See Home Value
Hoffman Estates 60169
505 Olive Street
$418,500
● House - Off Market

505 Olive Street

Hoffman Estates, IL 60169
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,470 Ft²
$2,978
Est. Monthly
7.35%
Cap Rate

About This Property

Welcome home! Beautiful 2 story home with a gorgeous brick paved driveway which continues with a walking path to the back patio with a fire pit! Inside you have so much space with all newer flooring, freshly painted walls,a newly updated kitchen with white cabinets, granite countertops, new stainless steel appliances! The living room is spacious and gets so much natural light! Bonus room off the kitchen can be used as an additional larger bedroom, large office, etc. Bedrooms are all spacious for any size bed.  Both bathrooms have been recently updated as well with newer shower door, vanity, faucets, etc.  The backyard is perfect for entertaining and enjoying some S'mores at the firepit!  Detached garage has AC and newer siding, EV outlet, so much space and clean!  Also a shed behind the garage for extra storage space.  Already done for you are windows & sliding door (2015), attic insulation (2017), siding (garage too), gutters, soffits, drain tile, 2nd floor furnace (2018), first floor furnace (2019), washer/dryer, solar panels (2022), water lines replaced to all baths, vanities, toilets, showers, kitchen updates, vinyl and carpet, water heater, updated baths, fresh paint (2024) and much more!  Great location, close to desirable schools, transport, shopping, dining, entertainment....you don't want to miss out on this one!  Sold AS IS but all you have to do is move right in!
Unit Size
2,470 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$174
Property Type
House
Property Taxes
$866
HOA Dues
-
Year Built
1960

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #12097356)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Sold
Jul 11, 2024 In contract -
In contract
Jun 28, 2024 Listed by Redfin Corporation $429,900
Listed by Redfin Corporation
Jun 5, 2024 No longer available -
No longer available
May 31, 2024 Price Decreased $429,900
↓ $10K (2.3%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 10,010
  • Total Building Area: 2,470
  • Gross Building Area: 2,470
  • Building Area: 2,470
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,470
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOFFMAN ESTATES VII
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: (HOFFMAN)(ESTATES)(VII) SUB OF PT SE SEC 16-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804709

Geography

  • District: 35
  • Parcel: 07-16-415-007-0000
  • Block: 99
  • Lot: 18
  • Meridian: SEC 16 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0357
  • Longitude: -88.0911

    Address

  • Full Address: 505 Olive St
  • Address - House Number: 505
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C047
  • 4-Digit Zip Code: 3112
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,039,468
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2252
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 440,165
  • High Value: 539,328
  • Low Value: 341,002

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $60,060
  • Market Improvement Value: $289,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $6,006
  • Assessed Improvements Value: $28,994

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jul 14, 2021
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2119528262
  • Previous Sale Recording Date: Apr 07, 1999
  • Previous Sale Contract Date: Mar 25, 1999
  • Previous Sale Amount: $188,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hoffman Estates


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 616 Grace Lane, Schaumburg, IL, 60193

$3,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,452 ft²
616 Grace Lane, Schaumburg, IL, 60193 Listing by Dorothy Zielinski
Unit for rent at 508 Bristol Lane, Schaumburg, IL, 60194

$3,450 /mo

  • 4 Beds
  • 1 Bath
  • 1,140 ft²
508 Bristol Lane, Schaumburg, IL, 60194 Listing by Omar Adil
Unit for rent at 706 N Point Drive, Schaumburg, IL, 60193

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,351 ft²
706 N Point Drive, Schaumburg, IL, 60193 Listing by Sarah Leonard


Frequently Asked Questions

When was property at 505 Olive Street built and last sold?
The property at 505 Olive Street was built in 1960 and last sold on Jun 2, 2021 for $325,500.
How much is this home worth?
The estimated value of the home located at 505 Olive Street is $441,316.
What are some comparable homes to 505 Olive Street?
There are currently no comparable homes to 505 Olive Street.