$165,000
●
Condo -
Off Market
550 Mesa Drive #203
Hoffman Estates, IL 60169
2 Beds
1 Bath
1,100 Ft²
$1,388
Est. Monthly
$375
HOA / Fees
11.24%
Cap Rate
About This Property
**MULTIPLE OFFERS RECEIVED. SELLER IS ASKING FOR HIGHEST AND BEST
BY MONDAY 4/15 AT 2PM** Beautifully updated 2 bedroom / 1 bathroom
condo. Home features wood laminate floors throughout and the
main living area, neutral paint and can lighting. Updated
kitchen that has stainless steel appliances, and down the hall a
newly painted tiled bathroom with new vanity and mirror. The
primary bedroom has new carpeting. The balcony faces the open
courtyard, has one designated parking spot, and you will appreciate
the ample amount of guest parking. Units are investor
friendly and can be rented!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
Condo
Property Taxes
$227
HOA Dues
$375
Year Built
-
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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 #12026472)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | Listed by @properties Christie's International Real Estate | $160,000 | |
| Listed by @properties Christie's International Real Estate | |||
Property Highlights
Parking Available
Parking Details
Total Number of Parking: 1
Parking Features: Assigned
Interior Details
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Rooms: 5
Basement: None
Basement Description: None
Exterior Details
Ownership: Condo
Exterior Building Type: Brick
Age: 41-50 Years
Rehab Year: 2014
Rebuilt(Y/N): No
Parcel Number: 07162000461269
Property Type: Residential
Year Built: 1977
No Disability Access
Special Conditions: None
Lot Size Dimensions: COMMON
Water Source: Public
Financial Details
Tax Year: 2022
Tax Annual Amount: $2,724
Utilities Details
Cooling: Window/Wall Unit - 1
Heating: Radiant
Sewer : Public Sewer
Location Details
Township: Schaumburg
Corporate Limits: Hoffman Estates
Directions: HIGGINS TO VALLEY SOUTH TO MESA WEST TO 550.
County or Parish: Cook
Elementary School District: 54
Middle Or Junior School District: 54
High School District: 211
Other Details
Association Fee Includes: Heat, Water, Gas, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Association Fee: $375
Association Fee Freq: Monthly
Holds Earnest Money: Yes
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/26/2024
|
2 Bed
|
2 Bath
|
900 ft²
|
$179,900
2 Bed
2 Bath
900 ft²
|
-
-
|
Feliberto Salgado
Redfin Corporation
| |
|
04/12/2024
|
2 Bed
|
1 Bath
|
1100 ft²
|
$160,000
2 Bed
1 Bath
1100 ft²
|
$165,000
+3.13%
04/29/2024
|
Laura McGreal
Dream Town Realty
|
Building Info
About Hoffman Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Laura McGreal, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12026472
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# 12026472
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