last sold on Aug 25, 2023 for $356,000.
How much is this home worth?
The estimated value of the home located at 2702 School Drive is $0.
What are some comparable homes to 2702 School Drive?
There are currently no comparable homes to 2702 School Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Palatine Homes for Sale
Palatine Houses for Sale
Palatine Condos for Sale
Palatine Townhouses for Sale
Palatine Multifamily for Sale
Palatine Land for Sale
Palatine Commercial for Sale
Palatine Homes with Basements
Nearby Cities
Schaumburg Homes for Sale
Arlington Heights Homes for Sale
Des Plaines Homes for Sale
Buffalo Grove Homes for Sale
Hoffman Estates Homes for Sale
Mount Prospect Homes for Sale
Streamwood Homes for Sale
Hanover Park Homes for Sale
Nearby Property Records
Kane County, IL Property Records
DuPage County, IL Property Records
McHenry County, IL Property Records
Lake County, IL Property Records
Cook County, IL Property Records
Kenosha County, WI Property Records
DeKalb County, IL Property Records
Will County, IL Property Records
Neighborhoods
Buffalo Grove Real Estate
Conway Farms Real Estate
Oak Hills Real Estate
Nearby Counties
Wheeling Homes for Sale
Schaumburg Homes for Sale
Hanover Homes for Sale
Vernon Homes for Sale
Elk Grove Homes for Sale
Ela Homes for Sale
Cuba Homes for Sale
Barrington Homes for Sale
Top Real Estate Agents
Top Agents in Palatine
Top Agents in Wheeling
Top Agents in Schaumburg
Top Agents in Hanover
Top Agents in Schaumburg
Top Agents in Vernon
Top Agents in Arlington Heights
Top Agents in Elk Grove