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Rolling Meadows 60008
2707 Martin Lane
$305,000
● House - Off Market

2707 Martin Lane

Rolling Meadows, IL 60008
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,350 Ft²
$324,493
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Charming 4 Bed 2 Bath Home in Rolling Meadows. Windows, Shingles, Shutters, Siding Only 5 Years Old. Wood Laminate Floors Throughout, New Furnace, New Asphalt Driveway and Brand New Roof on Garage and New Fenced in Yard! New Furnace and New Storms and Screen Doors on Front and Back of Home. Large eat in Kitchen Features Stainless Steel Appliances and New Under Cabinet Lighting With Plenty of Room for an Island. New Crown Molding in Living Room and Custom Built in Bookshelf! Close to Kimball Hill Elementary School, Carl Sandburg Junior High, Library, Restaurants and Grocery Store!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$222
Property Type
House
Property Taxes
$546
HOA Dues
-
Year Built
1958

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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 #11268229)

Price History

Date / Event Date Event Price
Jan 6, 2022 Sold
Premium
Sold
Nov 11, 2021 Listed by Homesmart Connect LLC $300,000
Listed by Homesmart Connect LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,369
  • Total Building Area: 1,296
  • Gross Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT10
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT10)SUB OF LT U IN ROLLING MEAD OWS UNIT8 A SUB OF THAT PT LYING S OF KIRCHOFF RD OF WH SEC 36-42-10

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804000

Geography

  • District: 29
  • Parcel: 02-36-110-027-0000
  • Block: N
  • Lot: U
  • Meridian: SEC 36 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0751
  • Longitude: -88.0157

    Address

  • Full Address: 2707 Martin Ln
  • Legal Unit: 10
  • Address - House Number: 2707
  • Address - Street Name: Martin
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C023
  • 4-Digit Zip Code: 2723
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $721,413
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 294,279
  • High Value: 324,033
  • Low Value: 264,525

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $46,030
  • Market Improvement Value: $233,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $4,603
  • Assessed Improvements Value: $23,397

    Sales

  • Current Sale Contract Date: Dec 30, 2021
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2202112155
  • Previous Sale Recording Date: Apr 06, 2016
  • Previous Sale Contract Date: Mar 10, 2016
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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:

$354,870

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1367 ft²

Average Home Age

52.2 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 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: Samantha Oliver, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11268229
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 2707 Martin Lane built and last sold?
The property at 2707 Martin Lane was built in 1958 and last sold on Dec 30, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 2707 Martin Lane is $0.
What are some comparable homes to 2707 Martin Lane?
There are currently no comparable homes to 2707 Martin Lane.
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