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Rolling Meadows 60008
3503 Owl Drive
$269,900
● House - Off Market

3503 Owl Drive

Rolling Meadows, IL 60008
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,037 Ft²
$277,934
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Large home with a eat in kitchen and large living room, three bedrooms  which feature a master bedroom with an over sized closet and one and a half bathrooms. The large fenced in yard adjacent to the detached 2 car garage has a combination of an asphalt and brick driveway which can easily accommodate parking for 6 cars. There is a shed for extra storage and separate laundry off of the kitchen. A new H20 tank was installed in 2021 and the furnace is 3-4 years old.
Unit Size
1,037 Ft²
Days on Market
-
Land Size
-
Price per sqft
$260
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1957

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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 #11241427)

Price History

Date / Event Date Event Price
Mar 17, 2022 Sold
Premium
Sold
Oct 8, 2021 Listed by Century 21 Langos & Christian $269,900
Listed by Century 21 Langos & Christian

Property Highlights

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: 8,000
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,037
  • Gross Building Area: 1,037
  • Building Area: 1,037
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,037
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT12
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ROLLING) (MEADOWS) (UNIT12) SUB S OF KIRCHOFF RD & P T WH SEC36 & PT EH SEC 35-42-10

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-35-206-041-0000
  • Lot: 1963
  • Meridian: SEC 35 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0735
  • Longitude: -88.0244

    Address

  • Full Address: 3503 Owl Dr
  • Legal Unit: 12
  • Address - House Number: 3503
  • Address - Street Name: Owl
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C022
  • 4-Digit Zip Code: 2501
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $633,391
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2617
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 292,454
  • High Value: 369,015
  • Low Value: 215,893

    Market Valuation

  • Market Total Value: $250,000
  • Market Land Value: $44,000
  • Market Improvement Value: $206,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $4,400
  • Assessed Improvements Value: $20,600

    Sales

  • Current Sale Contract Date: Mar 09, 2022
  • Current Sale Recording Date: Mar 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2208133087
  • Previous Sale Recording Date: May 18, 1994
  • Previous Sale Contract Date: Apr 25, 1994
  • Previous Sale Amount: $124,500
  • Previous Sale Document Type: 71

    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:

$354,990

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1375 ft²

Average Home Age

51.8 years

Currently For Sale

39 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: Maria Montesinos, Century 21 Langos & Christian
Last Updated: 3 years ago
Data Source: MRED, MLS# 11241427
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 3503 Owl Drive built and last sold?
The property at 3503 Owl Drive was built in 1957 and last sold on Mar 9, 2022 for $270,000.
How much is this home worth?
The estimated value of the home located at 3503 Owl Drive is $0.
What are some comparable homes to 3503 Owl Drive?
There are currently no comparable homes to 3503 Owl Drive.
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