$335,000
●
House -
Off Market
498 N STEPHEN Drive
Palatine, IL 60067
4 Beds
2 Baths
1,400 Ft²
$383,388
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
Updated Raised Ranch with 4 Bed, 2 Bath! Kitchen with all stainless
appliances and extra counter space opens up to a spacious eating
area and living room with large bay window offering tons of
sunlight. Hardwood floors throughout the main level. English
basement renovated in 2016! Updates include: Hot Water Heater in
2020, Garage Door Replacement in 2020, Garage Door Opener
Replacement in 2019, Full HVAC replacement in 2016, Added Attic
Insulation 2015, Driveway resurfaced 2021. Perfect Palatine
location with a short walk to Downtown Palatine and Train Station.
Lots of shopping and restaurants close by!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$239
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
1967
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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 #11134750)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| Aug 2, 2021 | Sold | ||
| Sold | |||
| Jun 24, 2021 | Listed by RE/MAX At Home | $335,000 | |
| Listed by RE/MAX At Home | |||
| Jun 6, 2021 | In contract | - | |
| In contract | |||
| May 31, 2021 | Listed | $335,000 | |
| Listed | |||
| | |||
|
Updated Raised Ranch with 4 Bed, 2 Bath! Kitchen with all stainless appliances and extra counter space opens up to a spacious eating area and living room with large bay window offering tons of sunlight. Hardwood floors throughout the main level. English basement renovated in 2016! Updates include: Hot Water Heater in 2020, Garage Door Replacement in 2020, Garage Door Opener Replacement in 2019, Full HVAC replacement in 2016, Added Attic Insulation 2015, Driveway resurfaced 2021. Perfect Palatine location with a short walk to Downtown Palatine and Train Station. Lots of shopping and restaurants close by! The manager has listed the unit size as 1400 square feet.
| |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Palatine
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Listed by: Benjamin Opsahl, RE/MAX At Home
Last Updated: 3 years ago
Data Source: MRED, MLS# 11134750
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11134750
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