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Rolling Meadows 60008
4308 E Frontage Road
$370,000
● House - Off Market

4308 E Frontage Road

Rolling Meadows, IL 60008
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,194 Ft²
$439,076
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

AWESOME HOME! 4 BEDROOM SPLIT LEVEL WITH A FINISHED SUB-BASEMENT! ALL BATHS HAVE BEEN UPDATED. BAMBOO FLOORING IN KITCHEN & HALLWAY. CROWN MOLDING EVERYWHERE ON THE MAIN FLOOR. BUILT IN DINING ROOM HUTCH. 2ND REFRIGERATER AND STOVE IN SUB-BASEMENT. HUGE 2.5 CAR ATTACHED GARAGE. EXTRA LARGE BACKYARD PATIO JUST OUTSIDE THE KITCHEN SLIDING GLASS DOORS! BEAUTIFUL FAIMLY ROOM FIREPLACE. GORGEOUS LANDSCAPING. THIS ONE IS A WINNER! COME SEE IT TODAY!
Unit Size
2,194 Ft²
Days on Market
-
Land Size
-
Price per sqft
$173
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1985

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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 #11087054)

Price History

Date / Event Date Event Price
Jul 2, 2021 Sold
Premium
Sold
May 13, 2021 Listed by RE/MAX Suburban $379,900
Listed by RE/MAX Suburban

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,840
  • Total Building Area: 1,336
  • Gross Building Area: 1,336
  • Building Area: 1,336
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,336
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RACHMANS
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: LOT 8 IN RACHMANS SUB IN SEC06 T41 N R11E 3P

Neighborhood

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

Geography

  • District: 16
  • Parcel: 08-06-200-069-0000
  • Lot: 8
  • Meridian: SEC 06 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0655
  • Longitude: -88.0269

    Address

  • Full Address: 4308 E Frontage Rd
  • Address - House Number: 4308
  • Street Direction: E
  • Address - Street Name: Frontage
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C027
  • 4-Digit Zip Code: 3201
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $957,399
  • Tax Rate Code Area: 16058

    Appraisal Valuation

  • Standard Deviation: 0.1994
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 431,956
  • High Value: 518,122
  • Low Value: 345,790

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $94,720
  • Market Improvement Value: $255,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $9,472
  • Assessed Improvements Value: $25,528

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2120318038

    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:

$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 605 W Gilbert Road, Palatine, IL, 60067

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,983 ft²
605 W Gilbert Road, Palatine, IL, 60067 Listing by Kim Alden

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Randy Johnson, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11087054
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 4308 East Frontage Road built and last sold?
The property at 4308 East Frontage Road was built in 1985 and last sold on May 26, 2021 for $370,000.
How much is this home worth?
The estimated value of the home located at 4308 East Frontage Road is $0.
What are some comparable homes to 4308 East Frontage Road?
There are currently no comparable homes to 4308 East Frontage Road.
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