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Rolling Meadows 60008
3500 Teal Court
$300,000
● House - Off Market

3500 Teal Court

Rolling Meadows, IL 60008
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,005 Ft²
$293,362
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

BEAUTIFUL & IMPECCABLY maintained 3 bedroom RANCH home on EXPANSIVE DOUBLE LOT, UPDATED EAT-IN kitchen freshly painted in modern gray tones has newer MAPLE Cabinets, SPACIOUS LIVING ROOM with WOOD LAMINATE Floors, LARGE BEDROOMS, AMPLE closet space, NEWER FURNACE, AC, & HOT WATER TANK, NEW FRONT DOOR AND BACK DOOR, and replacement vinyl double hung windows. Beautifully Landscaped FENCED IN YARD, OVERSIZED 2 CAR garage, HIGHLY DESIRED INTERIOR CULDESAC LOCATION in a beautiful neighborhood near PARKS, POOLS, SCHOOLS, LIBRARY, WALKING PATHS, XPRESSWAYS, ETC.
Unit Size
1,005 Ft²
Days on Market
-
Land Size
-
Price per sqft
$289
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1957

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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 #11394579)

Price History

Date / Event Date Event Price
Jun 22, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Homesmart Connect LLC $290,000
Listed by Homesmart Connect LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 6,075
  • Total Building Area: 1,055
  • Gross Building Area: 1,055
  • Building Area: 1,055
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,055
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MDWS 12
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-36-311-006-0000
  • Lot: 1991
  • Meridian: SEC 36 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0715
  • Longitude: -88.0244

    Address

  • Full Address: 3500 Teal Ct
  • Address - House Number: 3500
  • Address - Street Name: Teal
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C022
  • 4-Digit Zip Code: 2532
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $287,748
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 252,880
  • High Value: 311,640
  • Low Value: 194,120

    Market Valuation

  • Market Total Value: $128,820
  • Market Land Value: $33,410
  • Market Improvement Value: $95,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,882
  • Assessed Land Value: $3,341
  • Assessed Improvements Value: $9,541

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jul 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 7021
  • Previous Sale Recording Date: Oct 04, 2005
  • Previous Sale Contract Date: Oct 03, 2005
  • Previous Sale Amount: $267,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

1367 ft²

Average Home Age

51.2 years

Currently For Sale

38 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 1289 Lakepointe Drive, Schaumburg, IL, 60173

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,782 ft²
1289 Lakepointe Drive, Schaumburg, IL, 60173 Listing by Aparajita Leekha

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michele Tolomeo, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11394579
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 3500 Teal Court built and last sold?
The property at 3500 Teal Court was built in 1957 and last sold on Jun 17, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 3500 Teal Court is $0.
What are some comparable homes to 3500 Teal Court?
There are currently no comparable homes to 3500 Teal Court.
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