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Palatine 60067
508 W Glencoe Road
$385,000
● House - Off Market

508 W Glencoe Road

PALATINE, IL 60067
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,300 Ft²
$710,169
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

In town location, 2300 sqft living space plus partially finished full bsmnt. 0.4 miles from METRA and down town entertainment. Close to I90 and IL53 for commuters. Family room & amazing master suite addition 01. Close to award winning schools and recreation area. Newer mechanicals and windows. Open floor plan,  perfect for entertaining. Dual heat and A/C system 05. New SS appliances 15. 1st flr. bdr. & full bthrm
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$174
Property Type
House
Property Taxes
$703
HOA Dues
-
Year Built
1953

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 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: 11,160
  • Total Building Area: 2,006
  • Gross Building Area: 2,006
  • Building Area: 2,006
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,006
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRILLS GARDEN HOME
  • Land Acres: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (MERRILLS)(GARDEN)(HOME)SUB OF NH NW SEC 22-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803702

Geography

  • District: 29
  • Parcel: 02-22-104-014-0000
  • Block: 2
  • Lot: 14
  • Meridian: SEC 22 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1088
  • Longitude: -88.0563

    Address

  • Full Address: 508 W Glencoe Rd
  • Address - House Number: 508
  • Street Direction: W
  • Address - Street Name: Glencoe
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Palatine
  • Carrier Code: C013
  • 4-Digit Zip Code: 6018
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,019,019
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 485,332
  • High Value: 594,366
  • Low Value: 376,299

    Market Valuation

  • Market Total Value: $390,000
  • Market Land Value: $66,960
  • Market Improvement Value: $323,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,000
  • Assessed Land Value: $6,696
  • Assessed Improvements Value: $32,304

    Sales

  • Current Sale Contract Date: Jul 29, 2015
  • Current Sale Recording Date: Aug 12, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1522410077
  • Previous Sale Recording Date: Oct 12, 2007
  • Previous Sale Contract Date: Sep 26, 2007
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: 71

    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 Palatine

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1644 ft²

Average Home Age

43.8 years

Currently For Sale

114 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 561 W Parkside Drive, Palatine, IL, 60067

$3,100 /mo

  • 3 Beds
  • 3 Baths
561 W Parkside Drive, Palatine, IL, 60067 Listing by Haifeng Sun

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ilona Leber, Baird & Warner
Data Source: MRED, MLS# MRD08943280
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 508 West Glencoe Road built and last sold?
The property at 508 West Glencoe Road was built in 1953 and last sold on Jul 29, 2015 for $385,000.
How much is this home worth?
The estimated value of the home located at 508 West Glencoe Road is $0.
What are some comparable homes to 508 West Glencoe Road?
There are currently no comparable homes to 508 West Glencoe Road.
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