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Hoffman Estates 60169
640 Buckeye Drive
$390,000
● House - Off Market

640 Buckeye Drive

Hoffman Estates, IL 60169
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,401 Ft²
$2,290
Est. Monthly
7.27%
Cap Rate

About This Property

This beautifully renovated ranch style home offers the convenience of one level living and provides the perfect blend of style and comfort. Gleaming hardwood floors throughout the home. Kitchen boasts 42inch modern white cabinets with glass backsplash, stainless steel appliances, granite countertops. expanded master bedroom with wood burning fireplace. Recent updates are Roof, Windows, all new electrical, plumbing, extra-long asphalt driveway (to be completed before closing). Hardwood floors, plenty of canned lights, sump pump, epoxy garage floor and all new fixtures.
Unit Size
1,401 Ft²
Days on Market
-
Land Size
-
Price per sqft
$285
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1957

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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.

Last updated: 3 years ago (MRED MLS #12057506)

Price History

Date / Event Date Event Price
Jul 26, 2024 Sold
Premium
Sold
Jul 2, 2024 In contract -
In contract
Jun 16, 2024 Relisted $399,900
Relisted
May 15, 2024 Listed by Realty Executives Advance $399,900
Listed by Realty Executives Advance
Feb 23, 2024 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 4
  • 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: 10,080
  • Total Building Area: 1,401
  • Gross Building Area: 1,401
  • Building Area: 1,401
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,401
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOFFMAN ESTATES II
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HOFFMAN) ESTATES (II) SUB OF THAT PT LYING SOUTH OF HIGGINS ROAD OF NW SW SEC14 & NE & NH SE SEC15 EH SEC 15-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804608

Geography

  • District: 35
  • Parcel: 07-15-414-014-0000
  • Block: 40
  • Lot: 8
  • Meridian: SEC 15 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0394
  • Longitude: -88.0769

    Address

  • Full Address: 640 Buckeye Dr
  • Address - House Number: 640
  • Address - Street Name: Buckeye
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C038
  • 4-Digit Zip Code: 1869
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $772,171
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 248,469
  • High Value: 273,591
  • Low Value: 223,347

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $60,480
  • Market Improvement Value: $199,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $6,048
  • Assessed Improvements Value: $19,952

    Sales

  • Current Sale Contract Date: Feb 22, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13073
  • Previous Sale Recording Date: Jul 09, 2010
  • Previous Sale Contract Date: Jun 14, 2010
  • Previous Sale Amount: $181,500
  • 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:

$410,000

Sale Price/ft²

$243

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1651 ft²

Average Home Age

43.7 years

Currently For Sale

74 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 852 Dighton Lane N, Schaumburg, IL, 60173

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,488 ft²
852 Dighton Lane N, Schaumburg, IL, 60173 Listing by Mafatlal Patel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Hank Fatoorehchi, Realty Executives Advance
Last Updated: 3 years ago
Data Source: MRED, MLS# 12057506
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 640 Buckeye Drive built and last sold?
The property at 640 Buckeye Drive was built in 1957 and last sold on Feb 22, 2024 for $251,000.
How much is this home worth?
The estimated value of the home located at 640 Buckeye Drive is $0.
What are some comparable homes to 640 Buckeye Drive?
There are currently no comparable homes to 640 Buckeye Drive.
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