Check Availability
Hoffman Estates 60169
505 Olive Street
$449,900
House - For Sale

505 Olive Street

Hoffman Estates, IL 60169
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2470 Sqft
$3,076
Estimated Monthly
$0
HOA / Fees
6.36%
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!

The manager has listed the unit size as 2470 square feet.
Unit Size
2,470Ft²
Days on Market
13 days
Land Size
0.23 acres
Price per sqft
$182
Property Type
House
Property Taxes
$866
HOA Dues
-
Year Built
1960
Listed By
Last updated: 13 days ago (MREDIL #12033033)

Price History

Date / Event Date Event Price
Apr 20, 2024 No longer available -
No longer available
Apr 18, 2024 Listed by Redfin Corporation $449,900
Listed by Redfin Corporation
Apr 5, 2024 Price Decreased $459,900
↓ $5K (1.1%)
Price Decreased
Mar 22, 2024 Listed by Redfin Corporation $464,900
Listed by Redfin Corporation
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…
Oct 6, 2021 No longer available -
No longer available
Show More

Property Highlights

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
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,010
  • Total Building Area: 2,470
  • Gross Building Area: 2,470
  • Building Area: 2,470
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,470
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: HOFFMAN ESTATES VII
  • Land Acres: 0.23
  • Legal Description 1: (HOFFMAN)(ESTATES)(VII) SUB OF PT SE SEC 16-41-10

Ownership

  • Current Owner : GUNASEKARAN RAGUNATH
  • Previous Owner : TALSMA DIANE
  • Previous Owner 2: ELEANORA L ZIELKE REVOCABLE LI
  • Owner Before Previous Owner: LIV TOKARZ BARBARA A
  • Is Owner Occupied: unknown

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: $10,395
  • 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

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $315,347
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 14, 2021
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $315,347
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    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 Transaction ID: 11843123204
  • Current Sale Price: $325,500
  • Current Sale Document Type: unknown
  • 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: unknown

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Jul 14, 2021
  • First Mortgage Loan Amount: $315,347
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
2,470 ft²
$186/ft²
$459,900 Mar 22, 2024
-
$866/mo
House
4 Beds
1.5 Baths
-
$375,000 Mar 26, 2024
-
$693/mo

About Hoffman Estates


Similar Homes for Sale

Unit for sale at 505 Olive Street, Hoffman Estates, IL 60169

$459,900

  • 4 Beds
  • 2 Baths
  • 2,470 ft²
505 Olive Street, Hoffman Estates, IL 60169 Listing by Feliberto Salgado

Nearby Rentals

Unit for rent at 621 Trent Lane, Schaumburg, IL, 60193

$3,450 /mo

  • 3 Beds
  • 3 Baths
  • 1,250 ft²
621 Trent Lane, Schaumburg, IL, 60193 Listing by Steve Burke
Unit for rent at 27 Neri Drive, Schaumburg, IL, 60194

$3,495 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,400 ft²
27 Neri Drive, Schaumburg, IL, 60194 Listing by Abhijit Leekha
Unit for rent at 911 Knightsbridge Lane, Schaumburg, IL, 60195

$3,500 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,657 ft²
911 Knightsbridge Lane, Schaumburg, IL, 60195 Listing by Abhijit Leekha


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 $450,318.
What are some comparable homes to 505 Olive Street?
Homes that are comparable to 505 Olive Street include a house property at 505 Olive Street, 440 West Berkley Lane, which are both great to check out.

Quantcast