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Rolling Meadows 60008
5524 Elizabeth Place
$407,000
● House - Off Market

5524 Elizabeth Place

Rolling Meadows, IL 60008
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$2,814
Est. Monthly
$228
HOA / Fees
6.38%
Cap Rate

About This Property

Welcome to this beautifully updated 3 bed, 2.5 bath townhome in the highly sought-after Rolling Meadows area! This freshly redesigned home features brand new flooring, fresh paint throughout, and a stylish kitchen with stylish cabinets, granite countertops, and stainless steel appliances. Enjoy the convenience of main-level laundry and an attached garage. The full finished basement offers additional living space-perfect for a family room, home office, or workout area. Upstairs, you'll find three generously sized bedrooms, including a spacious primary suite with a private bath and walk-in closet. Located close to shopping, major highways, parks, schools, and more. Don't miss this one-come see it today!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$222
Property Type
House
Property Taxes
$621
HOA Dues
$228
Year Built
1997

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 707,885
  • Total Building Area: 10,300
  • Gross Building Area: 10,300
  • Building Area: 10,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 10,300
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELIZABETH PLACE CONDO
  • Land Acres: 0000016251
  • Standard Land Use Code: 1004
  • County Land Use Code: 2-99

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805105

Geography

  • District: 16
  • Parcel: 08-08-402-039-1153
  • Lot: 1,2
  • Meridian: SEC 08 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0559
  • Longitude: -88.0071

    Address

  • Full Address: 5524 Elizabeth Pl
  • Address - House Number: 5524
  • Address - Street Name: Elizabeth
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C011
  • 4-Digit Zip Code: 3857
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $709,844
  • Tax Rate Code Area: 16053

    Appraisal Valuation

  • Standard Deviation: 0.2168
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 318,412
  • High Value: 387,453
  • Low Value: 249,372

    Market Valuation

  • Market Total Value: $277,160
  • Market Land Value: $33,190
  • Market Improvement Value: $243,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,716
  • Assessed Land Value: $3,319
  • Assessed Improvements Value: $24,397

    Sales

  • Current Sale Contract Date: Nov 19, 2009
  • Current Sale Recording Date: Dec 08, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0934204197
  • Previous Sale Recording Date: Aug 20, 2001
  • Previous Sale Contract Date: Aug 16, 2001
  • Previous Sale Amount: $225,000
  • 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 Rolling Meadows

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1370 ft²

Average Home Age

52 years

Currently For Sale

40 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 10 S Dunton Avenue, Arlington Heights, IL, 60005

$2,980 /mo

  • 1 Bed
  • 1 Bath
  • 1,063 ft²
10 S Dunton Avenue #707, Arlington Heights, IL, 60005 Listing by Anna Schreck

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sara Sogol, Redfin Corporation
Data Source: MRED, MLS# MRD12346380
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 5524 Elizabeth Place built and last sold?
The property at 5524 Elizabeth Place was built in 1997 and last sold on Nov 19, 2009 for $250,000.
How much is this home worth?
The estimated value of the home located at 5524 Elizabeth Place is $0.
What are some comparable homes to 5524 Elizabeth Place?
There are currently no comparable homes to 5524 Elizabeth Place.
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