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Hanover Park 60133
6977 MEADOWBROOK Lane
$265,000
● House - Off Market

6977 MEADOWBROOK Lane

HANOVER PARK, IL 60133
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,200 Ft²
$431,597
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

THIS ONE IS SPECIAL..SUPER LOCATION & YARD. DIST. 211 AND 54  SCHOOLS ! FRONT /BACK LAWNS & FLOWER BEDS WITH SPRINKLER SYSTEM. EXPANDED AND UPDATED KITCHEN  ( ALSO REVERSE OSMOSIS WATER) HAS SLIDERS TO A NICE LARGE DECK WITH ELECT AWNING. SOLID WOOD CABINETS AND S.STEEL APPLIANCES ( OVER 40,000). ALL NEWER DOORS AND WINDOWS INT & EXT.. NEWER CARPET, CROWN MLDING, HARDWOOD IN ROOMS.. LL BOASTS FRANKLIN FIREPLACE. HUGE STORAGE RM ( COULD BE 6TH BDRM) AND LRG 5TH BEDROOM. HIGH E AC, NEWER guts in FURNACE AND NEWER  HTO HTR, TOOL SHED AND GREEN HOUSE!CONCRETE DRIVE.. REMODELED BATHS. NEWER RAILINGS AND NEWER 30 YR ARCHITECTURAL ROOF. RESH PAINT THRU OUT.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$123
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1965

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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 #09596030)

Price History

Date / Event Date Event Price
Jul 25, 2017 Sold
Premium
Sold
Apr 13, 2017 Listed by Homesmart Connect LLC $270,000
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 1,157
  • Gross Building Area: 1,157
  • Building Area: 1,157
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,157
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HANOVER HIGHLANDS UNIT3
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HANOVER) (HIGHLANDS) (UNIT3) SUB OF PT NE SEC 31-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804804

Geography

  • District: 35
  • Parcel: 07-31-215-003-0000
  • Block: 20
  • Lot: 3
  • Meridian: SEC 31 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 41.9985
  • Longitude: -88.1327

    Address

  • Full Address: 6977 Meadowbrook Ln
  • Legal Unit: 3
  • Address - House Number: 6977
  • Address - Street Name: Meadowbrook
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hanover Park
  • Carrier Code: C004
  • 4-Digit Zip Code: 6418
  • Zip Code: 60133

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $626,872
  • Tax Rate Code Area: 35022

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 345,207
  • High Value: 424,041
  • Low Value: 266,372

    Market Valuation

  • Market Total Value: $239,520
  • Market Land Value: $50,700
  • Market Improvement Value: $188,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,952
  • Assessed Land Value: $5,070
  • Assessed Improvements Value: $18,882

    Sales

  • Current Sale Contract Date: Jul 25, 2017
  • Current Sale Recording Date: Aug 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1722249082

    Financing

  • First Mortgage Financing Type: ADJ
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 Hanover Park

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1427 ft²

Average Home Age

48.9 years

Currently For Sale

34 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

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MRED

Listed by: , Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09596030
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 6977 Meadowbrook Lane built and last sold?
The property at 6977 Meadowbrook Lane was built in 1965 and last sold on Jul 25, 2017 for $265,000.
How much is this home worth?
The estimated value of the home located at 6977 Meadowbrook Lane is $0.
What are some comparable homes to 6977 Meadowbrook Lane?
There are currently no comparable homes to 6977 Meadowbrook Lane.
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