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Buffalo Grove 60089
655 MacArthur Drive
$325,000
● House - Off Market

655 MacArthur Drive

Buffalo Grove, IL 60089
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,277 Ft²
$306,823
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Charming raised ranch home in highly sought Buffalo Grove community. Close to parks, shopping, dining and more! Featuring 4 bedrooms, 1 full bath, and 2 half baths this home is ready to be yours!  With stunning hardwood floors, and more under the carpet through-out the home. Bright and spacious living room has a newer bay window and a custom gas log stone fireplace to enjoy. Formal dining room opens to the cozy and airy kitchen, also giving access to a sizeable deck with a screened in gazebo and space to entertain. Master bedroom has attached bathroom. Recently remodeled lower level has a family room, a powder room, and the 4th bedroom. Storage space available throughout the home.  Roof 2018. Hot water heater 2019. Washer 2019. Furnace/A/C 2007. Hurry a home like this won't last long!!!
Unit Size
1,277 Ft²
Days on Market
-
Land Size
-
Price per sqft
$235
Property Type
House
Property Taxes
$563
HOA Dues
-
Year Built
1968

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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 #11450422)

Price History

Date / Event Date Event Price
Jul 25, 2022 Sold
Premium
Sold
Jun 29, 2022 Listed by @properties Christie's International Real Estate $299,900
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • 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: 9,084
  • Total Building Area: 1,277
  • Gross Building Area: 1,277
  • Building Area: 1,277
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,277
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARLINGTON ADD/BUFFALO GROVE
  • Land Acres: 0000000209
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803013

Geography

  • District: 38
  • Parcel: 03-05-413-016-0000
  • Lot: 104
  • Meridian: SEC 05 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1423
  • Longitude: -87.9669

    Address

  • Full Address: 655 Macarthur Dr
  • Address - House Number: 655
  • Address - Street Name: Macarthur
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C065
  • 4-Digit Zip Code: 3422
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $485,451
  • Tax Rate Code Area: 38077

    Appraisal Valuation

  • Standard Deviation: 0.218
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 385,083
  • High Value: 469,038
  • Low Value: 301,128

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $81,760
  • Market Improvement Value: $258,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $8,176
  • Assessed Improvements Value: $25,824

    Sales

  • Current Sale Contract Date: Jul 18, 2022
  • Current Sale Recording Date: Aug 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 13171
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 Buffalo Grove

Stats & Trends

Median Asking:

$439,900

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1968 ft²

Average Home Age

43.4 years

Currently For Sale

78 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 2653 N Bradford Drive, Arlington Heights, IL, 60004

$3,800 /mo

  • 3 Beds
  • 3 Baths
  • 2,175 ft²
2653 N Bradford Drive, Arlington Heights, IL, 60004 Listing by Michael Pisto
Unit for rent at 20589 N Horatio Boulevard, Prairie View, IL, 60069

$4,000 /mo

  • 4 Beds
  • 3 Baths
  • 3,026 ft²
20589 N Horatio Boulevard, Prairie View, IL, 60069 Listing by Pankaj Patel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tracy McBreen, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11450422
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 655 Macarthur Drive built and last sold?
The property at 655 Macarthur Drive was built in 1968 and last sold on Jul 18, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 655 Macarthur Drive is $305,976.
What are some comparable homes to 655 Macarthur Drive?
There are currently no comparable homes to 655 Macarthur Drive.
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