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Rolling Meadows 60008
3405 plum grove Drive
$365,000
● House - Off Market

3405 plum grove Drive

Rolling Meadows, IL 60008
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$2,193
Est. Monthly
7.70%
Cap Rate

About This Property

Just what you have been waiting for! All brick ranch with full basement, three bedrooms, full master bath, hardwood floors, wonderful condition first floor family room with attached three season room. Two car attached garage on a concrete driveway. Living room has a bay window installed in 2015. Roof new in 2019, furnace and a/c 2017 with smart thermostat, three season room installed in 1998. Hardwood floors in bedrooms and family room. Close to expressway and shopping.  Most wanted home in Rolling Meadows! Make an appointment now!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$205
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1974

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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 #11880730)

Price History

Date / Event Date Event Price
Dec 22, 2023 Sold
Premium
Sold
Sep 8, 2023 Listed by RE/MAX Suburban $369,000
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 10,800
  • Total Building Area: 1,976
  • Gross Building Area: 1,976
  • Building Area: 1,976
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,976
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLUM GROVE HILLS UNIT3
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (PLUM)(GROVE) HILLS (UNIT3) SUB OF PT OF EH SEC 07-41-11

Neighborhood

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

Geography

  • District: 16
  • Parcel: 08-07-209-020-0000
  • Lot: 85,86
  • Meridian: SEC 07 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.062
  • Longitude: -88.0232

    Address

  • Full Address: 3405 Plum Grove Dr
  • Legal Unit: 3
  • Address - House Number: 3405
  • Address - Street Name: Plum Grove
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C015
  • 4-Digit Zip Code: 3245
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $416,440
  • Tax Rate Code Area: 16053

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 420,184
  • High Value: 507,226
  • Low Value: 333,141

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $86,400
  • Market Improvement Value: $253,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $8,640
  • Assessed Improvements Value: $25,360

    Sales

  • Current Sale Contract Date: Dec 12, 2023
  • Current Sale Recording Date: Dec 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6442
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 3316 Brookmeade Drive, Rolling Meadows, IL, 60008

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 3,143 ft²
3316 Brookmeade Drive, Rolling Meadows, IL, 60008 Listing by Gail Bergstrom

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mark Berberick, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11880730
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 3405 Plum Grove Drive built and last sold?
The property at 3405 Plum Grove Drive was built in 1974 and last sold on Dec 12, 2023 for $365,000.
How much is this home worth?
The estimated value of the home located at 3405 Plum Grove Drive is $0.
What are some comparable homes to 3405 Plum Grove Drive?
There are currently no comparable homes to 3405 Plum Grove Drive.
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