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Des Plaines 60016
701 Meadow Drive
$499,000
● House - Off Market

701 Meadow Drive

Des Plaines, IL 60016
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,104 Ft²
$584,110
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Prestigious Moehling Farms Subdivision! One owner home with generous size rooms , and across the street from Chippewa Park with walking path, baseball diamonds, tennis courts and play ground! Walk to elementary and middle schools. 42" cabinetry in kitchen with counter height and stool space Island, corner window sink, lots of light! Master bedroom closet is huge, as is the adjoining bath with separate shower and soaker tub. Upgrades include double bowl sink in hall bath; laundry room tub; marble fireplace elevation; Volume ceiling in master bedroom; ceiling fans in all rooms! Unfinished basement with roughed in plumbing for future bath; newer hot water heater, new sump pump and Cement driveway!
Unit Size
3,104 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$167
Property Type
House
Property Taxes
$971
HOA Dues
-
Year Built
1998

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11187070)

Price History

Date / Event Date Event Price
Oct 13, 2021 Sold
Premium
Sold
Aug 12, 2021 Listed by RE/MAX All Pro $519,000
Listed by RE/MAX All Pro

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,375
  • Total Building Area: 3,104
  • Gross Building Area: 3,104
  • Building Area: 3,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,104
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOEHLING FARMS
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806103

Geography

  • District: 22
  • Parcel: 09-07-425-001-0000
  • Lot: 39
  • Meridian: SEC 07 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0584
  • Longitude: -87.9066

    Address

  • Full Address: 701 Meadow Dr
  • Address - House Number: 701
  • Address - Street Name: Meadow
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C048
  • 4-Digit Zip Code: 1182
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,338,007
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2006
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 564,153
  • High Value: 677,327
  • Low Value: 450,980

    Market Valuation

  • Market Total Value: $520,000
  • Market Land Value: $79,690
  • Market Improvement Value: $440,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,000
  • Assessed Land Value: $7,969
  • Assessed Improvements Value: $44,031

    Sales

  • Current Sale Contract Date: Oct 13, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2130055131
  • Previous Sale Recording Date: Dec 01, 1999
  • Previous Sale Contract Date: Nov 17, 1999
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1628 ft²

Average Home Age

53 years

Currently For Sale

108 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 430 S Western Avenue, Des Plaines, IL, 60016

$3,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,980 ft²
430 S Western Avenue #203, Des Plaines, IL, 60016 Listing by Liviu Dinita

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sue Rogus, RE/MAX All Pro
Last Updated: 3 years ago
Data Source: MRED, MLS# 11187070
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 701 Meadow Drive built and last sold?
The property at 701 Meadow Drive was built in 1998 and last sold on Oct 13, 2021 for $499,000.
How much is this home worth?
The estimated value of the home located at 701 Meadow Drive is $0.
What are some comparable homes to 701 Meadow Drive?
There are currently no comparable homes to 701 Meadow Drive.
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