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Rolling Meadows 60008
3223 BROOKMEADE Drive
$307,000
● House - Off Market

3223 BROOKMEADE Drive

ROLLING MEADOWS, IL 60008
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,392 Ft²
$465,419
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Original Owners Built This House That's Over 2,300 sq ft!! Full Unfinished English Bsmt is also over 2,000 sq ft. Finish it and Make it Your Dream Basement!  Rare All Brick Home, Fenced Yard & Sprinkler System.  So Much Potential In this House Just Needs Updating! Priced to Reflect Condition. The Liv Rm/Din Rm & Hallway Have Beautiful Hardwood Floors. Owner put them in & Decided 6 Months Later They Preferred Carpet so they are Basically Untouched for all These Years! 2 Bay Windows, Newer Front Door, Roof 2003, Newer Boiler 2003. The 1/2 Bath is in the Bsmt & is Roughed In for a Shower.  Professionally Landscaped. This is an Estate Sale.
Unit Size
2,392 Ft²
Days on Market
-
Land Size
-
Price per sqft
$121
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1973

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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 #09634012)

Price History

Date / Event Date Event Price
Jun 29, 2017 Sold
Premium
Sold
May 22, 2017 Listed by Baird & Warner $289,900
Listed by Baird & Warner

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 24
  • 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: 9,931
  • Total Building Area: 2,392
  • Gross Building Area: 2,392
  • Building Area: 2,392
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,392
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLUM GROVE HILLS 06
  • Land Acres: 0000000228
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805105

Geography

  • District: 16
  • Parcel: 08-07-211-024-0000
  • Lot: 173
  • Meridian: SEC 07 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0635
  • Longitude: -88.0214

    Address

  • Full Address: 3223 Brookmeade Dr
  • Address - House Number: 3223
  • Address - Street Name: Brookmeade
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C022
  • 4-Digit Zip Code: 3230
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $922,716
  • Tax Rate Code Area: 16053

    Appraisal Valuation

  • Standard Deviation: 0.1994
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 427,904
  • High Value: 513,262
  • Low Value: 342,546

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $79,450
  • Market Improvement Value: $270,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $7,945
  • Assessed Improvements Value: $27,055

    Sales

  • Current Sale Contract Date: Jun 26, 2017
  • Current Sale Recording Date: Jul 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1719341024

    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

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

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MRED

Listed by: , Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 09634012
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 3223 Brookmeade Drive built and last sold?
The property at 3223 Brookmeade Drive was built in 1973 and last sold on Jun 26, 2017 for $307,000.
How much is this home worth?
The estimated value of the home located at 3223 Brookmeade Drive is $0.
What are some comparable homes to 3223 Brookmeade Drive?
There are currently no comparable homes to 3223 Brookmeade Drive.
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