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Hoffman Estates 60169
550 Geronimo Street
$315,000
● House - Off Market

550 Geronimo Street

Hoffman Estates, IL 60169
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,517 Ft²
$360,499
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Beautifully updated 3 bedroom, 2 bath ranch.  Large fenced in back yard with mature professional landscaping.  Separate Living Room and Family Room as well as an All Season Room for year round use. MLS #11146818
Unit Size
1,517 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$208
Property Type
House
Property Taxes
$643
HOA Dues
-
Year Built
1955

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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 #11146818)

Price History

Date / Event Date Event Price
Aug 25, 2021 Sold
Premium
Sold
Jul 7, 2021 Listed by Metro Realty Inc. $315,000
Listed by Metro Realty Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,010
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 770
  • Total Building Area: 1,517
  • Gross Building Area: 1,517
  • Building Area: 1,517
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,517
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOFFMAN ESTATES IV
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HOFFMAN) ESTATES (IV) SUB OF PT SW SEC 15-41-10

Neighborhood

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

Geography

  • District: 35
  • Parcel: 07-15-314-011-0000
  • Block: 55
  • Lot: 4
  • Meridian: SEC 15 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0373
  • Longitude: -88.0828

    Address

  • Full Address: 550 Geronimo St
  • Address - House Number: 550
  • Address - Street Name: Geronimo
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C045
  • 4-Digit Zip Code: 3311
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $676,888
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 350,724
  • High Value: 430,575
  • Low Value: 270,873

    Market Valuation

  • Market Total Value: $262,120
  • Market Land Value: $60,060
  • Market Improvement Value: $202,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,212
  • Assessed Land Value: $6,006
  • Assessed Improvements Value: $20,206

    Sales

  • Current Sale Contract Date: Aug 03, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2124228636
  • Previous Sale Recording Date: Jul 16, 2018
  • Previous Sale Contract Date: Jun 18, 2018
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: 71
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 Hoffman Estates

Stats & Trends

Median Asking:

$409,900

Sale Price/ft²

$242

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1591 ft²

Average Home Age

47.1 years

Currently For Sale

72 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 282 Pembridge Lane, Schaumburg, IL, 60193

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
282 Pembridge Lane #A2, Schaumburg, IL, 60193 Listing by Rocco LaMantia
Unit for rent at 86 Allerton Drive, Schaumburg, IL, 60194

$2,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
86 Allerton Drive #86, Schaumburg, IL, 60194 Listing by Fawad Shahid

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Melanie Broderick, Metro Realty Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11146818
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 550 Geronimo Street built and last sold?
The property at 550 Geronimo Street was built in 1955 and last sold on Aug 3, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 550 Geronimo Street is $0.
What are some comparable homes to 550 Geronimo Street?
There are currently no comparable homes to 550 Geronimo Street.
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