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Rolling Meadows 60008
3604 Bobolink Lane
$305,000
● House - Off Market

3604 Bobolink Lane

Rolling Meadows, IL 60008
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$1,904
Est. Monthly
7.08%
Cap Rate

About This Property

Beautifully remodeled 2 bed 1 bath home in great location. Gorgeous kitchen with all new cabinets, appliances and granite counters!  Recently refinished solid hardwood floors throughout home. Updated bath, new slider off master bedroom, newer HVAC, entire home has been freshly painted inside and out.     New driveway, 2 1/2 car detached garage,  newer roof Nothing to do but move in to this wonderful home. Walk to park, ice arena and pool.... WILL NOT LAST !!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$300
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1958

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 8,159
  • Total Building Area: 861
  • Gross Building Area: 861
  • Building Area: 861
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 861
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS UNIT11
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT11) SUB OF PT OF EH SEC 35 & P T OF WH LYING S OF KIRCHOFF ROAD OF SEC 36-42-10

Neighborhood

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

Geography

  • District: 29
  • Parcel: 02-35-207-008-0000
  • Lot: 1775
  • Meridian: SEC 36 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0744
  • Longitude: -88.026

    Address

  • Full Address: 3604 Bobolink Ln
  • Legal Unit: 11
  • Address - House Number: 3604
  • Address - Street Name: Bobolink
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C022
  • 4-Digit Zip Code: 2425
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $599,961
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2423
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 259,150
  • High Value: 321,949
  • Low Value: 196,351

    Market Valuation

  • Market Total Value: $204,420
  • Market Land Value: $44,880
  • Market Improvement Value: $159,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,442
  • Assessed Land Value: $4,488
  • Assessed Improvements Value: $15,954

    Sales

  • Current Sale Contract Date: Dec 09, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1935016128
  • Previous Sale Recording Date: Sep 28, 2005
  • Previous Sale Contract Date: Aug 17, 2005
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 71
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

$234

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1379 ft²

Average Home Age

53.5 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

Unit for rent at 690 E Algonquin Road, Schaumburg, IL, 60173

$2,321 /mo

  • 1 Bed
  • 1 Bath
  • 1,039 ft²
690 E Algonquin Road #3310, Schaumburg, IL, 60173 Listing by Cathleen Simboli
Unit for rent at 5000 Carriageway Drive, Rolling Meadows, IL, 60008

$2,200 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
5000 Carriageway Drive #303, Rolling Meadows, IL, 60008 Listing by Michiko Suzuki

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sheryl Marsella, RE/MAX Suburban
Data Source: MRED, MLS# MRD12330331
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 3604 Bobolink Lane built and last sold?
The property at 3604 Bobolink Lane was built in 1958 and last sold on Dec 9, 2019 for $171,000.
How much is this home worth?
The estimated value of the home located at 3604 Bobolink Lane is $298,133.
What are some comparable homes to 3604 Bobolink Lane?
There are currently no comparable homes to 3604 Bobolink Lane.
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