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Rolling Meadows 60008
2901 Swallow Lane
$335,000
● House - Off Market

2901 Swallow Lane

Rolling Meadows, IL 60008
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$1,915
Est. Monthly
13.24%
Cap Rate

About This Property

Great 4br 2ba ranch in a wonderful neighborhood. Large remodeled eat in kitchen open to the family room perfect for entertaining. Hardwood floors throughout the common areas. Home features tankless water heater, new furnace 2014, new roof 2015, driveway 2017, bathroom 2022. Great location close to shops, restaurants, and expressways. This one won't last long!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$200
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1956

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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 #11989716)

Price History

Date / Event Date Event Price
May 1, 2024 Sold
Premium
Sold
Feb 26, 2024 Listed by RE/MAX At Home $299,900
Listed by RE/MAX At Home

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 8,984
  • Total Building Area: 1,003
  • Gross Building Area: 1,003
  • Building Area: 1,003
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,003
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT8
  • Land Acres: 0000000206
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT8) SUB IN THAT PT LYING S OF K IRCHOFF ROAD OF WH SEC 36-42-10

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-36-303-038-0000
  • Lot: 1454
  • Meridian: SEC 36 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0735
  • Longitude: -88.0172

    Address

  • Full Address: 2901 Swallow Ln
  • Legal Unit: 8
  • Address - House Number: 2901
  • Address - Street Name: Swallow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C005
  • 4-Digit Zip Code: 2646
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $574,652
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2408
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 321,916
  • High Value: 399,451
  • Low Value: 244,381

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $49,410
  • Market Improvement Value: $180,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $4,941
  • Assessed Improvements Value: $18,059
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

1412 ft²

Average Home Age

52.7 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 2030 Crestwood Lane, Palatine, IL, 60067

$3,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,606 ft²
2030 Crestwood Lane, Palatine, IL, 60067 Listing by Helen Edwards

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Karoumi, RE/MAX At Home
Last Updated: 3 years ago
Data Source: MRED, MLS# 11989716
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 2901 Swallow Lane built and last sold?
The property at 2901 Swallow Lane was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2901 Swallow Lane is $305,980.
What are some comparable homes to 2901 Swallow Lane?
There are currently no comparable homes to 2901 Swallow Lane.
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